Callouts & quotes from 387+ activist slides

"Autodesk announced an accounting investigation “regarding the Company’s free cash flow and non-GAAP operating margin practices” leading to a delay in its 10K filing"

"Autodesk announced an accounting investigation “regarding the Company’s free cash flow and non-GAAP operating margin practices” leading to a delay in its 10K filing"

"Muddy Waters describes the EBITDA margin as unusually high. You have told us 20% in 2014 and 24.8% in 2015. How is it that the margin is so high? — Dr. Weimann"

"Ultimate Software expects to achieve ~35% – 40% operating margins when it reaches scale and as growth decelerates from ~20%+ per annum — Ultimate Software"

"“... any healthy content business, media business would have margins attached to it that are attractive.” — CEO Tim Armstrong 1Q11 conference call, 5/4/11"

"Aroundtown reported Q1 2019 gains on sales of properties for €171 million “at a 34% profit margin over total cost...” — Aroundtown Q1 2019 Report"

"“...We do believe, as you mentioned, that we can achieve OTA-like margins over the longer term [at Viator].” — Tripadvisor CFO, September 2025"

"“...We do believe, as you mentioned, that we can achieve OTA-like margins over the longer term [at Viator].” — Tripadvisor CFO, September 2025"

"“there is no safety margin using the actual data and anticipated steady state level....” — Pharmacology consultant engaged by Scorpion Capital"

"Overstated Margins from Day One. CoreWeave assumes EBITDA margins hit 80% immediately, a figure a former CoreWeave engineer called “utopian.”"

""The unifying mission or thread of this transformation is really the move to a higher margin product mix." — Kay Meggers, December 14, 2016"

"In recent years, we have pushed the [soup] business too hard on pricing and margin. — Board member & interim CEO Keith McLoughlin"

"“We were told, ‘Figure out product market fit and we’ll figure out margins later.’” — Former Samsara Director, Product Management"

"We sense that Bumble, Chegg, and Match are good comps given similar consumer subscription models and margin profiles. — JPMorgan"

"In the near future, the operating margin will reach around 80%. — Toshiyuki Iwata, PeptiDream Investor Relations Director"

"Our core strategy is to grow our business globally within the parameters of our operating margin target. — Netflix"

"Our core strategy is to grow our business globally within the parameters of our operating margin target. — Netflix"

"there’s no reason that it should not be a 60-plus precent gross margin business. — CFO of Twist Bioscience"

"$100/t Carbon tax represents only 10% of marginal copper costs but 80% of aluminium costs — Wood Mackenzie"

"“Employer Services’ overall margin increased from 30.4% to 30.6% for fiscal 2017...” — ADP Form 10-K"

"Crush margins are the worst in China. We do expect those to improve. — Q1'21 Conference Call"

"“there’s no reason that it should not be a 60-plus precent gross margin business.” — CFO"

""WWW Puts Margin Run-rate Target In-sight nearly 12 mos. Ahead of Plan" - Stifel 11/8/17"

""did not do anything for less than... 25-30% margin, gross." — Former AJR employee"

"didn't do anything for less than...25, 30% gross margin. — A former AJR employee"

"SiTel generated margins between 12% - 19%, even while spending on new products"

"“roughly in line... with our overall margin profile” — ADP management"