The crazy week for earnings continues. Here’s my take on the second batch of companies that have reported this week. Looking for part 1? Click here.

Square (SQ)

• Total net revenue up 44% year over year
• Gross profit up 36% year over year
• Cash App gross profit up 115% year over year
• View Earnings Report Here
• My thoughts: A large percentage of Square’s clients are the small and mid-sized businesses that are getting hit hard by Coronavirus, so some bad numbers on that front are expected over the next few earnings reports. The key thing I am looking at is their Cash App metrics, which should benefit from Square recently acquiring their banking license, being able to request stimulus checks for users, and presumably the accelerated movement away from cash. The numbers look pretty good on that front, so I’m still excited for the future of Square (especially after we get past Coronavirus).

Livongo Health (LVGO)

• Revenue up 115% year-over-year
• Enrolled Livongo for Diabetes Members up 100% year-over-year
• Livongo Clients up approximately 44% quarter-over-quarter
• View Earnings Report Here
• My thoughts: I love seeing these triple digit growth rates and there’s still a long runway ahead of them. Livongo reported 328,000 enrolled diabetes members, but there are an estimated 34 million Americans with diabetes. That means that even if they don’t expand much beyond diabetes, this is a company that has a lot of room to continue growing. Even though Livongo has about doubled in the last 5 months alone, I’m still really excited about this company. In fact, I’m looking to “add to my winners” and possibly add to my position if I can find something to sell in order to raise some cash.

Redfin (RDFN)

• Revenue increased 73% year-over-year
• Reached market share of 0.93% of U.S. existing home sales by value, an increase of 0.10 percentage points year over year
• Announced plans to have RedfinNow resume making offers on homes in select markets in May
• View Earnings Report Here
• My thoughts: Similar to Square’s earnings report, I’m hesitant to read too much into Redfin’s earnings report this quarter because of how much social distancing has affected their business and how lumpy some of their results look due to the ramping up (and subsequent shutting down) of their iBuying through RedfinNow. As a result, I’m not overly focused on the revenue growth and instead am encouraged that they are opening back up RedfinNow. On the surface, the market share gain looks good, but it was also down quarter over quarter. Oddly enough, though, for the past few years their market share metric seems to follow the same pattern of being generally flat for three quarters and then jumping between Q1 and Q2. Here’s hoping that pattern persists for next quarter. I’m still very much holding onto my shares and am excited for where the stock goes once home buying is back to normal.