Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Analyst
Vince Valentini
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters; questions recorded in 6).
- Questions
- 9on tracked calls
- Challenge rate
- 22%2 of 9 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 9 of 9 questions from 2 companies
TRIThomson Reuters Corporation7 questions · 5 reporting periods · 2 of 7 challenging
Calendar 2026 Q2
So is there anything else one-time in nature or timing-ish in nature that you can point to?
Show response
Bischoping attributed the Q3 margin step-down to severance, marketing investment, and M&A dilution, and guided Q4 EBITDA margin to the low 40s (not the ~45% Valentini modeled), backed by $40M of automation savings and lower severance.
Calendar 2026 Q1
Is there anything that's worrying you these days? Do you see any customers who have left your platform, either in legal or in tax
Show response
Hasker acknowledged many law firms are trialing multiple tools but said retention trends are improving broadly. Positioned CoCounsel Next as competitive differentiator combining content, expertise, privacy, and support.
I just try to clarify something. I'm not sure I understand the 7x and the 5x figures you gave
Show response
Bischoping clarified the Westlaw Advantage 7x was over 6 months since a few months after launch, and CoCounsel tax and audit conversations grew 5x since September. Hasker added context about TAM expansion from multiple vectors.
Calendar 2025 Q3
Is the government shutdown having an impact or these cancellations happened before that? And can you clarify, do you do work for ICE?
Show response
Mike confirmed cancellations were pre-shutdown. Steve declined to discuss specific agency relationships due to confidentiality but confirmed work with multiple departments on law enforcement matters consistent with trust principles.
you got a nice call out on the Amazon call last week on being one of their key customers for their transform product
Show response
Steve described applying CoCounsel Legal and CoCounsel for Tax internally plus third-party tools like AWS. Mike linked internal automation to 2026 margin expansion of 100bps, clarifying it's 100bps off actual FY2025 result.
Calendar 2025 Q2
What percentage of your internal workflows are automated with AI or something equivalent at this point
Show response
Steve said internal AI adoption is strong with early successes in software engineering and customer support but too early to quantify benefits. Margins not raised for the reasons cited.
Calendar 2025 Q1
The margin impact from foreign currency, you mentioned that was a tailwind in Q1. Can you just remind us what the main drivers of that are
Show response
Mike identified GBP, Argentine peso, and Brazilian real as key FX exposures, expected smaller impact in Q2. Steve noted M&A pipeline could be opportunistic with strong balance sheet.
PNRPentair2 questions · 1 reporting period · 0 of 2 challenging
Calendar 2024 Q4
Could you help frame how we view Q2 in terms of the bridge? Do you see Q2 improving a little bit, but most of the improvement in the second half
Show response
CEO expects modest improvements weighted to H2. Growth rate improving in Q3/Q4 versus easier comps rather than meaningful rate-driven recovery.
Should we be expecting some significant debt paydown during this year? And does the guide assume any debt reduction?
Show response
CFO described balanced capital allocation: dividend increase, share repurchases to offset dilution, slight debt paydown, and bolt-on M&A.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| TRI Thomson Reuters Corporation | 7 | 29%2 of 7 questions |
| PNR Pentair | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 2 | 0%none of 2 questions | 1 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 1 | 0%none of 1 question | 1 |
| 2025 Q3 | 2 | 0%none of 2 questions | 1 |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | 2 | 50%1 of 2 questions | 1 |
| 2026 Q2 | 1 | 100%1 of 1 question | 1 |
- 2024 Q42 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
- 2025 Q4No questions recorded
- 2026 Q12 questions · challenge rate 50% (1 of 2 questions) · 1 company
- 2026 Q21 question · challenge rate 100% (1 of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Margin3
- Cloud & AI3
- Subscriber Growth2
- Cost Pressure1
- Competitive Dynamics1
- Regulation Policy1
- Revenue Growth1
- Fx1
- M&A1
- Demand1
Show all 12 topics
- Guidance Reliability1
- Capital Allocation1