09/13/2026  Honored participants are advised that Horizon Capital has claimed the ADSK award and has received delivery. Participants are also advised that the Guru League and the prestigious inaugural Maple Heart Rank-Title™ in the Hall of Stars remains open until September 30th.

09/10/2026  Honored participants are advised that GT Analyst has claimed the INTU award. Horizon Capital  has not yet claimed the ADSK award and unless claimed it will also be assigned to the Runner-Up.

09/09/2026  Honored participants are advised that PIK awards received from the June 2026 Tourney may optionally be converted into Finance Royale Credits in The Ledger.

INTU 10K RESULTS! 09/09/2026  Honored participants are advised that INTU 10K results have been released. Annual Net Income was 4,566MM which implies a quarterly income of 363MM (4,566MM-3,063MM-693MM-446MM) and assuming reported diluted shares of 277MM confirms the implied results of ca. $1.30 GAAP and $3.98 non-GAAP. The confirmed Winner for the INTU award is GT Analyst and Runner-Up is JT Capital. Both are also awarded Consensus-Beat awards and added to The Ledger.  All PIK awards must be claimed by both Winner and Runner-Up via Concierge within 5 days. If the Winner does not claim, it will be assigned to Runner-Up.

09/03/2026  Honored participants are advised that all Consensus-Beat awards have been given to Royale29, GT Analyst, kings girls, nathan and Horizon Capital as shown on the Leaderboard and The Ledger. These are unvested-FRC ("uFRC") and vest on 31st December 2026, and in the meantime can be exchanged in the Trade-entry Form on The Trading Floor until the vesting date. The AUTO-SWEEP option applies a simple interest calculation using the 3-month Treasury bill rate (BEY) of 3.87% p.a. plus 99bps.

IMPORTANT! 09/03/2026  Honored participants are advised that the Winner for the ADSK contest is confirmed to be Horizon Capital and Runner-Up is GT Analyst: only 1/10th of a percentage error separated the Winner and Runner-Up. Participants are reminded that errors in smaller forecasts resulting in larger percentage errors, creating the delta in the SCORE.  All PIK awards must be claimed by both Winner and Runner-Up via Concierge within 5 days. If the Winner does not claim, it will be assigned to Runner-Up.

8/27/2026  Honored participants are advised that all Contest and Tourney Champions as well as general participants may request Concierge to post selfies (without names or pseudonym) on a Finance Royale Memories page if desired. Attire should preferably be formal or business attire such as dress, tuxedo, suits, etc. 

8/27/2026  Honored participants are reminded that at Finance Royale the Last can become the First from honest efforts. 

IMPORTANT! 08/27/2026  Honored participants are advised that the indicative June 2026 Ticker Tourney Champion is GT Analyst: confirmation will be posted in the Hall of Stars.  It was a very close race between Malsur, JT Capital and m&m&m with only a few % points of error.

IMPORTANT! 08/27/2026  Honored participants are advised that the 8K has been released by ADSK: GAAP EPS is $2.33 and non-GAAP EPS is $3.30. Indicative First-Place for GAAP EPS is Horizon Capital and non-GAAP EPS  is GT Analyst. The Indicative Winner for the ADSK contest is Horizon Capital and Runner-Up is GT Analyst.  Once the results are posted on the Leaderboard next week, all PIK awards must be claimed by both Winner and Runner-Up via Concierge within 5 days. If the Winner does not claim, it will be assigned to Runner-Up.

8/27/2026  Honored participants are reminded that the most prestigious Rank-Title™  will be granted in the Hall of Stars for Guru League trading achievements in 2026: The Maple Heart. The Guru League will remain open until September 30th.

INTU CORRECTION! 08/27/2026  Honored participants are advised that the previous announcement for INTU was incorrectly based upon forward guidance for Q1 2027 and not the implied actual results for Q4 2026. GAAP EPS is  implied to be $1.30 ($16.36 - $11.09 - $2.48 - $1.59) and non-GAAP EPS is implied to be $3.98 ($24.27 - $12.80 - $4.15 - $3.34). Indicative First-Place for GAAP EPS is GT Analyst and non-GAAP EPS  is also GT Analyst. The Indicative Winner for the INTU award is GT Analyst and Runner-Up is JT Capital. We await confirmation from the 10K which is typically received September 3rd.

IMPORTANT! 08/25/2026  Honored participants are advised that the 8K has been released by INTU: GAAP EPS is $1.71-1.75 and non-GAAP EPS is $2.44-2.48. Indicative First-Place for GAAP EPS is GT Analyst and non-GAAP EPS  is Horizon Capital. The Indicative Winner for the INTU award is Vertex Capital and Runner-Up is JT Capital.  Due to the unusual EPS range format, it is likely that the 10K may be required for confirmation but not expected to change rankings. Once the results are confirmed and posted on the Leaderboard, all PIK awards must be claimed by both Winner and Runner-Up via Concierge within 5 days and student e-mail provided if you are not Hunter-Class. If the Winner does not claim, it will be assigned to Runner-Up.

8/23/2026  Honored participants are advised that Delta Capital's claim for the ADI Base Award has been accepted and delivered.

IMPORTANT! 08/23/2026  Honored participants are advised that Delta Capital is confirmed as the Winner of the ADI forecasting contest Base Award. The Runner-Up is GT  Analyst II. Under Rule 14 and Rule 21, the Winner and Runner-Up must claim PIK Awards via a student e-mail within 5 days unless they are Hunter-Class, otherwise the claims may be rejected/reassigned. 

IMPORTANT! 08/22/2026  Honored participants are advised that the Leaderboard has been updated. Congratulations to GT Analyst, kings girls and Malsur for post-Tourney Hunter-Class qualification. While you do not receive Bonus-Awards for this Tourney you will for subsequent Tourneys and also qualify for the current Guru League Benchmark-Beat awards if trade-entries are submitted. Triple T Capital, Harry Teeling, Japatee and Case Compees are demoted from Hunter-Class for failing to meet the Public Value Threshold which is currently 6.

IMPORTANT! 08/21/2026  Honored participants are advised that participants may elect to link their FRC balance to Guru League trade-entries: a new election will be permitted in the Trade-entries form as well as an "AUTO-SWEEP" option that still requires date selection.

8/21/2026  Honored participants are advised that under Rule 21, you must claim Base Awards with a student e-mail unless you have qualified as Hunter-Class. Please be patient and wait for indicative results to be confirmed on the Leaderboard as we determine Public Values for Hunter-Class qualification prior to filing your claim with Concierge.

8/19/2026  Honored participants are advised that particpants beating the consensus baseline have also been awarded 10 uFRC: the Leaderboard Ledger has been updated.

IMPORTANT! 08/19/2026  Honored participants are advised that the 8K has been released by ADI: GAAP EPS is $2.74 and non-GAAP EPS is $3.75. Indicative First-Place for GAAP EPS and non-GAAP EPS  is Delta Capital. The Indicative Winner for the ADI contest is Delta Capital and Runner-Up is GT Analyst II.  Once the results are posted on the Leaderboard, all PIK awards must be claimed by both Winner and Runner-Up via Concierge within 5 days. If the Winner does not claim, it will be assigned to Runner-Up.

IMPORTANT! 08/18/2026  Honored participants are advised that the June Tourney is now closed for forecast data-entry. ADI is expected to release BMO at 7am on August 19th.  Good luck everybody!

08/16/2026  Finance Royale welcomes Horizon Capital and Vertex Capital, and is purposed to supporting family and friends ("Familia"). For perfecting the Qualification-Quiz, both receive 10 uFRC for use in the Guru League. 

IMPORTANT! 08/15/2026  Honored participants are reminded that the June Tourney will end on at 4pm EST August 18th as ADI is confirmed to report BMO on August 19th. This will be the final tourney for 2026.

IMPORTANT! 08/13/2026  Honored participants are advised that if you have standing on the Way-of-Choices Ledger (i.e., have FRC or uFRC balance) and have submitted any forecasts in 2026, you are eligible for Trade-entry to contribute to your track-record even if you are not Hunter-Class.

08/13/2026  Team kings girls are advised that a forecast was not received for INTU. 

08/13/2026  Forecasts have been received by Team m&m&m via Long-Form: please check EOD Forecasts. Team m&m&m receives 3 TeR and 3 uFRC and is ready to trade.

08/13/2026  Forecasts have been received by JT Capital: please check EOD Forecasts to ensure that the correct GAAP and non-GAAP has been submitted.

08/10/2026  Honored participants are advised that sensitivities in the Forecasting Tool has been updated to include 366 earnings reports for the S&P 500.

08/10/2026  Finance Royale welcomes JKKKK013 and JT Capital. Participants are encouraged to perfect the Qualification-Quiz and to enter forecasts promptly in order to receive TeR for the Guru League and beat the benchmark. 

08/09/2026  Honored participants are advised that when using the Forecasting Tool, higher difficulty forecasts may require adjustment of  default sensitivity values in order to obtain the desired forecast value.

08/08/2026  Finance Royale congratulates Team kings girls for  perfecting the Qualification-Quiz, and receives 2 uFRC for use in the Guru League. 

IMPORTANT! 08/08/2026  Honored participants are advised that it is not necessary to undertake data-entry in all 3 types: you may choose to use either the Short-Form, Long-Form or the Forecasting Tool. The forecasting contests are intended to be low burden and not a grinding contest: participants should determine before hand the effort/reward profile they desire. Finance Royale accommodates strategy experimentation and choices. Additional data obtained from the Long-Form  and the Forecasting Tool helps users of forecast data-entry to appraise the quality of the forecast and determine the risk of reliance.

08/7/2026  Honored participants are advised that Team GT Analyst has created sub-strategy GT Analyst II. The Parent Strategist has converted to a PIK registration and receives all the Rank-Titles™  and awards of the sub-strategies and therefore can only claim local currency PIK Base Awards and does not receive the leveraged benefit of the Parent Strategist's Public Value via Bonus Awards. FRC is therefore limited to OTC transfers, Guru League Benchmark-Beat awards and KYT-achievements.  

08/06/2026  Finance Royale welcomes Team TLC. Participants are encouraged to perfect the Qualification-Quiz and to enter forecasts promptly in order to receive TeR for the Guru League and beat the benchmark. 

08/06/2026  Finance Royale welcomes Solo-Trader TT Capital, and receives 2 uFRC for completing the Qualification-Quiz. Participants are advised that under Rule 18, covert registrations without identification and electing Finance Royale Credits does not permit the One-Time option to convert registration to PIK awards and immediate monetization. Registrations can also be amended/corrected. 

IMPORTANT! 08/06/2026  Honored participants are advised that all accepted forecasts can now be accessed directly on the home landing page with the button labelled "Forecasts".

08/6/2026  Honored participants are advised that GT Analyst has exercised One-Time option to convert 500 FRC to PIK Awards under Rule 18. Note that PIK Award registrations must claim prizes within 5 days, while FRC are automatically deposited.  The Leaderboard Ledger has been updated: the outstanding issued FRC has now been reduced to 56 FRC.

IMPORTANT! 08/05/2026  Honored participants are advised that Finance Royale Credits used in the Guru League are not affected regardless of your trading performance, i.e., there is no risk to your FRC balance. It is recommended to keep balances high until the end of the season to maximize visibility and vocational experience, and thereafter monetize into PIK after the season. Even after withdrawing FRC, your trading performance will still retain high visibility from your retained PnL. You may also seek bilateral counter-parties via announcements if you wish to transfer your FRC balance: please make a Concierge request.  You may also attach a selfie to the announcement to increase social visibility.

08/05/2026  Finance Royale welcomes Team kings girls. Participants are encouraged to perfect the Qualification-Quiz and to enter forecasts promptly in order to receive TeR for the Guru League. 

IMPORTANT! 08/03/2026  Honored participants are advised that the June Tourney has been extended to 4pm EST August 18th as ADI is confirmed to report BMO on August 19th.

08/03/2026  Honored participants are advised that Team Royale29 has made a bullish forecast for INTU, and receives 5 TeR. Check EOD Forecasts at Downloads. 

IMPORTANT! 07/27/2026  Honored participants are advised that if you wish to include selfies/team pictures on winning contests and/or public transcripts, please contact Concierge and submit the photo for processing. 

07/26/2026  Honored participants are advised that Malsur has perfected the Qualification-Quiz and used the Long-Form data-entry, receiving a KYT-Achievement Serendipity-Bonus™ of 3 unvested FRC ("uFRC") which may be applied in the Guru League. The Way-of-Choices Ledger on the Leaderboard has been updated as well as Instrument Approvals on The Trading Floor. Honored participants are advised that only one form of data-entry is required and not all forms.

07/24/2026  Honored participants are advised that Solo Trader Malsur registration has been accepted. Participants are encouraged to perfect the Qualification-Quiz and to enter forecasts promptly in order to receive TeR for the Guru League.

07/20/2026  Honored participants are advised that Team Royale29 registration has been accepted. Participants are encouraged to perfect the Qualification-Quiz and to enter forecasts promptly in order to receive TeR for the Guru League. 

IMPORTANT! 07/13/2026  Honored participants are advised that under Rule 10 of the Guru League only one Rank-Title™  will be granted in the Hall of Stars for trading achievements in 2026: The Maple Heart.

07/11/2026  Honored participants are advised that LTC Capital has perfected the Qualification-Quiz and receives a KYT-Achievement Serendipity-Bonus™ of 2 unvested FRC ("uFRC") which may be applied in the Guru League. The Way-of-Choices Ledger on the Leaderboard has been updated.

07/10/2026  Honored participants are advised that if you are having trouble with registration, please contact Concierge via a Request. Responses  will come from concierge@finance-royale.com (with a hyphen) so please clear spam filters. New registrations require up to 24h to process, so please be patient.

07/04/2026  Happy 250th Anniversary! Delta Capital receives 6 Trade -entry Rights ("TeR")  for the Originating Forecast data-entry for ADI (Rule 4, Guru League Rules). TIP: Do the Qualification-Quiz and use the Long-Form Forecast Data Entry with Know-Your-Ticker™. 

07/03/2026  Solo Trader Frontier Markets name has been changed to Delta Capital. 

IMPORTANT! 07/03/2026  Honored participants are advised that the Benchmark Period has now commenced, and timely Trade-Entry is an important consideration for the Guru League Trading-Element™. The  Benchmark Instrument is DIA and is now tracked in the Trading Book.

IMPORTANT! 07/03/2026  Honored participants are advised that this is the last Tourney for 2026: Hunter Class may send a request to Concierge to receive an email update for next year.

IMPORTANT! 06/21/2026  Honored participants are advised that the June 2026 Tourney has now commenced with the release of the Kick-Off video: registration updates and data-entries are now being accepted. This will be the Finale of the 2026 Championship.

06/20/2026  Honored participants are advised that a Video Guide for the new Guru League has been posted.

IMPORTANT! 06/10/2026  Honored participants are advised that the June 2026 Tourney will soon commence, with the additional new Guru League Trading-Element™ . Check the forthcoming official Kick-Off video: registrations and quizzes are always available at any time.

05/11/2026  Honored participants are advised that Selby Jennings' Investment Banking Comp Guide 2026 is available in Publications. Also available on their website is the USA Quantitative Analytics, Research & Trading Guide 2026 on their website.