National CineMedia(NCMI) - 2025 Q3 - Quarterly Report
2025-10-30 20:20
Financial Performance - Total revenue for Q3 2025 increased by $1.0 million, or 1.6%, to $63.4 million compared to Q3 2024's $62.4 million[142]. - National advertising revenue rose by $3.1 million, or 6.6%, from $46.8 million in Q3 2024 to $49.9 million in Q3 2025, driven by a 41.9% increase in national advertising utilization[144]. - Local and regional advertising revenue decreased by $1.8 million, or 15.8%, from $11.4 million in Q3 2024 to $9.6 million in Q3 2025 due to reduced contract activity in several categories[145]. - Total theater attendance fell by 10.6% from 121.6 million in Q3 2024 to 108.7 million in Q3 2025[143]. - Adjusted OIBDA for Q3 2025 was $10.2 million, up from $8.8 million in Q3 2024, reflecting a 15.9% increase[140]. - Adjusted OIBDA margin improved to 16.1% in Q3 2025 from 14.1% in Q3 2024[140]. - Net income attributable to NCM, Inc. was $1.6 million in Q3 2025, a significant improvement from a net loss of $3.6 million in Q3 2024, representing a 144.4% increase[142]. - Operating loss decreased to $1.8 million in Q3 2025 from $7.5 million in Q3 2024, marking a 76.0% improvement[140]. - Total revenue per attendee increased by 13.7% from $0.513 in Q3 2024 to $0.583 in Q3 2025[143]. - Total revenue decreased by $4.5 million, or 2.9%, from $154.5 million for the nine months ended September 26, 2024 to $150.0 million for the nine months ended September 25, 2025[155]. - National advertising revenue increased by $0.6 million, or 0.5%, from $117.9 million to $118.5 million for the nine months ended September 25, 2025, driven by a 17.0% increase in national advertising utilization[157]. - Local and regional advertising revenue decreased by $5.7 million, or 21.5%, from $26.5 million to $20.8 million for the nine months ended September 25, 2025, primarily due to decreased contract activity[158]. Operating Expenses - Total operating expenses decreased by $4.7 million, or 6.7%, from $69.9 million in Q3 2024 to $65.2 million in Q3 2025[147]. - Theater exhibition fees decreased by $0.6 million, or 1.8%, from $32.9 million in Q3 2024 to $32.3 million in Q3 2025, primarily due to a 10.6% decrease in network attendance[148][149]. - Selling and marketing costs remained stable at $10.1 million for both Q3 2024 and Q3 2025, with a $0.5 million decrease in personnel-related costs offset by a $0.3 million increase in variable costs[150]. - Administrative and other costs decreased by $2.3 million, or 17.8%, from $12.9 million in Q3 2024 to $10.6 million in Q3 2025, mainly due to a reduction in legal and professional fees[151]. - Depreciation expense decreased by $0.1 million, or 8.3%, from $1.2 million in Q3 2024 to $1.1 million in Q3 2025[152]. - Amortization expense decreased by $1.6 million, or 16.8%, from $9.5 million in Q3 2024 to $7.9 million in Q3 2025[153]. - Total operating expenses for the nine months ended September 25, 2025 decreased by $6.2 million, or 3.2%, from $193.9 million to $187.7 million[160]. - Selling and marketing costs increased by $1.0 million, or 3.4%, from $29.6 million to $30.6 million for the nine months ended September 25, 2025[163]. - Administrative and other costs decreased by $5.8 million, or 14.6%, from $39.8 million to $34.0 million for the nine months ended September 25, 2025[164]. - Depreciation expense decreased by $0.1 million, or 2.9%, from $3.4 million to $3.3 million for the nine months ended September 25, 2025[165]. - Amortization expense decreased by $2.9 million, or 10.2%, from $28.4 million to $25.5 million for the nine months ended September 25, 2025[166]. - Total non-operating expense decreased by $5.4 million, or 71.1%, from $7.6 million to $2.2 million for the nine months ended September 25, 2025[167]. Cash Flow and Financing - Cash, cash equivalents, and marketable securities decreased by $45.3 million from $75.2 million to $29.9 million as of September 25, 2025[174]. - Operating cash flow significantly decreased to $0.1 million from $29.8 million for the nine months ended September 25, 2025[176]. - NCM LLC has no outstanding borrowings under the 2025 Credit Facility as of September 25, 2025, with a total capacity of $45.0 million[172]. - The available cash amount to NCM, Inc. for the three months ended September 25, 2025, was approximately positive $7.1 million[178]. - Cash provided by operating activities decreased by $29.7 million for the nine months ended September 25, 2025, compared to the same period in 2024, primarily due to an $18.7 million decrease in deferred revenue and a $7.3 million decrease in accounts receivable collections[180]. - Cash used by investing activities increased by $2.9 million for the nine months ended September 25, 2025, attributed to a $2.0 million increase in purchases of cost method investments and a $0.4 million increase in purchases of intangible assets[180]. - Cash used in financing activities increased by $27.4 million for the nine months ended September 25, 2025, mainly due to $10.0 million repayments of both the 2023 and 2025 Revolving Credit Facilities and an $8.2 million increase in dividend payments[180]. - As of September 25, 2025, NCM LLC owed NCM, Inc. $21.9 million in deferred available cash distributions[181]. - NCM, Inc. plans to utilize cash balances and future cash distributions to fund payments related to the TRA, stock repurchases, and future dividends, with the timing and amount at the discretion of the Board of Directors[182]. - The maximum capacity under the 2025 Credit Facility is $45.0 million, with a floating interest rate that could increase cash interest expense by approximately $0.5 million for a 100-basis point fluctuation if fully drawn[185]. - The company expects to make a TRA payment in 2026 for the 2025 tax year, following an estimated TRA payment in 2025 for the 2024 tax year[182]. Agreements and Ownership - The company has long-term exhibitor services agreements (ESAs) with a weighted average remaining term of 12.1 years as of September 25, 2025[125]. - On April 17, 2025, the company entered into a new agreement with AMC, extending the term of the ESA by five years and releasing $21.6 million of the 'Payable under the TRA'[128][129]. - Upon emerging from bankruptcy on August 7, 2023, NCM, Inc. regained 100.0% ownership of NCM LLC, which was reconsolidated into the financial statements[135]. - The company recorded a gain on bankruptcy of $916.4 million for the year ended December 26, 2024[134]. - NCM LLC recorded a gain on deconsolidation of $557.7 million during the second quarter of 2023 due to its Chapter 11 filing[132]. Accounting Policies - There were no significant changes in critical accounting policies as of September 25, 2025[183]. - The company does not anticipate that recent accounting pronouncements will have a material impact on its financial statements[184]. - The company will consider returning a portion of its free cash flow to stockholders, depending on various economic and financial factors[182].
Plus Therapeutics(PSTV) - 2025 Q3 - Quarterly Report
2025-10-30 20:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) DELAWARE 33-0827593 (State or other jurisdiction of incorporation or organization) 2710 REED ROAD, SUITE 160, HOUSTON, TX 77051 (A ...
SiriusPoint(SPNT) - 2025 Q3 - Quarterly Report
2025-10-30 20:20
Financial Performance - For the three months ended September 30, 2025, the core underwriting income was $69.6 million, compared to $62.5 million for the same period in 2024, reflecting a year-over-year increase of 11.3%[198] - The annualized return on average common shareholders' equity attributable to SiriusPoint common shareholders for the three months ended September 30, 2025, was 17.7%, a significant increase from 0.7% in the same period of 2024[198] - The company reported a net income of $90.7 million for the three months ended September 30, 2025, compared to $8.7 million in the same period of 2024, representing an increase of $82.0 million[208] - The core income for the nine months ended September 30, 2025, was $203.4 million, compared to $177.9 million for the same period in 2024, indicating a growth of 14.4%[198] - Segment income was $243.7 million for the nine months ended September 30, 2025, compared to $177.9 million for the same period in 2024[258] Underwriting and Premiums - The combined ratio for the three months ended September 30, 2025, was 85.9%, slightly higher than 84.4% for the same period in 2024[198] - For the nine months ended September 30, 2025, total underwriting income was $235.7 million, a decrease of $8.0 million from $243.7 million in the same period of 2024[208] - Gross premiums written increased by $181.1 million, or 26.2%, for the three months ended September 30, 2025 compared to the same period in 2024[248] - Net premiums written rose by $161.3 million, or 32.0%, for the three months ended September 30, 2025 compared to the same period in 2024[248] - Net premiums earned increased by $97.2 million, or 17.8%, for the three months ended September 30, 2025 compared to the same period in 2024[248] - Underwriting income improved by $22.0 million for the nine months ended September 30, 2025 compared to the same period in 2024, primarily driven by premium growth and improved attritional loss ratios[258] Investment Performance - The company aims to optimize risk-adjusted net investment income while maintaining a high-quality, diversified investment portfolio[194] - Net investment income and net realized and unrealized investment gains for the three months ended September 30, 2025, were $72.7 million, down from $92.5 million in the same period of 2024, reflecting a decrease due to a smaller asset base[219] - The total investments as of September 30, 2025, amounted to $5,587.2 million, a decrease from $5,705.5 million as of December 31, 2024[212] - The investment portfolio's average credit rating remained at "AA-" as of September 30, 2025, with no defaults reported[215] Catastrophe Losses - The company experienced a decrease in net underwriting results for the nine months ended September 30, 2025, primarily due to increased catastrophe losses from California wildfires[211] - Catastrophe losses increased by $51.2 million for the nine months ended September 30, 2025, driven by the California wildfires[259] - For the nine months ended September 30, 2025, net underwriting results decreased primarily due to increased catastrophe losses of $62.6 million, representing a 7.6 percentage point increase on the combined ratio, compared to $14.3 million or 1.8 percentage points for the same period in 2024[281] Shareholder Equity and Dividends - Total shareholders' equity increased to $2,211.0 million as of September 30, 2025, compared to $1,938.8 million at the end of 2024, driven by net income of $203.6 million[320] - SiriusPoint declared and paid dividends of $4.0 million and $12.0 million to Series B preference shareholders for the three and nine months ended September 30, 2025, consistent with the previous year[287] - As of September 30, 2025, the carrying value of Series B preference shares was $200.0 million, reflecting in shareholders' equity attributable to SiriusPoint shareholders[299] Cash Flow and Debt - For the nine months ended September 30, 2025, net cash provided by operating activities was $128.8 million, compared to a cash outflow of $33.0 million in the same period of 2024[308] - Cash flows from investing activities increased to $234.9 million for the nine months ended September 30, 2025, up from $140.4 million in 2024, driven by higher proceeds from sales and maturities of debt securities[308][310] - Cash flows used in financing activities for the nine months ended September 30, 2025 were $517.0 million, primarily due to $490.8 million in share repurchases[308][311] - Total debt as of September 30, 2025, was $682.5 million, an increase from $639.1 million as of December 31, 2024[295] Ratings and Compliance - The financial strength ratings from AM Best, Fitch, and S&P were affirmed with a Positive outlook, reflecting improved balance sheet strength and underwriting performance[197] - As of September 30, 2025, letters of credit issued amounted to $1,077.3 million, with compliance to all covenants under the facilities[301] - The Bermuda Solvency Capital Requirement (BSCR) ratio was 228% as of December 31, 2024, with an estimated ratio of 226% for the third quarter of 2025[289]
Healthcare Realty Trust rporated(HR) - 2025 Q3 - Quarterly Results
2025-10-30 20:20
3Q2025 Supplemental Information FURNISHED AS OF OCTOBER 30, 2025 - UNAUDITED FORWARD LOOKING STATEMENTS & RISK FACTORS This Supplemental Information report contains disclosures that are "forward-looking statements." Forward-looking statements include all statements that do not relate solely to historical or current facts and can be identified by the use of words such as "may," "will," "expect," "believe," "anticipate," "target," "intend," "plan," "estimate," "project," "continue," "should," "could," "budget ...
The Bancorp(TBBK) - 2025 Q3 - Quarterly Results
2025-10-30 20:20
Exhibit 99.1 Highlights 1 • The Bancorp reported net income of $54.9 million, or $1.18 per diluted share ("EPS"), for the quarter ended September 30, 2025, compared to net income of $51.5 million, or $1.04 per diluted share, for the quarter ended September 30, 2024, or an EPS increase of 13%. While net income increased 7% between these periods, outstanding shares were reduced as a result of share repurchases as detailed below. • Return on assets and return on equity for the quarter ended September 30, 2025, ...
Lumen(LUMN) - 2025 Q3 - Quarterly Report
2025-10-30 20:20
Table of Contents or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-7784 For the quarterly period ended September 30, 2025 LUMEN TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) Louisiana 72-0651161 (State or o ...
VICI(VICI) - 2025 Q3 - Quarterly Report
2025-10-30 20:20
Financial Performance - Total revenues for the three months ended September 30, 2025, were $1.01 billion, a 4.3% increase compared to $964.67 million for the same period in 2024[27]. - Net income attributable to common stockholders for the three months ended September 30, 2025, was $762.04 million, up 3.9% from $732.90 million in the same period last year[27]. - Net income for the nine months ended September 30, 2025, was $2,204,253, compared to $2,097,037 for the same period in 2024, reflecting an increase of approximately 5.2%[32]. - Comprehensive income attributable to common stockholders of $751.13 million for the three months ended September 30, 2025, compared to $726.39 million in the same period last year[27]. - Net income attributable to partners for Q3 2025 was $770.3 million, compared to $741.5 million in Q3 2024, reflecting a 3.9% year-over-year growth[40]. - Basic and diluted net income per Partnership unit for Q3 2025 was $0.71, up from $0.70 in Q3 2024[40]. - Net income for the nine months ended September 30, 2025, was $2,198,582, an increase of 5.2% compared to $2,090,562 in 2024[46]. Assets and Liabilities - Total assets increased to $46.54 billion as of September 30, 2025, up from $45.37 billion at December 31, 2024, representing a growth of 2.6%[24]. - Total liabilities as of September 30, 2025, were $18,422,479, slightly up from $18,400,872 as of December 31, 2024[37]. - Total stockholders' equity reached $28.10 billion as of September 30, 2025, compared to $26.95 billion at December 31, 2024, marking an increase of 4.3%[24]. - Total other assets amounted to $1,041,932,000, a slight increase from $1,030,644,000 as of December 31, 2024[136]. - Total other liabilities as of September 30, 2025, were $1,006,993,000, compared to $1,004,340,000 as of December 31, 2024[137]. Cash Flow and Investments - Cash provided by operating activities for the nine months ended September 30, 2025, was $1,818,047, compared to $1,737,401 for the same period in 2024, representing an increase of approximately 4.6%[32]. - The company reported a net cash used in investing activities of $765,460 for the nine months ended September 30, 2025, compared to $662,606 for the same period in 2024[32]. - Cash, cash equivalents, and restricted cash at the end of the period were $507,503, down from $524,615 at the beginning of the period[34]. - The company experienced a net decrease in cash of $17,112 for the nine months ended September 30, 2025[34]. - Total investments in loans and securities amounted to $786,360, compared to $473,727 in the prior year, representing a substantial increase of 66.1%[46]. Dividends and Stock - The company declared dividends of $0.4500 per common share for the quarter, totaling approximately $480.97 million[29]. - The company declared dividends of $0.4325 per common share, totaling $452,885 for the nine months ended September 30, 2025[32]. - The total outstanding common stock increased from 1,042,702,763 shares on January 1, 2024, to 1,068,808,694 shares by September 30, 2025, reflecting an issuance of 12,101,372 shares from forward sale agreements[189]. - Basic earnings per share (EPS) for the nine months ended September 30, 2025, was $2.05, compared to $1.98 for the same period in 2024, indicating a growth of approximately 3.5%[193]. - The company had approximately 9.0 million shares of common stock available for issuance under the 2017 Stock Incentive Plan as of September 30, 2025[197]. Lease and Rental Income - Total lease revenue for the nine months ended September 30, 2025, was $2.75 billion, compared to $2.69 billion for the same period in 2024, reflecting a year-over-year increase of 2.2%[110]. - Revenue from lease agreements with MGM represented 38% of total lease revenues for the three and nine months ended September 30, 2025 and 2024[96]. - Contractual rent from lease agreements with Caesars represented 36% of total lease revenues for the three and nine months ended September 30, 2025 and 2024[96]. - Properties on the Las Vegas Strip generated approximately 49% of total lease revenues for the three and nine months ended September 30, 2025[97]. - Income from sales-type leases for the three months ended September 30, 2025, was $503.0 million, an increase from $494.6 million in the same period in 2024[110]. Credit Losses and Allowances - The company reported a change in allowance for credit losses of $(20.15) million for the three months ended September 30, 2025, compared to $(31.63) million in the same period last year[27]. - The allowance for credit losses as of September 30, 2025, is $1,612,244,000, representing 3.41% of the total amortized cost of $47,291,029,000[127]. - The company recognized a $20.2 million decrease in the allowance for credit losses during the three months ended September 30, 2025, primarily due to reduced equity market volatility[128]. - The CECL allowance for unfunded commitments was $9,684,000 as of September 30, 2025, slightly up from $9,482,000 as of December 31, 2024[137]. Debt and Financing - The total debt as of September 30, 2025, was $17,097,906,000, with a carrying value of $16,762,660,000[139]. - The company had CAD borrowings of $125,720,000 and GBP borrowings of $22,186,000, both maturing on February 3, 2029[139]. - The outstanding senior unsecured notes include $2.25 billion from November 2019 Notes, $1.75 billion from February 2020 Notes, and $4.50 billion from April 2022 Notes, among others[146]. - The company recorded an unrealized loss of $2,714,000 in other comprehensive income for the three months ended September 30, 2024[163]. - The company has the option to redeem senior unsecured notes at specified prices prior to maturity, subject to certain conditions[148]. Risk Management - The company is exposed to risks in equity and debt capital markets, impacting its ability to raise capital and finance operations[274]. - Foreign currency exchange risk is managed by borrowing in the currencies of foreign investments, providing a natural hedge[275]. - The company actively monitors interest rate risks and may use interest rate swap agreements to mitigate potential impacts[273]. - The company may utilize derivative financial instruments to mitigate foreign currency risk in the future[275]. Corporate Governance - As of September 30, 2025, the company is not subject to any litigation that could materially affect its business or financial condition[172]. - The CEO reviews the consolidated income statement monthly, focusing on revenue and expense changes compared to prior periods[201]. - The company operates as a single reportable segment focused on real estate investment activities, with performance assessed using consolidated net income[200].
Virtu Financial(VIRT) - 2025 Q3 - Quarterly Report
2025-10-30 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-37352 Virtu Financial, Inc. (Exact name of registrant as specified in its charter) Delaware 32-0420206 (State or other ju ...
SiriusPoint(SPNT) - 2025 Q3 - Quarterly Results
2025-10-30 20:19
SiriusPoint Ltd. Financial Supplement September 30, 2025 (UNAUDITED) This financial supplement is for informational purposes only. It should be read in conjunction with documents filed with the Securities and Exchange Commission by SiriusPoint Ltd., including the Company's Quarterly Report on Form 10-Q. Point Building Liam Blackledge - Investor Relations and Strategy Manager 3 Waterloo Lane Tel: + 44 203 772 3082 Pembroke HM 08 Email: investor.relations@siriuspt.com Bermuda Website: www.siriuspt.com SiriusP ...
Bright Horizons Family Solutions(BFAM) - 2025 Q3 - Quarterly Results
2025-10-30 20:18
Exhibit 99.1 Bright Horizons Family Solutions Reports Financial Results for the Third Quarter of 2025 NEWTON, MA - (BUSINESS WIRE) - October 30, 2025 - Bright Horizons Family Solutions Inc. (NYSE: BFAM) today announced financial results for the third quarter of 2025 and provided updated financial guidance for 2025. Bright Horizons is a leading provider of high-quality early education and child care, family care solutions, and workforce education services designed to support working families and client emplo ...