UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------------- FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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: 1-12273 ROPER TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) ------------------ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 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: 000-50175 DORCHESTER MINERALS, L.P. (Exact name of registrant as specified in its charter) Delaware 81-0551518 (I.R.S. Employer I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 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 001-40430 FLYWIRE CORPORATION (Exact name of registrant as specified in its charter) Delaware 27-0690799 (State or other jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 For the fiscal year ended December 31, 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 001-31940 F.N.B. CORPORATION | (Exact name of registrant as specified in its charter) | | | --- | --- | | Pennsylvania | 25-125540 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________________________ FORM 10-K ________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o 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: 001-38672 __________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 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: 001-33480 CLEAN ENERGY FUELS CORP. (Exact name of registrant as specified in its charter) Delaware 33-0968580 (State ...

Company Overview - Resideo serves over 150 million residential and commercial spaces globally, with tens of millions of new devices sold annually[12]. - As of December 31, 2025, Resideo employed approximately 14,800 employees across 35 countries, with about 4,100 in the U.S. and 6,400 in Mexico[25]. - The company operates through two segments: Products and Solutions and ADI Global Distribution, serving both residential and commercial markets[166]. - The company has a global footprint with solutions found in over 150 million spaces and tens of millions of new devices sold annually[165]. Financial Performance - Net revenue for 2025 was $7.47 billion, an increase of 10.5% from $6.76 billion in 2024[171]. - Gross profit margin improved to 29.4%, compared to 28.1% in the prior year[171]. - Income from operations was $607 million, or 8.1% of revenue, up from $520 million, or 7.7% of revenue in 2024[171]. - Fully diluted earnings per share were $(3.77), a decrease from $0.61 per share in the same period last year[171]. - ADI Global Distribution net revenue was $4,784 million, an increase of $587 million, or 14.0%, driven by the Snap One acquisition and higher sales volumes[202]. - Products and Solutions net revenue was $2,688 million, an increase of $124 million, or 4.8%, primarily due to favorable pricing and mix[198]. - Total cash and cash equivalents as of December 31, 2025 were $661 million, with 33% held by foreign subsidiaries, indicating strong liquidity[206]. Strategic Initiatives - The company plans to separate its ADI Global Distribution segment through a tax-free spin-off to shareholders, expected to be completed by July 30, 2025[15]. - The proposed ADI Spin-Off is expected to be completed in the second half of 2026, subject to various conditions including final approval from the Resideo Board of Directors and necessary regulatory approvals[96]. - The company is in the process of consolidating and integrating enterprise systems following the acquisition of Snap One, which has faced implementation delays[84]. - The company is pursuing acquisitions to enhance its business, but may face challenges in finding suitable candidates or integrating them effectively[62]. Market and Competitive Landscape - The company operates in highly competitive markets with significant pressures from product and service innovation, customer relationships, and pricing strategies[47]. - The company’s ability to develop and market new technologies is crucial for future growth, with a focus on identifying consumer preferences and maintaining competitive products[54]. - The company faces potential legal challenges related to intellectual property, which could divert management's attention and resources[57]. - The company’s financial performance may be impacted by the inability to meet changing customer demands or by competitors introducing superior technologies[51]. Regulatory and Compliance Risks - The company faces increasing compliance obligations and costs due to evolving AI regulations, which may delay product launches[68]. - The company faces risks related to compliance with a broad range of environmental, health, and safety regulations, which could lead to significant costs and liabilities[101]. - The company may face increased costs and operational challenges due to stricter regulations on data privacy and cybersecurity in various markets[78]. - The company is subject to various legal and regulatory claims that may arise in the normal course of business, potentially leading to substantial costs[107]. Operational Challenges - The company relies on third-party suppliers for product components, and disruptions in the supply chain could adversely affect its financial condition and results of operations[59]. - The company operates six manufacturing facilities in northern Mexico, which may face disruptions due to civil unrest or trade disputes with the U.S.[79]. - The company operates six manufacturing facilities in Mexico, which are vulnerable to natural disasters that could disrupt operations and affect financial results[95]. - Economic weakness and market trends could negatively impact sales growth and operational results, particularly in the new construction and repair sectors[72]. Employee and Talent Management - The company has a robust recruiting model aimed at attracting diverse talent and has eliminated degree requirements for most professional roles[26]. - Resideo's commitment to employee development includes access to LinkedIn Learning and a formal mentor program[28]. Innovation and Technology - Resideo owns over 2,900 active patents and pending patent applications to protect its research and development investments in new products and services[39]. - The company utilizes AI in its products to enhance customer insights, but faces risks related to privacy, data management, and competition in the smart home market[65][66]. - The company’s future growth is contingent upon its ability to innovate and respond to market changes, including the integration of AI technologies[54]. Financial Obligations and Governance - The company has a substantial amount of debt with restrictive covenants that limit its operational flexibility and ability to raise additional capital[119]. - The company may require additional capital in the future for growth, acquisitions, and operational needs, which could be impacted by market conditions[120]. - The company has never declared or paid cash dividends on common stock and plans to retain future earnings for business operations and growth[159]. - The stock price has been volatile, influenced by various factors including operating results and market conditions, which may affect shareholder value[123]. - The company’s governance documents may discourage takeovers, potentially limiting strategic options for shareholders[130].

Table of Contents 2025 Annual Report Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or (State or other jurisdiction of incorporation or organization) 2590 Orchard Parkway San Jose, CA 95131 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K Washington, D.C. 20549 __________________________ ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Brighthouse Financial, Inc. (Exact name of registrant as specified in its charter) | Delaware | 81-3846992 | | --- | --- | | (State or other jurisdiction of incorporation or orga ...

Assets Under Management (AUM) - Total Assets Under Management (AUM) for Annuities segment increased to $152.745 billion in 2025 from $149.120 billion in 2024, reflecting a growth of approximately 1.8%[29] - Life segment AUM rose to $15.821 billion in 2025, up from $15.751 billion in 2024, indicating a slight increase of 0.4%[29] - Run-off segment AUM remained stable at $26.900 billion in 2025 compared to $26.370 billion in 2024, showing a marginal increase of 2.0%[29] - Corporate & Other segment AUM decreased to $10.691 billion in 2025 from $11.782 billion in 2024, representing a decline of approximately 9.2%[29] Insurance Liabilities - Total insurance liabilities for annuity products reached $138.737 billion in 2025, compared to $138.210 billion in 2024, marking a growth of 0.4%[32] - The total insurance liabilities for life insurance products increased from $15,455 million in 2024 to $16,043 million in 2025, reflecting a growth of approximately 3.8%[82] - The total insurance liabilities for the Run-off segment increased from $26,880 million in 2024 to $26,885 million in 2025, indicating a slight growth[95] Revenue and Fees - Variable annuity contracts generated fee revenue of $2.5 billion in 2025, down from $2.6 billion in 2024, reflecting a decrease of approximately 3.8%[44] Product Innovations - New product innovations include Shield Annuities, which combine features of both variable and fixed annuities, aimed at enhancing customer wealth accumulation[34] - The company plans to focus on selling the new suite of Shield Annuity products alongside variable annuities with GMWBs and GMDBs only[56] - The company launched Brighthouse SmartGuard Plus, an index-linked universal life product, in 2023, which includes a guaranteed distribution rider[86] Risk Management - The company aims to maintain a strong capital base and excess liquidity to support financial strength ratings and mitigate risks from market disruptions[27] - The company continues to focus on disciplined risk selection and innovative product design to achieve risk-adjusted return objectives in the Annuities segment[33] - The company has established controls around underwriting and pricing processes, including regular experience studies and formal new product approval processes[89] - The company retains liability up to $20 million per life under its reinsurance agreements, with the reinsurer responsible for amounts in excess[100] - The company utilizes affiliated reinsurance arrangements through Brighthouse Reinsurance Company of Delaware (BRCD) to manage capital and risk exposures, enhancing operational flexibility[107] Sales and Distribution - The distribution of annuity sales by independent financial planners accounted for 57% of total sales for the year ended December 31, 2025[115] - Life insurance sales were predominantly distributed through financial intermediaries, contributing 88% of total life insurance sales for the year ended December 31, 2025[116] - The top five distributors of annuity products generated 15%, 13%, 12%, 11%, and 7% of total deposits for the year ended December 31, 2025[115] - The company has a diverse distribution network with over 400 partners, allowing for maximized market penetration without incurring fixed costs[110] Regulatory Compliance - Regulatory compliance is maintained through detailed annual financial statements filed with insurance regulatory authorities in each jurisdiction where the company operates[124] - In August 2025, the NAIC adopted Actuarial Guideline LV ("AG 55") for asset adequacy testing, effective for year-end 2025 reporting, which may impact future business operations[130] - The NAIC established a new principle-based reserving framework for non-variable annuities, effective January 1, 2026, with a three-year implementation period[131] - The NAIC is updating the methodology for determining RBC on collateralized loan obligations, with changes delayed until December 31, 2026[134] - The NAIC adopted a group capital calculation tool in 2022 to assess group risks and capital adequacy, though its future implications remain uncertain[140] - The NYDFS amended Insurance Regulation 47, effective January 1, 2023, impacting the competitive landscape for annuity products in New York[151] - The NYDFS Cybersecurity Regulation amendments, effective in phases from November 1, 2023, impose new compliance obligations regarding cybersecurity risk management[154] - The adequacy of statutory reserves must be annually analyzed by qualified actuaries, ensuring they meet anticipated cash flow obligations[149] - Regulatory examinations by state insurance departments have not resulted in material adverse findings in recent years, although future findings cannot be guaranteed[146] Employee and Community Engagement - The company holds approximately 1,400 employees as of December 31, 2025, emphasizing the importance of human capital resources[196] - The company offers a 401(k) savings plan with matching contributions and an Employee Stock Purchase Plan for employees[202] - The company conducts annual pay equity reviews to ensure compensation is based on performance and other non-discriminatory factors[202] - The company is committed to fostering an inclusive workplace to attract and retain talent, recognizing the value of diverse backgrounds and perspectives[204] - The company provides various learning and development opportunities, including mentorship programs and access to education sessions[203] - Brighthouse Financial established the Brighthouse Financial Foundation in 2017 to improve financial security and opportunities in communities, providing resources to tax-exempt organizations[206] - The company launched Brighthouse Scholar Connections, Inc. in 2022 to offer scholarships to historically underrepresented or disadvantaged students, with employees serving as mentors[206] Leadership and Governance - Brighthouse Financial's executive team includes Eric T. Steigerwalt as President and CEO since August 2017, with extensive experience in leadership roles at MetLife and Brighthouse[208] - The company relies on a combination of contractual rights and intellectual property laws to protect its trademarks, including the name "Brighthouse Financial" and its logo[209] - Brighthouse Financial's Investor Relations website serves as a key channel for distributing material information, including SEC filings and financial reports[211] - The company emphasizes the importance of monitoring its website for material disclosures in compliance with SEC regulations[212] - Brighthouse Financial cautions against relying on forward-looking statements, highlighting the risks and uncertainties associated with such statements[214] - The company encourages investors to review important information shared on its Investor Relations website, including press releases and statutory filings[19] - Brighthouse Financial's executive team includes experienced professionals with backgrounds in finance, human resources, and marketing, contributing to the company's strategic direction[208] Financial Regulations and Taxation - The Inflation Reduction Act establishes a 15% corporate alternative minimum tax (CAMT) for corporations with average annual adjusted financial statement income exceeding $1.0 billion[183] - The company assessed that it was not subject to the CAMT for the years ended December 31, 2025, 2024, and 2023, but will continue to evaluate its applicability annually[185] - The Dodd-Frank Act imposes mandatory clearing and margin requirements for certain over-the-counter derivatives, increasing costs for risk mitigation[188] - The company faces increased costs and reduced income due to higher margin requirements and capital charges under Dodd-Frank regulations[188] - The California Climate Corporate Data Accountability Act requires companies with annual revenues exceeding $1.0 billion to report Scope 1 and 2 greenhouse gas emissions starting in 2026[191]