Exhibit 99.1 Lands' End Announces Second Quarter 2025 Results Increased gross margin approximately 90 basis points Reduced inventory for the ninth consecutive quarter DODGEVILLE, Wis., September 9, 2025 (GLOBE NEWSWIRE) – Lands' End, Inc. (NASDAQ: LE) today announced financial results for the second quarter ended August 1, 2025. Andrew McLean, Chief Executive Officer, stated: "As we reflect on the past several months – including the second and into the third quarter – we're seeing clear, encouraging momentu ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the quarterly period ended August 2, 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 ________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-41140 SAMSARA INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

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 August 2, 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 001-32545 DESIGNER BRANDS INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 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: 001-38960 Skillsoft Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

[Executive Summary & Company Overview](index=1&type=section&id=Executive%20Summary%20%26%20Company%20Overview) [Company Introduction](index=1&type=section&id=Company%20Introduction) InnovAge Holding Corp provides comprehensive healthcare for frail seniors through the PACE program and announced its fiscal 2025 results - InnovAge (Nasdaq: INNV) is an industry leader in providing comprehensive healthcare programs to frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE)[2](index=2&type=chunk) - The company announced financial results for its fiscal fourth quarter and full year ended June 30, 2025[2](index=2&type=chunk) [CEO Statement](index=1&type=section&id=CEO%20Statement) The CEO highlighted fiscal 2025's success and expressed confidence for continued momentum into fiscal 2026 - Patrick Blair, CEO, stated that 'Fiscal 2025 was a strong year The combination of **responsible growth, financial discipline, clinical performance, and compliance execution** is what gives us confidence in the durability of our progress'[3](index=3&type=chunk) - The company expects Fiscal 2026 to continue that momentum[3](index=3&type=chunk) [Fiscal Year 2025 Financial Performance Highlights](index=1&type=section&id=Fiscal%20Year%202025%20Financial%20Performance%20Highlights) [GAAP Financial Performance](index=1&type=section&id=GAAP%20Financial%20Performance) The company reported an 11.8% revenue increase to $853.7 million but saw its net loss widen by 52% to $35.3 million | Metric | FY2025 (in millions) | FY2024 (in millions) | YoY Change (%) | | :-------------------------- | :------------------- | :------------------- | :------------- | | Total revenues | $853.7 | $763.9 | 11.8% | | Loss Before Income Taxes | $(34.0) | $(21.8) | 56.0% | | Net Loss | $(35.3) | $(23.2) | 52.0% | | Net Loss margin | (4.1)% | (3.0)% | 1.1 pp | | Net Loss per share | $(0.22) | $(0.16) | - | | Net Loss Attributable to InnovAge Holding Corp. | $(30.3) | $(21.3) | - | [Non-GAAP Financial Performance](index=2&type=section&id=Non-GAAP%20Financial%20Performance) Non-GAAP metrics showed strong growth, with Adjusted EBITDA more than doubling and participant census increasing | Metric | FY2025 (in millions) | FY2024 (in millions) | YoY Change (%) | | :-------------------------------- | :------------------- | :------------------- | :------------- | | Center-level Contribution Margin | $153.6 | $132.1 | 16.3% | | Center-level Contribution Margin as % of revenue | 18.0% | 17.3% | 0.7 pp | | Adjusted EBITDA | $34.5 | $16.5 | 109.1% | | Adjusted EBITDA margin | 4.0% | 2.2% | 1.8 pp | - Census increased to approximately **7,740 participants** in FY2025 compared to 7,020 participants in FY2024[8](index=8&type=chunk) [Fiscal Year 2026 Financial Guidance](index=2&type=section&id=Fiscal%20Year%202026%20Financial%20Guidance) The company projects FY2026 revenues of $900-$950 million and Adjusted EBITDA of $56-$65 million | Metric | Low (in millions) | High (in millions) | | :------------------ | :---------------- | :---------------- | | Census | 7,900 | 8,100 | | Total Member Months | 91,600 | 94,400 | | Total revenues | $900 | $950 | | Adjusted EBITDA | $56 | $65 | - Total Member Months are defined as the total number of participants multiplied by the number of months within a year in which each participant was enrolled in the program, serving as a precise metric for participant tracking[7](index=7&type=chunk) - The company is unable to provide guidance for net loss or a reconciliation of Adjusted EBITDA guidance due to the inherent difficulty in forecasting and quantifying certain reconciling items without unreasonable effort[7](index=7&type=chunk) [About InnovAge](index=3&type=section&id=About%20InnovAge) InnovAge is a market leader in PACE programs, serving approximately 7,740 participants across 20 centers in six states - InnovAge is a market leader in managing the care of high-cost, frail, and predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE)[11](index=11&type=chunk) - The company's mission is to enable older adults to age independently in their own homes for as long as safely possible[11](index=11&type=chunk) - As of June 30, 2025, InnovAge served approximately **7,740 participants across 20 centers in six states**[11](index=11&type=chunk) [Forward-Looking Statements - Safe Harbor](index=3&type=section&id=Forward-Looking%20Statements%20-%20Safe%20Harbor) This section details risks and uncertainties associated with forward-looking statements and directs readers to SEC filings - Forward-looking statements are identified by specific terminology (e.g, 'anticipate,' 'expect,' 'project') and relate to future operating or financial performance, not strictly historical facts[12](index=12&type=chunk) - These statements are based on current information, beliefs, expectations, and assumptions, but are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and outside of the company's control[13](index=13&type=chunk) - Important factors that could cause actual results to differ materially include the viability of growth strategy, ability to integrate acquisitions, macroeconomic challenges, government inspections, legal proceedings, dependence on government payors, and regulatory developments[13](index=13&type=chunk) [Note Regarding Use of Non-GAAP Financial Measures](index=4&type=section&id=Note%20Regarding%20Use%20of%20Non-GAAP%20Financial%20Measures) [Definition of Center-level Contribution Margin](index=4&type=section&id=Definition%20of%20Center-level%20Contribution%20Margin) This non-GAAP measure assesses segment performance by subtracting direct care costs from revenues - Center-level Contribution Margin is a non-GAAP measure used by management for assessing operating segment performance and allocating resources, particularly in budgeting and forecasting[16](index=16&type=chunk) - It is defined as total revenues less external provider costs and cost of care, excluding depreciation and amortization, encompassing all medical and pharmacy costs[17](index=17&type=chunk) - Sales and marketing expense or corporate, general and administrative expenses are not allocated across centers for the purpose of evaluating Center-level Contribution Margin[16](index=16&type=chunk) [Definition of Adjusted EBITDA](index=5&type=section&id=Definition%20of%20Adjusted%20EBITDA) Adjusted EBITDA is a non-GAAP measure calculated by adjusting net loss for specific non-cash and non-recurring items - Adjusted EBITDA is defined as net loss adjusted for interest expense, net, other investment income, depreciation and amortization, and provision (benefit) for income tax[18](index=18&type=chunk) - It includes addbacks for non-recurring or exceptional items such as management equity compensation, litigation costs and settlement, M&A diligence, transaction and integration, business optimization, EMR implementation, gain (loss) on cost and equity method investments, asset impairments, and loss on sale of assets[18](index=18&type=chunk) - Adjusted EBITDA margin is Adjusted EBITDA expressed as a percentage of total revenue[18](index=18&type=chunk) [Condensed Consolidated Financial Statements](index=6&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Balance Sheets](index=6&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet shows total assets of $526.9 million and total stockholders' equity of $237.9 million as of June 30, 2025 | Item | June 30, 2025 (in thousands) | June 30, 2024 (in thousands) | YoY Change (in thousands) | | :-------------------------------- | :--------------------------- | :--------------------------- | :------------------------ | | Total Assets | $526,851 | $547,661 | $(20,810) | | Total Liabilities | $263,943 | $247,853 | $16,090 | | Total Stockholders' Equity | $237,898 | $277,608 | $(39,710) | | Cash and cash equivalents | $64,129 | $56,946 | $7,183 | | Accounts receivable, net | $36,373 | $48,106 | $(11,733) | | Property and equipment, net | $168,044 | $193,022 | $(24,978) | | Goodwill | $142,046 | $139,949 | $2,097 | | Accounts payable and accrued expenses | $76,750 | $55,459 | $21,291 | | Long-term debt, net | $57,464 | $61,478 | $(4,014) | [Condensed Consolidated Statements of Operations](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) The company's statement of operations reveals an increased net loss of $35.3 million on revenues of $853.7 million for FY2025 | Item | Year Ended June 30, 2025 (in thousands) | Year Ended June 30, 2024 (in thousands) | YoY Change (in thousands) | | :------------------------------------ | :-------------------------------------- | :-------------------------------------- | :------------------------ | | Total revenues | $853,699 | $763,855 | $89,844 | | Total expenses | $883,460 | $787,035 | $96,425 | | Operating Loss | $(29,761) | $(23,180) | $(6,581) | | Loss Before Income Taxes | $(34,027) | $(21,819) | $(12,208) | | Net Loss | $(35,343) | $(23,221) | $(12,122) | | Net Loss Attributable to InnovAge Holding Corp. | $(30,313) | $(21,338) | $(8,975) | | Net loss per share - basic and diluted | $(0.22) | $(0.16) | $(0.06) | [Condensed Consolidated Statements of Cash Flows](index=9&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities improved significantly to $32.9 million, leading to a $7.2 million increase in total cash | Item | Year Ended June 30, 2025 (in thousands) | Year Ended June 30, 2024 (in thousands) | YoY Change (in thousands) | | :------------------------------------------ | :-------------------------------------- | :-------------------------------------- | :------------------------ | | Net cash provided by (used in) operating activities | $32,866 | $(36,898) | $69,764 | | Net cash used in investing activities | $(5,550) | $(26,373) | $20,823 | | Net cash used in financing activities | $(19,082) | $(7,034) | $(12,048) | | INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS & RESTRICTED CASH | $7,180 | $(70,305) | $77,485 | | CASH, CASH EQUIVALENTS & RESTRICTED CASH, END OF PERIOD | $64,140 | $56,960 | $7,180 | [Reconciliation of GAAP and Non-GAAP Measures](index=11&type=section&id=Reconciliation%20of%20GAAP%20and%20Non-GAAP%20Measures) [Adjusted EBITDA Reconciliation](index=11&type=section&id=Adjusted%20EBITDA%20Reconciliation) Net loss is reconciled to Adjusted EBITDA, which rose to $34.5 million in FY2025, driven by adjustments for litigation and impairments | Item | Year Ended June 30, 2025 (in thousands) | Year Ended June 30, 2024 (in thousands) | YoY Change (in thousands) | | :------------------------------------ | :-------------------------------------- | :-------------------------------------- | :------------------------ | | Net Loss | $(35,343) | $(23,221) | $(12,122) | | Interest expense, net | $4,612 | $4,023 | $589 | | Depreciation and amortization | $19,510 | $18,950 | $560 | | Provision for income tax | $1,316 | $1,402 | $(86) | | Stock-based compensation | $7,619 | $6,832 | $787 | | Litigation costs and settlement | $19,367 | $4,878 | $14,489 | | M&A diligence, transaction and integration | $1,360 | $778 | $582 | | Business optimization | $3,040 | $4,399 | $(1,359) | | EMR implementation | $0 | $3,660 | $(3,660) | | Loss (gain) on cost and equity method investments | $1,393 | $(2,842) | $4,235 | | Asset impairments and loss on assets held for sale | $13,615 | $0 | $13,615 | | Adjusted EBITDA | $34,462 | $16,474 | $17,988 | | Adjusted EBITDA margin | 4.0% | 2.2% | 1.8 pp | - Litigation costs for FY2025 include **$10.1 million accrued** in connection with the potential settlement of a previously disclosed stockholder class action[24](index=24&type=chunk) - Asset impairments for FY2025 include a **$2.6 million impairment loss** for the investment in DispatchHealth Holdings Inc and charges related to halting developments for a planned de novo center in Louisville, Kentucky[26](index=26&type=chunk)[32](index=32&type=chunk) [Center-Level Contribution Margin Reconciliation](index=13&type=section&id=Center-Level%20Contribution%20Margin%20Reconciliation) Total revenues are reconciled to Center-Level Contribution Margin, which grew to $153.6 million in FY2025 | Item | Year Ended June 30, 2025 (in thousands) | Year Ended June 30, 2024 (in thousands) | YoY Change (in thousands) | | :------------------------------------ | :-------------------------------------- | :-------------------------------------- | :------------------------ | | Total revenues | $853,699 | $763,855 | $89,844 | | External provider costs | $431,152 | $403,010 | $28,142 | | Cost of care, excluding depreciation and amortization | $268,908 | $228,781 | $40,127 | | Center-Level Contribution Margin | $153,639 | $132,064 | $21,575 | | Center-Level Contribution Margin as a % of revenue | 18.0% | 17.3% | 0.7 pp | - Capitation revenue, the primary component of total revenues, increased to **$852.35 million** in FY2025 from $762.57 million in FY2024[33](index=33&type=chunk) - The 'All other' segment, primarily Senior Housing, contributed **$0.99 million to total revenues** and **$0.42 million to Center-Level Contribution Margin** in FY2025[34](index=34&type=chunk)

[Second Quarter 2025 Results Overview](index=1&type=section&id=1.%20Second%20Quarter%202025%20Results%20Overview) [Key Financial Highlights](index=1&type=section&id=1.1.%20Key%20Financial%20Highlights) GameStop Corp reported Q2 fiscal 2025 results with significant improvements in net sales, operating income, and net income year-over-year, alongside a substantial increase in cash and digital asset holdings Key Financial Data for Q2 FY2025 | Metric | Q2 2025 (Millions $) | Q2 2024 (Millions $) | YoY Change | | :-------------------------------- | :------------------- | :------------------- | :--------- | | Net Sales | 972.2 | 798.3 | +21.8% | | SG&A Expenses | 218.8 | 270.8 | -19.2% | | Operating Income (Loss) | 66.4 | (22.0) | N/A (Turned to profit from loss) | | Adjusted Operating Income (Loss) | 64.7 | (31.6) | N/A (Turned to profit from loss) | | Net Income | 168.6 | 14.8 | +1039.2% | | Adjusted Net Income | 138.3 | 5.2 | +2560.0% | | Cash, Cash Equivalents & Marketable Securities | 8,700.0 | 4,200.0 | +107.1% | | Bitcoin Holdings | 528.6 | N/A | N/A | [Non-GAAP Measures and Other Metrics](index=1&type=section&id=2.%20Non-GAAP%20Measures%20and%20Other%20Metrics) [Definition and Purpose](index=1&type=section&id=2.1.%20Definition%20and%20Purpose) GameStop utilizes non-GAAP metrics to offer additional insight into core operating performance by excluding specific items like transformation costs and asset impairments - GameStop uses non-GAAP measures (Adjusted SG&A, Operating Income/Loss, Net Income/Loss, EPS, Adjusted EBITDA, Free Cash Flow) to supplement GAAP results, providing insight into core operating performance by excluding items like transformation costs, asset impairments, unrealized gains/losses on digital assets, and severance[5](index=5&type=chunk)[28](index=28&type=chunk)[37](index=37&type=chunk) - Free cash flow, defined as net cash flow from operating activities less capital expenditures, is considered a key financial indicator of the company's ability to generate additional cash from its business operations[5](index=5&type=chunk)[35](index=35&type=chunk) [Limitations of Non-GAAP Measures](index=13&type=section&id=2.2.%20Limitations%20of%20Non-GAAP%20Measures) Non-GAAP measures have limitations as they exclude key financial components and may not be comparable to other companies' metrics - Non-GAAP measures have limitations, including not reflecting the company's capital costs and tax structure, cash requirements for capital expenditures or contractual commitments, changes in or cash requirements for working capital needs, and cash requirements for replacing depreciated and amortized assets[37](index=37&type=chunk)[39](index=39&type=chunk) - The company acknowledges its non-GAAP definitions may not be comparable to those of other companies in the industry and emphasizes these measures should not be considered in isolation or as a substitute for GAAP-reported results[38](index=38&type=chunk) [Condensed Consolidated Financial Statements](index=3&type=section&id=3.%20Condensed%20Consolidated%20Financial%20Statements) [Condensed Statements of Operations](index=3&type=section&id=3.1.%20Condensed%20Statements%20of%20Operations) The statements detail revenue, costs, and profitability for the three and twenty-six-week periods, highlighting significant improvements in net sales and gross profit [Three Months Ended August 2, 2025 and August 3, 2024](index=3&type=section&id=3.1.1.%20Three%20Months%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) In Q2 2025, GameStop saw substantial net sales growth and a significant profitability turnaround, moving from an operating loss to positive operating income Condensed Statements of Operations (Three Months) | Metric | 13 Weeks Ended Aug 2, 2025 (Millions $) | 13 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | | Net Sales | 972.2 | 798.3 | +21.8% | | Cost of Sales | 689.1 | 549.5 | +25.4% | | Gross Profit | 283.1 | 248.8 | +13.8% | | SG&A Expenses | 218.8 | 270.8 | -19.2% | | Operating Income (Loss) | 66.4 | (22.0) | N/A (Turned to profit from loss) | | Net Income | 168.6 | 14.8 | +1039.2% | | Basic Income per Share | 0.38 | 0.04 | +850.0% | | Diluted Income per Share | 0.31 | 0.04 | +675.0% | [Twenty-Six Weeks Ended August 2, 2025 and August 3, 2024](index=4&type=section&id=3.1.2.%20Twenty-Six%20Weeks%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) For the first half of fiscal 2025, GameStop achieved modest net sales growth and a significant improvement in overall profitability, turning a net loss into net income Condensed Statements of Operations (Twenty-Six Weeks) | Metric | 26 Weeks Ended Aug 2, 2025 (Millions $) | 26 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | | Net Sales | 1,704.6 | 1,680.1 | +1.5% | | Cost of Sales | 1,168.7 | 1,186.8 | -1.5% | | Gross Profit | 535.9 | 493.3 | +8.6% | | SG&A Expenses | 446.9 | 565.9 | -21.0% | | Operating Income (Loss) | 55.6 | (72.6) | N/A (Turned to profit from loss) | | Net Income (Loss) | 213.4 | (17.5) | N/A (Turned to profit from loss) | | Basic Income (Loss) per Share | 0.48 | (0.05) | N/A (Turned to profit from loss) | | Diluted Income (Loss) per Share | 0.42 | (0.05) | N/A (Turned to profit from loss) | [Condensed Statements of Operations by Segment](index=5&type=section&id=3.2.%20Condensed%20Statements%20of%20Operations%20by%20Segment) This section details operating performance by geographic segment for the three and twenty-six-week periods, highlighting regional contributions to net sales and operating income [Three Months Ended August 2, 2025 and August 3, 2024](index=5&type=section&id=3.2.1.%20Three%20Months%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) In Q2 2025, the U.S. segment drove significant growth in net sales and operating income, while Australia also saw increases and Europe reported an operating loss Statements of Operations by Segment (Three Months) | Segment | Q2 2025 Net Sales (Millions $) | Q2 2024 Net Sales (Millions $) | YoY Change | Q2 2025 Operating Income (Loss) (Millions $) | Q2 2024 Operating Loss (Millions $) | | :-------- | :----------------------------- | :----------------------------- | :--------- | :------------------------------------------- | :---------------------------------- | | United States | 724.6 | 545.6 | +32.8% | 63.7 | (1.5) | | Canada | — | 37.7 | -100.0% | — | (4.2) | | Australia | 140.9 | 87.8 | +60.5% | 6.0 | (5.9) | | Europe | 106.7 | 127.2 | -16.2% | (3.3) | (10.4) | | Total | 972.2 | 798.3 | +21.8% | 66.4 | (22.0) | - The company divested its operations in Canada during the second quarter of fiscal 2025, resulting in no reported sales or operating income for the segment in Q2 2025[30](index=30&type=chunk)[32](index=32&type=chunk) [Twenty-Six Weeks Ended August 2, 2025 and August 3, 2024](index=6&type=section&id=3.2.2.%20Twenty-Six%20Weeks%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) In the first half of 2025, the U.S. segment showed strong net sales growth and a significant turnaround to operating income, while asset impairments were recorded for divestitures Statements of Operations by Segment (Twenty-Six Weeks) | Segment | YTD 2025 Net Sales (Millions $) | YTD 2024 Net Sales (Millions $) | YoY Change | YTD 2025 Operating Income (Loss) (Millions $) | YTD 2024 Operating Loss (Millions $) | | :-------- | :------------------------------ | :------------------------------ | :--------- | :-------------------------------------------- | :----------------------------------- | | United States | 1,262.1 | 1,162.9 | +8.5% | 97.3 | (26.9) | | Canada | 38.2 | 80.3 | -52.4% | (22.2) | (8.6) | | Australia | 222.8 | 167.4 | +33.1% | 0.6 | (14.0) | | Europe | 181.5 | 269.5 | -32.6% | (20.1) | (23.1) | | Total | 1,704.6 | 1,680.1 | +1.5% | 55.6 | (72.6) | - Asset impairments of **$33.4 million** were incurred due to plans to divest operations in Canada and France, with the Canadian divestiture completed in Q2 fiscal 2025[15](index=15&type=chunk)[30](index=30&type=chunk)[32](index=32&type=chunk) [Condensed Consolidated Balance Sheets](index=7&type=section&id=3.3.%20Condensed%20Consolidated%20Balance%20Sheets) As of August 2, 2025, the balance sheet shows a substantial increase in total assets, driven by growth in cash and the introduction of digital assets Condensed Consolidated Balance Sheets | Metric | August 2, 2025 (Millions $) | August 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------- | :-------------------------- | :--------- | | Total Assets | 10,341.1 | 5,536.3 | +86.8% | | Cash and Cash Equivalents | 8,694.4 | 4,193.1 | +107.4% | | Merchandise Inventories, net | 484.9 | 560.0 | -13.4% | | Digital Assets | 528.6 | — | N/A | | Total Liabilities | 5,164.7 | 1,152.9 | +348.0% | | Long-term Debt, net | 4,160.9 | 12.4 | +33455.6% | | Total Stockholders' Equity | 5,176.4 | 4,383.4 | +18.1% | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=3.4.%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The statements show cash flows from operating, investing, and financing activities, highlighting significant cash inflows from financing and a large increase in cash [Three Months Ended August 2, 2025 and August 3, 2024](index=8&type=section&id=3.4.1.%20Three%20Months%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) In Q2 2025, operating cash flow increased, while investing activities saw a net outflow due to digital asset purchases, and financing activities provided significant inflows Condensed Consolidated Statements of Cash Flows (Three Months) | Metric | 13 Weeks Ended Aug 2, 2025 (Millions $) | 13 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | | Net Cash Flows from Operating Activities | 117.4 | 68.6 | +71.1% | | Net Cash Flows (Used in) Provided by Investing Activities | (523.3) | 78.4 | N/A (Turned to outflow) | | Net Cash Flows Provided by Financing Activities | 2,675.3 | 3,052.9 | -12.4% | | Increase in Cash, Cash Equivalents, and Restricted Cash | 2,309.8 | 3,199.5 | -27.8% | | Cash, Cash Equivalents and Restricted Cash at End of Period | 8,733.9 | 4,217.0 | +107.1% | - Investing activities in Q2 2025 included **$500.0 million** in purchases of digital assets[20](index=20&type=chunk) - Financing activities in Q2 2025 included **$2,700.0 million** from the issuance of convertible debt, compared to $3,070.4 million from ATM offerings in Q2 2024[20](index=20&type=chunk) [Twenty-Six Weeks Ended August 2, 2025 and August 3, 2024](index=9&type=section&id=3.4.2.%20Twenty-Six%20Weeks%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) For the first half of 2025, operating cash flow improved significantly, turning from an outflow to an inflow, while financing activities provided substantial cash Condensed Consolidated Statements of Cash Flows (Twenty-Six Weeks) | Metric | 26 Weeks Ended Aug 2, 2025 (Millions $) | 26 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | | Net Cash Flows from Operating Activities | 309.9 | (41.2) | N/A (Turned to inflow) | | Net Cash Flows (Used in) Provided by Investing Activities | (516.0) | 268.2 | N/A (Turned to outflow) | | Net Cash Flows Provided by Financing Activities | 4,153.3 | 3,050.2 | +36.2% | | Increase in Cash, Cash Equivalents, and Restricted Cash | 3,944.1 | 3,278.1 | +20.3% | | Cash, Cash Equivalents and Restricted Cash at End of Period | 8,733.9 | 4,217.0 | +107.1% | - Year-to-date investing activities included **$500.0 million** in purchases of digital assets[22](index=22&type=chunk) - Year-to-date financing activities included **$4,200.0 million** from the issuance of convertible debt[22](index=22&type=chunk) [Sales Mix Analysis (Schedule I)](index=10&type=section&id=4.%20Sales%20Mix%20Analysis%20(Schedule%20I)) [Three Months Ended August 2, 2025 and August 3, 2024](index=10&type=section&id=4.1.%20Three%20Months%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) In Q2 2025, the share of net sales from hardware & accessories and collectibles increased significantly, while software's contribution declined Sales Mix (Three Months) | Product Category | Q2 2025 Net Sales (Millions $) | Q2 2025 % of Total | Q2 2024 Net Sales (Millions $) | Q2 2024 % of Total | YoY Sales Change | | :----------------------- | :----------------------------- | :----------------- | :----------------------------- | :----------------- | :--------------- | | Hardware and accessories | 592.1 | 60.9% | 451.2 | 56.5% | +31.2% | | Software | 152.5 | 15.7% | 207.7 | 26.0% | -26.6% | | Collectibles | 227.6 | 23.4% | 139.4 | 17.5% | +63.3% | | Total | 972.2 | 100.0% | 798.3 | 100.0% | +21.8% | [Twenty-Six Weeks Ended August 2, 2025 and August 3, 2024](index=10&type=section&id=4.2.%20Twenty-Six%20Weeks%20Ended%20August%202%2C%202025%20and%20August%203%2C%202024) For the first half of 2025, the share of collectibles in total net sales grew substantially, while software's contribution decreased Sales Mix (Twenty-Six Weeks) | Product Category | YTD 2025 Net Sales (Millions $) | YTD 2025 % of Total | YTD 2024 Net Sales (Millions $) | YTD 2024 % of Total | YoY Sales Change | | :----------------------- | :------------------------------ | :------------------ | :------------------------------ | :------------------ | :--------------- | | Hardware and accessories | 937.4 | 55.0% | 956.5 | 57.0% | -2.0% | | Software | 328.1 | 19.2% | 447.4 | 26.6% | -26.7% | | Collectibles | 439.1 | 25.8% | 276.2 | 16.4% | +59.0% | | Total | 1,704.6 | 100.0% | 1,680.1 | 100.0% | +1.5% | [Non-GAAP Reconciliations (Schedule II & III)](index=11&type=section&id=5.%20Non-GAAP%20Reconciliations%20(Schedule%20II%20%26%20III)) [Adjusted SG&A, Operating Income, Net Income, and EPS](index=11&type=section&id=5.1.%20Adjusted%20SG%26A%2C%20Operating%20Income%2C%20Net%20Income%2C%20and%20EPS) Reconciliations show adjusted SG&A, operating income, net income, and EPS were significantly higher than GAAP figures after adjustments for specific items Adjusted SG&A, Operating Income, Net Income, and EPS | Metric | 13 Weeks Ended Aug 2, 2025 (Millions $) | 13 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | 26 Weeks Ended Aug 2, 2025 (Millions $) | 26 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | :-------------------------------------- | :-------------------------------------- | :--------- | | SG&A expense (GAAP) | 218.8 | 270.8 | -19.2% | 446.9 | 565.9 | -21.0% | | Adjusted SG&A expense | 218.4 | 280.4 | -22.1% | 443.7 | 579.8 | -23.4% | | Operating income (loss) (GAAP) | 66.4 | (22.0) | N/A | 55.6 | (72.6) | N/A | | Adjusted operating income (loss) | 64.7 | (31.6) | N/A | 92.2 | (86.5) | N/A | | Net Income (loss) (GAAP) | 168.6 | 14.8 | +1039.2% | 213.4 | (17.5) | N/A | | Adjusted net income (loss) | 138.3 | 5.2 | +2560.0% | 219.2 | (31.4) | N/A | | Adjusted Basic EPS | 0.31 | 0.01 | +3000.0% | 0.49 | (0.09) | N/A | | Adjusted Diluted EPS | 0.25 | 0.01 | +2400.0% | 0.43 | (0.09) | N/A | - Adjustments primarily include transformation costs, asset impairments related to the Canada and France divestitures, and unrealized gains on digital assets[29](index=29&type=chunk)[30](index=30&type=chunk) [Adjusted EBITDA](index=12&type=section&id=5.2.%20Adjusted%20EBITDA) Adjusted EBITDA for the three and twenty-six-week periods showed a significant positive turnaround compared to the prior year after various adjustments Adjusted EBITDA | Metric | 13 Weeks Ended Aug 2, 2025 (Millions $) | 13 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | 26 Weeks Ended Aug 2, 2025 (Millions $) | 26 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | :-------------------------------------- | :-------------------------------------- | :--------- | | Net income (loss) (GAAP) | 168.6 | 14.8 | +1039.2% | 213.4 | (17.5) | N/A | | EBITDA | 99.7 | (14.4) | N/A | 96.7 | (48.2) | N/A | | Adjusted EBITDA | 75.7 | (18.0) | N/A | 114.3 | (49.2) | N/A | - Adjustments to EBITDA include interest income, depreciation and amortization, income tax expense, stock-based compensation, transformation costs, divestitures, asset impairments, and unrealized gains on digital assets[31](index=31&type=chunk) [Free Cash Flow](index=13&type=section&id=5.3.%20Free%20Cash%20Flow) GameStop generated positive free cash flow for both the three and twenty-six-week periods, a significant improvement from the negative cash flow in the prior year Free Cash Flow | Metric | 13 Weeks Ended Aug 2, 2025 (Millions $) | 13 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | 26 Weeks Ended Aug 2, 2025 (Millions $) | 26 Weeks Ended Aug 3, 2024 (Millions $) | YoY Change | | :-------------------------------- | :-------------------------------------- | :-------------------------------------- | :--------- | :-------------------------------------- | :-------------------------------------- | :--------- | | Net cash flows provided by (used in) operating activities | 117.4 | 68.6 | +71.1% | 309.9 | (41.2) | N/A | | Capital expenditures | (4.1) | (3.1) | +32.3% | (7.0) | (8.0) | -12.5% | | Free cash flow | 113.3 | 65.5 | +73.0% | 302.9 | (49.2) | N/A | [Cautionary Statement Regarding Forward-Looking Statements](index=2&type=section&id=6.%20Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) [Cautionary Statement Regarding Forward-Looking Statements](index=2&type=section&id=6.1.%20Cautionary%20Statement%20Regarding%20Forward-Looking%20Statements) This section serves as a legal disclaimer, advising that forward-looking statements are subject to significant risks and uncertainties that could cause actual results to differ - This press release contains forward-looking statements, identifiable by words like "anticipates," "expects," or "will," which are subject to significant risks and uncertainties[7](index=7&type=chunk) - Actual developments, business decisions, results, and outcomes may differ materially due to factors such as economic conditions, industry competition, supply chain disruptions, technological advances, reliance on new products, and risks associated with investment holdings, including Bitcoin volatility[7](index=7&type=chunk) - The company undertakes no obligation to publicly update any forward-looking statements, except as may be required by applicable securities laws[7](index=7&type=chunk)

Exhibit 99.1 Skillsoft Reports Financial Results for the Second Quarter of Fiscal 2026 BOSTON – September 9, 2025 – Skillsoft Corp. (NYSE: SKIL) ("Skillsoft", "we", "us", or "our"), the platform that empowers organizations and learners to unlock their full potential, today announced its financial results for the second quarter of fiscal 2026 ended July 31, 2025. Fiscal 2026 Second Quarter Select Metrics and Financial Measures (1) "Our teams continued to execute on our transformation strategy during the quar ...

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 July 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: 001-34755 LIMONEIRA COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or ...

Exhibit 99.1 Limoneira Company Announces Third Quarter Fiscal Year 2025 Financial Results Company On Track to Merge Citrus Sales and Marketing into Sunkist Growers with $5 Million in Annual Selling and Marketing Cost Savings and EBITDA Improvement Beginning in Fiscal Year 2026 Company Reiterates Avocado and Lemon Volume Guidance for Fiscal Year 2025 Company Explores Providing Housing on the Limco Del Mar Ranch to Address Ventura County's Housing Needs SANTA PAULA, Calif.-- (BUSINESS WIRE) – September 9, 202 ...

Executive Summary & First Quarter Highlights [First Quarter Highlights](index=1&type=section&id=1.1.%20First%20Quarter%20Highlights) AeroVironment reported a strong first quarter for fiscal year 2026, marked by the successful acquisition of BlueHalo, which significantly contributed to record revenue and backlog. The company also achieved substantial year-over-year growth in both total and legacy revenue - Successfully closed the acquisition of BlueHalo, which contributed **$235.2 million** of revenue in the first quarter[5](index=5&type=chunk) Q1 FY2026 Revenue Highlights | Metric | Q1 FY2026 | YoY Change | | :------------------- | :---------- | :--------- | | Record First Quarter Revenue | $454.7 million | +140% | | Legacy Revenue | $219.5 million | +16% | - Achieved record first quarter backlog of **$1.1 billion** and bookings of **$399.0 million**[5](index=5&type=chunk) - Visibility of **82%** to the midpoint of fiscal year 2026 revenue guidance range as of September 9, 2025[5](index=5&type=chunk) [CEO Commentary](index=1&type=section&id=1.2.%20CEO%20Commentary) CEO Wahid Nawabi highlighted the continued strength across both Autonomous Systems and Space, Cyber and Directed Energy segments, driven by record revenue and backlog. He expressed confidence in the company's ability to deliver best-in-class solutions aligned with customer priorities and to capture growing demand through innovative solutions and scalable manufacturing capacity - Continued strength across both Autonomous Systems and Space, Cyber and Directed Energy segments with record revenue and backlog[1](index=1&type=chunk) - Confident in the ability to deliver best-in-class solutions aligned to customers' highest priorities across all domains[1](index=1&type=chunk) - Exceptionally well positioned to capture growing demand due to innovative solutions and manufacturing capacity that can quickly scale[1](index=1&type=chunk) Fiscal 2026 First Quarter Financial Performance [Revenue Analysis](index=1&type=section&id=2.1.%20Revenue%20Analysis) AeroVironment reported record revenue for the first quarter of fiscal 2026, significantly increasing year-over-year, primarily driven by the BlueHalo acquisition and growth in both product sales and service revenue across its segments Q1 FY2026 Revenue Performance | Metric | Q1 FY2026 (Millions) | Q1 FY2025 (Millions) | YoY Change | | :---------------- | :------------------- | :------------------- | :--------- | | Total Revenue | $454.7 | $189.5 | +140% | | Product Sales | $313.5 | $159.5 | +96.5% | | Contract Services | $141.1 | $29.9 | +371.9% | - The acquisition of BlueHalo contributed **$123.7 million** to product revenue and **$111.5 million** to service revenue in the current quarter[2](index=2&type=chunk) Q1 FY2026 Segment Revenue | Segment | Revenue (Millions) | | :---------------- | :----------------- | | Autonomous Systems (AxS) | $285.3 | | Space, Cyber and Directed Energy (SCDE) | $169.4 | [Gross Margin](index=1&type=section&id=2.2.%20Gross%20Margin) Gross margin increased in absolute terms but decreased significantly as a percentage of revenue due to higher intangible amortization and other non-cash purchase accounting expenses, as well as an increased proportion of service revenue resulting from the BlueHalo acquisition Q1 FY2026 Gross Margin Performance | Metric | Q1 FY2026 (Millions) | Q1 FY2025 (Millions) | YoY Change | | :---------------- | :------------------- | :------------------- | :--------- | | Total Gross Margin | $95.1 | $81.5 | +17% | | Gross Margin % | 21% | 43% | -22 ppts | - Gross margin was negatively impacted by **$37.4 million** of intangible amortization and other related non-cash purchase accounting expenses in Q1 FY2026, compared to **$3.7 million** in Q1 FY2025[3](index=3&type=chunk) [Operating Income/Loss](index=1&type=section&id=2.3.%20Operating%20Income%2FLoss) The company reported an operating loss in Q1 FY2026, a significant decline from operating income in the prior year, primarily due to increased selling, general and administrative (SG&A) and research and development (R&D) expenses, heavily influenced by BlueHalo acquisition-related expenses and intangible amortization Q1 FY2026 Operating Performance | Metric | Q1 FY2026 (Millions) | Q1 FY2025 (Millions) | | :-------------------- | :------------------- | :------------------- | | (Loss) Income from Operations | $(69.3) | $23.1 | - The current quarter was negatively impacted by **$79.7 million** of intangible amortization and other related non-cash purchase accounting expenses, compared to **$4.8 million** in the prior year[4](index=4&type=chunk) - SG&A expense increased by **$97.5 million**, including **$41.2 million** of intangible amortization and **$23.7 million** of acquisition-related expenses. R&D expense increased by **$8.5 million**[4](index=4&type=chunk)[6](index=6&type=chunk) [Other Income/Loss and Tax Impact](index=3&type=section&id=2.4.%20Other%20Income%2FLoss%20and%20Tax%20Impact) Other loss, net, increased substantially due to higher interest expense from BlueHalo acquisition financing, while the company recorded a benefit from income taxes due to the pre-tax loss Q1 FY2026 Other Loss and Tax Impact | Metric | Q1 FY2026 (Millions) | Q1 FY2025 (Millions) | | :-------------------- | :------------------- | :------------------- | | Other (Loss) Income, net | $(15.1) | $(0.5) | | Benefit from Income Taxes | $(15.2) | $1.5 (Provision) | - The increase in other loss was primarily due to an increase in interest expense related to the term and revolver facility loans obtained in conjunction with the BlueHalo acquisition[7](index=7&type=chunk) - The decrease in income tax provision year-over-year was primarily due to the loss before income taxes[8](index=8&type=chunk) [Net Income/Loss and EPS](index=3&type=section&id=2.5.%20Net%20Income%2FLoss%20and%20EPS) AeroVironment reported a net loss and negative diluted EPS for Q1 FY2026, a significant reversal from net income in the prior year, largely due to the substantial impact of intangible amortization and other non-cash purchase accounting expenses related to the BlueHalo acquisition Q1 FY2026 Net Income/Loss and EPS | Metric | Q1 FY2026 | Q1 FY2025 | | :-------------------- | :------------------- | :------------------- | | Net (Loss) Income | $(67.4) million | $21.2 million | | Diluted EPS | $(1.44) | $0.75 | - The current quarter was negatively impacted by **$79.7 million**, or **$1.34** per diluted share, of intangible amortization and other related non-cash purchase accounting expenses, compared to **$4.8 million**, or **$0.13** per diluted share, in the prior-year period[9](index=9&type=chunk) [Non-GAAP Financial Measures (Q1)](index=3&type=section&id=2.6.%20Non-GAAP%20Financial%20Measures%20(Q1)) Non-GAAP adjusted EBITDA increased year-over-year, while non-GAAP diluted EPS decreased, reflecting adjustments for acquisition-related expenses and intangible amortization Q1 FY2026 Non-GAAP Financial Measures | Metric | Q1 FY2026 | Q1 FY2025 | YoY Change | | :-------------------- | :------------------- | :------------------- | :--------- | | Non-GAAP Adjusted EBITDA | $56.6 million | $37.2 million | +52.1% | | Non-GAAP Earnings per Diluted Share | $0.32 | $0.89 | -64% | Backlog and Bookings AeroVironment achieved a record funded backlog as of August 2, 2025, significantly increasing from the previous fiscal year-end, with strong bookings during the quarter, providing substantial revenue visibility for the current fiscal year Backlog and Bookings Data | Metric | As of August 2, 2025 | As of April 30, 2025 | | :---------------- | :------------------- | :------------------- | | Funded Backlog | $1.1 billion | $726.6 million | | Bookings (Q1 FY2026) | $399.0 million | N/A | - The company has visibility of **80%** of fiscal year 2026 revenue[11](index=11&type=chunk) Fiscal 2026 Full Year Outlook [Full Year Guidance](index=3&type=section&id=4.1.%20Full%20Year%20Guidance) The company reiterated its full-year fiscal 2026 guidance, projecting significant revenue growth and positive non-GAAP adjusted EBITDA, while expecting a net loss and GAAP loss per diluted share Fiscal Year 2026 Guidance | Metric | Range | | :-------------------------- | :------------------- | | Revenue | $1.9 billion - $2.0 billion | | Net Loss | $(77) million - $(72) million | | Non-GAAP Adjusted EBITDA | $300 million - $320 million | | Loss per Diluted Share | $(1.63) - $(1.53) | | Non-GAAP Earnings per Diluted Share | $3.60 - $3.70 | [Forward-Looking Statements and Risks](index=3&type=section&id=4.2.%20Forward-Looking%20Statements%20and%20Risks) The company's outlook is forward-looking and reflects management's view of current and future market conditions, subject to various risks and uncertainties. These include challenges related to integrating acquisitions, securing government contracts, responding to market demand, competitive pressures, regulatory changes, and general economic conditions - Estimates are forward-looking and reflect management's view of current and future market conditions, subject to certain risks and uncertainties[13](index=13&type=chunk)[19](index=19&type=chunk) - Key risk factors include: the impact of successfully integrating acquisitions (e.g., BlueHalo), reliance on U.S. government sales and funding availability, ability to win R&D and procurement programs, changes in government spending, supply chain disruptions, and compliance with extensive regulatory requirements[13](index=13&type=chunk)[20](index=20&type=chunk) - Other risks involve unexpected technical and marketing difficulties, potential security and cyber threats, failure to innovate or expand into new markets, unexpected changes in operating expenses, and litigation activity[20](index=20&type=chunk) Consolidated Financial Statements [Consolidated Statements of Operations](index=8&type=section&id=5.1.%20Consolidated%20Statements%20of%20Operations) This section presents the detailed breakdown of revenues, costs, and expenses, leading to the net loss for the three months ended August 2, 2025, compared to the prior year, reflecting the significant impact of the BlueHalo acquisition - Provides a comprehensive view of the company's financial performance, detailing product sales, contract services, cost of sales, gross margin, operating expenses (SG&A, R&D), other income/loss, and tax provision, culminating in net income/loss and earnings per share[23](index=23&type=chunk) [Consolidated Balance Sheets](index=9&type=section&id=5.2.%20Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's assets, liabilities, and stockholders' equity as of August 2, 2025, compared to April 30, 2025, showing significant increases in total assets, goodwill, intangibles, and long-term debt primarily due to the BlueHalo acquisition Consolidated Balance Sheet Highlights | Metric | August 2, 2025 (Thousands) | April 30, 2025 (Thousands) | | :-------------------------- | :------------------------- | :------------------------- | | Total Assets | $5,624,037 | $1,120,567 | | Cash and Cash Equivalents | $685,803 | $40,862 | | Intangibles, net | $1,118,848 | $48,711 | | Goodwill | $2,539,560 | $256,781 | | Total Liabilities | $1,106,958 | $234,061 | | Long-term debt | $725,703 | $30,000 | | Total Stockholders' Equity | $4,427,079 | $886,507 | [Consolidated Statements of Cash Flows](index=10&type=section&id=5.3.%20Consolidated%20Statements%20of%20Cash%20Flows) This section details the cash flows from operating, investing, and financing activities for the three months ended August 2, 2025, highlighting a significant net increase in cash primarily from financing activities related to the BlueHalo acquisition, despite cash used in operating and investing activities Consolidated Statements of Cash Flows Highlights | Metric | Q1 FY2026 (Thousands) | Q1 FY2025 (Thousands) | | :------------------------------------ | :-------------------- | :-------------------- | | Net cash (used in) provided by operating activities | $(123,726) | $28,351 | | Net cash used in investing activities | $(876,648) | $(6,613) | | Net cash provided by financing activities | $1,645,443 | $(13,954) | | Net increase in cash and cash equivalents | $644,941 | $7,861 | | Cash and cash equivalents at end of period | $685,803 | $81,162 | - Business acquisitions, net of cash acquired, accounted for **$(844,580) thousand** in investing activities[27](index=27&type=chunk) - Financing activities included proceeds from shares issued (**$968,515 thousand**) and convertible debt (**$726,944 thousand**)[27](index=27&type=chunk) Reportable Segment Results The report provides segment-level revenue and adjusted EBITDA, showing the significant contribution of the newly acquired Space, Cyber and Directed Energy (SCDE) segment and continued growth in the Autonomous Systems (AxS) segment Q1 FY2026 Segment Revenue | Segment | Revenue (Thousands) | | :------------------------------------ | :------------------ | | Autonomous Systems (AxS) | $285,324 | | Space, Cyber and Directed Energy (SCDE) | $169,352 | | Total | $454,676 | Q1 FY2026 Segment Adjusted EBITDA | Segment | Adjusted EBITDA (Thousands) | | :------------------------------------ | :-------------------------- | | Autonomous Systems (AxS) | $52,760 | | Space, Cyber and Directed Energy (SCDE) | $3,796 | | Total | $56,556 | - In Q1 FY2025, only the AxS segment reported revenue of **$189,483 thousand** and adjusted EBITDA of **$37,178 thousand**, indicating the new contribution from SCDE[29](index=29&type=chunk) Non-GAAP Measures Reconciliation and Explanation [Non-GAAP Earnings per Diluted Share Reconciliation](index=11&type=section&id=7.1.%20Non-GAAP%20Earnings%20per%20Diluted%20Share%20Reconciliation) This section reconciles GAAP diluted EPS to non-GAAP diluted EPS by adjusting for items such as amortization of acquired intangible assets, acquisition-related expenses, and equity method/securities investment activity, providing a clearer view of operational performance Q1 FY2026 Non-GAAP EPS Reconciliation | Item | Per Diluted Share | | :---------------------------------------------------------------- | :---------------- | | (Loss) earnings per diluted share (GAAP) | $(1.44) | | Amortization of acquired intangible assets and other purchase accounting adjustments | $1.34 | | Acquisition-related expenses | $0.52 | | Equity method and equity securities investments activity, net | $(0.10) | | Earnings per diluted share as adjusted (non-GAAP) | $0.32 | - The forecast for FY2026 non-GAAP earnings per diluted share is **$3.60 - $3.70**, adjusted from a forecast GAAP loss per diluted share of **$(1.63) - $(1.53)**[34](index=34&type=chunk) [Non-GAAP Adjusted EBITDA Reconciliation](index=11&type=section&id=7.2.%20Non-GAAP%20Adjusted%20EBITDA%20Reconciliation) This section reconciles GAAP net income/loss to non-GAAP adjusted EBITDA by adding back interest, taxes, depreciation, amortization, stock-based compensation, acquisition-related expenses, and other non-cash items, offering a measure of core operating profitability Q1 FY2026 Non-GAAP Adjusted EBITDA Reconciliation | Item | Amount (Millions) | | :---------------------------------------------------------------- | :---------------- | | Net (loss) income (GAAP) | $(67.4) | | Interest expense, net | $17.4 | | Provision for income taxes | $(15.2) | | Depreciation and amortization | $90.3 | | EBITDA (non-GAAP) | $25.1 | | Amortization of cloud computing arrangement implementation | $0.9 | | Stock-based compensation | $11.4 | | Acquisition-related expenses | $23.7 | | Equity method and equity securities investments activity, net | $(4.5) | | Adjusted EBITDA (non-GAAP) | $56.6 | - The forecast for FY2026 non-GAAP adjusted EBITDA is **$300 - $320 million**, adjusted from a forecast GAAP net loss of **$(77) - $(72) million**[35](index=35&type=chunk) [Statement Regarding Non-GAAP Measures](index=7&type=section&id=7.3.%20Statement%20Regarding%20Non-GAAP%20Measures) The company utilizes non-GAAP measures to provide additional insights into its long-term profitability trends and to facilitate comparisons with prior periods and peers, emphasizing that these measures should be considered supplementary to GAAP and may not be comparable to similarly titled measures reported by other companies - Non-GAAP measures are considered in addition to, not as a replacement for or superior to, comparable GAAP measures[21](index=21&type=chunk)[36](index=36&type=chunk) - Management believes these measures provide useful information by offering additional ways of viewing results, helping investors understand long-term profitability trends and compare performance[36](index=36&type=chunk) - Non-GAAP EPS excludes acquisition-related expenses, intangible amortization, and equity investment activities for consistent comparisons. Adjusted EBITDA is defined as net income before interest, taxes, depreciation, and amortization, adjusted for certain non-cash and non-operating items[37](index=37&type=chunk)[38](index=38&type=chunk) Company Overview [About AeroVironment, Inc.](index=5&type=section&id=8.1.%20About%20AeroVironment,%20Inc.) AeroVironment is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber. The company specializes in developing and deploying autonomous systems, precision strike systems, counter-UAS technologies, and other advanced defense solutions to meet current and future mission needs - AeroVironment is a defense technology leader delivering integrated capabilities across air, land, sea, space, and cyber[18](index=18&type=chunk) - The company develops and deploys autonomous systems, precision strike systems, counter-UAS technologies, space-based platforms, directed energy systems, and cyber and electronic warfare capabilities[18](index=18&type=chunk) - Possesses a national manufacturing footprint and a deep innovation pipeline, delivering proven systems and future-defining capabilities with speed, scale, and operational relevance[18](index=18&type=chunk) Investor Information [Conference Call and Presentation](index=3&type=section&id=9.1.%20Conference%20Call%20and%20Presentation) AeroVironment hosted a conference call and webcast on September 9, 2025, to discuss the Q1 FY2026 results, with access details provided for live participation and subsequent replay, along with a supplementary investor presentation - A conference call was hosted on Tuesday, September 9, 2025, at 4:30 pm Eastern Time[14](index=14&type=chunk) - Investors could access the live audio webcast via a participant registration link or the Investor Relations page of the company's website[15](index=15&type=chunk) - A supplementary investor presentation for the first quarter fiscal year 2026 is accessible at https://investor.avinc.com/events-and-presentations, and an audio replay will be archived on the Investor Relations section of the Company's website[16](index=16&type=chunk)[17](index=17&type=chunk) [Contact Information](index=14&type=section&id=9.2.%20Contact%20Information) Contact details for investor relations are provided for further inquiries regarding AeroVironment - Contact Person: Denise Pacioni[40](index=40&type=chunk) - Phone: **+1 805-795-4108**[40](index=40&type=chunk) - Email: ir@avinc.com; Website: https://investor.avinc.com/contact-and-faq/contact-us[40](index=40&type=chunk)