Galecto(GLTO) - 2025 Q3 - Quarterly Report
2025-11-06 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ☒ 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 FORM 10-Q (Mark One) For the transition period from _______________ to _______________ Commission File Number: 001-39655 GALECTO, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 37-19 ...
eXp(EXPI) - 2025 Q3 - Quarterly Results
2025-11-06 21:00
Exhibit 99.1 eXp World Holdings Reports Q3 2025 Results BELLINGHAM, Wash. — November 6, 2025 — eXp World Holdings, Inc. (Nasdaq: EXPI), or the "Company", the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises, today announced financial results for the third quarter ended September 30, 2025. "Our third quarter results underscore the strength of eXp's model and the power of our agents," said Leo Pareja, CEO of eXp Realty. "Continued momentum in agent growth, productivity and retention are dr ...
The GEO (GEO) - 2025 Q3 - Quarterly Report
2025-11-06 20:57
Revenue and Financial Performance - For the nine months ended September 30, 2025, consolidated revenues were $1,923.9 million, compared to $1,816.0 million for the same period in 2024, reflecting an increase of approximately 5.9%[179] - Revenues for the U.S. Secure Services segment increased by $80.7 million, reaching $481.6 million in Q3 2025, a 20.1% increase compared to Q3 2024[189] - The total revenue for Q3 2025 was $682.3 million, representing a 13.1% increase from $603.1 million in Q3 2024[189] - Revenues for U.S. Secure Services increased by $125.1 million (10.4%) in the nine months ended September 30, 2025, driven by new contracts and increased occupancies[219] - Total revenues for the nine months ended September 30, 2025, were $1,923.8 million, a 5.9% increase from $1,815.9 million in the same period of 2024[218] Occupancy and Capacity - The average company-wide facility occupancy rate was approximately 89% for the nine months ended September 30, 2025, with 68,157 active beds, compared to approximately 88% with 68,004 active beds for the same period in 2024[179] - The average occupancy in U.S. Secure Services facilities was approximately 90% in Q3 2025, up from 88% in Q3 2024[192] - Average occupancy in U.S. Secure Services facilities remained stable at approximately 88% of capacity for both Nine Months 2025 and Nine Months 2024[220] Operating Expenses - Operating expenses for U.S. Secure Services rose by $76.4 million to $376.0 million in Q3 2025, primarily due to labor and medical costs[197] - Operating expenses for U.S. Secure Services increased by $130.6 million (14.5%) in the nine months ended September 30, 2025, primarily due to labor and medical costs[225] - Operating expenses accounted for approximately 75% of consolidated revenues for the nine months ended September 30, 2025, compared to 73% for the same period in 2024[282] General and Administrative Expenses - General and administrative expenses increased by $15.0 million to $62.1 million in Q3 2025, reflecting a 31.9% rise compared to Q3 2024[206] - General and administrative expenses rose by $23.8 million (15.6%) in the nine months ended September 30, 2025, primarily due to senior management reorganization and higher employee-related costs[234] - General and administrative expenses represented about 11% of consolidated revenues for the nine months ended September 30, 2025, up from 8% in 2024[283] Income and Taxation - The provision for income taxes increased to $56.4 million in Q3 2025, with an effective tax rate of 24.6%, compared to $11.7 million (31.4% effective rate) in Q3 2024, a 383.5% increase[215] - The provision for income taxes increased to $68.8 million with an effective tax rate of 23.9% in Nine Months 2025, compared to a tax benefit in the previous year[243][245] Cash Flow and Liquidity - Cash, cash equivalents, and restricted cash increased to $231.6 million as of September 30, 2025, up from $118.4 million a year earlier, representing a growth of approximately 95.5%[269] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $189.9 million, down from $223.8 million in the same period of 2024, indicating a decrease of about 15.1%[270] - Net cash used in financing activities increased to approximately $232.2 million for the nine months ended September 30, 2025, compared to $186.1 million in the same period of 2024, reflecting an increase of about 24.7%[273] Debt and Financing - The company has approximately $262.6 million in borrowings under its Credit Agreement, with a 1% increase in interest rates potentially raising annual interest expenses by $3.1 million[285] - Interest expense decreased by $7.3 million in Q3 2025 compared to Q3 2024, following an amendment to the Credit Agreement that increased borrowing capacity and lowered the interest rate[212] - The company amended its Credit Agreement to increase revolving credit commitments from $310 million to $450 million, extending the maturity to July 14, 2030[253] Legal and Regulatory Risks - The company faces risks related to the federal government shutdown, which could adversely impact financial results[172] - The company is exposed to rising medical costs and must manage ongoing litigation costs, which could affect profitability[172] - The company incurred a non-cash contingent litigation reserve of $37.6 million during Nine Months 2025, representing 5.5% of revenue[235] Strategic Initiatives and Growth - The company is focused on expanding its secure services, reentry, and community-based services, as well as monitoring services and secure transportation services[177] - The company is currently in compliance with its debt covenants as of September 30, 2025, but potential future constraints could adversely impact liquidity and capital resources[264] - The company is preparing for significant growth opportunities related to federal immigration enforcement, with a focus on expanding detention capacity and related services[280] Asset Management - The company has a significant amount of goodwill and intangible assets from acquisitions, which may become impaired in the future[176] - Gain on asset divestitures was approximately $232.4 million in Q3 2025, accounting for 34.1% of revenue, related to the sale of the Lawton Correctional Facility[214] - The company sold the Lawton Correctional Facility for $312 million, resulting in a gain of approximately $228 million, which was used to pay off a Term Loan[252] Foreign Exchange and Interest Rate Exposure - A 10% change in foreign currency exchange rates could affect the company's financial position by approximately $8.6 million and impact results of operations by about $1.2 million for the nine months ended September 30, 2025[288] - Interest rate swap arrangements have been established to hedge against variable rate debt, minimizing the impact of interest rate fluctuations[286]
CoreCivic(CXW) - 2025 Q3 - Quarterly Report
2025-11-06 20:45
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: 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: 001-16109 CORECIVIC, INC. (Exact name of registrant as specified in its charter) MARYLAND 62-1763875 (State or other jurisdiction of inco ...
Simmons First National (SFNC) - 2025 Q3 - Quarterly Report
2025-11-06 20:39
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 000-06253 SIMMONS FIRST NATIONAL CORPORATION (Exact name of registrant as specified in its charter) Arkansas 71-0407 ...
Axcelis(ACLS) - 2025 Q3 - Quarterly Report
2025-11-06 20:37
Table of Contents 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 000-30941 AXCELIS TECHNOLOGIES, INC. (Exact name of registrant as specified in its charter) (State or other ju ...
RLJ Lodging Trust(RLJ) - 2025 Q3 - Quarterly Report
2025-11-06 20:35
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 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 001-35169 RLJ LODGING TRUST (Exact Name of Registrant as Specified in Its Charter) Maryland 27-4706509 (State or Other Ju ...
Curtiss-Wright(CW) - 2025 Q3 - Quarterly Report
2025-11-06 20:34
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 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 1-134 CURTISS-WRIGHT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 13-0612970 (State or oth ...
First Northwest Bancorp(FNWB) - 2025 Q3 - Quarterly Report
2025-11-06 20:33
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 September 30, 2025 or Commission File Number: 001-36741 FIRST NORTHWEST BANCORP | (Exact name of registrant as specified in its charter) | | | --- | --- | | Washington | 46-1259100 | | (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer I.D. Number) | | 105 Wes ...
Tejon Ranch (TRC) - 2025 Q3 - Quarterly Report
2025-11-06 20:27
Financial Performance - For Q3 2025, the company reported a net income of $1,670,000, a $3,506,000 increase from a net loss of $1,836,000 in Q3 2024, driven by higher farming revenues of $1,093,000 and lower farming expenses of $890,000 [120]. - For the nine months ended September 30, 2025, the company had a net loss of $1,506,000, an improvement of $287,000 compared to a net loss of $1,793,000 in the same period in 2024, primarily due to a $595,000 gross margin recognition from a land sale [121]. - Net income for the three months ended September 30, 2025, was $1,671,000, compared to a net loss of $(1,836,000) in the same period of 2024 [205]. - Adjusted EBITDA for the nine months ended September 30, 2025, increased to $13,863,000, up from $12,915,000 in 2024, reflecting a year-over-year growth of 7.3% [205]. Revenue Streams - The farming segment's revenues increased by $1,169,000 from almond sales and $1,147,000 from wine grape sales during the nine months ended September 30, 2025 [121]. - Farming segment revenues totaled $6,498,000 for the first nine months of 2025, an increase of $2,249,000, or 53%, from $4,249,000 during the same period in 2024, driven by higher almond and wine grape sales [149]. - The mineral resources segment generates revenues from oil and gas royalty leases, rock and aggregate mining leases, and water sales, contributing to the company's diverse revenue streams [118]. - Mineral resources segment revenues were $7,277,000 for the first nine months of 2025, a decrease of $410,000, or 5%, from $7,687,000 for the same period in 2024, primarily due to lower oil and gas production levels and cement sales [143]. Development Projects - The company is actively working on the Centennial project, which encompasses 12,323 acres and is expected to include approximately 19,333 homes and 10.1 million square feet of commercial development upon completion [117]. - The company’s master planned communities include up to 35,278 housing units and over 35 million square feet of commercial space, with two communities already entitled and successfully defended in litigation [108]. - The TRCC development has generated over $110 million in cumulative cash flow since 2000 and includes over 8 million square feet of industrial, commercial, and retail space under development [115]. - The company is preparing supplemental environmental documentation for the Centennial project to address legal challenges and enhance regional housing and economic development [110]. Expenses and Costs - Corporate general and administrative costs were $2,868,000 for the three months ended September 30, 2025, a decrease of $77,000 from $2,945,000 for the same period in 2024 [157]. - Resort/residential real estate development segment expenses decreased by $1,308,000, or 56%, to $1,008,000 for the nine months ended September 30, 2025, from $2,316,000 in the prior year [139]. - The total mineral resources expenses were $4,996,000 for the first nine months of 2025, a decrease of $47,000, or 1%, compared to $5,043,000 during the same period in 2024 [144]. - The total ranch operations expenses were $3,784,000 for the first nine months of 2025, an increase of $73,000, or 2%, from $3,711,000 for the same period in 2024 [156]. Joint Ventures and Partnerships - The company is involved in multiple joint ventures, including a partnership with TravelCenters of America for travel and truck stop facilities within TRCC [117]. - Equity in earnings fell by $1,343,000, or 18%, to $6,268,000 for the nine months ended September 30, 2025, from $7,611,000 in 2024, largely due to a decrease in earnings from the TA/Petro joint venture [163]. - Earnings of unconsolidated joint ventures for the three months ended September 30, 2025, were $4,465,000, down from $5,729,000 in 2024, representing a decline of 22.1% [208]. Liquidity and Capitalization - Cash, cash equivalents, and marketable securities totaled approximately $21,044,000 as of September 30, 2025, a decrease of $32,664,000 from $53,708,000 as of December 31, 2024 [170]. - The company had a strong liquidity position with $21,044,000 in cash and securities and $68,058,000 available on the revolving line of credit as of September 30, 2025 [195]. - As of September 30, 2025, total capitalization at book value was $580,532,000, with a debt-to-total-capitalization ratio of approximately 15.8% [184]. - The company entered into a Revolving Credit Facility providing a revolving credit line of $160,000,000 and a letter of credit sub-facility of $15,000,000 [185]. Future Outlook and Strategies - The company plans to continue focusing its marketing strategy on the strategic advantages of TRCC, including access to markets of over 40 million people for next-day delivery service [129]. - The company expects to explore funding opportunities for future development projects through joint ventures, debt financing, or issuance of additional common stock [141]. - The company expects its water assets to become increasingly important due to anticipated regulatory changes related to groundwater management in California [144]. - The company may need to secure additional funding through equity issuance or other financing methods as it moves into the development stage of its projects [182].