Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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: 001-39321 AVIDITY BIOSCIENCES, INC. (Exact nam ...

Bed Bath & Beyond, Inc. Reports Eighth Consecutive Quarter of Measurable Improvement Toward Profitability Q4 Reflects Strengthening Revenue Trends, Sustained Margin Expansion and a $118 Million Year-Over-Year Improvement in Operating Cash Flow Use MURRAY, Utah - February 23, 2026 - Bed Bath & Beyond, Inc. (NYSE:BBBY), owner of Bed Bath & Beyond, Overstock, buybuy BABY, Kirkland's Home and a blockchain asset portfolio, today reported financial results for the fourth quarter and full year ended December 31, 2 ...

Bed Bath & Beyond, Inc. Reports Eighth Consecutive Quarter of Measurable Improvement Toward Profitability The Company delivered its eighth consecutive quarter of measurable improvement toward profitability, reflecting continued margin expansion, disciplined cost management and consistent progress across key operating metrics. The Company has successfully built the base of its business through disciplined retail execution. We are building the first Everything Home Company designed to make homeownership and l ...

Sales and Market Presence - Oral, Personal, and Home Care products accounted for 44%, 17%, and 16% of total worldwide net sales in 2025, respectively[15] - Pet Nutrition products represented 23% of total worldwide net sales in 2025, with products marketed in over 80 countries[16] - Sales to Walmart, Inc. and its affiliates constituted approximately 11% of net sales in 2025, with no other customer exceeding 10%[19] - The Oral Care segment is a substantial part of the business in the Asia Pacific region, indicating a strong market presence[15] Workforce and Leadership - Approximately 33,600 employees were reported as of December 31, 2025, with over 84% located outside the United States[27] - The Chief Operating Officer for the Americas joined the company in 2025, indicating recent leadership changes[37] - The company emphasizes a diverse workforce to enhance its marketing effectiveness and household penetration[29] Sustainability and Regulations - The company aims to achieve measurable targets in its 2030 sustainability strategy, focusing on preserving the environment, helping homes, and driving social impact[34] - The company is subject to extensive governmental regulations, including environmental rules, which did not materially affect capital expenditures or earnings in 2025[23] Competition and Market Risks - The company faces competition from multinational and local competitors, with significant growth in eCommerce and AI encouraging new entrants[21] - The company emphasizes the management of foreign currency, interest rate, commodity price, and credit risk exposure as part of its market risk strategy[276] Transparency and Reporting - The company provides free access to its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings on its website[39]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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: 1-13395 ___________________________________________________________________ Washington, D.C. 20549 ___ ...

NEWS RELEASE FORWARD AIR CORPORATION REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS Omni Segment Reports Another Strong Quarter with Best Results Since the Acquisition Expedited Freight Segment's Quarterly Results Significantly Improved Year Over Year Ended 2025 in a Solid Liquidity Position DALLAS – (BUSINESS WIRE) – February 23, 2026 – Forward Air Corporation (NASDAQ:FWRD) (the "Company", "we", "our", or "us") today reported financial results for the three months and twelve months ended December 31, 20 ...

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: 0-10200 ________________________________________ ________________________________________ SEI INVESTMENTS COMPANY (Exact name of R ...

Financial Performance - Interest income for 2025 reached $430,486, an increase from $412,355 in 2024, reflecting a growth of 2.74%[190] - Net interest income after provision for credit losses was $228,528 in 2025, compared to $205,237 in 2024, representing an increase of 11.29%[190] - Net income for 2025 was $90,757, a rise from $75,931 in 2024, marking an increase of 19.53%[190] - The Corporation reported a net income of $90.8 million for 2025, an increase of 19.5% from $75.9 million in 2024[192] - Diluted earnings per share for 2025 were $3.13, up 21.3% from $2.58 in 2024[192] - Net interest income for 2025 was $240.2 million, reflecting a 13.7% increase from $211.2 million in 2024[196] - The Corporation's return on average assets increased to 1.11% in 2025 from 0.96% in 2024, a rise of 15 basis points[191] - Return on average equity rose to 9.90% in 2025, up 105 basis points from 8.85% in 2024[191] Asset and Liability Management - Total assets as of December 31, 2025, were $8,436,897, compared to $8,128,417 in 2024, showing a growth of 3.79%[190] - Total liabilities increased to $7,255,122 thousand in 2025, compared to $7,039,688 thousand in 2024, showing a growth of 3.06%[198] - Total assets increased to $8,171,555 thousand in 2025, up from $7,897,707 thousand in 2024, representing a growth of 3.46%[198] - The total nonperforming loans and leases amounted to $13.8 million at December 31, 2025, up from $13.0 million at December 31, 2024, an increase of 6.5%[236] - The allowance for credit losses on loans and leases was $88.2 million at December 31, 2025, compared to $87.1 million at December 31, 2024, reflecting a slight increase of 1.3%[241] Credit Quality and Losses - The provision for credit losses was $11,667 in 2025, up from $5,933 in 2024, indicating a significant increase of 96.00%[190] - Net loan and lease charge-offs for 2025 were $11.1 million, significantly higher than $3.8 million in 2024[204] - Nonaccrual loans and leases were included in the average loan and lease balances, impacting the overall loan performance metrics[199] - Nonaccrual loans and leases were $13.7 million as of December 31, 2025, with a related allowance for credit losses of $3.0 million[232] Operational Efficiency - The efficiency ratio improved to 61.3% in 2025 from 65.7% in 2024, reflecting enhanced operational efficiency[190] - Interest expense decreased by $10.9 million, or 58.5%, in 2025 compared to 2024, reflecting lower costs associated with interest-bearing deposits[202] Income and Expenses - Noninterest income for the year ended December 31, 2025 was $87.9 million, a slight decrease of $194 thousand, or 0.2%, compared to 2024[207] - Total noninterest expense for the year ended December 31, 2025 was $203.0 million, an increase of $5.0 million, or 2.5%, compared to 2024[214] - Salaries, benefits, and commissions increased by $3.3 million, or 2.6%, in 2025 compared to 2024[213] Capital and Equity - Total shareholders' equity increased by $56.0 million to $943.3 million in 2025, a 6.3% rise from $887.3 million in 2024[250] - The Corporation's Tier 1 risk-based capital ratio improved to 11.22% in 2025 from 10.85% in 2024, indicating enhanced capital adequacy[256] Deposits and Funding - Total deposits increased by $328.1 million, or 4.9%, from December 31, 2024, primarily due to increases in commercial, brokered, and public funds deposits[244] - The Corporation had $3.4 billion in uninsured deposits exceeding the FDIC insurance limit as of December 31, 2025[245] Investment and Asset Management - Wealth Management assets under management grew to $5.9 billion in 2025, up from $5.2 billion in 2024, reflecting a 13.5% increase[253] - Total investment securities increased by $2.3 million, or 0.5%, to $496.3 million as of December 31, 2025[222] Liquidity and Cash Management - The Corporation's liquidity position includes unencumbered cash and cash equivalents of $549.2 million as of December 31, 2025, compared to $327.8 million in 2024[274] - Committed borrowing capacity from the Federal Home Loan Bank and Federal Reserve Bank was $3.8 billion as of December 31, 2025, with $2.3 billion available[274] - The Corporation's cash requirements include $960.1 million in certificates of deposit due within one year as of December 31, 2025[277] Risk Management - The Corporation's loan portfolio is managed under strict underwriting standards to mitigate credit risk, focusing on borrower capacity and collateral[265] - The Corporation has a contingency funding plan to address liquidity needs in case of financial crises[273]

User Metrics - As of November 10, 2025, the ZCITY App had 2,708,782 registered users and 2,027 registered merchants[258] - The company reported a total of 21,734 new registered users in the quarter ended December 31, 2024, with active users decreasing to 4,799 by December 31, 2025[282] - As of December 31, 2025, the company recorded 2,709,077 registered users, with a decline in active users averaging 23.9% over the last five quarters[284] Revenue Streams - The company initiated a new revenue stream by offering customized software development services, targeting enterprise clients, with a partnership established in January 2025[264] - The company experienced a 258.1% increase in total revenues, rising to approximately $1.1 million for the three months ended December 31, 2025, compared to approximately $0.3 million for the same period in 2024[289] - Product and loyalty program revenue increased by approximately $0.8 million or 302.0% to approximately $1.1 million for the three months ended December 31, 2025, driven by higher demand for e-voucher products[290] - For the six months ended December 31, 2025, total revenues increased by approximately $754,250 or 148.1% to approximately $1.3 million from approximately $509,269 in the same period of 2024[305] - Product and loyalty program revenue surged by approximately $909,932 or 260.0% to approximately $1.3 million for the six months ended December 31, 2025, driven by higher demand for e-voucher products[306] Revenue Declines - Transaction revenue decreased by 91.0%, falling to approximately $3,000 for the three months ended December 31, 2025, compared to approximately $28,000 for the same period in 2024[292] - Member subscription revenue decreased by 100.0% to $0 for the three months ended December 31, 2025, from approximately $5,000 for the same period in 2024[293] - Transaction revenue decreased by approximately $67,975 or 95.0% to approximately $4,000 for the six months ended December 31, 2025, compared to approximately $72,000 for the same period in 2024[308] - Member subscription revenue dropped by 100.0% to $0 for the six months ended December 31, 2025, from approximately $88,000 in the same period of 2024, due to a slowdown in acquiring new customers[309] Cost and Expenses - Total cost of revenue increased by approximately $1.0 million, or 1,285.7%, for the three months ended December 31, 2025, compared to the same period in 2024[294] - General and administrative expenses increased by approximately $3.0 million or 389.3% for the three months ended December 31, 2025, driven by higher administrative costs and impairment losses[299] - Selling expenses decreased by approximately $15,000 or 37.8% for the three months ended December 31, 2025, primarily due to reduced marketing and promotion expenses[298] - Total cost of revenue increased by approximately $1.1 million or 1,014.8% for the six months ended December 31, 2025, compared to the same period in 2024, primarily due to increased product and loyalty program revenue[311] - General and administrative expenses rose by approximately $3.1 million or 196.3% to approximately $4.6 million for the six months ended December 31, 2025, driven by higher administrative costs and professional service fees[316] - Research and development expenses increased by approximately $720,000 or 899.0% to approximately $800,000 for the six months ended December 31, 2025, reflecting higher spending on A.I. related infrastructure[317] Profit and Loss - Gross profit for the three months ended December 31, 2025, was approximately $1,000, reflecting a decrease of approximately $223,044 or 99.6% compared to approximately $0.2 million for the same period in 2024[295] - Gross profit for the six months ended December 31, 2025, amounted to approximately $2,193, reflecting a decrease of approximately $393,930 or 99.4% from approximately $396,123 in the same period of 2024[312] - Net loss for the six months ended December 31, 2025, was approximately $5.2 million, representing an increase of approximately $4.1 million from a net loss of $1.2 million in the same period of 2024[321] - The company reported a net loss of approximately $5.2 million for the six months ended December 31, 2025[332] Cash and Financing - As of December 31, 2025, the company had approximately $5.5 million in cash and cash equivalents, a significant increase from approximately $0.2 million as of June 30, 2025[324] - The company issued 17,242 shares of common stock for a total cash consideration of $400,000 as of December 31, 2025[328] - A registered direct offering resulted in net proceeds of $2,160,000 after deducting offering-related costs of $340,000[329] - Net cash used in operating activities for the six months ended December 31, 2025 was approximately $4.7 million, compared to $1.6 million for the same period in 2024[331][333] - The company recorded a net cash provided by financing activities of approximately $10.96 million for the six months ended December 31, 2025, compared to $3.94 million in 2024[331][336] Impairments and Allowances - As of December 31, 2025, the company recorded an impairment for long-lived assets of $22,562,180[344] - The company has provided an allowance for credit loss of $2,423,937 for other receivables as of December 31, 2025[343] - The company recorded an unrealized holding loss on marketable securities of $0 for the six months ended December 31, 2025, compared to an unrealized holding gain of approximately $0.3 million in 2024[345] Going Concern - The company has substantial doubt about its ability to continue as a going concern due to recurring losses and insufficient funds to meet working capital requirements[330] - The company is exploring equity financing to support working capital needs, but there is no guarantee that this will alleviate the going concern risk[330] Stock-Based Compensation - Stock-based compensation for the six months ended December 31, 2025, amounted to approximately $0.5 million, compared to $0.1 million for the same period in 2024[351] - The fair value of stock-based compensation is recognized over the requisite service period, with performance-based compensation for subsequent years[351] Internal Controls - Management identified material weaknesses in internal control over financial reporting, including inadequate U.S. GAAP expertise and lack of a functional internal audit department[360] - Plans to address identified weaknesses include hiring qualified accounting personnel and implementing regular U.S. GAAP training programs[360] - The company has not identified any changes in internal control over financial reporting that materially affected its internal control during the quarter ended December 31, 2025[359] - Disclosure controls and procedures were deemed ineffective as of December 31, 2025, due to material weaknesses[357] Corporate Governance - The company plans to strengthen corporate governance as part of its remedial measures[360]

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 Commission file number: 1-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 State or other jurisdiction of incorporation or organization: I.R.S. Employer Identification Number: | 127 Public Square, Cleveland, Ohio | 44114-1306 | | --- | --- | | Address of principal executive offices: | Zip Co ...