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 No. 001-7784 Lumen Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

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: 001-35897 Voya Financial, Inc. | (Exact name of registrant as specified in its charter) | | | | | --- | --- | --- | --- | | ...

Customer Concentration and Sales - The company's 10 largest customers accounted for approximately 40% of total sales in 2025, with the largest customer being Shaw, a major consumer of Nylon 6 resin and caprolactam [100]. - The company is exposed to risks associated with customer concentration, and the loss of significant customers could have a detrimental effect on financial performance [100]. Economic and Market Risks - The company faces significant risks from economic volatility, including inflation and potential recessionary pressures, which could adversely affect sales and margins [90]. - Economic conditions and credit availability could impact the financial situation of raw material suppliers, affecting the company's ability to run production facilities at intended rates [97]. - The company is subject to risks related to international trade policies, which could affect its competitive position and demand for products [140]. - The imposition of tariffs and trade barriers could increase product prices and decrease customer demand, adversely affecting the company's financial results [141]. Operational and Production Risks - Fluctuations in raw material prices, such as cumene, natural gas, and sulfur, are critical to product costs, and inability to offset these costs could negatively impact financial results [95]. - The company relies on third-party transportation for raw materials and product shipments, and disruptions in this area could materially affect operations and financial condition [99]. - The company has experienced operational issues in the past, which could lead to unplanned downtime and negatively impact production and financial performance [92]. - Hazards associated with chemical manufacturing could lead to operational interruptions, adversely affecting productivity and profitability [105]. Financial and Capital Risks - The capital-intensive nature of the industry may require additional financing for growth and development, which may not be available on favorable terms [101]. - The company may need to make significant cash contributions to its defined benefit pension plan, which could adversely impact financial condition and cash flow [124]. - The company may need to record significant impairment charges related to goodwill, intangibles, and other long-lived assets due to various indicators such as performance changes and stock price declines [125]. - The company has restrictive covenants associated with its indebtedness that limit its ability to incur additional debt, pay dividends, or make investments [127]. - A breach of covenants could result in an event of default, leading to accelerated repayment obligations that may adversely affect the company's financial condition [129]. Regulatory and Compliance Risks - The company faces potential liabilities related to environmental regulations and may incur substantial costs if found in violation of these laws [130]. - Changes in environmental regulations could require additional capital expenditures, impacting the company's operating costs and efficiency [133]. - The company must maintain effective internal controls over financial reporting, and failure to do so could result in penalties and a decline in stock price [142]. - Difficulties in implementing internal controls may harm the company's operating results and reporting obligations, potentially affecting profitability [144]. Competitive and Technological Risks - Competition in the industry is intense, with factors such as price, product quality, and service influencing market position, and failure to innovate could adversely affect business [102]. - The adoption of AI technologies is increasing in the industry, and competitors deploying AI more effectively may gain operational advantages [121]. Cybersecurity and External Risks - The company is exposed to cybersecurity threats that could disrupt operations and result in significant financial losses [118]. - The company is exposed to risks from events beyond its control, which could adversely impact its financial condition and results of operations [126]. Shareholder and Stock Price Risks - The stock price may fluctuate significantly due to various factors, including operational results, business strategies, competition, and macroeconomic conditions [147]. - Stockholder activism could lead to increased costs and management distraction, adversely impacting business and financial results [148]. - The company cannot guarantee the timing or amount of dividends, which may be limited by the terms of its indebtedness [150]. - Future stockholder ownership percentage may be diluted due to common stock-based equity awards and potential capital-raising equity issuances [151]. - Certain provisions in the company's governing documents may discourage or prevent hostile takeovers, even if they offer stockholders a premium [152]. Interest Rate Risks - The company is exposed to interest rate risk primarily through its Revolving Credit Facility, which bears interest at floating rates [284]. - A 25-basis point fluctuation in interest rates could result in an increase or decrease of approximately $0.5 million in interest expense based on current borrowing levels [285].

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 1-11356 RADIAN GROUP INC. Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessm ...

Industry Challenges - The company reported significant uncertainties in the energy industry, including fluctuations in global oil and natural gas prices, which could impact future performance [81]. - The management highlighted the ongoing transition to alternative energy sources as a critical factor affecting business conditions and growth expectations [81]. - The company has identified potential risks including fluctuations in oil prices and regulatory changes that could impact future performance [82]. Operational Efficiency - There are risks associated with the availability and increased costs of chartered vessels, which could affect operational efficiency [86]. - The company is committed to maintaining compliance with evolving environmental regulations, which may impact operational costs and strategies [86]. - The management is aware of the competitive nature of the industry and is strategizing to mitigate risks associated with contract cancellations and changes [86]. Financial Performance - The company reported a significant increase in revenue, with a year-over-year growth of 15% to $1.2 billion in the last quarter [81]. - Future financial performance will be influenced by the availability and terms of capital deployment, as well as currency exchange rate fluctuations [81]. - The company expects revenue growth to continue, projecting a 10% increase for the next quarter, driven by new product launches [81]. Technology and Innovation - The company is focused on enhancing its mobile robotics technology products, aiming to capture a larger market share in this segment [81]. - Investment in new technologies is set to increase by 25% in the upcoming fiscal year, focusing on mobile robotics and subsea solutions [81]. Market Expansion - The company plans to expand its market presence in Asia, targeting a 30% increase in sales in that region over the next two years [81]. - A strategic acquisition of a smaller competitor is anticipated to close by Q3 2026, expected to enhance service capabilities and market share [81]. Leadership and Governance - The executive team includes experienced leaders, such as Roderick A. Larson, who has been with the company since 2012 and serves as President and CEO [87]. - The executive team has undergone changes, with new appointments aimed at strengthening leadership in key operational areas [87]. - Catherine E. Dunn was appointed Vice President and Chief Accounting Officer in 2023, having joined Oceaneering in 2002 and served as Corporate Controller since 2012 [100]. - The board of directors includes M. Kevin McEvoy as Chair, with a diverse range of experience across various industries [101]. - Roderick A. Larson has been the President and CEO of Oceaneering since 2017, indicating stability in leadership [101]. - The company has a total of 15 directors as of February 13, 2026, reflecting a robust governance structure [102]. Cybersecurity - The company is enhancing its cybersecurity measures in response to increasing threats, with a budget increase of 15% allocated for this purpose [86]. Credit Market Monitoring - The company is actively monitoring credit market volatility, which could affect its financial stability and growth prospects [86].

FORM 8-K CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 20, 2026 22nd Century Group, Inc. (Exact Name of Registrant as Specified in Charter) Nevada 001-36338 98-0468420 (State or Other Jurisdiction of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 321 Farmington Rd., Mocksville, North Carolina 27028 (Address of ...

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 Commission file number: 0-27275 Akamai Technologies, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ...

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 001-37848 KINSALE CAPITAL GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 98-0664337 (State or ot ...

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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ IDEXX LABORATORIES, INC. (Exact name of registrant as specified in its charter) Delaware 01-0393723 (State or other jurisdiction of ...

Financial Performance - Kforce's Technology business represents 93% of overall revenues, with total revenues decreasing 4.8% year-over-year to $1.2 billion in 2025[33]. - Revenue for the year ended December 31, 2025, decreased 5.4% to $1.33 billion from $1.41 billion in 2024, primarily due to decreases in consultants on assignment[133]. - Flex revenue decreased 5.3% to $1.30 billion in 2025 from $1.38 billion in 2024, with Technology Flex revenue decreasing 4.7% and FA Flex revenue decreasing 12.8%[133]. - Direct Hire revenue decreased 11.1% to $25.7 million in 2025 from $28.9 million in 2024[133]. - Net income for the year ended December 31, 2025, decreased 30.9% to $34.8 million, or $1.96 diluted earnings per share, from $50.4 million, or $2.68 diluted earnings per share, in 2024[133]. - Selling, General and Administrative expenses as a percentage of revenue increased to 23.0% from 22.0% in 2024, primarily due to declines in revenue and gross profit[133]. - The firm experienced a decline in gross profit margin, decreasing 20 basis points to 27.2% in 2025 from 27.4% in 2024[133]. - The company's net income for 2025 was $34,825,000, down 30.9% from $50,414,000 in 2024[192]. - The effective tax rate for 2025 was 25.8%, slightly up from 25.4% in 2024[152]. - Cash provided by operating activities was $61.645 million in 2025, down from $86.874 million in 2024, primarily due to lower profitability levels[161]. Market Position and Strategy - The technology temporary staffing industry is projected to generate revenues of $38 billion in 2026, with Kforce holding approximately 3% market share[43]. - Kforce's integrated strategy aims to enhance service delivery and accelerate revenue growth, targeting an operating margin of approximately 8% at $1.7 billion in annual revenues[49]. - Kforce focuses on technology staffing and solutions, with over 93% of its business concentrated in this area, enhancing its competitive advantage[53]. - Kforce's strategic partnerships with market leaders like Microsoft and Workday are expected to enhance operational efficiency through AI integration[51]. - The staffing industry is highly competitive, with significant pricing pressures and limited barriers to entry for new competitors, impacting Kforce's market share[74]. Operational Developments - The company established a development center in Pune, India, in January 2025 to enhance its offshore delivery capabilities[22]. - Kforce's commitment to employee well-being includes flexible work environments and comprehensive health and wellness programs[64]. - Kforce's strategic initiatives, including technological transformation and the establishment of an India development center, aim to enhance service offerings and profitability[75]. Economic and Regulatory Risks - The unemployment rate increased to 4.4% in December 2025, indicating broader economic uncertainty, yet demand for skilled professionals in technology remains strong[44]. - Kforce faces risks related to economic fluctuations, which can significantly affect demand for its services and overall financial performance[70]. - The company is subject to immigration regulations that could restrict the hiring of skilled foreign nationals, impacting its ability to meet client needs[92]. - Kforce's business model may be adversely affected by reclassification of independent contractors, leading to potential retroactive wages and tax liabilities[94]. - Increases in payroll-related costs could negatively impact financial results, as the company may struggle to raise client fees in response[95]. - The company is exposed to tax audits and changes in tax laws, which could affect its tax obligations and effective tax rate[96]. - Kforce's operations could be impacted by government regulations affecting the workplace, potentially increasing costs and compliance burdens[97]. Financial Management and Shareholder Returns - Kforce has returned $1.1 billion to shareholders since 2007, indicating a strong commitment to shareholder value[23]. - The firm returned $76.0 million of capital to shareholders, including $48.5 million in open market repurchases and $27.5 million in quarterly dividends[133]. - The Board declared dividends of $27.493 million in 2025, reflecting a per-share dividend of $1.56[163]. - In January 2026, the Board approved an increase in the dividend to $1.60 per share, marking the seventh consecutive annual increase[164]. - The company repurchased 1,205,000 shares for $48,552,000 in 2025, with $97.2 million remaining available for future repurchases under the stock repurchase program[167]. Challenges and Concerns - Kforce's dependence on key management and operating employees is critical; losing any key executive could adversely affect strategic priorities and financial objectives[85]. - Cybersecurity risks are a significant concern, with potential unauthorized access to sensitive information that could disrupt operations and harm financial results[86]. - Kforce relies on third-party suppliers for consultants, and any economic or regulatory changes could hinder their ability to provide necessary services, impacting client satisfaction and market expansion[81]. - The company faces risks from third-party software providers, including potential downtime and misalignment with business needs, which could lead to increased costs and operational inefficiencies[82]. - A hypothetical 10% increase in interest rates would increase annual interest expense by less than $500,000 based on the outstanding amount under the Credit Facility[180]. Financial Metrics and Ratios - Total assets increased to $365,638 thousand in 2025 from $357,834 thousand in 2024, representing a growth of 0.8%[195]. - Total liabilities increased to $241,035 thousand in 2025 from $203,216 thousand in 2024, reflecting an increase of 18.6%[195]. - Stockholders' equity decreased to $124,603 thousand in 2025 from $154,618 thousand in 2024, a decline of 19.4%[195]. - Cash and cash equivalents rose significantly to $2,142 thousand in 2025 from $349 thousand in 2024, marking a substantial increase of 512.6%[200]. - Capital expenditures for 2025 were $14,840 thousand, significantly higher than $7,573 thousand in 2024, an increase of 96.0%[200].