Interest Expense and Income - For the three months ended September 30, 2025, interest expense totaled $14,790,000, a decrease from $27,401,000 in the same period of 2024[51] - For the nine months ended September 30, 2025, interest expense was $49,081,000, down from $83,703,000 in the corresponding period of 2024[51] - The Company capitalizes and amortizes debt issuance costs over the term of the respective debt instrument, impacting interest expense recognition[47] - The Company's net interest margin for the three months ended September 30, 2025, was $8.471 million, down from $11.944 million in the same period of 2024[151] Loans and Investments - The Company monitors its loans held for investment portfolio through borrower review, economic review, property review, and market review[39] - As of September 30, 2025, the Company held 27 loans for investment with an outstanding principal of $1.3 billion, down from $1.7 billion as of December 31, 2024[53] - The total loans held for investment portfolio had a carrying amount of $1.231 billion and an outstanding principal of $1.292 billion as of September 30, 2025[54] - The weighted average unleveraged effective yield for the total loans held for investment portfolio was 6.1% as of September 30, 2025[54] - The Company experienced a loan payoff of $530.6 million during the nine months ended September 30, 2025[61] - The Company continues to monitor and evaluate its loans, making modifications as necessary based on individual circumstances[60] - As of September 30, 2025, the Company had three loans on non-accrual status with a carrying value of $271.8 million, down from five loans valued at $318.4 million as of December 31, 2024[63] - The Company's CECL Reserve for loans held for investment is $117.3 million, representing 880 basis points of the total loans held for investment commitment balance of $1.3 billion[68] Real Estate Assets - The Company evaluates real estate assets held for investment for impairment on a quarterly basis, considering factors such as significant underperformance and economic trends[46] - Total real estate owned held for investment as of September 30, 2025, is valued at $146,137 thousand, net of accumulated depreciation of $12,285 thousand[82] - The Company has no impairment charges recognized for real estate owned held for investment as of September 30, 2025[82] - The net real estate owned held for investment is $133,852 thousand, down from $139,032 thousand as of December 31, 2024[82] Revenue Recognition - Revenue from real estate owned includes operations from properties acquired in September 2024 and June 2024, with a focus on rental revenue from operating leases[49][50] - The Company recognizes rental revenue on a straight-line basis over the lease term when collectability is probable, including variable lease payments[50] - Future minimum lease payments to be collected under non-cancelable operating leases total $107,044 thousand as of September 30, 2025[87] Financial Performance - For the three months ended September 30, 2025, the net income attributable to common stockholders was $4,653,000, compared to a net loss of $5,880,000 for the same period in 2024[106] - Basic earnings per common share for the three months ended September 30, 2025, was $0.08, while for the same period in 2024, it was $(0.11)[106] - The total income tax expense for the nine months ended September 30, 2025, was $280,000, compared to a benefit of $(1,000) for the same period in 2024[109] - Total cash dividends declared for the nine months ended September 30, 2025, amounted to $25.09 million, with a per share amount of $0.45, compared to $41.42 million and $0.75 per share for the same period in 2024[136] Risk Management - A significant increase in interest rates could strain operating cash flows of real estate assets, potentially leading to non-performance or default[230] - The estimated fair value of fixed-rate investments is expected to decrease in a rising interest rate environment, while it would generally increase in a decreasing interest rate environment[234] - Prepayment rates on existing CRE loans can negatively impact net income if they occur faster than anticipated, potentially leading to liquidity issues[235] - The company is subject to risks from defaults by large banking institutions, which could impact liquidity and borrowing capabilities[236] - Continued weakness in financial markets could adversely affect lenders' willingness to provide financing, increasing costs[239] - Real estate investments are subject to volatility from various factors, including economic conditions and rising operating costs, which could pressure cash flow performance[240] - Inflation risks are significant as changes in interest rates may not correlate with inflation rates, potentially leading to lower investment returns[241] Commitments and Facilities - The outstanding balance of the Company's Financing Agreements as of September 30, 2025, is $693,046 thousand, with total commitments of $1,100,000 thousand[88] - The Company has total commitments of $1,332.2 million as of September 30, 2025, down from $1,773.1 million as of December 31, 2024, resulting in total unfunded commitments of $40.6 million[99] - The Secured Term Loan has a total commitment of $100.0 million, with an outstanding principal balance of $100.0 million as of September 30, 2025[96] - The effective interest rate of the Secured Term Loan was 6.1% for the three months ended September 30, 2025, compared to 5.7% for the same period in 2024[97] - The Company has a master repurchase facility with Citibank with a maximum commitment of $325.0 million, which can be increased to $425.0 million[92] - The Wells Fargo Facility allows the Company to borrow up to $450.0 million, with the potential to increase to $500.0 million[91] - The CNB Facility has a maximum commitment of $75.0 million, with no immediate availability as of September 30, 2025[93] Management and Fees - The Company recorded a base management fee of $2.42 million for Q3 2025, down from $2.65 million in Q3 2024, and a total of $7.42 million for the nine months ended September 30, 2025, compared to $8.11 million for the same period in 2024[132] - The incentive fee structure is based on Core Earnings, with no incentive fees incurred for the three and nine months ended September 30, 2025, and 2024[127] - The term of the Management Agreement is set to end on April 25, 2026, with automatic one-year renewal terms thereafter[131] - The Company is responsible for its proportionate share of certain fees and expenses, including due diligence costs, as determined by ACREM and Ares Management[128] - The Company will not reimburse ACREM for salaries and other compensation of its personnel, except for specific allocable shares[129] Acquisitions and Fair Value - The Company recognized a realized loss of $33.0 million for the nine months ended September 30, 2025, due to a discounted payoff on a senior mortgage loan with an outstanding principal of $51.5 million[66] - The Company recognized a realized loss of $5.8 million on the acquisition of an office property in North Carolina, with the property's fair value at acquisition being $60.2 million[77] - The Company recognized a realized loss of $16.4 million on the acquisition of an office property in California, with an estimated fair value of $14.5 million at acquisition[78] - The fair value of loans held for investment is determined based on a discounted cash flow methodology, considering various market factors[123] - The fair value of the office property acquired on September 19, 2024, was estimated using capitalization rates ranging from 6.4% to 11.0% and discount rates from 14.0% to 16.0%[119] - The fair value of the mixed-use property acquired on September 8, 2023, was estimated using capitalization rates ranging from 6.4% to 8.3% and discount rates from 8.0% to 9.5%[120]

Financial Performance - Third quarter GAAP net income was $4.7 million, or $0.08 per diluted common share, with Distributable Earnings of $5.5 million, or $0.10 per diluted common share[1][2] - The total revenue for the third quarter was $14.1 million, compared to $16.7 million in the same quarter of 2024, reflecting a decrease of approximately 15.5%[14] - Interest income for the third quarter was $23.3 million, down from $39.3 million in the same quarter of 2024[14] - The company reported a net interest margin of $8.5 million for the third quarter, compared to $11.9 million in the same quarter of 2024[14] - Distributable Earnings (Loss) for the three months ended September 30, 2025, was $5,496,000, while for the twelve months it was $(23,471,000)[19] - Net income attributable to common stockholders for the three months ended September 30, 2025, was $4,653,000, compared to $(7,701,000) for the twelve months[19] - Basic Distributable Earnings (Loss) per common share for the three months was $0.10, while it was $(0.43) for the twelve months[19] - Diluted Distributable Earnings (Loss) per common share for the three months was $0.10, while it was $(0.42) for the twelve months[19] Capital and Liquidity - Year-to-date, the company has collected nearly $500 million in repayments, enhancing its liquidity position[2] - As of September 30, 2025, the company had approximately $173 million in available capital[2] - The company closed $271 million in new loan commitments subsequent to the third quarter[1] Assets and Reserves - Total assets as of September 30, 2025, were $1.39 billion, a decrease from $1.75 billion as of December 31, 2024[13] - The current expected credit loss reserve was $115.3 million, down from $136.2 million at the end of 2024[13] Dividends and Distributions - The company declared a fourth quarter 2025 dividend of $0.15 per common share, consistent with the third quarter dividend[6] - The Company is required to distribute substantially all of its taxable income to maintain its REIT status[18] - Distributable Earnings (Loss) is aligned with the calculation of "Core Earnings" used for incentive fee calculations[18] - The Company believes Distributable Earnings (Loss) provides useful information regarding its ability to pay dividends[18] Expenses - Stock-based compensation for the three months was $1,024,000, and $4,133,000 for the twelve months[19] - Depreciation and amortization of real estate owned amounted to $2,009,000 for the three months and $8,747,000 for the twelve months[19] - Provision for (reversal of) current expected credit losses, net, was $(2,190,000) for the three months and $(28,650,000) for the twelve months[19]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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: 001-38358 INSEEGO CORP. (Exact name of registrant as specified in its charter) Delaware 81-3377646 (State or Other Jurisdiction of Incorpo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 ____________ 555 Ellis Street Mountain View, CA 94043 (Address of principal executive offices) (Zip Code) Registrant's telephone number, 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 September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to CROWN PROPTECH ACQUISITIONS (Exact name of registrant as specified in its charter) Cayman Islands 001-40017 N/A (State or other jurisdiction of (Addres ...

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 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 8 SOUND SHORE DRIVE, SUITE 255 GREENWICH, CONNECTICUT 06830 (Address of principal executive office) (203) 983-5275 ...

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: 001-37478 NATERA, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 01-0894487 (State or O ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 28, 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 001-41069 SWEETGREEN, INC. (Exact name of registrant as specified in its charter) Delaware 27-11592 ...

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 333-259554 Delaware 37-1827430 (State or other jurisdiction of incorporation or organization) (I.R.S. E ...

(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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) Prosperity Bank Plaza 4295 San Felipe, Houston, Texas 77027 (Address of principal executive offices) (Zip Code) TEXAS 74-2 ...