Assets Under Management (AUM) - The company reported a total of Fee-earning AUM, which includes the fair value of investments in Carlyle products, reflecting a significant increase in assets under management[20] - The strategic advisory services agreement with Fortitude contributed to the total AUM and Fee-earning AUM, which includes third-party capital raised for investment in Fortitude[22] - Performance Fee Eligible AUM represents the AUM of funds entitled to performance allocations, indicating a strong performance in investment returns[28] - Perpetual Capital includes various assets managed under strategic advisory agreements, indicating a diversified investment strategy[29] Risk Management - There were no material changes in market risks during the nine months ended September 30, 2025, indicating stability in the company's risk exposure[688] - The company maintains a comprehensive due diligence approach for investment decisions, focusing on key factors such as cash flow generation and competitive risks[685] Internal Controls and Reporting - The design and operation of the company's disclosure controls and procedures were effective, ensuring timely and accurate reporting of required disclosures[690] - The company has not experienced any changes in internal control over financial reporting that materially affected its operations during the fiscal quarter ended September 30, 2025[691] Investment Process - The investment process involves close monitoring of portfolio company performance through frequent management contact and financial reporting[687] - The company’s Legacy Energy Funds are being disposed of in the ordinary course of business, with their impact on results diminishing[30]

Expansion and Development - The company operates 57 restaurants across various states and South Korea, with plans for continued expansion[149]. - During the first nine months of 2025, the company opened 15 new restaurants and closed one, with 16 more under development[151]. - In the first nine months of 2025, the company opened 15 new restaurants, all self-funded[215]. Financial Performance - Revenue for the three months ended September 30, 2025, was $50.4 million, an increase of $1.3 million or 2.7% compared to $49.1 million in the same period of 2024, driven by an increase in the number of restaurants from 41 to 57[182]. - For the nine months ended September 30, 2025, revenue was $162.8 million, an increase of $9.0 million or 5.9% compared to $153.7 million in 2024, attributed to the opening of 16 additional restaurants[192]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $3.3 million, with an Adjusted EBITDA Margin of 2.0%, compared to $11.3 million and 7.3% for the same period in 2024[206]. - Restaurant-Level Adjusted EBITDA for the nine months ended September 30, 2025, was $25.5 million, with a Restaurant-Level Adjusted EBITDA Margin of 15.6%, compared to $27.6 million and 18.0% for the same period in 2024[212]. Costs and Expenses - Food costs increased to $17.5 million for the three months ended September 30, 2025, up $2.0 million or 13.6% from $15.4 million in 2024, with food costs as a percentage of revenue rising to 34.8% from 31.4%[183]. - Payroll and benefits costs decreased to $14.4 million, down $0.6 million or 3.9% from $15.0 million in 2024, resulting in a reduction in payroll costs as a percentage of revenue from 30.5% to 28.5%[184]. - Occupancy expenses rose to $5.4 million, an increase of $1.3 million or 31.9% compared to $4.1 million in 2024, with occupancy expenses as a percentage of revenue increasing to 10.8% from 8.4%[185]. - Total restaurant operating expenses for the three months ended September 30, 2025, were $48.1 million, an increase of $4.4 million or 10.0% from $43.8 million in 2024[182]. - General and administrative expenses increased to $6.5 million, up $1.3 million or 23.8% from $5.2 million in 2024, with these expenses as a percentage of revenue rising to 12.8% from 10.6%[189]. - The total costs and expenses for the nine months ended September 30, 2025, were $170.6 million, an increase of $18.7 million or 12.3% from $151.9 million in 2024[192]. - General and administrative expenses grew by $4.3 million, or 28.7%, to $19.2 million for the nine months ended September 30, 2025, primarily due to additional marketing and personnel costs[200]. Profitability and Loss - The net loss for the three months ended September 30, 2025, was $3.6 million, compared to a net income of $0.2 million in 2024, representing a decrease of $3.8 million or 2246.7%[182]. - Net cash provided by operating activities for the nine months ended September 30, 2025 was $3.8 million, down from $10.5 million in the same period of 2024[223][224]. Debt and Financing - The company entered into a $20 million line of credit with PCB Bank, maturing on September 25, 2026, with no outstanding amounts as of September 30, 2025[152]. - As of September 30, 2025, the company had a balance of $1.5 million on a $2 million loan and $3.7 million on a $4 million loan, both with a 7.50% interest rate[153][154]. - As of September 30, 2025, the company had $13.3 million in contractual obligations related to debt, expected to be paid within the next 12 months[230]. - The company utilized $5.0 million for payments on the line of credit and third-party notes payable during the nine months ended September 30, 2025[227]. Market and Economic Conditions - Inflation has not had a material effect on the company's operations historically, including the first nine months of 2025[245]. - The company is exposed to interest rate risk with $6.3 million of outstanding loans bearing interest at the Wall Street Journal Prime Rate plus 0.25%[247]. - The company experienced a foreign currency translation loss of $74 thousand due to the depreciation of the South Korean won against the U.S. dollar[229]. Other Financial Activities - The company completed an IPO on June 30, 2023, selling 4,140,000 shares of Class A common stock at $12.00 per share, resulting in net proceeds of approximately $46.2 million[214]. - The company declared a dividend of $0.03 per share in May 2025, resulting in total payments of $988 thousand[221]. - The expected reduction in tax payments associated with the Tax Receivable Agreement is approximately $117.2 million through 2037, with $99.6 million payable to certain members of GEN LLC[217]. - Pre-opening costs increased to $7.0 million for the nine months ended September 30, 2025, compared to $5.3 million for the same period in 2024, reflecting more restaurants under development[199]. - Depreciation and amortization expenses rose to $6.5 million for the nine months ended September 30, 2025, with restaurant-level depreciation and amortization as a percentage of revenue increasing from 3.2% to 4.0%[198].

Financial Performance - HEI reported a net income of $31 million, or $0.18 per share, for Q3 2025, compared to a net loss of $83 million in Q3 2024[2] - Core income from continuing operations was $33 million, or $0.19 per share, down from $33 million, or $0.29 per share in Q3 2024[2] - Hawaiian Electric's net income for Q3 2025 was $37 million, a significant recovery from a net loss of $83 million in Q3 2024[5] - Core net income for Hawaiian Electric was $40 million in Q3 2025, compared to $44 million in the same quarter last year[6] - Revenues for Q3 2025 were $787,428, a decrease of 5.1% from $829,617 in Q3 2024[19] - Net income for Q3 2025 was $37,486, compared to a net loss of $82,087 in Q3 2024[19] - Core earnings for Q3 2025 were $32,808, compared to $32,724 in Q3 2024, showing a slight increase[23] - For the three months ended September 30, 2025, Hawaiian Electric reported a GAAP net income of $36.988 million, compared to a net loss of $82.585 million for the same period in 2024[24] - For the nine months ended September 30, 2025, Hawaiian Electric's GAAP net income was $123.954 million, a recovery from a net loss of $1.272758 billion in the same period of 2024[24] Revenue and Expenses - Total revenues for HEI in Q3 2025 were $790.6 million, down from $833.2 million in Q3 2024[18] - Total expenses decreased to $738.6 million in Q3 2025 from $983 million in Q3 2024[18] - Total expenses for Q3 2025 were $724,635, down 22.4% from $934,181 in Q3 2024[19] - The utility's operating income was $62.8 million in Q3 2025, recovering from an operating loss of $104.6 million in Q3 2024[18] Wildfire and Windstorm Expenses - The company reported a total of $59,834 in pretax expenses related to Maui windstorm and wildfires for Q3 2025[22] - Total Maui windstorm and wildfires related expenses, net of insurance recoveries and approved deferral treatment, amounted to $3.571 million for Q3 2025, significantly down from $170.036 million in Q3 2024[24] - The total Maui windstorm and wildfires related expenses for the nine months ended September 30, 2025, were $10.607 million, down from $1.891576 billion in the same period of 2024[24] - Total Maui windstorm and wildfires related expenses for Holding and Other Companies, net of insurance recoveries, were $956,000 for Q3 2025, compared to $4.721 million in Q3 2024[25] Liquidity and Financial Strategy - HEI expanded its credit facility capacity to $600 million from $375 million, enhancing liquidity for critical investments[2] - The company anticipates the first settlement payment related to the Maui wildfire litigation will occur no earlier than Q1 2026[4] - The company expects ongoing review of strategic options for Pacific Current to impact future earnings positively[21] Operational Metrics - Average fuel oil cost per barrel decreased to $98.20 in Q3 2025 from $114.61 in Q3 2024, a reduction of 14.5%[19] - Kilowatthour sales increased to 2,234 million in Q3 2025, up from 2,191 million in Q3 2024, representing a growth of 1.96%[19] - The return on average common equity for the twelve months ended September 30, 2025, was 12.8%[19] Holding and Other Companies - Holding and Other Companies reported a GAAP net loss of $6.241 million for the three months ended September 30, 2025, compared to a loss of $40.595 million in Q3 2024[25] - Non-GAAP (Core) net loss for Holding and Other Companies was $6.832 million for the three months ended September 30, 2025, compared to a loss of $10.943 million in the same period of 2024[25] - The total insurance recoveries for Holding and Other Companies amounted to $48.640 million for Q3 2025, compared to $2.533 million in Q3 2024[25] - For the nine months ended September 30, 2025, Holding and Other Companies reported a net loss of $40.451 million, an improvement from a loss of $78.931 million in the same period of 2024[25]

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: 001-38801 AerSale Corporation (Exact name of registrant as specified in its charter ...

Financial Performance - Total revenues for Q3 2025 increased 0.8% to a record $3.2 million, driven by higher occupancy and effective revenue management [4] - Net income decreased to $496,000 or $0.04 per diluted share, down from $1.2 million or $0.10 per diluted share in the same period last year [17] - Funds from operations (FFO) decreased 8.0% to $1.0 million or $0.09 per diluted share, compared to $1.1 million or $0.10 per diluted share in Q3 2024 [22] - Adjusted FFO (AFFO) decreased 6.0% to $1.1 million or $0.10 per diluted share, down from $1.2 million or $0.10 per diluted share in the same period last year [22] - Same-store net operating income (NOI) decreased 3.0% to $1.97 million, primarily due to increased operating expenses [19] - Total revenues for Q3 2025 were $3,225,671, a slight increase from $3,200,276 in Q3 2024, representing a growth of approximately 0.8% [48] - Rental income for Q3 2025 was $3,099,499, compared to $3,070,871 in Q3 2024, indicating an increase of about 0.9% [48] - Same-store net operating income for Q3 2025 was $1,967,978, down from $2,028,542 in Q3 2024, reflecting a decrease of approximately 3% [49] - Net income for Q3 2025 was $496,259, significantly lower than $1,181,657 in Q3 2024, a decline of about 58% [48] Capital and Resources - Capital resources as of September 30, 2025, totaled approximately $24.8 million, including $7.5 million in cash and $14.8 million available under the revolving credit facility [17] - The company reported total assets of $64,836,337 as of September 30, 2025, a decrease from $65,515,024 at the end of 2024 [47] - Total liabilities decreased to $17,901,851 as of September 30, 2025, down from $18,077,347 at the end of 2024 [47] - The company’s accumulated deficit increased to $(2,982,329) as of September 30, 2025, compared to $(2,235,236) at the end of 2024 [47] Operational Strategy - The company maintained a quarterly dividend of $0.0725 per common share, consistent with the previous quarter and the same period last year [5] - Management remains focused on executing its strategic business plan, which includes growth through acquisitions and expansion in select markets [13] - The company operates 12 same-store properties as of September 30, 2025, with no non-same-store properties [42] Forward-Looking Statements - Adjusted funds from operations (AFFO) are not explicitly stated but are considered alongside net income and cash flows for a better understanding of operational results [39] - The company emphasizes that forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially [44] Occupancy and Market Performance - Same-store occupancy rose 170 basis points to 93.2% from 91.5% year-over-year, marking a sector-leading growth [20] - For the first nine months of 2025, total revenues increased 2.2% to $9.5 million, compared to $9.3 million in the same period last year [23]

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: 001-38593 Establishment Labs Holdings Inc. (Exact name of Registrant as specified in its charter) Brit ...

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: 001-41761 Cheetah Net Supply Chain Service Inc. (Exact name of registrant as specified in its charter) North Carolina 81 ...

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 4 Liberty Lane West, Hampton, NH 03842 ☐ 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: 001-37534 PLANET FITNESS, INC. (Exact Name of Registrant as Specified in ...

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: 001-33551 Blackstone Inc. (Exact name of registrant as specified in its charter) Delaware 20-8875684 (State or other jurisdicti ...

BRIDGER AEROSPACE GROUP HOLDINGS, INC. 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: 001-41603 ______________________ ...