Financial Performance - Operating revenues for Q3 2025 were $4,971 million, a decrease of 20.9% compared to $6,288 million in Q3 2024[19] - Net income for Q3 2025 was $652 million, down 64.5% from $1,837 million in Q3 2024[20] - Operating income for the nine months ended September 30, 2025, was $1,432 million, a decline of 58.8% from $3,482 million in the same period of 2024[19] - Net income attributable to Vistra common stock for Q3 2025 was $604 million, a decrease of 67.2% from $1,840 million in Q3 2024[19] - The net income for the quarter ending June 30, 2025, was $652 million, a significant increase from a net loss of $268 million in the previous quarter[33] - The net income for the quarter ending June 30, 2024, was $1,888 million, a substantial increase compared to the previous year's performance[34] Assets and Liabilities - Total current assets increased to $8,381 million as of September 30, 2025, compared to $8,119 million at the end of 2024[22] - Total liabilities rose to $32,797 million as of September 30, 2025, up from $32,187 million at the end of 2024[22] - As of March 31, 2025, the total stockholders' equity was $4,838 million, down from $5,570 million at December 31, 2024, reflecting a decrease of approximately 13.2%[33] - The total equity, including noncontrolling interest, was $5,223 million as of September 30, 2025, down from $5,836 million at March 31, 2025[33] Cash Flow and Expenditures - Cash provided by operating activities for the nine months ended September 30, 2025, was $2,638 million, down from $3,210 million in 2024[28] - Capital expenditures for the nine months ended September 30, 2025, were $1,916 million, compared to $1,648 million in 2024[28] - The company reported a net change in cash, cash equivalents, and restricted cash of $(584) million for the nine months ended September 30, 2025[30] Stock and Dividends - The weighted average shares of common stock outstanding for Q3 2025 were 338,749,454, compared to 342,969,916 in Q3 2024[19] - The company declared dividends of $79 million on common stock and $39 million on preferred stock for the quarter ending June 30, 2025[33] - Stock repurchases totaled $190 million for the quarter ending June 30, 2025, contributing to a cumulative reduction in treasury stock[33] Mergers and Acquisitions - The Energy Harbor Merger resulted in a total purchase price of $4,596 million, with an acquisition date fair value of Energy Harbor at $5,407 million[66] - The company issued $747 million in equity to acquire Energy Harbor, significantly impacting the additional paid-in capital[34] - The company completed the acquisition of seven natural gas generation facilities totaling 2,600 MW for a base purchase price of $1.9 billion, enhancing its geographic diversification[62][63] Incident and Remediation Costs - The company incurred a write-off of approximately $400 million for the net book value of the Moss Landing 300 facility due to the incident, moving the asset to the Asset Closure segment[45] - The estimated total cost for remediation activities related to the Moss Landing 300 site is approximately $110 million, with $29 million already incurred as of September 30, 2025[46] - The total incident expense related to the Moss Landing and Martin Lake incidents was approximately $526 million for the nine months ended September 30, 2025[52] Revenue and Growth - Total revenue from contracts with customers for the nine months ended September 30, 2025, was $12,781 million, an increase from $11,099 million in the same period of 2024, representing a growth of approximately 15.1%[84] - Retail energy charge in ERCOT generated $6,890 million in revenue for the nine months ended September 30, 2025, compared to $6,241 million in 2024, reflecting an increase of 10.4%[84] - Wholesale generation revenue from ISO/RTO reached $2,031 million for the nine months ended September 30, 2025, compared to $1,290 million in 2024, marking a significant increase of 57.5%[84] Debt and Financing - Long-term debt, including amounts due currently, was $15,988 million as of September 30, 2025, compared to $16,298 million as of December 31, 2024[119] - The company has $431 million in Energy Harbor Revenue Bonds, with various due dates extending to 2047[120] - The company has a total of $7,300 million in Senior Unsecured Notes, with significant amounts maturing between 2026 and 2034[120] Derivative Instruments and Fair Value - The company reported a net gain on derivative instruments of $174 million for the three months ended September 30, 2025, compared to a gain of $1.771 billion in the same period of 2024[177] - The fair value of derivative contract liabilities was $(1,432) million, a decrease from $(1,587) million on December 31, 2024[181] - The gross credit risk exposure to derivative contract counterparties was $3,653 million, with a net exposure of $740 million as of September 30, 2025[184] Legal and Regulatory Matters - The company intends to vigorously defend against various legal proceedings, including antitrust and regulatory investigations related to Winter Storm Uri[217] - The company has established adequate reserves for legal proceedings, with potential material impacts on results of operations and financial condition[211]

Revenue Performance - Total revenue for Q3 2025 was $193.9 million, a 15.1% increase from $168.5 million in Q3 2024[6] - The company reported a total revenue of $511.2 million for the nine months ended September 30, 2025, a 12.1% increase from $456.0 million in the same period of 2024[12] - Total revenue for the three months ended September 30, 2025, was $193.892 million, a 15% increase from $168.511 million in the same period of 2024[29] Brokerage Commissions - Brokerage commissions reached $162.2 million, up 14.2% from $142.0 million year-over-year[5] - Real estate brokerage commissions increased to $162.166 million for the three months ended September 30, 2025, compared to $141.970 million in 2024, reflecting a 14.2% growth[29] - Private Client Market brokerage revenue increased by 16.9% to $102.3 million, while Middle Market and Larger Transaction Market revenue rose by 6.5% to $52.5 million[5] Financing and Fees - Financing fees grew by 27.7% to $26.3 million, driven by a 34.4% increase in total financing volume[8] Net Income and Loss - Net income for Q3 2025 was $0.2 million, or $0.01 per diluted share, compared to a net loss of $5.4 million, or $0.14 per diluted share, in Q3 2024[11] - Net income for the three months ended September 30, 2025, was $240, compared to a net loss of $5.385 million in the same period of 2024[29] - The company reported a net loss of $15,217,000 for the nine months ended September 30, 2025, compared to a net loss of $20,910,000 for the same period in 2024[37] Operating Expenses - Total operating expenses for Q3 2025 were $196.3 million, an increase from $180.0 million in Q3 2024, with cost of services as a percentage of total revenue rising to 62.4%[9] - Total operating expenses for the three months ended September 30, 2025, were $196.266 million, up from $179.976 million in 2024, representing an increase of 9.0%[29] Adjusted EBITDA - Adjusted EBITDA for Q3 2025 was $6.9 million, a significant improvement from approximately breakeven in the prior year[11] - Adjusted EBITDA for Q3 2025 was $6,889,000, compared to a loss of $21,000 in Q3 2024[37] - The company uses Adjusted EBITDA as a key performance metric, which excludes items related to capital structure, taxes, and non-cash items[36] - Adjusted EBITDA is not a measurement of financial performance under U.S. GAAP and should not be considered an alternative to net income or operating income[36] - The company emphasizes that Adjusted EBITDA may not be comparable to similar measures used by other companies due to different calculation methods[36] Transaction Volume and Size - Total sales volume reached approximately $12.2 billion for the three months ended September 30, 2025, with 2,289 transactions, including $8.3 billion in real estate brokerage[31] - The average commission per transaction in real estate brokerage was $102,248 for the three months ended September 30, 2025, down from $106,664 in 2024[31] - The average transaction size in real estate brokerage was $5.270 million for the three months ended September 30, 2025, compared to $6.407 million in 2024[31] Assets and Share Repurchase - Total assets decreased to $812.494 million as of September 30, 2025, from $869.800 million at the end of 2024[34] - The company has approximately $59.0 million available for share repurchases under its program, with no established time limit for completion[15] Future Outlook - The company anticipates overcoming near-term challenges in the commercial real estate transaction market, positioning itself for long-term growth[16] Personnel - The company had 1,569 investment sales professionals and 100 financing professionals as of September 30, 2025[31] Interest Income and Expenses - Interest income and other for Q3 2025 was a loss of $3,487,000, compared to a loss of $4,498,000 in Q3 2024[37] - Interest expense for the nine months ended September 30, 2025, was $584,000, slightly down from $611,000 in 2024[37] Depreciation and Stock-Based Compensation - Depreciation and amortization expenses for Q3 2025 were $2,743,000, compared to $4,550,000 in Q3 2024[37] - Total adjustments to net income included $5,966,000 in stock-based compensation for Q3 2025, up from $6,071,000 in Q3 2024[37]

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 ...

Financial Performance - Revenue increased by $1.3 million, or 59%, to $3.579 million for the three months ended September 30, 2025, compared to $2.250 million for the same period in 2024[139] - Revenue increased by $6.1 million, or 96%, to $12.5 million for the nine months ended September 30, 2025, compared to the same period in 2024[151] - Net income for the three months ended September 30, 2025, was $107.495 million, a significant increase compared to a net loss of $37.396 million for the same period in 2024[139] - Net loss increased by $3.999 million, or 3%, to $120.1 million for the nine months ended September 30, 2025[150] Cost and Expenses - Cost of revenue increased by $0.2 million, or 6%, to $3.149 million for the three months ended September 30, 2025, from $2.971 million for the same period in 2024[141] - Cost of revenue increased by $5.1 million, or 55%, to $14.4 million for the nine months ended September 30, 2025, primarily due to a $3.8 million loss on a joint development agreement[152] - Research and development expenses decreased by $5.0 million, or 18%, to $22.1 million for the three months ended September 30, 2025, from $27.1 million for the same period in 2024[142] - Research and development expenses decreased by $11.8 million, or 15%, to $66.5 million for the nine months ended September 30, 2025[153] - General and administrative expenses increased by $1.2 million, or 14%, to $9.6 million for the three months ended September 30, 2025, compared to $8.5 million for the same period in 2024[143] - General and administrative expenses decreased by $0.7 million, or 3%, to $24.8 million for the nine months ended September 30, 2025[154] - Selling and marketing expenses increased by $0.2 million, or 14%, to $1.8 million for the three months ended September 30, 2025, from $1.6 million for the same period in 2024[144] Fair Value and Liabilities - Change in fair value of warrant liability showed an increase of $69.787 million, resulting in a value of $68.524 million for the three months ended September 30, 2025, compared to a loss of $1.263 million in the same period in 2024[139] - Fair value gain on settlement of share subscription liability was $1.7 million during the nine months ended September 30, 2025[158] - The company assesses whether equity-linked instruments should be classified as liabilities or equity based on specific terms and applicable guidance under ASC 480 and ASC 815-40[173] - Equity-linked instruments classified as liabilities are recognized and measured at fair value at inception and each reporting period, with changes in fair value recorded as a component of fair value loss on share subscription liability[176] Cash Flow and Investments - Cash used in operating activities was $92.9 million for the nine months ended September 30, 2025[166] - Net cash provided by investing activities was $77.7 million for the nine months ended September 30, 2025[167] - As of September 30, 2025, the company had cash and cash equivalents and marketable securities totaling $48.9 million[164] - The company issued 3,509,719 shares of common stock at a price of $9.26 per share, resulting in gross proceeds of $32.5 million from the private placement closed on August 20, 2025[178] Market and Operational Outlook - The company anticipates fluctuations in revenue and gross margins as customers continue their research and development projects and begin to commercialize advanced driver assist and autonomous solutions[124] - Aeva is expanding its manufacturing capacity through third-party manufacturers to meet anticipated demand for its products[118] Risk Factors - The company is exposed to market risk primarily due to fluctuations in interest rates, with no material change in exposure reported since the previous disclosure[181] - The company evaluates anticipated losses on contracts when estimated contract costs exceed expected consideration, recognizing a provision for the entire anticipated losses as soon as the loss becomes evident[177]

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 ...

Investment Portfolio - As of September 30, 2025, the fair value of the Company's investment portfolio was approximately $260.5 million[245] - The total fair value of the investment portfolio as of September 30, 2025, was approximately $260.5 million, a slight decrease from $260.9 million as of December 31, 2024[256] - As of September 30, 2025, the company had investments in debt securities or loans to 19 portfolio companies, with a fair value of approximately $142.0 million[262] - The fair value of senior secured notes was $142.0 million, representing 54.5% of the total portfolio as of September 30, 2025[265] - The company’s CLO equity investments increased to approximately $113.2 million as of September 30, 2025, from $104.6 million as of December 31, 2024[265] Investment Strategy - The investment strategy includes seeking attractive risk-adjusted total returns primarily through corporate debt securities and CLOs[236] - The Company generally expects to invest between $5 million and $25 million in each portfolio company[238] Debt Investments - The weighted average annualized yield on debt investments was approximately 14.60% as of September 30, 2025[239] - Debt investments had stated interest rates ranging from 6.91% to 12.75% with maturity dates between 2 and 94 months[239] - The weighted average yield on debt investments was approximately 14.60% as of September 30, 2025, compared to 14.50% in 2024[278] - The weighted average stated interest rate on all of the company's debt outstanding as of September 30, 2025, was 6.58%[305] Financial Performance - Total investment income for the three months ended September 30, 2025, was approximately $10.2 million, a decrease of 1.0% from $10.3 million for the same period in 2024[274] - For the nine months ended September 30, 2025, total investment income was approximately $29.9 million, down 7.9% from $32.5 million in 2024[276] - Interest income for the three months ended September 30, 2025, was approximately $5.2 million, a decrease of 15.7% from $6.1 million in 2024[274] - Net investment income for the three months ended September 30, 2025, was approximately $5.6 million, down 9.7% from $6.2 million in 2024[294] - The net decrease in net assets resulting from operations for the three months ended September 30, 2025, was approximately $2.1 million, compared to a decrease of $0.9 million in 2024[296] - For the nine months ended September 30, 2025, the company recognized net realized losses on investments of approximately $14.5 million[292] - The company reported net realized losses on investments of approximately $14.5 million for the nine months ended September 30, 2025, compared to $96.2 million for the year ended December 31, 2024[258] Cash and Capital Management - As of September 30, 2025, cash and cash equivalents were approximately $50.8 million, an increase from approximately $34.9 million as of December 31, 2024[299] - For the nine months ended September 30, 2025, net cash used in operating activities was approximately $15.6 million, reflecting purchases of investments of approximately $86.2 million[299] - The company raised approximately $27.4 million from the issuance of common stock through its ATM program during the nine months ended September 30, 2025[302] - The total amount of capital raised net of underwriting fees and offering costs was approximately $26.9 million during the nine months ended September 30, 2025[302] Debt Obligations and Risks - The company has contractual obligations of $155.3 million, with $80.5 million due within one year and $74.8 million due in 1-3 years[300] - The company is exposed to leverage risks due to borrowing funds for investments, which may magnify potential gains and losses[241] - The company is subject to financial market risks, including changes in interest rates, which can affect net interest income and investment portfolio value[326] - A hypothetical increase of 300 basis points in base rates could lead to a 13.2% increase in net investment income[329] Regulatory and Compliance - The Company operates as a closed-end management investment company and is regulated as a business development company (BDC)[236] - The company is required to distribute at least 90% of its ordinary income and short-term capital gains to avoid corporate level tax[309] - The investment advisory agreement is with Oxford Square Management, which is controlled by Oxford Funds[315] - The company has implemented policies to screen transactions for potential conflicts of interest with related parties[321] - The company has adopted a Code of Business Conduct and Ethics to avoid conflicts of interest among its officers and directors[322] - The allocation policy for investment opportunities among affiliated entities is based on various factors, including cash availability and investment size[318] - The company has applied for a new exemptive relief order to allow for negotiated co-investment transactions alongside certain regulated funds[320] Distributions and Shareholder Actions - Total distributions for fiscal 2024 are projected at $0.42 per share, with a total of $0.105 per share declared for each quarter[324] - The company has authorized a share repurchase program allowing for the repurchase of up to $25.0 million of common stock over a 12-month period starting October 30, 2025[324] Operating Expenses - Operating expenses for the three months ended September 30, 2025, increased to approximately $4.7 million, up 11.9% from $4.2 million in 2024[280] - The principal value of income-producing debt investments decreased to approximately $180.6 million as of September 30, 2025, from $209.6 million in 2024[278]

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 ...