FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-36177 Crescent Biopharma, Inc. For the quarterly period ended June 30, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) _____ ...

Table of Contents Table of Content UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☐ 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: 001-39423 Commerce.com, Inc. (Exact Name of Registrant as Specified in its Charter) Delaware 46-2707656 (State or other jurisdiction of incorporation or organization) 11920 Alterra Parkway D11 / Suite 100 8th Floor ...

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 June 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 001-38412 BRIDGEWATER BANCSHARES, INC. (Exact name of registrant as specified in its charter) ...

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 June 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 001-38412 BRIDGEWATER BANCSHARES, INC. (Exact name of registrant as specified in its charter) ...

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 June 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 001-40321 ALKAMI TECHNOLOGY, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 45-3060776 ...

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 June 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: 001-38002 Laureate Education, Inc. (Exact name of registrant as specified in its charter) | Delaware | | 52-1492296 | | ...

[PART I. FINANCIAL INFORMATION](index=4&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20%28Unaudited%29) This section presents Masco Corporation's unaudited condensed consolidated financial statements as of June 30, 2025, and for the three and six-month periods then ended, including Balance Sheets, Statements of Operations, Comprehensive Income, Cash Flows, Shareholders' Equity, and accompanying notes [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets increased to **$5,288 million** by June 30, 2025, from **$5,016 million** at year-end 2024, with total equity shifting from a **$53 million deficit** to a **$150 million positive balance** Condensed Consolidated Balance Sheet Highlights (in Millions) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Current Assets** | $2,925 | $2,730 | | **Total Assets** | $5,288 | $5,016 | | **Total Current Liabilities** | $1,609 | $1,560 | | **Total Liabilities** | $5,138 | $5,069 | | **Total Equity** | $150 | $(53) | [Condensed Consolidated Statements of Operations](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2025 net sales decreased 1.9% to **$2,051 million**, while operating profit rose 3.8% to **$412 million**, and net income attributable to Masco increased to **$270 million** or **$1.28 diluted EPS** Statement of Operations Summary (in Millions, except EPS) | Metric | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Sales** | $2,051 | $2,091 | $3,852 | $4,017 | | **Gross Profit** | $772 | $785 | $1,416 | $1,470 | | **Operating Profit** | $412 | $397 | $698 | $715 | | **Net Income (to Masco)** | $270 | $258 | $456 | $473 | | **Diluted EPS** | $1.28 | $1.17 | $2.15 | $2.14 | [Condensed Consolidated Statements of Comprehensive Income (Loss)](index=6&type=section&id=Condensed%20Consolidated%20Statements%20of%20Comprehensive%20Income%20%28Loss%29) Total comprehensive income attributable to Masco Corporation significantly increased to **$332 million** in Q2 2025 from **$249 million** in Q2 2024, primarily due to a **$77 million positive currency translation adjustment** Comprehensive Income (Loss) Attributable to Masco (in Millions) | Component | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | :--- | :--- | | **Net Income** | $270 | $258 | $456 | $473 | | **Other Comprehensive Income (Loss)** | $61 | $(9) | $88 | $(27) | | **Total Comprehensive Income** | $332 | $249 | $544 | $446 | [Condensed Consolidated Statements of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operating activities for H1 2025 decreased to **$148 million** from **$252 million** in H1 2024, while cash and cash investments decreased by **$243 million** to **$390 million** at period end Cash Flow Summary for Six Months Ended June 30 (in Millions) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $148 | $252 | | **Net Cash for Financing Activities** | $(344) | $(404) | | **Net Cash for Investing Activities** | $(70) | $(80) | | **Decrease in Cash** | $(243) | $(236) | | **Cash at End of Period** | $390 | $398 | [Condensed Consolidated Statements of Shareholders' Equity](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Shareholders%27%20Equity) Total equity improved from a **$53 million deficit** at year-end 2024 to a **$150 million positive balance** by June 30, 2025, driven by **$594 million in comprehensive income** - Shareholders' equity turned positive to **$150 million** at June 30, 2025, from a deficit of **$53 million** at the start of the year, driven by total comprehensive income of **$594 million**, partially offset by share repurchases and dividends[30](index=30&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) Key disclosures include the Q3 2024 Kichler Lighting divestiture, segment revenue trends, debt structure, **$233 million** in H1 2025 share repurchases, and an increased quarterly dividend - In Q3 2024, the company sold its Kichler Lighting business, previously part of the Decorative Architectural Products segment, with results not presented as discontinued operations[39](index=39&type=chunk) Net Sales by Segment (YTD 2025 vs YTD 2024, in Millions) | Segment | YTD 2025 | YTD 2024 | | :--- | :--- | :--- | | Plumbing Products | $2,497 | $2,445 | | Decorative Architectural Products | $1,355 | $1,572 | | **Total** | **$3,852** | **$4,017** | - During the six months ended June 30, 2025, the company repurchased approximately **3.4 million shares** for **$233 million**, with approximately **$666 million** remaining under the 2022 share repurchase authorization[64](index=64&type=chunk) - The company declared and paid cash dividends of **$0.62 per common share** for the six months ended June 30, 2025, an increase from **$0.58** for the same period in 2024[66](index=66&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=20&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance amid lower demand and cost inflation, noting a 2% Q2 2025 net sales decline but a 4% operating profit increase driven by cost management and pricing actions [Overview and Results of Operations](index=20&type=section&id=Overview%20and%20Results%20of%20Operations) Q2 2025 consolidated net sales decreased 2% to **$2,051 million**, but operating profit increased 4% to **$412 million**, with operating margin improving **110 basis points** to **20.1%** due to lower SG&A and pricing - The company faces lower market demand, elevated commodity and input costs, and anticipates significantly higher costs from recently-enacted tariffs, primarily in the Plumbing Products segment[70](index=70&type=chunk) Consolidated Results of Operations (Q2 2025 vs Q2 2024) | Metric | Q2 2025 | Q2 2024 | Change | | :--- | :--- | :--- | :--- | | **Net Sales** | $2,051M | $2,091M | (2)% | | **Gross Margin** | 37.6% | 37.5% | +10 bps | | **Operating Profit** | $412M | $397M | +4% | | **Operating Margin** | 20.1% | 19.0% | +110 bps | - The Q2 2025 operating profit increase was driven by a **7% decrease** in SG&A expenses, attributed to the Kichler divestiture and lower employee-related costs[81](index=81&type=chunk) [Business Segment Results](index=23&type=section&id=Business%20Segment%20Results) Q2 2025 Plumbing Products net sales grew **5%** to **$1,312 million** with operating profit up **11%** to **$275 million**, while Decorative Architectural Products sales fell **12%** to **$738 million** with operating profit down **10%** to **$157 million** Segment Performance - Q2 2025 vs Q2 2024 (in Millions) | Segment | Net Sales | % Change | Operating Profit | % Change | | :--- | :--- | :--- | :--- | :--- | | **Plumbing Products** | $1,312 | +5% | $275 | +11% | | **Decorative Architectural** | $738 | (12)% | $157 | (10)% | - Plumbing Products sales growth was driven by a **3% increase** from higher net selling prices for the three months ended June 30, 2025[92](index=92&type=chunk) - Decorative Architectural Products sales decline was primarily due to the Kichler business divestiture, which decreased sales by **8%** for the quarter[94](index=94&type=chunk) [Liquidity and Capital Resources](index=24&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintained a solid liquidity position with **$390 million** cash at Q2 2025, **$148 million** net cash from operations in H1, and access to a **$1.0 billion** credit facility, repurchasing **$233 million** in stock - The company held cash and cash investments of **$390 million** at June 30, 2025, with **$276 million** held in foreign subsidiaries[96](index=96&type=chunk) - The company was in compliance with all covenants for its **$1.0 billion** credit agreement, with a **$46 million** quarter-end borrowing subsequently repaid[99](index=99&type=chunk) - In H1 2025, the company repurchased **$233 million** of its common stock and anticipates using at least **$450 million** for share repurchases in the full year 2025[101](index=101&type=chunk) [Cautionary Statement Concerning Forward-Looking Statements](index=26&type=section&id=Cautionary%20Statement%20Concerning%20Forward-Looking%20Statements) Forward-looking statements are subject to risks including residential market dependency, brand strength, supply chain and material costs, tariffs, and cybersecurity threats, which could cause actual results to differ materially - Future performance may be affected by levels of residential repair and remodel activity, new home construction, brand strength, material costs, tariffs, and cybersecurity risks[106](index=106&type=chunk) [Item 4. Controls and Procedures](index=27&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The Company's Principal Executive Officer and Principal Financial Officer concluded that disclosure controls and procedures were effective as of June 30, 2025[110](index=110&type=chunk) - No changes in internal control over financial reporting occurred during the quarter that materially affected or are reasonably likely to materially affect internal controls[111](index=111&type=chunk) [PART II. OTHER INFORMATION](index=28&type=section&id=PART%20II.%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=28&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in ordinary course litigation but believes the likelihood of a material adverse effect from these proceedings is remote, with details referenced in Note L - The company is involved in ordinary course litigation but believes the likelihood of a material adverse effect from these matters is remote[67](index=67&type=chunk)[115](index=115&type=chunk) [Item 1A. Risk Factors](index=28&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the company's risk factors since the last Annual Report on Form 10-K for the fiscal year ended December 31, 2024 - There have been no material changes to the company's risk factors since the last Annual Report on Form 10-K[116](index=116&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=28&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company repurchased **1,604,278 shares** at an average price of **$62.65** during Q2 2025, with approximately **$666 million** remaining for future repurchases under authorization Share Repurchases for Q2 2025 | Period | Total Shares Purchased | Average Price Paid | Value Remaining for Purchase | | :--- | :--- | :--- | :--- | | **Total for Q2** | 1,604,278 | $62.65 | $665,830,484 | [Item 5. Other Information](index=28&type=section&id=Item%205.%20Other%20Information) No officers or directors adopted or terminated any Rule 10b5-1 or other non-Rule 10b5-1 trading arrangements during the second quarter of 2025 - No officers or directors adopted or terminated Rule 10b5-1 or other trading arrangements during Q2 2025[118](index=118&type=chunk) [Item 6. Exhibits](index=29&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the Form 10-Q, including executive agreements, CEO/CFO certifications, and financial statements in Inline XBRL format - Exhibits filed with the report include executive agreements, CEO/CFO certifications, and XBRL data files[122](index=122&type=chunk) [Signature](index=30&type=section&id=Signature)

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 June 30, 2025 OR Commission File Number: 001-38276 APELLIS PHARMACEUTICALS, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 27-1537290 (State or other jurisdiction of incorporation or organization) 100 Fifth Avenue, Waltham, MA 02451 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR ...

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: June 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: 001-35764 PBF ENERGY INC. (Exact name of registrant as specified in its charter) Delaware 45-3763855 (State or other jurisdiction o ...

Fiscal 2026 First Quarter Highlights (comparisons to fiscal 2025 first quarter) CSW Industrials Reports Record Fiscal 2026 First Quarter Results DALLAS, July 31, 2025 (GLOBE NEWSWIRE) - CSW Industrials, Inc. (NYSE: CSW or the "Company") today reported record results for the fiscal 2026 first quarter period ended June 30, 2025. Comments from the Chairman, President, and Chief Executive Officer Joseph B. Armes, CSW Industrials' Chairman, President, and Chief Executive Officer, commented, "I am very pleased to ...