Financial Performance - The company reported record revenue of $285.9 million for the fiscal first quarter, representing a 2% year-over-year increase[3]. - GAAP net income for the quarter was $4.5 million, or $0.08 per diluted share, while adjusted net income was $13.1 million, or $0.22 per diluted share[3]. - Adjusted EBITDA for the quarter was $20.5 million, up 1% year-over-year, with a goal to reach a 10% quarterly adjusted EBITDA margin in the current fiscal year[3][4]. - Net revenue for the three months ended September 30, 2025, was $285.853 million, an increase of 2.3% from $279.219 million in the same period of 2024[22]. - Gross profit decreased to $26.940 million, down 5.4% from $28.405 million year-over-year[22]. - Operating income improved to $4.789 million compared to a loss of $1.207 million in the prior year[22]. - Net income for the quarter was $4.535 million, a significant recovery from a loss of $1.366 million in the same quarter of 2024[22]. - Adjusted net income rose to $13.116 million, compared to $12.543 million in the same period last year[26]. - Free cash flow for the quarter was $15.509 million, a turnaround from a negative $16.312 million in the prior year[30]. Cash Flow and Balance Sheet - The company generated $19.6 million in operating cash flow and ended the quarter with $101.3 million in cash and cash equivalents, with no bank debt[4][6]. - The balance sheet remains strong with total assets of $442.6 million and total liabilities of $195.9 million[20]. - Cash, cash equivalents, and restricted cash at the end of the period totaled $101.313 million, up from $24.997 million at the end of the previous year[24]. Future Outlook - The company expects fiscal Q2 revenue to be between $270 million and $280 million, and adjusted EBITDA to be between $19 million and $20 million[4]. - Full fiscal year 2026 revenue is projected to grow at least 10% year-over-year, with adjusted EBITDA expected to grow at least 20% year-over-year[4]. Business Segments - Auto Insurance demand remained strong, and Home Services continued to grow at strong double-digit rates[4][6]. - Revenue from Financial Services was $207.475 million, down from $210.891 million, while Home Services revenue increased to $78.378 million from $68.328 million[32]. Shareholder Actions - The board has authorized a new $40 million share repurchase program, reflecting confidence in the company's long-term outlook[4][6]. Investment in Technology - The company is investing in Artificial Intelligence (AI) to enhance growth in its markets and expects to benefit from its structured proprietary data[4]. Stock Information - Stock-based compensation expense included in operating expenses was $9.203 million, compared to $8.407 million in the same quarter of 2024[26]. - The company reported a weighted average diluted share count of 58.769 million for the quarter, up from 55.823 million in the prior year[26].

Exhibit 99.1 Q3 2025 Open House: Opendoor 2.0 Charts Path to Profitability Through Software and AI New CEO Kaz Nejatian commits to return the Company to profitability, accelerating transactions, rescaling while leveraging the existing cost structure and launching new AI-driven products to power the future of homeownership SAN FRANCISCO, California - November 6, 2025 - Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today reported financial r ...

Property and Occupancy - As of September 30, 2025, the company owned and operated 63 properties with a total of 7.4 million leasable square feet and an occupancy rate of 72.1%[175] - The occupancy rate as of September 30, 2025, was 72.1% with 7.4 million leasable square feet, down from 74.0% and 8.1 million leasable square feet as of September 30, 2024[232] - The occupancy rate of operating properties was 72.8%, down from 73.7% as of December 31, 2024[200] - The occupancy rate as of September 30, 2025, is projected to be 74.5% after adjusting for properties under agreements to be sold[201] - 66.8% of the properties are classified as class A, while class B and class C properties account for 27.8% and 5.4%, respectively[179] Lease and Rental Information - The weighted average remaining lease term for the properties is 5.8 years, with 2.9% and 9.5% of annualized base rent scheduled to expire in 2025 and 2026, respectively[177] - The company’s annualized base rent as of September 30, 2025, is calculated based on the monthly aggregate cash amount charged to tenants, multiplied by 12[169] - The company completed approximately 862,000 square feet of lease renewals and new leases across 13 properties with a weighted average lease term of 7.8 years during the nine months ended September 30, 2025[195] - The company entered into 7 leases during the three months ended September 30, 2025, comprising 303,000 rentable square feet, with a weighted average rental rate change of 4.1%[214] - For the nine months ended September 30, 2025, the company executed 15 leases totaling 862,000 rentable square feet, with a weighted average rental rate change of -7.1%[220] Financial Performance - Total revenues for the three months ended September 30, 2025, were $37,122,000, a decrease of 5.4% from $39,178,000 in the same period of 2024[203] - Net loss attributable to common stockholders for the three months ended September 30, 2025, was $(69,035,000), compared to a loss of $(10,217,000) in 2024[203] - Funds from Operations (FFO) attributable to common stockholders for the three months ended September 30, 2025, was $6,553,000, down from $10,122,000 in 2024[203] - Total revenues decreased by $2.1 million and $14.1 million for the three and nine months ended September 30, 2025, compared to the same periods in 2024, primarily due to a reduction in occupied square footage from lease expirations[231] - Rental revenues decreased by $3.4 million and $15.4 million during the three and nine months ended September 30, 2025, due to lease expirations[232] Debt and Liquidity - The nearest debt maturity for the company is associated with the Arch Street Joint Venture, scheduled for November 27, 2025, with an option to extend until November 27, 2026[180] - The company has substantial doubt about its ability to continue as a going concern for at least one year due to uncertainty regarding the extension or refinancing of the $110.0 million Revolving Facility maturing on May 12, 2026[264] - As of September 30, 2025, the total consolidated debt outstanding was $483.0 million, comprising a $355.0 million fixed-rate mortgage note, $110.0 million borrowed under a senior revolving credit facility, and an $18.0 million fixed-rate mortgage note[266] - The company plans to address liquidity needs through cash flows from operations, borrowings, and potential property disposals[265] - The company has entered into interest rate collar agreements to hedge against interest rate volatility, with a notional amount of $75.0 million, effective from May 12, 2025, to May 12, 2026[267][275] Market and Economic Conditions - The current economic environment, including high interest rates and inflation, poses risks to the company’s financial condition and tenant lease renewals[178] - The company faces challenges in tenant retention due to significant lease expirations and changing office space utilization trends, including increased remote work[177] - The company is shifting its portfolio concentration away from traditional office properties towards dedicated use assets with an office component[183] Asset Sales and Impairments - The company closed on the sale of seven properties totaling approximately 634,000 square feet for an aggregate gross sales price of $48.7 million during the nine months ended September 30, 2025[195] - The company has pending agreements to sell four operating properties for an aggregate gross sales price of $46.6 million, subject to various conditions[195] - Impairment charges increased by $63.7 million and $59.5 million for the three and nine months ended September 30, 2025, respectively, primarily related to real estate assets sold or expected to be sold[242] Dividends and Share Repurchase - The company declared a quarterly cash dividend of $0.02 per share for the first three quarters of 2025, with the fourth quarter dividend also declared on November 5, 2025[199] - The Company has a Share Repurchase Program authorized for up to $50.0 million, with $45.0 million remaining available for repurchase as of September 30, 2025[305] Cash Flow and Expenses - Net cash provided by operating activities decreased by $26.7 million to $15.1 million for the nine months ended September 30, 2025, compared to $41.8 million in 2024[306] - Net cash from investing activities increased by $51.2 million, totaling $8.2 million for the nine months ended September 30, 2025, driven by proceeds from real estate asset sales of $44.0 million[307] - Net cash used in financing activities increased by $13.3 million, totaling $(17.7) million for the nine months ended September 30, 2025, primarily due to net repayments on the Revolving Facility[308] Risk Management - The company is subject to credit risk concentrations due to tenants engaged in similar business activities or located in the same geographic region[317] - Credit risk assessment includes factors such as payment history, credit status, tenant financial performance, and economic conditions[318] - The company believes credit risk is mitigated by a high-quality and diverse tenant base and consistent monitoring of the portfolio[318]

Exhibit 99.1 Nektar Therapeutics Reports Third Quarter 2025 Financial Results SAN FRANCISCO, Nov. 6, 2025 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR) today reported financial results for the third quarter ended September 30, 2025. Cash and investments in marketable securities on September 30, 2025 were $270.2 million as compared to $269.1 million on December 31, 2024. Nektar's cash and marketable securities at September 30, 2025 includes $107.2 million of net proceeds from the secondary offering clos ...

Financial Performance - Ingevity's net sales for Q3 2025 were $333.1 million, a slight decrease of $0.7 million compared to Q3 2024, driven by a volume decline of $1.4 million and unfavorable pricing and sales mix of $0.3 million[193][196]. - For the nine months ended September 30, 2025, net sales totaled $912.5 million, down $24.3 million from the prior year, primarily due to a volume decline of $37.3 million, partially offset by favorable pricing and sales mix of $11.9 million[193][197]. - Performance Materials net sales for Q3 2025 were $155.0 million, a 3% increase from $151.1 million in Q3 2024, driven by volume growth[218]. - Performance Chemicals net sales increased by $6.0 million (4%) in Q3 2025 to $139.9 million, primarily due to higher sales in the North American pavement market[223]. - Advanced Polymer Technologies net sales decreased by 22% in Q3 2025 compared to the prior year quarter, reflecting continued pressure from indirect tariff impacts and weak industrial demand[229]. - For the nine months ended September 30, 2025, net sales from Advanced Polymer Technologies decreased by $21.0 million, driven by a volume decline of $19.2 million (13%) and unfavorable pricing and sales mix of $3.1 million (2%) [233]. - Net sales from discontinued operations decreased by $72.1 million in the nine months ended September 30, 2025, driven by a volume decline of $67.8 million (40%) and unfavorable pricing and sales mix of $5.2 million (3%) [241]. - Total Advanced Polymer Technologies net sales for the nine months ended September 30, 2025, were $123.7 million, down from $144.7 million in 2024 [230]. - For the three months ended September 30, 2025, net sales from discontinued operations were $29.0 million, down from $43.1 million in 2024, reflecting a volume decline of $10.7 million (25%) [238]. Profitability and Expenses - Gross profit for Q3 2025 increased by $2.3 million, attributed to decreased manufacturing costs of $5.4 million and favorable foreign currency exchange of $2.8 million, despite LIFO charges of $6.6 million[198]. - For the nine months ended September 30, 2025, gross profit rose by $8.8 million, driven by decreased manufacturing costs of $22.7 million and favorable pricing and sales mix of $12.1 million, offset by LIFO charges of $16.2 million[199]. - SG&A expenses for Q3 2025 were $44.1 million (13% of net sales), up from $37.9 million (11% of net sales) in Q3 2024, representing a 16% increase[200]. - For the nine months ended September 30, 2025, SG&A expenses were $129.6 million (14% of net sales), an increase of 8% from $119.5 million (13% of net sales) in the same period of 2024[201]. - Research and technical expenses as a percentage of net sales increased to 2.1% in Q3 2025 from 1.9% in Q3 2024, with a total increase of $0.8 million[202]. - Segment EBITDA for Performance Materials decreased by $0.7 million (1%) in Q3 2025, with a margin decline to 51.5% due to higher variable compensation and foreign currency exchange[217]. - Segment EBITDA for Performance Chemicals increased by $0.5 million (2%) in Q3 2025, with a margin of 17.7% impacted by lower pricing in road markings products[223]. - Segment EBITDA increased by $9.8 million in 2025, driven by decreased manufacturing costs of $20.9 million and favorable pricing and sales mix of $11.7 million, partially offset by LIFO charges of $13.7 million and increased SG&A of $5.6 million [228]. - EBITDA from discontinued operations increased by $34.8 million in the nine months ended September 30, 2025, driven by LIFO liquidation benefit of $23.5 million and decreased manufacturing costs of $13.6 million [242]. Charges and Repositioning - The company expects to incur approximately $365 million in aggregate charges related to the Performance Chemicals repositioning, including $255 million in asset-related charges and $25 million in severance costs[186]. - As of September 30, 2025, the company has incurred $344.7 million associated with the repositioning actions, with $83.1 million of cash charges already paid[187]. - Since November 2023, Ingevity has realized total cash savings of approximately $103 million, with 70-80% attributed to cost of sales[188][189]. - The repositioning of the Performance Chemicals segment aims to improve profitability and reduce cyclicality, focusing on higher-margin product lines[185]. Cash Flow and Capital Management - Cash flow from operating activities for the nine months ended September 30, 2025, was $234.1 million, an increase of $170.0 million compared to $64.1 million in 2024[270]. - Capital expenditures for the nine months ended September 30, 2025, totaled $34.1 million, down from $52.7 million in 2024, with maintenance capital spending at $20.5 million[273]. - The company repurchased $25.2 million in common stock during the nine months ended September 30, 2025, with $328.4 million remaining under the 2022 repurchase authorization[267]. - As of September 30, 2025, cash and cash equivalents totaled $83.4 million, including $79.7 million held by foreign subsidiaries[263]. - The company expects to eliminate approximately $15 million in indirect costs associated with the industrial specialties product line by the end of 2026 through operational efficiencies[259]. - The undrawn capacity under the revolving credit facility was $477.0 million as of September 30, 2025, providing sufficient liquidity for planned operations[262]. Interest and Foreign Exchange - Total interest expense for the nine months ended September 30, 2025, was $56.4 million, down from $69.3 million in the same period of 2024[210]. - The company entered into a floating-to-fixed interest rate swap for a notional amount of $200 million, converting variable interest payments to a fixed rate of 3.84% until August 2026[279]. - As of September 30, 2025, the weighted average interest rate for variable borrowings was 5.75%, with a hypothetical 100 basis point increase resulting in an annual interest expense increase of approximately $4.1 million or 7%[280]. - A hypothetical 10% adverse change in the average exchange rates of the Brazilian real, Chinese renminbi, and euro to the U.S. dollar would have decreased net sales by approximately $10.8 million or 1% for the nine months ended September 30, 2025[278]. - A hypothetical 10% adverse change in the average exchange rates during the nine months ended September 30, 2024, would have decreased net sales by approximately $11.0 million or 1%[278]. Accounting and Reporting - The company believes that non-GAAP financial measures provide a more complete understanding of the factors affecting historical financial performance and projected future results [244]. - Net income from continuing operations for Q3 2025 was $40.8 million, a decrease from $47.5 million in Q3 2024, while net income from discontinued operations improved to $2.7 million from a loss of $154.7 million[248]. - Adjusted EBITDA from continuing operations for the nine months ended September 30, 2025, was $302.8 million, compared to $296.7 million for the same period in 2024, reflecting a slight increase[248]. - The company revised its 2025 net sales outlook to between $1.25 billion and $1.35 billion, with expectations of a ~2% decline in North America light vehicle production compared to 2024[258]. - Total Adjusted EBITDA outlook for 2025 is projected to be between $390 million and $405 million, reflecting continued pressure on the Advanced Polymers Technologies segment[260]. - The company has not substantially changed its critical accounting policies from those described in the 2024 Annual Report[277]. Risk Factors - Ingevity's operations are impacted by various risks, including global economic conditions, competition, and supply chain disruptions[183]. - Natural gas costs constituted approximately 4% of the cost of goods sold for the nine months ended September 30, 2025, with a hypothetical 10% increase in natural gas pricing resulting in an increase to cost of sales of approximately $2.1 million[282]. - The company had 1.5 million mmBTUS in open natural gas derivative contracts as of September 30, 2025, designated as cash flow hedges[282]. - The fair value of open natural gas derivative contracts was a net asset of $(0.8) million as of September 30, 2025[282]. - The fair value of the interest rate swap was $(0.3) million as of September 30, 2025, compared to $0.6 million at December 31, 2024[279].

Financial Performance - nLIGHT reported third quarter 2025 revenues of $66.7 million, an increase of 18.9% compared to $56.1 million in the same quarter of 2024[3] - The gross margin for the third quarter of 2025 was 31.1%, up from 22.4% in the third quarter of 2024[3] - The net loss for the third quarter of 2025 was $6.9 million, or $0.14 per diluted share, compared to a net loss of $10.3 million, or $0.21 per diluted share, in the third quarter of 2024[3] - Adjusted EBITDA for the third quarter of 2025 was $7.1 million, a significant improvement from a non-GAAP net loss of $994,000 in the same quarter of 2024[3] - The company reported a loss from operations of $7.3 million for the third quarter of 2025, an improvement of 38.1% compared to a loss of $11.8 million in the same quarter of 2024[3] - Net loss for the nine months ended September 30, 2025, was $18,558 thousand, an improvement from a net loss of $35,830 thousand for the same period in 2024, reflecting a reduction of 48.2%[21] - Adjusted EBITDA for the nine months ended September 30, 2025, was $12,775 thousand, compared to a negative $7,487 thousand for the same period in 2024, indicating a significant turnaround[23] - Non-GAAP net income for the three months ended September 30, 2025, was $4,320 thousand, compared to a loss of $3,659 thousand in the same period of 2024[24] Revenue Breakdown - Products revenue for the third quarter of 2025 was $47.6 million, compared to $41.1 million in the same quarter of 2024[17] - Advanced Development revenue for the third quarter of 2025 was $19.1 million, up from $15.0 million in the same quarter of 2024[17] - Revenue from the Aerospace and Defense sector for the three months ended September 30, 2025, was $45,554 thousand, up 50.5% from $30,278 thousand in the same period of 2024[26] - For the fourth quarter of 2025, nLIGHT expects revenues to be in the range of $72 million to $78 million, with a midpoint of $75 million[4] - The company anticipates full year 2025 A&D revenue growth to exceed the prior outlook of at least 40% year-over-year[2] Assets and Liabilities - Total assets increased to $298,693 thousand as of September 30, 2025, up from $270,241 thousand at December 31, 2024, representing a growth of 10.4%[19] - Total current liabilities increased to $40,537 thousand as of September 30, 2025, from $34,235 thousand at December 31, 2024, an increase of 18.5%[19] - Total stockholders' equity increased to $218,493 thousand as of September 30, 2025, from $216,430 thousand at December 31, 2024, a slight increase of 1.0%[19] Cash Flow and Compensation - Cash and cash equivalents increased to $81,108 thousand as of September 30, 2025, compared to $65,829 thousand at December 31, 2024, marking a rise of 23.1%[19] - Cash flows from operating activities provided $3,812 thousand for the nine months ended September 30, 2025, compared to $1,528 thousand in the same period of 2024, an increase of 149.0%[21] - Stock-based compensation for the nine months ended September 30, 2025, was $21,789 thousand, compared to $18,961 thousand for the same period in 2024, reflecting a rise of 9.7%[24] Future Expectations - nLIGHT's overall gross margin for the fourth quarter of 2025 is expected to be in the range of 27% to 32%[4]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ and ____________ Commission file number 001-41468 D-WAVE QUANTUM INC. (Exact name of registrant as specified in its charter) ________________________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURI ...

Customer Metrics - Active customers increased by 4.0% from approximately 2.7 million at September 30, 2024, to approximately 2.8 million at September 30, 2025[111] - Active customers grew to 2,781 thousand as of September 30, 2025, up from 2,673 thousand in the prior year[152] - Net revenues per active customer increased to $209 for the nine months ended September 30, 2025, compared to $205 in the previous year[153] Financial Performance - Net revenues rose from $140.2 million to $151.7 million, representing an increase of 8.2% for the three months ended September 30, 2025, and from $403.7 million to $429.2 million, or 6.3%, for the nine months ended September 30, 2025[111] - Net income increased from $(1.7) million to $8.7 million for the three months ended September 30, 2025, and from $0.8 million to $15.7 million for the nine months ended September 30, 2025[117] - Adjusted EBITDA increased from $4.8 million to $18.9 million for the three months ended September 30, 2025, and from $30.7 million to $47.8 million for the nine months ended September 30, 2025[117] - Net revenues for the nine months ended September 30, 2025, reached $429.202 million, compared to $403.726 million in 2024, indicating a year-over-year growth of approximately 6.3%[157] - Adjusted EBITDA for the nine months ended September 30, 2025, was $47.752 million, up from $30.719 million in 2024, reflecting a significant increase in operational performance[157] - The adjusted EBITDA margin improved to 11.1% for the nine months ended September 30, 2025, compared to 7.6% in the same period of 2024[157] Cost and Margin Analysis - Gross margin improved by 2.8 percentage points from 67.1% to 69.9% for the three months ended September 30, 2025[111] - Gross margin increased by 0.5 percentage points to 68.2% for the nine months ended September 30, 2025, due to fewer discounts and improved return rates[143] - Tariffs have increased product costs, negatively impacting gross margin by 120 basis points for the three months ended September 30, 2025[114] - Estimated negative impact on gross margin due to current tariff regime is approximately 110 basis points for 2025 and 440 basis points for 2026[114] Operating Expenses - Total operating expenses decreased from 73.2% to 63.6% of net revenues for the three months ended September 30, 2025[129] - Operating expenses decreased by $6.2 million, or 6.1%, for the three months ended September 30, 2025, compared to the same period last year[132] - Total operating expenses for the nine months ended September 30, 2025, decreased by $6.6 million, or 2.4%, compared to the same period last year[144] - General and administrative expenses decreased by $1.6 million, or 1.5%, for the nine months ended September 30, 2025, compared to the same period last year[147] Cash Flow and Liquidity - Cash flows from operating activities decreased from $50.7 million to $0.2 million for the nine months ended September 30, 2025[117] - Free cash flow decreased from $37.1 million to $(5.1) million for the nine months ended September 30, 2025[117] - Cash flows from operating activities decreased by $50.5 million for the nine months ended September 30, 2025, compared to the same period last year, primarily due to higher inventory purchases and timing of payments[170] - Cash flows from investing activities increased by $25.7 million for the nine months ended September 30, 2025, mainly due to an increase in maturities of available-for-sale securities[173] - As of September 30, 2025, the company had $46.5 million in cash and cash equivalents, down from $85.6 million at the end of 2024[161] - The company has a revolving credit facility of up to $100.0 million, with $95.1 million available for borrowings as of September 30, 2025[163] Shareholder Actions - The company authorized a share repurchase program totaling $100.0 million, with approximately $52.0 million available for future repurchases as of September 30, 2025[165] Taxation - Provision for income taxes increased by $7.2 million, or 180.3%, for the three months ended September 30, 2025, primarily due to an increase in pre-tax income[138] Other Income - Other income, net decreased by 20.6% for the three months ended September 30, 2025, primarily due to lower interest income[136] Average Order Value - Average order value (AOV) for the three months ended September 30, 2025, was $114, up from $108 in the same period last year[153]

Financial Performance - Third quarter 2025 net income was $177 million, with adjusted net income of $172 million, reflecting strong financial performance [3]. - Total operating net revenues for Q3 2025 were $1,168 million, a decrease of 8.2% from $1,272 million in Q3 2024 [17]. - Net income for Q3 2025 was $177 million, down 40.3% compared to $296 million in Q3 2024 [17]. - Earnings per share (EPS) for Q3 2025 were $1.99, a decline from $3.02 in Q3 2024 [17]. - Adjusted Net Income for Q3 2025 was $172 million, up from $92 million in Q2 2025, with Adjusted Net Income per diluted share increasing to $1.93 from $0.99 [24]. - Adjusted EBITDAX for Q3 2025 was $855 million, compared to $749 million in Q2 2025, reflecting strong operational performance [26]. Cash Flow and Liquidity - Operating cash flow for the third quarter reached $860 million, while adjusted EBITDAX was $855 million [3]. - Cash flows from operating activities for the nine months ended September 30, 2025, totaled $1,877 million, compared to $2,007 million for the same period in 2024, reflecting a decrease of 6.5% [18]. - Financial liquidity at the end of the third quarter was $2.2 billion, including cash on hand and available borrowings [10]. - Net cash provided by operating activities for Q3 2025 was $860 million, compared to $298 million in Q2 2025, and $1,877 million for the nine months ended September 30, 2025, down from $2,007 million in the same period of 2024 [28]. - Adjusted Free Cash Flow for Q3 2025 was $254 million, an increase from $123 million in Q2 2025, and $548 million for the nine months ended September 30, 2025, compared to $747 million in the same period of 2024 [28]. Capital Expenditures and Investments - Capital expenditures totaled $491 million, reflecting ongoing drilling and completion efficiencies [10]. - Capital expenditures for drilling and completion activities were $471 million in Q3 2025, compared to $541 million in Q3 2024 [18]. - Capital expenditures for Q3 2025 totaled $491 million, with $249 million in the Permian Basin and $238 million in the DJ Basin [28]. Debt and Equity - The company reduced net debt by $237 million and repurchased $250 million of its stock, representing approximately 8% of outstanding shares [5]. - Total debt as of September 30, 2025, was $5,200 million, a decrease from $5,450 million as of June 30, 2025 [32]. - Net debt as of September 30, 2025, was $5,144 million, compared to $5,381 million as of June 30, 2025, and $4,949 million as of December 31, 2024 [32]. - Total stockholders' equity increased to $6,685 million as of September 30, 2025, from $6,629 million at the end of 2024 [19]. Sales and Production - Sales volumes increased to 336 MBoe/d, with oil volumes at 158 MBbl/d, both up 6% from the previous quarter [5]. - Average sales volumes for crude oil in the Permian Basin increased to 86 MBbl/d in Q3 2025 from 83 MBbl/d in Q2 2025, while total average sales volumes reached 336 MBoe/d [21]. - Total average sales volumes for natural gas reached 546 MMcf/d in Q3 2025, up from 524 MMcf/d in Q2 2025 [21]. Dividends and Shareholder Returns - A quarterly dividend of $0.50 per share was declared, payable on December 29, 2025 [8]. - The company repurchased and retired $250 million of common stock in Q3 2025, compared to $78 million in Q3 2024 [18]. Risk Management and Guidance - Due to the pending merger with SM Energy, the company has discontinued providing future financial guidance [9]. - The company added over 2 million barrels of oil hedges covering the next 12 months during the third quarter [10]. - The derivative cash settlement gain for crude oil was $39 million in Q3 2025, up from $36 million in Q2 2025, indicating effective price risk management [21].

Exhibit 99.1 Grindr Inc. Reports Third Quarter 2025 Revenue Growth of 30% Third Quarter 2025 Revenue of $116 Million Net Income of $31 Million, Net Income Margin of 27% Adjusted EBITDA of $55 Million and Adjusted EBITDA Margin of 47% Increasing expectation for full-year 2025 Adjusted EBITDA to be between $191 Million - $193 Million, with an Adjusted EBITDA margin above 43%, and reaf irming Revenue Growth outlook of 26% or greater LOS ANGELES, CA – November 6, 2025 – Grindr Inc. (NYSE: GRND) ("Grindr" or the ...