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 ☐ 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 001-42167 DT Cloud Star Acquisition Corporation (Exact name of registrant as specified in its charter) Cayman Isl ...

Financial Performance - CareTrust reported net income of $74.9 million, or $0.35 per diluted share, representing a 67% increase from the prior year quarter[2][4] - Normalized FFO was $94.7 million, or $0.45 per diluted share, an 18% increase year-over-year[2][4] - Normalized FAD reached $93.1 million, or $0.44 per diluted share, reflecting a 13% increase compared to the same quarter last year[2][4] - For the three months ended September 30, 2025, total revenues increased to $132,444,000, up 70.9% from $77,381,000 in the same period of 2024[16] - Net income attributable to CareTrust REIT, Inc. for the three months ended September 30, 2025, was $74,901,000, compared to $33,441,000 for the same period in 2024, representing a 123.8% increase[21] - Earnings per common share attributable to CareTrust REIT, Inc. for the three months ended September 30, 2025, was $0.35, up from $0.21 in the same period of 2024[16] - Normalized Funds from Operations (FFO) attributable to CareTrust REIT, Inc. for the three months ended September 30, 2025, was $94,677,000, compared to $60,896,000 for the same period in 2024, an increase of 55.6%[21] Debt and Leverage - CareTrust's net debt-to-annualized normalized run rate EBITDA was 0.42x, significantly below the target leverage range of 4.0x to 5.0x[3][4] - Total debt as of September 30, 2025, was $900,000,000, significantly higher than $400,000,000 in 2024[19] - Net Debt for the three months ended September 30, 2025, was $187,520,000, compared to $22,898,000 in the same period of 2024, indicating a substantial increase in leverage[19] - The company’s total liabilities increased to $1,071,710 thousand as of September 30, 2025, from $507,633 thousand as of December 31, 2024, a rise of 111.1%[33] - The company’s total debt as of September 30, 2025, was $893,795 thousand, with a weighted average interest rate of 4.294%[37] Investments and Growth Potential - CareTrust closed investments totaling approximately $436.5 million at an estimated stabilized yield of 8.8% during the quarter[4] - CareTrust has an investment pipeline of approximately $600 million, indicating strong future growth potential[1][4] - The updated guidance for 2025 projects net income of approximately $1.41 to $1.42 per diluted share and normalized FFO of approximately $1.76 to $1.77[5] Dividends - The quarterly dividend was maintained at $0.335 per share, with a payout ratio of approximately 76% based on normalized FAD[6] - The company declared dividends of $0.335 per common share for the three months ended September 30, 2025, compared to $0.29 in the same period of 2024[16] Cash Flow and Assets - Cash and cash equivalents rose to $712,480 thousand as of September 30, 2025, compared to $213,822 thousand at the beginning of the period, marking a 233.5% increase[35] - Net cash provided by operating activities was $273,069 thousand for the nine months ended September 30, 2025, compared to $169,043 thousand for the same period in 2024, an increase of 61.7%[35] - Total assets increased to $5,088,920 thousand as of September 30, 2025, up from $3,437,016 thousand as of December 31, 2024, representing a growth of 48.3%[33] Performance Metrics - FFO attributable to CareTrust REIT, Inc. is defined as net income excluding gains or losses from real estate dispositions, depreciation, and impairment charges[45] - FAD attributable to CareTrust REIT, Inc. excludes noncash income and expenses, providing a clearer view of operating results[46] - The Company reports Normalized FFO and Normalized FAD, adjusting for non-indicative revenue and expense items to enhance comparability[47] - Net Debt to Annualized Normalized Run Rate EBITDA is calculated to assess the Company's credit strength and ability to service debt obligations[50] - The Company considers net income as defined by GAAP to be the most appropriate earnings measure for evaluating performance[51] - Normalized Run Rate EBITDA is adjusted for investments completed during the quarter, annualized by multiplying by four[50] - FFO, Normalized FFO, FAD, and Normalized FAD are relevant measures among REITs but do not represent cash flows from operations[48] - The Company aims to improve understanding of operating results among investors by combining various performance measures[51] - The computation of FFO and FAD may differ from other REITs due to varying definitions and interpretations[49] - The Company believes that excluding certain items allows for a more meaningful comparison of operating performance between periods[51]

"Our MCM business in the U.S. continues to deliver very strong results. Capitalizing on the ongoing attractive market opportunity in the U.S. driven by ample portfolio supply, MCM portfolio purchases in the third quarter were $261 million, up 13% compared to the year ago quarter. MCM also delivered record collections of $502 million in the third quarter, up 25% compared to Q3 a year ago. This exceptional collections performance is the result of strong execution and continued significant portfolio purchasing ...

Financial Performance - Service revenue for Q3 2025 reached $261,142,000, a 9.6% increase from $238,291,000 in Q3 2024[8] - Operating income decreased to $18,019,000 in Q3 2025 from $48,175,000 in Q3 2024, representing a decline of 62.6%[8] - Net income for Q3 2025 was $16,274,000, down 60.8% from $41,467,000 in Q3 2024[8] - Basic earnings per share (EPS) for Q3 2025 was $0.59, compared to $1.43 in Q3 2024, a decrease of 58.8%[8] - Comprehensive income for Q3 2025 was $16,660,000, compared to $41,593,000 in Q3 2024, indicating a decline of 60.0%[13] - Net income for the nine months ended September 30, 2025, was $129,438,000, compared to $144,355,000 for the same period in 2024, reflecting a decrease of approximately 10.3%[20] - Operating income for the nine months ended September 30, 2025, was $157,831,000, compared to $175,372,000 for the same period in 2024, indicating a decline of 10.0%[8] Costs and Expenses - Total costs and expenses for Q3 2025 were $243,123,000, compared to $190,116,000 in Q3 2024, reflecting a 27.9% increase[8] - Cash flows provided by operating activities totaled $143,006,000 for the nine months ended September 30, 2025, down from $154,141,000 in 2024, indicating a decline of about 7.2%[20] - Share-based compensation expenses were $10,411,000 for the nine months ended September 30, 2025, compared to $10,855,000 in 2024, reflecting a decrease of about 4.1%[20] - Operating lease costs for the nine months ended September 30, 2025, were $13,306 thousand, compared to $12,350 thousand for the same period in 2024[82] Assets and Equity - Total assets as of September 30, 2025, were $1,032,792,000, up from $1,018,425,000 at the end of 2024[11] - Total stockholders' equity as of September 30, 2025, was $758,041,000, down from $783,853,000 at the end of 2024[11] - The company reported basic weighted average shares outstanding of 27,740 thousand for the three months ended September 30, 2025, down from 29,003 thousand in the same period of 2024[77] - The company’s total liabilities increased to $274,751,000 as of September 30, 2025, compared to $234,572,000 as of December 31, 2024[11] Cash and Cash Equivalents - Cash and cash equivalents decreased significantly to $97,284,000 from $324,623,000 at the end of 2024[11] - Total cash and cash equivalents and restricted cash at the end of the period was $97,284,000, down from $263,584,000 at the end of September 2024, representing a decrease of approximately 63.1%[20] Litigation and Settlements - The company recorded a reserve for litigation settlement of $35,000,000 in Q3 2025[8] - The company incurred a reserve for litigation settlement amounting to $35,000,000 during the nine months ended September 30, 2025[20] - The company has recorded a settlement amount of $35 million related to a False Claims Act matter in its financial statements for the period ended September 30, 2025[90] Revenue Generation - The company provides education services to 20 university partners across the United States as of September 30, 2025[24] - The company generated all revenue through services agreements with university partners, receiving a percentage of tuition and fee revenue[45] - The company relies heavily on its most significant university partner, GCU, which accounted for 89.1% and 88.3% of total service revenue for the nine-month periods ended September 30, 2025, and 2024, respectively[59] Investments - The company had investments of $179,691,000 classified as available-for-sale securities as of September 30, 2025, with no investments reported at December 31, 2024[71] - As of September 30, 2025, total investments amounted to $178,968 million, with net unrealized gains of $551 million for the nine months ended September 30, 2025[72] - The fair value of investments is determined using Level 1 and Level 2 inputs, with corporate bonds and commercial paper included in the investment portfolio[42][43] Share Repurchase and Compensation - The company repurchased 874 shares of common stock at an aggregate cost of $156,749,000 during the nine months ended September 30, 2025, with $144,381,000 remaining under its current share repurchase authorization[102] - The company has authorized share repurchases of up to $2,245,000,000 since the initiation of its stock repurchase program, with the current authorization expiring on March 1, 2026[101] - Share-based compensation expense for the nine months ended September 30, 2025, was $10,411,000, slightly down from $10,855,000 in the same period of 2024[100] Future Commitments and Obligations - The total lease payments due for the company's operating leases amount to $131,267 thousand, with a present value of lease liabilities of $110,528 thousand[84] - The company has $6,472 thousand of non-cancelable operating lease commitments for one off-campus classroom and laboratory site that had not yet commenced[83] - The weighted-average remaining lease term for operating leases is 7.43 years, with a weighted-average discount rate of 4.43%[83] Accounting and Compliance - The company does not expect recent accounting pronouncements to have a material impact on its financial condition or results of operations[64][68] - The company has not accrued any liability associated with ongoing legal proceedings, as it cannot estimate a range of loss based on available information[93] - The company intends to defend itself vigorously in various legal proceedings, including class actions and FTC claims[93][97]

Financial Performance - Revenues for the three months ended September 30, 2025, increased by 11% to $138,743,000 compared to $125,213,000 in 2024, driven by a 9.0% volume increase and a 1.8% foreign currency impact [105]. - Gross profit rose to $46,181,000, an 18% increase from $39,264,000 in the same period last year, with gross margin improving to 33.3% from 31.4% [107]. - Net income for the three months ended September 30, 2025, was $6,477,000, representing a 208% increase compared to $2,101,000 in 2024 [105]. - Net income for the nine months ended September 30, 2025, increased to $15,651, a 54% increase from $10,153 in 2024 [119]. - Adjusted net income for the nine months ended September 30, 2025, was $27,003, compared to $19,471 in 2024, reflecting a 39% increase [131]. - Revenues for the nine months ended September 30, 2025, were $411,124, a 1% increase from $407,958 in 2024 [119]. - Gross profit increased to $135,289 for the nine months ended September 30, 2025, up 6% from $127,317 in 2024, with gross margin percentage rising to 32.9% from 31.2% [122]. - EBITDA for the nine months ended September 30, 2025, was $49,777, compared to $42,438 in 2024, representing a 17% increase [132]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $57,838, up from $48,404 in 2024, indicating a 19% increase [132]. - Order bookings increased by 12% for the nine months ended September 30, 2025, totaling $405,774 compared to $362,131 in 2024 [119]. Cost Management - The effective tax rate for the three months ended September 30, 2025, was 22.2%, slightly down from 22.6% in 2024 [116]. - The company expects to achieve an additional $6 to $7 million in annualized cost savings from its Simplify to Accelerate NOW strategy, with one-time costs estimated at $4 to $5 million [101]. - Engineering and development expenses increased by 7% to $9,687,000 in the three months ended September 30, 2025, reflecting higher incentive compensation [112]. - Selling expenses decreased by 2% to $6,217,000, representing 4% of revenues in 2025 compared to 5% in 2024 [108]. - Selling expenses decreased by 5% during the nine months ended September 30, 2025, as part of cost reduction actions [123]. Strategic Initiatives - The company is restructuring its operations, including transferring assembly operations from Dothan, Alabama, to enhance operational efficiency [100]. - The company has refined its strategy to focus on three technology pillars: Motion, Controls, and Power, and rebranded as Allient Inc. [98]. Cash Flow and Capital Management - Cash and cash equivalents increased by $3,374,000 to $39,476,000 as of September 30, 2025, compared to December 31, 2024 [147]. - Net cash provided by operating activities for the nine months ended September 30, 2025, was $43,116,000, an increase of $13,658,000 from $29,458,000 in 2024 [148]. - Capital expenditures for the full year 2025 are expected to be between $6,500,000 and $8,500,000 [150]. - The Company declared dividends of $0.09 per share during each of the nine months ended September 30, 2025, and 2024 [155]. Foreign Currency and Interest Rate Impact - The Company reported a foreign currency loss of $1,974,000 for the nine months ended September 30, 2025, compared to a loss of $380,000 in 2024 [159]. - A hypothetical 10% change in the value of the U.S. dollar would have impacted sales by approximately $4,753,000 for the nine months ended September 30, 2025 [157]. - The Series A Notes will bear interest at 6.46% from October 1, 2024, through September 30, 2025 [160]. - As of September 30, 2025, the company had $134,963 outstanding under the Revolving Facility, with $90,000 currently being hedged [164]. - The company entered into an interest rate swap with a notional amount of $40,000 in March 2022, maturing in December 2026 [163]. - An additional interest rate swap with a notional amount of $50,000 was entered into in September 2024, maturing in September 2027 [163]. - A hypothetical one percentage point change in the Base Rate on $44,963 of unhedged floating rate debt would impact interest expense by approximately $450 for the nine months ended September 30, 2025 [164].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q Table of Contents ☒ 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 0-04041 ALLIENT INC. (Exact name of Registrant as Specified in Its Cha ...

Exhibit 99.1 Coherent Corp. 375 Saxonburg Blvd. Saxonburg, PA 16056-9499 PRESS RELEASE COHERENT CORP. REPORTS FIRST QUARTER FISCAL 2026 RESULTS SAXONBURG, Pa., November 5, 2025 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) ("Coherent," "We," or the "Company"), a global leader in photonics, announced financial results today for its first quarter of fiscal year 2026 ended September 30, 2025. Revenue for the first quarter of fiscal 2026 was $1.58 billion, with GAAP gross margin of 36.6% and GAAP net income of ...

Financial Performance - Total assets increased to $8,254,319 thousand as of September 30, 2025, up from $6,192,010 thousand at December 31, 2024, representing a growth of 33.4%[15] - Net income for Q3 2025 was $7,045,000, a decrease of 49.6% compared to $13,954,000 in Q3 2024[18] - Comprehensive income for Q3 2025 was $9,947,000, down from $24,048,000 in Q3 2024, reflecting a decline of 58.7%[18] - Net income for the nine months ended September 30, 2025, was $32,482 thousand, a decrease from $39,511 thousand in the same period of 2024, representing a decline of approximately 18.4%[22] - Basic earnings per common share for Q3 2025 was $0.22, down from $0.61 in Q3 2024, a decrease of 63.6%[17] - The company reported a significant increase in salaries to $15,597 million in Q3 2025, up from $13,726 million in Q3 2024, reflecting investment in human resources[192] Loan and Credit Quality - Net loans receivable rose to $6,400,512 thousand, compared to $4,561,599 thousand in the previous period, marking an increase of 40.3%[15] - Provision for credit loss expense significantly increased to $18,456,000 in Q3 2025 from $2,381,000 in Q3 2024, indicating a rise in expected credit losses[17] - The allowance for credit losses increased to $67,684 thousand from $47,357 thousand, indicating a rise of 42.9%[15] - The total provision for credit losses for the nine months ended September 30, 2025, was $5.936 billion, significantly impacting the overall financial performance[87] - The allowance for credit losses for owner-occupied, nonfarm nonresidential properties increased to $6.704 billion, reflecting a charge-off of $1.516 billion[87] - The Corporation's allowance for credit losses is influenced by loan volumes, risk rating migration, and economic forecasts[89] Deposits and Funding - Total deposits grew to $6,900,267 thousand, up from $5,371,364 thousand, reflecting a 28.5% increase[15] - The company experienced a net increase in checking, money market, and savings accounts of $155,024 thousand in 2025, compared to $70,861 thousand in 2024, indicating a growth of approximately 118.0%[22] - Brokered deposits increased to $261.9 million as of September 30, 2025, compared to $185.0 million at December 31, 2024[131] - Total loans pledged to the Federal Home Loan Bank (FHLB) were $3.6 billion as of September 30, 2025, up from $2.1 billion at December 31, 2024[134] Merger and Acquisition - The company is focused on integrating operations following the merger with ESSA Bancorp, Inc., aiming for expected synergies and efficiencies[12] - The acquisition of ESSA Bancorp and ESSA Bank contributed $202,549,000 to additional paid-in capital[19] - The total consideration paid to ESSA shareholders was approximately $202.6 million, consisting of about 8,359,430 shares valued at approximately $202.5 million and $21 thousand in cash for fractional shares[51] - The Corporation incurred merger and integration costs of $4.2 million for the three months and $6.0 million for the nine months ended September 30, 2025[52] Non-Interest Income and Expenses - Non-interest income totaled $10,566,000 in Q3 2025, slightly down from $10,973,000 in Q3 2024, showing a decrease of 3.7%[17] - Total non-interest expenses increased to $50,157,000 in Q3 2025, up from $38,784,000 in Q3 2024, marking a 29.4% rise[17] - Total non-interest income for the nine months ended September 30, 2025, was $28,081 million, slightly down from $28,793 million in the same period of 2024[192] Cash Flow and Investments - Net cash provided by operating activities decreased to $38,879 thousand in 2025 compared to $49,271 thousand in 2024, reflecting a decline of about 21.0%[22] - The company reported net cash provided by investing activities of $62,086 thousand in 2025, a significant improvement compared to a net cash used of $113,594 thousand in 2024[22] - Cash dividends declared for common stock were $12,885 thousand in 2025, compared to $11,134 thousand in 2024, representing an increase of approximately 15.7%[22] Asset Management - The total liabilities increased to $7,410,134 thousand, up from $5,581,315 thousand, representing a growth of 32.7%[15] - The total cash and cash equivalents at the end of September 2025 were $438,088 thousand, up from $360,909 thousand at the end of September 2024, marking an increase of approximately 21.4%[23] - The fair value of debt securities available-for-sale was $533.55 million as of September 30, 2025, with an amortized cost of $569.24 million[68] Risk Management - Future performance may be impacted by changes in interest rates and credit risks associated with lending activities[12] - The company anticipates potential challenges from economic conditions and competition affecting its operations and market position[12] - Significant uncertainty regarding the economy persists due to elevated interest rates and geopolitical conflicts, prompting management to evaluate expected credit losses proactively[90]

Financial Performance - Net losses attributable to IonQ, Inc. were $1,264.0 million and $129.6 million for the nine months ended September 30, 2025 and 2024, respectively, with an accumulated deficit of $1,947.8 million as of September 30, 2025 [186]. - Net loss attributable to IonQ, Inc. was $1,054.96 million for the three months ended September 30, 2025, compared to a net loss of $52.5 million for the same period in 2024 [204]. - The company expects to incur significant losses and higher operating expenses for the foreseeable future, with an accumulated deficit of $1,947.8 million as of September 30, 2025 [229]. Revenue and Growth - Revenue is derived from contracts related to specialized quantum computing hardware, quantum networking products, QCaaS, consulting services, and satellite imagery [189]. - Revenue increased by $27.5 million, or 222%, to $39.9 million for the three months ended September 30, 2025, from $12.4 million for the same period in 2024 [205]. - Revenue for the nine months ended September 30, 2025, increased by $36.8 million, or 117%, to $68.1 million from $31.4 million for the same period in 2024 [217]. Expenses - Research and development expenses increased by $33.1 million, or 100%, to $66.3 million for the three months ended September 30, 2025, from $33.2 million for the same period in 2024 [207]. - General and administrative expenses surged by $68.2 million, or 476%, to $82.5 million for the three months ended September 30, 2025, from $14.3 million for the same period in 2024 [209]. - The increase in general and administrative expenses was primarily driven by a $39.2 million increase in payroll-related expenses, including stock-based compensation [209]. - The increase in research and development expenses was primarily due to a $27.0 million increase in payroll-related expenses, including stock-based compensation [207]. - Research and development expenses increased by $112.9 million, or 117%, to $209.6 million for the nine months ended September 30, 2025, from $96.8 million for the same period in 2024 [219]. - General and administrative expenses surged by $113.0 million, or 273%, to $154.4 million for the nine months ended September 30, 2025, from $41.4 million in 2024 [221]. - Cost of revenue (excluding depreciation and amortization) rose by $14.7 million, or 226%, to $21.3 million for the three months ended September 30, 2025, from $6.5 million for the same period in 2024 [206]. - Cost of revenue (excluding depreciation and amortization) for the nine months ended September 30, 2025, increased by $18.3 million, or 118%, to $33.9 million from $15.6 million for the same period in 2024 [218]. - Depreciation and amortization expenses increased by $28.2 million, or 215%, to $41.4 million for the nine months ended September 30, 2025, from $13.2 million in 2024 [222]. Cash Flow and Financing - Net cash used in operating activities was $208.7 million for the nine months ended September 30, 2025, compared to $66.3 million in 2024 [236]. - Net cash used in investing activities was $873.6 million for the nine months ended September 30, 2025, primarily due to purchases of available-for-sale securities [238]. - Net cash provided by financing activities was $1,377.4 million for the nine months ended September 30, 2025, primarily from proceeds from the issuance of common stock and warrants [240]. - As of September 30, 2025, the company had cash, cash equivalents, and available-for-sale securities totaling $1,485.0 million [229]. Strategic Outlook - The company is developing quantum computers and networks aimed at solving complex problems and transforming business and society [182]. - The company expects to continue incurring significant losses as it prioritizes reaching technical milestones for stable qubits and higher fidelity [186]. - The company intends to continue considering acquisitions and investments in complementary businesses to enhance its operations [187]. - The impact of macroeconomic factors such as inflation and interest rates may adversely affect operating results and financing options [188]. Market Risks and Accounting - The company acknowledges that estimates related to forward-looking views can significantly impact the fair values of identifiable intangible assets, potentially leading to material changes in reported intangible assets and goodwill [245]. - Recent accounting standards have been adopted, as discussed in the Summary of Significant Accounting Policies in the Quarterly Report [246]. - The company is exposed to market risks related to interest rate changes and credit concentration, with no material changes reported since December 31, 2024 [247].

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 001-39472 CNB FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania 25-1450605 (State or other jurisdic ...