Financial Position - As of March 31, 2025, the company had cash of $403 and a working capital deficit of $10,418,040, compared to cash of $101,674 and a working capital deficit of $17,358,530 as of December 31, 2024[151]. - As of March 31, 2025, the cash held in the trust account was $3,282,555, including $171,058 of interest[164]. - As of March 31, 2025, the Company had $403 in cash held outside the Trust Account and a working capital deficit of $10,418,040[168]. - As of March 31, 2025, the total amount owed to the Sponsor was $10,041,967, including $202,556 for expenses paid by the Sponsor on behalf of the Company[176]. - The Company has no long-term debt or capital lease obligations, only a monthly fee of $5,000 for office space and administrative services[177]. Business Performance - For the three months ended March 31, 2025, the company reported a net loss of $3,367,514, which included a loss of $3,046,500 in the fair value of warrant liabilities and operating costs of $353,819[153]. - For the three months ended March 31, 2024, the company reported a net loss of $22,015,739, with a loss of $21,132,500 in the fair value of warrant liabilities[154]. - The company generated interest income of $34,560 from its trust account for the three months ended March 31, 2025[153]. Initial Public Offering - The company completed its Initial Public Offering on November 25, 2020, raising gross proceeds of $115,000,000 from the sale of 11,500,000 units[155]. - Following the Initial Public Offering, a total of $116,725,000 was placed in the trust account after accounting for transaction costs of $4,099,907[156]. - The Company is obligated to pay I-Bankers Securities a cash fee of $3,162,500 upon the consummation of a business combination, which is 2.75% of the gross proceeds of the Initial Public Offering[178]. Business Combination - The company intends to use substantially all funds in the trust account to complete its business combination, with remaining proceeds to be used for working capital and growth strategies[167]. - The company executed multiple extensions for its business combination deadline, with the latest extension allowing until June 26, 2024[161]. - The Company has until June 26, 2025, to consummate a business combination, with substantial doubt raised about its ability to continue as a going concern[172][173]. Shareholder Actions - The company redeemed 621,609 shares of common stock for $7,353,424 during the redemption process following stockholder meetings[163]. Sponsor Obligations - The Company signed multiple promissory notes with the Sponsor, with the total outstanding amount under these notes as of March 31, 2025, being $7,539,411[171][175]. - The Company has a legal services engagement with Woolery & Co., with a total fee obligation of $2.0 million upon completion of a business combination, of which $1.2 million will be assumed by the Sponsor[179]. - The Company has signed a Public Relations Agreement with Gateway Group, which includes a Transaction Success Fee of $100,000 upon successful completion of a business combination[180]. - The Company has entered into a Merger Proxy/Business Combination Rate Agreement with Edgar Agents LLC, which includes a Transaction Success Fee of $50,000 upon successful completion and filing of documents with the SEC[182]. Valuation and Reporting - The Company evaluated its Public and Private Placement Warrants as derivative liabilities, with fair value determined based on the trading price of the Public Warrants as of March 31, 2025[186][187]. - The company is classified as a smaller reporting company under Rule 12b-2 of the Exchange Act and is not required to provide the information typically required under this item[190].

Financial Performance - Net revenues for the first quarter of fiscal 2025 increased by $69.8 million or 4.2%, with comparable brand revenue growth of 3.4%[81] - Diluted earnings per share for the first quarter of fiscal 2025 was $1.85, a decrease from $1.99 in the same quarter of fiscal 2024[85] - Gross profit for the first quarter of fiscal 2025 was $765.8 million, representing 44.3% of net revenues, down from 47.9% in the first quarter of fiscal 2024[96] - Gross profit decreased by $29.4 million, or 3.7%, with gross margin declining to 44.3% from 47.9% year-over-year[97] - Selling, general and administrative expenses (SG&A) decreased by $3.0 million, or 0.6%, with SG&A as a percentage of net revenues decreasing to 27.5% from 28.8%[100] - The effective tax rate increased to 23.0% from 21.8% year-over-year, primarily due to lower excess tax benefits from stock-based compensation[101] - Net cash provided by operating activities was $118.9 million, down from $226.8 million in the first quarter of fiscal 2024[115] Brand Performance - Pottery Barn, the largest brand, achieved comparable brand revenue growth of 2.0%, while Pottery Barn Kids and Teen brands saw growth of 3.8%[82] - The Williams Sonoma brand experienced a significant growth of 7.3% in comparable brand revenue, driven by strong performance in kitchen and home categories[84] - Emerging brands, including Rejuvenation, Mark and Graham, and GreenRow, delivered double-digit brand comp growth on a combined basis[84] Cash and Investments - As of May 4, 2025, the company had $1.0 billion in cash and cash equivalents and generated operating cash flow of $118.9 million[86] - The company invested $58.3 million in capital expenditures and returned $164.6 million to shareholders through stock repurchases and dividends in the first quarter of fiscal 2025[86] - Net cash used in investing activities increased to $58.2 million from $39.5 million, mainly due to technology and supply chain enhancements[116] - Net cash used in financing activities rose to $230.0 million from $193.7 million, driven by increased stock repurchases and dividend payments[117] - As of May 4, 2025, the company held $1.0 billion in cash and cash equivalents, with $96.1 million held by international subsidiaries[110] - The company has a $500 million unsecured revolving credit facility, with the option to increase it by up to $250 million[111] Operational Strategy - The company plans to focus on returning to growth, enhancing customer service, and driving earnings amid a challenging macroeconomic environment[88] - The company plans to use cash resources for inventory purchases, employment-related costs, advertising, and capital expenditures for the remainder of fiscal 2025[108] - The total store count decreased to 508 as of May 4, 2025, with 3 openings and 7 closures during the quarter[93] - The company experienced varying levels of inflation impacting costs, but its operating model helped mitigate these increased costs[125]

Coal Production and Operations - The company has not mined or sold thermal coal since mid-2019, with all mining operations currently idled due to adverse market conditions [196]. - In 2023, the Carnegie 1 Mine produced approximately 67,000 tons of coal, selling at an average price of $180 per ton [200]. - The Carnegie 2 Mine produced approximately 13,000 tons of coal in 2023, with an average selling price of $237 per ton [201]. - The McCoy Elkhorn subsidiary has an estimated capacity to produce up to approximately 40,000 tons of coal per month from Mine 15 when operational [199]. - The company holds 11 additional coal mining permits that are idled or in various stages of reclamation, with no current plans to bring them into production [208]. - Wyoming County Coal holds approximately 5,668,000 tons of coal deposits, with no current production from its mining permits [224]. - The E4-2 mine in Perry County has an estimated production capacity of 80,000 tons per month, but produced only 106,000 tons in 2022 due to adverse market conditions [235]. - The Davidson Branch Preparation Plant has a capacity of 1,300 tons per hour but is currently not operating due to idled mining operations [236]. - The company has approximately 200 mineral and surface leases required for its coal mining operations [245]. Financial Performance - Total revenue for the three months ended March 31, 2025, was $31,927, a decrease of $62,092 compared to $94,019 in 2024, primarily due to a reduction of $64,667 in royalty income [258]. - Total operating expenses decreased by $1,808,844 to $5,015,360 for the three months ended March 31, 2025, driven by lower coal production costs and reduced professional fees [259]. - Net loss attributable to AREC shareholders for the three months ended March 31, 2025, was $6,652,763, a decrease of $288,600 compared to a net loss of $6,941,363 in 2024 [258]. - Cash used in operating activities for the three months ended March 31, 2025, was $1,434,850, a decrease from $4,726,617 in 2024 [264]. - Cash provided by investing activities was $741,401 for the three months ended March 31, 2025, compared to cash used of $432,642 in 2024 [265]. - Cash provided by financing activities was $76,799 for the three months ended March 31, 2025, a significant decrease from $148,262,883 in 2024 due to the absence of bond issuances [266]. - As of March 31, 2025, the company had a cash balance of $24,623 and a working deficit of $75,839,150, indicating liquidity challenges [263]. Capital Expenditures and Investments - The company has expended approximately $32,500,000 of the $36,500,000 initial project fund for Wyoming County Coal as of December 31, 2024 [228]. - The purchase price allocated to the Wyoming County Coal property was approximately $22,300,000, primarily settled with shares of the Company's Class A Common stock [230]. - The company had no material commitments for capital expenditures as of March 31, 2025 [268]. Business Diversification - The company has diversified its revenue streams by establishing subsidiaries focused on metal recovery and rare earth elements, with ReElement Technologies LLC being one of them [194]. - The company anticipates increasing revenues from its new ReElement and Electrified Materials businesses in 2025, but will require cash flows from financing activities to support operations [262]. Operational Capacity - The Supreme Energy Preparation Plant, a 400 ton-per-hour facility, is currently idled and would require significant capital to bring back into operation [215]. - The Bevins 1 Preparation Plant has a raw coal stockpile storage capacity of approximately 25,000 tons and clean coal stockpile storage of 100,000 tons [203]. - The Mill Creek Preparation Plant has an operational capacity of 800 tons per hour, but currently utilizes less than 10% of this capacity [220]. Other Financial Metrics - The increase in net other expense was primarily due to a decrease in interest income of $485,630 and an increase in interest expense of $1,089,817 compared to the same period in 2024 [261]. - The company employs approximately 23 direct employees and is headquartered in Fishers, Indiana [256].

Backlog and Revenue Potential - As of March 31, 2025, the company's backlog was approximately $1.90 billion, with $1.54 billion related to Systems & Support and $0.36 billion to Interiors [23]. - The backlog as of March 31, 2024, was also approximately $1.90 billion, indicating stability in order volume year-over-year [23]. - Approximately $1.19 billion of the existing backlog is estimated to be shipped by March 31, 2026, reflecting future revenue potential [23]. Customer Dependency and Competition - A significant portion of net sales is dependent on Boeing, highlighting the risk of financial impact from reduced sales to this major customer [24]. - The company competes primarily with Tier 1 and Tier 2 systems suppliers and component manufacturers in the aerospace industry [25]. Employee Safety and Labor Relations - The total recordable incident rate (TRIR) improved from 1.17 in 2022 to 0.6 in 2024, indicating enhanced employee safety measures [44]. - Approximately 37% of net sales are derived from facilities where at least some employees are unionized, indicating a significant labor presence [39]. - The company employs approximately 3,696 permanent employees, with 465 represented by labor unions, reflecting a diverse workforce [39]. - The company emphasizes human capital management, focusing on talent acquisition, retention, and employee engagement metrics [37]. Merger and Acquisition Activity - The company entered into a Merger Agreement with Titan BW Acquisition Holdco Inc., with each share of common stock to be converted into $26.00 in cash at the closing of the Merger [54]. - Stockholders approved the Merger on April 16, 2025, and the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on March 10, 2025 [55]. - The Merger is expected to close in the second half of calendar year 2025, pending customary closing conditions and regulatory approvals [55]. Financial Risks and Debt Management - The company is subject to foreign currency exchange rate risk and uses foreign currency forward contracts to hedge against this risk [229]. - A 10% change in the exchange rate of the company's foreign currency contracts would not have a material impact on unrecognized gains or losses within operating income [229]. - The company's long-term debt is carried at amortized cost, and fluctuations in interest rates do not impact consolidated financial statements [230]. - The fair value of outstanding debt, which pays interest at a fixed rate, will fluctuate with movements of interest rates [230]. - The weighted average interest rates for fixed rate cash flows range from 7.33% to 8.96% as of March 31, 2025 [232]. - Total fixed rate cash flows amount to approximately $983,720,000, with significant cash flows expected in the next 12 months and 13-24 months [232]. - There are no other significant market risk exposures identified by the company [232]. Community Engagement - The Triumph Group Charitable Foundation allocated approximately $0.5 million to around 130 recipient organizations in fiscal year 2025, demonstrating commitment to community support [46].

Financial Performance - Revenue for Q2 fiscal 2025 was $1.604 billion, an increase of $149.6 million or 10% compared to Q2 fiscal 2024[157] - Operating income for Q2 fiscal 2025 was $376.4 million, an increase of $44.4 million or 13% year-over-year[163] - Total revenue for the six months ended April 30, 2025, was $3.059 billion, an increase of $93.9 million or 3% compared to the same period in fiscal 2024[163] - Total revenue for the three months ended April 30, 2025, was $1,604.3 million, representing a 10% increase from $1,454.7 million in the same period of 2024[195] - Design Automation segment revenue increased by 6% to $1,122.3 million for the three months ended April 30, 2025, compared to $1,054.9 million in the prior year[195] - Design IP segment revenue grew by 21% to $482.0 million for the three months ended April 30, 2025, up from $399.8 million in the same period of 2024[195] - Upfront products revenue for the three months ended April 30, 2025, was $510.7 million, a 29% increase from $396.4 million in the same period of 2024[201] - Time-based products revenue for the three months ended April 30, 2025, was $828.3 million, a 6% increase from $781.7 million in the same period of 2024[200] - Maintenance revenue for the three months ended April 30, 2025, increased to $117.8 million, up 6% from $110.9 million in 2024, while total maintenance and service revenue decreased by 4% to $265.2 million[203] - Adjusted operating income for the Design Automation Segment rose to $458.8 million for the three months ended April 30, 2025, reflecting a 10% increase from $418.2 million in 2024[223] - Adjusted operating income for the Design IP Segment increased to $150.5 million for the three months ended April 30, 2025, a 21% rise from $124.8 million in 2024[224] Costs and Expenses - Total cost of revenue and operating expenses for Q2 fiscal 2025 was $1.2 billion, an increase of $105.2 million or 9% primarily due to employee-related costs[163] - Total cost of revenue for the three months ended April 30, 2025, was $318.3 million, a 6% increase from $300.4 million in 2024[205] - Research and development expenses for the three months ended April 30, 2025, rose to $554.0 million, a 12% increase from $493.1 million in 2024[210] - Sales and marketing expenses for the three months ended April 30, 2025, were $215.0 million, a 2% increase from $209.8 million in 2024[212] - General and administrative expenses for the three months ended April 30, 2025, increased to $136.5 million, a 19% rise from $114.8 million in 2024[214] - The increase in cost of revenue was primarily due to $23.2 million in employee-related costs and $9.0 million in hardware-related costs[208] Net Income and Other Income - Net income from continuing operations attributed to Synopsys for Q2 fiscal 2025 was $299.1 million, compared to $644.9 million for the same period in fiscal 2024[158] - Total other income for the three months ended April 30, 2025, was $114.1 million, a 592% increase from $16.5 million in the same period of 2024[221] - Interest income increased to $89.9 million for the three months ended April 30, 2025, up 675% from $11.6 million in the same period of 2024[221] Acquisition and Financing - The pending acquisition of Ansys is valued at approximately $35.0 billion, based on Synopsys' stock price as of December 21, 2023[165] - The Ansys Merger is expected to close in the first half of calendar year 2025, pending regulatory approvals[168] - Synopsys plans to issue $10.1 billion in Senior Notes to fund a portion of the cash consideration for the Ansys Merger[171] - The pending Ansys Merger is expected to require a cash consideration payment of $19 billion, funded through a combination of cash on hand and debt financing[230] - The company issued $10 billion aggregate principal amount of Senior Notes in March 2025, with net proceeds of approximately $9.9 billion intended for the Ansys Merger and related expenses[255] Cash Flow and Investments - Cash provided by operating activities decreased to $207.9 million for the six months ended April 30, 2025, down from $388.8 million in 2024[236] - Cash provided by investing activities improved to $54.0 million for the six months ended April 30, 2025, compared to cash used of $166.2 million in the same period of 2024[239] - As of April 30, 2025, the company held $14.3 billion in cash, cash equivalents, and short-term investments[228] Market and Economic Conditions - The company has consistently grown revenue since 2005, despite global economic uncertainties, due to strong customer relationships and execution[161] - The company is actively monitoring geopolitical pressures and changes in U.S. and global trade policy, but these have not materially impacted business results to date[175] - The company anticipates growth across its geographies in fiscal 2025, except for China, which is facing a challenging economic environment[174] - The U.S. Export Regulations have not materially impacted the company's business, although future changes are anticipated[178] - The company’s time-based model provides stability, but the long-term implications of macroeconomic and geopolitical events remain uncertain[177] Debt and Credit Facilities - The company has an unsecured $850.0 million committed multicurrency revolving credit facility and an unsecured uncommitted incremental revolving loan facility of up to $150.0 million, with a maturity date of December 14, 2027[250] - As of April 30, 2025, the company had no outstanding balance under the Revolving Credit Agreement[250] - The applicable margin for Adjusted Term SOFR Rate based loans ranges from 0.785% to 0.975%, based on the company's consolidated leverage ratio[251] - As of April 30, 2025, the company had approximately $9.9 billion of Senior Notes outstanding, which have fixed annual interest rates, thus avoiding economic interest rate exposure[259] - The financial covenant requires the company to maintain a maximum consolidated leverage ratio, and it was in compliance as of April 30, 2025[253] - Interest under the Revolving Credit Agreement will accrue at a floating rate based on the Adjusted Term SOFR Rate or the ABR, with margins based on credit ratings ranging from 0.080% to 0.175%[252] Other Financial Metrics - Contracted but unsatisfied performance obligations (backlog) as of April 30, 2025, were $8.1 billion, with approximately 42% expected to be recognized as revenue over the next 12 months[196] - Interest expense for the three months ended April 30, 2025, was $(94.3) million, a significant increase of 1,228% compared to $(7.1) million in 2024[219] - The effective tax rate decreased due to a capital loss on the sale of ownership in OpenLight in the first quarter of 2025[226] - As of April 30, 2025, $194.3 million remained available for future stock repurchases under the stock repurchase program, which has been suspended in connection with the Ansys Merger[231] - The company had a $14.1 million outstanding balance under a 12-year credit agreement in China as of April 30, 2025[254] - The company has a deferred payment agreement with an outstanding balance of $122.5 million related to the 2025 Rate Lock agreements as of April 30, 2025[256] - The company’s exposure to market risk had not changed materially since November 2, 2024[258]

Financial Performance - Revenue for Q2 FY 2025 was $1.604 billion, a 10.2% increase from $1.455 billion in Q2 FY 2024[2] - GAAP net income for Q2 FY 2025 was $349.2 million, or $2.24 per diluted share, compared to $299.1 million, or $1.92 per diluted share in Q2 FY 2024[6] - Non-GAAP net income for Q2 FY 2025 was $572.7 million, or $3.67 per diluted share, up from $466.9 million, or $3.00 per diluted share in Q2 FY 2024[7] - The company reported a net income of $345,110,000 for the three months ended April 30, 2025, compared to $289,089,000 for the same period in 2024, marking a year-over-year increase of 19.4%[35] - Net income for the six months ended April 30, 2025, was $642.5 million, a decrease of 12.6% compared to $735.3 million for the same period in 2024[40] Revenue Guidance - The company reaffirmed its full-year 2025 revenue guidance, projecting revenue between $6.745 billion and $6.805 billion[12] - For Q3 FY 2025, revenue is expected to range from $1.755 billion to $1.785 billion[12] Operating Performance - Non-GAAP operating margin guidance for FY 2025 remains unchanged, reflecting confidence in business demand[5] - Operating income for the six months ended April 30, 2025, was $628,265,000, a decrease from $684,698,000 in the same period of 2024[35] - Revenue from the Design Automation segment for the six months ended April 30, 2025, was $2.14 billion, representing a 5.0% increase from $2.04 billion in the same period of 2024[46] - Adjusted operating income for the Design IP segment was $277.1 million for the six months ended April 30, 2025, down 25.2% from $370.5 million in the prior year[46] - The adjusted operating margin for the Design Automation segment improved to 40.3% from 38.1% year-over-year[46] Cash and Assets - Cash and cash equivalents increased significantly to $14,119,095,000 as of April 30, 2025, compared to $3,896,532,000 on October 31, 2024[38] - Total current assets rose to $16,879,029,000 as of April 30, 2025, up from $6,469,666,000 on October 31, 2024[38] - Cash, cash equivalents, and restricted cash at the end of the period totaled $14.12 billion, significantly up from $1.51 billion at the end of the previous year[42] Expenses and Liabilities - Research and development expenses for the three months ended April 30, 2025, were $553,979,000, compared to $493,136,000 in the same period of 2024, reflecting an increase of 12.3%[35] - Total liabilities as of April 30, 2025, were $13,840,912,000, significantly higher than $4,050,355,000 on October 31, 2024[38] - Cash flows from operating activities provided $207.9 million, down 46.5% from $388.8 million in the prior year[42] Strategic Focus - The company continues to focus on AI and software-defined systems as key growth drivers in a complex design environment[3] - The company anticipates the completion of the acquisition of ANSYS, Inc., which is expected to impact future financial results positively[31] - Synopsys delivers comprehensive silicon to systems design solutions, partnering with semiconductor and systems customers to enhance R&D capabilities[63] Tax and Non-GAAP Measures - The effective tax rate for Q2 FY 2025 was 11.9% on a GAAP basis, while the non-GAAP effective tax rate was 16.0%[24] - The company adopts a non-GAAP tax rate of 16% for fiscal year 2025 to provide consistency across reporting periods and align with expected geographic earnings mix[61] - The company continues to focus on non-GAAP financial measures to provide a clearer view of its core business operations and future performance expectations[50] Acquisitions and Divestitures - The company completed the sale of its Software Integrity business on September 30, 2024, which is now classified as a discontinued operation[5] - The company incurs significant expenses related to acquisitions and divestitures, including compensation expenses and professional fees, which are excluded from core operations for consistent comparison across periods[57] - Restructuring charges include severance and termination benefits, aimed at aligning costs with business strategies, and are not considered part of core operations[59] - Gains and losses from the sale of strategic investments in privately held companies are excluded as they do not reflect core business results[60] Financing Activities - Proceeds from debt issuance amounted to $10.03 billion, indicating significant financing activity during the period[42]

Financial Performance - Sales for the second quarter of fiscal 2025 were $683 million, a 5% increase compared to $651 million in the prior year[1]. - Net income for the second quarter was $112 million, or $1.97 per diluted share, down from $118 million, or $2.05 per diluted share in the prior year[2]. - Adjusted earnings per diluted share increased by 3% to $2.42 from $2.34 in the prior year[2]. - EBITDA for the second quarter was $217 million, representing 32% of sales, up 7% from $203 million, or 31% of sales in the prior year[3]. - Total sales for the six months ended April 30, 2025, were $1,298,358 million, a slight increase of 1.1% compared to $1,283,835 million for the same period in 2024[24]. - Net income for the three months ended April 30, 2025, was $112,404 million, down from $118,217 million in the same period last year[26]. - Diluted earnings per share for the three months ended April 30, 2025, was $1.97, compared to $2.05 for the same period in 2024[30]. - The company reported total operating profit of $168,750 million for the three months ended April 30, 2025, slightly up from $168,616 million year-over-year[30]. - Adjusted net income for the six months ended April 30, 2025, was $256,423 million, compared to $262,458 million in the same period last year[30]. - Year-to-date net income is $207,056,000, an increase from $94,652,000 in the previous year, showing a significant growth of approximately 118.1%[32]. Segment Performance - Industrial Precision Solutions sales decreased by 8% to $319 million, while Medical and Fluid Solutions sales increased by 20% to $203 million[5][6]. - Advanced Technology Solutions sales increased by 18% organically, driven by demand in semiconductor and electronics markets[7]. - The Industrial Precision Solutions segment reported sales of $619,295 million, down 7.6% from $682,720 million[28]. - Medical and Fluid Solutions segment sales increased by 20.7% to $396,418 million from $328,492 million[28]. Cash Flow and Investments - Year-to-date net cash provided by operating activities is $278,292,000, compared to $294,964,000 in the same period last year, reflecting a decrease of approximately 5.7%[32]. - Year-to-date free cash flow is $240,853,000, down from $273,057,000 year-over-year, indicating a decline of about 11.8%[32]. - Free cash flow conversion for the year-to-date is 116%, compared to 146% in the same period last year, indicating a decrease of 30%[32]. - Additions to property, plant, and equipment year-to-date total $37,439,000, up from $21,907,000 in the previous year, representing an increase of approximately 70.7%[32]. Future Outlook - The company expects third quarter fiscal 2025 sales to be in the range of $710 to $750 million, with adjusted earnings forecasted between $2.55 and $2.75 per diluted share[9]. - Backlog grew approximately 5% during the quarter, indicating strong order entry trends[8]. - The Atrion acquisition continues to perform above expectations, contributing positively to the company's results[4]. - The company repurchased $85 million in shares during the quarter, maintaining a sound balance sheet[4]. Geographic Performance - Sales in the Americas decreased by 13.4% to $560,300 million from $568,440 million year-over-year[24]. - The Asia Pacific region saw a sales increase of 10.7%, reaching $397,799 million compared to $354,015 million in the previous year[24].

Revenue Performance - Revenue for the first quarter of fiscal year 2026 was $44.1 billion, representing a 69% increase year-over-year and a 12% increase sequentially [118]. - Data Center revenue reached $39.1 billion, up 73% year-over-year and 10% sequentially, driven by demand for accelerated computing platforms [121]. - Gaming revenue increased by 42% year-over-year and 48% sequentially, supported by sales of the Blackwell architecture [122]. - Automotive revenue grew by 72% year-over-year, driven by sales of self-driving platforms, but decreased by 1% sequentially [123]. - Compute & Networking revenue increased by 29% year-over-year to $22,054 million, driven by demand for accelerated computing platforms for AI applications [130]. - Data Center compute revenue was $34.2 billion, up 76% year-over-year and 5% sequentially, while networking revenue was $5.0 billion, up 56% year-over-year and 64% sequentially [121]. - Data Center computing revenue grew 76% year-over-year, while Data Center networking revenue increased by 56% year-over-year, attributed to the Blackwell computing platform and NVLink compute fabric [130]. - Revenue from customers outside the United States accounted for 53% of total revenue, up from 48% in the previous year [138]. - The company estimates that two indirect customers contributed to 10% or more of total revenue, primarily through system integrators and distributors [136]. Financial Charges and Expenses - The company incurred a $4.5 billion charge in the first quarter of fiscal year 2026 due to new export licensing requirements for H20 products, impacting current and future revenue [108]. - Gross margin decreased to 60.5%, down from 78.4% a year ago, primarily due to the $4.5 billion charge related to H20 excess inventory [118]. - Operating expenses increased by 44% year-over-year to $5.0 billion, driven by higher compensation and development costs for new product introductions [124]. - Research and development expenses increased by 47% to $3,989 million, driven by a 34% rise in compensation and benefits and a 182% increase in engineering development costs [142]. - Total operating income rose to $21,638 million, a 28% increase from the previous year, despite a $4.5 billion charge related to excess inventory [132]. - Income tax expense was $3.1 billion, with an effective tax rate of 14.3%, reflecting a lower tax benefit from stock-based compensation [147]. Strategic Initiatives - The company plans to increase U.S.-based manufacturing to strengthen its supply chain and meet growing demand for AI infrastructure [115]. - The company is evaluating options to supply Data Center compute products compliant with U.S. government export control rules, which may hinder its ability to compete in the China market [109]. Liquidity and Share Repurchase - Cash and cash equivalents totaled $15,234 million, with marketable securities at $38,457 million, resulting in total liquidity of $53,691 million as of April 27, 2025 [150]. - The company repurchased 126 million shares for $14.5 billion during the first quarter of fiscal year 2026, with an authorization to repurchase up to $24.3 billion [156]. Regulatory and Risk Factors - No material changes in contractual obligations since the Annual Report for the fiscal year ended January 26, 2025 [163]. - No material impact from global sustainability regulations or climate-related business trends on operational results [164]. - No adoption of new accounting pronouncements reported [165]. - No material changes in investment and interest rate risks since January 26, 2025 [166]. - No material changes in foreign exchange rate risks since January 26, 2025 [167].

Exhibit 99.1 NEWS RELEASE Contact: Kyle Beeson Director, Communications Phone (610) 251-1000 kbeeson@triumphgroup.com Thomas A. Quigley, III Vice President, Investor Relations, Mergers & Acquisitions and Treasurer Phone (610) 251-1000 tquigley@triumphgroup.com TRIUMPH REPORTS STRONG FOURTH QUARTER FISCAL 2025 RESULTS RADNOR, Pa. – May 28, 2025 – Triumph Group, Inc. (NYSE: TGI) ("TRIUMPH" or the "Company") today reported financial results for its fourth quarter and fiscal 2025, which ended March 31, 2025. Fo ...

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 March 31, 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: 001-42621 GBANK FINANCIAL HOLDINGS INC. (Exact Name of Registrant as Specified in its Charter) Nevada 82-3869786 ( State or other jur ...