Financial Performance - Third quarter net income attributable to Curbline was $9.3 million, or $0.09 per diluted share, compared to a net loss of $15.4 million, or $0.15 per diluted share, in the year-ago period[14] - Operating funds from operations attributable to Curbline ("Operating FFO") was $29.5 million, or $0.28 per diluted share, compared to $19.5 million, or $0.19 per diluted share, in the year-ago period[14] - Rental income for Q3 2025 was $48,466,000, a 63.8% increase from $29,576,000 in Q3 2024[31] - Net operating income for Q3 2025 reached $36,007,000, up 57.2% compared to $22,910,000 in Q3 2024[38] - Funds from operations (FFO) attributable to Curbline for Q3 2025 was $29,096,000, compared to a loss of $4,302,000 in Q3 2024[34] - The company reported a net income attributable to Curbline of $9,346,000 in Q3 2025, recovering from a loss of $15,410,000 in Q3 2024[34] - The total Curbline NOI for Q3 2025 was $36,007 thousand, a significant increase of 57.2% compared to Q3 2024[53] - The quarterly Same-Property Net Operating Income (NOI) for Q3 2025 was $20,129 thousand, reflecting a 2.6% increase compared to Q3 2024[53] - The total annual Same-Property NOI for the first nine months of 2025 was $60,749 thousand, a 3.7% increase from $58,558 thousand in the same period of 2024[53] Acquisitions and Investments - Acquired 37 convenience shopping centers for an aggregate price of $336.1 million during the third quarter[14] - Acquired two convenience shopping centers during the fourth quarter to date for an aggregate price of $29.0 million, bringing year-to-date acquisitions to 69 convenience shopping centers for an aggregate price of $644.1 million[15] - The company has identified potential acquisition targets to further enhance its market position and diversify its portfolio[1] - Curbline Properties Corp. is actively pursuing new acquisitions to enhance its portfolio, targeting properties with an ABR above $40.00 per square foot[73] Leasing and Occupancy - Reported a leased rate of 96.7% at September 30, 2025, compared to 96.1% at June 30, 2025, and 95.4% at September 30, 2024[21] - Generated cash new leasing spreads of 20.2% and cash renewal leasing spreads of 9.1% for the trailing twelve-month period ended September 30, 2025[21] - The Same Property leased rate improved to 97.1% in Q3 2025, up from 96.2% in Q3 2024[53] - In Q3 2025, new leases totaled 16 with a Gross Leasable Area (GLA) of 49,186 square feet at an Average Base Rent (ABR) of $38.60, representing a 26.9% increase[57] - Renewal leases in Q3 2025 amounted to 33, covering 86,417 square feet with an ABR of $34.88, reflecting a 10.3% increase[62] - The total number of new and renewal leases in Q3 2025 was 49, with a combined GLA of 153,101 square feet and an ABR of $36.23, indicating a 16.2% increase[62] Financial Guidance and Projections - Updated guidance for net income attributable to Curbline for 2025 to be from $0.35 to $0.38 per diluted share and Operating FFO to be from $1.04 to $1.05 per diluted share[17] - Future guidance suggests a projected revenue growth of 15% for the next quarter, driven by new product launches and market expansion strategies[1] - Future guidance for Q3 2025 anticipates revenue growth of 20% to 25% based on current market trends[8] - Future guidance indicates an expected increase in FFO (Funds from Operations) by 10% year-over-year, driven by strategic leasing and property management initiatives[76] Operational Efficiency and Sustainability - The company is investing in technology to enhance customer experience, with a focus on digital platforms and mobile applications[1] - Operational efficiency improvements are anticipated to reduce costs by approximately 10% over the next fiscal year[1] - The company is committed to sustainability initiatives, aiming for a 20% reduction in carbon footprint by 2026[1] - The company is committed to sustainability initiatives, aiming for a 30% reduction in carbon footprint by 2026[1] - Curbline Properties Corp. is committed to sustainability, with plans to implement green building practices in new developments, targeting a 20% reduction in energy consumption[73] Market Presence and Growth - The company plans to expand its market presence with new properties in various states, including Arizona and Texas[1] - The company is focusing on expanding its presence in high-demand markets, particularly in Texas and California, where several properties have shown significant rental growth[72] - The company has identified potential markets for expansion, including the Southeast and Mid-Atlantic regions, where demand for retail space is projected to grow by 5% annually[72] Financial Metrics and Ratios - Total assets increased to $2,445,290,000 in Q3 2025 from $2,033,098,000 in Q4 2024, reflecting a growth of 20.3%[36] - Total liabilities rose to $521,771,000 in Q3 2025 from $90,541,000 in Q4 2024, indicating increased leverage[36] - The total equity market capitalization decreased from $2,439,122 thousand as of December 31, 2024, to $2,346,408 thousand as of September 30, 2025[44] - Curbline Properties Corp. reported a total debt of $400,000 thousand, with a net debt of $(30,112) thousand as of September 30, 2025[44] - The company has a significant number of leases expiring in 2026, representing 10.0% of total SF and 9.6% of ABR[62] - The company’s fixed charge ratio was 18.6X for the period, significantly above the covenant requirement of 1.5X[45] - Curbline Properties Corp. has a consolidated outstanding indebtedness ratio of 15% as of September 30, 2025, well below the covenant limit of 60%[45] Definitions and Clarifications - FFO is defined as net income attributable to Curbline, adjusted to exclude gains and losses from real estate dispositions, impairment charges, and certain non-cash items[78] - Operating FFO is calculated by excluding non-comparable charges and gains/losses, providing a clearer view of the core operating performance of the real estate portfolio[79] - The Company uses FFO and Operating FFO to improve understanding of operating results, measure asset performance, and influence acquisition and capital investment strategies[80] - NOI is calculated as property revenues minus property-related expenses, excluding depreciation and amortization, providing insight into financial condition and operational results[84] - SPNOI is defined as property revenues minus property-related expenses for assets owned during both comparable periods, excluding non-cash and non-comparable items[85] - Management recognizes the limitations of FFO and Operating FFO compared to GAAP net income, as they do not represent cash generated from operating activities[83] - The Company does not include projections of gains and losses from real estate dispositions in estimating future FFO and Operating FFO[82] - FFO and Operating FFO are used as additional indicators of operating performance alongside GAAP net income and cash flows[81] - The Company believes that comparing FFO and Operating FFO with reported net income provides a better understanding of its performance[83]

Financial Performance - Reported revenues for Q3 2025 were $116.7 million, representing a 52% year-over-year increase[8] - Exome and genome test revenue reached $98.9 million, a 65% increase year-over-year, with test volume growing to 25,702, up 33% year-over-year[7] - Total revenue for Q3 2025 was $116.743 million, up 52.0% from $76.874 million in Q3 2024[27] - Diagnostic test revenue for Q3 2025 reached $113.523 million, a 46.5% increase from $77.418 million in Q3 2024[27] - Adjusted net income for Q3 2025 was $14.7 million, compared to $2.0 million in Q3 2024, while GAAP net loss was $7.6 million[9] - The net loss for Q3 2025 was $7.635 million, a slight improvement from a net loss of $8.312 million in Q3 2024[27] - Basic and diluted loss per share for Q3 2025 was $0.27, compared to $0.31 in Q3 2024[27] - Net loss for the nine months ended September 30, 2025, was $3.355 million, a significant improvement from a net loss of $57.724 million in the same period of 2024[29] Margins and Expenses - Adjusted gross margin expanded to 74%, up from 64% in Q3 2024, while GAAP gross margin was 72%[5] - Gross profit for Q3 2025 was $84.527 million, resulting in a gross margin of 72.4%, compared to a gross margin of 62.2% in Q3 2024[27] - Research and development expenses increased to $19.829 million in Q3 2025, up from $11.665 million in Q3 2024, reflecting a 70.0% increase[27] - Stock-based compensation expense rose significantly to $22.382 million from $6.293 million in the prior year[29] - The company reported a depreciation and amortization expense of $18.343 million, up from $16.395 million in the previous year[29] Cash and Assets - Cash position as of September 30, 2025, was $156.1 million, with $8.8 million in free cash flow generated during Q3 2025[12] - Total current assets as of September 30, 2025, were $237.583 million, an increase from $197.968 million as of December 31, 2024[25] - Total assets increased to $493.902 million as of September 30, 2025, compared to $419.380 million as of December 31, 2024[25] - Cash, cash equivalents, and restricted cash at the end of the period totaled $96.958 million, up from $58.881 million at the end of the previous year[29] - Net cash provided by operating activities was $36.369 million, compared to a net cash used of $25.313 million in the prior year[29] Liabilities and Equity - Total liabilities as of September 30, 2025, were $201.644 million, up from $174.133 million as of December 31, 2024[25] - Stockholders' equity increased to $292.258 million as of September 30, 2025, compared to $245.247 million as of December 31, 2024[25] Business Developments - GeneDx is the sole commercial testing provider for new genomic newborn screening programs, including the NIH BEACONS initiative[7] - FDA granted Breakthrough Device Designation for GeneDx ExomeDx™ and GenomeDx™ tests, enhancing the company's leadership in genomic medicine[14] - Introduced GeneDx Infinity, the largest rare disease dataset, which supports the ExomeDx™ and GenomeDx™ tests[13] - Expanded coverage of whole genome sequencing with California Medicaid, increasing access to testing in the most populous state[13] Guidance and Future Outlook - Full year 2025 revenue guidance raised to between $425 million and $428 million, with expected growth in exome and genome revenue between 53% to 55%[11] - The company incurred $33.195 million for the acquisition of a business, net of cash acquired[29] - Proceeds from offerings, net of issuance costs, amounted to $25.568 million, an increase from $14.589 million in the prior year[29] - Cash paid for interest was $4.835 million, slightly down from $5.035 million in the previous year[29] - Cash paid for taxes increased to $1.039 million from $910,000 in the prior year[29] - The company experienced a change in accounts receivable of $(22.799) million, compared to $(5.850) million in the previous year[29]

Financial Performance - NXP reported quarterly revenue of $3.17 billion, down 2% year-on-year, but up 8% from the previous quarter[3][4]. - NXP Semiconductors reported Q3 2025 revenue of $3.173 billion, a 8.4% increase from $2.926 billion in Q2 2025 but a decrease of 2.4% from $3.250 billion in Q3 2024[22]. - Non-GAAP diluted net income per share for Q3 2025 was $3.11, down 10% year-on-year[3][4]. - Net income attributable to stockholders for Q3 2025 was $631 million, compared to $445 million in Q2 2025 and $718 million in Q3 2024, with diluted earnings per share of $2.48[22]. - NXP's diluted GAAP net income per share was $2.48, down from $2.79 in the same quarter of the previous year, representing a decrease of 11.1%[26]. - NXP Semiconductors reported a net income of $646 million for the three months ended September 28, 2025, compared to $729 million for the same period in 2024, reflecting a decrease of 11.4%[24]. Margins and Profitability - GAAP gross margin was 56.3%, while non-GAAP gross margin was 57.0%[3][4]. - Gross profit for Q3 2025 was $1.787 billion, up from $1.562 billion in Q2 2025 but down from $1.866 billion in Q3 2024, resulting in a gross margin of 56.2%[22]. - The company's GAAP gross profit for the same period was $1,787 million, with a GAAP gross margin of 56.3%, compared to $1,866 million and 57.4% in the prior year[25]. - Non-GAAP gross profit increased to $1,810 million, with a non-GAAP gross margin of 57.0%, compared to $1,892 million and 58.2% in the same quarter last year[25]. - The adjusted EBITDA (Non-GAAP) for the latest quarter was $1,232 million, up from $1,103 million in the previous quarter, representing an increase of about 11.7%[30]. - The trailing twelve-month adjusted EBITDA (Non-GAAP) was $4,648 million, a decrease from $5,235 million year-over-year, reflecting a decline of approximately 11.2%[30]. Cash Flow and Investments - Cash flow from operations was $585 million, resulting in non-GAAP free cash flow of $509 million, with capital return of $310 million[3][4]. - Operating cash flow for the quarter was $585 million, down from $779 million in the previous quarter, indicating a decline of 25%[24]. - Non-GAAP free cash flow for the three months ended September 28, 2025, was $509 million, a decrease from $593 million in the same quarter of 2024, indicating a decline of approximately 14.2%[31]. - The trailing twelve-month non-GAAP free cash flow was $1,924 million, down from $2,759 million year-over-year, which is a decrease of about 30.3%[31]. - The trailing twelve-month non-GAAP free cash flow as a percentage of revenue was 16% for the latest quarter, compared to 21% in the same period last year[31]. - The company incurred $76 million in net capital expenditures on property, plant, and equipment for the latest quarter, down from $186 million in the same quarter of 2024[31]. Assets and Liabilities - Total current assets increased to $8.509 billion as of September 28, 2025, up from $7.686 billion in Q2 2025 and $7.026 billion in Q3 2024[23]. - Cash and cash equivalents rose to $3.454 billion, compared to $3.170 billion in Q2 2025 and $2.748 billion in Q3 2024[23]. - Total liabilities increased to $15.927 billion as of September 28, 2025, up from $15.314 billion in Q2 2025 and $13.925 billion in Q3 2024[23]. Strategic Moves - NXP announced the sale of its MEMS sensors business line for up to $950 million, expected to close in the first half of 2026[3][4]. - The company closed the acquisition of Aviva Links for $243 million, enhancing its automotive networking solutions[3][4]. - The company has received all regulatory approvals for the acquisition of Kinara, focusing on high-performance neural processing units[3][4]. Future Outlook - Guidance for Q4 2025 projects total revenue between $3.2 billion and $3.4 billion, reflecting a year-on-year growth of 3% to 9%[8][10]. - NXP's forward-looking statements highlight potential risks including market demand fluctuations and global trade disputes, which could impact future performance[19]. - The company is focused on developing innovative solutions in automotive, industrial & IoT, mobile, and communications infrastructure markets[18]. - NXP plans to host a conference call on October 28, 2025, to discuss Q3 2025 results in detail[17]. Operational Metrics - NXP's cash conversion cycle increased to 134 days, compared to 119 days in Q3 2024[5][4]. - Financial expenses increased to $98 million in the latest quarter from $82 million in the same quarter of 2024, marking a rise of about 19.5%[30]. - The provision for income taxes was $148 million for the latest quarter, compared to $173 million in the same quarter of 2024, indicating a decrease of approximately 14.5%[30]. - Share-based compensation remained relatively stable at $118 million for the latest quarter, compared to $115 million in the same quarter of 2024[30].

Revenue Performance - Current quarter total revenues reached $5.8 billion, a 10.8% increase compared to $5.2 billion in the prior-year quarter[6]. - Total revenues for Q3 2025 reached $5,782.7 million, an increase of 10.8% compared to $5,221.4 million in Q3 2024[31]. - Total revenues for the nine months ended September 30, 2025, increased by 18.1% to $16,991.5 million from $14,388.3 million in 2024[40]. - Total revenues for the nine months ended September 30, 2025, increased to $12,376.9 million, a 7.3% increase from $11,538.0 million in 2024[45]. - Total revenues reached $4,614.6 million, marking a 61.9% increase from $2,850.2 million[49]. - Total revenues reached $5,409.0 million, a 6.3% increase from $5,088.3 million[51]. - Total revenues for the nine months ended September 30 were $14,996.2 million, up 6.4% from $14,093.7 million[53]. - Total revenues reached $12,059.0 million, reflecting a 6.8% increase compared to $11,290.2 million in 2024[58]. - Total revenues for the nine months ended September 30, 2025, increased by $133.6 million, or 4.8%, to $2,937.2 million compared to $2,803.6 million in 2024[62]. Earnings and Profitability - Current quarter adjusted diluted earnings per share from continuing operations was $10.45, a 5.6% increase from $9.90 in the prior-year quarter[6]. - Net income from continuing operations for the current quarter was $13.1 million, down from $117.1 million in the prior-year quarter, primarily due to $123.9 million in impairment charges related to the U.K. operations[6][10]. - Net income for Q3 2025 decreased to $13.0 million, down 88.9% from $117.3 million in Q3 2024[31]. - Diluted earnings per share fell to $1.00, a decrease of 88.5% from $8.69 in the prior year[31]. - Net income for the nine months was $281.6 million, a decrease of 30.2% from $403.3 million in the previous year[33]. - Net income available to diluted common shares was $12.8 million, reflecting a significant increase from $120.7 million in the previous period[66]. - Net income from continuing operations available to diluted common shares was $13.0 million, a decrease of 0.2 million compared to the previous period[65]. - Net income from continuing operations available to diluted common shares was $277.5 million, with diluted earnings per share from continuing operations at $21.50, a decrease of 0.49%[69]. Gross Profit and Margins - Total gross profit for the current quarter was $919.7 million, a 7.9% increase compared to the prior-year quarter[7]. - Gross profit for Q3 2025 was $919.7 million, reflecting a 7.9% increase from $852.7 million in Q3 2024[31]. - The company reported a gross profit of $2,747.4 million for the nine months, up 16.3% from $2,361.8 million in 2024[33]. - Total gross profit for the nine months was $2,118.7 million, reflecting a 6.7% increase from $1,985.0 million[45]. - Gross margin for total revenues slightly decreased to 17.1% from 17.2% in the previous year[45]. - Total gross margin remained stable at 16.4% compared to the previous year[53]. - Total gross margin slightly decreased to 17.1% from 17.2% in 2024[58]. Vehicle Sales Performance - New vehicle retail sales increased by 9.3% to $2,807.4 million, up from $2,567.6 million in the same period last year[31]. - Used vehicle retail sales rose by 11.8% to $1,852.1 million, compared to $1,656.5 million in Q3 2024[31]. - Retail new vehicle units sold increased by 3,494 units, or 6.5%, totaling 57,269 units for the three months ended September 30, 2025[37]. - Retail new vehicles sold reached 169,131 units, a 16.1% increase compared to 145,738 units in 2024[40]. - Retail used vehicles sold increased by 2.2% to 39,636 units, while retail new vehicles sold rose by 4.7% to 41,582 units[43]. - Retail new vehicles sold totaled 53,683 units, an increase of 2.8% from 52,245 units[51]. - Retail new vehicles sold totaled 147,646 units, a 3.8% increase from 142,278 units sold in the previous year[53]. - Retail new vehicle sales increased to $6,113.0 million, a 7.3% rise from $5,695.1 million in 2024[58]. SG&A Expenses - SG&A expenses increased by 22.6% to $1,918.2 million, with SG&A as a percentage of gross profit rising to 69.8%[40]. - SG&A expenses rose by 11.3% to $1,400.2 million, compared to $1,257.9 million in the previous year[45]. - SG&A expenses totaled $654.9 million, representing 71.2% of gross profit, compared to 70.1% in the previous year[65]. - SG&A expenses for the nine months ended September 30, 2025, totaled $1,918.2 million, reflecting a decrease of 1.2% compared to the previous period[69]. - SG&A expenses for the three months ended September 30, 2025, were $173.7 million, representing an increase from $146.1 million in the same period of 2024, reflecting a year-over-year growth of 18.9%[75]. - Same Store SG&A expenses for the three months ended September 30, 2025, were $143.4 million, unchanged from the previous year, maintaining a consistent percentage of 85.1% of gross profit[75]. - Same Store SG&A expenses were $610.1 million, with a percentage of gross profit at 70.4%, slightly up from 69.2%[65]. Market Challenges - The U.K. market remains challenging, with persistent inflation and margin pressure impacting operations[8]. - Year-to-date, the company has recognized $20.3 million in restructuring charges in the U.K. as part of its portfolio optimization efforts[11].

Financial Performance - Third quarter 2025 EPS was $5.74, with Adjusted EPS at $5.75, exceeding guidance due to higher demand and lower costs[1] - Full year 2025 Adjusted EPS guidance raised to $15.58 to $15.63, reflecting a 32% year-over-year growth[1] - Total revenues for Q3 2025 reached $5.1 billion, with Net Income of $1.6 billion, compared to $1.1 billion in Q3 2024[4][6] - Net income attributable to Royal Caribbean Cruises Ltd. for the quarter was $1.575 billion, compared to $1.111 billion in Q3 2024, representing a 41.8% increase[54] - Operating income for the nine months ended September 30, 2025, was $3.977 billion, compared to $3.482 billion for the same period in 2024, reflecting a 14.2% increase[54] - The company reported a total of $4.842 billion in net cash provided by operating activities for the nine months ended September 30, 2025, compared to $3.798 billion in 2024[61] - Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. for Q3 2025 was $1,577 million, compared to $1,435 million in Q3 2024, representing an increase of 9.9%[75] - For the nine months ended September 30, 2025, Adjusted Net Income was $3,523 million, compared to $2,794 million for the same period in 2024, an increase of 26.1%[75] Revenue and Yield Metrics - Total revenues for the quarter ended September 30, 2025, increased to $5.139 billion, up 5.2% from $4.886 billion in the same quarter of 2024[54] - Passenger ticket revenues rose to $3.637 billion, a 4.8% increase compared to $3.471 billion in Q3 2024[54] - Gross Margin Yields increased by 3.8% and Net Yields rose by 2.8% in Q3 2025[3] - Net Yields, representing Adjusted Gross Margin per APCD, are utilized to manage pricing performance by reflecting cruise revenues net of significant variable costs[40] - Adjusted Gross Margin for the nine months ended September 30, 2025, was $11,077 million, up from $10,240 million in 2024, indicating an increase of 8.2%[67] - Gross Margin Yields for the quarter ended September 30, 2025, were $162.39, compared to $156.52 in 2024, representing a year-over-year increase of 3.7%[67] Capacity and Operations - Load factor for Q3 2025 was 112%, with a 7% increase in guests served, totaling 2.5 million[7] - The company carried 2,466,039 passengers in Q3 2025, an increase of 6.7% from 2,310,220 passengers in Q3 2024[57] - The occupancy rate for the quarter was 112.1%, up from 111.0% in the same quarter last year[57] - Passenger Cruise Days (PCD) for the nine months ended September 30, 2025, totaled 39,299,263, compared to 37,836,007 in 2024, reflecting a growth of 3.9%[71] Future Outlook and Guidance - Fourth quarter 2025 Adjusted EPS is expected to be in the range of $2.74 to $2.79[13] - The company targets a 20% compound annual growth rate in Adjusted EPS by 2027 under its Perfecta Program, aiming for a ROIC of 17% or higher[42] - Forward-looking statements include expectations for revenues and costs for 2025 and beyond, highlighting potential risks and uncertainties affecting performance[46] Capital and Liquidity - As of September 30, 2025, the company's liquidity position was $6.8 billion, including cash and credit facilities[21] - Capital expenditures for 2025 are projected at approximately $5 billion, primarily for new ship orders and land-based initiatives[25] - Cash and cash equivalents at the end of the period were $432 million, up from $388 million at the beginning of the period[61] - Total assets increased to $40.109 billion as of September 30, 2025, compared to $37.070 billion as of December 31, 2024[59] - The current portion of long-term debt increased to $3.074 billion as of September 30, 2025, from $1.603 billion at the end of 2024[59] Cost Management - Gross Cruise Costs include total cruise operating expenses plus marketing, selling, and administrative expenses, impacting overall profitability[37] - Net Cruise Costs Excluding Fuel for the quarter ended September 30, 2025, were $1,695 million, compared to $1,573 million in 2024, reflecting an increase of 7.8%[71] - Total cruise operating expenses for the quarter ended September 30, 2025, were $2,479 million, up from $2,391 million in 2024, an increase of 3.7%[71] Shareholder Actions - The company repurchased approximately 1.3 million shares in Q3 2025, with $345 million remaining for future repurchases[22] - The weighted-average shares outstanding for diluted EPS increased from 264 million in Q3 2024 to 274 million in Q3 2025[75] Non-GAAP Measures - Adjusted EBITDA Margin is a key non-GAAP measure, calculated as Adjusted EBITDA divided by total revenues[31] - Adjusted EBITDA for the nine months ended September 30, 2025, reached $5,545 million, compared to $4,874 million in 2024, marking an increase of 13.7%[73] - The Adjusted EBITDA Margin for the quarter ended September 30, 2025, was 44.6%, compared to 44.0% in 2024, showing a slight improvement[73] Special Items and Adjustments - Adjusted Net Income attributable to Royal Caribbean Cruises Ltd. excludes specific items such as debt extinguishment losses and restructuring charges, providing a clearer performance assessment[32] - The company incurred a loss on extinguishment of debt of $323 million in Q3 2024, which was not present in Q3 2025[75] - Restructuring charges and other initiative expenses were $1 million in Q3 2025, down from $2 million in Q3 2024[75] - The company included $10 million of inducement expense related to convertible notes in Q3 2025, compared to $119 million in Q3 2024[75] - The company reported a gain on the sale of noncontrolling interest of $11 million for the nine months ended September 30, 2025, compared to no gain in the same period of 2024[75] Industry Context - The company’s financial results reflect ongoing recovery and growth in the cruise industry, with significant improvements in both net income and earnings per share metrics[75]

Table of Contents 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 Commission File Number 001-33139 HERC HOLDINGS INC. (Exact name of registrant as specified in its ...

Revenue and Income - Equipment rental revenue for Q3 2025 was $1,122 million, a 30% increase year-over-year[6] - Total revenues for Q3 2025 reached $1,304 million, up 35% from $965 million in the prior-year period[7] - Net income for Q3 2025 was $30 million, or $0.90 per diluted share, while adjusted net income was $74 million, or $2.22 per diluted share[6] - Equipment rental revenue for Q3 2025 was $1,122 million, up 29.5% from $866 million in Q3 2024[28] - Total revenues for the nine months ended September 30, 2025, reached $3,167 million, a 21.0% increase compared to $2,617 million for the same period in 2024[28] - Adjusted net income for Q3 2025 was $74 million, compared to $124 million in Q3 2024, reflecting a decrease of 40.3%[39] - Adjusted earnings per diluted share for Q3 2025 was $2.22, down from $4.35 in Q3 2024, representing a decline of 48.9%[39] EBITDA and Margins - Adjusted EBITDA for Q3 2025 was $551 million, reflecting a 24% increase with an adjusted EBITDA margin of 42%[6] - Adjusted EBITDA for Q3 2025 was $551 million, representing an adjusted EBITDA margin of 42.3%, compared to 46.2% in Q3 2024[36] Assets and Liabilities - As of September 30, 2025, the total fleet value was approximately $9.6 billion, with an average fleet size increase of 38% year-over-year[16] - Total assets increased to $13,927 million as of September 30, 2025, compared to $7,877 million at the end of 2024, reflecting significant growth[30] - Long-term debt rose to $8,164 million as of September 30, 2025, up from $4,069 million at the end of 2024[30] - Net debt as of September 30, 2025, was $8.2 billion, with a net leverage ratio of 3.8x[16] Cash Flow and Expenditures - Cash flows from operating activities for the nine months ended September 30, 2025, were $770 million, down from $894 million in the same period of 2024[32] - Free cash flow for the nine months ended September 30, 2025, was $133 million, a decrease of 38.9% from $218 million in the same period of 2024[46] - Total rental equipment expenditures for the nine months ended September 30, 2025, were $835 million, compared to $753 million in 2024, an increase of 10.9%[46] - Rental equipment expenditures for the nine months ended September 30, 2025, totaled $835 million, compared to $753 million in the same period of 2024[32] - The company reported a depreciation of rental equipment of $613 million for the nine months ended September 30, 2025, compared to $499 million in the same period of 2024[32] Operational Developments - The company completed the full IT integration of H&E Equipment Services, enhancing operational efficiencies[4] - The company opened 17 greenfield locations during the nine months ended September 30, 2025[16] - The company reaffirmed its 2025 full-year guidance for equipment rental revenue between $3.7 billion and $3.9 billion[19] Transaction Costs and Acquisitions - The company incurred transaction expenses of $185 million for the nine months ended September 30, 2025, compared to $9 million in the same period of 2024[28] - The company reported transaction-related costs of $38 million in Q3 2025, significantly higher than $3 million in Q3 2024[39] - The company incurred a loss of $4,256 million related to acquisitions, net of cash acquired, for the nine months ended September 30, 2025[46] - The impact of the fair value mark-up of acquired fleet contributed $7 million to adjusted net income in Q3 2025[39] Shareholder Returns - The company declared a quarterly dividend of $0.70 per share, paid on September 5, 2025[16] - The diluted shares outstanding increased to 33.3 million in Q3 2025 from 28.5 million in Q3 2024[39] Taxation - The tax impact of adjustments for Q3 2025 was a reduction of $13 million, reflecting a tax rate of 25.0%[42]

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 No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

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 No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...

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 No. 001-38387 HYCROFT MINING HOLDING CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of in ...