UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED December 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 001-03701 AVISTA CORPORATION (Exact name of Registrant as specified in its charter) WA 91-0462470 (State or other jurisdiction of incorpo ...

Financial Performance - Avista Corp. reported a net income of $193 million, or $2.38 per diluted share for 2025, an increase from $180 million, or $2.29 per diluted share in 2024[1]. - Non-GAAP utility earnings for 2025 were $207 million, or $2.55 per diluted share, compared to $187 million, or $2.38 per diluted share in 2024[1]. - The company initiated 2026 non-GAAP utility earnings guidance with a range of $2.52 to $2.72 per diluted share, reflecting a decrease of $0.12 per diluted share due to a large industrial customer's early exit from procuring power[3]. - Electric utility margin increased by $20 million in Q4 2025 and $88 million for the year, driven by general rate cases and customer growth[7]. - Natural gas utility margin rose by $4 million in Q4 2025 and $18 million for the year, primarily due to general rate cases[7]. - The effective tax rate for 2025 was 11%, compared to 2% in the prior year, primarily due to a decrease in tax customer credits[14]. - The company expects non-GAAP utility earnings to grow 4 to 6 percent from the midpoint of its 2025 consolidated earnings guidance over the long term[17]. Capital Expenditures and Liquidity - Avista Utilities' capital expenditures for 2025 were $553 million, with expected base capital expenditures of $585 million in 2026[13]. - As of December 31, 2025, the company had $110 million of available liquidity under its committed line of credit[11]. Customer Base and Service Area - Avista Corp. provides electric service to approximately 429,000 customers and natural gas to 386,000 customers across a service territory of 34,000 square miles[24]. - The population served by Avista Corp. is approximately 1.5 million, indicating a significant customer base for energy services[24]. - Avista's subsidiary AERC provides retail electric service to 18,000 customers in Juneau, Alaska, expanding the company's reach[24]. Risks and Compliance - The company faces various risks, including utility regulatory risk, operational risk, and climate change risk, which could significantly impact operations and financial performance[25][26][29]. - Avista Corp. is subject to financial risks related to obtaining financing, interest rate changes, and volatility in energy commodity markets, which could affect cash flows and operational costs[34][35]. - The company emphasizes the importance of compliance with environmental laws and regulations, which could impact operational costs and service delivery[33][36]. - Avista Corp. is actively monitoring cybersecurity risks that could disrupt operations and lead to financial liabilities[30]. - The company is aware of strategic risks, including competition from alternative energy sources and changes in customer demand due to energy efficiency measures[32]. - Avista Corp. is committed to addressing external mandates related to climate change and environmental regulations, which may affect future operations and capital projects[33]. Future Outlook - The company plans to discuss future financial performance and operational strategies in an upcoming conference call scheduled for February 25, 2026[23].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 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: 001-34511 ______________________________________ FORTINET, INC. (Exact name of registrant as specified in its charter) ______ ...

Financial Performance - Fourth quarter revenue increased 17% to $382.2 million, and full year revenue grew 14% to $1,424.3 million compared to $1,251.0 million in the previous year[3] - Net income for the fourth quarter was $11.7 million, compared to a loss of $7.1 million in the prior year, and full year net income was $9.7 million versus a loss of $57.4 million[3] - Adjusted EBITDA for the fourth quarter was $48.8 million, a 49% increase, and for the full year, it grew 32% to $157.7 million[3] - Total revenue for 2025 reached $1,424,285, an increase of 13.8% from $1,250,970 in 2024[19] - Net income for 2025 was $9,663, compared to a net loss of $57,443 in 2024, marking a significant turnaround[19] - Adjusted EBITDA increased to $157,671,000 in 2025, up from $119,742,000 in 2024 and $59,042,000 in 2023, reflecting a strong operational performance[24] Operational Metrics - The clinician base expanded by 9% to 8,040 clinicians, with a net increase of 44 in the fourth quarter and 657 for the full year[3] - Fourth quarter visit volumes rose 18% to 2.4 million, while full year visit volumes increased 14% to 9.0 million[3] - Center Margin for the fourth quarter was $126.3 million, representing 33.0% of total revenue, and for the full year, it was $461.1 million, or 32.4% of total revenue[9] - Center margin for 2025 was $461,099, an increase of 14.6% from $402,399 in 2024[22] Cash Flow and Assets - The company generated $57.6 million in net cash from operations in the fourth quarter and $146.2 million for the full year[4] - Cash and cash equivalents increased to $248,642 in 2025, up 60.8% from $154,571 in 2024[21] - Total assets grew to $2,203,933 in 2025, compared to $2,118,298 in 2024, reflecting a 4.0% increase[17] - Net cash provided by operating activities was $146,151 in 2025, a significant improvement from $107,260 in 2024[21] Debt and Liabilities - Long-term debt decreased to $265,927 in 2025 from $279,790 in 2024, a reduction of 4.9%[17] - Total current liabilities rose to $251,962 in 2025, compared to $228,886 in 2024, indicating a 10.1% increase[17] Shareholder Returns and Future Projections - The Board of Directors approved a $100 million share repurchase program to return capital to shareholders while maintaining a healthy balance sheet[2] - LifeStance expects full year 2026 revenue to be between $1.615 billion and $1.655 billion, with Adjusted EBITDA projected between $185 million and $205 million[10] - The company anticipates first quarter 2026 revenue to be between $380 million and $400 million, with Center Margin expected to be between $118 million and $132 million[10] Cost Management and Investments - Operating expenses totaled $1,400,137 in 2025, up from $1,282,583 in 2024, primarily driven by center costs and general administrative expenses[19] - Interest expense decreased to $11,662,000 in 2025 from $26,535,000 in 2024, indicating improved financial management[24] - Stock-based compensation expense was $74,701,000 in 2025, slightly down from $76,172,000 in 2024, showing a focus on cost control[24] - Litigation costs for 2025 were $1,153,000, a decrease from $1,591,000 in 2024, suggesting a reduction in legal challenges[24] - The company incurred $1,626,000 in amortization of cloud-based software implementation costs in 2025, reflecting ongoing investments in technology[24] - Real estate optimization and restructuring charges were $(134,000) in 2025, indicating a positive shift in asset management compared to $(309,000) in 2024[24] - The company is undergoing a multi-phase system upgrade as part of strategic initiatives, which includes significant investments in enterprise-wide systems[24] - The company continues to evaluate and adopt critical systems for human resources management and clinician credentialing, indicating a focus on operational efficiency[24]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 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 001-39533 Corsair Gaming, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...

Operational Risks - Approximately 19% of the company's production comes from properties it does not operate, limiting its control over operations and future developments [180]. - The company may experience production shut-ins due to adverse weather conditions, which could lead to increased costs and reduced future production [188]. - Deepwater exploration and development carry significantly higher operational and financial risks compared to shallower waters, requiring advanced technology and specialized rigs [193]. - The company faces significant cybersecurity threats that could disrupt operations and lead to financial losses, including unauthorized access to sensitive information and potential regulatory fines [178]. - A prolonged government shutdown could disrupt offshore operations and delay regulatory approvals, potentially increasing project timelines and costs, and decreasing production [226]. Financial Risks - The company relies on a limited number of customers, with Shell Trading (US) Company, Exxon Mobil Corporation, and Chevron Corporation representing 35%, 23%, and 12% of its oil, natural gas, and NGL revenues for the year ended December 31, 2025, respectively [199]. - The company may face challenges in obtaining financing on acceptable terms due to substantial capital requirements for operations and production replacement [241]. - A financial crisis or disruption in credit markets could limit access to funding and adversely impact business operations [238]. - The company may need to raise additional debt or equity or sell assets if cash flow or borrowing capacity declines, which could adversely affect business and financial condition [243]. - The company's debt level and related covenants may restrict operations and financial flexibility, requiring substantial cash flow for interest and principal payments [231]. Regulatory and Compliance Risks - Compliance with stringent environmental laws and regulations could increase costs and limit operations, with potential liabilities for pollution and other environmental impacts [183]. - Future regulatory changes could restrict or delay oil and natural gas exploration and production activities, potentially having a material adverse effect on the company's financial condition [184]. - The company is subject to evolving regulatory and environmental requirements in Mexico that could increase costs and compliance risks [205]. - The Hydrocarbons Sector Law adopted in March 2025 may impose new requirements that could increase operating costs for offshore operations in Mexico [93]. - The Clean Air Act (CAA) may result in stricter permitting requirements and increased costs for pollution control equipment due to evolving regulations [109]. Environmental Risks - Future legislation aimed at reducing greenhouse gas emissions may require new emissions-control equipment, increasing operational costs [215]. - Climate change litigation risks are increasing, with potential lawsuits alleging that oil and gas companies contribute to global warming and related damages [111]. - The Oil Pollution Act (OPA) imposes a damages liability cap of $167.8 million for oil spills, but this cap does not apply in cases of gross negligence or willful misconduct [99]. - The Endangered Species Act (ESA) may impose restrictions on operations in areas where endangered species are present, potentially affecting access to oil and gas development sites [104]. - The company faces risks from severe climatic events that could physically damage assets and disrupt exploration and production operations [114]. Operational Performance and Strategy - The company uses hedging transactions to manage price volatility for oil, natural gas, and NGLs, which may limit potential gains and expose it to financial risks [181]. - The company may not realize expected benefits from future acquisitions, which could adversely affect operating results [221]. - The company maintains insurance against some operating risks, but may not be fully covered for all potential liabilities, which could severely impact its financial position [189]. - The company recorded an impairment of $454.5 million for the year ended December 31, 2025, which could adversely affect business and financial condition [225]. - Seismic data interpretation does not guarantee the presence of commercially viable hydrocarbons, which could lead to unsuccessful drilling [209]. Human Capital and Corporate Governance - The company employs approximately 700 employees, with 54% (around 400) in offshore operations [133]. - The executive leadership team oversees human capital management with support from the Board of Directors [129]. - The company has implemented a "Stop Work Authority" program to empower employees to halt work for safety concerns [134]. - The annual incentive plan (AIP) ties employee bonuses to various performance metrics, including financial and safety goals [136]. - The company maintains a Human Rights Policy that applies to all employees, contractors, and suppliers [126]. Community Engagement and Corporate Responsibility - The company supports community engagement through corporate philanthropic efforts and provides an annual allowance for charitable donations [138]. - The company offers comprehensive benefits, including retirement savings contributions and health and wellness initiatives [137]. - The company is committed to non-discriminatory practices in employment as outlined in its Code of Business Conduct [125]. - The company maintains general liability insurance with a limit of $500 million per occurrence and $250 million for named windstorms [80]. - Intense industry competition may limit growth opportunities and increase costs, as larger competitors may outbid the company for leases and acquisitions [198].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 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: 001-36904 (Address of principal executive offices, including zip code) Securities registered pursuant to Section 1 ...

Use these links to rapidly review the document Table of Contents Part I. Financial Information 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 January 31, 2026 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 1-4423 ____________________________ ...

Exhibit 99.1 Talos Energy Announces Fourth Quarter and Full-Year 2025 Results Houston, Texas, February 24, 2026 – Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced its operational and financial results for the three and twelve months ended December 31, 2025. Talos also announced its year-end 2025 reserves and 2026 operational and financial guidance. Fourth Quarter 2025 Highlights (1) Please see "Supplemental Non-GAAP Information" for details and reconciliations of GAAP to non-GAAP fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): February 24, 2026 Arcosa, Inc. | __________________________________________ | | --- | | (Exact name of registrant as specified in its charter) | | | | (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 500 N. Akard Street, Suite 400 Dall ...