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 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Exzeo Group, Inc. (Exact Name of Registrant as Specified in its Charter) Florida 85-2578837 (State or other jurisdiction of incorporation or organization ...

Financial Performance - Revenue for Q2 FY 2026 was approximately $17.1 million, a 24% increase compared to $15.8 million in Q2 FY 2025[3] - Operating income for Q2 FY 2026 was $1.7 million, down from $2.6 million in Q2 FY 2025[3] - Net income for Q2 FY 2026 was $1.8 million or $0.18 per diluted share, compared to $2.7 million or $0.28 per diluted share in Q2 FY 2025[3] - Cash provided by operating activities for the first six months of FY 2026 was approximately $0.6 million, down from $2.4 million in the same period of FY 2025[3] - The company reported a gross margin of $6.5 million for Q2 FY 2026, compared to $7.6 million in Q2 FY 2025[14] Backlog and Contracts - The backlog as of October 31, 2025, was approximately $82 million, up from $70 million at April 30, 2025[3] - The company anticipates multiple large contract awards in the coming months, contributing to growth in core technologies[5] Growth Opportunities - The company is pursuing growth opportunities in quantum sensing and alternative position, navigation, and timing solutions, expected to expand markets over the next 3 to 5 years[5] - The second annual Quantum Sensing Summit is rescheduled for January 14-15, 2026, to discuss emerging technologies and strategies[6] Assets - Total assets as of October 31, 2025, were approximately $92.3 million, a decrease from $93.7 million at April 30, 2025[16]

Financial Performance - Consolidated net sales for Q1 fiscal 2026 were $111.0 million, a decrease of 4.1% from $115.8 million in Q1 fiscal 2025[214][225]. - Gross margin improved to 33.1% in Q1 fiscal 2026, up from 12.5% in Q1 fiscal 2025, reflecting cost reduction actions and improved product mix[214]. - GAAP net loss attributable to common stockholders was $19.8 million, with a GAAP EPS net loss of $0.67 and Non-GAAP EPS net loss of $0.18[214]. - New bookings totaled $101.9 million, resulting in a book-to-bill ratio of 0.92x for the quarter[214]. - Backlog as of October 31, 2025, was $663.0 million, down from $811.0 million a year earlier[214]. - Gross profit for the three months ended October 31, 2025, was $36.8 million, an increase of $22.3 million or 153.3% compared to $14.5 million in the same period of 2024, with gross profit as a percentage of consolidated net sales rising from 12.5% to 33.1%[230]. - The operating loss for the three months ended October 31, 2025, was $2.8 million, significantly improved from an operating loss of $129.2 million in the prior year period[249]. - For the three months ended October 31, 2025, the consolidated net loss attributable to common stockholders was $19.8 million, a significant improvement from a net loss of $155.9 million in the prior year period[263]. Segment Performance - The Satellite and Space Communications segment net sales were $55.1 million, a decrease of 6.5% from $58.9 million in Q1 fiscal 2025[226]. - The Allerium segment net sales were $55.9 million, a decrease of 1.8% from $56.9 million in Q1 fiscal 2025[227]. - The Satellite and Space Communications segment reported an operating loss of $11.4 million for the three months ended October 31, 2025, compared to an operating loss of $118.8 million in the same period of 2024[249]. - The Allerium segment achieved an operating income of $5.4 million for the three months ended October 31, 2025, compared to $5.3 million in 2024[249]. - The Satellite and Space Communications segment reported an operating income of $3.2 million for the three months ended October 31, 2025, compared to an operating loss of $118.8 million in the same period last year[265]. Cash Flow and Liquidity - Cash flows from operating activities were $8.1 million, marking the third consecutive quarter of positive operating cash flows[215]. - Cash and cash equivalents increased to $43.6 million as of October 31, 2025, up from $40.0 million on July 31, 2025[273]. - Net cash provided by operating activities was $8.1 million for the three months ended October 31, 2025, compared to a net cash used of $21.8 million in the prior year period, reflecting a significant improvement[273]. - Net cash used in investing activities was $3.3 million for the three months ended October 31, 2025, primarily for capital expenditures in the Allerium segment[276]. - Total outstanding borrowings under the Credit Facility were $135.0 million as of October 31, 2025, with $17.6 million drawn on the Revolver Loan[282]. - Available sources of liquidity totaled $51.0 million as of October 31, 2025, including cash and cash equivalents of $41.4 million[282]. Costs and Expenses - Consolidated selling, general and administrative expenses decreased to $29.9 million for the three months ended October 31, 2025, down from $51.6 million in 2024, representing 27.0% of consolidated net sales compared to 44.6% in the prior year[235]. - Research and development expenses increased slightly to $3.8 million for the three months ended October 31, 2025, from $3.7 million in 2024, representing 3.4% of consolidated net sales compared to 3.2%[240]. - The company incurred $2.4 million in restructuring costs during the three months ended October 31, 2025, compared to $6.5 million in the same period of 2024[237]. - Unallocated expenses decreased to $9.0 million in the recent period from $9.5 million in the prior year, primarily due to lower overall expenditures for selling, general, and administrative expenses[254]. Strategic Outlook - The company anticipates long-term growth in end markets due to increasing demand for global voice, video, and data usage, as well as the growth of emergency communication networks[193]. - The company is exploring strategic alternatives for its businesses, which may impact future results of operations[228]. - The company plans to continue focusing on research and development, despite higher expenses in this area, to drive future growth and innovation[266]. - The company expects recurring annualized cost savings of approximately $3.0 million from migrating production capabilities to Chandler, Arizona[217]. - The company may raise additional funds through equity and debt financing to provide flexibility or pursue acquisitions[280]. Risks and Challenges - The company faces risks related to the integration of acquired businesses and the successful implementation of strategic activities, which may not yield expected benefits[192]. - The company’s contracts with the U.S. government can be terminated for convenience at any time, leading to unpredictable funding and deployment[195]. - Significant fluctuations in sales and operating results are expected due to factors such as short-term or long-term contracts and changes in estimated fair value of derivative instruments[195]. - The company provides warranty coverage for most products for at least one year from the date of shipment, with liabilities recorded based on historical claims and product failure rates[203].

Revenue Performance - Net revenue increased by 7% to $2.6 billion, with comparable sales rising by 1% or 2% on a constant dollar basis[98] - Net revenue for the third quarter of 2025 was $1,733,382, a decrease of 2.1% compared to $1,770,382 in 2024, primarily due to a 5% decrease in comparable sales[120] - Year-to-date net revenue for the first three quarters of 2025 was $7,461,799, a 7% increase from $6,976,629 in 2024, with significant contributions from China Mainland and Rest of World[130] - Total net revenue increased by 7% in the third quarter of 2025 compared to the same period in 2024, with a notable 46% increase in the China Mainland market[158] - Net revenue in the Americas segment increased by $32,078 to $5,166,157, a growth of 0.6% year-over-year[137] - In China Mainland, net revenue surged by $290,048 to $1,226,361, representing a 31.0% increase compared to $936,313 in 2024[140] - The Rest of World segment reported a net revenue increase of $163,044, reaching $1,069,281, an 18.0% growth year-over-year[142] Profitability and Expenses - Income from operations decreased by 11% to $435.9 million, resulting in an operating margin decline of 350 basis points to 17.0%[108] - Gross profit increased by 2% to $1.4 billion, but gross margin decreased by 290 basis points to 55.6%[98] - Selling, general and administrative expenses rose by 8.6% to $988.3 million, accounting for 38.5% of net revenue[113] - Net income for the third quarter of 2025 was $306,835, a decrease of 12.8% from $351,870 in 2024, primarily due to increased selling, general and administrative expenses[129] - Gross profit in the Americas segment decreased to $981,861, down 10.2% from $1,092,921 in the previous year, attributed to lower product margins and higher occupancy costs[120] - Selling, general and administrative expenses rose to $2,882,783, reflecting an increase of $258,571 or 9.9% from $2,624,212 in 2024[132] - Other income decreased by 57.4% to $5,854, primarily due to lower interest income from decreased cash balances and interest rates[127] Market Performance - Americas comparable sales decreased by 5%, while China Mainland comparable sales increased by 24% or 25% on a constant dollar basis[98] - The increase in net revenue was primarily driven by growth in China Mainland and Rest of World, partially offset by a decline in the Americas[112] - Comparable sales in China Mainland increased by 16%, driven by higher e-commerce traffic[140] - Comparable sales in the Americas decreased by 5% in the third quarter of 2025, while China Mainland saw a 24% increase[158] Tax and Corporate Expenses - The effective tax rate increased to 30.5% in 2025 from 30.2% in 2024, primarily due to adjustments upon the filing of income tax returns[128] - The effective tax rate increased to 30.4%, up 60 basis points from 29.8% in 2024[146] - Corporate expenses decreased by $4.1 million to $339.6 million, mainly due to lower employee costs and decreased incentive compensation[126] - Corporate expenses rose to $1.0 billion, an increase of $61.5 million compared to the previous year, primarily due to higher technology and marketing costs[144] Cash Flow and Liquidity - Cash provided by operating activities was $459.6 million in the first three quarters of 2025, a decrease of $411.7 million compared to $871.3 million in 2024[162] - As of November 2, 2025, the company's cash and cash equivalents totaled $1.035 billion, with working capital excluding cash at $1.046 billion[167] - The company believes its liquidity resources will be adequate to meet capital expenditure requirements for at least the next 12 months[166] - As of November 2, 2025, the company held cash and cash equivalents of $1.0 billion[184] - The committed revolving credit facility provides available borrowings up to $600.0 million, with no outstanding borrowings other than letters of credit and guarantees of $7.0 million as of November 2, 2025[183] Inventory and Operations - The inventory balance increased by 11% to $2.0 billion as of November 2, 2025, compared to October 27, 2024[169] - The company operated 796 stores globally as of November 2, 2025, an increase from 767 stores in February 2025[174] - The company repurchased 3.5 million shares at a total cost of $906.6 million in the first three quarters of 2025, down from 4.2 million shares costing $1.3 billion in the same period of 2024[165] Economic Factors - Increased tariffs and the removal of the de minimis exemption are expected to reduce income from operations by approximately $210 million for 2025[105] - Foreign currency fluctuations negatively impacted net revenue growth by $15.4 million compared to the first three quarters of 2024[109] - The company experienced a $15.4 million decrease in revenue due to fluctuations in foreign currency exchange rates in the first three quarters of 2025 compared to the same period in 2024[177] - Inflationary pressures, including higher product, transportation, labor, and raw material costs, may adversely affect operating results if not offset through pricing or efficiencies[186]

Exhibit 99.1 LULULEMON ATHLETICA INC. ANNOUNCES THIRD QUARTER FISCAL 2025 RESULTS BOARD OF DIRECTORS AUTHORIZES $1.0 BILLION INCREASE IN ITS STOCK REPURCHASE PROGRAM Revenue increased 7% to $2.6 billion Comparable sales increased 1%, or 2% on a constant dollar basis Diluted EPS of $2.59 Vancouver, British Columbia – December 11, 2025 – lululemon athletica inc. (NASDAQ:LULU) today announced financial results for the third quarter of fiscal 2025, which ended on November 2, 2025. Calvin McDonald, Chief Executi ...

Table of Contents FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 For the quarterly period ended November 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: 001-35992 Oracle Corporation (Exact name of registrant as specified in its charter) (State or o ...

Evommune Reports Third Quarter 2025 Financial Results and Provides Business Update - Three Phase 2 data readouts from lead programs, EVO756 and EVO301, expected in 2026 across atopic dermatitis (AD) and chronic spontaneous urticaria (CSU) - Well capitalized to deliver on key milestones following completion of initial public offering (IPO), raising $172.5 million in gross proceeds, including the full exercise of the underwriters' option to purchase additional shares Palo Alto, Calif., December 11, 2025 – Evo ...

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 October 31, 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. 001-40101 BRIACELL THERAPEUTICS CORP. (Exact name of registrant as specified in its charter) British Columbia, Canada 47-1099599 (State ...

Mitek Reports Record Fiscal 2025 Revenue SAN DIEGO, Calif. - December 11, 2025 - Mitek Systems, Inc. (NASDAQ: MITK, www.miteksystems.com, "Mitek" or the "Company"), a global leader in digital identity verification and fraud prevention, today reported financial results for its fourth quarter ended September 30, 2025 and provided guidance for its 2026 full year ending September 30, 2026 ("fiscal 2026"). "Mitek delivered a strong finish to fiscal 2025, returning to full-year organic growth, driven by an accele ...

Financial Performance - Total revenue for the twelve months ended September 30, 2025, was $179.7 million, an increase of 4% compared to $172.1 million for the same period in 2024[200] - Net income for the twelve months ended September 30, 2025, was $8.8 million, or $0.19 per diluted share, compared to $3.3 million, or $0.07 per diluted share, for the same period in 2024[200] - Cash provided by operating activities was $55.3 million for the twelve months ended September 30, 2025, compared to $31.7 million for the same period in 2024[200] - The company reported net income of $8.8 million for fiscal 2025, compared to $3.3 million in fiscal 2024[214] Revenue Breakdown - SaaS, maintenance, and other revenue increased by $15.4 million, or 17%, to $105.6 million in 2025, driven by strong growth in products like Mobile Verify® and HooYu[201] - Software license and hardware revenue decreased by $7.8 million, or 10%, to $74.1 million in 2025, primarily due to lower multi-year term license renewals[201] Cash and Investments - As of September 30, 2025, the company had $196.5 million in cash and cash equivalents, an increase of $54.7 million, or 39%, compared to $141.8 million on September 30, 2024[212] - Net cash provided by operating activities during fiscal 2025 was $55.3 million, up $23.7 million from $31.7 million in fiscal 2024, primarily due to an increase in net income[214] - Net cash provided by investing activities was $5.8 million in fiscal 2025, a decrease from $28.7 million in fiscal 2024, primarily due to a decrease in net maturities of investments[216][217] - The company's investment portfolio, as of September 30, 2025, had a fair market value of $42.3 million, representing 9% of total assets[253] Expenses and Cost Management - General and administrative expenses decreased by $8.7 million, or 16%, to $44.3 million in 2025, mainly due to lower audit and professional fees[205] Debt and Financing - The company issued $155.3 million in 0.75% Convertible Senior Notes due 2026, with net proceeds of approximately $149.7 million[220][221] - The Amended Credit Agreement allows the company to borrow up to $25.0 million, with an additional $15.0 million at the bank's discretion, secured by the company's assets[226][228] - As of September 30, 2025, the company's net leverage ratio was 1.06 to 1.00, in compliance with the covenant of the Amended Credit Agreement[233] - The company has outstanding loans with Spanish government agencies totaling $4.3 million as of September 30, 2025, with interest rates ranging from 0% to 3.72%[235] - The company incurred issuance costs of $0.2 million related to the Amended Credit Agreement, recorded as other income (expense), net[229] - The company authorized a share repurchase program for up to $50 million, effective from May 16, 2024, to May 16, 2026[236] - As of September 30, 2025, the company had repurchased approximately $29.0 million worth of shares, retiring a total of 2,774,676 shares[237] - During the period from October 1, 2025, to December 10, 2025, the company purchased an additional $7.8 million worth of shares, totaling 865,842 shares at an average price of $9.01 per share[238] Operational Highlights - Mitek serves over 7,000 organizations globally, including financial institutions and fintech companies, enhancing operational efficiency and user experience[186] - The company added new patents, bringing the total to 110 issued patents and 25 outstanding patent applications as of September 30, 2025[200] - Mitek continues to invest in R&D across fraud, data, AI, and identity science to adapt to emerging threats in the digital landscape[191] - The acquisition of HooYu Ltd. in 2022 expanded Mitek's offerings in fraud, risk management, and compliance[188] Working Capital and Assets - The company reported working capital of $39.5 million as of September 30, 2025, a decrease from $142.9 million as of September 30, 2024, primarily due to the reclassification of $152.2 million in 2026 Notes to current liabilities[242] - As of September 30, 2025, the company had $42.3 million in available-for-sale debt securities, with $38.9 million classified as current and $3.5 million as long-term[241] Economic Environment - The company does not believe inflation has materially affected its financial condition or results of operations in the last three fiscal years[256] - The company has operations in the UK, France, the Netherlands, and Spain, which are exposed to foreign currency exchange rate fluctuations[255] Lease and Rent - The average annual base rent for the company's principal executive office in San Diego is approximately $0.3 million[239] - The company received tenant improvement allowances totaling approximately $0.1 million related to its San Diego lease[239]