Revenue Performance - Total revenues for Q4 2025 decreased 6.5% to $3.9 billion, primarily due to the divestiture of the Europe Surface Transportation business and lower pricing and volume in ocean services [8]. - Full year 2025 total revenues decreased 8.4% to $16.2 billion, driven by the divestiture of the Europe Surface Transportation business and lower pricing in ocean services [10]. - Total revenues for the fourth quarter of 2025 were $371.3 million, a decrease of 25.4% compared to $498.0 million in the fourth quarter of 2024 [13]. - For the three months ended December 31, 2025, total revenues decreased by 6.5% to $3.91 billion compared to $4.18 billion in the same period of 2024 [29]. - Total revenues for the three months ended December 31, 2025, were $3,912,634, a slight decrease from $4,184,656 in the same period of 2024, representing a year-over-year decline of approximately 6.5% [31]. Profitability Metrics - Adjusted gross profit margin for North American Surface Transportation (NAST) increased by 20 basis points to 14.6% despite a challenging macro environment [5]. - Adjusted income from operations for Q4 2025 increased 7.1% to $197.4 million, while income from operations decreased 1.3% to $181.4 million [5]. - Adjusted gross profits for Global Forwarding decreased 12.7% to $178.0 million, with ocean adjusted gross profits down 22.0% [12]. - Total adjusted gross profits for the fourth quarter were $657.0 million, a decrease of 4.0% from $684.6 million in the fourth quarter of 2024 [23]. - Adjusted income from operations for the twelve months ended December 31, 2025 was $833.7 million, reflecting an increase of 18.8% from $669.1 million in 2024 [29]. - Adjusted net income per share (diluted) for the twelve months ended December 31, 2025 was $5.09, up from $4.51 in 2024 [26]. - The adjusted operating margin for the consolidated results for the twelve months ended December 31, 2025 was 30.5%, compared to 27.5% in 2024 [27]. Cash Flow and Shareholder Returns - Cash generated by operations increased by $37.5 million to $305.4 million, and cash returned to shareholders increased 150.7% to $207.7 million [5]. - Cash generated from operations totaled $305.4 million in the fourth quarter, up from $267.9 million in the fourth quarter of 2024, reflecting a $37.5 million increase [16]. - Cash returned to shareholders in the fourth quarter amounted to $207.7 million, including $133.3 million in stock repurchases and $74.3 million in dividends [17]. - Net cash provided by operating activities for the twelve months ended December 31, 2025, was $914,519, compared to $509,084 in 2024, an increase of approximately 79.5% [35]. Income and Expenses - Net income for Q4 2025 totaled $136.3 million, down 8.7% from a year ago, with diluted EPS of $1.12 decreasing 8.2% [8]. - Income from operations for the three months ended December 31, 2025 was $181.4 million, a slight decrease of 1.3% from $183.8 million in 2024 [29]. - Total costs and expenses for the three months ended December 31, 2025 were $3.73 billion, down 6.7% from $4.00 billion in the same period of 2024 [29]. - The provision for income taxes for the twelve months ended December 31, 2025 increased by 19.3% to $135.4 million from $113.5 million in 2024 [29]. Tax and Capital Expenditures - The effective tax rate for the fourth quarter was 18.1%, up from 11.4% in the same quarter of 2024, influenced by non-recurring items and lower U.S. tax credits [15]. - The company expects a full-year effective tax rate for 2026 to be between 18% and 20% [15]. - Capital expenditures for the fourth quarter were $15.7 million, with expectations for 2026 capital expenditures between $75 million and $85 million [17]. Workforce and Assets - Average employee headcount decreased to 12,733 in 2025 from 14,386 in 2024, a reduction of approximately 11.5% [31]. - Total assets as of December 31, 2025, were $5,058,381, down from $5,297,926 in 2024, a decrease of about 4.5% [33]. - Long-term debt increased to $1,089,438 as of December 31, 2025, from $921,857 in 2024, representing an increase of about 18.2% [33]. - Cash and cash equivalents at the end of the period increased to $160,871 from $145,762 in 2024, a rise of approximately 10.5% [35]. Other Financial Metrics - Severance and other personnel expenses for the twelve months ended December 31, 2025 totaled $30.0 million, primarily related to workforce reductions [26]. - The company reported an adjusted gross profit of $2.73 billion for the twelve months ended December 31, 2025, compared to $2.77 billion in 2024 [27]. - The company reported a loss from operations of $10,658 for the twelve months ended December 31, 2025, compared to a profit of $669,141 in 2024 [31]. - The company made acquisitions net of cash acquired amounting to $11,864 during the twelve months ended December 31, 2025 [35].

Financial Performance - Full year reported revenue increased by 0.5% to $2,133.2 million, while comparable adjusted revenue increased by 1.1%[4] - Full year net income rose to $85.3 million, a 61.2% increase from $52.9 million in 2024[5] - Comparable adjusted EBITDA increased by 6.2% to $431.5 million for the full year[4] - Full year GAAP diluted EPS was $1.87, up 58.5% from $1.18 in 2024; comparable adjusted diluted EPS improved by 12.6% to $3.67[5] - Total revenue for the year ended December 31, 2025, was $2,133.2 million, slightly up from $2,121.8 million in 2024, indicating a 0.5% increase[23] - Adjusted EBITDA for the year ended December 31, 2025, rose to $431.5 million from $412.1 million in 2024, reflecting a 4.0% increase[28] - Net income for the year ended December 31, 2025, increased to $85.3 million from $52.9 million in 2024, representing a 61.5% growth[21] Cash Flow and Debt Management - Free cash flow increased by $75.3 million to $175.3 million in 2025[4] - Free cash flow for the year ended December 31, 2025, was $175.3 million, compared to $100.0 million in 2024, marking a 75.3% increase[21] - Net cash provided by operating activities increased to $270.6 million in 2025 from $194.3 million in 2024, reflecting a growth of 39.2%[38] - Total debt reduced by $73.7 million, while net debt decreased by $76.2 million[4] - The company reported a total debt of $1,429.4 million as of December 31, 2025, down from $1,503.1 million in 2024, a reduction of 4.9%[35] - Net debt decreased to $1,392.5 million in 2025 from $1,468.7 million in 2024, indicating a 5.2% decline[35] - Management emphasizes free cash flow as a key indicator for servicing debt and returning value to shareholders after necessary capital investments[37] - The company acknowledges that not all free cash flow is available for discretionary spending due to mandatory debt payments and other cash requirements[37] - Free cash flow provides insight into cash available for dividends, debt reduction, acquisitions, and share repurchases[37] Future Projections - The company expects 2026 revenue to increase by 0.5% and comparable adjusted revenue to rise by 1.1%[7] - For 2026, adjusted diluted EPS is projected to be between $3.90 and $4.30, with free cash flow expected to be approximately $200 million[14] Operational Focus - The comparable adjusted EBITDA margin for 2025 was 20.2%, up 90 basis points from the prior year[7] - The adjusted EBITDA margin for the year ended December 31, 2025, improved to 20.2% from 19.4% in 2024[28] - Merchant Services revenue for the year ended December 31, 2025, increased to $398.6 million, up from $384.0 million in 2024, a growth of 3.8%[23] - Data Solutions revenue for the year ended December 31, 2025, surged to $307.3 million from $234.0 million in 2024, representing a significant increase of 31.3%[23] - The company plans to continue focusing on operational efficiency and strategic decision-making to enhance performance and enterprise value[27] Dividend Declaration - The company declared a quarterly dividend of $0.30 per share, payable on February 23, 2026[10]

Table of Contents 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 December 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 Number 1-11689 Fair Isaac Corporation (Exact name of registrant as specified in its charter) Delaware 94-1499887 (State o ...

Financial Performance - For Q4 2025, First Financial Bancorp reported net income of $62.4 million, or $0.64 per diluted share, compared to $71.9 million, or $0.75 per diluted share in Q3 2025[3] - The company achieved record revenue of $251.3 million on an adjusted basis, with noninterest income reaching $77.3 million, also a record[5] - Net income for the three months ended December 31, 2025, was $62,393 thousand, a decrease from $71,923 thousand in the previous quarter[24] - Diluted net earnings per share decreased to $0.64 from $0.75 in the previous quarter[24] - Net income for the twelve months ended December 31 was $255,605, with a net earnings per share (diluted) of $2.66[26] - Net income for the year was $228,830, with the fourth quarter reporting $64,885[31] Asset and Deposit Growth - Total assets increased to $20,256,539 thousand from $18,566,188 thousand in the previous quarter, reflecting a growth of approximately 9.1%[24] - Total deposits rose to $15,958,657 thousand, up from $14,511,925 thousand in the previous quarter, indicating a growth of about 10.0%[24] - Total assets increased to $21,129,379 thousand, a 13.9% increase from the previous quarter and a 13.8% increase year-over-year[33] - Total deposits rose to $16,421,842 thousand, marking a 13.8% increase from the previous quarter and a 14.6% increase year-over-year[33] Loan Performance - Loan balances increased by 4% on an annualized basis during the quarter, with end-of-period loan balances rising by $1.7 billion, including $1.6 billion from the Westfield acquisition[6] - Net loans reached $13,237,583 thousand, reflecting a 14.6% increase from the previous quarter and a 14.1% increase year-over-year[33] - Commercial and industrial loans increased to $4,632,241 thousand, a 20.7% increase from the previous quarter and a 21.4% increase year-over-year[33] Interest Income and Margin - The net interest margin was reported at 3.98% on a fully tax-equivalent basis, reflecting a 4 basis point decrease from Q3 2025[6] - Total interest income for the twelve months ended December 31 was $1,001,904, reflecting a 5.5% increase compared to the previous year[26] - Total interest income for Q4 2025 reached $265,331,000, reflecting a 6.0% increase from the previous quarter[28] Credit Quality and Allowance for Credit Losses - The total allowance for credit losses (ACL) stood at $206.7 million, with an ACL to total loans ratio of 1.39%[9] - The allowance for credit losses increased to $186,487 thousand, a 15.2% increase from the previous quarter and an 18.9% increase year-over-year[33] - The ratio of nonaccrual loans to total loans was 0.76%, compared to 0.65% in the previous quarter, indicating a deterioration in credit quality[41] Shareholder Returns - The Board of Directors approved a quarterly dividend of $0.25 per common share, payable on March 16, 2026[7] - The company declared dividends of $0.25 per share[26] - Dividends declared per share for the year were $0.94, with the fourth quarter at $0.24[31] Employee Metrics - Full-time equivalent employees increased to 2,164 compared to 2,064 in the previous year[26] - Full-time equivalent employees increased to 2,164, up from 1,986 in the previous quarter[28] Capital Ratios and Equity - Common equity tier 1 ratio decreased to 11.32% from 12.91% in the previous quarter[24] - Total shareholders' equity grew to $2,769,216 thousand, a 5.2% increase from the previous quarter and a 13.6% increase year-over-year[33] - Total capital ratio improved to 15.46%, up from 15.32% in the previous quarter, reflecting an increase of 0.9%[43]

Revenue Growth - Total Annualized Recurring Revenue (ARR) increased to $1,084.9 million, representing a 22% growth compared to $889.6 million in 2024[131] - Subscription ARR rose to $940.9 million, reflecting a 28% increase from $734.2 million in 2024[133] - SaaS ARR reached $363.7 million, showing a 40% growth compared to $259.0 million in 2024[135] - Total revenues for the three months ended December 31, 2025, were $313.8 million, a 19% increase from $262.6 million in 2024[146] - Subscription revenues, including term-based licenses and SaaS, totaled $206.3 million, up 30% from $158.3 million in 2024[146] - Total revenues increased by $151.4 million, or 21% year over year, driven primarily by increases in term-based license revenue and SaaS revenue[160] - Term-based license revenue increased by $58.4 million, or 22% year over year, due to a 23% increase in larger transactions[160] - SaaS revenue increased by $85.9 million, or 56% year over year, reflecting higher SaaS bookings from new customer acquisitions and existing customer base expansion[160] Revenue Sources - Revenue from the Americas accounted for 57% of total revenues, while the International region contributed 43%[147] - Revenue generated through indirect distribution channels constituted approximately 90% of total revenues for the nine months ended December 31, 2025[126] - Partner A contributed approximately 32% of total revenues for the nine months ended December 31, 2025[127] Customer Metrics - SaaS Net Dollar Retention Rate (SaaS NRR) was 121% for 2025, down from 127% in 2024[137] - Customer support revenue increased to $80.3 million, a 4% rise from $77.1 million in 2024[146] - Customer support revenue increased by $8.5 million, or 4% year over year, driven by a $23.6 million increase related to term-based license arrangements[160] Expenses - Total cost of revenues increased by $33.8 million, representing 19% of total revenues for the nine months ended December 31, 2025[162] - Cost of SaaS revenue increased by $30.5 million, representing 36% of SaaS revenue for the nine months ended December 31, 2025[162] - Sales and marketing expenses increased by $23.2 million, or 20%, primarily due to higher employee compensation and marketing initiatives[154] - Sales and marketing expenses increased by $70.1 million, or 22%, primarily due to a $38.3 million rise in employee compensation and related expenses[165] - Research and development expenses increased by $2.2 million, or 6%, reflecting a focus on software applications and hosted services development[154] - Research and development expenses rose by $15.2 million, or 14%, driven by a $10.0 million increase in employee compensation, including $3.8 million in stock-based compensation[165] - General and administrative expenses increased by $22.5 million, or 22%, with $9.2 million attributed to professional services and $3.9 million to employee compensation[165] Income and Cash Flow - Interest income rose to $8.4 million for the three months ended December 31, 2025, compared to $1.6 million for the same period in 2024, due to cash investments in money market funds[155] - Interest income for the nine months ended December 31, 2025, was $13.5 million, up from $5.1 million in the same period of 2024, primarily due to investments in money market funds[167] - Income tax expense increased to $13.0 million for the nine months ended December 31, 2025, compared to $7.3 million in the prior year, driven by higher pre-tax income projections[168] - Net cash provided by operating activities was $112.5 million for the nine months ended December 31, 2025, compared to $130.4 million in 2024[174] Capital and Stock Activity - Cash and cash equivalents totaled $1,026.3 million as of December 31, 2025, with approximately $274.3 million held outside the United States[169] - Working capital increased by $748.4 million from $80.0 million as of March 31, 2025, to $828.4 million as of December 31, 2025[177] - The company completed a private offering of senior, unsecured convertible notes with an aggregate principal amount of $900.0 million, netting approximately $878.4 million after costs[170] - The company repurchased $186.8 million of its common stock during the nine months ended December 31, 2025, with $117.7 million paid from the net proceeds of the convertible notes[173]

Financial Performance - GAAP net income of $1.40 per average common share for Q4 2025, and $2.92 for the full year 2025[5] - Earnings available for distribution (EAD) of $0.74 per average common share for Q4 2025, and $2.92 for the full year 2025[5] - Economic return of 8.6% for Q4 2025 and 20.2% for the full year 2025[5] - For the quarter ended December 31, 2025, net interest income increased to $366,579 thousand from $275,750 thousand in the previous quarter, representing a growth of 32.9%[18] - For the year ended December 31, 2025, net interest income was $1,135,500 thousand, significantly up from $247,796 thousand in 2024, marking a year-over-year increase of 357.5%[19] - The company reported net income attributable to Annaly of $1,013,494 thousand for the quarter ended December 31, 2025, compared to $832,445 thousand in the previous quarter, an increase of 21.7%[18] - Basic net income per share available to common stockholders for the quarter ended December 31, 2025, was $1.40, up from $1.21 in the previous quarter, reflecting a 15.7% increase[18] - For the year ended December 31, 2025, comprehensive income attributable to common stockholders was $2,398,447 thousand, compared to $1,165,073 thousand in 2024, representing a growth of 105.5%[19] - GAAP net income for the year ended December 31, 2025, was $2,051,690, compared to $1,011,768 for the year ended December 31, 2024, representing a 102.9% increase[32] - Earnings available for distribution for the year ended December 31, 2025, totaled $2,024,863, up from $1,564,625 in 2024, reflecting a 29.4% growth[32] Portfolio and Assets - Total portfolio increased to $104.7 billion, with a 6% increase in the Agency portfolio, representing 62% of dedicated capital[5] - Annaly's Residential Credit portfolio increased by 16% to $8.0 billion, driven by record correspondent channel activity[5] - Total assets increased to $135.61 billion as of December 31, 2025, up from $125.86 billion at September 30, 2025, representing a growth of 7.0%[16] - Securities held rose to $91.29 billion, an increase of 7.5% from $85.06 billion in the previous quarter[16] - As of December 31, 2025, the total investment portfolio reached $132.05 billion, up from $122.10 billion as of September 30, 2025, and $98.19 billion as of December 31, 2024[22] Liabilities and Equity - Total liabilities increased to $119.45 billion, up from $110.86 billion, reflecting a rise of 7.1%[16] - Stockholders' equity grew to $16.09 billion, compared to $14.91 billion in the prior quarter, marking an increase of 8.0%[16] - Total GAAP debt increased to $116.19 billion as of December 31, 2025, up from $107.02 billion in the previous quarter and $89.61 billion a year ago[43] - Total equity increased to $16.16 billion as of December 31, 2025, compared to $14.99 billion in the previous quarter and $12.70 billion a year ago[43] Interest and Expenses - Average GAAP cost of interest-bearing liabilities decreased to 4.49%, down 24 basis points quarter-over-quarter[5] - The company reported a net interest margin of 1.18% for the quarter ended December 31, 2025, up from 0.97% in the previous quarter and 0.75% a year ago[20] - Economic interest expense for the quarter was $1.16 billion, an increase from $1.05 billion in the previous quarter and $879.29 million a year ago[52] - Total general and administrative expenses for the year ended December 31, 2025, were $199,629 thousand, up from $171,356 thousand in 2024, reflecting a 16.5% increase[19] Capital and Investments - Annaly raised $2.9 billion of accretive capital throughout 2025, including $2.6 billion of common equity[5] - The company closed eight securitizations totaling a record $4.6 billion during Q4 2025[5] - The company has made significant investments in mortgage servicing rights, which increased to $3.65 billion from $3.48 billion, a rise of 4.9%[16] - The company reported a net interest component of interest rate swaps totaling $716.5 million for the year ended December 31, 2025, compared to $1.2 billion in 2024[33] Market Presence and Future Plans - The company is focused on expanding its market presence and enhancing its product offerings, as indicated in its investor presentation[13] - The company plans to hold its fourth quarter 2025 earnings conference call on January 29, 2026, at 9:00 a.m. Eastern Time[13]

Exhibit 99.1 FICO Announces Earnings of $6.61 per Share for First Quarter Fiscal 2026 Revenue of $512 million vs. $440 million in prior year BOZEMAN, Mont.--(BUSINESS WIRE)--January 28, 2026--FICO (NYSE:FICO), a global analytics software leader, today announced results for its first fiscal quarter ended December 31, 2025. First Quarter Fiscal 2026 GAAP Results Net income for the quarter totaled $158.4 million, or $6.61 per share, versus $152.5 million, or $6.14 per share, in the prior year period. Net cash ...

Financial Performance - Fourth quarter total revenues reached $1.2 billion, with home sales revenues totaling $1.1 billion[6] - Fourth quarter net income was $36.0 million, or $1.21 per diluted share, while adjusted net income was $47.1 million, or $1.59 per diluted share[6] - Full year 2025 total revenues amounted to $4.1 billion, with home sales revenues of $3.9 billion[10] - Full year 2025 net income was $147.6 million, or $4.86 per diluted share, with adjusted net income of $181.7 million, or $5.99 per diluted share[10] - Adjusted net income for Q4 2025 was $47,101, compared to $113,596 in Q4 2024, a decrease of 58.6%[35] - Adjusted diluted earnings per share (EPS) for Q4 2025 was $1.59, down from $3.54 in Q4 2024, a decline of 55.1%[35] - The company reported a net income of $35,956 for Q4 2025, compared to $102,741 in Q4 2024, a decrease of 65.0%[35] - Net income for Q4 2025 was $35,956, a decline of 65.0% compared to $102,741 in Q4 2024[42] - EBITDA for Q4 2025 decreased by 52.6% to $75,884 from $160,174 in Q4 2024[42] - Adjusted EBITDA for Q4 2025 was $97,352, down 47.2% from $184,502 in Q4 2024[42] Home Sales and Deliveries - Total residential units delivered in the fourth quarter were 3,435, including 3,030 new homes[4] - The average sales price of new home deliveries for the fourth quarter was $366,700, while for the full year it was $378,000[6][10] - Total new home contracts for 2025 were 10,326, a decrease of 3.3% from 10,676 in 2024[27] - Average sales price for homes delivered in 2025 was $378.0 thousand, down 3.3% from $390.9 thousand in 2024[27] - The number of new home deliveries in Q4 2025 was 3,030, down 5.3% from 3,198 in Q4 2024[27] - Home sales revenues for Q4 2025 were $1,111,045, a decrease of 10.9% from $1,246,697 in Q4 2024[39] Inventory and Assets - Lot inventory decreased from 80,632 in 2024 to 60,916 in 2025, a decline of 24.5%[31] - Backlog of homes as of December 31, 2025, was valued at $283,725 thousand, a decrease of 19.2% from $351,162 thousand in 2024[30] - Total assets decreased from $4,532,472 in 2024 to $4,459,895 in 2025, a decline of 1.6%[25] - Total liabilities decreased from $1,911,616 in 2024 to $1,868,163 in 2025, a decline of 2.3%[25] Shareholder Returns and Equity - The company repurchased 333,881 shares of common stock for $20.0 million in the fourth quarter and 2,267,723 shares for $143.6 million over the full year, returning a record $178 million to stockholders[14] - As of December 31, 2025, the company had a book value per share of $89.21, a company record[13] - The company reported a total stockholders' equity of $2,591,732 in 2025, slightly down from $2,620,856 in 2024[47] Margins and Debt - Homebuilding gross margin for the fourth quarter was 15.4%, with an adjusted gross margin of 18.3%[8] - Adjusted homebuilding gross margin excluding inventory impairment for Q4 2025 was $182,415, representing 16.4%, down from 21.2% in Q4 2024[39] - The adjusted homebuilding gross margin excluding interest, inventory impairment, and purchase price for 2025 was $781,661, or 19.9%, compared to 23.3% in 2024[39] - Total homebuilding debt decreased to $1,063,607 in 2025 from $1,140,973 in 2024[47] - The ratio of net homebuilding debt to net capital improved to 25.9% in 2025 from 27.4% in 2024[47] - Inventory impairment increased by 59.0% in Q4 2025 to $10,865 compared to $6,835 in Q4 2024[42]

1 2025 Key Initiatives: Guidance and Outlook: 2 SOUTHWEST AIRLINES REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS; EXPECTS STRONG 2026 FINANCIAL PERFORMANCE FROM BUSINESS TRANSFORMATION 2025 net income $441 million / $0.79 EPS; adjusted net income $512 million / $0.93 adjusted EPS 2025 adjusted EBIT $574 million and above prior guidance of $500 million Guiding 2026 adjusted EPS of at least $4.00, up more than 300% over 2025 Ranked #1 in The Wall Street Journal Best U.S. Airlines of 2025 2026 guidance and ...

Financial Performance - Consolidated net sales for Q2 FY2026 were $149.9 million, down from $157.3 million in the prior year[3] - Adjusted operating income was $13.5 million, with an adjusted operating margin of 9.0%, down from 11.5% in the prior year[3] - Diluted EPS for the quarter was $0.46, with adjusted diluted EPS at $0.44, compared to $0.59 in the prior year[3] - Net sales for the three months ended December 31, 2025, were $149.916 million, a decrease of 4.7% compared to $157.260 million for the same period in 2024[21] - Operating income for the three months ended December 31, 2025, was $14.228 million, a decrease of 21.6% from $18.157 million in 2024[25] - Net income for the six months ended December 31, 2025, was $22.195 million, down 25.3% from $29.723 million in 2024[25] - Adjusted diluted EPS for the three months ended December 31, 2025, was $0.44, a decrease of 25.4% compared to $0.59 in 2024[25] - The company reported a GAAP operating margin of 9.5% for the three months ended December 31, 2025, compared to 11.5% in 2024[25] - Adjusted operating income for the three months ended December 31, 2025, was $13.468 million, a decline of 25.8% from $18.163 million in 2024[25] Cash and Investments - Total cash and investments at the end of the quarter were $179.3 million, with no outstanding debt[5][11] - Total current assets as of December 31, 2025, were $312.043 million, slightly up from $309.933 million as of June 30, 2025[22] - Total liabilities decreased to $236.683 million as of December 31, 2025, from $254.830 million as of June 30, 2025[22] - Shareholders' equity as of December 31, 2025, was $478.083 million, down from $482.269 million as of June 30, 2025[22] Sales and Orders - Written orders in the retail segment decreased by 17.9%, while wholesale segment written orders fell by 19.3%[3] - Customer deposits from undelivered written orders totaled $63.6 million, down from $75.1 million at the end of the previous quarter[10] Expenses and Dividends - Marketing expenses increased by 25.2% to $4.9 million, representing 3.2% of consolidated net sales[3] - A regular quarterly cash dividend of $0.39 per share was declared, payable on February 25, 2026[12] Workforce - The company operates 172 retail design centers, with a total headcount of 3,149, which is 5.1% lower than a year ago[8] Gross Margin - Gross margin improved to 60.9%, compared to 60.3% in the prior year[3] - Gross profit for the six months ended December 31, 2025, was $181.469 million, down from $188.706 million in 2024, reflecting a decline of 3.8%[21]