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 (I.R.S. Employer Identification No.) Sunnyvale, CA 94085 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (800) 436-0826 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION ...

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: 001-08089 DANAHER CORPORATION (Exact name of registrant as specified in its charter) Delaware 59-19 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 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: 001-39413 VERTEX, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 23-2081753 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identification No.) ...

Revenue Performance - Revenue for Q4 2025 was $574.5 million, representing a 5.3% year-over-year increase and a 2.7% increase in constant currency[4]. - Full-year 2025 revenue decreased to $1.95 billion, down 2.9% year-over-year and 3.3% in constant currency[6]. - Revenue for Q4 2025 was $574.5 million, an increase from $545.4 million in Q4 2024, while full-year revenue decreased to $1,950.1 million from $2,008.4 million in 2024[39]. - Total revenue for the year ended December 31, 2025, was $1,950.1 million, a decrease of 2.9% from $2,008.4 million in 2024[42]. - The company achieved revenue of $574.5 million in Q4 2025, an increase from $545.4 million in Q4 2024, but a decline from $2,008.4 million in the year ended 2024 to $1,950.1 million in 2025[55]. Profitability Metrics - Non-GAAP operating profit margin for Q4 2025 was 18.0%, an increase of 640 basis points year-over-year[4]. - Operating income for Q4 2025 was $76.6 million, compared to $48.6 million in Q4 2024, with a full-year operating income of $78.5 million down from $97.4 million in 2024[39]. - Consolidated net earnings for Q4 2025 were $19.8 million, a decrease from $30.5 million in Q4 2024, leading to a full-year net loss of $340.0 million compared to a loss of $193.2 million in 2024[39]. - Basic earnings per share for Q4 2025 was $0.26, down from $0.43 in Q4 2024, with a full-year loss per share of $(4.79) compared to $(2.79) in 2024[39]. - Non-GAAP net income attributable to Unisys Corporation was $63.4 million for Q4 2025, significantly higher than $26.6 million in Q4 2024, with a yearly increase from $44.0 million in 2024 to $68.3 million in 2025[51]. Cash Flow and Financial Position - Cash provided by operations in Q4 2025 was $104.9 million, up from $76.6 million in Q4 2024[19]. - Free cash flow for Q4 2025 increased by $30.1 million year-over-year, primarily due to lower net interest payments and increased license renewals collections[19]. - Cash and cash equivalents increased to $421.7 million as of December 31, 2025, from $390.6 million at the end of 2024[48]. - Long-term debt rose to $729.0 million as of December 31, 2025, compared to $488.2 million in 2024[46]. - Free cash flow for Q4 2025 was $85.8 million, up from $55.7 million in Q4 2024, while the yearly free cash flow showed a decline from $(217.6) million in 2025 compared to $55.3 million in 2024[53]. Contract Value and Backlog - Total Contract Value (TCV) for Q4 2025 was $1.149 billion, a 53% increase year-over-year[22]. - Backlog increased to $3.16 billion in Q4 2025, compared to $2.84 billion in Q4 2024, driven by Ex-L&S renewal signings[23]. - New Business TCV for FY25 was $491 million, a 38% decrease year-over-year[22]. - The company reported a backlog of contracted work, which is a key indicator of future revenue, although specific figures were not disclosed[28]. - Total Contract Value (TCV) is a significant metric for assessing future revenue potential, with new business TCV representing expansion and new contracts[28]. Future Guidance and Strategic Focus - The company provided 2026 revenue growth guidance of (6.5)% to (4.5)% in constant currency[23]. - The company anticipates revenue growth and margin expansion in 2026, with guidance provided during the conference call[30]. - Free cash flow generation is a focus area, with adjusted free cash flow metrics being highlighted for investor transparency[32]. - The company continues to invest in technology solutions, including cloud and AI, to drive future growth and operational efficiencies[35]. Pension and Other Expenses - The defined benefit pension plans funding deficit improved to $448.5 million, a reduction of $301.7 million year-over-year[18]. - The company reported a pension and postretirement expense of $22.2 million for Q4 2025, up from $11.1 million in Q4 2024, with a yearly expense of $309.0 million in 2025 compared to $182.2 million in 2024[55].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x 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 Commission File Number: 1-6887 BANK OF HAWAII CORPORATION (Exact name of registrant as specified in its charter) | Delaware | 99-0148992 | | --- | --- | | (State of incorporation) | (I.R.S. Employer Identification No.) | 130 Merchant Street Honolulu Hawaii 96813 (Add ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________ Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) Delaware 98-0420726 222 W. Las Colinas Blvd., Suite 900N Irving, TX 75039-5421 December 31, 2025 OR ☐ TRANSITION REPORT PURSU ...

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 (Exact name of Registrant as specified in its Charter) | Delaware | 74-2162088 | | --- | --- | | (State or other jurisdiction of | (I.R.S. Employer | | incorporation or organization) | Identific ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K 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 001-13439 INNOVEX INTERNATIONAL, INC. (Exact name of Registrant as specified in its Charter) (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 | Dela ...

Financial Performance - Fourth quarter 2025 revenue reached $180 million, an 8% increase sequentially from Q3 2025, and a 99% increase compared to 2024[5] - Net loss for Q4 2025 was $4 million, translating to $(0.04) per diluted Class A common share; adjusted pro forma net income was $30 million, or $0.35 per fully diluted share[5] - Adjusted EBITDA for Q4 2025 was $69 million, a 1% increase sequentially from Q3 2025, and grew by 137% year over year[5] - Total revenue for the full year 2025 was $622.2 million, a significant increase from $313.1 million in 2024[14] - Total revenues for the three months ended December 31, 2025, were $179.7 million, a 86.6% increase from $96.3 million in the same period of 2024[21] - Adjusted EBITDA for the three months ended December 31, 2025, was $68.8 million, compared to $37.4 million for the same period in 2024, representing an increase of 83.9%[29] - Adjusted pro forma net income for the year ended December 31, 2025, was $250.8 million, compared to $103.1 million for the year ended December 31, 2024[34] - Adjusted pro forma net income for the year ended December 31, 2025, was $94,132 million, significantly higher than $24,888 million in 2024[37] - Adjusted pro forma earnings per share - diluted for the year ended December 31, 2025, was $1.25, compared to $0.50 in 2024[37] Segment Performance - Fourth quarter 2025 segment adjusted EBITDA for Solaris Power Solutions was $53 million, an 8% decrease from Q3 2025 due to a less favorable project mix[10] - Fourth quarter 2025 segment adjusted EBITDA for Solaris Logistics Solutions was $23 million, a 31% increase from Q3 2025, driven by an increase in fully-utilized system count[10] - Solaris Power Solutions segment generated revenues of $103.6 million for the three months ended December 31, 2025, up from $33.9 million in the same period of 2024, marking a 205.5% increase[21] - Solaris Logistics Solutions segment reported revenues of $76.1 million for the three months ended December 31, 2025, compared to $62.4 million in the same period of 2024, an increase of 22.0%[21] Cash and Debt Management - Cash and cash equivalents attributable to Solaris increased to $339.4 million as of December 31, 2025, up from $159.9 million as of December 31, 2024[33] - Long-term debt attributable to Solaris decreased to $972.6 million as of December 31, 2025, compared to $315.7 million as of December 31, 2024[33] Capital Expenditures and Investments - Capital expenditures for Solaris Power Solutions were $252.6 million for the three months ended December 31, 2025, significantly higher than $124.7 million in the same period of 2024[21] - The company plans to continue expanding its market presence through strategic acquisitions and investments in new technologies[30] Dividends and Shareholder Returns - The company approved a first quarter 2026 dividend of $0.12 per share, marking the 30th consecutive dividend payment[5] Losses and Expenses - The company incurred a loss on extinguishment of debt of $41,451 million in 2025, primarily related to a prepayment penalty and unamortized debt issuance costs[37] - Transaction and acquisition costs for the year ended December 31, 2025, totaled $2,180 million, down from $4,358 million in 2024[37] - Incremental income tax expense for the year ended December 31, 2025, was $(16,699) million, compared to $(591) million in 2024[37] - The change in Tax Receivable Agreement liability for the year ended December 31, 2025, was $(1,598) million, reflecting adjustments due to tax rate changes[37] - The company reported a net loss attributable to Stateline non-controlling interest of $6,516 million for the year ended December 31, 2025[37] Future Guidance - The company increased its first quarter 2026 adjusted EBITDA guidance to $72-77 million, up from the previous guidance of $70-75 million, and established second quarter 2026 guidance at $76-84 million[5] Strategic Agreements - Solaris entered into a 10-year agreement to provide over 500 MW of power to a leading hyperscaler, with an option to extend for an additional 5 years starting in Q1 2027[5]

Exhibit 99.1 Solaris Energy Infrastructure Announces Fourth Quarter and Full Year 2025 Results, Updated Earnings Guidance, Power Contracting Progress, Continued Shareholder Returns Co-Chief Executive Officer Amanda Brock, added "We are in advanced discussions with customers for Power Solutions capacity that significantly surpasses our current open availability, underscoring strong demand in the market. We are developing a diversified business, not just in customers but also capabilities, which gives us and ...