UNITED STATES SECURITIESAND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR 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 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________________ to _____________________ OR o SHELL COMPAN ...

Financial Performance - Total revenues for the year ended December 31, 2025 were $166.2 million, a decrease of $25.1 million, or 13.1%, compared to 2024 [217]. - Mobile solutions revenues decreased by $31.0 million, or 31.3%, primarily due to decreased sales with a carrier partner [217]. - Fixed wireless access solutions revenues increased by $2.1 million, or 4.4%, due to increased sales of current generation products [218]. - Gross profit for 2025 was $71.0 million, with a gross margin of 42.7%, compared to $68.8 million and 36.0% in 2024 [222]. - Total cost of revenues for 2025 was $95.2 million, or 57.3% of revenues, down from $122.4 million, or 64.0% in 2024 [219]. - Research and development expenses for 2025 were $19.8 million, or 11.9% of revenues, compared to $20.6 million, or 10.8% in 2024 [224]. - Sales and marketing expenses increased to $17.4 million, or 10.5% of revenues, from $16.0 million, or 8.3% in 2024 [225]. - General and administrative expenses rose to $20.8 million, or 12.5% of revenues, compared to $17.2 million, or 9.0% in 2024 [226]. - The company's net cash provided by operating activities for the year ended December 31, 2025 was $7.2 million, a decrease from $33.5 million in 2024 [243]. - The company reported a net cash outflow of $8.6 million in investing activities for the year ended December 31, 2025, primarily related to software development [247]. - The company incurred a net loss from continuing operations of $14.4 million in 2024, which was offset by non-cash charges [246]. - The company has a history of operating and net losses, impacting its ability to maintain profitable operations [241]. Liquidity and Capital Resources - As of December 31, 2025, the company had cash and cash equivalents totaling $24.9 million and positive working capital of $15.6 million [235]. - The company entered into a $15.0 million secured asset-backed revolving credit facility on August 5, 2025, maturing on August 5, 2028 [236]. - As of December 31, 2025, the company had $14.5 million available to borrow under the Working Capital Facility, with no outstanding borrowings [238]. - The company had a principal balance of $40.9 million in outstanding borrowings under the 2029 Senior Secured Notes as of December 31, 2025 [256]. - Future payments under non-cancellable purchase obligations as of December 31, 2025 were approximately $101.2 million [244]. - The company repaid the remaining $14.9 million principal balance of the 2025 Convertible Notes during the year ended December 31, 2025 [249]. Business Operations and Strategy - The company repurchased 25,000 shares of Preferred Stock with a liquidation value of $42 million for approximately $26 million, representing a 38% discount [194]. - The company exchanged $146.9 million of outstanding principal of the 2025 Convertible Notes for $33.8 million in cash and 2.9 million shares of common stock, significantly improving liquidity [196]. - The company divested its Telematics Business for approximately $52 million in cash, focusing on its core 5G wireless solutions business [198]. - The company’s mobile broadband devices, sold under the MiFi brand, are actively used by millions of end users, indicating strong market penetration [201]. - The company’s fixed wireless access solutions are deployed by enterprise and SMB customers, enhancing its market presence in corporate managed wireless solutions [202]. - A substantial majority of software services revenue comes from the SaaS CSP wireless subscriber lifecycle management solution, indicating a strong recurring revenue stream [203]. Market and Economic Factors - The company’s future revenues may be influenced by the availability of materials and components used in hardware products, highlighting supply chain risks [204]. - The company’s operating results are affected by macroeconomic factors, including inflation and consumer spending confidence, which could impact revenue and profit margins [212]. - The company faces competition in the area of 5G technology and must adapt to changes in technologies to maintain market relevance [213]. - A worldwide shortage of memory chips could impact operations if adequate supply cannot be secured, potentially affecting product pricing and margins [214]. - For the fiscal year ended December 31, 2025, sales denominated in foreign currencies were approximately 0.9% of total revenue [260]. - A hypothetical 10% change in foreign currencies would have increased or decreased the company's revenue by approximately $0.1 million [260].

Financial Performance - Operating revenues for 2025 were $3.965 billion, a 13% increase from $3.524 billion in 2024[5] - Adjusted EBITDA for 2025 was $1.37 billion, up 19% from $1.148 billion[5] - Cash flows from operations increased by $302 million, reaching $749 million, a 68% rise[5] - Free cash flow for 2025 was $626 million, up from $193 million, representing a $433 million increase[5] - Contract drilling revenues for 2025 reached $3,965 million, a 12.5% increase from $3,524 million in 2024 and a 40% increase from $2,832 million in 2023[26] - Adjusted EBITDA for YTD December 31, 2025, was $1,370 million, with an adjusted EBITDA margin of 34.6%, compared to $1,148 million and a margin of 32.5% for the same period in 2024[38] Debt and Liquidity - Total principal amount of debt was reduced to $5.686 billion, down $1.258 billion or 18%[5] - Total liquidity as of 2025 was $1.507 billion, including an undrawn revolving credit facility[5] - Long-term debt decreased to $5,212 million in 2025 from $6,195 million in 2024[28] - Debt repayments YTD amounted to $(1,556) million, with $(1,106) million in the most recent quarter[44] - Debt repayments for the previous YTD reached $(2,103) million, with $(30) million in the most recent quarter[44] - Debt repayments paid from debt proceeds for the previous YTD were $1,748 million, indicating a strong reliance on debt financing[44] Losses and Impairments - The net loss attributable to controlling interest for 2025 was $2.915 billion, or $3.04 per diluted share[6] - The total operating loss for 2025 was $2,337 million, compared to a loss of $417 million in 2024 and $325 million in 2023[26] - Net loss attributable to controlling interest for 2025 was $2,915 million, significantly higher than the $512 million loss in 2024 and $954 million in 2023[26] - The company reported a loss on impairment of assets of $3,049 million in 2025, compared to $772 million in 2024 and $57 million in 2023[26] - Loss on impairment of assets for YTD December 31, 2025, was $3,049 million, significantly higher than the $772 million reported for the same period in 2024[38] - The company experienced a profit margin of (73.5)% for YTD December 31, 2025, compared to (14.5)% for the same period in 2024[38] Operational Efficiency - The company achieved a revenue efficiency of 96.5%, up from 94.5% in 2024[5] - Average daily revenue for ultra-deepwater floaters in Q4 2025 was $466,000, up from $460,200 in Q3 2025 and $428,200 in Q4 2024[32] - Total fleet average rig utilization in Q4 2025 was 85.8%, an increase from 76.0% in Q3 2025 and 66.8% in Q4 2024[32] - Revenue efficiency for the total fleet in Q4 2025 was 96.2%, compared to 97.5% in Q3 2025 and 93.5% in Q4 2024[32] Future Projections - For 2026, the company projects contract drilling revenues between $3.800 billion and $3.950 billion[11] - The company added $839 million in contract backlog at a weighted average dayrate of $453,000[5] Tax and Interest - The effective tax rate for the three months ended December 31, 2025, was 68.8%, with an adjusted effective tax rate of 72.3% excluding discrete items[40] - Interest expense for YTD December 31, 2025, was $515 million, up from $312 million in the same period of 2024[38] Cash Flow Analysis - Cash provided by operating activities for the year-to-date (YTD) reached $749 million, with a quarterly total (QTD) of $349 million[44] - Free Cash Flow YTD was $626 million, showing a significant increase compared to $321 million QTD[44] - Levered Free Cash Flow YTD was reported at $(438) million, indicating a decline from $(293) million QTD[44] - Capital expenditures YTD totaled $(123) million, with $(28) million spent in the latest quarter[44] - Cash provided by operating activities for the previous year-to-date (YTD) was $447 million, with a quarterly total (QTD) of $206 million[44] - Free Cash Flow for the previous YTD was $193 million, compared to $177 million QTD[44] - Levered Free Cash Flow for the previous YTD was $(162) million, with a positive $147 million in the latest quarter[44]

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 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 1-11840 THE ALLSTATE CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3871531 (State or Other Jurisdiction of Incorpor ...

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: 001-36383 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (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 Five9, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organizati ...

Sales Performance - In 2025, the company's net sales increased by 7.2% to $8,231.5 million compared to 2024, driven by the acquisition of Paragon 28, market growth, and new product introductions [175]. - The company expects net sales growth of 2.5% to 4.5% in 2026, with the Paragon 28 acquisition contributing an estimated 1.0% to this growth [177]. - In 2025, U.S. net sales grew by 7.3% to $4,764.0 million, with the Paragon 28 acquisition contributing 3.6% to this growth [180]. - International net sales increased by 7.0% to $3,467.5 million in 2025, with foreign currency exchange rates contributing 1.8% to this growth [185]. - The S.E.T. product category saw a significant increase in net sales by 15.2% in 2025, largely due to the Paragon 28 acquisition, which contributed 10.5% to this growth [186]. - Changes in volume and mix of product sales positively impacted year-over-year sales growth by 6.4% in 2025, with the Paragon 28 acquisition contributing 2.5% [182]. Earnings and Expenses - Net earnings for 2025 were $705.1 million, a decline from $903.8 million in 2024, primarily due to inventory charges of approximately $170 million and costs related to acquisitions [176]. - Cost of products sold as a percentage of net sales increased to 30.3% in 2025 from 28.5% in 2024, driven by inventory charges and tariffs [187]. - The company's gross margin decreased to 61.6% in 2025 from 63.8% in 2024, impacted by inventory charges and U.S. tariffs [190]. - Research and development expenses as a percentage of net sales slightly decreased to 5.6% in 2025 from 5.7% in 2024 [187]. - R&D expenses increased in amount but decreased as a percentage of net sales in 2025, driven by Paragon 28-related expenses and higher technology project spending, offset by lower EU Medical Device Regulation compliance costs [191]. - SG&A expenses increased in both amount and percentage of net sales in 2025, primarily due to variable selling and distribution costs, Paragon 28-related expenses, and higher performance-related compensation [192]. - The company recognized $181.2 million in restructuring expenses in 2025, down from $219.0 million in 2024, mainly due to lower costs associated with U.S. and Canada ERP implementation [193]. - Acquisition-related expenses increased in 2025, including $55.1 million for compensation related to Paragon 28 and Monogram acquisitions, partially offset by $77.1 million in net gains from declines in estimated fair values of contingent consideration [194]. Cash Flow and Financial Position - Cash flows from operating activities increased to $1,697.1 million in 2025 from $1,499.4 million in 2024, driven by higher net sales and favorable timing of accounts payable [208]. - Cash flows used in investing activities rose to $1,975.7 million in 2025, including $1,393.2 million for the acquisitions of Paragon 28 and Monogram [209]. - The company had $591.9 million in cash and cash equivalents as of December 31, 2025, with $1.0 billion available under a 364-day revolving credit agreement [206]. Tax and Restructuring - The effective tax rate increased to 15.1% in 2025 from 12.7% in 2024, influenced by foreign rate differentials and intercompany transactions [198]. - The company expects to reduce gross annual pre-tax operating expenses by approximately $175 million by the end of 2027 as part of its restructuring plans [218]. - Management recognized a charge of approximately $170 million to reduce inventory and instruments to their net realizable value due to reduced demand for certain products [225]. Contingent Consideration and Assets - As of December 31, 2025, the company recorded $299.2 million of contingent consideration related to completed business combinations, an increase from $180.7 million in 2024 [237]. - The company had net assets, excluding goodwill and intangible assets, in legal entities with non-U.S. Dollar functional currencies of $1,490.4 million at December 31, 2025 [244]. Risk Management - A sensitivity analysis indicated that a 10 percent change in foreign currency exchange rates could affect earnings by approximately $109 million to $107 million before income taxes [242]. - The majority of the company's debt is fixed-rate, and a 10 percent change in interest rates would not have a material effect on interest expense [250]. - The company is exposed to credit risk primarily from cash and cash equivalents, derivative instruments, and accounts receivable, but believes reserves for losses are adequate [251]. - Management evaluates deferred tax assets on an ongoing basis and provides valuation allowances unless it is "more likely than not" that the deferred tax benefit will be realized [227]. - During the annual goodwill impairment testing in Q4 2025, the estimated fair values of two reporting units exceeded their carrying values by more than 25 percent [232]. - The company enters into supply contracts for raw materials with terms of 12 to 24 months to mitigate commodity price risks [247]. - The company uses derivative financial instruments solely as risk management tools and not for speculative investment purposes [240].

Sales and Financial Performance - The company has successfully increased home sales prices to absorb rising costs associated with labor, commodities, and lumber, mitigating inflationary pressures experienced in recent years[46]. - The company expects to face cost pressures from inflation similar to those experienced in the last few years, which could impact future quarters[46]. - The company continues to monitor supply markets to achieve the best prices for raw materials and labor, which are critical to its operations[46]. Employment and Training - As of December 31, 2025, the company employed 1,056 people, with 622 in on-site sales and support roles and 342 involved in acquisition, development, purchasing, and construction[53]. - The company has implemented a structured 100-day training program for sales professionals, emphasizing ongoing training and development[55]. Community Engagement - The company has contributed over $4.0 million in corporate sponsorships and over 50,000 employee service hours to local communities since 2016[58]. Industry Competition - The homebuilding industry is highly competitive, with the company competing against numerous national, regional, and local homebuilders, as well as existing home sales and rental markets[51]. Environmental Regulations - The company is subject to various environmental regulations that may result in delays and increased costs, particularly in environmentally sensitive areas[48]. - The company has not incurred any material unanticipated liabilities related to environmental conditions or toxic waste removal[50]. Debt and Interest Rates - The company utilizes both fixed-rate and variable-rate debt for financing, with no obligation to prepay senior notes or fixed-rate inventory obligations prior to maturity[288]. - As of December 31, 2025, the company had $527.6 million of variable rate indebtedness outstanding under the Credit Agreement[290]. - The interest rate for the variable rate indebtedness was SOFR plus 1.85%, with SOFR at 3.72% as of December 31, 2025[290]. - A hypothetical 100 basis point increase in the average interest rate above the SOFR floor would increase annual interest costs by approximately $5.3 million[290]. - The company believes that future interest rate risks related to existing indebtedness will not have a material adverse impact on its financial position, results of operations, or liquidity[291].

Exhibit 99.1 Alliant Energy Corporation Corporate Headquarters 4902 North Biltmore Lane Madison, WI 53718-2148 www.alliantenergy.com News Release FOR IMMEDIATE RELEASE "In 2025, we delivered another solid year of financial and operational results. We're executing well while investing to meet growing customer demand," said Lisa Barton, Alliant Energy President and CEO. "We have renegotiated an electric service agreement with QTS based on a new project location and our investment plan reinforces our flexibili ...

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 Delaware 06-1500476 ☐ 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.: 001-16753 AMN HEALTHCARE SERVICES, INC. (Exact Name of Registrant as Specified i ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K 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 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-39142 PORCH GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 84-2587663 (State or other jurisdiction of incorporation or organizatio ...