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 001-37848 KINSALE CAPITAL GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 98-0664337 (State or ot ...

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 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ IDEXX LABORATORIES, INC. (Exact name of registrant as specified in its charter) Delaware 01-0393723 (State or other jurisdiction of ...

Financial Performance - Kforce's Technology business represents 93% of overall revenues, with total revenues decreasing 4.8% year-over-year to $1.2 billion in 2025[33]. - Revenue for the year ended December 31, 2025, decreased 5.4% to $1.33 billion from $1.41 billion in 2024, primarily due to decreases in consultants on assignment[133]. - Flex revenue decreased 5.3% to $1.30 billion in 2025 from $1.38 billion in 2024, with Technology Flex revenue decreasing 4.7% and FA Flex revenue decreasing 12.8%[133]. - Direct Hire revenue decreased 11.1% to $25.7 million in 2025 from $28.9 million in 2024[133]. - Net income for the year ended December 31, 2025, decreased 30.9% to $34.8 million, or $1.96 diluted earnings per share, from $50.4 million, or $2.68 diluted earnings per share, in 2024[133]. - Selling, General and Administrative expenses as a percentage of revenue increased to 23.0% from 22.0% in 2024, primarily due to declines in revenue and gross profit[133]. - The firm experienced a decline in gross profit margin, decreasing 20 basis points to 27.2% in 2025 from 27.4% in 2024[133]. - The company's net income for 2025 was $34,825,000, down 30.9% from $50,414,000 in 2024[192]. - The effective tax rate for 2025 was 25.8%, slightly up from 25.4% in 2024[152]. - Cash provided by operating activities was $61.645 million in 2025, down from $86.874 million in 2024, primarily due to lower profitability levels[161]. Market Position and Strategy - The technology temporary staffing industry is projected to generate revenues of $38 billion in 2026, with Kforce holding approximately 3% market share[43]. - Kforce's integrated strategy aims to enhance service delivery and accelerate revenue growth, targeting an operating margin of approximately 8% at $1.7 billion in annual revenues[49]. - Kforce focuses on technology staffing and solutions, with over 93% of its business concentrated in this area, enhancing its competitive advantage[53]. - Kforce's strategic partnerships with market leaders like Microsoft and Workday are expected to enhance operational efficiency through AI integration[51]. - The staffing industry is highly competitive, with significant pricing pressures and limited barriers to entry for new competitors, impacting Kforce's market share[74]. Operational Developments - The company established a development center in Pune, India, in January 2025 to enhance its offshore delivery capabilities[22]. - Kforce's commitment to employee well-being includes flexible work environments and comprehensive health and wellness programs[64]. - Kforce's strategic initiatives, including technological transformation and the establishment of an India development center, aim to enhance service offerings and profitability[75]. Economic and Regulatory Risks - The unemployment rate increased to 4.4% in December 2025, indicating broader economic uncertainty, yet demand for skilled professionals in technology remains strong[44]. - Kforce faces risks related to economic fluctuations, which can significantly affect demand for its services and overall financial performance[70]. - The company is subject to immigration regulations that could restrict the hiring of skilled foreign nationals, impacting its ability to meet client needs[92]. - Kforce's business model may be adversely affected by reclassification of independent contractors, leading to potential retroactive wages and tax liabilities[94]. - Increases in payroll-related costs could negatively impact financial results, as the company may struggle to raise client fees in response[95]. - The company is exposed to tax audits and changes in tax laws, which could affect its tax obligations and effective tax rate[96]. - Kforce's operations could be impacted by government regulations affecting the workplace, potentially increasing costs and compliance burdens[97]. Financial Management and Shareholder Returns - Kforce has returned $1.1 billion to shareholders since 2007, indicating a strong commitment to shareholder value[23]. - The firm returned $76.0 million of capital to shareholders, including $48.5 million in open market repurchases and $27.5 million in quarterly dividends[133]. - The Board declared dividends of $27.493 million in 2025, reflecting a per-share dividend of $1.56[163]. - In January 2026, the Board approved an increase in the dividend to $1.60 per share, marking the seventh consecutive annual increase[164]. - The company repurchased 1,205,000 shares for $48,552,000 in 2025, with $97.2 million remaining available for future repurchases under the stock repurchase program[167]. Challenges and Concerns - Kforce's dependence on key management and operating employees is critical; losing any key executive could adversely affect strategic priorities and financial objectives[85]. - Cybersecurity risks are a significant concern, with potential unauthorized access to sensitive information that could disrupt operations and harm financial results[86]. - Kforce relies on third-party suppliers for consultants, and any economic or regulatory changes could hinder their ability to provide necessary services, impacting client satisfaction and market expansion[81]. - The company faces risks from third-party software providers, including potential downtime and misalignment with business needs, which could lead to increased costs and operational inefficiencies[82]. - A hypothetical 10% increase in interest rates would increase annual interest expense by less than $500,000 based on the outstanding amount under the Credit Facility[180]. Financial Metrics and Ratios - Total assets increased to $365,638 thousand in 2025 from $357,834 thousand in 2024, representing a growth of 0.8%[195]. - Total liabilities increased to $241,035 thousand in 2025 from $203,216 thousand in 2024, reflecting an increase of 18.6%[195]. - Stockholders' equity decreased to $124,603 thousand in 2025 from $154,618 thousand in 2024, a decline of 19.4%[195]. - Cash and cash equivalents rose significantly to $2,142 thousand in 2025 from $349 thousand in 2024, marking a substantial increase of 512.6%[200]. - Capital expenditures for 2025 were $14,840 thousand, significantly higher than $7,573 thousand in 2024, an increase of 96.0%[200].

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 _____________ 001-13106 (Essex Property Trust, Inc.) 333-44467-01 (Essex Portfolio, L.P.) (Commission File Number) ESSEX PROPERTY TRUST, INC. ESSEX ...

Financial Performance - U.S. Consumer net sales for the first quarter were $328.5 million, reflecting a 4% decrease compared to the prior year[22] - GAAP gross margin rate improved by 90 basis points to 25.0%, while non-GAAP adjusted gross margin rate also improved by 90 basis points to 25.4%[8] - GAAP net loss from continuing operations was $0.83 per share, an improvement of $0.32 per share compared to the prior year[8] - Non-GAAP adjusted EBITDA for the quarter was $3.0 million, an increase of $2.1 million over the prior year[8] - The U.S. Consumer segment reported a segment profit of $9.0 million, down 8% from the previous year[22] - The net loss from continuing operations for the three months ended December 27, 2025, was $47.8 million, compared to a net loss of $66.1 million in the same period of 2024[26] - Adjusted EBITDA for the three months ended December 27, 2025, was $3.0 million, up from $0.9 million in the same period of 2024[26] - The company reported a diluted net loss per common share from continuing operations of $0.83 for the three months ended December 27, 2025, compared to $1.15 in the same period of 2024[26] Guidance and Future Expectations - The company reaffirmed its fiscal 2026 guidance, including non-GAAP adjusted net income per share from continuing operations projected between $4.15 and $4.35[15] - The company anticipates free cash flow of $275 million, which will drive the leverage ratio down to the high 3's[15] Asset and Liability Management - Total assets decreased to $3,034.0 million in December 2025 from $3,170.2 million in December 2024, a decline of approximately 4.3%[24] - Total current assets increased to $1,257.2 million in December 2025, compared to $940.3 million in September 2025, reflecting a growth of approximately 33.7%[24] - Long-term debt decreased to $2,250.2 million in December 2025 from $2,636.9 million in December 2024, a reduction of approximately 14.7%[24] - The current portion of debt increased significantly to $278.3 million in December 2025 from $54.6 million in December 2024[24] - The total liabilities decreased to $3,534.6 million in December 2025 from $3,649.7 million in December 2024, a decline of approximately 3.1%[24] Discontinued Operations - The planned divestiture of the Hawthorne subsidiary is expected to close in the fiscal second quarter, with the business classified as a discontinued operation[2] - The Company has classified the Hawthorne business as held for sale, impacting its financial statements for all periods presented[43] - Effective in the first quarter of fiscal 2026, the results of operations for the Hawthorne business will be reflected as a discontinued operation[43] - The Company incurred a loss from discontinued operations of $77.2 million for the three months ended December 27, 2025, compared to $3.4 million in the same period of 2024[42] - The decision to classify the Hawthorne business as held for sale was made during the three months ended December 27, 2025[43] Accounting and Reporting Practices - The Company does not provide a GAAP outlook due to the unpredictability of certain excluded items, which could significantly impact GAAP results[43] - Forward-looking non-GAAP measures are presented, but no reconciliation to GAAP measures is provided due to unreasonable efforts[43] - The reclassification of the Hawthorne business affects the Condensed Consolidated Balance Sheets for all periods presented[43] - Management does not forecast many of the excluded items for internal use, complicating the creation of a GAAP outlook[43] - The Company emphasizes that changes in excluded items are dependent on future events that are less predictable[43] - The classification of the Hawthorne business aligns with the criteria for being held for sale as per accounting standards[43] - The Company aims to ensure the accuracy of its financial reporting while navigating the complexities of non-GAAP measures[43] Shareholder Returns - A share repurchase program of up to $500 million has been approved, expected to commence in late 2026[3] Leverage and Financial Ratios - Net leverage improved to 4.03x, a reduction of 0.49x compared to the previous year[8]

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 001-38434 Dropbox, Inc. (Exact name of registrant as specified in its charter) Nevada 26-0138832 (State or other jurisdict ...

| | | Page | | --- | --- | --- | | | Special Note Regarding Forward-Looking Statements | 3 | | PART I | | | | Item 1 | Business | 6 | | Item 1A | Risk Factors | 17 | | Item 1B | Unresolved Staff Comments | 47 | | Item 1C | Cybersecurity | 47 | | Item 2 | Properties | 49 | | Item 3 | Legal Proceedings | 50 | | Item 4 | Mine Safety Disclosures | 50 | | PART II | | | | Item 5 | Market for Registrant's Common Equity, Related Stockholder | | | | Matters and Issuer Purchases of Equity Securities | 50 | | Item 6 | ...

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 27, 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: 000-50307 FormFactor, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organ ...

Financial Performance - Revenues for the year ended December 31, 2025, were $4,050.7 million, a decrease of 4% compared to $4,209.7 million in 2024[217] - Operating income increased by 4% to $757.3 million in 2025 from $725.8 million in 2024[217] - Net income for 2025 was $499.6 million, down 47% from $934.2 million in 2024[217] - Basic earnings per share decreased to $1.53 in 2025, a decline of 44% from $2.75 in 2024[228] - Total expenses for 2025 were $3,293.4 million, down 5% from $3,483.9 million in 2024[217] Segment Performance - Consumer Money Transfer segment revenues decreased by 8% to $3,507.4 million in 2025 from $3,798.0 million in 2024[234] - The Consumer Money Transfer segment accounted for 87% of total revenues in 2025, down from 90% in 2024[232] - Consumer Services segment revenues increased by 32% to $543.3 million in 2025, up from $411.7 million in 2024[244] - Operating income for Consumer Money Transfer decreased due to reduced revenue, partially offset by lower agent commissions and technology expenses[243] Cash Flow and Liquidity - Cash provided by operating activities increased to $543.7 million in 2025 from $406.3 million in 2024, primarily due to an income tax settlement[258] - As of December 31, 2025, cash and cash equivalents were $1,234.4 million, down from $1,474.0 million in 2024[254] - The company has $392.0 million in outstanding commercial paper borrowings as of December 31, 2025, with a weighted-average interest rate of approximately 3.9%[262] Debt and Financing - The Revolving Credit Facility was increased to $1.62 billion, maturing on November 30, 2029[263] - The company had $800.0 million outstanding under the Term Loan Facility, maturing on December 13, 2027[266] - The Delayed Draw Term Loan Facility was established with an aggregate amount of $800.0 million, with the option to increase to $1.0 billion[267] - The consolidated interest coverage ratio was 7:1 for the year ended December 31, 2025[271] - Projected interest payments on outstanding borrowings were $698.6 million as of December 31, 2025[280] Capital Expenditures and Shareholder Returns - Capital expenditures totaled $150.8 million in 2025, up from $130.6 million in 2024[276] - Share repurchases amounted to 23.7 million shares for $224.7 million in 2025, with an average cost of $9.49 per share[277] - Quarterly cash dividends of $0.235 per common share were declared in all four quarters of 2025, totaling $304.7 million[278] Assets and Goodwill - As of December 31, 2025, the carrying value of goodwill was $2,098.5 million, representing approximately 25% of consolidated assets[298] - Goodwill in the Consumer Money Transfer reporting unit was $1,986.4 million, with no impairments recorded for the years ended December 31, 2025 and 2024[298] - The net carrying value of other intangible assets as of December 31, 2025 was $356.3 million, with immaterial impairments recorded during the years ended December 31, 2025 and 2024[303] - The company has approximately $2.4 billion in interest-bearing assets, with $1.0 billion bearing floating interest rates[309] Risk Management - A hypothetical 100 basis point increase in interest rates would decrease annual pre-tax income by approximately $12 million based on sensitive borrowings[313] - The company manages foreign exchange risk through short-duration foreign currency forward contracts, with maturities ranging from a few days to one month[306] - A hypothetical 10% strengthening or weakening of the U.S. dollar would result in a pre-tax annual income change of approximately $40 million[308] - Credit and non-credit losses have been less than 2% of consolidated revenues in all periods presented[317] - The company evaluates the recoverability of goodwill and other intangible assets based on qualitative and quantitative assessments, including discounted cash flows[295] Regulatory and Compliance Risks - The company faces risks related to mergers, acquisitions, and the integration of acquired businesses, which may not yield anticipated financial benefits[323] - There are potential liabilities from litigation, including class-action lawsuits and regulatory enforcement actions, which could incur significant costs[326] - The company must comply with evolving regulations regarding consumer privacy and data security, which may impact operational costs and business practices[326] - Changes in tax laws and their interpretations could adversely affect the company's financial position and operations[323] - The company is exposed to foreign exchange rate fluctuations, which may impact financial results and require effective management[323] - There are risks associated with the ability to attract and retain qualified key employees, which is crucial for operational success[323] - The company must navigate increased regulatory costs and changes in laws affecting digital currencies and related technologies[323] - The company may face adverse rating actions from credit rating agencies, impacting its financial stability and borrowing costs[323] - The company is at risk of material changes in the market value or liquidity of securities it holds, which could affect its financial health[323] - The company must manage credit and fraud risks presented by agents and clients, which is essential for maintaining operational integrity[323]

For the transition period from to Commission file number 001-13958 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 The Hartford Insurance Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-3317783 (State or other j ...