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 001-05647 ______________________________________________________ MATTEL, INC. (E ...

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 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 001-37635 AXSOME THERAPEUTICS, INC. (Exact name of registrant as specified in its charter) Delaware (State or ot ...

Fourth Quarter 2025 Update CANNAE HOLDINGS, INC. / FOURTH QUARTER 2025 UPDATE Forward-Looking Statements and Risk Factors This communication contains forward-looking statements that involve a number of risks and uncertainties. Statements that are not historical facts, including statements regarding our expectations, hopes, intentions, or strategies regarding the future are forward-looking statements. Forward-looking statements are based on management's beliefs, as well as assumptions made by, and informatio ...

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 December 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-20574 THE CHEESECAKE FACTORY INCORPORATED (Exact name of registrant as specified in its charter) Delaware 51-0340466 (State or other jurisdiction (I.R.S. Employer ...

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 No. 001-35083 NOVANTA INC. (Exact name of registrant as specified in its charter) New Brunswick, Canada 98-0110412 (State or other jurisdiction of incorpor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2025 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 1-5103 BARNWELL INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Delaware 72-0496921 (State or other jurisdiction of incorporation or organization) (I. ...

Financial Performance - Total revenues for the year ended December 31, 2025, were $266.0 million, with net income attributable to common stockholders of $114.4 million, or $3.93 per diluted share[6] - Total revenues for the year ended December 31, 2025, were $265,955,000, a decrease of 13.7% compared to $308,517,000 in 2024[26] - Net income attributable to common stockholders for the year ended December 31, 2025, was $114,435,000, down 28.4% from $159,857,000 in 2024[26] - Funds From Operations (FFO) attributable to common stockholders (diluted) for the year ended December 31, 2025, was $192,356,000, a decrease of 16.5% from $230,241,000 in 2024[28] - Normalized FFO for the year was $193.5 million, or $6.82 per diluted share, while AFFO was $205.4 million, or $7.24 per diluted share[4] - Adjusted Funds From Operations (AFFO) attributable to common stockholders (diluted) for the year ended December 31, 2025, was $205,412,000, down 19.7% from $256,144,000 in 2024[28] - The company reported a net loss on the sale of real estate of $326,000 for the year ended December 31, 2025[28] Dividends and Shareholder Returns - The company declared dividends totaling $7.60 per share for the year, having paid over $1.1 billion in common stock dividends since inception[6] - The weighted average shares outstanding for diluted common stock were 28,303,530 for the year ended December 31, 2025[28] Liquidity and Debt - The company closed on a new three-year, $100.0 million secured revolving credit facility, with outstanding borrowings of $75.0 million as of December 31, 2025[19] - Total liquidity was reported at $107.6 million, consisting of cash and cash equivalents and availability under the revolving credit facility[19] - The debt to total gross assets ratio was 14%, with total gross assets amounting to $2.7 billion[19] - Total liabilities increased to $522,854,000 as of December 31, 2025, compared to $441,987,000 in 2024, reflecting a rise of 18.3%[24] - Cash and cash equivalents decreased significantly to $47,597,000 in 2025 from $146,245,000 in 2024, a decline of 67.5%[24] - Debt is calculated as the sum of the carrying value of the Notes due 2026 and the Revolving Credit Facilities as of December 31, 2025[37] Operational Metrics - The company executed leases for 337,000 square feet in Q4 2025 and Q1 2026 to date, representing 4% of the total portfolio's rentable square feet[6] - The company experienced a 13.1% decrease in total revenues for Q4 2025 compared to Q4 2024, primarily due to a decrease in rental revenue[14] - Total assets as of December 31, 2025, were $2,370,858,000, a slight decrease from $2,378,047,000 in 2024[24] Strategic Investments - As of December 31, 2025, the company had funded $150.0 million of its strategic investment in IQHQ, Inc., with a commitment to fund an additional $120.0 million[9] Financial Reporting and Comparability - IIP's computation of FFO, Normalized FFO, and AFFO may differ from other equity REITs, indicating potential non-comparability[36] - FFO, Normalized FFO, and AFFO should not be considered as alternatives to net income or cash flow from operating activities, highlighting their limitations as financial performance indicators[36] - For the year ended December 31, 2024, FFO (diluted), Normalized FFO, and AFFO include the dilutive impact of the assumed full exchange of the Exchangeable Senior Notes for shares of common stock[35] - The Exchangeable Senior Notes matured in February 2024, impacting the financial metrics reported[35] Future Outlook - The company plans to continue focusing on core real estate operations and improving operational performance metrics such as FFO and AFFO[30]

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 Brandywine Realty Trust Brandywine Operating Partnership, L.P. (Exact name of registrant as specified in its charter) Maryland (Brandywine Realty Trust) Delawar ...

Contract Backlog and Financial Performance - The company's contract backlog as of December 31, 2025, was $6.29 billion, representing a decrease of 28% from $8.74 billion at December 31, 2024, and a decrease of 32% from $9.25 billion at December 31, 2023[31]. - The company’s drilling contracts may be renegotiated or terminated during depressed market conditions, potentially affecting financial performance[33]. - As of December 31, 2025, the fair value of the company's outstanding debt was $5.76 billion, a decrease of $1.13 billion from the previous year due to debt retirements and scheduled repayments[261]. - The company has fixed-rate debt scheduled for repayment totaling $2.49 billion from 2026 to 2030, with an average interest rate of 7.83%[261]. - The fair value of the bifurcated compound exchange feature related to the 4.625% Exchangeable Bonds was $126 million as of December 31, 2025, with a 10% change in market price potentially impacting the carrying amount by $30 million or $21 million[263]. - The company is exposed to interest rate risk primarily associated with long-term debt, with a significant portion of cash equivalents subject to variable interest rates[260][262]. Fleet and Technological Capabilities - The fleet consists of ultra-deepwater drillships capable of drilling in water depths of 4,500 feet or greater, with 18 drillships equipped with dual-activity technology for simultaneous drilling tasks[20][26]. - The company has two drillships with an industry-leading hoisting capacity of 1,700 short tons and equipped with 20,000 psi blowout preventers[30]. - The automated fleet includes four ultra-deepwater drillships and five harsh environment semisubmersibles equipped with an automated drilling control system, with two more installations in progress[29]. - The company has deployed the industry's first kinetic blowout stopper technology on two of its floaters since 2021, enhancing well control capabilities[30]. - The entire fleet is dynamically positioned, ensuring operational efficiency and safety during drilling operations[30]. - The company has established a patented HaloGuard℠ system on ten drilling units to enhance safety by monitoring personnel in danger zones[30]. - The company has a history of technological innovation, including the first dynamically positioned drillship and the first dual-activity drillship, contributing to operational integrity and efficiency[26]. - The company’s semisubmersibles are designed for year-round operations in harsh environments, with two custom-designed rigs equipped with dual-activity technology[21]. Workforce and Corporate Culture - As of December 31, 2025, the company had a global workforce of approximately 5,600 individuals, with 38% located in North America and 26% in South America[39]. - Approximately 45% of the workforce is represented by collective bargaining agreements, primarily in Brazil and Norway[42]. - The company emphasizes a corporate culture based on its FIRST Shared Values, aiming to maintain a safe and respectful work environment[40]. - The company invests in a rigorous competency-based training program to enhance the skills of its workforce[44]. - The company aims to attract and retain top talent by offering competitive compensation and benefits packages tailored to workforce demographics[43]. Environmental Management and Sustainability - The company maintains a global Environmental Management System (EMS) that is ISO 14001 certified, focusing on reducing greenhouse gas emissions and operational discharges[55]. - The company has invested in joint ventures and companies focused on renewable energy and technology development to enhance operational efficiency and sustainability[56]. - Compliance with governmental regulations, particularly environmental regulations, has not resulted in material costs, and no significant capital expenditures are expected for compliance in 2026[57]. - The company continuously seeks innovative ways to enhance its operations while minimizing environmental impact[55]. - The company uses various techniques to manage currency exchange rate risk, including structuring contracts for payment in both U.S. dollars and local currencies[264]. - The company has partial ownership interests in companies involved in the development of deep-sea polymetallic nodules, which are critical for the renewable energy market[56]. Market Conditions and Operational Impact - The company categorizes its market sectors into ultra-deepwater, deepwater, harsh environment, and midwater, with ultra-deepwater rigs capable of drilling up to 12,000 feet[36]. - The company’s operations are influenced by worldwide energy supply and demand, which drives oil and natural gas prices[37]. - The total recordable incident rate (TRIR) for the year ended December 31, 2025, was 0.19, based on 11.5 million labor hours worked[45]. - The company operates a fleet of drilling units distributed across various regions, including eight units in the U.S. Gulf of America and six units in Brazil[35].

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 RAYONIER INC. (Exact name of registrant as specified in its charter) North Carolina 1-6780 13-2607329 (State or other Jurisdiction of incorporation or organization ...