Revenue Growth - As of October 31, 2025, the company reported an Annual Recurring Revenue (ARR) of $1,039.6 million, reflecting a significant growth in new customers and expanded sales to existing customers [149]. - The number of customers with $250,000 or more in ARR increased by 28% year-over-year, while those with over $1,000,000 in ARR grew by 39% year-over-year [135]. - SaaS ARR as of October 31, 2025, is $669.4 million, reflecting a growth strategy focused on subscription services [153]. - Subscription revenue for the three months ended October 31, 2025, is $266.16 million, a 22.3% increase from $217.64 million in the same period of 2024 [178]. - Total revenue for the nine months ended October 31, 2025, is $776.77 million, up from $621.49 million in the same period of 2024, representing a 25.1% increase [178]. - Subscription revenue increased by $48.5 million, or 22%, for the three months ended October 31, 2025, compared to the same period in 2024, primarily due to growth in SaaS and term subscription revenue [182]. - Total revenue for the three months ended October 31, 2025, was $281.9 million, an increase of $46.7 million, or 20%, compared to $235.3 million in 2024 [182]. - Total revenue for the nine months ended October 31, 2025, was $776.8 million, an increase of $155.3 million, or 25%, compared to $621.5 million for the same period in 2024 [200]. - Subscription revenue increased by $159.9 million, or 28%, for the nine months ended October 31, 2025, primarily due to growth in SaaS and term subscription revenue [200]. IPO and Debt Management - The company completed its IPO on February 14, 2025, raising approximately $1,248.2 million in net proceeds from the sale of 60.0 million shares at an initial offering price of $23.00 per share [129]. - Following the IPO, the company repaid $690.0 million of its Term Loans, with a remaining balance of $350.0 million fully repaid by March 3, 2025, incurring a loss of $15.3 million from extinguishment of debt [131]. - The company repaid $690.0 million of Term Loans from the proceeds of its IPO on February 19, 2025, and the remaining balance of $350.0 million on March 3, 2025 [232]. Operating Expenses and Profitability - Operating expenses for the nine months ended October 31, 2025, total $759.89 million, up from $554.63 million in the same period of 2024, reflecting the costs associated with being a public company [178]. - Gross profit margin for the three months ended October 31, 2025, is 66%, slightly down from 67% in the same period of 2024 [178]. - The net loss for the three months ended October 31, 2025, is $35.98 million, a decrease from a net loss of $59.42 million in the same period of 2024 [178]. - Operating expenses rose by $46.9 million, or 26%, totaling $228.7 million for the three months ended October 31, 2025, primarily due to increases in research and development, sales and marketing, and general and administrative expenses [193]. - The company recorded a GAAP income (loss) from operations of $(24,497) thousand for the three months ended October 31, 2025, improving from $(41,622) thousand in 2024 [226]. - The company reported a net loss of $233.8 million for the nine months ended October 31, 2025, adjusted by non-cash charges of $344.3 million [242]. Research and Development - Research and development expenses increased to $51.21 million for the three months ended October 31, 2025, compared to $39.25 million in the same period of 2024, reflecting ongoing investment in product development [178]. - Research and development expenses increased by $12.0 million, or 30%, for the three months ended October 31, 2025, driven by higher employee-based costs and equity-based compensation [193]. - Research and development expenses increased by $42.3 million, or 34%, for the nine months ended October 31, 2025, primarily due to higher equity-based compensation [210]. Customer Retention and Market Presence - The dollar-based net retention rate remains stable at 114% for both October 31, 2025, and October 31, 2024, indicating strong customer retention and expansion [154]. - The company generated 67% of its revenue from the United States for the three months ended October 31, 2025, with 19% from EMEA and 14% from the rest of the world [141]. - The company expects subscription revenue to increase as a percentage of total revenue as it focuses on its SaaS offerings as a strategic priority [161]. Cash Flow and Liquidity - Free cash flow for the nine months ended October 31, 2025, was $(5,700) thousand, an improvement compared to $(131,700) thousand in 2024, driven by higher revenue growth [230]. - The company believes existing cash and cash equivalents will be sufficient to meet liquidity and capital expenditure requirements for at least the next 12 months [235]. - For the nine months ended October 31, 2025, net cash provided by operating activities was $6.7 million, a significant improvement from a net cash used of $120.2 million in the same period of 2024 [242][243]. - Cash provided by financing activities was $202.0 million during the nine months ended October 31, 2025, primarily due to proceeds from the IPO [247]. Equity-Based Compensation - The company recognized $113.8 million in equity-based compensation expense during the three months ended April 30, 2025, due to modifications related to the IPO [127]. - General and administrative expenses increased by $12.2 million, or 45%, for the three months ended October 31, 2025, largely due to higher equity-based compensation and employee-related costs [195]. - General and administrative expenses surged by $78.8 million, or 98%, for the nine months ended October 31, 2025, driven by increased equity-based compensation [212]. Strategic Initiatives - The company launched new offerings in non-employee risk management and cloud infrastructure entitlement management, focusing on AI investments to enhance its solutions [143]. - The company expects license revenue as a percentage of total revenue to continue to decrease over time as it shifts focus from perpetual licenses to subscriptions [183].

Financial Performance - Q2 total revenues reached $16.1 billion, up 14% in USD and 13% in constant currency[2] - Total revenues for Q2 fiscal 2026 reached $16.0 billion, a 14% increase compared to $14.0 billion in Q2 fiscal 2025[16] - Total revenues for the six months ended November 30, 2025, were $30.98 billion, representing a 13% increase compared to $27.36 billion in the same period of 2024[24] - Total revenues for Q2 Fiscal 2026 reached $15,058 million, reflecting a 13% growth compared to the same quarter last year[36] - The total revenues for the year-to-date period amounted to $30.9 billion, reflecting strong performance across the business[37] Income and Earnings - Q2 GAAP net income was $6.1 billion, up 95% year-over-year, while non-GAAP net income increased by 57% to $6.6 billion[3][5] - Net income for Q2 fiscal 2026 was $6.13 billion, a significant increase of 95% compared to $3.15 billion in Q2 fiscal 2025[16] - The company reported a net income of $9.06 billion for the six months ended November 30, 2025, a 49% increase from $6.08 billion in the same period of 2024[21] - Net income increased to $9.062 billion, a 49% rise from $6.086 billion in the previous year, resulting in diluted earnings per share of $3.11, up 46% from $2.13[24] - GAAP net income for Q2 Fiscal 2026 was $15,420 million, up from $12,440 million in Q2 Fiscal 2025, marking a 24% increase[33] Earnings Per Share - GAAP earnings per share rose by 91% to $2.10, and non-GAAP earnings per share increased by 54% to $2.26[3][5] - Diluted earnings per share for Q2 fiscal 2026 were $2.10, up 91% from $1.10 in Q2 fiscal 2025[16] - Diluted earnings per share of $3.11, up 46% from $2.13[24] Cash Flow and Expenses - Operating cash flow for the last twelve months was $22.3 billion, reflecting a 10% increase[4] - Free cash flow for the trailing four quarters was $9,542 million, with a year-over-year growth rate of 19%[33] - Operating cash flow as a percentage of net income was 145% in Q2 Fiscal 2026, down from 173% in the previous year, indicating a change in cash efficiency[33] - Total operating expenses for the six months ended November 30, 2025, were $21.98 billion, a 15% increase from $19.16 billion in the same period of 2024[21] Cloud Business - Cloud revenues grew by 34% in USD to $8.0 billion, with Cloud Infrastructure (IaaS) revenue up 68% to $4.1 billion[6] - Oracle's Multicloud database business grew by 817% in Q2, indicating strong market demand[5] - Cloud revenues for the six months ended November 30, 2025, were $15.16 billion, representing a 31% increase from $11.56 billion in the same period of 2024[21] - Cloud revenues for Q2 Fiscal 2026 were $7,970 million, representing a 31% growth year-over-year[36] Assets and Liabilities - Total current assets rose to $34.366 billion, up from $24.579 billion as of May 31, 2025, driven by increases in cash and cash equivalents and trade receivables[29] - Total assets increased to $204.984 billion from $168.361 billion, reflecting growth in both current and non-current assets[29] - The company’s total non-current liabilities increased to $136.732 billion from $114.749 billion, primarily due to higher borrowings[29] Research and Development - Research and development expenses for Q2 fiscal 2026 were $668 million, compared to $657 million in Q2 fiscal 2025, reflecting a 2% increase[17] Tax and Amortization - The effective GAAP tax rate for Q2 fiscal 2026 was 3.3%, compared to 7.1% in Q2 fiscal 2025[17] - The effective GAAP tax rate for the first half of fiscal 2026 was 7.2%, compared to 7.3% in the same period of 2025[25] - Estimated future annual amortization expense related to intangible assets is projected to be $812 million for the remainder of fiscal 2026[25] Dividends and Stock-Based Compensation - The board declared a quarterly cash dividend of $0.50 per share, payable on January 23, 2026[7] - Total stock-based compensation for the six months ended November 30, 2025, was $2.280 billion, compared to $2.176 billion in the same period of 2024[25] Strategic Focus - Oracle is committed to chip neutrality, focusing on collaboration with various CPU and GPU suppliers[5] - The company is building 72 Oracle Multicloud datacenters, enhancing its cloud infrastructure capabilities[5] - The financial results indicate a robust growth trajectory, with a focus on strategic initiatives and market expansion[39] - Future performance will be evaluated based on these non-GAAP measures, which are integral to the company's operational decision-making[39]

Revenue Performance - Fourth quarter revenue for fiscal year 2025 was $2.255 billion, a 38% increase from $1.636 billion in the same quarter of fiscal year 2024[2] - Full-year revenue for fiscal year 2025 reached $7.054 billion, reflecting a 15% increase from $6.127 billion in fiscal year 2024[2] - Total revenue for the twelve months ended October 31, 2025, increased to $7,054,178, up from $6,127,436 in the previous year, representing a growth of approximately 15.1%[33] - Revenue from the Design Automation segment for the twelve months ended October 31, 2025, was $5,302.4 million, up 25.6% from $4,221.1 million in 2024[44] - The Design IP segment revenue decreased to $1,751.8 million in 2025, down 8.1% from $1,906.3 million in 2024[44] Income and Earnings - Non-GAAP net income for the fourth quarter of fiscal year 2025 was $543.1 million, or $2.90 per diluted share, compared to $529.9 million, or $3.40 per diluted share, in the fourth quarter of fiscal year 2024[6] - GAAP net income for fiscal year 2025 was $1.336 billion, or $8.07 per diluted share, down from $1.442 billion, or $9.25 per diluted share, in fiscal year 2024[5] - Non-GAAP earnings per diluted share for fiscal year 2025 was $12.91, compared to $13.20 in fiscal year 2024[6] - Net income attributed to Synopsys for the twelve months ended October 31, 2025, was $1,332,220, compared to $2,263,380 in the previous year, indicating a decrease of about 41.2%[34] - Net income for the twelve months ended October 31, 2025, was $1,333,251, a decrease of 40.4% compared to $2,235,810 in 2024[40] Backlog and Future Expectations - The company reported a record backlog of $11.4 billion, indicating strong business resilience[3] - The company expects fiscal year 2026 revenue to be approximately $9.610 billion, including $2.9 billion from Ansys[4] - The anticipated impact of divested businesses is approximately $110 million on revenue for fiscal year 2026[4] Expenses and Costs - Research and development expenses for the twelve months ended October 31, 2025, were $2,479,338, an increase from $2,082,360 in the previous year, reflecting a growth of approximately 19.1%[33] - Total current assets decreased to $6,012,102 as of October 31, 2025, from $6,469,666 a year earlier, a decline of about 7.1%[36] - Total liabilities increased to $19,897,446 as of October 31, 2025, compared to $4,050,355 in the previous year, showing a significant rise[36] - The company reported a gross margin of $5,430,629 for the twelve months ended October 31, 2025, compared to $4,882,147 in the previous year, representing an increase of approximately 11.2%[33] Strategic Initiatives - The company plans to integrate Ansys fully and drive operational efficiency in fiscal year 2026[3] - The company plans to reallocate resources in its Design IP segment to focus on higher growth opportunities, indicating a strategic shift[30] - Synopsys expects to realize synergies from the integration of Ansys, which is anticipated to impact future performance positively[30] - The company has planned stock repurchases as part of its capital allocation strategy, reflecting confidence in its financial position[30] Cash Flow and Financing - Cash flows from operating activities increased to $1,518,608 in 2025 from $1,407,029 in 2024, reflecting a growth of 7.9%[40] - Cash, cash equivalents, and restricted cash at the end of the period were $2,893,721, down from $3,898,729 at the beginning of the year, reflecting a decrease of 25.7%[41] - The company reported a net cash used in investing activities of $(15,881,269) in 2025, compared to a net cash provided of $1,223,013 in 2024[40] - Proceeds from debt in financing activities amounted to $14,329,340 in 2025, with a significant increase compared to no proceeds in 2024[40] Operating Margins - Adjusted operating income for the Design Automation segment increased to $2,213.5 million in 2025, a rise of 35.6% from $1,631.9 million in 2024[44] - Total adjusted segment operating income for the twelve months ended October 31, 2025, was $2,632.9 million, compared to $2,362.1 million in 2024, marking an increase of 11.4%[46] - The adjusted operating margin for the Design Automation segment improved to 41.7% in 2025 from 38.7% in 2024[44] Tax and Restructuring - Synopsys will transition to a three-year normalized non-GAAP tax rate starting in fiscal year 2026, enhancing consistency across reporting periods[60] - The projected annual non-GAAP tax rate is influenced by the acquisition of Ansys in Q3 of fiscal year 2025 and the enactment of the One Big Beautiful Bill Act, affecting taxable income from fiscal year 2026[60] - Restructuring activities are initiated to align costs with operating plans, including severance and facility closures, which are not considered part of core operations[58] Core Business Assessment - Gains and losses from the sale of equity investments in privately held companies are excluded from core business assessments[59] - Changes in the fair value of non-qualified deferred compensation plans are not used to assess core profitability[59] Company Overview - Synopsys is a leader in engineering solutions, focusing on silicon design, IP, simulation, and analysis solutions[62] - The company partners with customers across various industries to enhance R&D capabilities and productivity[62]

Financial Performance - Consolidated net sales for Q3 fiscal 2025 were $307 million, a slight decrease of 0.2% from $308 million in Q3 fiscal 2024[2] - GAAP loss per share was $4.28, compared to a loss of $0.25 in Q3 fiscal 2024; adjusted loss per share was $0.92 versus $0.11 in the prior year[2] - Gross profit for Q3 Fiscal 2025 was $185.3 million, down 4.7% from $194.5 million in Q3 Fiscal 2024[31] - Operating loss for Q3 Fiscal 2025 was $85.1 million, compared to an operating loss of $6.2 million in Q3 Fiscal 2024[31] - Net loss for Q3 Fiscal 2025 was $63.7 million, compared to a net loss of $3.9 million in Q3 Fiscal 2024[31] - Consolidated net sales were $307.3 million in Q3 2025, a slight decrease of 0.2%, and $1,103.3 million for the first nine months, down 2.0%[36] - The company's gross profit for Q3 2025 was $185.3 million, down 4.8% from the previous year, and $685.2 million for the first nine months, a decrease of 4.6%[36] - Operating income for the consolidated entity was a loss of $85.1 million in Q3 2025, compared to a loss of $6.2 million in Q3 2024, and a loss of $23.5 million for the first nine months compared to a profit of $98.7 million in the previous year[36] - Net earnings for Q3 2025 were a loss of $63.7 million, compared to a loss of $3.9 million in Q3 2024, and a loss of $20.8 million for the first nine months compared to a profit of $75.1 million in the previous year[36] - The company reported a net earnings per diluted share loss of $4.28 in Q3 2025, compared to a loss of $0.25 in Q3 2024, and a loss of $1.39 for the first nine months compared to a profit of $4.74 in the previous year[36] Sales and Revenue - Full-price direct-to-consumer sales increased by 3% to $206 million, with e-commerce sales rising 5% to $106 million[5] - Tommy Bahama's net sales decreased by 4.4% to $154.2 million in Q3 2025, and by 5.2% to $599.3 million for the first nine months[35] - Lilly Pulitzer's net sales increased by 7.3% to $74.9 million in Q3 2025, and by 5.7% to $264.3 million for the first nine months[35] - Johnny Was reported a net sales decline of 8.4% to $42.2 million in Q3 2025, and a decrease of 11.2% to $131.1 million for the first nine months[35] - Emerging Brands achieved a net sales increase of 17.0% to $36.1 million in Q3 2025, and a 12.5% increase to $108.9 million for the first nine months[35] Expenses and Costs - Gross margin decreased to 60.3% from 63.1% in Q3 fiscal 2024, primarily due to increased costs from tariffs and a shift in sales mix[5] - SG&A expenses for Q3 Fiscal 2025 were $212.6 million, an increase of 3.9% from $204.7 million in Q3 Fiscal 2024[31] - Impairment of goodwill and intangible assets amounted to $61.0 million in Q3 Fiscal 2025, with no such charges in Q3 Fiscal 2024[31] - The impairment of goodwill and intangible assets was $61.0 million in Q3 2025, representing 19.8% of net sales[36] Future Projections - The company expects full-year net sales to be between $1.47 billion and $1.49 billion, down from $1.52 billion in fiscal 2024[10] - GAAP loss per share for fiscal 2025 is projected to be between $1.52 and $1.32, including noncash impairment charges of $61 million[10] - Capital expenditures for fiscal 2025 are expected to be approximately $120 million, down from $134 million in fiscal 2024[15] - GAAP net earnings per diluted share guidance for Fiscal 2025 is $(1.52) to $(1.32), compared to $5.87 in Fiscal 2024[37] - Adjusted net earnings per diluted share guidance for Fiscal 2025 is $2.20 to $2.40, down from $6.68 in Fiscal 2024[37] Dividends and Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.69 per share, payable on January 30, 2026[9] - The company declared dividends of $0.69 per share in Q3 Fiscal 2025, compared to $0.67 per share in Q3 Fiscal 2024[31] Inventory and Assets - Inventory increased by $1 million, or 1%, on a LIFO basis compared to the end of Q3 fiscal 2024[6] - Total assets increased to $1.28 billion as of November 1, 2025, compared to $1.22 billion as of November 2, 2024[29] - Long-term debt rose to $140.4 million in Q3 Fiscal 2025, up from $57.8 million in Q3 Fiscal 2024[29] - Cash and cash equivalents at the end of Q3 Fiscal 2025 were $8.0 million, compared to $7.0 million at the end of Q3 Fiscal 2024[33] Store Expansion - The company plans to open approximately 15 new full-price stores by the end of fiscal 2025, including three new Marlin Bars and a full-service restaurant[15] - Total Tommy Bahama retail locations increased from 160 in Q1 Fiscal 2024 to 166 by Q4 Fiscal 2024[39] - Johnny Was full-price retail stores remained stable at 77 from Q2 to Q4 Fiscal 2024[39] - The number of Southern Tide full-price retail stores increased from 20 in Q1 Fiscal 2024 to 30 by Q4 Fiscal 2024[39] - The total Oxford retail locations increased from 322 in Q1 Fiscal 2024 to 345 by Q4 Fiscal 2024[39]

EXHIBIT 99.1 Fourth Quarter Fiscal 2025 Financial and Operational Highlights: (1) See GAAP to non-GAAP and EBITDA and Adjusted EBITDA reconciliation in schedules following this release. Management Comments "Stronger than expected results in the fourth quarter were driven by AI applications," commented Mr. Bob Daigle, Chief Executive Officer of Amtech. Advanced Packaging and assembly equipment we produce for AI infrastructure accounted for over 30% of our Thermal Processing Solutions (TPS) segment revenue in ...

Financial Performance - Sales for the second quarter of fiscal year 2026 were $70,096,000, a 46.8% increase from $47,764,000 in the prior year quarter[3] - Pre-tax earnings decreased by 12.2% to $3,453,000 compared to $3,931,000 in the prior year quarter[3] - Kewaunee Scientific reported net sales of $70,096,000 for the three months ended October 31, 2025, a 46.7% increase from $47,764,000 in the same period of 2024[20] - Gross profit for the three months ended October 31, 2025, was $19,720,000, representing a 41.5% increase compared to $13,952,000 in the prior year[20] - Operating profit decreased slightly to $4,107,000 for the three months ended October 31, 2025, down from $4,434,000 in the same period of 2024[20] - Net earnings attributable to Kewaunee Scientific Corporation for the three months ended October 31, 2025, were $2,445,000, a decrease of 18.7% from $3,008,000 in the prior year[20] Sales Breakdown - Domestic sales increased by 51.7% to $55,224,000 from $36,409,000 in the prior year quarter[4] - International sales rose by 31.0% to $14,872,000 from $11,355,000 in the prior year quarter[5] Assets and Liabilities - The company’s total assets as of October 31, 2025, were $189,075,000, down from $194,654,000 as of April 30, 2025[22] - Total liabilities decreased to $117,358,000 as of October 31, 2025, compared to $128,409,000 as of April 30, 2025[22] - Kewaunee Scientific's cash and cash equivalents were $12,594,000 as of October 31, 2025, down from $14,942,000[22] - Total cash on hand was $13,679,000, down from $17,164,000 on April 30, 2025[8] - Long-term debt decreased to $58,164,000 from $60,730,000 on April 30, 2025[9] - The debt-to-equity ratio improved to 0.88-to-1 from 0.99-to-1 on April 30, 2025[9] Acquisition and Strategy - The acquisition of Nu Aire, Inc. is part of the company's strategy to diversify and enhance its laboratory solutions offerings[10] - The company has integrated its newly acquired subsidiary, Nu Aire, which is expected to enhance its product offerings in laboratory equipment[16] - Kewaunee Scientific anticipates that the acquisition of Nu Aire will provide significant benefits, although it faces risks related to competitive conditions and supply chain disruptions[18] Inventory and Backlog - The company's order backlog was $192.9 million as of October 31, 2025, compared to $184.4 million a year earlier[3] - The company reported an increase in inventories to $35,499,000 as of October 31, 2025, compared to $32,849,000 as of April 30, 2025[22] - The company expects strong demand for its products and a robust backlog through the end of the fiscal year[10]

Financial Performance - Total revenues for the three months ended October 31, 2025, were $128.998 million, a decrease of 6.4% compared to $137.225 million for the same period in 2024[16] - Operating loss for the three months ended October 31, 2025, was $34.329 million, compared to a loss of $9.177 million in the same period of 2024[16] - Net loss for the nine months ended October 31, 2025, was $103.116 million, compared to a loss of $90.801 million for the same period in 2024, reflecting a year-over-year increase of 13.5%[16] - The net loss for the quarter ending October 31, 2025, is $41,279,000[25] - For the nine months ended October 31, 2025, Skillsoft reported a net loss of $103.1 million, compared to a net loss of $90.8 million for the same period in 2024[31] - The consolidated net loss for the three months ended October 31, 2025, was $41.279 million, compared to a net loss of $23.599 million for the same period in 2024[128] - Basic and diluted earnings per share for the three months ended October 31, 2025, were $(4.74), compared to $(2.86) for the same period in 2024[128] Assets and Liabilities - Total current assets decreased to $230.656 million as of October 31, 2025, down from $332.853 million as of January 31, 2025, representing a decline of 30.8%[14] - Total assets decreased to $897.582 million as of October 31, 2025, compared to $1.106 billion as of January 31, 2025, a reduction of 18.9%[14] - Total current liabilities decreased to $272.994 million as of October 31, 2025, down from $376.982 million as of January 31, 2025, a decline of 27.5%[14] - Shareholders' equity decreased to $3.988 million as of October 31, 2025, compared to $93.846 million as of January 31, 2025, indicating a significant decline[14] - As of October 31, 2025, Skillsoft's long-term debt amounted to $570.2 million, with current maturities of $6.4 million[70] - The fair value of Skillsoft's outstanding long-term debt as of October 31, 2025, was $511.2 million[115] Cash Flow and Expenses - Cash flows from operating activities resulted in a net cash outflow of $5.4 million for the nine months ended October 31, 2025, compared to a net cash inflow of $12.2 million in 2024[31] - The company reported a net decrease in cash, cash equivalents, and restricted cash of $25.8 million for the nine months ended October 31, 2025[31] - Skillsoft's cash and cash equivalents at the end of the period were $74.6 million, down from $97.9 million at the end of the same period in 2024[35] - The company incurred total operating expenses of $163.327 million for the three months ended October 31, 2025, an increase from $146.402 million in the same period of 2024[16] - Interest expense for the nine months ended October 31, 2025, was $44.115 million, compared to $48.538 million for the same period in 2024[126] - Cash paid for interest during the nine months ended October 31, 2025, was $41.8 million, compared to $48.4 million in 2024[35] Stock and Equity - The weighted average common shares outstanding for the nine months ended October 31, 2025, were 8,536,207, compared to 8,170,344 for the same period in 2024[16] - The total number of Class A common shares outstanding increased from 8,380,436 to 9,051,822 between January 31, 2024, and October 31, 2025[28][25] - As of October 31, 2025, Skillsoft had 9,051,822 shares of common stock issued and 8,752,045 shares outstanding[74] - The total additional paid-in capital as of October 31, 2025, is $1,575,259,000[25] - The total number of shares available for issuance under the 2020 Omnibus Incentive Plan was 496,019 as of October 31, 2025, following an amendment that increased the total shares available[80] Revenue Recognition - The company recognized revenue from subscription services on a straight-line basis over the contract term, which typically ranges from one to three years[97] - Revenue from professional services is recognized over time as services are performed, with billing commonly occurring in advance of the services being provided[99] - SaaS and subscription services revenue for the three months ended October 31, 2025, was $93,532, a decrease of 3.3% from $97,123 in the same period of 2024[100] - Total net revenues for the three months ended October 31, 2025, were $128,998, down 6.0% from $137,225 in the prior year[101] - Revenue from the United States for the three months ended October 31, 2025, was $83,537, a decrease of 6.4% compared to $88,960 in 2024[102] Impairments and Adjustments - The company reported an impairment of goodwill amounting to $20.771 million for the three months ended October 31, 2025[16] - The company incurred an impairment of goodwill amounting to $20.8 million during the nine months ended October 31, 2025[31] - The translation adjustment for the quarter ending October 31, 2025, was a loss of $13,879,000[25] - The restructuring charges for the three months ended October 31, 2025 totaled $4.15 million, primarily associated with costs of terminated employees[63] Future Projections - Future amortization expense related to intangible assets is expected to total $270.2 million over the next several fiscal years[48] - The company will continue to evaluate its cost structure and operating model, which may result in further restructuring actions[64]

Financial Performance - For the three months ended October 31, 2025, the net loss attributable to Vail Resorts, Inc. was $186.8 million, compared to a net loss of $173.3 million for the same period in 2024, representing a year-over-year increase in loss of approximately 7.9%[92] - Resort Reported EBITDA for the three months ended October 31, 2025, was $(139.7) million, slightly improved from $(139.7) million in 2024, indicating a stable performance despite seasonal challenges[92] - The Mountain Reported EBITDA for the three months ended October 31, 2025, was $(142.6) million, a 1.0% improvement from $(144.1) million in 2024, attributed to increased visitation and resource efficiency[94] - The Real Estate segment reported EBITDA of $11.5 million for the three months ended October 31, 2025, down from $15.1 million in 2024, reflecting fluctuations in real estate sales timing[92] - The Lodging segment reported EBITDA of $2.9 million for the three months ended October 31, 2025, a decrease from $4.4 million in 2024, highlighting challenges in the lodging operations[92] Revenue and Sales - Mountain segment net revenue increased by 6.9% to $185.2 million for the three months ended October 31, 2025, up from $173.3 million in 2024, driven by a 22.8% increase in lift revenue[94] - Total skier visits for the Mountain segment increased by 34.9% to 739,000 in the three months ended October 31, 2025, compared to 548,000 in the same period in 2024[94] - Ski school revenue increased by $1.0 million or 15.3%, driven by improved visitation at Australian resorts and increased lesson pricing[99] - Other revenue rose by $1.3 million or 1.6%, primarily due to increased summer activities and sightseeing revenue from higher pricing[100] - Lodging segment total net revenue decreased by $1.2 million or 1.4%, with owned hotel rooms revenue increasing by 1.3% while managed condominium rooms revenue decreased by 17.2%[104][106] - Real Estate segment net revenue increased by $17,000 or 27.0%, while Real Estate Reported EBITDA decreased by $3.6 million or 23.9%[109] Operating Expenses and Cash Flow - Operating expenses increased by $9.4 million or 2.9%, mainly due to higher variable expenses linked to increased revenue in Australia[101] - Net cash provided by operating activities increased by $33.2 million to $315.9 million, driven by decreased income tax payments and increased product sales[114] - Cash and cash equivalents as of October 31, 2025, totaled $581.5 million, with an additional $507.7 million available under the Vail Holdings Credit Agreement, ensuring sufficient liquidity for operations[91] - Cash and cash equivalents rose to $581.5 million as of October 31, 2025, compared to $403.8 million in the prior year[117] - The company anticipates continued significant operating cash flows from its Mountain and Lodging segments for at least the next 12 months[117] Debt and Liquidity - Total long-term debt increased from $2.8 billion as of October 31, 2024, to $3.2 billion as of October 31, 2025, with net debt rising from $2.4 billion to $2.6 billion[121] - The company has approximately $1.0 billion of variable-rate debt outstanding, with a 100-basis point change in borrowing rates affecting annual interest payments by approximately $9.5 million[124] - The company expects to meet liquidity needs through existing cash, operating cash flows, and borrowings under credit agreements if necessary[121] - The company amended the Whistler Credit Agreement to extend the maturity date to September 24, 2030, and reduced the total size of the credit facility from C$300.0 million to C$250.0 million[122] - The company was in compliance with all restrictive financial covenants in its debt instruments as of October 31, 2025[129] Shareholder Returns - A cash dividend of $2.22 per share was approved, payable on January 12, 2026, with $79.8 million paid in dividends during the three months ended October 31, 2025[125] - The company repurchased 114,800 shares during the three months ended October 31, 2024, at an average cost of $174.21, totaling approximately $20.0 million[126] - The company has repurchased a total of 11,060,183 shares at a cost of approximately $1,399.4 million since the inception of the share repurchase program[126] Risks and Challenges - The company experienced inflationary pressures and one-time operating expenses of $3.6 million in the Mountain segment for the three months ended October 31, 2025, impacting overall profitability[97] - Risks related to high fixed cost structure and reliance on government permits for operational improvements were highlighted[136] - The company faces risks associated with labor disruptions and increased labor costs impacting operational efficiency[136] - There are risks related to the integration of acquired businesses and their performance in new markets, including Europe[136] - The company is subject to various risks from changes in tax laws and regulations that could adversely affect financial results[136] Foreign Currency Exposure - Foreign currency translation adjustments for the three months ended October 31, 2025, resulted in losses of $8,396 thousand, compared to losses of $3,854 thousand in the same period of 2024[140] - Foreign currency loss on intercompany loans for the three months ended October 31, 2025, was $79 thousand, down from $264 thousand in the same period of 2024[140] - The company is exposed to currency translation risk due to fluctuations in the Canadian dollar, Australian dollar, and Swiss franc compared to the U.S. dollar[138] - The company does not currently enter into hedging arrangements to minimize the impact of foreign currency fluctuations on operations[138]

Fiscal 2026 Third Quarter Select Metrics and Financial Measures (1) "Our TDS segment continues to make progress with the September announcement of the Skillsoft Percipio Platform, with agentic AI capabilities, and with the signing of our first four large enterprise customers," said Ron Hovsepian, Skillsoft Executive Chair and CEO. "In addition, AI now drives more than half of our design, curation, and production work for learning content. This is changing how we operate and strengthening the value we delive ...

Exhibit 99.1 Vail Resorts Contacts: Investor Relations: Connie Wang, InvestorRelations@vailresorts.com Media: Sara Olson, News@vailresorts.com Vail Resorts Reports First Quarter Fiscal 2026 and Season Pass Sales Results, Reaffirms Guidance and Announces 2026 Capital Plan BROOMFIELD, Colo. - December 10, 2025 - Vail Resorts, Inc. (NYSE: MTN) today reported results for the first quarter of fiscal 2026 ended October 31, 2025, provided North American season pass sales results for the 2025/2026 ski season, reaff ...