Exhibit 99.1 AMAZON.COM ANNOUNCES FOURTH QUARTER RESULTS SEATTLE—(BUSINESS WIRE) February 5, 2026—Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its fourth quarter ended December 31, 2025. Fourth Quarter 2025 Full Year 2025 • Net sales increased 14% to $213.4 billion in the fourth quarter, compared with $187.8 billion in fourth quarter 2024. Excluding the $2.8 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 12% ...

Financial Performance - For the three months ended December 31, 2025, net income was $39.396 million, compared to $36.467 million for the same period in 2024, representing a year-over-year increase of 5.1%[14]. - The company's same property net operating income (NOI) for the year ended December 31, 2025, was $427.968 million, up from $413.067 million in 2024, reflecting a growth of 3.6%[14]. - Adjusted EBITDA for the year ended December 31, 2025, was $415.839 million, compared to $392.297 million in 2024, indicating an increase of 6.0%[14]. - The diluted funds from operations (FFO) per share for the year ended December 31, 2025, was $2.72, up from $2.57 in 2024, marking a growth of 5.8%[14]. - Net income for the year ended December 31, 2025, was $159.5 million, a 10.8% increase from $143.9 million in 2024[24]. - Total revenues for Q4 2025 reached $197.4 million, an increase of 7.6% compared to $183.4 million in Q4 2024[24]. - Funds from Operations (FFO) for the three months ended December 31, 2025, was $82,371,000, up from $76,033,000 in the same period last year, reflecting an increase of 8.4%[26]. - Total revenue for the year ended December 31, 2025, was $159,534,000, compared to $143,942,000 for the previous year, marking an increase of 10.8%[26]. - Total consolidated real estate revenue for the year ended December 31, 2025, was $721,849 thousand, compared to $677,717 thousand for the previous year[44]. - Total revenues for the year ended December 31, 2025, were $763.9 million, compared to $753.3 million in 2024, reflecting a growth of 1.8%[197]. Asset and Equity Growth - The total assets of COPT Defense Properties as of December 31, 2025, were $4.701 billion, an increase from $4.254 billion in 2024[16]. - The company's total equity as of December 31, 2025, was $1.562 billion, compared to $1.537 billion in 2024, reflecting a growth of 1.6%[16]. - Total assets increased to $4.7 billion as of December 31, 2025, up from $4.3 billion at the end of Q3 2025[21]. - The company’s equity market capitalization is $3.206 billion, while the total market capitalization is $5.997 billion[95]. Debt and Financial Ratios - The debt to assets ratio as of December 31, 2025, was 58.9%, compared to 56.2% in the previous year[16]. - Total consolidated debt as of 12/31/25 is $2.791 billion, with an effective interest rate of 3.33%[95]. - The company has $2.649 billion in unsecured debt, with a stated rate of 3.25%[99]. - Total Debt to Total Assets ratio is 43.5%, well below the required threshold of 60%[109]. - Debt Service Coverage ratio stands at 4.8x, exceeding the required minimum of 1.5x[109]. - The company’s net debt is $2,589,666, with a net debt to adjusted book ratio of 40.5%[109]. Dividend Information - The dividend per common share for the year ended December 31, 2025, was $1.22, an increase from $1.18 in 2024[14]. - Dividends/distributions per common share/unit increased to $1.22 for the year ended December 31, 2025, compared to $1.18 in 2024, a rise of 3.4%[199]. Portfolio and Occupancy - As of December 31, 2025, COPT Defense Properties' Defense/IT Portfolio consists of 201 properties, encompassing 23.2 million square feet and is 96.5% leased[8]. - The total portfolio occupancy rate improved to 94.0% in Q4 2025, compared to 93.6% in Q4 2024[18]. - The total number of properties in the Defense/IT Portfolio is 192, with a total operational square footage of 21,870 thousand square feet[58]. - The total square feet leased across all categories was 735, with 637 square feet in the Defense/IT portfolio[67]. - Total leased square feet increased to 2,043, with expiring square feet at 2,623, indicating a retention rate of 77.9%[71]. - The average cash rent per square foot for the Defense/IT portfolio was $35.51[67]. Leasing Activity - The company executed 735,000 square feet of leasing in Q4 2025, including 336,000 square feet of renewals and 125,000 square feet of vacancy leasing[186]. - Total leasing activity for 2025 was 3.1 million square feet, exceeding the initial annual target by nearly 40%[175]. - The company committed $278 million to 5 new investments, which are 81% pre-leased[177]. Development and Future Plans - The anticipated total cost for the Defense/IT portfolio under development is $447.672 million, with $110.081 million spent to date[87]. - The development pipeline consists of six properties totaling 882,000 square feet, 86% leased as of February 4, 2026, with an estimated investment of $448 million[186]. - The company owns or controls 990 acres of land for future development in the Defense/IT portfolio, with an estimated developable square feet of 10,399[93]. Operational Metrics - The company reported a total of 25,147 thousand square feet in its total portfolio, an increase from 24,537 thousand square feet in Q4 2024[18]. - Cash and cash equivalents significantly increased to $275.0 million in Q4 2025, compared to $38.3 million in Q4 2024[21]. - The average committed cost per square foot for completed leasing was $4.56, with a weighted average lease term of 6.1 years[67]. - The average escalations per year across the portfolio were 2.6%[67]. Non-GAAP Measures - The company utilizes non-GAAP measures to provide investors with a clearer understanding of performance compared to other REITs, acknowledging limitations in these measures[130]. - Adjusted EBITDA is net income adjusted for interest, depreciation, and other non-operational expenses, providing insight into the company's ability to repay debt[132]. - Cash NOI is defined as NOI adjusted for non-cash items, providing a more accurate reflection of the company's operating performance[137].

EXHIBIT 99.1 FirstCash Reports Record Fourth Quarter and Full-Year Operating Results; Fourth Quarter Revenues Increase 20%, Driving Even Greater Earnings Growth; 28 New Pawn Locations Added in the Fourth Quarter Through Acquisitions and Openings; Declares Quarterly Cash Dividend Fort Worth, Texas (February 5, 2026) -- FirstCash Holdings, Inc. ("FirstCash" or the "Company") (Nasdaq: FCFS), the leading international operator of more than 3,300 retail pawn stores, today announced record revenue and earnings re ...

Exhibit 99.1 Investor Relations Contact Mark Miller, 205 970-5860 mark.miller@encompasshealth.com Encompass Health reports results for fourth quarter 2025 and issues 2026 guidance BIRMINGHAM, Ala. - Encompass Health Corporation (NYSE: EHC), the largest owner and operator of inpatient rehabilitation hospitals in the United States, today reported its results of operations for the fourth quarter ended December 31, 2025. Summary results | | | | | Growth | | | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q _______________________ (Mark One) x 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 o 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: 001-38442 _______________________ IB ...

Market Position and Performance - XPO has approximately 9% market share in the North American LTL market, which is estimated to be $53 billion in 2024[17]. - In 2025, XPO moved approximately 16 billion pounds of freight through its network, covering 772 million miles, averaging 2.5 million miles per day[29]. - The company improved its on-time performance in every quarter of 2025 compared to 2024, achieving a damage claims ratio of 0.3%, down from 1.2% in Q4 2021[42]. - XPO's capital expenditures in 2025 included acquiring over 3,600 trailers and 1,200 tractors, with 60% of the expenditures focused on network capacity[42]. - The company achieved a full-year yield growth of 6.0% in 2025, driven by service improvements and expansion of accessorial services[42]. - XPO reduced its cost of third-party purchased transportation by over 50% in 2025 compared to 2024, with outsourced linehaul miles dropping to 5.1% of total linehaul miles in Q4[43]. - In 2025, XPO generated approximately 59% of its revenue in North America, with 16% from France, 14% from the U.K., and 11% from the rest of Europe[45]. - The top five customers of XPO accounted for approximately 8% of total revenue in 2025, with the largest customer contributing less than 3%[46]. Fleet and Infrastructure - XPO's fleet initiatives in 2025 included purchasing over 1,200 tractors, reducing the average tractor age to approximately 3.7 years[37]. - The company has over 150 all-electric trucks deployed in Europe, supported by more than 350 electric charging stations at its facilities[39]. - The company operates 592 locations globally, with 424 leased facilities and 164 owned facilities as of December 31, 2025[159][160]. Employee and Training Initiatives - The company has approximately 22,500 employees in North America, 14,400 in Europe, and 400 in Asia, with a total of about 60% of global employees based in North America[61]. - In 2025, the company graduated over 400 students from its LTL driver training locations, providing tuition-free training and pay during the program[79]. - The company completed over 380,000 training hours worldwide in 2025 through its learning and development platform, XPO University[80]. - Approximately 60% of newly hired U.S. employees in 2025 self-identified as ethnically or racially diverse, with 20% identifying as Black or African American, exceeding the U.S. population percentage[64]. - The company provided additional wage increases to over 1,000 eligible LTL employees at more than 225 locations throughout 2025[81]. - The company has maintained a safety program, "Road to Zero," resulting in approximately 2,550 LTL drivers achieving a safety designation of at least one million accident-free miles as of December 31, 2025[70]. - The company has a commitment to employee well-being, introducing new options for virtual physical therapy and enhanced mental health support programs[72]. - The company has been recognized as a 2025 "Top Company for Women to Work for in Transportation – Elite 30" by the Women in Trucking Association[74]. - The company has invested in direct employee communications, conducting over 9,000 roundtable discussions and safety and engagement committee meetings across its North American LTL network in 2025[67]. Financial Performance - Consolidated revenue for 2025 increased by 1.1% to $8.157 billion compared to 2024, with foreign currency movement contributing approximately 1.4 percentage points to revenue growth[178]. - Salaries, wages, and employee benefits in 2025 amounted to $3.424 billion, representing 42.0% of revenue, up from $3.377 billion or 41.8% in 2024[179]. - Operating income for 2025 was $656 million, accounting for 8.0% of revenue, slightly down from 8.2% in 2024[177]. - Net income for 2025 was $316 million, or 3.9% of revenue, compared to $387 million or 4.8% in 2024[177]. - Revenue in the North American LTL segment decreased 1.4% to $4.8 billion in 2025, with fuel surcharge revenue of $731 million compared to $785 million in 2024[198]. - Adjusted EBITDA for the North American LTL segment was $1.14 billion in 2025, up from $1.12 billion in 2024, driven by higher yield and lower purchased transportation[202]. - Revenue in the European Transportation segment increased 4.8% to $3.3 billion in 2025, with foreign currency movements contributing approximately 3.6 percentage points[205]. - Adjusted EBITDA for the European Transportation segment decreased to $147 million in 2025 from $158 million in 2024, primarily due to higher purchased transportation costs[206]. Risks and Challenges - Economic recessions and fluctuations in freight volumes in North America and Europe could materially affect the company's business and financial performance[91]. - The company may divest its European business, which could lead to a less diversified company and increased vulnerability to U.S. market conditions[100]. - The company faces risks related to currency exchange rate fluctuations, particularly with significant assets and earnings in euros and British pounds[106]. - Volatility in fuel prices can impact the company's fuel surcharge revenue and overall profitability[107]. - The company is exposed to risks from potential customer bankruptcies and financial distress, which could affect working capital needs and revenue[91]. - The effectiveness of the company's growth strategy, including acquisitions and market expansions, may be challenged by unfamiliarity with new markets and operational pressures[97]. - The company may incur ongoing costs and liabilities related to the divestiture of its European business, which could adversely affect its financial condition and results of operations[99]. - Fuel expenses are a significant cost for the company, impacting LTL carrier operations and third-party providers, with contracts including fuel surcharge programs to mitigate price increases[108]. - Decreases in fuel prices can reduce transportation service costs, potentially lowering revenues and margins for certain business lines[109]. - The company's fleet productivity historically decreases during winter, with extreme weather conditions disrupting operations and increasing costs[110]. - Climate change concerns have led to regulatory efforts that may increase compliance costs and operational disruptions, affecting the company's financial condition[111]. - The company relies heavily on information technology systems for operations, and failures in these systems could lead to significant operational difficulties and loss of revenues[120]. - The company faces risks related to cybersecurity, with potential breaches impacting business operations and reputation[117]. - The company has outstanding indebtedness, which could limit its ability to fund future capital expenditures and increase vulnerability to economic conditions[122]. - A shortage of qualified drivers in the transportation industry could adversely affect the company's ability to meet customer demand and profitability[129]. - The company may need to raise capital in the future to pursue growth strategies, and failure to do so could hinder its operational capabilities[125]. - Fluctuations in interest rates could adversely affect the company's financial position due to its floating rate credit facilities[127]. - The company faces challenges in attracting and retaining management talent, which could adversely affect its business and financial position[131]. - Labor disputes, including strikes and negotiations, could disrupt operations and negatively impact revenues and costs[132]. - The company has successfully avoided union representation in North America, with 19 out of 28 union elections resulting in a rejection of unionization as of December 31, 2025[135]. - The company is exposed to various types of litigation and claims that could result in significant expenditures and impact operations[136]. - Changes in income tax regulations, including the OECD's Pillar Two Global Anti-Base Erosion rules, may increase the company's effective tax rate and reduce cash flows starting in 2024[141]. - The company is subject to stringent governmental regulations, including emissions-control regulations, which could increase operating expenses[142]. - Future laws and regulations may require changes to operating practices, potentially increasing costs and impacting demand for services[145]. - The company is at risk of non-compliance with trade compliance and anti-corruption laws, which could lead to fines and reputational harm[148]. - The spin-offs of GXO and RXO may not qualify for tax-free treatment, potentially resulting in significant tax liabilities for the company and its stockholders[150]. - The company has received legal opinions regarding the tax-free qualification of its spin-offs, but there is no assurance that the IRS will not challenge this status[151]. Financial Management and Debt - The company amended its Senior Secured Term Loan Credit Agreement in February 2025, securing a total of $1.1 billion in refinancing term loan facilities[213]. - The Refinancing Term Loan B-2 Facility amounts to $700 million, maturing on May 24, 2028, while the Refinancing Term Loan B-3 Facility totals $400 million, maturing on February 1, 2031[213]. - A debt extinguishment loss of $5 million was recorded in Q1 2025 due to the refinancing[213]. - In the second half of 2025, the company repaid $115 million of outstanding principal under the Refinancing Term Loan B-2 Facility[214].

Financial Performance - For the full year of 2025, same store revenues increased by 2.6%, while same store expenses rose by 3.7%, resulting in a same store Net Operating Income (NOI) growth of 2.2%[10] - In Q4 2025, the company reported an Earnings Per Share (EPS) of $1.00, a decrease of 9.1% compared to Q4 2024, while the Funds from Operations (FFO) per share remained stable at $0.97[8] - The full year 2026 EPS guidance is set between $1.44 and $1.56, reflecting a significant decrease from the 2025 actual EPS of $2.94[12] - Total revenues for 2025 were $3.09 billion, an increase from $2.98 billion in 2024, with rental income contributing $3.09 billion[37] - Net income for 2025 was $1.15 billion, up from $1.07 billion in 2024, with net income attributable to common shares at $1.12 billion[37] - Funds from Operations (FFO) available to Common Shares and Units for 2025 was $1,538,580,000, up 4.7% from $1,469,710,000 in 2024[40] - Normalized FFO available to Common Shares and Units for 2025 was $1,558,403,000, compared to $1,521,606,000 in 2024, reflecting a growth of 2.4%[40] - Net income for the year ended December 31, 2025, was $1,151,949,000, an increase of 7.5% from $1,070,975,000 in 2024[40] - The actual EPS for Q4 2025 was $1.00, with a projected decrease to a midpoint of $0.31 for Q1 2026 primarily due to lower expected property sale gains[31] - The actual FFO for Q4 2025 was $0.97 per share, with a projected decrease to a midpoint of $0.95 for Q1 2026 due to lower expected other expenses[32] Shareholder Returns - The company returned approximately $1.38 billion to shareholders through share repurchases and dividend payments over the past year[10] - The annual common share dividend for 2025 was $2.77 per share, amounting to over $1.0 billion[29] - The company repurchased approximately 3.4 million common shares at an average price of $61.06 per share, totaling around $205.7 million in Q4 2025[10] - The Company repurchased approximately 4.8 million common shares in 2025, representing 1.3% of outstanding shares, at an average price of $62.03, totaling approximately $300.0 million[27] - The company plans to invest approximately $200 million in share repurchases in the first half of 2026[131] Property Transactions - The company sold 11 properties for approximately $1.1 billion in 2025, while acquiring nine properties for about $636.8 million, indicating a net asset sale[10] - The company disposed of 6 consolidated rental properties for a sales price of $527,611,000, with a yield of -5.6%[47] - The company disposed of 11 consolidated rental properties for a total sales price of $1,122,061, yielding a 5.4%[50] - The company acquired a 25% interest in two previously unconsolidated properties in the Dallas/Ft. Worth market for approximately $18.8 million in cash and contributed $101.6 million for the repayment of construction loans[44] Development and Occupancy - The company completed a development project in San Francisco and Denver, totaling 495 apartment units at a cost of approximately $237.8 million in 2025[26] - The physical occupancy rate for the full year 2025 was reported at 96.4%, an increase from 96.2% in 2024[19] - The company completed 2 consolidated developments in Q4 2025, adding 495 units[50] - The occupancy rate for completed projects was reported at 100% for several properties, indicating strong demand[111] - Total same store residential units increased to 81,780 in Q4 2025, with an average rental rate of $3,111 and occupancy rate of 96.1%[71] Revenue and Expense Trends - Total same store revenues for 2025 were $2,821,804, a 2.6% increase from $2,749,354 in 2024[57] - Same store NOI for 2025 was $1,916,917, reflecting a 2.2% increase from $1,876,555 in 2024[57] - Total operating expenses for 2025 were $1.02 billion, an increase from $961.83 million in 2024, with Q4 2025 operating expenses at $254.37 million compared to $245.03 million in Q4 2024[168] - Operating expenses for Q4 2025 totaled $234.69 million, reflecting a 2.9% increase from Q4 2024[83] - Total Same Store Operating Expenses increased by 3.7% year-over-year to $904,887,000 in YTD 2025 from $872,799,000 in YTD 2024[85] Debt and Capital Structure - The Company entered into a new $2.5 billion unsecured revolving credit agreement, maturing in December 2030, replacing the previous facility[28] - Total debt as of December 31, 2025, was $8,175,010,000, with a weighted average interest rate of 3.76%[90] - The company’s debt to adjusted total assets ratio was 27.4%, well below the 60% limit[98] - Secured debt accounted for 19.4% of total debt, while unsecured debt made up 80.6%[90] - The Company has a $2.5 billion unsecured revolving credit facility, with $1,909,127 available as of December 31, 2025, after accounting for outstanding commercial paper and other restricted amounts[140] Future Outlook - The company expects 2026 same store revenue growth to be between 1.2% and 3.2%, with same store expense growth projected between 3.0% and 4.0%[10] - The company anticipates continued growth in rental revenues and NOI, driven by market expansion and new developments[66] - The company is focusing on market expansion and new product development to enhance its portfolio and drive future growth[169] - The company plans to enhance NOI through sustainability initiatives and property-level technology investments, alongside renovation expenditures[137] - The company anticipates normalized FFO per share for Q1 2026 to be between $1.44 and $1.56, indicating a positive outlook for future performance[163]

Financial Performance - Total revenue for the three months ended December 31, 2025, was $98,447,000, a decrease of 22.2% compared to $126,449,000 for the same period in 2024[16] - Gross profit for the three months ended December 31, 2025, was $61,562,000, representing a gross margin of 62.5%[16] - Net loss for the three months ended December 31, 2025, was $8,646,000, compared to a net loss of $11,509,000 for the same period in 2024, indicating a 25.5% improvement[16] - Operating expenses for the three months ended December 31, 2025, totaled $70,546,000, down from $91,505,000 in the same period of 2024, a reduction of 22.9%[16] - For the nine months ended December 31, 2025, the net loss was $26.347 million, a slight improvement from a net loss of $26.811 million for the same period in 2024[23] - Total revenue for the nine months ended December 31, 2025, was $308.3 million, a decrease of $60.5 million or 16.4% compared to $368.8 million in 2024[149] - Total gross profit for the nine months ended December 31, 2025, was $187.6 million, down $41.0 million or 17.9% from $228.6 million in 2024[152] Assets and Liabilities - Total current assets decreased to $137,878,000 as of December 31, 2025, down from $201,637,000 as of March 31, 2025, reflecting a decline of 31.6%[13] - Total liabilities decreased to $107,425,000 as of December 31, 2025, down from $161,109,000 as of March 31, 2025, a reduction of 33.3%[13] - Cash and cash equivalents were $21,683,000 as of December 31, 2025, significantly lower than $94,022,000 as of March 31, 2025, a decrease of 77.0%[13] - Stockholders' equity decreased to $81,245,000 as of December 31, 2025, down from $99,526,000 as of March 31, 2025, a decline of 18.4%[13] - Total cash, cash equivalents, and restricted cash decreased to $27.152 million at the end of the period from $119.985 million at the end of the previous year[24] Cash Flow - Cash flows from operating activities showed a net cash used of $21.807 million, compared to a net cash provided of $3.179 million in the prior year[23] - The company had a net cash used in financing activities of $45.763 million, significantly higher than $9.433 million in the previous year[23] - For the nine months ended December 31, 2025, the net cash used in operating activities was $21.8 million, compared to a net cash provided of $3.2 million in 2024[190][191] - Net cash used in investing activities was $2.7 million in 2025, down from $4.4 million in 2024, primarily due to software development costs and capital expenditures[192] - Net cash used in financing activities was $45.8 million in 2025, significantly higher than $9.4 million in 2024, mainly due to the repurchase of convertible notes[193] Revenue Breakdown - Direct to Consumer revenue for the three months ended December 31, 2025, was $79.6 million, down 25% from $106.1 million in 2024[53] - The company had one customer that accounted for 27% of gross accounts receivable as of December 31, 2025[46] - The company’s accounts receivable related to sales to customers within the Commerce segment represented 18.6% of total revenue for the nine months ended December 31, 2025[46] - Direct to Consumer segment revenue decreased to $79,580,000 in Q3 2025 from $106,119,000 in Q3 2024, representing a decline of 25.0%[99] - Commerce segment revenue decreased to $18,867,000 in Q3 2025 from $20,330,000 in Q3 2024, a decline of 7.2%[99] Expenses - Advertising and marketing expenses for Q3 2025 were $16,067,000, down from $27,364,000 in Q3 2024[100] - General and administrative expenses decreased to $54,479,000 in Q3 2025 from $64,141,000 in Q3 2024[100] - General and administrative expenses decreased by $21.8 million, or 11.4%, primarily due to lower shipping and fulfillment costs and decreased compensation expenses[156] - Advertising and marketing expenses decreased by $19.8 million, or 29.8%, attributed to reduced Direct to Consumer marketing spend[158] Stock and Equity - The company issued 119,761 shares for stock options exercised during the three months ended December 31, 2025[19] - The Company repurchased a total of 1,310,627 shares of common stock for $1.8 million at an average price of $1.35 during the nine months ended December 31, 2025[70] - The Board approved an increase of 8,480,573 shares under the 2021 Stock Plan in April 2025, with 11,553,222 shares available for grant as of December 31, 2025[74] - The Company granted equity awards for 25,000 shares and 1,087,500 shares during the nine months ended December 31, 2025 and 2024, respectively, with weighted average exercise prices of $1.26 and $1.37[81] Debt and Financing - As of December 31, 2025, the Company had no outstanding debt, down from $42.6 million as of March 31, 2025[57] - The Company repurchased $45.0 million of the 2025 Convertible Notes for a total cash purchase price of $44.4 million, recognizing a gain on debt extinguishment of $1.8 million[61] - The Credit Facility with Western Alliance Bank has a borrowing limit of $35.0 million, with no outstanding borrowings as of December 31, 2025[64][68] - The Company intends to enter into a longer-term renewal of the Credit Facility, which is set to mature on March 2, 2026[64] Litigation and Risks - The Company is involved in ongoing litigation, with a trial scheduled for September 8, 2027, but is unable to quantify potential liabilities at this time[89] - The company is involved in ongoing litigation, including a class action complaint related to a previous acquisition, with trial scheduled for September 2027[204] - The company faces risks related to customer acquisition costs and the effectiveness of its marketing strategies, which could adversely affect revenue growth[209] - The company relies on digital channels for customer engagement, and changes in these platforms could impact marketing effectiveness and brand awareness[210] Non-GAAP Measures - The company reports Non-GAAP financial measures, including Adjusted Net Loss and Adjusted EBITDA, to provide additional insights into performance[163] - Adjusted Net Loss for Q3 2025 was $(4,420) thousand, compared to $(3,931) thousand in Q3 2024, reflecting an increase in losses[172] - Adjusted EBITDA for Q3 2025 was $(1,608) thousand, slightly improved from $(1,555) thousand in Q3 2024[173] - Free Cash Flow for Q3 2025 was $1,562 thousand, a recovery from $(1,964) thousand in Q3 2024[175]

Financial Performance - For Q4 2025, Cousins Properties reported a net loss of $3.5 million, or $0.02 per share, compared to a net income of $13.6 million, or $0.09 per share in Q4 2024, primarily due to impairment charges[13]. - For the full year 2025, net income available to common stockholders was $40.5 million, or $0.24 per share, down from $46.0 million, or $0.30 per share in 2024, also due to impairment charges[13]. - Net income available to common stockholders for Q4 2025 was a loss of $3,467 compared to a profit of $13,636 in Q4 2024, resulting in a net income per share of $(0.02) versus $0.09[34]. - The company reported a net income (loss) of $(3,468,000) for the fourth quarter of 2025, resulting in a diluted loss per share of $(0.02)[123]. - The company anticipates a net operating income of $41,252,000 for the year ended December 31, 2025[128]. Funds From Operations (FFO) - Funds From Operations (FFO) for Q4 2025 was $119.5 million, or $0.71 per share, an increase from $108.9 million, or $0.69 per share in Q4 2024[13]. - Full year 2025 FFO was $478.4 million, or $2.84 per share, compared to $414.1 million, or $2.69 per share in 2024[13]. - FFO (Funds From Operations) for Q4 2025 is expected to be $119,537 million, totaling $478,401 million for the year[116]. - The projected Funds From Operations (FFO) for 2026 is estimated to be between $485.2 million and $502.1 million, translating to a per share amount of $2.87 to $2.97[130]. Revenue and Income Growth - Rental property revenues for Q4 2025 were $253,344, up 15.0% from $220,221 in Q4 2024, with total revenues for the year reaching $993,816, a 15.9% increase from $856,758 in 2024[34]. - Same property net operating income (NOI) on a cash-basis increased by 0.03% for Q4 2025[13]. - Same Property Net Operating Income for Q4 2025 was $139.9 million, slightly up from $139.3 million in the same quarter last year, showing a marginal increase of 0.4%[129]. - Total Net Operating Income for 2024 is projected to be $673.3 million, an increase from $570.3 million in 2023, representing a growth of approximately 18.1%[50]. Leasing Activity - Cousins executed 700,000 square feet of office leases in Q4 2025, with 493,000 square feet being new and expansion leases, representing 70% of total leasing activity[12]. - The company has a late-stage leasing pipeline of approximately 1.1 million square feet[12]. - The company completed 39 transactions in office leasing activity, totaling 700,129 square feet, with a net effective rent of $22.68 per square foot for new leases[74]. Asset and Liability Management - Total assets increased to $8,890,132 in 2025 from $8,802,146 in 2024, representing a growth of 1.0%[32]. - Total liabilities rose to $4,187,930 in 2025 from $3,931,979 in 2024, marking an increase of 6.5%[32]. - The company reported a total stockholders' investment of $4,679,590 in 2025, down from $4,846,678 in 2024, reflecting a decrease of 3.4%[32]. - Cash and cash equivalents decreased to $5,720 in 2025 from $7,349 in 2024, a decline of 22.1%[32]. Market and Property Development - The company closed on the acquisition of 300 South Tryon, a 638,000 square foot lifestyle office property in Uptown Charlotte, for $317.5 million[22]. - Cousins plans to sell Harborview Plaza for gross proceeds of $39.5 million and a land parcel in Charlotte for $23.7 million, with expected closings in 2026[22]. - The company is focused on optimizing existing properties while exploring new development opportunities to drive future growth[48]. - The company plans to hold the Domain 4 site for future development, which is currently not generating income but is part of the development pipeline[54]. Debt and Interest Management - Total consolidated debt amounts to $3,357,127,000, with fixed rate debt comprising 86% and floating rate debt comprising 14%[105]. - The weighted average interest rate for total debt is 4.98%, with floating rate debt at 5.22% and fixed rate debt at 4.94%[105]. - The company has $116 million drawn under its credit facility, with an additional borrowing capacity of $884 million[107]. - Interest expense increased to $42.5 million in Q4 2025 from $33.1 million in Q4 2024, marking a rise of 28.5%[129]. Strategic Outlook - Cousins Properties provided initial earnings guidance for 2026, projecting net income between $0.23 and $0.33 per share and FFO between $2.87 and $2.97 per share[22]. - The company plans to continue focusing on market expansion and new product development as part of its strategic initiatives moving forward[130]. - The overall strategy includes market expansion and potential acquisitions to enhance property portfolio and revenue streams[48].

Bloom Energy Reports Fourth Quarter and Full Year 2025 Financial Results with Record Full Year Revenues SAN JOSE, Calif., February 5, 2026—Bloom Energy Corporation (NYSE: BE) reported today its financial results for the fourth quarter and the full year ended December 31, 2025. The company had record revenue of $2.02 billion for the full year driven by significant growth from the AI data center industry and continued strong demand from the C&I business. Full Year Highlights Fourth Quarter Highlights Product ...