Ispire Technology (ISPR) - 2026 Q2 - Quarterly Report
2026-02-06 21:30
OR ☐ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission file number: 001-41680 Ispire Technology Inc. (Exact name of registrant as specified in its charter) 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 Delaware 93-1869878 (I.R.S. Employer ( ...
Greene nty Bancorp(GCBC) - 2026 Q2 - Quarterly Report
2026-02-06 21:30
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OF 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES EXCHANGE ACT Commission File Number: 0-25165 GREENE COUNTY BANCORP, INC. (Exact Name of Registrant as Specified in its Charter) United States 14-1809721 (State or other jurisdiction of incorporation or organization) (I.R ...
Aptiv(APTV) - 2025 Q4 - Annual Report
2026-02-06 21:29
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: 001-35346 APTIV PLC (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer inc ...
Wolfspeed(WOLF) - 2026 Q2 - Quarterly Report
2026-02-06 21:20
Financial Performance - For the period from September 30, 2025, to December 28, 2025, net revenue was $168.5 million, a decrease of $12 million or 6.6% compared to the three months ended December 29, 2024, which had revenue of $180.5 million[203]. - The cost of revenue for the Successor period was $246.8 million, resulting in a gross loss of $78.3 million, compared to a gross loss of $37.2 million in the prior period[203]. - Net loss for the Successor period was $150.6 million, compared to a net income of $1,063.8 million in the prior period, reflecting a significant change due to the restructuring[203]. - The operating loss for the Successor period was $158.4 million, an improvement of $164.6 million or 51.0% compared to an operating loss of $323.0 million in the previous period[203]. Revenue Breakdown - Power products generated $118.3 million in revenue, accounting for 70.2% of total revenue, while materials products contributed $50.2 million, representing 29.8%[203]. - Net sales of Power Product offerings increased to $118.3 million, representing 70.2% of total revenue, driven by automotive and industrial applications[212]. - Net sales of Materials Product offerings decreased due to lower volumes, with a significant drop in revenue from long-term supply agreements compared to fiscal 2025[206]. Expenses - Research and development expenses were $24.9 million, a decrease of $19 million or 43.9% compared to $44.4 million in the previous period[203]. - Sales, general and administrative expenses were $29.4 million, down by $22 million or 42.5% from $51.1 million in the prior period[203]. - Restructuring and other operating expenses decreased by 83% to $28.2 million, primarily due to reduced restructuring charges[208]. - Research and development costs decreased to $24.9 million, reflecting planned reductions in wafer spend and lower personnel costs[212]. Cash Flow and Liquidity - Cash and cash equivalents increased to $1,028.8 million as of December 28, 2025, up $561.6 million from $467.2 million on June 29, 2025[217]. - Net cash used in operating activities for the period from September 30, 2025, to December 28, 2025, was ($42.6) million, a decrease of approximately $262 million compared to the same period in the previous year[217]. - Cash provided by investing activities increased by $1.3 billion compared to the six months ended December 29, 2024, primarily due to a planned decrease in capital expenditures and receipt of $700 million in refundable tax credits[221]. - Net cash used in financing activities increased by $617 million, primarily due to $565 million used to repay senior secured notes related to Chapter 11[221]. - The company reduced its overall debt by approximately 70%, or $4.6 billion, following the emergence from Chapter 11[218]. - The company has take-or-pay inventory supplier agreements requiring a minimum of $174 million in purchases over the next four years[219]. - As of December 28, 2025, the company did not have any off-balance sheet arrangements, ensuring liquidity and capital resources are not subject to off-balance sheet risks[222]. Strategic Focus - The company is focused on accelerating its path to profitability, advancing technology leadership, and driving operational excellence as part of its long-term growth strategy[198]. - The company continues to explore opportunities for product adoption in new industries such as AI, datacenters, grid modernization, and renewable energy[199]. - The company continues to evaluate strategic opportunities, including potential acquisitions and joint ventures, and may access capital markets for funding[220]. Accounting and Restructuring - The company emerged from Chapter 11 bankruptcy on September 29, 2025, adopting fresh start accounting, which resulted in a new basis of accounting[195][196]. - A $23 million increase in work-in-progress and finished goods inventory was recognized in cost of revenue due to fresh start accounting[206]. - Interest expense decreased significantly due to lower outstanding debt obligations following the emergence from Chapter 11[210]. - Non-operating expense increased to $67 million, primarily due to changes in the fair value of liability-classified derivative contracts[211]. - The company expects to incur significant underutilization costs until market demand meets production capacity[206]. - The company emerged from Chapter 11 on September 29, 2025, issuing new secured financing totaling $2.1 billion, including $1.3 billion in new Senior Secured Notes due 2030[215].
Synchrony(SYF) - 2025 Q4 - Annual Report
2026-02-06 21:18
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 001-36560 (Commission File Number) SYNCHRONY FINANCIAL (Exact name of registrant as specified in its charter) Delaware 51-0483352 (State or Other Jurisdiction o ...
Power Integrations(POWI) - 2025 Q4 - Annual Report
2026-02-06 21:16
Table of Contents 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 000-23441 POWER INTEGRATIONS, INC. (Exact name of registrant as specified in its charter) Delaware 94-3065014 (State or ...
MAA(MAA) - 2025 Q4 - Annual Report
2026-02-06 21:16
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 001-12762 (Mid-America Apartment Communities, Inc.) Commission File Number 333-190028-01 (Mid-America Apartments, ...
Crane Harbor Acquisition Corp-A(CHAC) - 2025 Q4 - Annual Report
2026-02-06 21:15
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 ___________ Commission File Number 001-42617 CRANE HARBOR ACQUISITION CORP. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-18 ...
Crane Harbor Acquisition Corp Unit(CHACU) - 2025 Q4 - Annual Report
2026-02-06 21:15
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) (Exact Name of Registrant as Specified in Its Charter) Cayman Islands 98-1830736 (State or Other Jurisdiction of Incorporation or Organization) 1845 Walnut Street, Suite 1111, Philadelphia, PA 19103 ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Address of Principal Executive Offices) (Zip Code) For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTI ...
i3 Verticals(IIIV) - 2026 Q1 - Quarterly Report
2026-02-06 21:12
Financial Position - As of December 31, 2025, the company had $37.5 million in cash and cash equivalents and $400.0 million available under its 2023 Senior Secured Credit Facility, maintaining compliance with financial covenants[258]. - Cash and cash equivalents as of December 31, 2025, were $37.5 million, with available borrowing capacity of $400.0 million under the 2023 Senior Secured Credit Facility[293]. - The consolidated interest coverage ratio was 94.9x and the total leverage ratio was 0.0x as of December 31, 2025, indicating strong financial health[319]. - The company maintained a consolidated interest coverage ratio of 94.9x and a total leverage ratio of 0.0x as of December 31, 2025, in compliance with financial covenants[295]. - The 2023 Senior Secured Credit Facility provides aggregate commitments of $400.0 million, with the ability to seek additional commitments based on consolidated EBITDA[306]. - The 2023 Senior Secured Credit Facility consists of a $400 million revolving credit facility, with no borrowings outstanding as of December 31, 2025[344]. - The interest rate on the 2023 Senior Secured Credit Facility is based on Term SOFR plus an applicable margin of 2.00% to 3.00%[343]. - The company is in compliance with financial covenants, maintaining a minimum consolidated interest coverage ratio of 3.0 to 1.0 and a maximum total leverage ratio of 5.0 to 1.0[344]. - As of December 31, 2025, the company had contractual obligations totaling $26.645 million, with $12.391 million due within one year[324]. Revenue and Income - The company generates revenue from software and related services, including subscriptions, recurring services, and volume-based payment processing fees[268]. - Annualized recurring revenue (ARR) for the three months ended December 31, 2025, was $169.6 million, an increase of 8.4% from $156.4 million in the same period of 2024[278]. - Total revenue for the three months ended December 31, 2025, was $52.7 million, a 0.9% increase from $52.2 million in the same period of 2024, driven by a $3.3 million increase in recurring revenues[282]. - Net income from continuing operations for the three months ended December 31, 2025, was $1.1 million, a decrease of 61.1% from $2.8 million in the same period of 2024[281]. - The company’s net income decreased from $3.1 million for the three months ended December 31, 2024, to $0.9 million for the same period in 2025[302]. Expenses - Operating expenses for the three months ended December 31, 2025, totaled $51.1 million, an increase of 1.8% from $50.2 million in the same period of 2024[281]. - Selling, general and administrative expenses encompass salaries, professional services, and other operational costs[271]. - Selling, general and administrative expenses rose by 1.9% to $27.0 million for the three months ended December 31, 2025, driven by increased personnel costs[284]. - Other costs of services include personnel costs for software installation and customer support, as well as losses from chargebacks[270]. - Other costs of services increased by 12.9% to $17.6 million for the three months ended December 31, 2025, primarily due to a $1.6 million increase in software costs[283]. Cash Flow - Net cash provided by operating activities increased by $2.6 million to $14.1 million for the three months ended December 31, 2025, compared to $11.5 million for the same period in 2024[300]. - Net cash used in financing activities increased by $30.0 million to $40.5 million for the three months ended December 31, 2025, from $10.5 million for the same period in 2024, primarily due to a $26.7 million increase in stock repurchase payments[304]. - Net cash used in investing activities increased by $0.4 million to $1.8 million for the three months ended December 31, 2025, compared to $1.4 million for the same period in 2024[303]. - The company’s net cash provided by operating activities was impacted by a $4.9 million increase in cash from changes in net operating assets and liabilities during the three months ended December 31, 2025[301]. Business Transactions - The company completed the sale of its Healthcare RCM Business for $96.3 million in cash on May 5, 2025, reclassifying the results as discontinued operations[259][260]. - The sale of the Merchant Services Business was finalized on September 20, 2024, for approximately $439.5 million in cash, also reflected as discontinued operations[261][263]. - A recent acquisition effective January 1, 2026, involved a business in the transportation market for $60.0 million in cash, with potential contingent consideration of up to $20.0 million based on financial performance[265]. - The company repurchased $90.8 million in aggregate principal amount of its Exchangeable Notes for $87.4 million on January 18, 2024[321]. - The company announced a new share repurchase program authorizing the repurchase of up to $60.0 million of Class A common stock[329]. - The previous share repurchase program, which authorized up to $50.0 million, has been fully expended[332]. - Under the August 2025 Share Repurchase Program, the company repurchased 1,522,838 shares at an average price of $24.88, totaling $38.3 million[334]. - The August 2024 Share Repurchase Program resulted in the repurchase of 1,573,881 shares at an average price of $23.86, totaling $38.0 million[337]. Economic Environment - The company operates in a challenging economic environment characterized by inflationary pressures and elevated interest rates, impacting financial results[257]. - A 10% change in foreign currency exchange rates would not have had a material impact on the company's consolidated results for the three months ended December 31, 2025[345]. Valuation and Fair Value - The company uses a Monte Carlo simulation to assess the fair value of contingent consideration related to acquisitions[326].