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 ( ...

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 ...

Corporate Structure and Transactions - In December 2024, Old Aptiv completed a reorganization transaction, resulting in the establishment of a new publicly-listed parent company, Aptiv Holdings Limited, with shares trading on NYSE under the symbol "APTV"[18]. - The company incurred approximately $178 million in costs related to the Separation of its Electrical Distribution Systems business, which is expected to be completed by April 1, 2026[24]. - Aptiv's Electrical Distribution Systems segment is expected to be spun off into a new independent publicly traded company, treated as a tax-free transaction for shareholders[55]. - The company is pursuing a plan to separate its Electrical Distribution Systems business into an independent publicly traded company, Versigent, with the separation expected to be treated as a tax-free spin-off[184]. - The anticipated costs associated with the separation are approximately $178 million for the year ended December 31, 2025[186]. - The effective corporate income tax rate for the new entity in Switzerland may reach a maximum of approximately 15% in 2025, depending on taxable net profit and respective cantonal/communal multipliers[181]. - The company intends to enter into a tax matters agreement with Versigent to protect the tax-free treatment of the Separation and related transactions[194]. - If the Separation does not qualify for non-recognition under Section 355, it could result in material tax liabilities adversely affecting the company's financial condition[193]. Market and Sales Performance - In 2025, 29% of Aptiv's net sales came from the Asia Pacific region, identified as a key market for long-term growth[34]. - The company's ten largest customers accounted for approximately 56% of total net sales for the year ended December 31, 2025, with an individual Global OEM contributing about 10%[59]. - The five largest customers accounted for approximately 42% of total net sales for the year ended December 31, 2025, indicating significant reliance on a few key clients[118]. - Approximately 64% of net revenue for the year ended December 31, 2025, came from sales outside the U.S., exposing the company to foreign currency fluctuations that could negatively affect financial results[139]. - The European market accounted for approximately 32% of the company's net sales for the year ended December 31, 2025, indicating significant exposure to geopolitical risks[150]. Production and Manufacturing - Global automotive vehicle production increased by 4% from 2024 to 2025, with a 10% increase in China, while North America and Europe saw declines of 2% and 1%, respectively[38]. - The company operates 139 major manufacturing facilities and 11 major technical centers across 50 countries, employing approximately 20,700 scientists, engineers, and technicians[29]. - The company has a presence in Europe, North America, Asia Pacific, and South America, with a total of 139 manufacturing sites distributed as follows: 48 in North America, 43 in Europe, Middle East & Africa, 43 in Asia Pacific, and 5 in South America[214]. - Of the 139 major manufacturing sites, 66 are primarily owned and 84 are primarily leased[215]. - The company has seen an increase in its balance of productive, raw, and component material inventories due to recent production volatility and cancellations, driven by global supply chain disruptions[63]. - The company’s ability to maintain market share in China is critical, as increased competition and economic conditions could materially affect business results[108]. - Manufacturing challenges arise from variations in customer demand and inventory management, complicating production scheduling and capacity utilization[129]. Financial Performance and Risks - The cyclical nature of automotive sales and production directly impacts Aptiv's earnings and cash flows, with economic conditions playing a significant role[100][101]. - The company recorded a non-cash, pre-tax goodwill impairment charge of approximately $648 million related to the Wind River reporting unit due to unfavorable changes in economic conditions[135]. - The company recorded non-cash impairment charges of $11 million during the year ended December 31, 2023, due to the cessation of certain long-lived assets in Ukraine[150]. - Significant fluctuations in global prices of materials, including copper and semiconductors, have negatively impacted profitability, with ongoing efforts to pass costs onto customers being limited by competitive pressures[127]. - Labor strikes involving major customers like GM, Ford, and Stellantis have adversely impacted financial condition and operating results for the year ended December 31, 2023[137]. - The company faces risks related to the timely launch of new products, as delays in customer product programs could adversely affect operational efficiency and financial results[116]. - The company may incur future asset impairment and restructuring charges as it realigns production capacity and cost structure to meet market requirements[134]. Sustainability and Environmental Initiatives - Aptiv's commitment to sustainability includes reducing its carbon footprint, waste generation, and water consumption across global operations[77]. - Aptiv aims to reduce Scope 1 and 2 absolute CO2e emissions by 100% and Scope 3 emissions by 47% by 2030, using 2021 as the baseline year[81]. - The company targets a waste recycling rate of 80%, focusing on reducing and managing waste across manufacturing operations and offices[80]. - Approximately 92% of Aptiv's manufacturing sites were certified under ISO 45001 for occupational health and safety as of December 31, 2025, with a goal to certify all sites by 2026[76]. - The company maintains annual certification of all major manufacturing sites to the ISO 14001 standard, ensuring compliance with environmental management practices[81]. - The company has environmental reserves of approximately $4 million as of December 31, 2025, for the cleanup of known environmental contamination conditions[169]. - Environmental laws and regulations may impose significant operational restrictions and costs, affecting the company's financial condition[170]. Cybersecurity and Regulatory Compliance - The company has a risk-based cybersecurity program to protect its data and systems, which is crucial for effective operations[199]. - The Board of Directors actively oversees cybersecurity risks through the Audit Committee and Innovation and Technology Committee[210]. - The company has not identified any cybersecurity threats that materially affect its business strategy or financial condition in 2025[213]. - The company is subject to various laws and regulations, including environmental and safety regulations, which could increase operational costs and affect financial performance[166]. Strategic Partnerships and Acquisitions - Aptiv acquired Wind River Systems, Inc. in December 2022 to enhance its capabilities in software-defined mobility and intelligent edge solutions[47]. - The company has completed several acquisitions, including Wind River and Intercable Automotive Solutions S.r.l. in 2022, and plans to continue pursuing strategic alliances to enhance its customer base and geographic penetration[153]. - The company is focused on developing automated driving solutions and has partnered with industry leaders to advance technology commercialization[48]. Supply Chain and Operational Challenges - Aptiv's operations are affected by supply chain disruptions, which could lead to increased operating costs and decreased profit margins due to reliance on just-in-time delivery methods[94][95]. - The company is actively monitoring its global supply chain to mitigate the impact of disruptions on its business[99]. - Supplier disruptions, particularly with sole-source suppliers, pose risks for delivery delays and production issues, potentially harming profitability[125]. - The automotive industry is experiencing a semiconductor shortage, which has adversely impacted vehicle production schedules and sales, affecting financial results for the year ended December 31, 2023[118]. - The conflict in Ukraine and Russia has increased the possibility of supply chain disruptions and volatility in the prices of raw materials, which could adversely impact the company's operations[149]. - The company is increasing its manufacturing footprint in Asian markets, including China, as part of its long-term strategy, which may expose it to greater risks from geopolitical tensions[152].

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].

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 ...

Market Expansion and Product Development - The company has expanded its served available market (SAM) to approximately $5 billion since 2010 by introducing products for higher-power AC-DC applications, LED drivers, and entry into the gate-driver market [20]. - The company’s proprietary PowiGaN™ technology, introduced in 2019, allows for higher energy efficiency and supports voltages up to 1700 volts, enabling the development of new products for higher-power applications [21][22]. - The company’s EcoSmart™ technology significantly reduces energy consumption during standby and no-load conditions, helping customers meet stringent energy efficiency regulations [30]. - The company’s InnoSwitch™ product family, which integrates primary, secondary, and feedback circuits, has been enhanced with GaN transistors rated at 900 volts and 1250 volts, with new versions featuring 1700 volts expected in 2024 [34]. - The BridgeSwitch™ family of motor-driver ICs, introduced in 2018, has been extended to address applications up to approximately 746 watts, targeting various consumer and industrial applications [37]. - The company aims to leverage its proprietary GaN technology to address higher-power applications, including power supplies for data centers and onboard charging circuitry for electric vehicles [22]. - The company continues to develop technologies that increase the value and average selling prices of its products, contributing to market expansion [21]. - The company’s growth strategy focuses on increasing market penetration and expanding its addressable market through advanced product offerings and enhanced customer support tools [18]. Financial Performance - Net revenue for 2025 was $443.5 million, an increase of 5.4% from $419.0 million in 2024, driven by higher sales in the industrial end-market and electric vehicles [192]. - Gross profit for 2025 was $241.6 million, representing a gross margin of 55%, up from 54% in 2024, attributed to manufacturing efficiencies and a favorable end-market mix [197]. - Total operating expenses in 2025 were $231.5 million, an increase of $24.6 million compared to 2024, primarily due to higher stock-based compensation and legal expenses [198]. - The company's top ten customers accounted for approximately 81% of net revenue in 2025, with international sales representing about 98% of total revenue [193]. - The cost of revenue as a percentage of net revenue decreased to 45.5% in 2025 from 46.4% in 2024, indicating improved cost management [207]. - Net income for 2025 was 5.0% of net revenue, down from 7.7% in 2024, reflecting increased operating expenses [207]. - The reserve for ship-and-debit claims increased by $7.2 million between December 31, 2025, and December 31, 2024, due to higher inventory levels held by distributors [204]. - The company has exhausted its stock repurchase authorization as of December 31, 2025, with no amounts available for future repurchases [179]. - The board of directors authorized an additional $50.0 million for stock repurchases in April 2025, contingent on financial conditions [178]. Customer and Market Dynamics - In 2025, the company's net revenue was categorized as follows: Communications 12%, Computer 13%, Consumer 37%, and Industrial 38% [44]. - The top ten customers accounted for approximately 81% of net revenue in 2025, with two distributors each exceeding 10% of revenue [49]. - Approximately 98% of the company's net revenue for the years ended December 31, 2025, 2024, and 2023 was generated by sales to customers outside of the U.S. [94]. - International sales accounted for 98% of net revenue in both 2025 and 2024, with sales to the Asia region representing approximately 84% of net revenue [208][209]. - The consumer end-market represented 37% of net revenue in 2025, a decrease from 39% in 2024, while the industrial end-market increased to 38% from 35% [208]. Employee and Operational Insights - The company employs 877 full-time personnel across 15 countries, with 39% in North America and 61% in the Asia-Pacific region and Europe [63]. - Power Integrations covers 85% of employee health insurance costs in 2025, with 96% of eligible U.S. employees participating in the 401(k) plan [64]. - The company achieved a 78% employee satisfaction rate in the 2025 Great Place to Work survey, significantly higher than the 57% average for U.S. companies [64]. - The average employee tenure at Power Integrations is nearly 7.5 years, contributing to below-average turnover rates in the industry [64]. - The headcount at the end of 2025 was 301, a decrease from 311 in 2024 [212]. Risks and Challenges - The company faces risks related to volatile operating results, with significant fluctuations in net revenue and operating results historically [78]. - Power Integrations is dependent on a limited number of applications, such as consumer appliances and cellphone chargers, for a significant percentage of its net revenue [81]. - The company is exposed to risks from global trade policies, including tariffs that could adversely affect revenue and operating results [86]. - Economic downturns and disruptions in end markets could lead to decreased demand for Power Integrations' products, impacting net revenue [84]. - Changes in international trade relations, particularly between the U.S. and China, could further decrease demand for products incorporating Power Integrations' technologies [88]. - The company faces significant risks related to international sales, including tariffs, trade barriers, and geopolitical tensions, which could adversely affect revenue and operating results [98]. - The company does not have long-term contracts with customers, leading to unpredictable ordering patterns and potential cancellations that could harm business performance [96]. - The company relies on third-party suppliers for wafers, with contracts expiring in December 2028 and December 2035, and any disruption in supply could significantly impact operations [114]. - The high-voltage power supply industry is intensely competitive, with pricing pressures that could lead to decreased average selling prices and reduced sales volume [110]. - The company has experienced delays in new product development, which could hinder its ability to generate demand and compete effectively in the market [97]. - Compliance with complex import and export regulations may increase operational costs and affect sales opportunities [91]. - The company’s products must meet demanding quality specifications, and any defects could lead to significant costs and damage to reputation [103]. - The company’s international sales are denominated in U.S. dollars, making products more expensive in foreign markets when the dollar strengthens [95]. - Rising commodity prices could increase raw material costs for suppliers, potentially impacting gross margins if these costs cannot be passed on to customers [118]. - Limited availability of certain materials, particularly rare earth elements, may restrict manufacturing capabilities and competitiveness against other semiconductor manufacturers [119]. - The company faces intense competition for qualified personnel, and the loss of key employees could adversely affect business operations [120]. - Changes in management can disrupt operations, especially given the lengthy sales cycle and capital investments required [121]. - The cyclical nature of the power supply industry can lead to significant fluctuations in revenue and gross margin, particularly during downturns [125]. - Demand for products is difficult to predict across different end markets, which may lead to revenue reductions and lower gross margins [126]. - The company is currently involved in patent litigation, which could result in significant legal costs and potential loss of rights to use certain technologies [138]. - Changes in tax regulations, such as the "One Big Beautiful Bill Act," could adversely affect effective tax rates and result in additional costs [139]. - The EU member states adopted the EU's Pillar Two Directive, establishing a 15% minimum effective tax rate for multinational corporations, impacting future financial conditions [140]. - Changes in environmental laws and regulations may negatively affect customer demand and increase inventory costs related to obsolescence [142]. - The semiconductor industry faces heightened environmental regulations, which could increase costs and adversely affect operating results [143]. - Customer preferences are shifting due to climate change awareness, potentially increasing operational costs and impacting profitability [144]. - The company is exposed to risks associated with acquisitions and strategic investments, which may not meet desired objectives [148]. - Integration difficulties from acquisitions could prevent the realization of expected benefits and cost savings [149]. - Compliance with securities laws and regulations imposes significant legal and financial costs, affecting overall management burden [150]. Technological and Operational Infrastructure - The company utilizes a fabless manufacturing model, contracting with three foundries for silicon wafer production, which allows for minimized capital expenditures [55]. - Independent foundries and subcontractors are critical for wafer production and assembly; any failure in their yield could lead to a decline in net revenue and gross margin [117]. - Research and development (R&D) expenses increased to $101.1 million in 2025, a slight increase of 0.3% from $100.8 million in 2024, driven by higher salaries and outside engineering services [212]. - The company owns various facilities, including an R&D facility in New Jersey and a design center in Germany, to support its operations [173]. - The company has established a Cybersecurity Committee to oversee information technology use and data security, reporting quarterly to the board [170].

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, ...

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 ...

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 ...

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].