Financial Performance - Revenue for Q1 FY2026 was $220.8 million, an increase of 9.6% compared to $201.4 million in Q1 FY2025[4] - Net income decreased to $12.8 million, down $9.3 million from $22.2 million in the prior year, primarily due to strategic growth expenses[5] - Adjusted EBITDA was $27.1 million, a decrease of 23.5% from $35.5 million in the same period last year, impacted by $7.6 million in strategic growth investments[5] - Revenues for the three months ended December 31, 2025, increased to $220,844 thousand from $201,429 thousand, representing a growth of 9.5% year-over-year[22] - Net income decreased to $12,827 thousand, down from $22,153 thousand, reflecting a decline of 42.2% compared to the same period last year[22] - Adjusted EBITDA for the three months ended December 31, 2025, was $27,148,000, compared to $35,505,000 for the same period in 2024, reflecting a decline of 23.5%[32] - Free cash flow for the three months ended December 31, 2025, was $(19,158,000), a significant decrease from $19,617,000 in the same period of 2024[33] - The company reported a net cash provided by operating activities of $3,084,000 for the three months ended December 31, 2025, down from $22,962,000 in 2024[33] Student Enrollment and Growth - Average full-time active students increased by 7.2% to 26,858, with total new student starts rising by 2.6% to 5,449[4] - Total new student starts for the quarter were 5,449, a year-over-year increase of 2.6%, with UTI showing a growth of 5.1%[28] - Average full-time active students rose to 26,858, marking a year-over-year growth of 7.2%[28] Operating Expenses - Operating expenses rose by 17.9% to $205.2 million, driven by growth in student numbers and strategic growth expenses[5] - Total operating expenses increased to $205,157 thousand from $173,951 thousand, a rise of 17.9% year-over-year[22] - Compensation and benefits expenses increased to $108,446,000 in Q4 2025, up from $94,767,000 in Q4 2024, marking a rise of 14.4%[31] - Advertising expenses rose to $25,206,000 in Q4 2025, compared to $21,228,000 in Q4 2024, an increase of 18.8%[31] - Depreciation and amortization expenses for the consolidated entity were $8,905,000 in Q4 2025, compared to $7,999,000 in Q4 2024, reflecting an increase of 11.3%[31] - Corporate support expenses were reported as $(26,757,000) in Q4 2025, indicating a significant increase in corporate costs compared to $(19,817,000) in Q4 2024[31] Financial Position - Total available liquidity as of December 31, 2025, was $233.2 million, including $93.6 million in cash and cash equivalents[8] - Total debt at the end of Q1 FY2026 was $101.4 million, with $35.0 million drawn on the revolving credit facility[8] - Total assets as of December 31, 2025, were $833,961 thousand, compared to $826,139 thousand as of September 30, 2025[25] Strategic Initiatives - The company plans to open four new campus locations, pending regulatory approvals[4] - The company is focused on addressing the skilled labor gap through partnerships and innovative pathways, enhancing its position as a workforce solutions provider[3] - The company centralized operations in accounting, finance, IT, HR, and real estate to enhance efficiency and support growth initiatives[29] Shareholder Information - The weighted average number of shares outstanding increased to 55,744 thousand from 55,406 thousand[22] - The company reported a provision for credit losses of $7,785 thousand, significantly higher than $2,101 thousand in the prior year[27] - The company incurred integration-related costs of $51,000 for completed acquisitions in Q4 2025, compared to $700,000 in 2024[32]

Financial Performance - Symbotic reported Q1 FY 2026 revenue of $630 million, a 29% increase year-over-year, and net income of $13 million, compared to a net loss of $17 million in Q1 FY 2025[3]. - Adjusted EBITDA for Q1 FY 2026 reached $67 million, significantly up from $18 million in Q1 FY 2025[3]. - The company achieved a gross profit of $133.4 million in Q1 FY 2026, compared to $81 million in Q1 FY 2025[18]. - Operating income for Q1 FY 2026 was $6.5 million, a turnaround from an operating loss of $22.97 million in Q1 FY 2025[18]. - Net income for the three months ended December 27, 2025, was $13,358,000, compared to a net loss of $8,969,000 for the previous quarter[20]. - Adjusted EBITDA increased to $66,903,000 for the three months ended December 27, 2025, up from $49,440,000 in the prior quarter[20]. - Gross profit for the three months ended December 27, 2025, was $133,424,000, with an adjusted gross profit of $147,247,000, reflecting a gross profit margin of 21.2% and an adjusted gross profit margin of 23.4%[20]. Expenses - Research and development expenses for Q1 FY 2026 were $43 million, down from $43.3 million in Q1 FY 2025[18]. - Selling, general, and administrative expenses increased to $81.2 million in Q1 FY 2026 from $60.7 million in Q1 FY 2025[18]. - Research and development expenses were $43,006,000 for the three months ended December 27, 2025, with adjusted R&D expenses of $29,866,000[20]. - Selling, general, and administrative expenses totaled $81,219,000, with adjusted SG&A expenses of $50,463,000 for the same period[21]. Cash and Assets - Cash and cash equivalents totaled $1.8 billion at the end of Q1 FY 2026, reflecting a $574 million increase from the prior quarter[3]. - Free cash flow for the three months ended December 27, 2025, was $189,488,000, compared to $494,434,000 in the previous quarter[21]. - Total current assets increased to $2,458,202,000 as of December 27, 2025, from $1,884,860,000 as of September 27, 2025[25]. - Total assets reached $2,994,058,000 as of December 27, 2025, compared to $2,395,729,000 at the end of the previous quarter[25]. - Total liabilities increased to $2,033,847,000 as of December 27, 2025, from $1,917,984,000 as of September 27, 2025[25]. - Total stockholders' equity rose to $663,774,000 as of December 27, 2025, compared to $220,193,000 at the end of the previous quarter[25]. - Cash, cash equivalents, and restricted cash at the end of the period increased to $1,821,307 thousand from $1,247,193 thousand, representing a net increase of $574,114 thousand[28]. - The beginning cash balance was $1,247,193 thousand, which shows a significant increase compared to $780,640 thousand in the previous period[28]. - The net increase in cash, cash equivalents, and restricted cash for the period was $574,114 thousand, compared to $466,553 thousand in the prior period[28]. - Cash and cash equivalents alone reached $1,819,102 thousand, up from $1,244,993 thousand in the previous quarter[28]. - Restricted cash remained relatively stable, with a slight increase to $2,205 thousand from $2,200 thousand[28]. Future Outlook - For Q2 FY 2026, Symbotic expects revenue between $650 million and $670 million, and adjusted EBITDA of $70 million to $75 million[5]. - Symbotic's leadership emphasizes strong operational execution and product innovation as key drivers of profitability and growth[4]. - The company is focused on expanding its customer base and enhancing its technology offerings to meet future demand[10].

Operations and Facilities - As of December 31, 2025, the company operated 357 skilled nursing facilities with a total of 37,911 operational beds, generating approximately 46.6% of skilled services revenue from Medicaid and 24.7% from Medicare[26] - The company operates 373 facilities with a total of 37,911 skilled nursing beds and 3,402 senior living units as of December 31, 2025[81] - From January 1, 2021, to December 31, 2025, the company acquired 145 facilities, adding 14,739 operational skilled nursing beds and 1,148 senior living units[33] - In 2025, the company expanded operations by adding 40 skilled nursing operations and 5 senior living operations, contributing 4,175 skilled nursing beds and 313 senior living units[35] Revenue Sources - The company generated rental revenues of $126.9 million in 2025, with $107.6 million derived from independent subsidiaries, which were eliminated in consolidation[27] - Revenue is primarily derived from Medicaid, Medicare, managed care, and private pay patients, with Medicaid being the largest funding source for skilled nursing facilities[45][46] - Medicare currently accounts for approximately 24.7% of the company's skilled nursing services revenue year-to-date, making it the second-largest revenue payer[135] Quality of Care - The average score on the Overall Star Rating for all facilities is 6.8% better than the national average, with an average quality measure rating 18.2% better than the national average[41] - The company has a strong history of improving the quality of care in acquired facilities, with consistent improvements in star ratings post-acquisition[38] - The company aims to attract high acuity patients, which generally result in higher reimbursement rates, by maintaining a reputation for quality care[90] Workforce and Talent Development - The company emphasizes ongoing education and training for its staff, which is believed to enhance the quality of care provided[78] - The company has a rigorous "CEO-in-Training Program" with 70 to 80 prospective administrators progressing through training at any given time[88] - In 2025, approximately 89% of employees contributed to Elevate Charities Emergency Fund, demonstrating strong employee engagement[104] Market Trends and Demographics - The aging population in the U.S. is projected to increase from 17% to 21% by 2030, creating a growing demand for skilled nursing and senior living services[42] - The competitive landscape is characterized by numerous local and regional providers, with the company focusing on establishing a strong community reputation to attract patients[70][72] Financial Performance and Strategy - The company has a disciplined acquisition strategy focused on selectively acquiring operations within target markets, contributing to its growth[80] - The aggregate EBITDAR as a percentage of revenue for facilities acquired from 2002 through 2025 improved from 13.2% during the first three months of operations to 18.8% during the 45th quarter of operation[95] - The company plans to continue growth through talent development, increasing the mix of higher acuity patients, and acquiring additional operations in existing and new markets[33] Regulatory Environment - The company is sensitive to changes in state-based revenue programs, particularly Medicaid, which may face variability due to budget shortfalls and legislative changes[49] - The OBBB establishes a limit of $1.0 million for home equity that can be exempted from calculating an individual's eligibility for Medicaid in seeking long-term care starting January 1, 2028[118] - The OBBB reduces Medicaid retroactive eligibility from 90 days to 30 days for most enrollees, with a 60-day limit for long-term care residents[116] Medicare and Reimbursement Changes - For fiscal year 2026, CMS has finalized a 3.2% increase to SNF PPS payment rates, based on a final SNF market basket of 3.3% and adjustments[123] - The Patient-Driven Payment Model (PDPM) classifies residents based on clinical condition and care needs, incorporating five case-mix adjusted payment components[136] - The SNF Quality Reporting Program (SNF QRP) imposes a 2.0% payment rate reduction for facilities that fail to submit required quality data[138] Compliance and Legal Issues - Financial arrangements between healthcare providers are regulated under federal and state laws, including anti-kickback and Stark laws[205] - Violations of the Social Security Act can lead to criminal penalties exceeding $0.1 million and civil monetary penalties of more than $0.1 million per violation[207] - The Stark Law prohibits physicians from referring Medicare or Medicaid patients for designated health services to entities with which they have a financial relationship unless exceptions are met[208]

LIVERMORE, Calif. — February 4, 2026 —FormFactor, Inc. (Nasdaq: FORM) today announced its financial results for the fourth quarter of fiscal 2025 ended December 27, 2025. Quarterly revenues were $215.2 million, an increase of 6.2% compared to $202.7 million in the third quarter of fiscal 2025, and an increase of 13.6% from $189.5 million in the fourth quarter of fiscal 2024. For fiscal 2025, FormFactor recorded revenues of $785.0 million, up 2.8% from $763.6 million in fiscal 2024. "FormFactor's fourth quar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________________________________ FORM 10-Q _________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 27, 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: 001-11593 ____________________________________ The S ...

Company Closed $7.7 million of Land Sales in First Quarter; Total Land Sales Reach $34.5 million Year-to-Date Through January 2026 Farmable land Utilization Reaches 97% Following Completion of Lease Agreements in January 2026 Land Sales and Operating Performance Strengthen Cash Position, Creating Strategic Capital Deployment Optionality Development Pipeline Moves Forward with Local Corkscrew Grove Entitlement Decision By County Expected in 2026 Exhibit 99.1 Alico, Inc. Announces Financial Results for the Fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q _____________________ (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 28, 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 0-19528 QUALCOMM Incorporated (Exact name of registrant as specified in its charter) Delaware 95-3685934 ...

Exhibit 99.1 Alphabet Announces Fourth Quarter and Fiscal Year 2025 Results MOUNTAIN VIEW, Calif. – February 4, 2026 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended December 31, 2025. Sundar Pichai, CEO of Alphabet and Google, said: "It was a tremendous quarter for Alphabet and annual revenues exceeded $400 billion for the first time. The launch of Gemini 3 was a major milestone and we have great momentum. Our first party models, like Gemini, now process over 10 ...

Exhibit 99.1 Alphabet Announces Fourth Quarter and Fiscal Year 2025 Results MOUNTAIN VIEW, Calif. – February 4, 2026 – Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended December 31, 2025. Sundar Pichai, CEO of Alphabet and Google, said: "It was a tremendous quarter for Alphabet and annual revenues exceeded $400 billion for the first time. The launch of Gemini 3 was a major milestone and we have great momentum. Our first party models, like Gemini, now process over 10 ...

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 001-34603 _________________________ Terreno Realty Corporation (Exact Name of Regi ...