Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 June 30, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Organization) Delaware 95-3848122 (I.R.S. Employer ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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 June 30, 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: 001-38211 Roku, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organizat ...

Part I - FINANCIAL INFORMATION [Condensed Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Condensed%20Consolidated%20Financial%20Statements%20(Unaudited)) Electronic Arts reported slightly increased net revenue but decreased net income, EPS, assets, and operating cash flow Condensed Consolidated Statements of Operations (Q1 FY26 vs Q1 FY25) | (In millions, except per share data) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net revenue** | **$1,671** | **$1,660** | | Gross profit | $1,392 | $1,397 | | Operating income | $271 | $364 | | **Net income** | **$201** | **$280** | | **Diluted EPS** | **$0.79** | **$1.04** | Condensed Consolidated Balance Sheets | (In millions) | June 30, 2025 | March 31, 2025 | | :--- | :--- | :--- | | Cash and cash equivalents | $1,518 | $2,136 | | Total current assets | $2,545 | $3,276 | | **Total Assets** | **$11,699** | **$12,368** | | Deferred net revenue (current) | $1,334 | $1,700 | | Total current liabilities | $3,040 | $3,459 | | **Total Liabilities** | **$5,617** | **$5,982** | | **Total Stockholders' Equity** | **$6,082** | **$6,386** | Condensed Consolidated Statements of Cash Flows (Q1 FY26 vs Q1 FY25) | (In millions) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Net cash provided by operating activities** | **$17** | **$120** | | Net cash used in investing activities | ($89) | ($69) | | Net cash used in financing activities | ($568) | ($546) | | **Net decrease in cash and cash equivalents** | **($618)** | **($500)** | - The company completed one non-material acquisition during the quarter, resulting in a slight increase in goodwill to **$5.39 billion**[41](index=41&type=chunk) - In May 2024, a new **$5.0 billion stock repurchase program** was authorized, superseding the previous program. During the quarter, the company repurchased **3.0 million shares** for approximately **$375 million**[86](index=86&type=chunk)[88](index=88&type=chunk) - Revenue from live services and other was **$1,382 million**, while full game revenue was **$289 million**. Console remains the largest platform, generating **$1,007 million** in revenue[96](index=96&type=chunk)[97](index=97&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses revenue and operating income trends, net bookings growth, and a revenue recognition policy update - Key financial results for the quarter ended June 30, 2025: - Total net revenue: **$1,671 million (+1% YoY)** - Live services and other net revenue: **$1,382 million (-2% YoY)** - Operating income: **$271 million (-26% YoY)** - Net cash from operations: **$17 million (-86% YoY)** - Returned **$423 million** to stockholders (**$375M buyback**, **$48M dividend**)[113](index=113&type=chunk) Net Bookings (Q1 FY26 vs Q1 FY25) | (In millions) | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | | :--- | :--- | :--- | | Net revenue | $1,671 | $1,660 | | Change in deferred net revenue | ($373) | ($398) | | **Net bookings** | **$1,298** | **$1,262** | - Net bookings increased by **3% YoY**, driven by Split Fiction and the global football franchise, partially offset by a decrease in Apex Legends extra content sales[116](index=116&type=chunk) - The company completed its annual evaluation of the Estimated Offering Period for revenue recognition. For new sales starting Q2 FY26, revenue for mobile and PC/console free-to-play games will be recognized over a unified eleven-month period. This change is expected to shift approximately **$81 million** in net revenue from FY2026 to FY2027[133](index=133&type=chunk) - The company returned **$423 million** to stockholders during the quarter through **$375 million in share repurchases** and **$48 million in dividends**[171](index=171&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=41&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from foreign currency and interest rates, impacting fair values of hedges and investments - The company hedges a portion of its foreign currency risk related to forecasted sales and expenses. A hypothetical 10% adverse foreign currency exchange rate movement would result in potential declines of **$236 million** in the fair value of cash flow hedges[178](index=178&type=chunk)[181](index=181&type=chunk) - For balance sheet hedging, a hypothetical 10% adverse currency movement would result in potential losses of **$106 million** in the Condensed Consolidated Statements of Operations[181](index=181&type=chunk) - Interest rate risk exposure is primarily in the short-term investment portfolio. A hypothetical **150 basis point** increase in interest rates would result in a **$1 million (1%)** decrease in the fair market value of these investments[184](index=184&type=chunk) [Controls and Procedures](index=43&type=section&id=Item%204.%20Controls%20and%20Procedures) Disclosure controls and procedures were effective, with no material changes to internal controls over financial reporting - Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of the end of the period[186](index=186&type=chunk) - There were no changes in internal controls over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, these controls[187](index=187&type=chunk) Part II - OTHER INFORMATION [Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) The company is subject to ordinary course litigation, which management does not expect to materially affect financial statements - The company is subject to claims and litigation arising in the ordinary course of business, which are not expected to have a material adverse effect on its financial statements[71](index=71&type=chunk)[191](index=191&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) The company faces significant strategic, operational, legal, and financial risks, including competition, cybersecurity, and regulatory issues - **Strategic Risks:** - Intense competition from established and emerging companies - Significant revenue concentration in a few popular franchises, such as **EA SPORTS FC** - Potential for product development delays to miss key selling periods - Failure to anticipate or adapt to new technologies like AI and evolving business models[193](index=193&type=chunk)[195](index=195&type=chunk)[196](index=196&type=chunk) - **Operational Risks:** - Vulnerability to security breaches and sophisticated cyber-attacks, including ransomware and exploits of in-game virtual economies - Potential for outages and disruptions in IT infrastructure and cloud services - Intense competition for attracting and retaining key executive, technical, and creative talent[212](index=212&type=chunk)[215](index=215&type=chunk)[216](index=216&type=chunk)[218](index=218&type=chunk) - **Legal & Compliance Risks:** - Subject to complex and evolving global laws regarding consumer protection, online safety, and data privacy - Scrutiny of business models involving virtual items and currency - Risk of infringing on third-party intellectual property rights[223](index=223&type=chunk)[224](index=224&type=chunk)[228](index=228&type=chunk) - **Financial Risks:** - Exposure to foreign currency fluctuations, as international revenue comprised **59% of total net revenue in FY25** - Obligations and covenants related to outstanding senior notes and a revolving credit facility - Potential for changes in tax rates or exposure to additional tax liabilities, particularly in the U.S. and Switzerland[232](index=232&type=chunk)[233](index=233&type=chunk)[235](index=235&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=54&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company authorized a new $5.0 billion stock repurchase program and repurchased approximately 3.0 million shares during the quarter - In May 2024, a new stock repurchase program was authorized for up to **$5.0 billion stock repurchase program**, expiring May 9, 2027[243](index=243&type=chunk) Share Repurchases for the Three Months Ended June 30, 2025 | Fiscal Month | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Mar 30 - Apr 26, 2025 | 1,244,547 | N/A (Mix of ASR & Open Market) | | Apr 27 - May 24, 2025 | 805,982 | $150.09 | | May 25 - Jun 28, 2025 | 933,455 | $149.03 | | **Total** | **2,983,984** | | - The maximum dollar value that may still be purchased under the program as of June 28, 2025, was **$2,277 million**[244](index=244&type=chunk) [Other Information](index=55&type=section&id=Item%205.%20Other%20Information) Three executives adopted Rule 10b5-1 trading plans to manage their personal holdings of EA common stock - Three executives adopted Rule 10b5-1 trading plans during the quarter: Jacob J. Schatz (EVP, Global Affairs), Mala Singh (Chief People Officer), and Stuart Canfield (CFO)[246](index=246&type=chunk) [Exhibits](index=55&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed or incorporated by reference as part of the Form 10-Q report - The exhibits listed in the exhibit index are filed or incorporated by reference as part of the report[247](index=247&type=chunk)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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: 001-36127 _________________________________________________________________________________________________ COOPER-STANDARD HOLDINGS INC. Wash ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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 June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 17901 Von Karman Avenue, Suite 1200, Irvine, California 92614 (Address of principal executive offices and zip code) (949) 864-8000 1934 For the transition period from _______ to _______ Commission ...

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 June 30, 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 No. 001-38282 Metropolitan Bank Holding Corp. (Exact Name of Registrant as Specified in Its Charter) (State or Ot ...

FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 12705 Ingenuity Drive Orlando, Florida 32826 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 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 No.: 001-36534 IRADIMED CORPORATION (Exact name of Registrant as specified in its charte ...

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 June 29, 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 0-19655 TETRA TECH, INC. (Exact name of registrant as specified in its charter) 3475 East Foothill Boulevard, Pasadena, California 91 ...

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 June 30, 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 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 June 30, 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: 001-38753 Moderna, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware 81-3467528 (State or Other Jurisdiction of ...