SITE Centers (SITC) - 2025 Q4 - Annual Report
2026-02-26 21:31
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 1-11690 SITE Centers Corp. (Exact Name of Registrant as Specified in Its Charter) Ohio 34-1723097 (State or Other Jurisdiction of Incorpo ...
Lightbridge(LTBR) - 2025 Q4 - Annual Report
2026-02-26 21:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (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 Commission file number: 001-34487 LIGHTBRIDGE CORPORATION Nevada 91-1975651 ...
Adaptive Biotechnologies(ADPT) - 2025 Q4 - Annual Report
2026-02-26 21:31
OR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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: 001-38957 ADAPTIVE BIOTECHNOLOGIES CORPORATION (Exact Name of Registrant as Specified in its Charter) Washington 27-0907024 (St ...
Mativ(MATV) - 2025 Q4 - Annual Report
2026-02-26 21:30
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 __________________ 1-13948 (Commission file number) MATIV HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or oth ...
TTEC (TTEC) - 2025 Q4 - Annual Report
2026-02-26 21:30
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: 001-11919 TTEC Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of i ...
Arcellx(ACLX) - 2025 Q4 - Annual Report
2026-02-26 21:29
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 001-41259 ARCELLX, INC. (Exact name of Registrant as specified in its Charter) Delaware 47-2855917 (State or other jurisdiction of incorp ...
FIGS(FIGS) - 2025 Q4 - Annual Report
2026-02-26 21:29
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________ FORM 10-K _________________________________________________________ (Mark One) x 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 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 Numb ...
Brink(BCO) - 2025 Q4 - Annual Report
2026-02-26 21:28
Financial Performance - Brink's revenues increased by $249.3 million to $5,261.2 million in 2025, representing a 5% organic growth primarily driven by inflation-based price increases and growth in ATM managed services (AMS) and digital retail solutions (DRS) revenue[158][161]. - Operating profit rose by $132.5 million to $585.5 million, with the operating profit margin improving from 9.0% to 11.1%[158][162]. - Non-GAAP operating profit increased by $80.5 million to $709.9 million, with a non-GAAP operating profit margin of 13.5%[158][167]. - Income from continuing operations attributable to Brink's shareholders increased by $38.3 million to $200.1 million, with diluted earnings per share rising to $4.70 from $3.61[158][162]. - Adjusted EBITDA grew by 7% to $977.1 million, reflecting the increase in non-GAAP operating profit[168]. - The company reported a significant increase in royalty income to $10.2 million in 2025, a 28% increase from $8.0 million in 2024[201]. - GAAP pre-tax income for 2025 was $353.9 million, with an effective income tax rate of 40.5%[227]. - Non-GAAP pre-tax income for 2025 increased to $487.6 million, reflecting a 12% increase from 2024's $435.2 million[227]. - Operating profit under GAAP for 2025 was $585.5 million, up from $453.0 million in 2024[229]. - Non-GAAP operating profit for 2025 reached $709.9 million, compared to $629.4 million in 2024, indicating a growth of 12.7%[229]. - Diluted EPS under GAAP for 2025 was $4.70, a significant increase from $3.61 in 2024[230]. - Non-GAAP diluted EPS for 2025 was $8.05, up from $7.17 in 2024, representing an increase of 12.3%[230]. - The company reported a net income attributable to Brink's of $199.7 million for 2025, compared to $162.9 million in 2024[229]. - Adjusted EBITDA for 2025 was $977.1 million, an increase from $911.9 million in 2024[229]. Revenue Breakdown - Revenues from North America increased by $91.2 million to $1,742.6 million, while Latin America saw a decrease of $21.4 million to $1,289.6 million due to unfavorable currency impacts[170][161]. - North America revenues increased by 6% ($92.9 million), driven by a 6% organic increase ($91.2 million) and acquisitions ($4.3 million), despite a currency exchange loss of $2.6 million[175]. - Latin America revenues decreased by 2% ($21.4 million) due to unfavorable currency impacts ($98.5 million), partially offset by a 5% organic increase ($66.9 million) and acquisitions ($10.2 million)[177]. - Europe revenues increased by 10% ($124.5 million), supported by favorable currency impacts ($61.6 million), a 4% organic increase ($57.9 million), and acquisitions ($5.0 million)[179]. - Rest of World revenues increased by 7% ($53.3 million) due to a 6% organic increase ($41.4 million), primarily from BGS revenue growth[181]. Expenses and Costs - Selling, general and administrative expenses decreased by 7% to $778.0 million, attributed to lower costs related to U.S. investigations and a depreciation adjustment[158][161]. - Corporate expenses decreased by $7.3 million in 2025, mainly due to reductions in insurance and security losses ($11.2 million) and lower compensation costs ($10.3 million)[185]. - Other items not allocated to segments totaled $124.4 million in 2025, a decrease of 29% compared to 2024, driven by lower restructuring costs and the impact of inflation in Argentina[187]. - The company recognized $10.2 million in pretax charges related to highly inflationary accounting in Argentina for 2025, down from $35.0 million in 2024[191]. - Transformation initiatives incurred $26.0 million in expenses in 2025, aimed at accelerating growth and driving margin expansion[192]. - DOJ/FinCEN investigations resulted in accrued costs of $6.5 million in 2025, associated with compliance program establishment[195]. - Amortization expense for acquisition-related intangible assets was $58.9 million in 2025, reflecting ongoing integration and acquisition costs[193]. - Other operating income decreased to $5.5 million in 2025 from $18.7 million in 2024, primarily due to net losses of $6.2 million from foreign currency items compared to net gains of $5.5 million in the prior year[202]. Cash Flow and Capital Management - Cash flows from operating activities increased by $213.5 million in 2025 compared to 2024, reaching $639.5 million[243]. - Free cash flow before dividends increased by $35.6 million in 2025, amounting to $435.5 million[247]. - Cash used for investing activities decreased by $13.8 million in 2025, totaling $202.4 million[248]. - The company financed its liquidity needs in 2025 with debt and cash flows from operations[242]. - Total property and equipment acquired in 2025 was $279.3 million, which is $18.3 million lower than the prior year[250]. - The reinvestment ratio was 1.2 in 2025, down from 1.3 in 2024[251]. - Cash payments for income taxes increased to $135.7 million in 2025 from $122.1 million in 2024[244]. - The company repurchased shares totaling $583 million in 2025[246]. - Cash flows from financing activities decreased by $156.3 million in 2025, resulting in a net cash used of $114.1 million compared to a net cash provided of $42.2 million in 2024[255]. - Dividends paid to Brink's shareholders increased to $42.3 million in 2025, up from $41.8 million in 2024 and $39.6 million in 2023, with a per share dividend of $1.0075[256]. - Cash and cash equivalents rose to $1,725.9 million at December 31, 2025, compared to $1,395.3 million at December 31, 2024, indicating a $330.6 million increase[268]. - Total debt increased by $318.1 million to $4,214.3 million in 2025, with short-term borrowings at $241.1 million and long-term debt at $3,973.2 million[260]. - The company's debt as a percentage of capitalization decreased to 91% as of December 31, 2025, down from 93% in 2024[258]. - The company had $580 million available under its Revolving Credit Facility as of December 31, 2025, indicating strong liquidity[265]. - The effect of exchange rate changes increased cash and cash equivalents by $103.5 million in 2025, contrasting with a decrease of $95.2 million in 2024[257]. - The company authorized a $750 million share repurchase program in December 2025, set to expire on December 31, 2027[271]. - Net debt at the end of 2025 was $2,594.8 million, a slight increase of $12.6 million from the previous year[260]. - The company plans to utilize current cash and cash equivalents for working capital needs, capital expenditures, acquisitions, and share repurchases[268]. Tax and Regulatory Matters - The effective income tax rate on continuing operations rose to 40.5% in 2025, significantly higher than the 21% U.S. statutory tax rate, influenced by geographical earnings mix and nondeductible expenses[207][211]. - The company is monitoring the implementation of the Global Anti-Base Erosion ("Pillar Two") model rules, which may affect its tax obligations in the future[209][210]. - The company recorded a $12 million valuation allowance detriment in 2025 due to changes in U.S. tax laws affecting deferred tax assets[297]. - As of December 31, 2025, the company had total deferred tax assets of $171 million, with $57.4 million in U.S. valuation allowances[296][295]. - The company is involved in an ongoing investigation by the Chilean antitrust agency, with a potential fine of $30.5 million[290]. - The company has recorded accruals for probable losses from various lawsuits, but does not expect these to materially affect its financial position[291]. Pension and Retirement Plans - The primary U.S. pension plan had no cash contributions made in 2025, with approximately 10,200 beneficiaries[278]. - The projected total expenses related to U.S. retirement liabilities for 2025 are $(9.3) million, with a projected increase to $4.1 million in 2026[285]. - Payments from the primary U.S. pension plan to participants are projected to be $44.7 million in 2025, decreasing slightly to $44.9 million by 2030[287]. - The company does not expect to make contributions to the UMWA plans until 2039, with approximately 2,000 beneficiaries[280]. - The total projected payments from Brink's to U.S. retirement plans in 2040 and thereafter are estimated at $127.4 million[289]. - The discount rates for the primary U.S. pension plan and UMWA plans were 5.6% and 5.6% respectively for retirement cost in 2025, with benefit obligations at year-end being 5.4% and 5.3% respectively[321]. - The primary U.S. pension plan's actual expense for 2025 was $(8.3) million, with projected expenses for 2026 being $1.3 million, assuming a discount rate of 5.6%[323]. - The expected-return-on-assets assumption for the primary U.S. pension plan was set at 7.00% for 2025 and 6.25% for 2026, while for UMWA plans it was 8.00% for both years[324]. - The number of participants in the UMWA plans decreased from 2,700 in 2021 to 2,000 in 2025, reflecting a declining trend due to mortality as the company is no longer operating in the coal industry[337]. - The medical inflation rate assumption for the UMWA plans is 7.0% for 2026, projected to decline to 5% by 2034 and hold at that rate thereafter[334]. - The company anticipates that the number of participants in the U.S. pension plan will decline over time due to its frozen status[337]. - The company used Mercer's Above-Mean Curve to determine discount rates, which reflects the selection of high-quality bonds to match cash flows of the plan[319]. - The sensitivity analysis indicated that a 1% change in the discount rate could significantly affect the valuations of plan obligations, with the primary U.S. pension plan's obligation being $624.2 million if the rate were 1% lower[322]. - The company evaluates its liability for future workers' compensation claims annually with the assistance of an actuary, considering various factors affecting costs[335]. Economic and Market Conditions - Argentina's economy remains highly inflationary, impacting financial reporting and necessitating adjustments in accounting practices[236]. - The company operates in Argentina through wholly owned and controlled subsidiaries, facing ongoing challenges such as the devaluation of the Argentine peso and significant inflation[342]. - As of December 31, 2025, Argentina's economy is still classified as highly inflationary, with the official exchange rate allowed to fluctuate within a moving range[344]. - The company has designated Argentina's economy as highly inflationary since July 1, 2018, leading to the remeasurement of peso-denominated monetary assets and liabilities at each balance sheet date[343]. - The company serves customers in over 100 countries, including 51 countries with subsidiaries, exposing it to various market risks such as interest rate and foreign currency exchange rate fluctuations[346]. - The company employs both fixed and floating rate debt to finance operations, with floating rate obligations subject to cash flow fluctuations due to interest rate changes[349]. - The company uses derivative and non-derivative financial instruments to hedge interest rate and foreign currency exposures, minimizing counterparty risk by limiting to major financial institutions[347]. - The company continues to provide guidance and strategic oversight for its operations in Argentina, including budgeting and forecasting[345]. - Sensitivity analyses for market risk exposures are based on conditions as of December 31, 2025, with actual results potentially varying significantly[348].
Xperi (XPER) - 2025 Q4 - Annual Report
2026-02-26 21:27
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 Commission File Number: 001-41486 XPERI INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 83-4470363 (State or Other Jurisdiction of Incorporation or Organization) 2190 Gold S ...
Viatris(VTRS) - 2025 Q4 - Annual Report
2026-02-26 21:26
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 001-39695 Delaware 83-4364296 1000 Mylan Boulevard, Canonsburg, Pennsylvania, 15317 (Address of principal executive of ices)(Zip Code) (724) 514-180 ...