Revenue Performance - Revenue for Q4 2025 was $30.7 million, a decrease of 13.3% from $35.4 million in Q4 2024[2] - For the fiscal year 2025, total revenue was $110.8 million, down 18.3% from $135.6 million in fiscal year 2024[3] - The Smart Water segment generated $8.5 million in Q4 2025, a decrease of 28% from $11.9 million in Q4 2024, but annual revenue increased by 10% to $35.8 million[9] - Revenue from the Energy Solutions segment for Q4 2025 was $15.7 million, an 11% decrease from $17.6 million in Q4 2024, with a 35% annual decline to $50.7 million[10] - The Intelligent Industrial segment reported $6.4 million in Q4 2025, a 9% increase from $5.8 million in Q4 2024, while annual revenue decreased by 4% to $24.0 million[11] - Total revenue for the year ended September 30, 2025, was $110.803 million, a decrease of 18.3% compared to $135.598 million in 2024[25] - The Smart Water segment generated revenue of $35.816 million for the year ended September 30, 2025, an increase of 10.4% from $32.434 million in 2024[25] - The Energy Solutions segment reported a revenue decline of 35% to $50.706 million in 2025, down from $77.977 million in 2024[25] Net Loss and Financial Position - Net loss for Q4 2025 was $9.1 million, or $(0.71) per diluted share, compared to a net loss of $12.9 million, or $(1.00) per diluted share in Q4 2024[2] - The net loss for the year ended September 30, 2025, was $9.724 million, compared to a net loss of $6.578 million in 2024[23] - The company used $22.2 million in cash from operating activities for the twelve-month period ended September 30, 2025[12] - Cash and cash equivalents increased to $26.338 million as of September 30, 2025, from $6.895 million in 2024, representing a significant increase of 282.5%[23] - Total current liabilities rose to $24.430 million in 2025, up from $17.197 million in 2024, indicating a 42.5% increase[21] Assets and Inventory - Total assets increased slightly to $153.037 million as of September 30, 2025, compared to $152.194 million in 2024[21] - The company reported a significant inventory obsolescence expense of $3.071 million for the year ended September 30, 2025[23] Strategic Initiatives - The company anticipates continued market demand for Hydroconn and Aquana solutions, particularly in international markets[5] - Geospace Technologies acquired Geovox Security, Inc. to enhance its Intelligent Industrial segment and increase recurring revenue[7] Operating Performance - Operating loss from the Energy Solutions segment was $4.992 million for the three months ended September 30, 2025, compared to an operating income of $5.567 million in the same period of 2024[25] - The company made a payment of $1.750 million for a business acquisition during the year[23]

Financial Performance - Net income for fiscal year 2025 was $335.6 million, an increase of 15.9% from $289.8 million in 2024[38] - NFE (Non-GAAP financial measure) for fiscal year 2025 was $329.6 million, up 13.3% from $290.8 million in 2024[38] - Total operating revenue for NJNG in fiscal year 2025 reached $1.3 billion, a 27.8% increase from $1.02 billion in 2024[44] - Residential operating revenue increased to $781.3 million in 2025, up 21.7% from $642.4 million in 2024[44] Customer Base and Service Delivery - NJNG's service territory covers 1,538 square miles and serves an estimated population of 1.7 million people[42] - As of September 30, 2025, NJNG had 13,121 residential and 7,846 commercial and industrial customers utilizing transportation services[63] - NJNG maintains firm transportation and storage capacity agreements totaling 914,163 Dths for reliable service delivery[51] Natural Gas Supply and Management - NJNG purchased natural gas from approximately 63 suppliers in fiscal 2025, with over 10% sourced from two suppliers[49] - The company utilizes financial derivative instruments to mitigate the impact of volatile wholesale natural gas prices on customers[58] - NJNG expects to meet natural gas requirements for existing and projected firm customers and plans to renegotiate contracts as needed[59] Environmental and Remediation Efforts - NJNG estimates future expenditures for environmental remediation of former MGP sites will range from approximately $144.3 million to $200.2 million[88] - As of September 30, 2025, NJNG recorded an MGP remediation liability of $167.0 million on the Consolidated Balance Sheets[89] - NJNG is involved in administrative proceedings with the NJDEP for the remedial cleanup of former MGP sites dating back to the late 1800s[200] Employee and Workforce Management - As of September 30, 2025, the Company employed 1,376 employees, a slight increase from 1,372 employees as of September 30, 2024[91] - NJNG and NJRHS have collective bargaining agreements with the Union, with contracts ratified on August 6, 2025, and July 29, 2025, respectively, covering wage increases and benefits[91] - The Company offers competitive compensation packages and periodically reviews employee compensation to ensure competitiveness within the industry[93] Risks and Challenges - The company faces risks related to attracting and retaining a qualified workforce, which is essential for implementing its business strategy and maintaining operations[114] - Weather patterns significantly influence demand for natural gas, with milder winters or cooler summers potentially leading to decreased revenues and cash flows[116] - Climate change poses risks that could affect the cost of providing natural gas and the demand for it, impacting the company's financial performance[119] Regulatory and Compliance Issues - Regulatory changes and compliance costs may significantly affect the company's operations and profitability, particularly regarding natural gas pricing and supply[125] - NJNG's ability to obtain rate increases and maintain authorized rates of return may be impacted by regulatory actions and the transition to new information technology systems[133] - Regulatory decisions by the BPU will impact the recovery of costs and the rate of return on invested capital for NJNG[217] Cybersecurity and Technology Risks - The company continues to face risks from cyberattacks, which could adversely affect business operations and financial results[136] - The reliance on information technology for managing natural gas distribution and trading operations exposes the company to potential disruptions and data breaches[137] - The Audit Committee oversees the company's cybersecurity risk management practices and receives updates at least quarterly from senior leadership[185] Market and Economic Factors - Economic and political instability could create uncertainty, increasing the cost of capital and impairing access to financial markets[161] - Inflation and rising natural gas costs may increase customer debt levels and adversely affect collections[149] - Changes in customer growth, particularly in the housing market, could negatively impact the company's Utility Gross Margin and cash flows[145] Investments and Acquisitions - Acquisitions involve risks, including the potential failure to realize anticipated synergies and growth opportunities[160] - The company is exposed to market risks that could impact the value of its transportation and storage contracts[148] Solar Energy Initiatives - CEV operates approximately 479 MW of solar capacity across seven states as of September 30, 2025[65] - CEV sold its residential solar portfolio on November 25, 2024, to a third party[66] - NJR's investments in solar energy projects face risks related to construction, permitting, and regulatory approvals, which could impact project viability[106]

Financial Performance - Net income for Q3 2025 was $7.2 million, up from $3.7 million in Q3 2024, representing a 94.6% increase[1] - Net income attributable to common stockholders for Q3 2025 was $5.7 million, compared to $2.3 million in Q3 2024, a 147.8% increase[1] - Earnings per share for Q3 2025 were $0.05, compared to $0.02 in Q3 2024, reflecting a 150% increase[1] - Net income for the nine months ended September 30, 2025, was $14.7 million, compared to $3.0 million for the same period in 2024, a 390% increase[3] - Earnings per share for the nine months ended September 30, 2025, were $0.09, compared to a loss per share of $0.01 in 2024[3] - Net income for Q3 2025 was $7,158,000, compared to $3,715,000 in Q3 2024, representing an increase of 92.5%[15] - Net income attributable to common stockholders for Q3 2025 was $5,715,000, up from $2,272,000 in Q3 2024, marking a 151.5% increase[15] - The company reported a comprehensive income of $7.313 million for Q3 2025, up from $3.715 million in Q3 2024[26] Revenue and Charter Performance - Time charter revenues for Q3 2025 were $51.9 million, down from $57.5 million in Q3 2024, a decrease of 9.8%[2] - Time charter revenues for the nine months ended September 30, 2025, were $161.5 million, down from $171.1 million in 2024, a decrease of 5.5%[3] - Time charter revenues for Q3 2025 were $51,861,000, a decrease of 9.3% from $57,488,000 in Q3 2024[15] - Time charter revenues for Q3 2025 were $51.861 million, a decrease of 9% from $57.488 million in Q3 2024[26] - The company has ongoing charters with various charterers, including Cargill and Bunge, with gross rates ranging from $12,250 to $16,500 per day[5] Operational Metrics - Average daily time charter equivalent (TCE) rate for Q3 2025 was $15,178, a slight decrease from $15,333 in Q3 2024[15] - Fleet utilization for Q3 2025 was 99.4%, compared to 99.9% in Q3 2024[15] - The average number of vessels in the fleet decreased to 36.2 in Q3 2025 from 38.7 in Q3 2024[15] - Vessel operating expenses for Q3 2025 were $20,002,000, down from $21,239,000 in Q3 2024, a reduction of 5.8%[15] - Ownership days for Q3 2025 were 3,326, compared to 3,561 in Q3 2024, indicating a decrease in operational capacity[15] Cash Flow and Assets - Total assets as of September 30, 2025, were $1.184 billion, a slight increase from $1.171 billion as of December 31, 2024[27] - Long-term debt as of September 30, 2025, was $651.113 million, an increase from $637.525 million at the end of 2024[27] - Cash and cash equivalents decreased to $133.859 million from $207.166 million as of December 31, 2024[27] - Net cash provided by operating activities for Q3 2025 was $14.363 million, compared to $19.203 million in Q3 2024[29] Dividends and Future Plans - The company declared a cash dividend of $0.01 per common share for Q3 2025, payable on December 17, 2025[4] - The management plans to conduct a conference call on November 20, 2025, to discuss these results and future strategies[17] - The company has not provided specific guidance for future performance but acknowledges various market risks that could impact results[24]

Financial Results - Wellgistics Health, Inc. reported financial results for the quarter ended September 30, 2025, with a press release issued on November 20, 2025[5]. - The press release includes forward-looking statements regarding the company's projects and potential financial performance[9]. - The press release is attached as Exhibit 99.1, which contains detailed financial results and operational insights[11]. Company Classification and Regulations - The company is classified as an emerging growth company under the Securities Act of 1933[4]. - The company’s Registration Statement on Form S-1 was declared effective by the SEC on September 25, 2025, discussing various risks associated with forward-looking statements[9]. Financial Metrics and Guidance - The company has not yet disclosed specific financial metrics or performance indicators in the provided documents[5]. - The company has not provided specific guidance or outlook for future performance in the available documents[5]. Company Information - The company’s principal executive offices are located in Tampa, FL[1]. - The trading symbol for Wellgistics Health, Inc. is WGRX, listed on The Nasdaq Capital Market LLC[3]. Product and Market Information - The report does not include any information on new products, technologies, market expansion, or acquisitions[5].

Financial Performance - Total Net Sales for Q3 2025 were $1.594 billion, a decrease of $16 million, or 1.0%, compared to Q3 2024[96] - Operating Income for Q3 2025 was $161 million, down $57 million, or 26.1%, with an Operating Income rate of 10.1%, down from 13.5%[96] - Gross Profit for Q3 2025 was $658 million, a decrease of $42 million, with a Gross Profit rate of 41.3%, down from 43.5% in Q3 2024[111] - For year-to-date 2025, total Net Sales were $4.567 billion, an increase of $47 million, or 1.1%, compared to year-to-date 2024[121] - Operating Income for year-to-date 2025 was $527 million, a decrease of $61 million compared to year-to-date 2024, with an Operating Income rate of 11.5%[118] - Gross Profit for year-to-date 2025 was $1.945 billion, an increase of $12 million, with a Gross Profit rate of 42.6%, down from 42.8% in year-to-date 2024[122] - Net sales for year-to-date 2025 were $4,358 million, with a gross profit of $1,812 million[164] Expenses and Cost Management - Direct Net Sales decreased by $22 million, or 7.0%, primarily due to a decline in fulfilled orders[110] - General, Administrative and Store Operating Expenses increased to $497 million, up $15 million, with a rate of 31.2%, compared to 30.0% in Q3 2024[113] - Total General, Administrative and Store Operating Expenses were $1.418 billion for year-to-date 2025, an increase of $73 million, with an expense rate of 31.0%[124] - The company plans to deliver $250 million in cost savings over the next two years to invest in revenue-generating initiatives[103] Cash Flow and Capital Expenditures - Net cash provided by operating activities for year-to-date 2025 was $225 million, including net income of $246 million[134] - Capital expenditures for year-to-date 2025 were $174 million, with plans for approximately $240 million in capital expenditures for 2025 focused on real estate and technology[136][138] - Cash and cash equivalents at the end of year-to-date 2025 were $236 million, down from $674 million at the beginning of the year[133] Debt and Interest - Average daily borrowings for Q3 2025 were $3.916 billion, with an average borrowing rate of 7.0%[115] - Interest Expense for year-to-date 2025 was $208 million, a decrease from $236 million in year-to-date 2024, due to lower average daily borrowings and borrowing rates[127] - Cash paid for interest in year-to-date 2025 was $181 million, down from $217 million in the same period of 2024[147] - As of November 1, 2025, total long-term debt was $3,890 million, a slight decrease from $3,884 million in February 2025[147] - The principal value of outstanding debt as of November 1, 2025, is $3,916 million, with an estimated fair value of $4,037 million[180] Shareholder Returns - The company repurchased 11.450 million shares for $343 million during year-to-date 2025[131] - Total dividends paid in 2025 amounted to $126 million, with a per share dividend of $0.60, consistent with 2024's total of $134 million[145] Risk Management - The company’s Canadian dollar earnings are subject to foreign exchange rate risk due to sourcing merchandise through U.S. dollar transactions[175] - Royalties from international partners are calculated based on local currency sales, exposing the company to foreign currency exchange rate fluctuations[176] - The company actively monitors credit risk by limiting exposure to any single financial institution and reviewing the credit standing of partners[179] Corporate Strategy - The transformation plan, "The Consumer First Formula," focuses on attracting new, younger customers and creating innovative products[98] Ratings and Facilities - The corporate credit rating from Moody's is Ba2 and from S&P is BB+, both with a stable outlook as of November 1, 2025[157] - The ABL Facility was amended in May 2025, extending the expiration date to May 2030 and removing a 0.10% interest rate credit spread adjustment[152] - The company had $741 million available under the Asset-backed Revolving Credit Facility as of November 1, 2025, after accounting for $9 million in outstanding letters of credit[154] Asset Management - The investment portfolio primarily consists of interest-bearing instruments, including U.S. government obligations and AAA-rated money market funds, with a focus on preserving principal and maximizing interest income[177] - All outstanding long-term debt as of November 1, 2025, has fixed interest rates, limiting exposure to interest rate changes[178] - The carrying values of Accounts Receivable, Accounts Payable, and Accrued Expenses approximate their fair values due to short maturities as of November 1, 2025[181] - The company had contingent obligations of $220 million related to lease payments as of November 1, 2025[165]

Financial Performance - Net sales for Q3 2025 reached $3.9 billion, a 3% increase compared to the previous year, with comparable sales up 5% year-over-year[3] - Operating income for Q3 was $334 million, resulting in an operating margin of 8.5%[10] - Old Navy's Q3 net sales were $2.3 billion, up 5%, with comparable sales increasing by 6%[8] - Gap's Q3 net sales reached $951 million, a 6% increase, with comparable sales up 7% for the eighth consecutive quarter[9] - Athleta's Q3 net sales decreased by 11% to $257 million, with comparable sales also down 11%[12] - Net sales for the 13 weeks ended November 1, 2025, were $3,942 million, a 2.9% increase from $3,829 million for the same period in 2024[32] - Gross profit for the 39 weeks ended November 1, 2025, was $4,654 million, compared to $4,615 million for the same period in 2024, reflecting a slight increase[32] - Net income for the 39 weeks ended November 1, 2025, was $645 million, up from $638 million in 2024, indicating a growth of 1.1%[33] - Operating income for the 39 weeks ended November 1, 2025, was $886 million, compared to $853 million in 2024, showing an increase of 3.9%[32] Cash Flow and Assets - Year-to-date free cash flow was reported at $280 million, with net cash from operating activities at $607 million[10] - Free cash flow for the 39 weeks ended November 1, 2025, was $280 million, down from $540 million in 2024, representing a decrease of 48.5%[36] - Cash, cash equivalents, and restricted cash at the end of the period were $2,290 million, an increase from $1,998 million at the end of the previous year[33] - Total assets increased to $12,370 million as of November 1, 2025, compared to $11,853 million as of November 2, 2024, marking a growth of 4.4%[31] Store Operations - The company ended the quarter with nearly 3,500 store locations across approximately 35 countries, with 2,497 being company-operated[3] - The company operated 2,497 company-operated stores as of November 1, 2025, a net decrease of 9 stores from the previous period[39] Sales Outlook - Full year fiscal 2025 net sales growth outlook has been raised to a range of 1.7% to 2.0%, up from the previous guidance of 1.0% to 2.0%[14] Margins - Gross margin was reported at 42.4%, exceeding expectations, although it decreased by 30 basis points from last year[3] Online Sales - Online sales accounted for 40% of total net sales, increasing by 2% compared to last year[3] Earnings Per Share - The company reported a weighted-average diluted earnings per share of $0.62 for the 13 weeks ended November 1, 2025, compared to $0.72 for the same period in 2024[32] Stockholders' Equity - Total stockholders' equity rose to $3,647 million as of November 1, 2025, up from $3,135 million in 2024, reflecting a significant increase of 16.3%[31]

Sales Performance - Net sales for Q3 2025 reached $3.9 billion, a 3% increase compared to last year, with comparable sales up 5% year-over-year[3] - Old Navy's Q3 net sales were $2.3 billion, up 5%, with comparable sales increasing by 6%[8] - Gap's Q3 net sales were $951 million, up 6%, achieving positive comparable sales for the 8th consecutive quarter[9] - Banana Republic's Q3 net sales were $464 million, down 1%, but comparable sales increased by 4%[11] - Athleta's Q3 net sales were $257 million, down 11%, with comparable sales also down 11%[12] - Net sales for the 13 weeks ended November 1, 2025, were $3,942 million, a 2.9% increase from $3,829 million for the same period in 2024[32] - Old Navy's net sales in the U.S. for the 13 weeks ended November 1, 2025, were $2,049 million, an increase from $1,949 million in the same period of 2024[37] Financial Metrics - Gross margin was 42.4%, exceeding expectations, although it decreased by 30 basis points from the previous year[3] - Operating income for Q3 was $334 million, resulting in an operating margin of 8.5%[10] - Year-to-date free cash flow was $280 million, with cash and short-term investments totaling $2.5 billion, a 13% increase from the prior year[10] - Gross profit for the 39 weeks ended November 1, 2025, was $4,654 million, compared to $4,615 million for the same period in 2024, reflecting a slight increase[32] - Net income for the 39 weeks ended November 1, 2025, was $645 million, up from $638 million in 2024, indicating a growth of 1.1%[33] - Free cash flow for the 39 weeks ended November 1, 2025, was $280 million, down from $540 million in 2024, representing a decrease of 48.5%[36] Assets and Equity - Total assets increased to $12,370 million as of November 1, 2025, compared to $11,853 million as of November 2, 2024, marking a growth of 4.4%[31] - Total stockholders' equity rose to $3,647 million as of November 1, 2025, up from $3,135 million in 2024, reflecting a significant increase of 16.3%[31] Operational Metrics - The company operated 2,497 company-operated stores as of November 1, 2025, with a net decrease of 9 stores during the year[39] - The company reported a decrease in cash provided by operating activities to $607 million for the 39 weeks ended November 1, 2025, down from $870 million in 2024[33] - The long-term debt remained stable at $1,491 million as of November 1, 2025, compared to $1,489 million in 2024[31] Outlook - The company raised its full year net sales growth outlook to the high end of the prior guidance range[2]

Revenue and Profitability - For the three months ended October 31, 2025, revenue was $1.16 billion, representing an increase of $8.2 million, or 0.7% year-over-year[4] - Gross profit for the same period was $537.0 million, an increase of $24.9 million, or 4.9% compared to the previous year[4] - Net income attributable to Copart, Inc. was $403.7 million, reflecting an increase of $41.6 million, or 11.5% year-over-year[4] - Fully diluted earnings per share increased to $0.41, up 11.7% from $0.37 in the same quarter last year[4] - Total service revenues and vehicle sales for Q3 2025 reached $1,155,030,000, a slight increase from $1,146,829,000 in Q3 2024, representing a growth of approximately 0.7%[19] - Operating income for Q3 2025 was reported at $430,694,000, up from $406,367,000 in Q3 2024, marking an increase of about 6%[19] - The total operating income margin improved to approximately 37.3% in Q3 2025 from 35.4% in Q3 2024[19] Revenue Breakdown - Service revenues were $991.8 million, a slight increase of 0.6% from $986.3 million in the prior year[12] - Vehicle sales revenue was $163.2 million, representing a 1.7% increase from $160.5 million year-over-year[12] - Service revenues in the United States amounted to $855,534,000, compared to $859,990,000 in the same period last year, indicating a decrease of about 0.5%[19] - Vehicle sales in the United States increased to $97,080,000 from $87,549,000 year-over-year, reflecting a growth of approximately 10.3%[19] - International service revenues reached $136,311,000, compared to $126,346,000 in the prior year, reflecting an increase of approximately 7.8%[19] - Facility operations revenue totaled $476,489,000, a decrease from $496,546,000 in the previous year, representing a decline of approximately 4%[19] Expenses and Cash Flow - Total operating expenses decreased by 2.2% to $724.3 million from $740.5 million in the same period last year[12] - Cost of vehicle sales rose to $141,543,000 from $138,178,000, indicating an increase of about 2.5%[19] - General and administrative expenses were $106,304,000, slightly down from $105,738,000, showing a marginal decrease of about 0.5%[19] - Cash, cash equivalents, and restricted cash at the end of the period totaled $5.23 billion, up from $3.70 billion at the end of the previous year[17] - Net cash provided by operating activities was $535.3 million, compared to $482.3 million in the same quarter last year[17] Assets and Operations - Total assets increased to $10.58 billion from $10.09 billion in the previous quarter[14] - The company continues to focus on expanding its facility operations and enhancing service revenues in both domestic and international markets[19]

Financial Performance - Net income for the three months ended October 31, 2025, was $446 million, a significant increase from $197 million in the same period of 2024, representing a growth of 126.4%[12] - Comprehensive income for the three months ended October 31, 2025, was $445 million, compared to $197 million in the same period of 2024, indicating a growth of 125.9%[12] - Basic net income per share rose to $1.60 for the three months ended October 31, 2025, compared to $0.70 for the same period in 2024, representing a 128.6% increase[33] - Diluted net income per share for the three months ended October 31, 2025, was $1.59, compared to $0.70 in the same period of 2024, marking a 127% increase[33] - Total net revenue for the three months ended October 31, 2025, was $3,885 million, a 18.3% increase from $3,283 million in the same period of 2024[143] - Global Business Solutions segment revenue reached $2,991 million, up 17.6% from $2,544 million year-over-year[143] - Consumer segment revenue increased to $894 million, a 21% rise compared to $739 million in the prior year[143] - Operating income for the total segments was $2,918 million, reflecting a 20.1% increase from $2,430 million in the previous year[143] Cash Flow and Liquidity - Total cash provided by operating activities increased to $637 million, compared to $362 million for the same period in 2024, marking a 76% increase[17] - Cash and cash equivalents increased to $3,506 million from $2,884 million, marking a rise of 21.5%[14] - Cash and cash equivalents at the end of the period were $6,943 million, down from $8,034 million a year earlier, reflecting a decrease of 13.6%[18] - The total cash, cash equivalents, restricted cash, and restricted cash equivalents were valued at $6,943 million as of October 31, 2025[58] - Total cash and cash equivalents, investments, and funds receivable amounted to $7,612 million as of October 31, 2025, compared to $11,627 million on July 31, 2025[57] Assets and Liabilities - Total current assets decreased to $10,421 million as of October 31, 2025, down from $14,107 million at July 31, 2025, reflecting a decline of 26.1%[14] - Total liabilities decreased to $13,869 million as of October 31, 2025, compared to $17,248 million at July 31, 2025, a reduction of 19.3%[14] - The company reported a total stockholders' equity of $19,322 million as of October 31, 2025, down from $19,710 million at July 31, 2025, a decrease of 2.0%[14] - Total assets decreased from $36,958 million on July 31, 2025, to $33,191 million on October 31, 2025, representing a decline of approximately 10.5%[14] - Total current liabilities decreased from $10,370 million on July 31, 2025, to $7,519 million on October 31, 2025, a reduction of approximately 27.5%[14] Investments and Future Plans - The company plans to continue investing significantly in product development, marketing, and sales capabilities, including artificial intelligence[9] - The company expects total service revenue as a percentage of total revenue to grow over the long term[9] - The company anticipates generating significant cash from operations in the future[9] Shareholder Returns - The company declared dividends of $1.20 per share, totaling $343 million for the quarter[15] - During the three months ended October 31, 2025, the company repurchased 1.2 million shares for $851 million[115] - Share-based compensation expense for the three months ended October 31, 2025, totaled $543 million, up from $511 million in the same period of 2024[121] Revenue Recognition - The company recognized revenue of $590 million from deferred revenue during the three months ended October 31, 2025, compared to $524 million in the same period of 2024, indicating a growth of 12.6%[34] - As of October 31, 2025, the deferred revenue balance related to performance obligations to be satisfied after 12 months was $3 million, down from $4 million as of July 31, 2025[35] Debt and Financing - The company reported a net cash used in financing activities of $(4,372) million, a significant change from $761 million provided in the same period last year[17] - As of October 31, 2025, the total principal balance of debt was $6.18 billion, an increase from $6.01 billion as of July 31, 2025[86] - The net carrying value of debt was $6.14 billion as of October 31, 2025, compared to $5.97 billion on July 31, 2025[86] - The company was compliant with all covenants governing its debt facilities as of October 31, 2025[90][93][96] Accounting and Compliance - The company is evaluating the impact of new accounting standards on its consolidated financial statements, effective for fiscal years beginning after December 15, 2025[43] - The company is currently evaluating the impact of pending accounting standards on its consolidated financial statements and related disclosures[43] Segment Performance - Intuit combined its Consumer, Credit Karma, and ProTax businesses into a single Consumer segment effective August 1, 2025, to better serve customer needs[22] - The company reported a significant seasonal pattern in its Consumer segment, with higher net revenues typically concentrated from November through April due to tax preparation services[24] - Unallocated corporate items, including share-based compensation, totaled $2,384 million, compared to $2,159 million in the previous year[143]

Sales Performance - Q4 2025 sales increased 29% to $353 million, with organic sales up 7.7% and Maritime acquisition contributing $58 million[5] - FY 2025 sales rose 19% to $1.1 billion, driven by an 8.8% increase in organic sales and a $95 million contribution from the Maritime acquisition[5] - Net sales for Q4 2025 reached $352.7 million, a 29% increase from $273.5 million in Q4 2024[28] - For the fiscal year 2025, net sales totaled $1.1 billion, a 19% increase from $919.1 million in fiscal year 2024[31] - The Aerospace & Defense segment reported net sales of $170.4 million in Q4 2025, a 72% increase from $99.3 million in Q4 2024[34] Earnings and EPS - Q4 2025 GAAP EPS from Continuing Operations increased 14% to $1.73, while Adjusted EPS rose 30% to $2.32[5] - FY 2025 GAAP EPS from Continuing Operations increased 13% to $4.49, with Adjusted EPS up 26% to $6.03[5] - Adjusted EPS from continuing operations for Q4 2025 was $2.32, up from $1.79 in Q4 2024, representing a 30% increase[28] - The adjusted EPS for continuing operations for FY 2025 was $6.03, up from $4.77 in FY 2024, indicating a 26.8% increase[47] Orders and Backlog - Q4 2025 entered orders increased 30% to $321 million, resulting in a book-to-bill ratio of 0.91x[5] - FY 2025 entered orders surged 57% to $1.6 billion, leading to a record year-end backlog of $1.1 billion[10] - The ending backlog for the fiscal year 2025 was $1,133,637,000, compared to $664,188,000 at the beginning of the year, showing a substantial increase in orders[45] - The company entered orders totaling $1,564,837,000 for FY 2025, a significant increase from the previous year's backlog[45] Financial Metrics - Consolidated EBIT for FY 2025 was $170.4 million, compared to $146.2 million in FY 2024, marking a 17% increase[38] - Consolidated EBITDA for FY 2025 was $245.4 million, compared to $198.4 million in FY 2024, reflecting a 24% increase[39] - Adjusted EBIT for FY 2026 is expected to increase approximately 21% to 25%, with margins rising to 20.9% to 21.5%[18] Cash Flow and Assets - Cash flows from operating activities for continuing operations were $200,396,000 in 2025, up from $121,582,000 in 2024, representing a growth of 64.6%[43] - Total current assets increased to $688,506,000 in 2025 from $668,649,000 in 2024, representing a growth of 1.28%[41] - Cash and cash equivalents rose to $101,350,000 in 2025, up from $65,963,000 in 2024, marking a 53.5% increase[43] Debt and Liabilities - The company reported a total long-term debt of $166,000,000 in 2025, compared to $102,000,000 in 2024, reflecting a 62.7% increase[41] - The total current liabilities increased to $508,148,000 in 2025 from $349,854,000 in 2024, reflecting a rise of 45.2%[41] Other Financial Information - The company completed the sale of VACCO Industries, recognizing an after-tax gain of $173 million during Q4 2025[16] - The company incurred $40.1 million in after-tax charges for FY 2025, impacting adjusted net earnings[39] - Interest expense for Q4 2025 was $5.1 million, down from $6.0 million in Q4 2024, showing a decrease of 15%[28] - Net earnings for Q4 2025 were $218.7 million, compared to $34.3 million in Q4 2024, reflecting a significant increase[28] - Net earnings for the year ended September 30, 2025, were $299,223,000, a significant increase from $101,881,000 in 2024[43] - Adjusted net earnings for FY 2025 were $156.4 million, up from $123.2 million in FY 2024, indicating a 27% growth[39] - The company reported a depreciation and amortization expense of $75,021,000 for the year ended September 30, 2025, compared to $52,155,000 in 2024, indicating a 43.8% increase[43] Future Outlook - Management expects FY 2026 sales growth of 16% to 20%, with A&D segment projected to grow 33% to 38%[18] - FY 2026 Adjusted EPS is anticipated to increase 24% to 29% to a range of $7.50 to $7.80 per share[18]