Financial Performance - Q2 2025 - Revenue increased by 1% year-over-year, from $74.9 million in Q2 2024 to $75.6 million in Q2 2025 [13] - Gross profit decreased by 2% year-over-year, from $58.6 million in Q2 2024 to $57.2 million in Q2 2025 [13] - Adjusted EBITDA decreased by 6% year-over-year, from $33.7 million in Q2 2024 to $31.8 million in Q2 2025 [13] - Free cash flow increased by 17% year-over-year, from $19.3 million in Q2 2024 to $22.6 million in Q2 2025 [13] - Free Cash Flow conversion increased from 57% to 71% [13] Segment Performance - Consumer Payments revenue increased by 2% year-over-year, from $69.3 million in Q2 2024 to $70.5 million in Q2 2025 [18] - Business Payments revenue increased by 9% year-over-year excluding political media, but decreased by 3% as reported [21] Liquidity and Debt - Total liquidity was $413 million as of June 30, 2025 [25, 49] - Net leverage ratio was 2.5x as of June 30, 2025, with net debt of $345 million and LTM Adjusted EBITDA of $137 million [27] Outlook - The company reiterates its previously provided financial outlook and expects sequential quarterly acceleration in normalized growth year-over-year [32]

Financial Performance - Q2 2025 revenue was $47.4 million[21] - Nucleic Acid Production (NAP) revenue was $31.1 million, representing 66% of total revenue[37] - Biologics Safety Testing (BST) revenue was $16.3 million, accounting for 34% of total revenue[37] - The company reported a GAAP net loss of $69.8 million, which includes a $30.4 million non-cash goodwill impairment charge[27] - Adjusted EBITDA was negative $10.4 million, with an adjusted EBITDA margin of -22%[27] - Basic and Diluted EPS were both negative $0.27, while Adjusted EPS was negative $0.08[29] Balance Sheet and Cash Flow - Cash used in operations during Q2 2025 was $10.3 million[33] - The company's cash position is $270 million, with long-term gross debt of $297 million, resulting in net cash of negative $27 million[33] Strategic Initiatives - A restructuring plan is in place, targeting more than $50 million in annual cost savings[15, 39] - The company aims to return to positive adjusted EBITDA in the second half of 2026[15] - The company is targeting positive free cash flow in the second half of 2026[15]

Q2 2025 Financial Performance - Non-GAAP Revenue increased by 24% to $501 million[5,19] - Adjusted EBITDA increased by 34% to $45 million[5,19] - Non-GAAP EPS increased by 60% to $040[5,20] Segment Performance - B2B Services revenue increased by 38% to $3487 million[21] - Consumer Services revenue decreased by 4% to $931 million[21] - Money Movement revenue decreased by 4% to $508 million[21] - B2B Services segment profit increased by 47%[21] - Consumer Services segment profit decreased by 4%[21] - Money Movement segment profit decreased by 3%[21] Key Metrics - Active accounts increased by 2%[6,28] - B2B Services active accounts increased by 10%[30,50] - Consumer Services active accounts declined by 5%[30,41] 2025 Guidance and Outlook - Projected Non-GAAP Revenue is $20 billion-$21 billion, representing approximately 20% growth at the midpoint[62,64] - Projected Adjusted EBITDA is $160 million-$170 million[62] - Projected Non-GAAP EPS is $128-$142[62]

Company Overview - AlTi Global manages or advises on approximately $97 billion in combined assets[4] - The company boasts a client retention rate of 96% since 2021[11] - Approximately 59% of Wealth Management AUM/AUA is from the U S, while 41% is from non-U S sources[11] Financial Performance (Q2 2025) - Total revenue reached $53 million, a 7% increase compared to Q2 2024's $49 5 million[71] - Wealth Management and Capital Solutions (WM & CS) revenue was $52 million, with management fees at $49 million, up 8% and 6% year-over-year, respectively[70] - AUM/AUA increased by 35% year-over-year to $97 2 billion[71] Strategic Initiatives - AlTi Global finalized an expense optimization plan using Zero-Based-Budgeting (ZBB), expecting $20 million in annual gross savings over the next two years[70] - The company completed the acquisition of Kontora, a Hamburg-based MFO with $16 billion in AUA/AUM, on April 30, 2025[70] - Strategic investments from Allianz X and CWC provide up to $450 million to fuel AlTi's M&A pipeline and accelerate international expansion[15]

Financial Performance - Second quarter 2025 revenue reached $59.6 million, exceeding the midpoint of the guidance range of $57 million to $60 million[8] - Adjusted EBITDA for 2Q25 was $2.9 million, surpassing the high end of the guidance range of $(4) million to $(2) million[8] - Recurring revenue accounted for 92% of total revenue in 2Q25, amounting to $55.0 million[8] - The company anticipates revenue between $56 million and $59 million for 3Q25, representing a year-over-year decline of 25% to 21%[19] - Full year 2025 revenue is projected to be in the range of $230 million to $240 million, a year-over-year decrease of 26% to 23%[19] Key Transactions - The company entered into an agreement to exchange $341.1 million of its outstanding 2026 Convertible Senior Notes for $45.0 million in cash, $115.0 million of 2029 Senior Subordinated Secured Notes, and Common and Preferred Equity[8] Customer Metrics - The average revenue per customer (ARPC) for 2Q25 was $655,000[16] - Net revenue retention rate for recurring revenue in 2Q25 was 78%[16] - Remaining performance obligations totaled $197 million in 2Q25[16] Business Updates - Total deal count in 2Q25 was 38, including 35 expansion & renewal deals and 3 new logo wins[8] - There was a 45% sequential increase in conversations leveraging LivePerson Generative AI capabilities[8]

Financial Performance - Total revenues were $577.9 million, a 13.3% year-over-year increase, but down 46.2% quarter-over-quarter due to market conditions[45, 58] - Crypto services revenue was $568.1 million[45, 69] - Loyalty services revenue was $9.8 million, down 23.3% year-over-year but up 6.8% quarter-over-quarter[46, 69] - Total operating expenses were $596.4 million, up 12.1% year-over-year and down 45.5% quarter-over-quarter[54, 58] - Adjusted EBITDA loss was $12.6 million, improved 29.9% year-over-year[62, 63] Key Metrics - Crypto trading volume increased 14% year-over-year and 69% since Q2 2023[36] - Quarterly notional crypto traded volume reached $565 million in Q2 2025[39, 42] - Assets under custody were $1,355 million[44] Strategic Initiatives - Bakkt is realigning as a pure-play crypto infrastructure company, including the divestiture of non-core assets like the Custody business[10] - The company is focusing on three pillars: Brokerage-in-a-box, Stablecoin Payments, and Bitcoin treasury strategy[11, 12] - Bakkt initiated a Bitcoin treasury strategy with a 30% ownership stake in MarushoHotta Co (MHT), rebranding it to bitcoin.jp[26, 27, 30]

Financial Performance - ACV Auctions' Q2-25 revenue reached $194 million, a 21% year-over-year increase compared to $161 million in Q2-24[13] - Adjusted EBITDA for Q2-25 was $19 million, significantly higher than the $7 million in Q2-24[13] - Marketplace units in Q2-25 totaled 210,000, up from 187,000 in Q2-24[13] - The company anticipates full year 2025 revenue to be between $765 million and $775 million, representing a year-over-year growth of 20% to 22%[70] - Adjusted EBITDA for the full year 2025 is projected to be between $68 million and $72 million, with an Adjusted EBITDA margin of approximately 9%[70] Revenue Streams - SaaS & Data Services accounted for 57% of revenue in Q2-25, showing approximately flat year-over-year growth[60] - Data-enabled solutions contributed 38% to the revenue in Q2-25, with a 25% year-over-year increase[60] - Marketplace Services made up 5% of the revenue in Q2-25, reflecting a 20% year-over-year increase[60] Operational Efficiency - Non-GAAP cost of revenue decreased from 49% of revenue in Q2-24 to 47% in Q2-25[63] - Non-GAAP operating expenses (excluding cost of revenue) also decreased from 50% of revenue in Q2-24 to 47% in Q2-25[63] Capital and Cash Flow - As of June 30, 2025, ACV Auctions had $305 million in cash, cash equivalents, and marketable securities[68] - Operating cash flow for the first half of 2025 was $80 million, a 70% increase year-over-year compared to $47 million in the first half of 2024[68]

Financial Performance - Oklo reported a loss from operations of $28 million for Q2 2025 [59] - The loss before income taxes for Q2 2025 was $243 million [59] - Cash used in operating activities YTD 2025 totaled $3071 million [60] - Oklo's cash and marketable securities amounted to approximately $683 million as of June 30, 2025 [29] Licensing and Regulatory Progress - The NRC accepted Oklo's licensed operator topical report for review [29] - Oklo completed Phase I of the NRC pre-application readiness assessment for the Aurora-INL combined license application (COLA) [29, 32] - Oklo is targeting submission for Phase I of Aurora-INL's COLA early Q4 2025 [32] Fuel Strategy and Supply - Oklo secured 5 metric tons of HALEU fuel from the U S Department of Energy in 2019 [33] - Oklo is collaborating with Hexium to expand the commercial HALEU supply [29, 33] - Oklo's fast reactors can utilize spent nuclear waste recovered by Oklo's nuclear fuel recycling technology [33] Partnerships and Project Execution - Kiewit was selected as the lead constructor for the Aurora-INL project [29, 43] - Oklo and Korea Hydro & Nuclear Power (KHNP) signed a collaboration agreement [29, 46] - Oklo and Vertiv partnered to advance solutions for U S data centers [29, 49]

Second Quarter 2025 August 11, 2025 Important Information Important Information and Where to Find it In connection with the Transaction, WOW! will file with the SEC a proxy statement on Schedule 14A, the definitive version of which will be sent or provided to Company stockholders. WOW!, affiliates of WOW! and affiliates of each of DigitalBridge and Crestview intend to jointly file a transaction statement on Schedule 13E-3 (the "Schedule 13E-3") with the SEC. WOW! may also file other documents with the SEC r ...

Business Highlights - AST SpaceMobile is preparing to deploy nationwide intermittent service in the United States by the end of 2025, followed by the United Kingdom, Japan, and Canada in Q1 2026[11, 14] - The company has completed assembly of microns for phased arrays of eight Block 2 BlueBird satellites and expects to complete assembly of 40 satellites equivalent of microns by early 2026[11, 16] - AST SpaceMobile has expanded its spectrum strategy with an agreement to acquire 60 MHz of global S-Band spectrum priority rights, aiming to deliver up to 120 Mbps peak data rates per cell[12, 22] - The company has advanced commercialization efforts with agreements with more than 50 mobile network operators globally, representing nearly 30 billion existing subscribers[11, 26, 29] - AST SpaceMobile has demonstrated tactical non-terrestrial network (NTN) connectivity and signed two additional early-stage contracts for the U S Government end customer, bringing the total to eight contracts to date[31] Financial Position - As of June 30, 2025, AST SpaceMobile had over $15 billion in balance sheet cash, cash equivalents, and restricted cash, pro forma for convertible notes offering and sales under the now terminated ATM facility[11, 35, 36] - Adjusted operating expenses for Q2 2025 were $517 million[35, 37] - Capital expenditures in Q2 2025 reached $3228 million[35] - The company's manufacturing footprint is expected to grow to over 400000 square feet by the end of 2025[19]