Financial Performance - The company's customer base has grown significantly, reaching 127 million in Q3'25[17] - The average revenue per active customer (ARPAC) has increased to $13 in Q3'25[19] - Gross profit reached $1815 million in Q3'25[24] - The company reported a net income of $783 million in Q3'25[26] - The efficiency ratio is 28% in Q3'25[26] Portfolio and Deposits - The total loan portfolio reached $304 billion in Q3'25, with a YoY growth of 42%[58] - Total originations reached $42 billion in Q3'25, with a YoY growth of 40%[63] - Deposits reached $388 billion in Q3'25, with a YoY growth of 34%[65] Brazil vs Mexico - Brazil has 1101 million total customers, representing 61% of the adult population, with an ARPAC of $135[45] - Mexico has 131 million total customers, representing 14% of the adult population, with an ARPAC of $125[45]

Third Quarter 2025 Earnings Call Enabling the world's transition to sustainable materials USE OF PROJECTIONS. This presentation contains Origin's projected financial information. Such projected financial information is forward-looking and is for illustrative purposes only. It should not be relied upon as being indicative of future results. The assumptions and estimates underlying such projected financial information are inherently uncertain and are subject to many significant business, economic, competitive ...

Financial Performance - Collections grew significantly, up 63% to $237 million compared to Q3'24, driven by 2023 and 2024 deployments[9] - The company achieved its largest third-quarter deployments in history, totaling $151 million, a 22% increase from Q3'24[9] - Estimated Remaining Collections (ERC) reached a new record of $29 billion, a 27% increase compared to Q3'24, propelled by attractive returns on deployments[9] - Revenue increased by 36% to $151 million compared to Q3'24[9] - Adjusted EPS was $074[9] Efficiency and Profitability - The Cash Efficiency Ratio was 722%[9] - Adjusted Pre-tax Return On Average Equity (ROAE) was 517%[32] Bluestem Portfolio Purchase - Jefferson Capital is set to acquire a credit card asset portfolio from Bluestem Brands for a gross purchase price of $3028 million, representing a face value of approximately $4882 million as of June 30, 2025[29] - The net purchase price at closing, assuming an illustrative date of December 1, 2025, is expected to be approximately $195 million[29] Leverage and Funding - The leverage ratio is 159x, calculated as Net Debt divided by Adjusted Cash EBITDA[32] - The company completed the largest upsize of its Revolving Credit Facility (RCF) in its history, increasing commitments to $1 billion[41]

Financial Performance - Revenue for Q3 2025 remained consistent with Q3 2024 at $0.4 million, attributed to access fees for future astronauts[36] - Total operating expenses decreased to $67 million from $82 million in the prior year period, reflecting a shift from R&D to capital investments and cost structure reduction[36] - Net loss improved to $64 million compared to $75 million in the prior year period, primarily due to lower operating expenses[36] - Adjusted EBITDA was $(53) million, an improvement from $(59) million in the prior year period[36] - Free cash flow was $(108) million, compared to $(118) million in the prior year period[36] - The company raised $23 million in gross proceeds through an at-the-market equity offering program[36] Cash Flow and Balance Sheet - Free cash flow for Q3 2025 was $(108) million[37] - Q4 2025 free cash flow is expected to be in the range of $(90) million to $(100) million[37] - Cash, cash equivalents, and marketable securities totaled $424 million as of September 30, 2025, which includes $30 million of restricted cash[41, 40] Future Projections (Illustrative Economics) - With an initial fleet, annual revenue is projected at $450 million, potentially growing to $990 million with an expanded fleet[43] - Contribution margin could increase from $370 million to $825 million with fleet expansion[43] - Adjusted EBITDA is projected to increase from $90 million - $115 million to $450 million - $500 million with fleet expansion[43] - Adjusted EBITDA percentage could rise from 20%-25% to 45%-50% with fleet expansion[43]

Financial Performance - Q3 2025 revenue reached $18.7 million, a 20% increase quarter-over-quarter (QoQ) and a 21% increase year-over-year (YoY) [7] - GAAP gross loss was $(8.1) million, while non-GAAP gross loss was $(7.3) million [7] - GAAP operating expenses (OpEx) totaled $66.6 million, with non-GAAP OpEx at $43.0 million, a decrease from $47.0 million in Q2 2025 [8] - Free Cash Flow (FCF) was $(48.5) million, compared to $(53.8) million in Q2 2025 [11] - The company shipped approximately 5.4k LiDARs in Q3 2025, compared to approximately 4.8k in Q2 2025 [11] Liquidity and Capital Structure - Cash and marketable securities stood at $74 million [9] - The QoQ change in cash was $(33.6) million, slightly above the Q2 2025 pace of $(30.6) million [11] - The company entered into forbearance agreements with the majority of secured noteholders to discuss a longer-term capital structure solution [9] Technology and Applications - Luminar's 1550nm LiDAR technology offers advantages such as eye safety, long-range detection, and atmospheric penetration [4] - The company's technology enables L3+ autonomy and applications in trucking, security, and defense [6]

Fiscal Year 2025 Highlights - The company's average active community count increased by 14% to 164 in FY25[11] - The company's net debt to net capitalization finished below 40%[11] - The company's book value per share grew by 6% through profitability and $33 million in share buybacks[11] Operational Response - The company rebid labor and material costs, resulting in approximately $10,000 savings per home[16] - The company reduced headcount, achieving $12 million in run-rate savings[16] - The company sold land for strategic alignment, generating $63 million in FY25 proceeds and expecting over $100 million in FY26[16] - The company increased the lot option percentage by 4 points to 62%[16] Q4 2025 Results - The company's new home orders were 999, a decrease of 2.9% year-over-year[29] - The company's homebuilding revenue was $750.8 million, a decrease of 4.2% year-over-year[29] - The company's closings were 1,406, a decrease of 6.0% year-over-year[29] - The company's adjusted EBITDA was $63.8 million, a decrease of 31.5% year-over-year[29] - The company's homebuilding gross margin was 17.2%, a decrease of 320 bps year-over-year[29] Liquidity and Capitalization - The company's net debt to net capitalization was 39.5%[35] - The company's total liquidity was approximately $540 million, up approximately $35 million versus September 30, 2024[35]

Q3 2025 Performance - Gross Merchandise Sales (GMS) reached $2.4 billion, an 11% year-over-year increase[16] - Excluding the impact of the Eras Tour, GMS growth would have been 24% year-over-year[16] - Revenue totaled $468 million, reflecting an 8% year-over-year growth[18] - Adjusted EBITDA was $67 million, a 21% increase year-over-year, with a 14% margin[19] Strategic Initiatives and Financial Position - Successfully completed an IPO and used the proceeds to pay down $750 million in debt[11] - The debt repayment is projected to save approximately $75 million in annual cash debt service costs[11, 46] - Net leverage decreased to 3.9x post-IPO[46] Market Opportunity and Scale - The company estimates a total addressable market of $194 billion today, with a future potential of $726 billion including adjacent categories[38] - Trailing twelve-month (TTM) GMS reached $9.4 billion[34] - The company has consistently maintained an approximately 20% service fee per transaction[32]

Product & Technology - ESS launched the Energy Base, a new product featuring modular powertrains called the Iron Core, designed for gigawatt-hour storage capacity[11, 20] - The Energy Base extends duration up to 22 hours by scaling electrolyte volume, unlocking green baseload power and reducing $/kWh cost[29] - ESS iron flow battery modules are capable of storing up to 22 hours of energy[29] Market & Strategy - Data centers' electricity demand is estimated to grow to 800 TWh by 2026, putting pressure on infrastructure[33] - Power disruption accounts for 54% of impactful data center outages[36] - ESS products offer a safe, scalable, and cost-effective alternative to gas generators for data centers[34] Financial Performance - Q3 2025 revenue was $0.2 million, a 40% decrease compared to $0.4 million in Q3 2024[50] - Q3 2025 net loss was $10.4 million, a 54% improvement compared to $22.5 million in Q3 2024[50] - Adjusted EBITDA for Q3 2025 was a loss of $7.17 million, a 62% improvement compared to a loss of $18.87 million in Q3 2024[50, 52]

Investor Presentation Q3 2025 As of November 13, 2025 Safe Harbor Statement/Non-GAAP Measures All information in this presentation is as of November 13, 2025. Forward-Looking Statements Certain statements included in this presentation are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1996, as amended. Forward-looking statements are statements other than statements about historical fact. The forward looking statements ...

Financial Performance - Fiscal Year 2025 revenue reached a record $28.4 billion, a 4% year-over-year increase[8] - Non-GAAP earnings per share (EPS) for Fiscal Year 2025 were $9.42, a 9% year-over-year increase[8] - Non-GAAP gross margin for Fiscal Year 2025 was 48.8%, a 120 basis points increase year-over-year[8] - Applied Global Services (AGS) achieved record revenue, growing 3% year-over-year to $6.4 billion[12] - Semiconductor Systems Group revenue was $20.8 billion, a 4% year-over-year increase[12] Future Outlook - The company anticipates first quarter fiscal year 2026 revenue of approximately $6.85 billion, plus or minus $500 million[49] - The company anticipates first quarter fiscal year 2026 non-GAAP EPS of approximately $2.18, plus or minus $0.20[49] Capital Allocation - The company is committed to distributing 80-100% of free cash flow (FCF) to shareholders over time[40, 53] - As of the end of Fiscal Quarter 4 2025, $14.0 billion remained on the share repurchase authorization[40, 53]