Q3 FY25 Financial Performance - Total company Book-to-bill was approximately 10, consistent with the normal historical range[7] - Reported sales increased by 5% year-over-year, with organic sales up over 4%[7] - Total Annual Recurring Revenue (ARR) grew by 7% year-over-year[7] - GAAP pretax margin was 160% and diluted EPS was $260[7] - Segment operating margin was 212% and Adjusted EPS was $282, exceeding expectations[7] - Achieved approximately $250 million in year-over-year productivity benefits, ahead of schedule[7] - Free Cash Flow was $489 million, compared to $238 million in Q3 FY24[14] Segment Performance - Discrete segment sales increased by approximately 10% organically, with Automotive up low teens and e-Commerce & Warehouse Automation up approximately 30%[8] - Software & Control segment sales increased by 23% due to 22% organic growth[15] - Lifecycle Services segment sales decreased by 6% organically[15] Regional Performance - North America is expected to be the strongest region in FY25, with Q3 FY25 organic sales growth of 7%[10, 11] - Latin America organic sales decreased by 14%[10] Full Year Outlook - Updated reported and organic sales growth range to (2)% to 1% year-over-year[13] - Adjusted EPS range updated to $980 - $1020[13] - Expect segment margin of approximately 20%, including over $250 million benefit from cost reduction and margin expansion actions[13] - Expect Free Cash Flow conversion of approximately 100%[13]

Financial Performance - Total revenue for Q2 2025 was $239 million, a 42% decrease compared to $415 million in Q2 2024[32] - Licensing, royalties, and other revenue amounted to $229 million in Q2 2025, a 42% decrease from $393 million in Q2 2024[32] - Product sales were $11 million in Q2 2025, a 52% decrease compared to $23 million in Q2 2024[32] - Combined R&D and SG&A expenses decreased by 41% in Q2 2025 compared to Q2 2024[26,39] - SG&A expenses decreased by 57% in Q2 2025 as the company transitions lead global commercial leadership to Sanofi[26,39] - The company had combined cash and accounts receivable of $854 million as of June 30, 2025, including $628 million in cash[28] and $226 million in accounts receivable[28] Strategic Updates - The company is prioritizing the Sanofi partnership and seeking additional partnerships to leverage its technology platform and pipeline[10] - The company anticipates receiving up to $50 million in Sanofi milestones in the fourth quarter of 2025[29] - The company updated its full-year 2025 guidance to incorporate the Nuvaxovid postmarketing commitment (PMC) study[27] Pipeline Development - The company intends to partner both the COVID-Influenza Combination (CIC) vaccine and stand-alone flu vaccine candidates, with ongoing discussions with potential partners[18] - Pre-clinical H5N1 data was published in Nature Communications, highlighting robust immune responses after a single or two-dose administration[19] Financial Outlook - The company expects adjusted total revenue for full year 2025 to be between $1 billion and $105 billion[46] - The company is targeting combined R&D and SG&A expenses less partner reimbursement of approximately $350 million in 2026 and $250 million in 2027[45]

Financial Performance - Orders increased by 6% year-over-year and 9.5% sequentially[13, 18] - Revenue decreased by $5.9 million year-over-year[25] - Revenue increased sequentially by $1.5 million[24] - Gross margin improved to 42.6%, a 200 bps increase year-over-year[30] - Reduced debt by $4.9 million during the first half of 2025, including $1.7 million in Q2[13, 50] Market Dynamics - Auto/EV sector orders increased by 39.6%, with Alfamation contributing $5.6 million[23] - Semiconductor sector orders decreased by $2.3 million and $3.7 million[23] - Industrial sales increased by 11%[29] Liquidity and Capital Structure - Cash and cash equivalents totaled $19.2 million as of June 30, 2025[49, 61] - Total debt was $10.1 million as of June 30, 2025[49] - Approximately $59 million in liquidity at June 30, 2025, including borrowing capacity[50] Future Outlook - Expects revenue to be $28 million to $30 million for Q3 2025[57] - Anticipates gross margin similar to Q2 2025[57] - Projects operating expenses of $12.6 million to $13.1 million for Q3 2025, excluding restructuring expenses[57]

© 2025 Bentley Systems, Incorporated. All rights reserved. August 6, 2025 1 Bentley Systems Second Quarter 2025 Results Agenda © 2025 Bentley Systems, Incorporated. All rights reserved. 3 Perspectives from the Executive Chair, Greg Bentley 01 © 2025 Bentley Systems, Incorporated. All rights reserved. 4 Total addressable market ("TAM") Perspectives from the Executive Chair 01 © 2025 Bentley Systems, Incorporated. All rights reserved. 2 Perspectives from the CEO 02 Perspectives from the CFO 03 Q&A 04 Disclaim ...

Financial Performance - In Q2 2025, trivago experienced revenue growth, confirming strong momentum[17] - Total revenue for Q2 2025 increased year-over-year[18] - The Last Twelve Months (LTM) total revenue reached €504 million, a 7% increase[24] - Adjusted EBITDA for the LTM Q2 2025 was €13.1 million, an increase of €4.4 million[24] Strategic Focus - trivago is focused on capturing demand through brand marketing, search improvements, and content enhancement[27] - The company aims to match demand and supply by offering deals and partnerships[27] - Core feature improvements are expected to substantially improve conversion rates[27] - A differentiated member proposition is aimed at increasing logged-in users across all segments[27] Partnerships and Acquisitions - trivago expanded its smart bidding and transaction-based model to over 120 partners[51] - The acquisition of Holisto was completed on July 31, 2025, for USD 25.5 million (approximately EUR 22.3 million)[56] - The acquisition of Holisto allows trivago to accelerate the expansion of trivago Book & Go[54]

Financial Performance - Revenue reached $215.4 million, a 6.4% year-over-year increase[9] - Total shipments amounted to $206.4 million, up 1.9% year-over-year[9] - GAAP gross margin was 48.5%, compared to 47.8% in Q2 2024[9] - Non-GAAP gross margin was 48.7%, versus 48.2% in Q2 2024[9] - GAAP operating income was $31.7 million, down 15.7% year-over-year, representing 14.7% of revenue[9] - Non-GAAP operating income was $41.5 million, a 20.2% year-over-year decrease, accounting for 19.3% of revenue[9] - Diluted GAAP earnings per share were $0.44, compared to $0.35 in Q2 2024[9] - Diluted non-GAAP earnings per share were $0.54, slightly down from $0.55 in Q2 2024[9] Revenue Breakdown by Product Category - ECP, Furnace & Other contributed $155.0 million in revenue, up 1.1%, representing 72% of the revenue mix[13] - Cleaning products generated $48.0 million in revenue, a 23.2% increase, accounting for 22% of the revenue mix[13] - Advanced Packaging & Other brought in $12.4 million in revenue, up 20.4%, representing 6% of the revenue mix[13]

Financial Performance - Group revenue increased by 24% year-on-year to $119 million in Q2 2025, driven by 30% growth in Betting revenue[12] - Group Adjusted EBITDA reached a record $34 million in Q2 2025, a 64% increase year-on-year[12] - Group Adjusted EBITDA margin reached a record 29% in Q2 2025, representing a 700 bps expansion year-on-year[12] - The company is raising 2025 Group Revenue guidance from $620 million to $645 million, implying year-on-year growth of 26%[12] - The company is raising 2025 Group Adjusted EBITDA guidance from $125 million to $135 million, implying 57% year-on-year growth and ~410 bps of margin expansion to 21%[12] Business Expansion and Partnerships - The company expanded and extended its exclusive NFL partnership through the 2030 Super Bowl[12] - The company secured exclusive data & streaming rights to Serie A, previously held by Stats Perform[12] - The company secured exclusive data rights to the European Leagues, previously held by IMG Arena[12] Technology and Innovation - The company showcased cutting-edge GeniusIQ technology for the FIBA U19 Basketball World Cup[12] - The company is launching a new partnership with the Belgian Pro League to provide semi-automated offsides technology[12]

Financial Performance - As of June 30, 2025, Acacia Research Corporation reported a book value of $577.5 million[8] - The book value per share (BVPS) was $5.99, representing approximately 16% growth since the new management team's constitution[8] - The company's cash and public securities totaled $338.2 million[8] - The market capitalization stood at $345.3 million, calculated based on 96.4 million common shares outstanding and a closing share price of $3.58 on June 30, 2025[8, 10] - Last Twelve Months (LTM) total company revenue was $247.8 million[8] - LTM total company adjusted EBITDA was $59.1 million[8] Debt and Operations - The parent company had no corporate debt, while the consolidated total indebtedness was $104.4 million in non-recourse debt at Benchmark and Deflecto as of June 30, 2025[8, 10] - For the three months ended June 30, 2025, Energy Operations Adjusted EBITDA was $7.0 million, Industrial Operations Adjusted EBITDA was $0.6 million, Manufacturing Operations Adjusted EBITDA was $1.3 million, and Intellectual Property Operations Adjusted EBITDA was negative $2.1 million[71] - For the three months ended March 31, 2025, Energy Operations Adjusted EBITDA was $7.9 million, Industrial Operations Adjusted EBITDA was $1.0 million, Manufacturing Operations Adjusted EBITDA was $2.4 million, and Intellectual Property Operations Adjusted EBITDA was $43.3 million[73]

Company Overview & Strategy - Townsquare is a community-focused digital and broadcast media and digital marketing solutions company, primarily focusing on underserved small and mid-sized local markets outside the Top 50 markets in the U S[12] - The company has transformed into a Digital First Local Media Company, with over 55% of profit and revenue in the first half of 2025 sourced from digital advertising divisions and subscription digital marketing solutions[12] - The company's digital audience is approximately 5 times the size of its terrestrial radio audience[12] Financial Performance & Metrics - As of June 30, 2025, the Last Twelve Months (LTM) net revenue was $447 million and adjusted EBITDA was $101 million[16] - LTM digital net revenue reached $239 million, contributing to 53% of total net revenue and 52% of segment profit[18] - Digital subscription solutions (Townsquare Interactive) accounted for 18% of LTM total revenue and 26% of adjusted EBITDA as of June 30, 2025[18] - The company announced a quarterly dividend of $0 20 per share, representing an approximate 12% dividend yield as of August 5, 2025[17] Digital Segment Details - Digital Advertising segment's LTM net revenue was $162 million with a segment profit of $41 million, representing a 26% profit margin[24,63] - Subscription Digital Marketing Solutions segment's LTM net revenue was $76 million with a segment profit of $23 million[24,69] Broadcast Segment Details - Broadcast Advertising segment's LTM net revenue was $189 million with a segment profit of $49 million, representing a 26% profit margin[27] - The company's AM/FM terrestrial broadcast reaches 50% of adults in its local markets[42]

Company Overview - 1stDibs' mission is to enrich lives with extraordinary design[10] - The company operates an asset-light, two-sided marketplace with network effects, connecting buyers and sellers of luxury goods[14, 15] - 1stDibs has a legacy brand, founded in 2000, and has evolved from a listing service to a full e-commerce marketplace[17] Key Metrics - 1stDibs has over 7 million registered users[20] - The marketplace boasts over $10 billion in seller stock value[20] - Cumulative GMV has reached $3 billion[20] - The average order value (AOV) is $2,600[20] - The average order value (MOV) is $1,350[20] Financial Performance - Q2 2025 revenue was $89 million[20, 31] - Gross margin was 72%[20] - Q2 2025 Adjusted EBITDA was -$1.752 million[43] - Adjusted EBITDA margin for Q2 2025 was -7.9%[43]