WM Technology, Inc. Q2 2025 Results August 7, 2025 Disclaimer This presentation is provided for informational purposes only and has been prepared to assist interested parties in making their own evaluation with respect to WM Technology, Inc. ("WM", the "Company", "we", "us", "our") and for no other purpose. References in this presentation to the "10- Q" refer to the Quarterly Report on Form 10-Q for the period ended June 30, 2025 to be filed with the Securities and Exchange Commission (the "SEC"). No repres ...

E x p e r i e n c e | S e c u r i t y | C o n s i s t e n c y Overview of Merger Between Horizon Technology Finance Corporation (HRZN) and Monroe Capital Corporation (MRCC) August 7, 2025 1 Forward-Looking Statements and Disclaimers Unless otherwise stated, all financial information and other data presented in this presentation is as of June 30, 2025. Forward-Looking Statements Some of the statements in this presentation constitute forward-looking statements because they relate to future events, future perf ...

Q1 FY26 Earnings August 7, 2025 Forward-Looking Statements This presentation contains statements which may be considered forward-looking within the meaning of the U.S. federal securities laws. In some cases, you can identify these forward-looking statements by the use of terms such as "expect," "will," "continue," or similar expressions, and variations or negatives of these words, but the absence of these words does not mean that a statement is not forward-looking. All statements other than statements of hi ...

August 7, 2025 Supplemental Financial Information Use of Non-GAAP Financial Measures Inogen has presented certain financial information in accordance with U.S. GAAP and also on a non-GAAP basis for the three and six months ended June 30, 2025, and June 30, 2024. Management believes that non-GAAP financial measures, taken in conjunction with U.S. GAAP financial measures, provide useful information for both management and investors by excluding certain non-cash and other expenses that are not indicative of In ...

Financial Performance - GAAP consolidated statements of income (loss)显示，截至2025年6月，净亏损为1201.1万美元[7] - 归属于StepStone Group Inc的GAAP净亏损为3842.4万美元，即每股亏损0.49美元[7,8] - 截至2025年6月，调整后的净收入（ANI）为4853.4万美元，同比下降15%[9] - ANI每股0.40美元，同比下降17%[9] - 费用收入同比增长19%，达到2.127亿美元[9,12] - 实际业绩费用总额下降42%[9,12] - 费用相关收益（FRE）增长13%，达到8120万美元[9,12] Assets Under Management (AUM) and Advisement (AUA) - 资产管理规模（AUM）达到1993亿美元，同比增长18%[11,15] - 费用收入资产管理规模（FEAUM）达到1272亿美元，同比增长27%[11,18] - 待配置的费用收入资本为287亿美元，同比增长4%[11] - 顾问管理资产（AUA）为5240亿美元[15,18] Capital Raising and Deployment - 过去12个月内，为独立管理账户（SMA）筹集了180亿美元的新资本[12,18] - 过去12个月内，为混合基金筹集了100亿美元[12,18]

Financial Performance - Q2 2025 - Revenue reached $366.2 million, a 10% sequential increase and a 14% year-over-year increase[24, 23] - GAAP gross profit was $115.3 million, with a GAAP gross margin of 31.5%[24, 31] - Non-GAAP EPS was $0.32, a 68.4% sequential increase[24] - Non-GAAP net income was $15 million, a 70.5% sequential increase[24, 31] - EBITDA reached $84.5 million, representing 23.1% of revenue[24, 31] - Cash flow from operations was $41.5 million, representing 11.3% of revenue[24, 31] - The company holds $333 million in cash and cash equivalents with $54 million in total debt[23, 24] Future Outlook - Q3 2025 - The company expects revenue of approximately $392 million, plus or minus 3%, representing a 12% year-over-year growth at the mid-point[3, 33] - GAAP gross margin is expected to be 31.6%, plus or minus 1%[3, 33] - Non-GAAP operating expenses are expected to be approximately 26% of revenue, plus or minus 1%[3, 33] - Net interest income is expected to be approximately $1 million[3, 33]

Investor Presentation Fiscal First Quarter 2026 A Leading Provider of Smart, Connected and Secure Embedded Solutions SAFE HARBOR Forward Looking Statement Safe Harbor: During the course of this presentation, we will make projections or other forward-looking statements regarding the future financial performance of the company (including our guidance) or future events, including our strategy, growth drivers, industry trends, end markets, our long-term model, market size, PIC64 opportunity, 10Base-T1S opportun ...

Financial Performance - Q4 2025 revenue reached $282.8 million, a 14% year-over-year increase[5] - FY2025 revenue totaled $1.074 billion, reflecting a 12% year-over-year growth[5] - Core IoT revenue grew by 55% year-over-year in Q4 2025 and 53% year-over-year for FY2025[5, 7] - Non-GAAP gross margin for FY25 was 53.6%, and for Q4'25 it was 53.5%[7] - Non-GAAP diluted earnings per share for FY25 was $3.62, a 61% increase year-over-year[14] Segment Revenue (Q4'FY25) - Core IoT revenue was $84 million[11] - Enterprise & Auto revenue was $150 million[11] - Mobile revenue was $49 million[11] Q1'FY26 Guidance - Revenue is projected to be $290 million, plus or minus $10 million[30] - Core IoT is expected to contribute 32% to the revenue mix[30] - Enterprise & Auto is expected to contribute 53% to the revenue mix[30] - Mobile is expected to contribute 15% to the revenue mix[30]

Financial Performance - Revenue for 2Q25 was $362.2 million, a 42% increase compared to 2Q24 and a 20% increase compared to 1Q25[17, 45] - Gross profit for 2Q25 was $97.1 million with a gross margin of 26.8%[17, 47] - Adjusted EBITDA for 2Q25 was $63.6 million, representing a 15% year-over-year growth compared to 2Q24 and an adjusted EBITDA margin of 17.5%[17, 45, 47] - Adjusted EPS for 2Q25 was $0.25, a 26% increase year-over-year[45, 47] - The company generated $37.2 million in free cash flow during 2Q25[47] Strategic Initiatives - Array Technologies is acquiring APA Solar to expand its product offerings and addressable market, with an expected high-single-digit percentage accretion to Adjusted EPS before synergies[17, 23] - The company renewed its Revolving Credit Facility and issued $345 million in convertible notes while repurchasing $100 million of existing 2028 convertible notes[17] - Order book stands at $1.8 billion, with OmniTrack™ & SkyLink™ representing over 35% of the order book[17] Guidance - The company revised its full-year 2025 revenue guidance to $1.180 billion - $1.215 billion[58] - Adjusted EBITDA guidance is maintained at $185 million - $200 million[58]

Financial Performance - Revenue reached $4443 million, which includes a $46 million reduction due to favorable prior year claims development[6] - Adjusted EBITDA was $375 million, placing it in the upper range of expectations, with an adjusted EBITDA margin of 85%[6] - The company reported a net loss attributable to common shareholders of $511 million for Q2 2025, compared to a net loss of $64 million in Q2 2024[6] Growth & Outlook - Evolent announced four new revenue arrangements in Tech & Services and the Performance Suite, bringing the year-to-date total to 11 new arrangements[6] - The company updated the Q1 2026 go-live date for a new relationship with a large national Performance Suite partner to ensure optimal data exchange[6] - The 2025 full-year revenue is projected to be between $185 billion and $188 billion, with adjusted EBITDA between $140 million and $165 million[8] Capital & Liquidity - As of June 30, 2025, Evolent had $1510 million in cash and cash equivalents, along with $625 million in revolver availability[6] - The period-end net leverage stood at 53x based on LTM Adjusted EBITDA of $1288 million[6] - Total debt was reported as $820574 million, with net debt at $686505 million[18]