US Earnings Financial Results SEC Filings — March 06, 2026

06-03-2026

06-03-2026

MarketWise, Inc. reported total net revenue of $328.1M for 2025, down 19.7% YoY from $408.7M in 2024 and continuing an 8.8% decline from 2023's $448.2M, while billings rose 13.5% to $271.2M. Operating expenses decreased 16.9% to $265.5M, supporting a 19.1% operating margin (down slightly from 21.8% in 2024 but up from 11.6% in 2023), and net cash from operating activities swung to positive $46.0M from negative $22.2M. Net income attributable to MarketWise was $5.6M, a 20.4% decline from $7.1M in 2024 but up sharply from $1.8M in 2023.

• ·Related party revenue declined to $2.4M in 2025 from $3.3M in 2024 and $4.9M in 2023.
• ·Sales and marketing expenses fell 18.5% YoY to $131.0M in 2025, representing 39.9% of revenue (flat vs prior year).
• ·Impairment losses dropped sharply 91.5% to $0.4M in 2025 from $4.4M in 2024.
• ·Net income attributable to noncontrolling interests was $58.4M in 2025, down from $86.0M in 2024.

06-03-2026

Oxford Square Capital Corp.'s investment portfolio ended 2025 at $251.7M, down 3.4% from $260.9M at end-2024, driven by $92.1M acquisitions (down 18% YoY), net unrealized depreciation of $24.3M (vs. $75.7M gain prior year), and realized losses of $16.8M. NAV per share declined from $2.09 in Q1 FY25 to $1.69 in Q4 FY25 amid stock prices trading at premiums to discounts relative to NAV, while quarterly distributions remained stable at $0.105 per share. Debt portfolio at Dec 31, 2025 showed 83.7% fair value in Grade 2 but 16.3% in Grade 3 requiring closer monitoring, with no Grade 4/5 investments.

• ·Year 1 incentive fee: Total Capital Gains Incentive Fee = 0% paid to Oxford Square Management.
• ·Year 2 incentive fee example: 1.6% paid (20% of 8% net capital gains).
• ·Year 3 incentive fee example: 2.0% paid (20% of 10% net capital gains).
• ·2025 portfolio sales: HealthChannels $8.2M, Quest Software $1.6M, Alvaria $1.0M.
• ·Q4 FY26 (through Mar 2, 2026) stock: High $1.98, Low $1.72, Distribution $0.105.

06-03-2026

For the year ended December 31, 2025, Unknown Company reported total revenues of $592.3M, up 12.6% YoY from $525.9M, with rental revenues growing 11.6% and property NOI increasing 12.1% to $409.9M, while Aggregate Fund NAV rose to $5.01B from $4.33B. However, net loss attributable to common stockholders widened 12.3% to $124.8M from $111.1M, driven by higher interest expense (up 7.5%) and a 98.7% drop in equity income from joint ventures, with no real estate sale gains compared to $56.9M prior year. FFO improved 37.6% to $143.3M, but total returns were mixed, including negative one-year trailing returns of -2.84% for Class T-R shares (with sales charge).

• ·Cash provided by operating activities increased to $98.8M from $66.1M YoY.
• ·Same store rental revenues grew 5.6% YoY to $498.3M.
• ·Total stockholders’ equity under GAAP was $1.54B as of Dec 31, 2025.
• ·AFFO was $104.9M for 2025, up from $76.9M in 2024.

06-03-2026

Ares Real Estate Income Trust Inc. (ZARE) reported strong portfolio growth with total investments rising 28% YoY to $8.5B as of Dec 31, 2025, driven by industrial (+43%) and other properties, alongside total revenues up 19.5% YoY to $499M and property NOI increasing 21.6% to $285M. However, the company posted a widened net loss of $127M (vs $57M in 2024), with net loss to common stockholders at $68M and EPS at $(0.37); same-store NOI declined 2.1% YoY to $213M amid residential NOI down 6.9% and flat/slight declines in other segments. FFO dropped sharply to $16M from $89M, while AFFO fell to $27M from $40M.

• ·Cash from operating activities improved to $254M from negative $169M YoY.
• ·Interest expense increased 33.5% YoY to $251M.
• ·Same store average percentage leased: Residential 92.5% (up from 92.0%), Office 77.7% (down from 78.2%).
• ·Total stockholders' equity $655M as of Dec 31, 2025.

06-03-2026

NewLake Capital Partners, Inc. (NLCP) reported FY2025 total revenue of $51.1M, up 1.9% YoY from $50.1M, driven by slight increases in rental income (+1.2%) and fees, with net income attributable to common stockholders rising 0.8% YoY to $26.3M and AFFO up marginally to $43.8M. However, total assets declined 2.5% YoY to $420.8M from $431.5M, net real estate assets fell 4.3% to $370.0M primarily due to $15.5M depreciation, and net cash from operations dipped 2.1% to $42.5M. The portfolio totals $458M in investments across 1.7M sq ft, with 63.5% of rents from leases expiring after 2035 but 30.6% exposed in 2034.

• ·Vacant properties include Massachusetts (145,852 sq ft), Nevada (56,536 sq ft), and Pennsylvania (38,031 sq ft).
• ·Revolving Credit Facility unchanged at $7.6M.
• ·Accumulated Depreciation increased to $57.9M from $44.7M.
• ·Loan Receivable net $4.9M with Current Expected Credit Loss of $71K.
• ·Annualized Base Rent per Leased Square Foot weighted average $32.11.

06-03-2026

Granite Ridge Resources reported revenues of $450.3M for 2025, up 18% YoY from $380.0M, driven by strong production growth of 28% to 11.7 MBo e with oil volumes up 31% and net producing wells up 21% to 245. However, lower average oil prices ($61.63/Bbl, down 16% YoY) and higher lease operating expenses per Boe ($7.27, up 16%) contributed to a 22% decline in net operating income to $46.4M and impairments rising to $44.7M; net income rose 30% YoY to $24.4M but was down 70% from 2023 levels amid increased debt to $385M.

• ·Net cash used in investing activities increased to $410M in 2025 from $311M in 2024 due to higher capex.
• ·Long-term debt rose to $368M at Dec 31 2025 from $205M at Dec 31 2024.
• ·Retained earnings turned negative at -$17.3M at Dec 31 2025 after $57.7M dividend declaration.
• ·Equity investments declined to $11M current + $0 long-term at Dec 31 2025 from $32M + $0.
• ·Common stock dividend declared at $0.44 per share for 2025.

06-03-2026

Chime Financial reported total revenue of $2.19B for the year ended December 31, 2025, up 31% YoY from $1.67B in 2024, driven by 73% growth in platform-related revenue to $686M and 18% increase in payments revenue to $1.50B, alongside 19% growth in active members to 9.5M and 16% rise in purchase volume to $134B. However, net loss ballooned to $1.01B from $25M due to a surge in stock-based compensation to $1.09B and transaction/risk losses more than doubling to $407M, with transaction margin declining to 69% from 74%; operating expenses swelled to $2.96B, particularly in technology/development (+202% to $935M). Adjusted EBITDA improved to positive $127M (6% margin) from a $7M loss.

• ·Gross margin remained flat at 88% YoY.
• ·Cost of revenue increased 27% YoY to $263M.
• ·Technology and development expenses rose 202% YoY to $935M.
• ·Net loss per share diluted: $(4.27) in 2025 vs $(0.39) in 2024.
• ·ARPAM increased 5% YoY to $257.

06-03-2026

Pattern Group Inc. (PTRN) reported strong revenue growth of 39.3% YoY to $2.5B in 2025 from $1.8B in 2024, with cost of goods sold up 39.0% and sales & marketing expenses rising 46.8%. However, profitability declined sharply as net income fell to $16.2M from $67.9M, operating income dropped to $25.4M from $87.2M, and operating margin compressed to 1.0% from 4.9% amid higher operating expenses reaching 99.0% of revenue. Adjusted EBITDA improved to $152.9M from $100.7M, supported by a $104.3M share-based compensation charge and a $32.7M stock amendment expense.

• ·Net cash provided by operating activities increased to $99.4M in 2025 from $70.3M in 2024.
• ·Net cash used in investing activities doubled to $39.8M in 2025 from $20.4M in 2024.
• ·Net cash provided by financing activities swung to $53.7M inflow in 2025 from $2.9M outflow in 2024.
• ·2025 provision (benefit) for income taxes was ($17.0M) compared to $23.4M in 2024.
• ·2023 Adjusted EBITDA was $64.7M and net income $41.3M.

06-03-2026

Guidewire Software reported strong H1 FY26 revenue growth of 25% YoY to $692M, driven by 32% increase in subscription and support revenue to $459M, achieving net income of $91M versus a $28M loss in H1 FY25. However, license revenue remained essentially flat at $101M YoY for H1 and declined 7% in Q2, while services showed negative gross profit in Q2; cash and equivalents dropped $290M to $408M amid investing outflows and $148M stock repurchases. Total assets slightly declined to $2.69B from $2.72B.

• ·Operating cash flow increased to $44.6M from $23.7M YoY for H1.
• ·Stock-based compensation expense $90.1M for H1 FY26 vs $79.0M prior.
• ·Business acquisition for $33.3M net of cash in H1 FY26.
• ·Convertible senior notes net $676.3M as of Jan 31, 2026.

06-03-2026

Atlantis Glory Inc. (AGLY) reported zero revenue for FY 2025, unchanged from FY 2024, with net loss improving slightly to $39,199 from $40,480 (3% narrower YoY). However, total liabilities rose 23% to $210,628 from $171,429, driven by increased amounts due to related parties ($195,108 from $161,029), while stockholders' deficit deepened to $(210,628). The company holds zero assets and cash, fully reliant on related party financing to cover operating cash usage.

• ·Accumulated deficit increased to $(1,146,407) as of Dec 31, 2025 from $(1,107,208) as of Dec 31, 2024.
• ·Cash and cash equivalents remained at $0 at year-end for both 2025 and 2024.
• ·EPS basic and diluted flat at $(0.00) for both FY 2025 and FY 2024.
• ·Total assets $0 as of Dec 31, 2025 and 2024.

06-03-2026

Via Transportation, Inc. reported FY2025 revenue of $434.3M, up 29% YoY from $337.6M in 2024, driven by 31% Platform revenue growth to $434.3M (with Legacy revenue declining to $0 from $6.8M), customer count rising 23% to 821, and Platform ARR increasing 30% to $476M. Gross profit grew 31% to $171.8M with margin expansion to 40% from 39%. However, operating expenses rose 16% to $248.4M, narrowing operating loss to $76.6M from $83.9M but widening net loss to $96.4M from $90.6M due to a $10.9M loss on extinguishment of convertible notes.

• ·Stock-based compensation expense totaled $31.3M in FY2025, up 47% from $21.2M in FY2024.
• ·Interest expense increased to $7.3M in FY2025 from $4.3M in FY2024.
• ·FY2023 revenue was $248.9M, with net loss of $116.7M attributable to common stockholders.

06-03-2026

Total revenues grew 19.6% YoY to $1.36B in 2025 from $1.14B in 2024, with the Options segment driving growth to $1.11B (up 30.0% YoY), while Equities revenues declined 18.3% to $153M and International revenues fell 56.6% to $15M. Revenues less cost of revenues surged 56.2% to $431M, and Adjusted EBITDA increased 142.6% to $199M with a 46.2% margin, but GAAP net loss attributable to MIH was $70M versus $102M net income in 2024, driven by a $108M loss on debt extinguishment and other non-operating items. Operating income improved to $92M from a $2.8M loss, though Futures and Corporate/Other segments posted operating losses.

• ·Loss on extinguishment of debt: $108M in 2025
• ·Unrealized loss on derivative assets: $55M in International segment 2025
• ·Basic EPS: $(1.00) in 2025 vs $1.68 in 2024
• ·Adjusted diluted EPS: $1.82 in 2025 (up 193.5% YoY)
• ·Futures operating loss: $57M in 2025 (worsened from $47M loss in 2024)

06-03-2026

Altimmune, Inc. reported revenues of $41K for the year ended December 31, 2025, up 105% YoY from $20K, driven by minimal grant or collaboration income, while R&D expenses declined 19% to $66.4M, contributing to a reduced net loss of $88.1M (7% improvement) versus $95.1M in 2024. However, G&A expenses rose 34% to $28.1M, total cash increased to $43.8M supported by $207M in financing inflows despite $132M investing outflows and $68M operating cash burn.

• ·Shares outstanding increased to 110.9M from 72.4M YoY.
• ·Term loan noncurrent liability of $34.3M as of Dec 31, 2025 (none in 2024).
• ·Key audit matter on accrued R&D expenses ($6.1M) and prepaid R&D ($3.0M) as of Dec 31, 2025.
• ·Filing date: March 06, 2026.

06-03-2026

For the nine months ended December 31, 2025, Virtuix Holdings Inc. reported net sales growth of 41% YoY to $3.0M and gross profit of $0.9M versus a $0.4M loss in the prior year, driven by lower cost of goods sold and sharply reduced operating expenses (G&A down 57% YoY); however, the net loss narrowed to $6.9M from $12.0M YoY amid high interest expense and debt extinguishment loss. Q3 2025 net sales declined 24% YoY to $1.0M, resulting in a $2.7M net loss versus $2.0M prior year, while selling expenses surged 199% YoY. Balance sheet reflects total assets up 10% to $6.4M with cash doubling to $1.1M, but current liabilities rose 48% to $8.7M due to increased notes payable, deepening stockholders' deficit to $3.0M from $0.8M.

• ·Preferred stock fully converted/reclassified to common stock by Dec 31 2025 (0 shares outstanding vs 21.7M at Mar 31 2025)
• ·Current notes payable doubled to $5.3M from $2.6M QoQ
• ·Inventory slightly down 5% QoQ to $1.4M
• ·Deferred revenue decreased 59% QoQ to $0.7M
• ·Financing activities: $3.0M from convertible notes, $1.9M preferred stock issuance
• ·Loss on debt extinguishment $123K in nine months 2025

06-03-2026

PMV Pharmaceuticals reported a widened net loss of $77.7M for the year ended December 31, 2025, up 32% YoY from $58.7M in 2024, driven by a 19% increase in R&D expenses to $69.9M despite a 39% reduction in G&A expenses to $16.3M. Total operating expenses rose slightly by 0.9% to $86.2M, while cash and financial assets declined sharply 38% to $112.9M from $183.3M, with operating cash burn increasing 43% to $73.6M. Stockholders' equity decreased to $104.7M from $176.1M amid ongoing losses.

• ·Net loss per share was $1.48 basic and diluted for 2025, compared to $1.14 in 2024.
• ·Auditor emphasis on estimating R&D accruals and prepaids due to high subjectivity.
• ·Total assets decreased to $116.6M as of Dec 31, 2025 from $191.3M as of Dec 31, 2024.
• ·Accumulated deficit grew to $446.5M as of Dec 31, 2025 from $368.7M as of Dec 31, 2024.
• ·Filing date: March 06, 2026.

06-03-2026

Immuneering Corp reported a narrowed net loss of $56.0M for FY 2025, an 8.2% improvement YoY from $61.0M, driven by a 7.3% reduction in total operating expenses to $59.4M, including a 12.3% drop in R&D expenses to $42.0M. However, G&A expenses rose 7.6% YoY to $17.3M, cash used in operations remained high at $45.3M, and the company relied heavily on $226.6M in financing activities, including a $164.1M public offering and $25.0M private placement with Aventis Inc., boosting cash to $128.6M but diluting shares outstanding to 64.6M from 31.1M.

• ·Investing activities used $88.7M in FY2025 (vs provided $26.4M in FY2024) primarily due to $88.6M purchases of marketable securities.
• ·Accumulated deficit increased to $280.3M from $224.3M.
• ·EPS improved to ($1.27) from ($2.04).

06-03-2026

Future Vision II Acquisition Corp. (FVNNR), a SPAC, filed its 10-K annual report for the year ended December 31, 2025, highlighting ongoing risks related to completing an initial business combination within 18-24 months from IPO closing, potential conflicts of interest among officers and directors, and PRC-related regulatory hurdles. The filing details acquisition criteria focused on revenue growth, free cash flow generation, and public company benefits but notes no business combination has occurred, with financial statements covering the period from inception (January 30, 2024). Risks include dilution from convertible loans up to $1.5M and founder shares purchased at $0.017 per share.

• ·Financial statements cover year ended December 31, 2025 and period from January 30, 2024 (inception) through December 31, 2024.
• ·Initial business combination deadline: 18 months from IPO closing (extendable to 24 months).
• ·PRC regulatory risks including data security oversight by Cyberspace Administration of China and potential need for approvals.

06-03-2026

GMTech Inc. (GMTH) reported strong FY2025 performance with revenue surging to $3.48M from $53K in FY2024 (6,487% YoY growth), gross profit of $2.66M, and net income of $413K versus a $33K loss prior year. However, cash and equivalents plummeted 85% to $17K from $108K due to $241K net cash used in investing activities for inventories ($802K) and notes receivable ($238K), while operating cash flow improved to $143K positive from $55K used. Total assets expanded to $1.38M but liabilities rose sharply to $851K, driven by $616K deferred revenue.

• ·Deferred revenue arose from $4.5M customer prepayments, with $3.48M recognized as revenue, $410K cash refunds, and minor FX effect.
• ·EPS basic and diluted: $0.03 FY2025 vs $0.00 FY2024.
• ·Weighted average shares: 12M FY2025 vs 9.1M FY2024.
• ·Shares issued in FY2024: 7M for $140K proceeds.

06-03-2026

For the three months ended January 31, 2026, John Wiley & Sons reported net revenue of $410M, up 1.3% YoY, with Research segment growth of 2.5% offsetting a 0.9% decline in Learning; operating income rose 21% to $63M. Over nine months, revenue was slightly down 0.5% YoY to $1.23B due to a 6.8% drop in Learning despite 5% Research growth, but net income surged to $86M from $16M and operating cash flow doubled to $103M, aided by $114M in divestiture proceeds. Total assets declined 4.9% to $2.56B, while shareholders' equity was nearly flat at $750M.

• ·Accounts receivable declined to $200M from $228M YoY.
• ·Contract liabilities dropped sharply to $293M from $463M.
• ·Interest expense decreased 17% YoY in 9M to $34M.
• ·Weighted average shares outstanding declined to 52.9M basic (9M) from 54.2M.

06-03-2026

Independent Bank Corporation's 10-K for FY ended December 31, 2025, reports total loans of $4.276B and deposits of $4.762B, with the bank maintaining well-capitalized status. Revenue mix shifted with interest and fees on loans rising to 75.7% in 2025 from 70.7% in 2024 and 68.1% in 2023; however, other interest income declined to 9.8% from 11.8% and 14.4%, while non-interest income fell to 14.5% from 17.4% and 17.5%. The company operates 56 branches in Michigan, employs 735 full-time and 91 part-time staff, and had 20.6M shares outstanding as of March 5, 2026.

• ·One loan production facility in Ohio (Fairlawn).
• ·Acquisition of Traverse City State Bank completed in April 2018.
• ·Annual Meeting of Shareholders scheduled for April 21, 2026.

06-03-2026

Republic Bancorp, Inc. reported robust 2025 financial results, with net income surging 30% YoY to $131.3M, diluted EPS up 29% to $6.72, ROA improving 25% to 1.84%, and ROE rising 17% to 12.31%, fueled by net interest income growth to $334.7M (up 7% YoY) and NIM expansion to 5.05% from 4.85%. Average interest-bearing deposits grew 6% or $203M, with costs declining to 2.26% from 2.67%, reducing interest expense by 10% or $9.6M. However, the Traditional Bank booked a $4.8M specific provision on a $16M C&I participation loan in Q4 2025 amid borrower revenue declines and expense pressures, while TRS Refund Advances and Other RPG loans saw average balances decrease.

• ·Noninterest-bearing deposits average balance declined $42.6M YoY to $1.33B in 2025.
• ·Allowance for credit losses stable at approx. $92M in 2025 vs 2024.
• ·Stockholders’ equity average grew to $1.07B in 2025 from $965M in 2024.

06-03-2026

Camden National Corporation reported net income of $65.2M for 2025, up 23% YoY from $53.0M in 2024, fueled by the January 2, 2025 acquisition of Northway Financial, Inc., which drove net interest income to $203.3M (+53% YoY) and total assets to $6.97B (+20% YoY). However, non-interest expenses surged 38% YoY to $154.8M due to $9.3M in merger costs, return on average equity declined slightly to 9.96% from 10.36%, and tangible book value per share dipped to $29.69 from $29.91. Adjusted metrics reflected stronger results, including adjusted net income of $74.4M (+39% YoY) and adjusted return on average tangible equity of 17.27%.

• ·Dividends declared per share remained flat at $0.42 quarterly across all quarters in 2025 and 2024.
• ·Adjusted pre-tax, pre-provision income increased to $109.6M in 2025 from $66.2M in 2024.
• ·Non-GAAP efficiency ratio improved to 54.46% in 2025 from 62.05% in 2024.

06-03-2026

Cohen & Co Inc. (COHN) filed its 10-K annual report on March 06, 2026, featuring forward-looking statements on business strategies, SPAC investments, growth opportunities, and expected financial position. The filing emphasizes significant risks including economic uncertainty, SPAC-related litigation and regulatory pressures, liquidity constraints, dependence on Pershing LLC for clearing services, high debt service needs, and stringent regulatory oversight across operations. No quantitative financial data or period-over-period comparisons are provided in the excerpts.

06-03-2026

SB Financial Group, Inc. reported net income of $13.974M for the year ended December 31, 2025, up 21.8% YoY from $11.47M, with diluted EPS rising 27.3% to $2.19, driven by net interest income growth of 21.4% to $48.453M amid 12.8% loan expansion to $1.181B and 13.4% deposit growth to $1.307B. However, noninterest income was essentially flat at +0.5% ($17.107M), noninterest expenses increased 9.4% to $46.999M, provision for loan losses surged 953% to $1.306M, and available-for-sale securities declined 6.4% to $188.626M. Total assets grew 12% to $1.545B, while the company repurchased 31,519 shares in Q4 2025 at an average price of $20.60, leaving 199,050 shares remaining under the program.

• ·Nonaccruing loans declined 17% YoY to $4.579M (0.39% of total loans).
• ·Nonperforming assets fell 15.1% to $4.683M (0.30% of total assets).
• ·Allowance for credit losses increased 6.7% to $16.114M (1.36% of loans).
• ·Return on average assets improved to 0.93% from 0.84%; ROE to 10.38% from 9.19%.
• ·Cash dividend payout ratio declined to 27.54% from 32.87%; dividends declared $0.60 per share (up from $0.56).

06-03-2026

Arrow Financial Corp's FY2025 net income surged 48% YoY to $44M from $30M in FY2024, with basic EPS rising to $2.65 from $1.77, driven by 19.2% growth in net interest income to $133M and NIM expansion to 3.19% from 2.74%; ROA improved to 1.00% and ROE to 10.66%. Noninterest income grew 15.5% to $32M, while efficiency ratio improved to 61.97% from 67.68%. However, noninterest expenses rose 5.8% to $103M, net loans charged-off increased to 0.19% of average loans from 0.09%, and provision for credit losses edged up to 0.21% from 0.16%.

• ·Tier 1 Leverage Ratio at 9.68% as of Dec 31, 2025 (up slightly from 9.60% in 2024)
• ·Nonperforming Assets as % of Total Assets improved to 0.20% in 2025 from 0.50% in 2024
• ·Average Assets grew to $4.39B in 2025 from $4.27B in 2024
• ·Cash Dividends Per Share increased to $1.14 in 2025 from $1.09 in 2024

06-03-2026

Information Services Group Inc. reported total revenues of $244.7M for the year ended December 31, 2025, down 1% from $247.6M in 2024, with Americas up 1% to $160.9M but offset by declines in Europe (-3% to $65.5M) and Asia Pacific (-13% to $18.3M). Operating expenses fell 6% to $226.9M, driving net income higher to $9.3M from $2.8M and Adjusted EBITDA up 28% to $32.2M from $25.1M. Cash provided by operating activities improved to $29.0M from $19.9M.

• ·Adjusted net income increased to $16.5M from $9.97M YoY.
• ·Adjusted net income per diluted share rose to $0.33 from $0.20.
• ·Net cash used in investing activities was $4.9M in 2025 vs provided by $19.0M in 2024.
• ·Gain on sale of business declined 84% to $0.7M from $4.5M.
• ·Total other expense, net worsened to $(3.3M) from $(0.5M).

06-03-2026

One Liberty Properties Inc (OLP) acquired 13 industrial properties for $188.8 million, including $112.3 million in mortgage debt, expected to generate $13.3 million in 2026 rental income and representing 15.1% of 2026 base rent. The company sold ten properties for $58.9 million in net proceeds with an $18.7 million gain, which accounted for a minor 2.4% of 2025 rental income (down from 5.0% in 2024), and two joint venture properties yielding a $2.4 million share of proceeds and $991,000 gain. Mortgage debt stands at $522.5 million with a stable 4.88% weighted average interest rate and 5.8-year remaining term.

• ·Pending sale of vacant retail property in Cary, North Carolina expected in March 2026 with $192K 2025 and $460K 2024 rental income, net.
• ·Pending sale of retail property in Newport News, Virginia expected in April 2026 with $360K 2025 and $340K 2024 rental income, net.
• ·Mortgage debt fixed rates range from 3.05% to 6.42% with prepayment penalties.
• ·Pending Cary property: $93K dep/amort and $45K mortgage interest in 2025; $93K dep/amort and $110K interest in 2024.
• ·Pending Newport News property: $115K dep/amort in 2025 and $113K in 2024.

06-03-2026

Drilling Tools International Corp reported FY2025 revenue of $159.6M, up 3% YoY from $154.4M, driven by strong Eastern Hemisphere growth of 78% to $23.5M, however Western Hemisphere revenue declined 3% to $148.6M and total segment EBITDA fell 5% to $50.0M amid a 59% drop in Eastern EBITDA. The company swung to a net loss of $3.8M or $(0.11) per share from prior-year profit of $3.0M, with Adjusted EBITDA slightly down to $39.3M from $40.1M; balance sheet remained stable at $222.2M total assets while operating cash flow improved significantly to $19.9M.

• ·Cash decreased to $3.6M from $6.2M YoY.
• ·Operating cash flows surged to $19.9M from $6.1M due to working capital improvements.
• ·Goodwill impairment of $1.9M recorded in FY2025.
• ·Business combinations involved issuance of 888,041 shares valued at $2.9M.
• ·Purchase of treasury stock for $1.3M.

06-03-2026

Northrim Bancorp reported net income of $64.6M for 2025, surging 75% YoY from $37.0M in 2024, fueled by net interest income growth of 20% to $135.6M and other operating income jump of 84% to $77.2M, while assets expanded 8% to $3.29B and ROE rose to 21.7% from 14.7%. However, nonperforming loans increased to $11.3M (0.49% of portfolio) from $7.5M (0.35%), provision for credit losses rose 19% to $3.9M, and other operating expenses grew 16% to $122.1M. Dividend per share increased slightly to $0.64 from $0.62.

• ·Five-year compound growth rate for net income: 14%
• ·Tangible book value per share: $12.47 (2025) vs $9.79 (2024)
• ·Allowance for credit losses to portfolio loans stable at 1.03% (2025 and 2024)
• ·Total employees grew 3% over five years to 516 FTE
• ·Common shares outstanding five-year CAGR: -2%

06-03-2026

Hurco Companies Inc reported a Q1 FY2026 net loss of $3.5M, improved 20% YoY from $4.3M with EPS of ($0.54) vs ($0.67), driven by lower tax provision. However, sales and service fees declined 7.7% YoY to $42.9M, gross profit fell 4.2% to $7.9M, operating loss widened 52% to $3.2M amid 7% higher SG&A expenses to $11.1M, and operating cash flow swung to a $0.6M use from $10.3M provided. Total assets decreased 1% QoQ to $261.5M with stable cash at $48.0M.

• ·Inventories decreased slightly QoQ to $141.7M from $142.9M.
• ·Cash and cash equivalents stable at $48.0M, down $0.7M QoQ.
• ·Proceeds from sale of a business contributed $1.2M to investing cash flow.

06-03-2026

GAAP net income declined nearly 10% YoY to $23.4M in 2025 from $26.0M in 2024, primarily due to $7.9M in merger-related expenses from the Susquehanna acquisition, though adjusted net income rose 15% to $29.8M. Net interest income increased 16% to $91.9M driven by 7.3% average loan growth and 8.3% deposit growth, lifting NIM to 3.61% from 3.30%; however, noninterest expenses excluding merger costs rose 7.8% to $80.0M. GAAP EPS fell to $1.46 from $1.69, while adjusted EPS improved to $1.85.

• ·Average brokered deposits decreased $50.4M to $11.1M; average borrowed funds decreased $44.3M.
• ·Trust revenue increased $284k to $8.2M due to equity appreciation and estate fees.
• ·Other noninterest income up $407k to $5.6M including credit enhancement fees (+$117k), merchant services (+$66k).
• ·Debit card interchange revenue up $347k to $4.6M.
• ·Other noninterest expense up $1.2M to $11.5M.

06-03-2026

Columbia Financial Corp (CCFN) reported total assets of $1.625B as of Dec 31, 2025, up 2% from $1.593B in 2024, with net interest income rising 19.7% YoY to $61.8M (tax-equivalent) and net interest margin expanding to 4.08% from 3.46%. However, non-performing assets increased 18% to $12.0M (0.72% of total assets) from $10.1M (0.63%), with allowance coverage of non-performing assets declining to 83% from 97%. Stock prices showed upward trajectory with 2025 highs reaching $56.82 vs $44.00 in 2024 Q4.

• ·Non-accrual loans increased to $11.5M from $10.0M YoY.
• ·Loans past due 90 days or more rose to $135K from $0.
• ·Allowance for credit losses as % of gross loans declined to 0.85% from 0.88%.
• ·2025 Q4 stock high $56.82 (up from 2024 Q4 $44.00); dividends stable at ~$0.45/Q except Q2 $0.95.

06-03-2026

Flushing Financial Corp's total mortgage loan portfolio declined 1.7% YoY to $5.23B at December 31, 2025, from $5.32B, while commercial business loans decreased 0.5% to $1.41B; however, CRE mortgage originations rose 30% to $211M and total commercial originations increased 33% to $273M. Non-performing loans rose 25% YoY to $42M (0.63% of gross loans) from $33M (0.49%), with non-performing assets up 15% to $59M (0.68% of total assets). Deposits experienced a net decrease of $97M in 2025 after prior growth, though total borrowings fell 47% to $485M.

• ·Mortgage loan charge-offs in 2025: $4.1M (up from $0.4M in 2024)
• ·Commercial business loan charge-offs in 2025: $7.3M (down slightly from $7.5M in 2024)
• ·Total securities available for sale fair value: $1.39B at end 2025 (down from $1.50B in 2024)
• ·FHLB-NY advances balance: $184M at end 2025 (down 71% from $629M in 2024)

06-03-2026

FIRST Community Bankshares Inc. reported net income of $48.8 million for 2025, down 5.45% from $51.6 million in 2024, with ROA declining to 1.52% from 1.60% and ROE to 9.64% from 10.03%; net interest income FTE fell slightly to $125.1 million while NIM remained nearly flat at 4.42% (down 0.02 percentage points). However, noninterest income rose 8.88% to an unspecified amount driven by service charges, credit quality improved with non-performing loans at 0.61% (down 0.22 percentage points) and lower net charge-offs, and adjusted net income declined modestly by 2.34% to $51.1 million. Noninterest expenses increased 8.01% due to higher salaries, merger costs for the Hometown acquisition (completed January 23, 2026), and other expenses.

• ·Merger-related expenses of $2.91 million in 2025 associated with Hometown acquisition completed January 23, 2026.
• ·Salaries and employee benefits increased $4.73 million YoY.
• ·Book value per share $27.30 on Dec 31, 2025, down $1.43 from 2024 due to special dividends totaling $3.07 per share.
• ·Average loans $2.35B in 2025 vs $2.48B in 2024.
• ·Loan-to-deposit ratio 88.81% on Dec 31, 2025.
• ·Return on average tangible common equity 13.92% for 2025.

06-03-2026

Great Southern Bancorp, Inc. reported net income of $71M for the year ended December 31, 2025, up 15% YoY from $62M in 2024, driven by a 6% increase in net interest income to $200M and no provision for credit losses on loans. However, total assets declined 6% YoY to $5.6B, net loans receivable fell 7% to $4.4B, and deposits decreased 3% to $4.5B amid higher interest expense pressures. Non-performing assets improved 15% to $8.1M (0.14% of average total assets), while foreclosed assets ticked up slightly to $6.0M.

• ·Tier 1 capital ratio for Great Southern Bancorp, Inc. at 14.1% as of Dec 31, 2025 (up from 12.8% in 2024).
• ·Efficiency ratio improved to 61.91% in 2025 from 64.40% in 2024.
• ·Subordinated debentures balance stable at $25.8M across 2023-2025.
• ·Average subordinated notes balance declined sharply to $34.1M in 2025 from $74.7M in 2024.

06-03-2026

First Bancorp, Inc. reported FY2025 net income of $34.4M, up 27% YoY from $27.0M, with net interest income rising 21% to $77.4M driven by 7% loan growth to $2.39B and a 15 bps expansion in net interest margin to 2.63%. Total assets increased 5% to $3.19B and GAAP efficiency ratio improved to 53.8% from 58.8%. However, savings deposits declined 6% YoY to $258.3M, interest income from interest-bearing deposits fell $0.15M, and net unrealized losses on AFS securities narrowed only slightly to $37.3M.

• ·Non-GAAP efficiency ratio improved to 52.09% from 56.66%.
• ·Pre-tax, pre-provision net income rose to $43.8M from $33.1M.
• ·Average tangible common equity increased to $237.3M from $219.0M.
• ·Securities available for sale decreased slightly to $274.2M from $275.7M.

06-03-2026

Rackspace Technology reported FY2025 revenue of $2.69B, down 1.9% YoY from $2.74B, with gross profit declining 5.1% to $506M amid higher cost of revenue margin (81.1%), while SG&A expenses fell 14.2% to $607M and no goodwill or asset impairments occurred (vs. $735M and $20M in 2024). Net loss narrowed 73.7% to $226M, and Non-GAAP Operating Profit rose 19.4% to $126M, boosted by Public Cloud segment profit up 52.9% to $68M, but Private Cloud profit dropped 14.3% to $252M. Overall performance showed cost controls and segment divergence amid revenue contraction.

• ·Restructuring and transformation expenses: $32.3M in FY2025 (down from $58.5M in FY2024)
• ·Amortization of intangible assets: $146.9M in FY2025 (down from $154.1M in FY2024)
• ·Interest expense: $82.7M in FY2025 (down 15.6% from $98.0M in FY2024)
• ·Corporate functions segment loss improved to $(193.9)M in FY2025 from $(233.0)M in FY2024

06-03-2026

NI Holdings, Inc. reported total direct premiums written (DPW) of $289.8M for the year ended December 31, 2025, a 15.4% decline from $342.3M in 2024, driven by sharp drops in Illinois (-70.9%), Arizona (-71.6%), and Nebraska (-4.6%), while North Dakota grew 5.2% to $176.3M and Minnesota surged 65.5%. Battle Creek Mutual Insurance Company converted to a stock company and became a wholly-owned subsidiary on January 2, 2024, and Westminster American Insurance Company was sold on June 30, 2024. South Dakota DPW remained nearly flat at -1.1%.

• ·NI Holdings holds ≥60% ownership in Nodak Mutual Group, Inc.
• ·100% ownership in Direct Auto Insurance Company, Nodak Insurance Company subsidiaries: American West, Battle Creek, Tri-State Ltd (100% in Primero).
• ·North Dakota Secretary of State approved Battle Creek conversion from mutual to stock on January 2, 2024; surplus note paid in full.
• ·Westminster sold to Scott Insurance Holdings on June 30, 2024.

06-03-2026

Columbia Financial, Inc. (CLBK) reported total loans receivable of $8.3B at December 31, 2025, up 4.7% YoY from $7.9B in 2024, supported by strong multifamily ($233M originated) and commercial real estate ($325M originated) loan growth. Average deposits increased 4.3% YoY to $8.2B with a reduced weighted average rate of 2.39% versus 2.56% in 2024; however, total securities fair value rose modestly 8.4% YoY to $1.5B amid declines in mortgage-backed securities amortized cost (flat) and certain originations like one-to-four family loans (down 4.2% to $118M). Borrowings showed mixed trends with FHLB advances end balance up 9.6% to $1.2B but maximum outstanding down 21.4% YoY.

• ·Multifamily loans: $1.68B (21.0% of gross loans) with 59.0% avg LTV and 1.59 DSCR at Dec 31, 2025.
• ·Investor Owned CRE total: $1.85B (23.1% of gross loans) with subcategories like Retail/Shopping centers $542M (1.57 DSCR).
• ·Equity compensation plans approved by stockholders: weighted avg exercise price $16.22.

06-03-2026

National Energy Services Reunited Corp. (NESR) reported total revenue of $1.32B for the year ended December 31, 2025, up 1.7% YoY from $1.30B in 2024, driven by 2.6% growth in the MENA segment to $1.32B. However, Rest of World revenue declined 57% YoY to $8.1M from $18.8M, reflecting underperformance outside core markets. The 10-K extensively details risks including oil price volatility, geopolitical instability in MENA, competitive pressures, and the company's transition from foreign private issuer status effective January 1, 2026.

• ·As of January 1, 2026, NESR is no longer a foreign private issuer and must comply with U.S. domestic issuer requirements under the Exchange Act and Nasdaq rules.
• ·Domestic (BVI) revenue remained at $0 across 2023-2025.
• ·Extensive risk disclosures include oil/gas price volatility, MENA geopolitical tensions (e.g., U.S.-Israel-Iran conflict), currency fluctuations, debt covenants, and ESG/climate pressures.

06-03-2026

Cantor Equity Partners II, Inc. (CEPT), a SPAC, reported total assets surging to $246.8M as of December 31, 2025 from $0.1M in 2024, driven by $246.6M in Trust Account investments post-IPO with 24M Class A shares subject to redemption at $10.43/share totaling $250.2M. Net income improved to $17.5k in 2025 from a $70.7k loss in 2024, boosted by $6.5M interest income, however operational losses widened dramatically to $1.85M from $70.7k amid $1.77M G&A costs, plus a $4.6M fair value loss on forward sale securities, resulting in shareholders' deficit expanding to $9.6M from $68k. Comprehensive income reached $155.6k including $138k unrealized gains on debt securities.

• ·Class B ordinary shares retroactively adjusted for 1M share capitalization on May 1, 2025.
• ·Weighted average Class A public shares: 15,846,575; Private placement: 382,959; Class B: 6M.
• ·Administrative expenses – related party: $79.7k in 2025 (none in 2024).

06-03-2026

IRADIMED CORP reported FY2025 revenue of $83.8M, up 14% YoY from $73.2M in FY2024, driven by strong U.S. growth (+16% to $70.6M) and devices revenue (+16% to $60.0M), including robust increases in MRI IV pumps (+19%) and Ferro Magnetic Detection Systems (+111%). However, international revenue grew modestly at 5% (to $13.3M, down to 16% of total), services revenue declined 4% to $3.9M, and gross margin remained flat at 77%. Operating expenses improved to 45.5% of revenue from 47.0%, boosting income from operations margin to 31.2% from 30.0% and net income margin to 26.8% from 26.3%.

• ·Research and development expenses declined to 3.5% of revenue from 3.9% YoY.
• ·General and administrative expenses improved to 21.2% of revenue from 21.8%.
• ·Sales and marketing expenses decreased to 20.8% of revenue from 21.3%.
• ·Other income, net declined to 2.6% of revenue from 3.2%.

06-03-2026

Cass Information Systems Inc. reported total revenues of $190.8M for 2025, up 5.3% YoY from $181.2M, bolstered by 19.8% growth in net interest income to $81.2M; however, processing fees grew only 0.1% to $66.1M while financial fees declined 5.1% to $40.4M. Net income rose 83.2% to $35.1M, including $4.0M from discontinued operations (up 556.4%), with diluted EPS increasing 87.8% to $2.61, aided by a 3.6% drop in operating expenses to $152.0M. Return on average equity improved to 14.98% from 8.37%, though 2025 net income remained below 2023's $30.1M.

• ·Average earning assets grew 6.8% YoY to $2.15B in 2025.
• ·Net interest margin expanded to 3.83% from 3.42% YoY.
• ·Yield on earning assets increased to 4.59% from 4.43%.
• ·Bad debt recovery of $2.0M in 2025 vs expense of $7.8M in 2024.
• ·Unrealized loss on investment securities improved to $47.1M from $57.8M.
• ·Interest rate sensitivity: +300 bps change impacts net interest income by +10.7%; -300 bps by -10.6%.

06-03-2026

Black Spade Acquisition III Co, a SPAC incepted on August 21, 2025, reported total assets of $3.7M as of December 31, 2025, driven by $3.3M in cash, but offset by $3.7M in liabilities including $3.3M in related party advances. The company incurred a net loss of $86k from general and administrative costs, leading to a shareholders' deficit of $61k despite issuing 5.75M Class B ordinary shares for $25k. No Class A shares are issued, and operations remain pre-business combination with ongoing offering costs.

• ·Basic and diluted net loss per Class B ordinary share: $0.02
• ·Accrued offering costs: $282k
• ·Accrued expenses: $43k
• ·Deferred offering costs: $384k
• ·Audited by PCAOB ID#100 firm

06-03-2026

Bluejay Diagnostics reported a reduced net loss of $6.8M for the year ended December 31, 2025, compared to $7.7M in 2024 (11% improvement), and net loss applicable to common shareholders improved significantly to $6.8M from $20.9M due to no deemed dividend on warrant modification. However, the company generated no revenue or operating income, with total operating expenses declining modestly 3% YoY to $6.95M amid cuts in R&D (down 12%) but a 6% rise in G&A expenses. Ongoing significant losses persist as the company seeks regulatory approvals for its Symphony platform tests.

• ·Required to use reasonable efforts to start commercial sales by October 2028, extendable up to 2 years in 6-month increments for reasons not attributable to the company, or risk Toray terminating or making license non-exclusive.
• ·Common stock considered a 'penny stock,' subjecting broker-dealers to Exchange Act Rules 15g-2 through 15g-9.
• ·No sales and marketing expenses in 2025 ($0 vs. $8,297 in 2024).

06-03-2026

Total revenue slightly declined 0.6% YoY to $17.3M in 2025 from $17.4M, with software licenses down 4.4% to $7.3M while software maintenance rose 1.6% to $8.7M and services increased 9% to $1.3M. Net loss widened 32.5% to $5.9M (-34% of revenue) from $4.4M (-25%), as total costs and expenses rose to 138% of revenue from 133%, leading to a larger operating loss of $6.6M. Cash and equivalents fell sharply 44% to $7.3M from $13.0M, with operating cash use doubling to $5.4M.

• ·Net cash used in operating activities increased to $5.4M from $3.2M YoY.
• ·Marketable securities slightly increased to $15.0M from $14.8M.
• ·Research and development expense rose to $8.3M from $7.8M.
• ·Stock repurchases totaled $115K in 2025 vs $207K in 2024.
• ·Intangible assets declined to $1.6M from $2.0M.

06-03-2026

Athena Bitcoin's global Bitcoin ATM deployments declined 5% YoY from 3,111 in 2024 to 2,953 in 2025, while the overall ATM market grew modestly from 37.7 thousand to 39.2 thousand machines, with Australia showing the strongest regional growth at 43%. Global cryptocurrency owners rose 12.4% YoY to 741 million in 2025, driven by Ethereum owners (+22.6% to 175 million), though Bitcoin owners grew more slowly at 8.3% to 365 million.

• ·Athena Bitcoin, Inc. owns 99% of Athena Holdings El Salvador S.A. de C.V. (Eric Gravengaard holds 1% on behalf of company).
• ·Athena Bitcoin, Inc. beneficially owns Athena Holdings Colombia SAS (nominally Eric Gravengaard 95%, Matias Goldenhörn 5%).
• ·Australia added 600 Bitcoin ATMs (fastest growth).
• ·Potential 300,000 to 1.2 million additional people invested in BTC via US spot ETFs.
• ·Historical Athena Bitcoin ATMs: 65 (2017), 445 (2022), 1,829 (2023).

06-03-2026

Quanex Building Products reported Q1 FY2026 net sales of $409.1M, up 2.3% YoY from $400.0M, with operating income of $2.9M versus a $7.0M loss prior year, aided by no restructuring charges. Hardware Solutions (+2.4%) and Custom Solutions (+4.8%) grew, but Extruded Solutions remained flat at $139.8M, the company posted a $4.1M net loss (improved from $14.9M), operating cash use worsened to $20.2M from $12.5M, inventories rose 6.5% to $270.6M, and total debt increased to $707.2M.

• ·Dividends paid $0.08 per share in both periods, totaling $3.7M in Q1 FY2026.
• ·Foreign currency translation gain of $11.1M drove comprehensive income to $7.0M from $30.8M loss YoY.
• ·Capital expenditures $11.3M in Q1 FY2026, similar to $11.6M prior year.
• ·Allowance for credit losses $2.5M as of Jan 31, 2026.

06-03-2026

Jade Biosciences reported a net loss of $127,410 for the year ended December 31, 2025, more than doubling (171%) from $46,979 in the 2024 stub period, driven by R&D expenses rising 198% to $93,121 and G&A up 372% to $20,421. However, successful reverse recapitalization and PIPE financings (Pre-Closing, October, and December 2025) provided $361K in net financing cash flows, boosting cash and equivalents to $88,438 (up 27%) and total assets to $350K from $73K. Stockholders' equity improved to a positive $333K from a $47K deficit, supported by $514K in additional paid-in capital.

• ·Common shares outstanding increased to 49.3M from 3.7M due to financings and reverse recapitalization conversions.
• ·Investments balance of $248K added in 2025; net cash used in investing $247K.
• ·Convertible notes payable balance reduced to $0 from $108K via conversion.
• ·Stock-based compensation expense $20K in 2025 vs $1K in 2024 stub.

06-03-2026

Workday reported FY2026 total revenues of $9.6B, up 13% YoY from $8.4B, with subscription services revenues growing 14% to $8.8B and total subscription revenue backlog expanding 12% to $28.1B. GAAP operating income rose sharply 74% to $721M (margin 7.5%) and non-GAAP operating income increased 29% to $2.8B (margin 29.6%), supported by 19% higher operating cash flows at $2.9B and 27% growth in free cash flow to $2.8B. However, cash, cash equivalents, and marketable securities fell 32% to $5.4B, professional services revenues declined slightly to $719M from $728M, and restructuring costs surged to $303M.

• ·Share-based compensation expense totaled $1.6B in FY2026, down slightly to 17.0% of revenues from 18.0% in FY2025.
• ·Restructuring costs increased to $303M (3.3% of revenues) in FY2026 from $84M (1.1%) in FY2025.
• ·Net cash used in financing activities was $3.3B in FY2026, up from $1.2B in FY2025.

06-03-2026

For the three months ended January 31, 2026, Cooper Companies reported net sales of $1,024.1M, up 6.2% YoY from $964.7M, driven by higher volumes, while operating income rose 16.9% to $212.8M and net income increased 25.4% to $130.8M with diluted EPS of $0.66. However, cost of sales grew 8.1% YoY to $328.9M and SG&A expenses were nearly flat at $390.2M, up 0.6%. Comprehensive income surged to $203.3M from $35.6M, boosted by a $76.5M foreign currency translation gain versus a $66.7M loss prior year.

• ·Net cash provided by operating activities increased 36.9% YoY to $260.9M from $190.6M.
• ·Cash flows from investing activities used $102.9M, up slightly from $96.8M YoY, mainly due to higher PP&E purchases.
• ·Financing activities used $147.9M net cash, including $92.5M stock repurchase and net debt changes.
• ·Allowance for credit losses on receivables: $58.7M at Jan 31, 2026 (up from $51.9M at Oct 31, 2025).
• ·Total inventories breakdown: Raw materials $180.0M (down from $193.1M QoQ), Finished goods $672.3M (up from $633.0M).

06-03-2026

Bridger Aerospace Group Holdings, Inc. reported FY2025 revenues of $122.8M, up 25% YoY from $98.6M, with strong growth in aerial surveillance (+33%), MRO (+54%), and fire suppression (+20%), though other services declined 16%. The company achieved net income of $4.1M, reversing a $15.6M loss, with Adjusted EBITDA up 21% to $45.3M from $37.3M; however, SG&A expenses were flat at up 1%, cash and equivalents fell to $31.4M from $39.3M due to investing outflows, and loss attributable to common stockholders improved to $22.9M but remained negative with EPS of -$0.42.

• ·Net cash provided by operating activities increased to $16.7M in FY2025 from $9.4M in FY2024.
• ·Net cash used in investing activities was $34.4M in FY2025 vs provided $2.1M in FY2024.
• ·Total liabilities rose to $265.6M as of Dec 31, 2025 from $237.3M.
• ·Stockholders’ deficit widened to $342.6M from $326.7M.
• ·Revenues from Spain grew 39% YoY to $14.0M, while US revenues up 23% to $108.8M.

06-03-2026

GigCapital7 Corp., a blank check company (SPAC), filed its 10-K for FY ended December 31, 2025, reporting no operating revenues or significant operations to date, with activities focused on its pending business combination with Hadron Energy, Inc. via a merger agreement dated September 27, 2025 (amended December 12, 2025). The company completed its IPO on August 30, 2024, raising $200M placed in trust, while Class A shares held by non-affiliates had a market value of $207.6M at the end of Q2 2025; as of March 5, 2026, 20M Class A ordinary shares and 13,333,333 Class B ordinary shares were outstanding.

• ·Sponsor holds 9,932,246 Founder Shares as of filing date.
• ·IPO registration statement effective August 28, 2024.
• ·Completion Window: 21 months from IPO closing (through approximately May 2026).
• ·GigCapital7 classified as a shell company and emerging growth company.

06-03-2026

HBT Financial, Inc. reported net income of $77M for the year ended December 31, 2025, up 7.3% YoY from $72M, supported by net interest income growth of 5.3% to $199M and noninterest income increase of 7.4% to $38M. However, noninterest expenses rose 4.4% to $129M, return on average stockholders' equity declined to 13.24% from 13.93%, and average loans grew only 1.3% while ending loans were flat at $3.46B. Total assets expanded modestly 0.8% to $5.07B with deposits up 0.9% to $4.36B.

• ·Provision for credit losses remained low at $3.2M in 2025, similar to $3.0M in 2024.
• ·Efficiency ratio improved slightly to 53.44% from 53.99%.
• ·Cost of total deposits declined to 1.19% from 1.30%.
• ·Card income declined 2.4% YoY to $10.8M; mortgage servicing down 7.3% to $4.1M.

06-03-2026

Auddia Inc. reported zero revenue for the year ended December 31, 2025, flat at $0 YoY amid ongoing development of faidr and Discovr Radio platforms. Total operating expenses declined 2.8% to $7.7M, with improvements in sales and marketing (-3.6%), general and administrative (-27.4%), and depreciation (-21.6%), but offset by a new $1.15M restructuring charge and 12.2% higher R&D spending. Net loss narrowed 11.8% to $7.7M YoY; however, cash used in operations increased to $5.6M, auditors expressed substantial going concern doubts, and the company anticipates needing additional funding.

• ·Cash from investing activities improved to cash used of $0.88M from $1.0M YoY.
• ·Net change in cash was positive $0.48M in 2025 vs $1.9M in 2024.
• ·Auditors expressed substantial doubt about going concern due to recurring losses and need for additional capital.
• ·Material weaknesses identified in internal controls over financial reporting in the past.

06-03-2026

Gaia, Inc. reported FY2025 net revenues of $99.0M, up 10.8% YoY from $89.3M, driven by steady quarterly growth and gross profit margin expansion to 87.1% from 86.1%. However, operating loss narrowed only modestly to $5.1M from $5.7M amid higher selling/operating expenses (+9.5%) and corporate/general/admin costs (+21%), with net loss nearly flat at $5.4M versus $5.4M prior year. Cash position strengthened significantly to $13.5M from $5.9M, supported by $12.1M in financing inflows, though operating cash flow declined 18.1% to $5.7M.

• ·Equity compensation plans (shareholder-approved): 2,273,791 outstanding options/warrants/rights at weighted average exercise price of $8.33; 424,645 securities available for future issuance.
• ·FY2025 corporate, general and administration expenses: $9.4M, up 21% YoY.
• ·Total liabilities: $52.5M as of Dec 31, 2025, up from $47.2M.
• ·Gaia, Inc. shareholders' equity: $87.9M as of Dec 31, 2025, up from $80.7M.

06-03-2026

Krispy Kreme reported FY2025 net revenues of $1.52B, down 8.6% YoY from $1.67B, driven by U.S. declines of 13.8% and impacts from Insomnia Cookies divestiture, though International revenues grew 3.1% YoY to $535M. The company posted a significant net loss of $524M versus $4M profit in FY2024, primarily due to $356M goodwill impairment and $56M shop closure expenses, with Adjusted EBITDA falling 27.5% to $140M. Organic revenue declined 1.3% overall, with U.S. organic down 3.5% while International organic rose 3.3%.

• ·U.S. sales per Hub declined to $4.7M from $4.9M YoY.
• ·International sales per Hub declined to $9.7M from $9.9M YoY.
• ·Market Development revenues declined 14.9% YoY to $74M.
• ·Corporate expenses within Adjusted EBIT increased 9.3% to $76M.

06-03-2026

Amprius Technologies reported revenue growth of 202% YoY to $73M for FY 2025 from $24M in 2024, achieving positive gross profit of $8M (11% margin) versus a prior-year loss of $18M. However, operating expenses surged 97% to $55M, primarily due to a $23M impairment charge (up 1,110%), resulting in a steady operating loss of $47M and net loss narrowing only 1% to $44M. Cash used in operations improved to $31M from $33M, supported by $71M in financing inflows.

• ·Stock-based compensation remained nearly flat at $7.4M in FY 2025 vs. $7.3M in FY 2024 (+1%).
• ·Net cash used in investing activities increased to $4.4M from $3.2M.
• ·Warrants exercisable at $11.50 per share, traded as AMPX.W.

06-03-2026

FirstSun Capital Bancorp's 2025 net income rose 29.5% YoY to $97.9M from $75.6M, supported by net interest income growth of 6.9% to $317.4M and noninterest income up 13.4% to $101.9M, while total assets expanded 4.8% to $8.5B and deposits grew 6.5% to $7.1B. However, noninterest expenses increased 2.9% to $271.8M, provision for credit losses of $24.6M remained elevated above 2023's $18.2M, net charge-offs rose to 0.43% from 0.32%, and key profitability ratios like ROE at 8.88% and NIM at 4.10% trailed 2023 levels of 12.50% and 4.23%, respectively.

• ·No cash dividends declared or paid in 2025, 2024, or 2023.
• ·Merger related expenses net of tax: $2.6M in 2025 (down from $9.9M in 2024).
• ·Total risk-based capital ratio: 15.73% in 2025 (up from 15.42% in 2024).
• ·Loan to deposit ratio declined to 93.9% in 2025 from 95.6% in 2024.
• ·Allowance for credit losses to loans: 1.27% in 2025 (down from 1.38% in 2024).

06-03-2026

International Money Express, Inc. (IMXI) reported total revenues of $608M for FY 2025, down 8% YoY from $659M in 2024, primarily due to a 9% decline in wire transfer and money order fees to $502M, while foreign exchange gains were flat at $87M and other income grew 24% to $18M. Net income dropped sharply 44% to $33M from $59M, with operating income falling 41% to $56M amid elevated transaction costs ($10M), goodwill impairment ($1M), and higher SG&A expenses. Adjusted EBITDA declined 20% to $97M from $121M, though restructuring costs decreased significantly to $1M.

• ·Total operating expenses $552M (91% of revenues) in FY2025 vs $564M (86% of revenues) in FY2024.
• ·Transaction costs rose to $10M in FY2025 from $2M in FY2024.
• ·GAAP diluted EPS $1.08 in FY2025 vs $1.79 in FY2024; Adjusted diluted EPS $1.66 vs $2.14.
• ·Net cash used in investing activities $22M in FY2025 vs $44M in FY2024.
• ·Cash and cash equivalents increased to $169M at end of FY2025 from $131M.

06-03-2026

Spring Valley Acquisition Corp. III filed its 10-K annual report covering the period from inception on March 12, 2025, through December 31, 2025, highlighting risks such as insufficient working capital potentially requiring sponsor loans for the initial business combination within a 24-month window post-IPO. The filing discloses limitations from debt servicing on cash flow for dividends, acquisitions, and strategy execution, along with potential change of control issues from share issuances exceeding 60% of equity proceeds. Founder shares face transfer restrictions until one year post-combination or achievement of a $12.00 per share price threshold.

• ·Financial statements cover period from inception (March 12, 2025) through December 31, 2025
• ·Initial business combination must be completed within 24 months after IPO closing
• ·Founder shares non-transferable until earliest of: 1 year post-combination, or $12.00/share for 20 trading days in 30-day period starting 150 days post-combination, or liquidation event

06-03-2026

Equity Bancshares Inc reported net income of $22.7M for 2025, down 64% YoY from $62.6M in 2024, driven by a $53.2M net loss on securities transactions and higher merger expenses of $8.1M, resulting in ROAA declining to 0.40% from 1.23%. However, net interest income rose 22% to $226.1M on 20% loan growth to $4.20B and total assets expanding 20% to $6.37B, with deposits up 17% to $5.14B. Core diluted EPS remained stable at $4.39, while capital ratios stayed strong but ticked lower, with CET1 at 13.08%.

• ·Shares outstanding: 20,992,139 Class A Common Stock (Feb 27, 2026); 0 Class B.
• ·Equity compensation plans available for future issuance: 1,040,294 securities.
• ·Provision for credit losses: $9.0M in 2025 vs $2.5M in 2024.
• ·Common Equity Tier 1 Capital Ratio: 13.08% (2025) vs 14.51% (2024).
• ·Efficiency ratio stable at 60.90% (2025) vs 60.77% (2024).

06-03-2026

Omada Health, Inc. reported total revenue of $260.2M for YE Dec 31, 2025, up 53% YoY from $169.8M in 2024, driven by 53% growth in Services ($241.0M) and 60% in Hardware ($19.2M), with gross profit expanding 66% to $170.9M and gross margin improving to 66% from 61%. Operating loss narrowed significantly to $12.0M from $43.7M, and net loss to $12.8M from $47.1M, aided by operating expenses rising only 25% as a percentage of revenue declined across categories. However, the company remains unprofitable with Partner B concentration in accounts receivable rising to 45% from 28%.

• ·Revenue concentration stable at 93% Services and 7% Hardware across 2023-2025.
• ·Share-based compensation increased 38% YoY to $13.0M in 2025.
• ·Amortization of intangible assets declined to $1.9M from $2.0M YoY.
• ·Total depreciation and amortization rose 30% to $3.6M in 2025.

06-03-2026

Donegal Group Inc reported net income of $79.3M for the year ended December 31, 2025, a 56% increase from $50.9M in 2024, supported by a lower combined ratio of 95.4% versus 98.6% and higher net investment income of $52.6M. However, total net premiums written declined 4.0% YoY to $904.8M, driven by a sharp 13.5% drop in personal lines to $340.8M despite modest 3.0% growth in commercial lines to $564.0M, while total revenues edged down 1.2% to $978.0M. Gross liability for unpaid losses and loss expenses ended the year at $1.1B, down from $1.121B.

• ·Donegal Mutual purchased 274,125 Class A shares at avg $19.73 and 43,404 Class B shares at $17.50 in Oct-Dec 2025 under open-ended program.
• ·Provision for net losses incurred in current year decreased to $574.6M in 2025 from $619.1M in 2024.
• ·Favorable development on prior years' losses: $10.3M reserve release in 2025 vs $15.0M in 2024.

06-03-2026

WhiteHorse Finance, Inc. discloses total assets of $615.1 million, debt outstanding of $328.5 million, and net assets of $259.8 million as of December 31, 2025, with a weighted average cost of funds at 5.35%; a hypothetical higher leverage scenario projects $806.2 million in assets and $519.6 million in debt at 5.56% cost. The 10-K highlights investment risks such as shares trading at a discount to NAV, potential dilution, stock repurchase program volatility, and structural subordination of debt to subsidiary obligations. Illustrative incentive fee calculations over Years 1-4 show payments ranging from $7.0 million to $14.0 million annually, with minor deferrals in Year 3.

• ·RIC qualification requires at least 90% gross income from dividends, interest, securities gains, or qualified partnerships.
• ·RIC asset test: at least 50% in cash equivalents, U.S. government securities, other RICs, with no more than 5% in any one issuer or 10% of issuer's voting securities.
• ·Illustrative incentive fees: Year 1 $8.0M paid; Year 2 $14.0M paid; Year 3 $7.0M paid with $1.0M deferred; Year 4 $9.2M paid including prior deferral.

06-03-2026

BKV Corp reported total production of 305.0 Bcfe in 2025, up 5.7% YoY from 288.4 Bcfe in 2024, driven by Barnett growth (+10.2%) but offset by a sharp NEPA decline (-20.1%). Revenues surged 73.6% YoY to $1.01B, fueled by 75% higher natural gas revenues ($675.1M), though midstream revenues fell 17% and Section 45Q tax credits dropped 16%. PV-10 value jumped to $2.79B from $672M, while operating expenses rose 7.6% to $791.2M amid higher costs in several areas.

• ·Average production costs total company $1.32/Mcfe in 2025 vs $1.25/Mcfe in 2024 (+5.6%).
• ·DD&A expenses declined 28% YoY to $157.5M in 2025.
• ·Proved reserves PV-10 at Dec 31, 2025 alternative $3.08B.

06-03-2026

Five Point Holdings, LLC reported total revenues of $110.0M for the year ended December 31, 2025, down 54% YoY from $237.9M, driven by a 70% plunge in land sales to $42.5M from $139.1M and a 32% drop in management services-related party revenue to $65.3M, while operating properties revenue remained nearly flat at $2.3M. However, equity in earnings from unconsolidated entities surged 54% to $203.6M, boosting net income to $183.5M (up 3% YoY) and net income attributable to the company to $71.0M (up 4%), with Class A basic EPS rising to $1.01 from $0.98. Total assets grew to $3.25B, inventories increased to $2.44B, and notes payable declined to $443.3M from $525.7M.

• ·Cash flow from operating activities declined to $105.2M from $116.0M YoY.
• ·Valencia segment reported a loss of $(2.2)M in 2025 vs profit of $35.7M in 2024.
• ·San Francisco segment loss widened slightly to $(4.7)M from $(4.1)M YoY.
• ·Cash and cash equivalents decreased to $425.5M from $430.9M.

06-03-2026

Jet.AI Inc. reported revenues of $9.2M for the year ended December 31, 2025, a 34.5% YoY decline from $14.0M in 2024, resulting in a reduced gross loss of $0.3M versus $1.0M prior year; however, operating loss improved to $10.1M from $12.6M due to lower operating expenses. The company swung to net income of $4.6M from a $12.7M loss, driven by a $14.5M unrealized gain on investments, amid ongoing going concern risks, operating losses history, and a proposed divestiture of aviation assets to flyExclusive to focus on AI data centers.

• ·SPAC investment faces total loss risk if no acquisition by April 6, 2027
• ·Stock-based compensation: $1.6M in 2025 vs $4.3M in 2024
• ·Weighted average shares basic: 3.0M in 2025 vs 0.3M in 2024; Diluted EPS $0.33 in 2025

06-03-2026

Home Bancorp, Inc. reported net income of $46.1M for the year ended December 31, 2025, up 26% YoY from $36.4M, with diluted EPS increasing to $5.87 from $4.55 and ROA improving to 1.33% from 1.08%. Total assets grew 1.4% to $3.49B, deposits rose 6.9% to $2.97B, and net interest income increased 10.8% to $133.3M. However, asset quality deteriorated sharply with non-performing loans jumping to 1.25% of total loans from 0.50% and non-performing assets rising to 1.03% of total assets from 0.45%, while loans grew only 0.9% YoY.

• ·Provision for loan losses was $1.1M in 2025, down from $2.4M in 2024.
• ·Shareholders’ equity increased to $435.1M as of Dec 31, 2025 from $396.1M.
• ·Tier 1 risk-based capital ratio strengthened to 14.09% from 13.28%.
• ·Cash dividends per share rose to $1.14 in 2025 from $1.01.

06-03-2026

The Invesco Galaxy Solana ETF (QSOL) reported net assets of $2.24M as of December 31, 2025, with 180,000 shares outstanding, NAV per share of $12.45, and investments in Solana valued at $2.24M (cost basis $2.49M). For the inaugural period from October 16 to December 31, 2025, it generated $1,445 in staking income (net investment income $1,186) but suffered a $244,798 unrealized loss on Solana holdings and sponsor fees of $259, resulting in a net loss of $243,612. Total return at NAV was -50.20% over the full period (or -10.04% annualized from December 10 commencement of operations), while market value per share ended at $12.41.

• ·Commencement of operations: December 10, 2025
• ·Commencement of trading on exchange: December 15, 2025
• ·Net asset value per share at beginning of Dec 10-31 period: $13.84
• ·Paid-in capital: $2,485,077
• ·Distributable earnings (loss): $(243,612)
• ·Cash held by custodian: $500

06-03-2026

Civista Bancshares reported net income of $46.2M for 2025, up 46% YoY from $31.7M in 2024, driven by net interest income growth of 19% to $138.6M and net interest margin expansion to 3.61% from 3.21%, with total assets reaching $4.34B. However, noninterest income declined 10% YoY to $34.0M amid lower lease revenue, while noninterest expenses remained flat at $113.9M, and net income remained below 2023's $43.0M peak. The company completed the Farmers Savings Bank acquisition, issuing shares worth $31.2M.

• ·Diluted EPS $2.64 in 2025, up from $2.01 in 2024 but below $2.73 in 2023
• ·Provision for credit losses $3.4M in 2025, down from $5.4M in 2024
• ·Common dividends $0.68 per share in 2025, up from $0.64
• ·Shareholders’ equity $543.5M at Dec 31, 2025, up 40% from $388.5M in 2024
• ·Noninterest-bearing deposits flat at $702M end-2025 vs $695M end-2024

06-03-2026

Mammoth Energy Services reported total revenue of $44.3M for 2025, down 2.9% YoY from $45.6M, with growth in rental services (+56%) and infrastructure services (+177%) offset by declines in natural sand proppant (-13%), accommodation (-17%), and other services (-100%). While net loss from continuing operations narrowed to $63.8M from $183.1M, driven by lower SG&A and Adjusted EBITDA loss improving to $17.4M from $171.2M, a $31.7M impairment charge impacted results; overall net income turned positive at $4.6M due to $68.4M gain from discontinued operations. Cash and equivalents rose to $102.0M from $60.8M, but total assets declined to $334.9M from $384.0M.

• ·Capital expenditures totaled $70.6M in 2025, up significantly from $1.2M in 2024, primarily in rental services ($70.0M).
• ·Net cash used in operating activities from continuing operations was $19.6M in 2025 vs provided $194.7M in 2024.
• ·SG&A expenses decreased to $19.6M from $114.5M YoY.
• ·Revolving credit facility borrowing base increased to $50.0M from $25.2M as of Dec 31.

06-03-2026

For the 12 weeks ended January 23, 2026, Bridgford Foods Corp reported net sales of $55.3M, up 5.3% YoY from $52.5M, with gross margin improving 3.7% YoY to $13.4M and operating cash flow turning positive at $4.3M versus a $4.6M outflow prior year. However, the company still incurred a net loss of $0.8M (improved from $1.1M YoY) and basic EPS of ($0.09), while total assets declined 1.8% QoQ to $144.6M and inventories dropped 12.0% QoQ to $32.6M. Shareholders' equity decreased slightly 0.7% QoQ to $114.7M.

• ·Allowance for credit losses: $75 (Jan 23, 2026) vs $50 (Oct 31, 2025)
• ·Promotional allowances: $2,226 (Jan 23, 2026) vs $1,903 (Oct 31, 2025)
• ·Revolving credit facility unchanged at $2,000
• ·Basic loss per share: ($0.09) vs ($0.12) YoY
• ·Cash paid for interest: $120 (current) vs $88 (prior YoY)

06-03-2026

Black Hawk Acquisition Corp reported net income of $1.33M for FY ended November 30, 2025, down 30.6% YoY from $1.92M, driven by higher G&A expenses ($796K, +62% YoY) and a larger operating loss despite interest income from the Trust Account. The Trust Account balance plummeted 66.8% to $23.8M from $71.8M due to $51M in redemptions paid to public shareholders, leaving cash at a critically low $40K (down 85% YoY) and worsening shareholders' deficit to $(3.85M). New liabilities emerged including $575K due to target company and $595K convertible notes to related party, signaling ongoing acquisition pursuit amid liquidity pressures.

• ·Deferred underwriting fee payable steady at $2.415M.
• ·Net cash used in operating activities increased to $650K from $554K YoY.
• ·Proceeds from promissory note to related party: $600K in FY 2025.

06-03-2026

Hennessy Capital Investment Corp. VII (HVII), a SPAC, filed its 10-K on March 6, 2026, disclosing a Proposed Business Combination with ONE Nuclear Energy LLC per agreement dated October 22, 2025, with a 24-month completion window from IPO closing. The filing details a $6.9M private placement of 690,000 units at $10.00 each, permitted withdrawals up to 5.0% of trust interest annually, and highlights experienced board members; however, it emphasizes extensive SPAC-specific risks including failure to complete a business combination, liquidity issues, conflicts of interest, and regulatory challenges.

• ·24 months from IPO closing as completion window for initial business combination, after which public shares redeem at ~$10.00 per share
• ·Private placement units consist of one Class A ordinary share and one right to 1/12 Class A ordinary share upon business combination
• ·Form S-4 (File No. 333-292440) filed for Proposed Business Combination

06-03-2026

Whitestone REIT reported a portfolio of 56 properties totaling 4,857,508 sq ft with 95% average occupancy and $116.6M in annualized base rental revenue ($25.28 per sq ft) as of December 31, 2025, while maintaining a conservative debt ratio of 47% net of cash to undepreciated book value (target ≤60%), with 51 properties unencumbered. However, occupancy varied significantly across properties, with strong performers at 100% (e.g., BLVD Place, Lake Woodlands Crossing) but underperformers like The Citadel at 57% and San Clemente at 67%. Total abatements equaled $0.4M for December 2025, and the top 15 tenants accounted for 14.2% of annualized base rental revenues.

• ·Debt policy targets ratio of debt net of cash to undepreciated book value ≤60%.
• ·Land held for development includes sites like Anderson Arbor PAD, BLVD Phase II-B, with 0 sq ft and 0% occupancy.

06-03-2026

Newbury Street II Acquisition Corp, a blank check company, reported net income of $6.6M for the year ended December 31, 2025, up significantly from $1.0M in the prior partial period, driven by $7.3M in interest income as the Trust Account grew 4.2% to $181.8M at a redemption value of $10.54 per share. However, operating losses widened to $0.69M due to higher G&A costs, cash balances declined 38% to $0.77M, current assets fell 38%, and shareholders' deficit worsened 14% to $(5.3M).

• ·Company inception date: June 18, 2024
• ·Filing date: March 06, 2026

06-03-2026

Dynamix Corp, a SPAC, reported a net loss of $13.2M for the year ended December 31, 2025, compared to $0.1M loss for the period from inception (June 13, 2024) through December 31, 2024, driven by higher G&A expenses ($5.4M vs $0.4M) and a sharp increase in warrant liability fair value loss ($14.9M). While investments held in the Trust Account grew to $173.4M from $167.2M, cash balances declined significantly to $0.2M from $1.5M, total liabilities rose to $27.3M from $9.1M, and shareholders' deficit deepened to $27.1M from $7.6M.

• ·Company inception date: June 13, 2024
• ·Class A ordinary shares redemption value: $10.45 per share (2025) vs $10.07 (2024)
• ·Change in fair value of warrant liabilities contributed $14.9M expense in 2025
• ·PCAOB ID Number 100 for Independent Registered Public Accounting Firm

06-03-2026

For Q3 FY2025, Greenwave Technology Solutions reported revenue growth of 49% YoY to $12.7M, driven by higher sales, while gross profit was nearly flat at $3.5M and net loss widened to $5.3M amid higher operating expenses. Over the nine months ended September 30, 2025, revenue rose 25% YoY to $31.0M with flat gross profit of $9.1M, operating loss improved to $13.5M from $16.2M, but net loss available to common stockholders was $17.9M; total assets declined 5% to $59.9M, cash fell to $1.5M, and stockholders' equity dropped 12% to $32.7M with substantial doubt about going concern.

• ·Related party property and equipment net declined to $10.7M from $11.8M.
• ·Non-convertible notes payable increased to $7.96M total (current + long-term) from $6.77M.
• ·Operating cash flow used $5.9M in 9M 2025 vs $14.8M in 9M 2024 (improved).
• ·Financing activities provided $5.8M net cash in 9M 2025, primarily from common stock and warrants issuance.
• ·Substantial doubt about going concern noted.
• ·Nasdaq listing standards risk and ineligibility for Form S-3 mentioned.

06-03-2026

Ategrity Specialty Insurance Co Holdings (ASIC) reported robust growth for the year ended December 31, 2025, with gross written premiums up 33.1% YoY to $582M, net written premiums surging 41.9% to $425M, and underwriting income increasing 141.2% to $43M, leading to net income of $76M (up 41.1% YoY) and an improved combined ratio of 88.2% from 93.9%. Net investment income rose 76.2% to $42M, boosting income before taxes by 44.7% to $96M. However, net realized and unrealized gains on investments declined 55.0% to $13M, cash equivalents investment income fell 58.0%, and net cash used in investing activities widened to $274M from $363M.

• ·Loss ratio improved to 58.7% from 60.3% YoY.
• ·Expense ratio declined to 29.5% from 33.6% YoY.
• ·Diluted EPS increased to $1.58 from $1.28 YoY.
• ·Adjusted diluted EPS rose to $1.61 from $1.32 YoY.
• ·Net cash change was positive $3M in 2025 vs negative $238M in 2024.

06-03-2026

Bunker Hill Mining Corp. reported total assets of $151M as of Dec 31, 2025, up 55% YoY from $98M, driven by process plant investments ($97M) and increased cash to $19M from $4M, supported by $73M in net financing inflows primarily from equity issuances that quadrupled shares outstanding to 40M. However, the company posted a net loss of $93M, more than tripling the prior year's $25M loss due to $49M silver loan fair value loss and $43M derivative liability change, while total liabilities rose 38% to $207M and shareholders' deficiency worsened to $56M from $52M. Operating cash use intensified to $18M from $10M amid ongoing pre-production development.

• ·Process plant increased to $97.2M from $66.4M (+46%) due to $36.4M expenditures.
• ·Silver loan liability surged to $80.7M from $31.8M amid $49.4M fair value loss.
• ·Derivative warrant liability jumped to $75.2M from $1.1M.
• ·Forward-looking Bunker Hill Project NPV (5%) $63M, IRR 36%, payback 2.1 years; annual avg Zinc eq production 93M lbs.
• ·Ongoing Crescent Mine litigation risk noted.

06-03-2026

Compass Digital Acquisition Corp., a blank check SPAC with no operating history or revenues, filed its 10-K for the fiscal year ended December 31, 2025, continuing its search for an initial business combination, potentially the KMC Business Combination. The company has extended its Combination Period multiple times through shareholder votes, most recently at the 2025 EGM to April 20, 2026, but faced significant redemptions including 16,045,860 shares in 2023, 2,713,143 in 2024, and 2,370,619 in 2025, reducing outstanding Public Shares. The per-share Redemption Price has risen to approximately $11.67 as of December 31, 2025, from prior levels around $10.54-$11.25, supported by the initial $200M Trust Account.

• ·Combination Period extended up to April 20, 2026 via 2025 EGM.
• ·No initial Business Combination completed as of December 31, 2025.
• ·Blank check company with no revenues or operating history.
• ·Sponsor: HCG Opportunity, LLC following Sponsor Handover on August 31, 2023.