Market Newsdesk

February 9, 2026 4:24 pm

Vir Biotechnology to Host Conference Call for Fourth Quarter and Full Year 2025 Financial Results

Vir Biotechnology to Host Conference Call for Fourth Quarter and Full Year 2025 Financial Results

SAN FRANCISCO–(BUSINESS WIRE)–
Vir Biotechnology, Inc. (Nasdaq: VIR) today announced that it will host a conference call at 5:30 p.m. ET / 2:30 p.m. PT on Monday, February 23 to provide a corporate update and discuss its financial results for the fourth quarter and full year ended December 31, 2025. The conference call may be accessed on the Events & Presentations page of the Vir Biotechnology website.

About Vir Biotechnology

Vir Biotechnology, Inc. is a clinical-stage biopharmaceutical company focused on powering the immune system to transform lives by discovering and developing medicines for serious infectious diseases and cancer. Its clinical-stage portfolio includes programs for chronic hepatitis delta and multiple PRO-XTEN^® dual-masked T-cell engagers across validated targets in solid tumor indications. Vir Biotechnology also has a portfolio of preclinical programs across a range of infectious diseases and oncologic malignancies. Vir Biotechnology routinely posts information that may be important to investors on its website.

Vir Biotechnology retains exclusive rights to the PRO-XTEN^® masking platform for oncology and infectious disease. PRO-XTEN^® is a trademark of Amunix Pharmaceuticals, Inc., a Sanofi company.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209367749/en/

Media Contact

Caren Scannell

Director, Communications

[email protected]

Investor Contact

Kiki Patel, PharmD

Head of Investor Relations

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Biotechnology Finance Health Professional Services Oncology

MEDIA:

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February 9, 2026 4:23 pm

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2025

MIAMI, Feb. 09, 2026 (GLOBE NEWSWIRE) — PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the first quarter ended December 31, 2025.

HIGHLIGHTS

Quarter ended December 31, 2025 (Unaudited)
($ in millions, except per share amounts)

Assets and Liabilities:
Investment portfolio ⁽¹⁾⁽²⁾	$	2,605.3
Net assets	$	1,040.4
Net asset value per share	$	10.49
Quarterly change in net asset value per share		(3.1	)%

Credit Facility	$	488.9
2026 Notes, net of unamortized deferred financing costs	$	184.8
2036 Asset-Backed Debt, net of unamortized deferred financing costs	$	284.8
2036-R Asset-Backed Debt, net of unamortized deferred financing costs	$	286.6
2037 Asset-Backed Debt, net of unamortized deferred financing costs	$	387.0
Debt to equity	1.57x
Weighted average yield on debt investments at quarter-end		9.9	%

Operating Results:
Net investment income	$	26.6
Net investment income per share (GAAP)	$	0.27
Core net investment income per share ⁽³⁾	$	0.27
Distributions declared per share	$	0.31

Portfolio Activity:
Purchases of investments	$	301.0
Sales and repayments of investments	$	441.4

PSSL Portfolio data:
PSSL investment portfolio	$	1,195.0
Purchases of investments	$	133.8
Sales and repayments of investments	$	12.4

PSSL II Portfolio data:
PSSL II investment portfolio	$	193.2
Purchases of investments	$	196.5
Sales and repayments of investments	$	2.9

(1)		Includes investments in PennantPark Senior Secured Loan Fund I LLC, or PSSL, an unconsolidated joint venture, totaling $310.3 million, at fair value.
(2)		Includes investments in PennatPark Senior Secured Loan Fund II LLC, or PSSL II, an unconsolidated joint venture, totaling $56.2 million, at fair value.
(3)		Core net investment income (“Core NII”) is a non-GAAP financial measure. The Company believes that Core NII provides useful information to investors and management because it reflects the Company’s financial performance excluding one-time or non-recurring investment income and expenses. The presentation of this additional information is not meant to be considered in isolation or as a substitute for financial results prepared in accordance with GAAP. For the quarter ended December 31, 2025, Core NII excluded: i) $0.5m of credit facility amendment costs and ii) $0.1m of incentive fee expense.

CONFERENCE CALL AT 9:00 A.M. ET ON FEBRUARY 10, 2026

The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday, February 10, 2026 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (800) 330-6710 approximately 5-10 minutes prior to the call. International callers should dial (646) 769-9200. All callers should reference conference ID #9076698 or PennantPark Floating Rate Capital Ltd. An archived replay will also be available on a webcast link located on the Quarterly Earnings page in the Investor section of PennantPark’s website.

PORTFOLIO AND INVESTMENT ACTIVITY

“We are pleased with the momentum of our new joint venture, PSSL II, which commenced operations and invested approximately $200 million during the quarter. Following quarter end, the joint venture purchased investments of approximately $130 million bringing total assets to approximately $325 million. Additionally, PSSL II upsized its credit facility, further supporting the plans to grow the NII of PFLT with a goal of dividend coverage” said Art Penn, Chairman and CEO. “Our portfolio continues to perform well, and we remain confident in its durability, underpinned by our disciplined approach to investing in the core middle market.”

As of December 31, 2025, our portfolio totaled $2,605.3 million, and consisted of $2,310.2 million of first lien secured debt (including $237.7 million in PSSL and $39.4 million in PSSL II), $20.1 million of second lien and subordinated debt and $275.0 million of preferred and common equity (including $72.7 million in PSSL and $16.9 million in PSSL II). Our debt portfolio consisted of approximately 99% variable-rate investments. As of December 31, 2025, we had four portfolio companies on non-accrual, representing 0.5% and 0.1% of our overall portfolio on a cost and fair value basis, respectively. As of December 31, 2025, the portfolio had net unrealized depreciation of $78.4 million. Our overall portfolio consisted of 160 companies with an average investment size of $16.3 million and had a weighted average yield on debt investments of 9.9%.

As of September 30, 2025, our portfolio totaled $2,773.3 million and consisted of $2,513.6 million of first lien secured debt (including $237.7 million in PSSL), $19.0 million of second lien and subordinated debt and $240.7 million of preferred and common equity (including $44.3 million in PSSL). Our debt portfolio consisted of approximately 99% variable-rate investments. As of September 30, 2025, we had three portfolio companies on non-accrual, representing 0.4% and 0.2% of our overall portfolio on a cost and fair value basis, respectively. As of September 30, 2025, the portfolio had net unrealized depreciation of $46.1 million. Our overall portfolio consisted of 164 companies with an average investment size of $16.9 million, and a weighted average yield on debt investments of 10.2%.

For the three months ended December 31, 2025, we invested $301.0 million in four new and 51 existing portfolio companies at a weighted average yield on debt investments of 10.0%. Sales and repayments of investments for the same period totaled $441.4 million including $132.5 million of sales to PSSL and $196.5 million of sales to PSSL II. For the three months ended December 31, 2024, we invested $606.9 million in 11 new and 58 existing portfolio companies with a weighted average yield on debt investments of 10.3%. Sales and repayments of investments for the same period totaled $401.3 million, including $187.7 million of sales to PSSL.

PennantPark Senior Secured Loan Fund I LLC

As of December 31, 2025, PSSL’s portfolio totaled $1,195.0 million, consisted of 120 companies with an average investment size of $10.0 million and had a weighted average yield on debt investments of 9.6%. As of September 30, 2025, PSSL’s portfolio totaled $1,084.6 million, consisted of 117 companies with an average investment size of $9.3 million and had a weighted average yield on debt investments of 10.1%.

For the three months ended December 31, 2025, PSSL invested $133.8 million (including $132.5 million purchase from the Company) in four new and 17 existing portfolio companies with a weighted average yield on debt investments of 9.4%. PSSL’s sales and repayments of investments for the same period totaled $12.4 million. For the three months ended December 31, 2024, PSSL invested $224.9 million (including $187.7 million purchased from the Company) in 17 new and eight existing portfolio companies with a weighted average yield on debt investments of 10.3%. PSSL’s sales and repayments of investments for the same period totaled $86.6 million.

PennantPark Senior Secured Loan Fund II LLC

As of December 31, 2025, PSSL II’s portfolio totaled $193.2 million and consisted of 41 companies with an average investment size of $4.7 million and at a weighted average yield on debt investments of 9.0%.

For the three months ended December 31, 2025, PSSL II invested $196.5 million (including $196.5 million purchased from the Company) in 42 new and zero existing portfolio companies at a weighted average yield on debt investments of 9.3%. Sales and repayments of investments for the three months ended December 31, 2025 totaled $2.9 million.

RESULTS OF OPERATIONS

Set forth below are the results of operations for the three months ended December 31, 2025 and 2024.

Investment Income

For the three months ended December 31, 2025 investment income was $70.1 million, which was attributable to $64.2 million from first lien secured debt and $5.9 million from other investments. For the three months ended December 31, 2024, investment income was $67.0 million, which was attributable to $61.0 million from first lien secured debt and $6.0 million from other investments. The increase in investment income for the three months ended December 31, 2025, was primarily due to the increase in the size of the debt portfolio.

Expenses

For the three months ended December 31, 2025, expenses totaled $43.5 million and were comprised of: $27.2 million of debt related interest and expenses, $6.8 million of base management fees, $6.7 million of performance-based incentive fees, $2.1 million of general and administrative expenses, $0.2 million of taxes and $0.5 million in Credit Facility amendment costs. For the three months ended December 31, 2024, expenses totaled $37.0 million and were comprised of: $22.4 million of debt related interest and expenses, $5.3 million of base management fees, $7.5 million of performance-based incentive fees, $1.7 million of general and administrative expenses and $0.2 million of taxes. The increase in expenses for the three months ended December 31, 2025, was primarily due to the increase in interest expense from increased borrowings as a result of the increase in our investment portfolio.

Net Investment Income

For the three months ended December 31, 2025 and 2024, net investment income totaled $26.6 million or $0.27 per share, and $30.0 million or $0.37 per share, respectively. The decrease in net investment income for the three months ended December 31, 2025, was primarily due to an increase in interest expense and one time credit facility amendment costs.

Net Realized Gains or Losses

For the three months ended December 31, 2025 and 2024, net realized gains (losses) totaled $1.5 million and $26.7 million, respectively. The change in net realized gains (losses) was primarily due to changes in the market conditions of our investments and the values at which they were realized.

Unrealized Appreciation or Depreciation on Investments and Debt

For the three months ended December 31, 2025 and 2024, we reported net change in unrealized appreciation (depreciation) on investments of $(32.3) million and $(29.0) million, respectively. As of December 31, 2025 and September 30, 2025, our net unrealized appreciation (depreciation) on investments totaled $(78.4) million and $(46.1) million, respectively. The net change in unrealized appreciation (depreciation) on our investments was primarily due to the operating performance of the portfolio companies within our portfolio, changes in the capital market conditions of our investments, and realization of investments.

For the three months ended December 31, 2025 and 2024, our Credit Facility had a net change in unrealized appreciation (depreciation) of less than ($0.1) million and $0.1 million, respectively. As of December 31, 2025 and September 30, 2025, the net unrealized appreciation (depreciation) on the Credit Facility totaled zero, respectively. The net change in net unrealized (appreciation) or depreciation was primarily due to changes in the capital markets.

Net Change in Net Assets Resulting from Operations

For the three months ended December 31, 2025 and 2024, net increase (decrease) in net assets resulting from operations totaled $(3.6) million or $(0.04) per share and $28.3 million, or $0.35 per share, respectively. The net increase or (decrease) from operations for the three months ended December 31, 2025, was primarily due to operating performance of our portfolio and changes in capital market conditions of our investments along with change in size and cost yield of our debt portfolio and costs of financing.

LIQUIDITY AND CAPITAL RESOURCES

Our liquidity and capital resources are derived primarily from cash flows from operations, including income earned, proceeds from investment sales and repayments, and proceeds of securities offerings and debt financings. Our primary use of funds from operations includes investments in portfolio companies and payments of fees and other operating expenses we incur. We have used, and expect to continue to use, our debt capital, proceeds from our portfolio and proceeds from public and private offerings of securities to finance our investment objectives and operations.

For the three months ended December 31, 2025 and 2024, the annualized weighted average cost of debt, inclusive of the fee on the undrawn commitment on the Credit Facility, amendment costs and debt issuance costs, was 6.2% and 7.0%, respectively. As of December 31, 2025 and September 30, 2025, we had $279.1 million and $34.1 million of unused borrowing capacity under the Credit Facility, respectively, subject to leverage and borrowing base restrictions.

As of December 31, 2025 and September 30, 2025, we had cash and cash equivalents of $95.3 million and $122.7 million, respectively, available for investing and general corporate purposes. We believe our liquidity and capital resources are sufficient to take advantage of market opportunities.

During the three months ended December 31, 2025 we did not issue any shares of our common stock under the ATM Programs. During the three months ended December 31, 2024 we issued 7,276,000 shares of our common stock under the ATM Programs. During the three months ended December 31, 2024, shares were issued at a weighted average price of $11.30 per share, resulting in net proceeds of $82.2 million after commissions to the sales agents and inclusive of proceeds from the Investment Adviser to ensure that all shares were sold at or above NAV.

For the three months ended December 31, 2025, our operating activities provided cash of $148.6 million and our financing activities used cash of $176.0 million. Our operating activities provided cash primarily due to our investment activities and our financing activities used cash primarily due to repayments of our Credit Facility offset by proceeds received from the sale of $28.5 million of 2037 Class D Notes and $21.0 million of 2036-R Asset-Backed Debt D-R Notes to third parties.

For the three months ended December 31, 2024, our operating activities used cash of $232.7 million and our financing activities provided cash of $222.9 million. Our operating activities used cash primarily due to our investment activities and our financing activities provided cash primarily due to borrowings under the Credit Facility and proceeds from public offerings under our ATM program.

DISTRIBUTIONS

During the three months ended December 31, 2025 we declared distributions of $0.3075 per share for total distributions of $30.5 million. During the three months ended December 31, 2024, we declared distributions of $0.3075 per share for total distributions of $25.2 million. We monitor available net investment income to determine if a return of capital for tax purposes may occur for the fiscal year. To the extent our taxable earnings fall below the total amount of our distributions for any given fiscal year, stockholders will be notified of the portion of those distributions deemed to be a tax return of capital. Tax characteristics of all distributions will be reported to stockholders subject to information reporting on Form 1099-DIV after the end of each calendar year and in our periodic reports filed with the SEC.

RECENT DEVELOPMENTS

In February 2026, PSSL II upsized its revolving credit facility to $250 million.

Subsequent to quarter end, the Company sold approximately $27 million of assets to PSSL and approximately $133 million of assets to PSSL II. Following these transactions and other portfolio activity post quarter end, the Company’s total investment portfolio was approximately $2.54 billion and our debt to equity ratio was 1.5x.

AVAILABLE INFORMATION

The Company makes available on its website its Quarterly Report on Form 10-Q filed with the SEC, and stockholders may find such report on its website at www.pennantpark.com.

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (in thousands, except per share data)

	December 31, 2025			September 30, 2025
	(unaudited)
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost— $2,226,700 and $2,458,018, respectively)	$	2,238,775		$	2,491,360
Controlled, affiliated investments (amortized cost— $457,000 and $361,375, respectively)		366,572			281,968
Total investments (amortized cost— $2,683,700 and $2,819,393, respectively)		2,605,347			2,773,328
Cash equivalents (cost— $40,143 and $40,729, respectively)		40,143			40,729
Cash (cost— $55,121 and $81,955, respectively)		55,125			81,959
Interest receivable		13,017			13,832
Receivable for investments sold		37			1,369
Due from affiliate		239			321
Prepaid expenses and other assets		2,174			2,143
Total assets		2,716,082			2,913,681
Liabilities
Credit Facility payable, at fair value (cost— $488,855 and $683,855, respectively)		488,859			683,837
2026 Notes payable, net (par—$185,000) (unamortized deferred financing costs of $197 and $391, respectively)		184,803			184,609
2036 Asset-Backed Debt, net (par—$287,000) (unamortized deferred financing costs of $2,238 and $2,373, respectively)		284,762			284,627
2036-R Asset-Backed Debt, net (par— $287,000 and $266,000) (unamortized deferred financing costs of $439 and $634, respectively)		286,561			265,366
2037 Asset-Backed Debt, net (par— $389,500 and $361,000) (unamortized deferred financing costs of $2,475 and $2,669, respectively)		387,025			358,331
Payable for investments purchased		—			14,852
Interest payable on debt		16,109			19,172
Distributions payable		10,170			10,170
Base management fee payable		6,814			6,549
Incentive fee payable		6,660			6,883
Accounts payable and accrued expenses		2,662			2,166
Deferred tax liability		1,228			1,864
Due to affiliate		—			739
Total liabilities		1,675,653			1,839,165
Net assets
Common stock, 99,217,896 and 99,217,896 shares issued and outstanding, respectively Par value $0.001 per share and 200,000,000 shares authorized		99			99
Paid-in capital in excess of par value		1,219,502			1,219,502
Accumulated deficit		(179,172	)		(145,085	)
Total net assets	$	1,040,429		$	1,074,516
Total liabilities and net assets	$	2,716,082		$	2,913,681
Net asset value per share	$	10.49		$	10.83

PENNANTPARK FLOATING RATE CAPITAL LTD. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except per share data) (Unaudited)

	Three Months Ended December 31,
	2025			2024
Investment income:
From non-controlled, non-affiliated investments:
Interest	$	56,531		$	47,463
Dividend		8			577
Other income		761			1,480
From controlled, affiliated investments:
Interest		7,845			12,808
Dividend		4,944			4,375
Other income		—			306
Total investment income		70,089			67,009
Expenses:
Interest and expenses on debt		27,154			22,361
Performance-based incentive fee		6,660			7,492
Base management fee		6,814			5,264
General and administrative expenses		1,200			1,200
Administrative services expenses		900			500
Expenses before provision for taxes and amendment costs		42,728			36,817
Provision for taxes on net investment income		225			225
Credit Facility amendment costs		498			—
Total expenses		43,451			37,042
Net investment income		26,638			29,967
Realized and unrealized gain (loss) on investments and debt:
Net realized gain (loss) on:
Non-controlled, non-affiliated investments		1,457			1,181
Non-controlled and controlled, affiliated investments		—			25,493
Provision for taxes on realized gain (loss) on investments		—			(73	)
Net realized gain (loss) on investments		1,457			26,601
Net change in unrealized appreciation (depreciation) on:
Non-controlled, non-affiliated investments		(21,266	)		2,943
Controlled and non-controlled, affiliated investments		(11,021	)		(31,904	)
Provision for taxes on unrealized appreciation (depreciation) on investments		636			632
Debt appreciation (depreciation)		(22	)		90
Net change in unrealized appreciation (depreciation) on investments and debt		(31,673	)		(28,239	)
Net realized and unrealized gain (loss) from investments and debt		(30,216	)		(1,638	)
Net increase (decrease) in net assets resulting from operations	$	(3,578	)	$	28,329
Net increase (decrease) in net assets resulting from operations per common share	$	(0.04	)	$	0.35
Net investment income per common share	$	0.27		$	0.37

ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.

PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.

ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC

PennantPark Investment Advisers, LLC, a leading middle-market credit platform, and its affiliates, manage approximately $10 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle-market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, Amsterdam, and Zurich. For more information about PennantPark and affiliates, please go to our website at www.pennantpark.com.

FORWARD-LOOKING STATEMENTS AND OTHER

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act of 1933, as amended, and Section 21E(b)(2)(B) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports we file under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results, and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.

We may use words such as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates” and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations.

The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

CONTACT:	Richard T. Allorto, Jr.
	PennantPark Floating Rate Capital Ltd.
	(212) 905-1000
	www.pennantpark.com

February 9, 2026 4:22 pm

Quantum to Announce Fiscal Third Quarter 2026 Financial Results on February 17, 2026

Quantum to Announce Fiscal Third Quarter 2026 Financial Results on February 17, 2026

CENTENNIAL, Colo.–(BUSINESS WIRE)–
Quantum Corporation (Nasdaq: QMCO) (“Quantum” or the “Company”), today announced it will release financial results for its fiscal third quarter 2026 on Tuesday, February 17, 2026, after the markets close.

Hugues Meyrath, Chief Executive Officer, and William White, Chief Financial Officer, will host a conference call on Tuesday, February 17, 2026 at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the Company’s financial results and business outlook.

Analysts and investors are invited to join the conference call using the following information:

Date: Tuesday, February 17, 2026

Time: 5:00 p.m. ET (2:00 p.m. PT)

Conference Call Number: 1-866-424-3436

International Call Number: +1-201-689-8058

Confirmation ID: 13758121

Webcast link: Click Here

A telephone replay of the conference call will be available approximately two hours after the conference call and will be available through February 26, 2026. To access the replay dial 1-877-660-6853 and enter the conference ID 13758121 at the prompt. International callers should dial +1-201-612-7415 and enter the same conference ID. Following the conclusion of the live call, a replay of the webcast will be available on the Company’s website for at least 90 days.

About Quantum

Quantum delivers end-to-end data management solutions designed for the AI era. With over four decades of experience, our data platform has allowed customers to extract the maximum value from their unique, unstructured data. From high-performance ingest that powers AI applications and demanding data-intensive workloads, to massive, durable data lakes to fuel AI models, Quantum delivers the most comprehensive and cost-efficient solutions. Leading organizations in life sciences, government, media and entertainment, research, and industrial technology trust Quantum with their most valuable asset – their data. For more information visit www.quantum.com.

Quantum is listed on Nasdaq (QMCO). Quantum and the Quantum logo are registered trademarks of Quantum Corporation and its affiliates in the United States and/or other countries. All other trademarks are the property of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209338286/en/

Investor Relations Contacts:

Shelton Group

Leanne K. Sievers | Brett L. Perry

E: [email protected]

KEYWORDS: United States North America California Colorado

INDUSTRY KEYWORDS: Software Technology Artificial Intelligence Data Management

MEDIA:

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February 9, 2026 4:21 pm

ZoomInfo Announces Fourth Quarter and Full-Year 2025 Financial Results

ZoomInfo Announces Fourth Quarter and Full-Year 2025 Financial Results

VANCOUVER, Wash.–(BUSINESS WIRE)–
ZoomInfo, (NASDAQ: GTM) the Go-To-Market Intelligence Platform, today announced its financial results for the fourth quarter and full-year ended December 31, 2025.

“In 2025 we delivered record revenue, expanded profitability, and increased free cash flow, while building the all-in-one AI platform for go-to-market teams,” said Henry Schuck, ZoomInfo Founder and CEO. “In 2026, our focus is on bringing that platform to our customers at scale – putting our differentiated data, intelligence, workflow automations, and AI-powered insights directly into the hands of go-to-market teams and AI agents so they can more efficiently find, win, and grow customers.”

Fourth Quarter 2025 Financial Highlights:

GAAP Revenue of $319.1 million, an increase of 3% year-over-year.
GAAP Operating Income of $54.2 million and Adjusted Operating Income of $122.6 million.
GAAP Operating Income Margin of 17% and Adjusted Operating Income Margin of 38%.
GAAP Cash Flow from Operations of $143.5 million and Unlevered Free Cash Flow of $135.2 million.

Full-Year 2025 Financial Highlights:

GAAP Revenue of $1,249.5 million, an increase of 3% year-over-year.
GAAP Operating Income of $225.7 million and Adjusted Operating Income of $445.9 million.
GAAP Operating Income Margin of 18% and Adjusted Operating Income Margin of 36%.
GAAP Cash Flow from Operations of $465.4 million and Unlevered Free Cash Flow of $454.9 million.

Recent Business and Operating Highlights:

For the second year-in-a-row, ZoomInfo has been named a Leader in the 2025 Gartner® Magic Quadrant™ for Account-Based Marketing (ABM) Platforms.
In 2025, the Company strengthened the core data engine that powers ZoomInfo by an additional 10.2 million contacts discoverable through enhanced title classification, expanded international mobile coverage by 1.8 million numbers across the UK, France, Germany, Italy, Spain, and the Netherlands, and verified location data for 160 million contacts, reflecting remote work realities.
Closed the quarter with 1,921 customers with $100,000 or greater in Annual Contract Value (“ACV”), an increase of 34 from the prior quarter, and an increase of 54 year-over-year. These customers now make up more than 50% of total Company ACV.¹
74% of the Company’s ACV was Upmarket, an increase of 6% year-over-year.¹
As of December 31, 2025, the Company’s net revenue retention rate was 90%.
During the year ended December 31, 2025, the Company repurchased 40.5 million shares of Common Stock accounting for 12% of total shares outstanding, at an average price of $10.06, for an aggregate $407.0 million. As of year-end, there remained $230.6 million outstanding under existing share repurchase authorizations.
The Board of Directors of ZoomInfo approved an additional $1.0 billion share repurchase authorization in February 2026.
The Board of Directors of ZoomInfo has appointed Owen Wurzbacher as its Lead Independent Director. Mr. Wurzbacher has served on the Board of Directors since August 2024. He chairs the Board’s Compensation Committee and is a member of the Nominating and Corporate Governance Committee.

^{____________________

1} As of, or for the three months ended, December 31, 2025, as applicable

Q4 2025 Financial Highlights (Unaudited)
($ in millions, except per share amounts)

	GAAP Quarterly Results	Change YoY		Non-GAAP Quarterly Results	Change YoY
Revenue	$319.1	3%
Operating Income	$54.2	75%	Adjusted Operating Income	$122.6	6%
Operating Income Margin	17%		Adjusted Operating Income Margin	38%
Net Income Per Share (Diluted)	$0.11		Adjusted Net Income Per Share (Diluted)	$0.32
Cash Flow from Operating Activities	$143.5	32%	Unlevered Free Cash Flow	$135.2	44%

FY 2025 Financial Highlights (Unaudited)
($ in millions, except per share amounts)

	GAAP Annual Results	Change YoY		Non-GAAP Annual Results	Change YoY
Revenue	$1,249.5	3%
Operating Income	$225.7	132%	Adjusted Operating Income	$445.9	4%
Operating Income Margin	18%		Adjusted Operating Income Margin	36%
Net Income Per Share (Diluted)	$0.38		Adjusted Net Income Per Share (Diluted)	$1.09
Cash Flow from Operating Activities	$465.4	26%	Unlevered Free Cash Flow	$454.9	2%

The Company uses a variety of operational and financial metrics, including non-GAAP financial measures, to evaluate its performance and financial condition. The accompanying financial data includes additional information regarding these metrics and a reconciliation of non-GAAP financial information for historical periods to the most directly comparable GAAP financial measure. The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

Business Outlook:

Based on information available as of February 9, 2026, ZoomInfo is providing guidance for the first quarter and full-year 2026 as follows:

	Q1 2026	FY 2026
Revenue	$306 – $309 million	$1.247 – $1.267 billion
Non-GAAP Adjusted Operating Income	$105 – $108 million	$456 – $466 million
Non-GAAP Adjusted Net Income Per Share	$0.25 – $0.27	$1.10 – $1.12
Non-GAAP Unlevered Free Cash Flow	Not guided	$435 – $465 million
Weighted Average Shares Outstanding	322 million	325 million

Conference Call and Webcast Information:

ZoomInfo will host a conference call today, February 9, 2026, to review its results at 4:30 p.m. Eastern Time, 1:30 p.m. Pacific Time. To participate in the live conference call via telephone, please register here. Upon registering, a dial-in number and unique PIN will be provided to join the conference call.

The call will also be webcast live on the Company’s investor relations website at https://ir.zoominfo.com/, where related presentation materials will be posted prior to the conference call. Following the conference call, an archived webcast of the call will be available for one year on the investor relations website.

Upcoming Events:

ZoomInfo executives expect to participate in the following investor events:

Raymond James 47th Annual Institutional Investors Conference, Mar. 2, 2026
Morgan Stanley Technology, Media & Telecom Conference, Mar. 3, 2026
Stifel Technology Conference, Mar. 10, 2026

For more information on specific events, presentation times, and webcast details (if available), visit the “News & Events” section on the Company’s investor relations website at https://ir.zoominfo.com. Conferences with presentations that are webcast, will be webcast live, and the replay will be available for a limited time.

Non-GAAP Financial Measures and Other Metrics:

To supplement our consolidated financial statements presented in accordance with GAAP, this press release contains non-GAAP financial measures, including Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Net Income, Adjusted Net Income Per Share, and Unlevered Free Cash Flow. We believe these non-GAAP measures are useful to investors in evaluating our operating performance because they eliminate certain items that affect period-over-period comparability and provide consistency with past financial performance and additional information about our underlying results and trends by excluding certain items that may not be indicative of our business, results of operations, or outlook.

Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for the comparable GAAP measures, but rather as supplemental information to our business results. This information should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. There are limitations to these non-GAAP financial measures because they are not prepared in accordance with GAAP and may not be comparable to similarly titled measures of other companies due to potential differences in methods of calculation and items or events being adjusted. In addition, other companies may use different measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. A reconciliation is provided at the end of this press release for each historical non-GAAP financial measure to the most directly comparable financial measure stated in accordance with GAAP. We do not provide a quantitative reconciliation of the forward-looking non-GAAP financial measures included in this press release to the most directly comparable GAAP measures due to the high variability and difficulty to predict certain items excluded from these non-GAAP financial measures; in particular, the effects of stock-based compensation expense, taxes and amounts under the exchange tax receivable agreement, deferred tax assets and deferred tax liabilities, and restructuring and transaction expenses. We expect the variability of these excluded items may have a significant, and potentially unpredictable, impact on our future GAAP financial results.

We define Adjusted Operating Income as income (loss) from operations adjusted for, as applicable, (i) amortization of acquired technology and other acquired intangibles, (ii) equity-based compensation expense, (iii) restructuring and transaction-related expenses, (iv) integration costs and acquisition-related expenses, (v) and litigation settlement. We define Adjusted Operating Income Margin as Adjusted Operating Income divided by revenue.

We define Adjusted Net Income as net income (loss) adjusted for, as applicable, (i) loss on debt modification and extinguishment, (ii) amortization of acquired technology and other acquired intangibles, (iii) equity-based compensation expense, (iv) restructuring and transaction-related expenses, (v) integration costs and acquisition-related expenses, (vi) litigation settlement, (vii) TRA liability remeasurement (benefit) expense, (viii) other (income) loss, net and (ix) tax impacts of adjustments to net income (loss). We define Adjusted Net Income Per Share as Adjusted Net Income divided by diluted weighted average shares outstanding used for Adjusted Net Income Per Share.

We define Unlevered Free Cash Flow as net cash provided by (used in) operating activities less (i) purchases of property and equipment and other assets, plus (ii) cash interest expense, (iii) cash payments related to restructuring and transaction-related expenses, (iv) cash payments related to integration costs and acquisition-related compensation, and (v) litigation settlement payments. Unlevered Free Cash Flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements.

Net revenue retention is a metric that we calculate based on customers of ZoomInfo at the beginning of the twelve-month period, and is calculated as: (a) the total annual contract value (“ACV”) for those customers at the end of the twelve-month period, divided by (b) the total ACV for those customers at the beginning of the twelve-month period.

Share Repurchase Authorization

The shares of Common Stock proposed to be acquired in the share repurchase program may be repurchased from time to time in open market transactions or by other means in accordance with federal securities laws. The Company intends to fund repurchases from available working capital, cash provided by operating activities, and, as appropriate, borrowings under its existing credit facilities or other sources of financing. The timing, as well as the number and value of shares of Common Stock repurchased under the program, will be determined by the Company at its discretion and will depend on a variety of factors, including management’s assessment of the intrinsic value of the Company’s shares of Common Stock, the market price of the Company’s Common Stock, general market and economic conditions, available liquidity, alternative investment opportunities, compliance with the Company’s debt and other agreements, and applicable legal requirements. The exact number of shares of Common Stock to be repurchased by the Company is not guaranteed, and the program may be suspended, modified, or discontinued at any time without prior notice.

Cautionary Statement Regarding Forward-Looking Information:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed or implied by these statements. You can generally identify our forward-looking statements by the words “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “forecast”, “goal”, “intend”, “may”, “might”, “objective”, “outlook”, “plan”, “potential”, “predict”, “projection”, “seek”, “should”, “target”, “trend”, “will”, “would” or the negative version of these words or other comparable words. Any statements in this press release regarding future revenue, earnings, margins, financial performance, expenses, estimates, cash flow, growth in free cash flow, results of changes in operational procedures, liquidity, or results of operations (including, but not limited to, the guidance provided under “Business Outlook”), and any other statements that are not historical facts are forward-looking statements. We have based our forward-looking statements on beliefs and assumptions based on information available to us at the time the statements are made. We caution you that assumptions, beliefs, expectations, intentions and projections about future events may, and often do, vary materially from actual results. Therefore, we cannot assure you that actual results will not differ materially from those expressed or implied by our forward-looking statements.

Factors that could cause actual results to differ from those expressed or implied by our forward-looking statements include, among other things: future economic, competitive, and regulatory conditions, potential future uses of cash, the successful integration of acquired businesses, and future decisions made by us and our competitors. All of these factors are difficult or impossible to predict accurately and many of them are beyond our control. For a further list and description of these and other important risks and uncertainties that may affect our future operations, see Part I, Item 1A – Risk Factors in our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, which we may update in Part II, Item 1A – Risk Factors in Quarterly Reports on Form 10-Q we have filed or will file hereafter. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments, or other strategic transactions we may make. Each forward-looking statement contained in this presentation speaks only as of the date of this press release, and we undertake no obligation to update or revise any forward-looking statements whether as a result of new information, future developments or otherwise, except as required by law.

Gartner Disclaimers

Gartner, Magic Quadrant for Account-Based Marketing Platforms, Jenifer Silverstein, Ray Pun, Upasna Chandna, Chris Chandler, 6 November 2025.

The Gartner content described herein (the “Gartner Content”) represents research opinion or viewpoints published, as part of a syndicated subscription service, by Gartner, Inc. (“Gartner”), and is not a representation of fact. Gartner Content speaks as of its original publication date (and not as of the date of this earnings press release), and the opinions expressed in the Gartner Content are subject to change without notice.

Gartner does not endorse any vendor, product, or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER and MAGIC QUADRANT are trademarks of Gartner, Inc. and its affiliates.

About ZoomInfo:

ZoomInfo (NASDAQ: GTM) is the Go-To-Market Intelligence Platform that empowers businesses to grow faster with AI-ready insights, trusted data, and advanced automation. Its solutions provide more than 35,000 companies worldwide with a complete view of their customers, making every seller their best seller. ZoomInfo is a recognized leader in data privacy, with industry-leading GDPR and CCPA compliance and numerous data security and privacy certifications. For more information about how ZoomInfo can help businesses with go-to-market intelligence that accelerates revenue growth, please visit www.zoominfo.com.

Website Disclosure:

ZoomInfo intends to use its website as a distribution channel of material company information. Financial and other important information regarding the Company is routinely posted on and accessible through the Company’s website. Accordingly, you should monitor the investor relations portion of our website at https://ir.zoominfo.com/ in addition to following our press releases, SEC filings, and public conference calls and webcasts. In addition, you may automatically receive email alerts and other information about ZoomInfo when you enroll your email address by visiting the “Email Alerts” section of our investor relations page at https://ir.zoominfo.com/.

ZoomInfo Technologies Inc.
Condensed Consolidated Balance Sheets
(in millions, except share data; unaudited)

	December 31,
	2025		2024
Assets
Current assets:
Cash and cash equivalents	$	175.9	$	139.9
Short-term investments		4.0		—
Accounts receivable, net		225.6		246.1
Prepaid expenses and other current assets		48.5		65.0
Total current assets	$	454.0	$	451.0

Restricted cash, non-current		9.8		9.1
Property and equipment, net		162.6		112.6
Operating lease right-of-use assets, net		113.3		90.9
Intangible assets, net		217.3		275.8
Goodwill		1,692.7		1,692.7
Deferred tax assets		3,662.3		3,717.6
Deferred costs and other assets, net of current portion		127.5		117.9
Total assets	$	6,439.5	$	6,467.6

Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	31.3	$	16.6
Accrued expenses and other current liabilities		115.1		123.6
Unearned revenue, current portion		474.6		473.8
Current portion of tax receivable agreements liability		—		22.3
Current portion of operating lease liabilities		6.0		9.9
Current portion of long-term debt		5.9		5.9
Total current liabilities	$	632.9	$	652.1

Unearned revenue, net of current portion		3.2		4.1
Tax receivable agreements liability, net of current portion		2,731.9		2,740.2
Operating lease liabilities, net of current portion		239.2		151.2
Long-term debt, net of current portion		1,318.1		1,221.8
Deferred tax liabilities		3.8		2.4
Other long-term liabilities		1.7		2.3
Total liabilities	$	4,930.8	$	4,774.1

Stockholders’ Equity:
Common stock, par value $0.01	$	3.0	$	3.4
Additional paid-in capital		1,068.1		1,362.9
Accumulated other comprehensive income		1.0		14.8
Retained earnings		436.6		312.4
Total stockholders’ equity	$	1,508.7	$	1,693.5

Total liabilities and stockholders’ equity	$	6,439.5	$	6,467.6

ZoomInfo Technologies Inc.
Consolidated Statements of Operations
(in millions, except per share amounts; unaudited)

	Three Months Ended December 31,					Twelve Months Ended December 31,
	2025			2024			2025		2024

Revenue	$	319.1	$	309.1		$	1,249.5		$	1,214.3
Cost of revenue:
Cost of service ⁽¹⁾	$	41.8	$	43.7		$	162.0		$	151.6
Amortization of acquired technology		9.3		9.5			37.6			38.2
Gross profit	$	268.0	$	255.9		$	1,049.9		$	1,024.5
Operating expenses:
Sales and marketing⁽¹⁾	$	100.7	$	114.9		$	414.6		$	414.1
Research and development⁽¹⁾		42.2		56.4			182.0			196.1
General and administrative⁽¹⁾		65.7		48.3			206.7			295.3
Amortization of other acquired intangibles		5.2		5.4			20.9			21.6
Total operating expenses	$	213.8	$	225.0		$	824.2		$	927.1
Income from operations	$	54.2	$	30.9		$	225.7		$	97.4
Interest expense, net		10.6		9.8			42.6			39.3
Loss on debt modification and extinguishment		—		—			—			0.7
Other loss (income), net		2.3		29.6			(11.2	)		26.1
Income (Loss) before income taxes	$	41.3	$	(8.5	)	$	194.3		$	31.3
Provision (Benefit) for income taxes		6.6		(23.1	)		70.1			2.2
Net income	$	34.7	$	14.6		$	124.2		$	29.1

Net income per share of common stock:
Basic	$	0.11	$	0.04		$	0.38		$	0.08
Diluted		0.11		0.04			0.38			0.08

____________________
(1)	Amounts include equity-based compensation expense, as follows:

		Three Months Ended December 31,				Twelve Months Ended December 31,
		2025		2024		2025		2024
	Cost of service	$	2.6	$	2.6	$	11.1	$	10.5
	Sales and marketing		8.8		12.2		42.0		50.3
	Research and development		7.7		11.0		33.2		40.5
	General and administrative		7.9		8.0		29.9		36.7
	Total equity-based compensation expense	$	27.0	$	33.8	$	116.2	$	138.0

ZoomInfo Technologies Inc.
Consolidated Statements of Cash Flows
(in millions; unaudited)
	Twelve Months Ended December 31,
		2025			2024
Operating activities:
Net income	$	124.2		$	29.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		88.8			85.7
Amortization of debt discounts and issuance costs		2.5			2.2
Amortization of deferred commissions costs		90.2			67.6
Asset impairments and lease abandonment charges		23.7			57.4
Gain on lease modification		—			(1.7	)
Loss on debt modification and extinguishment		—			0.7
Equity-based compensation expense		116.2			138.0
Deferred income taxes		61.4			(5.9	)
Tax receivable agreement remeasurement		(6.9	)		38.5
Provision for bad debt expense		23.0			42.8
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net		(0.4	)		(16.9	)
Prepaid expenses and other current assets		(2.0	)		(7.6	)
Deferred costs and other assets, net of current portion		(86.5	)		(35.5	)
Accounts payable		10.3			(17.7	)
Accrued expenses and other liabilities		21.1			(43.4	)
Unearned revenue		(0.2	)		36.1
Net cash provided by operating activities	$	465.4		$	369.4

Investing activities:
Purchases of investments	$	(15.2	)	$	—
Maturities of investments		11.0			82.2
Purchases of property and equipment and other assets		(76.1	)		(64.9	)
Right of use asset initial direct costs		(0.5	)		(3.4	)
Cash paid for acquisitions, net of cash acquired		—			(0.5	)
Net cash (used in) provided by investing activities	$	(80.8	)	$	13.4

Financing activities:
Payments of deferred consideration	$	—		$	(0.7	)
Payments of debt issuance and modification costs		(0.1	)		(2.1	)
Repayment of debt		(5.9	)		(5.9	)
Proceeds from revolving credit loans		100.0			—
Taxes paid related to net share settlement of equity awards		(7.2	)		(22.8	)
Proceeds from issuance of common stock under the ESPP		—			4.2
Tax receivable agreement payments		(23.6	)		(94.0	)
Repurchase of common stock		(411.1	)		(565.6	)
Tax distributions		—			(3.1	)
Net cash used in financing activities	$	(347.9	)	$	(690.0	)

Net increase (decrease) in cash, cash equivalents, and restricted cash	$	36.7		$	(307.2	)
Cash, cash equivalents, and restricted cash at beginning of period		149.0			456.2
Cash, cash equivalents, and restricted cash at end of period	$	185.7		$	149.0

Cash, cash equivalents, and restricted cash at end of period:
Cash and cash equivalents	$	175.9		$	139.9
Restricted cash, non-current		9.8			9.1
Total cash, cash equivalents, and restricted cash	$	185.7		$	149.0

Supplemental disclosures of cash flow information:
Interest paid in cash	$	45.8		$	44.0

Supplemental disclosures of non-cash investing and financing activities:
Equity-based compensation included in capitalized software	$	6.2		$	5.6
Property and equipment included in accounts payable and accrued expenses and other current liabilities		14.2			5.0

ZoomInfo Technologies Inc.
Reconciliation of GAAP Cash Flow from Operations to Non-GAAP Unlevered Free Cash Flow
(in millions; unaudited)

	Three Months Ended December 31,						Twelve Months Ended December 31,
		2025			2024			2025			2024
Net cash provided by operating activities (GAAP)	$	143.5		$	109.0		$	465.4		$	369.4
Purchases of property and equipment and other assets		(16.4	)		(23.4	)		(76.1	)		(64.9	)
Interest paid in cash		5.6			4.4			45.8			44.0
Restructuring and transaction-related expenses paid in cash		1.4			3.5			15.5			67.0
Integration costs and acquisition-related compensation paid in cash		—			—			—			1.3
Litigation settlement payments⁽¹⁾		1.1			0.1			4.3			30.1
Unlevered Free Cash Flow (Non-GAAP)	$	135.2		$	93.6		$	454.9		$	446.9

____________________
(1)	Represents cash payments for legal settlements and associated legal fees. For the twelve months ended December 31, 2024, these payments are primarily related to costs incurred due to the Class Actions.

ZoomInfo Technologies Inc.
Reconciliation of GAAP Income from Operations to Non-GAAP Adjusted Operating Income
(in millions; unaudited)

	Three Months Ended December 31,				Twelve Months Ended December 31,
	2025		2024		2025		2024
Income from operations (GAAP)	$	54.2	$	30.9	$	225.7	$	97.4
Amortization of acquired technology		9.3		9.5		37.6		38.2
Amortization of other acquired intangibles		5.2		5.4		20.9		21.6
Equity-based compensation expense		27.0		33.8		116.2		138.0
Restructuring and transaction-related expenses⁽¹⁾		25.1		34.6		40.3		101.6
Litigation settlement⁽²⁾		1.8		1.7		5.2		31.7
Adjusted Operating Income (Non-GAAP)	$	122.6	$	115.9	$	445.9	$	428.5

Revenue (GAAP)	$	319.1	$	309.1	$	1,249.5	$	1,214.3

Operating Income Margin (GAAP)		17%		10%		18%		8%
Adjusted Operating Income Margin (Non-GAAP)		38%		37%		36%		35%

____________________
(1)	Represents costs directly associated with acquisition or disposal activities, including employee severance and termination benefits, contract termination fees and penalties, and other exit or disposal costs. For the twelve months ended December 31, 2025, this expense is primarily related to impairment charges related to Vancouver and Ra’anana and employee severance and termination benefits. For the twelve months ended December 31, 2024, this expense is primarily related to lease impairment and abandonment charges as well as lease restructuring activities.
(2)	Represents charges associated with legal settlements and legal fees. For the twelve months ended December 31, 2024, these charges are primarily related to costs incurred due to the Class Actions.

ZoomInfo Technologies Inc.
Reconciliation of GAAP Net Income to Non-GAAP Adjusted Net Income
(in millions, except per share amounts; unaudited)

	Three Months Ended December 31,						Twelve Months Ended December 31,
		2025			2024			2025			2024
Net income (GAAP)	$	34.7		$	14.6		$	124.2		$	29.1
Loss on debt modification and extinguishment		—			—			—			0.7
Amortization of acquired technology		9.3			9.5			37.6			38.2
Amortization of other acquired intangibles		5.2			5.4			20.9			21.6
Equity-based compensation expense		27.0			33.8			116.2			138.0
Restructuring and transaction-related expenses⁽¹⁾		25.1			34.6			40.3			101.6
Litigation settlement⁽²⁾		1.8			1.7			5.2			31.7
TRA liability remeasurement (benefit) expense		7.3			28.6			(6.9	)		38.5
Other loss (income), net		0.1			—			0.1			(2.4	)
Tax impacts of adjustments to net income⁽³⁾		(4.2	)		(34.6	)		31.7			(33.2	)
Adjusted Net Income (Non-GAAP)	$	106.2		$	93.6		$	369.2		$	363.8

Diluted Net Income Per Share (GAAP)	$	0.11		$	0.04		$	0.38		$	0.08
Loss on debt modification and extinguishment per diluted share		—			—			—			—
Amortization of acquired technology per diluted share		0.03			0.03			0.11			0.10
Amortization of other acquired intangibles per diluted share		0.01			0.02			0.06			0.06
Equity-based compensation expense per diluted share		0.08			0.09			0.34			0.37
Restructuring and transaction-related expenses per diluted share		0.08			0.10			0.11			0.27
Litigation settlement per diluted share		—			—			0.02			0.08
TRA liability remeasurement (benefit) expense per diluted share		0.02			0.08			(0.02	)		0.10
Other loss (income), net per diluted share		—			—			—			(0.01	)
Tax impacts of adjustments to net income per diluted share		(0.01	)		(0.10	)		0.09			(0.09	)
Adjusted Net Income Per Share (Non-GAAP)	$	0.32		$	0.26		$	1.09		$	0.96
Shares for Adjusted Net Income Per Share⁽⁴⁾		327			358			340			377

____________________
(1)	Represents costs directly associated with acquisition or disposal activities, including employee severance and termination benefits, contract termination fees and penalties, and other exit or disposal costs. For the twelve months ended December 31, 2025, this expense is primarily related to impairment charges related to Vancouver and Ra’anana and employee severance and termination benefits. For the twelve months ended December 31, 2024, this expense is primarily related to lease impairment and abandonment charges as well as lease restructuring activities.
(2)	Represents charges associated with legal settlements and legal fees. For the twelve months ended December 31, 2024, these charges are primarily related to costs incurred due to the Class Actions.
(3)	Represents tax expense associated with Net income (GAAP) excluded from Adjusted Net Income (Non-GAAP). The Company calculates the tax impacts of adjustments to net income (loss) by taking the total gross value of the adjustments and multiplying it by the Company’s U.S. federal and state statutory tax rate. We then recalculate the tax impact of book-tax differences related to equity compensation, the tax receivable agreements, restructuring and transaction-related expenses, and items that are deemed to be unrelated to current year operating income or are one-time in nature, such as provision to return true-ups. For the three and twelve months ended December 31, 2025, the tax impacts of adjustments to net income between GAAP and Non-GAAP are presented based on the specific rate reconciliation categories established under ASU 2023-09. For the three and twelve months ended December 31, 2025, these primarily relate to adjusting out $8.3 million and $0.8 million of tax benefit from state and local income taxes, net of federal income tax effect, recognizing $16.5 million and $61.1 million of tax benefit related to the amortization of tax goodwill associated with historical corporate structure simplification, and adjusting out $0.5 million and $10.3 million of tax expense from non-deductible stock-based compensation, respectively. For the three and twelve months ended December 31, 2024, these primarily relate to adjusting out $31.9 million and $30.1 million of tax benefit from the effects of changes in state tax law and apportionment, recognizing $18.5 million and $63.6 million of tax benefit related to the amortization of tax goodwill associated with historical corporate structure simplification, and adjusting out $4.5 million and $17.5 million of tax expense from non-deductible stock-based compensation, respectively. We believe the exclusion of these adjustments provides investors with useful information about the Company’s underlying results and trends, allowing them to better understand and compare net income (loss) related to ongoing operations and the related current and deferred income tax expense.
(4)	Diluted earnings per share is computed by giving effect to all potential weighted average Common Stock, and any securities that are convertible into Common Stock, including options and restricted stock units. The dilutive effect of outstanding awards and convertible securities is reflected in diluted earnings per share by application of the treasury stock method, excluding deemed repurchases assuming proceeds from unrecognized compensation as required by GAAP.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209677262/en/

Investor Contact:

Jeremiah Sisitsky

[email protected]

Media Contact:

Silvie Casanova

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Technology Marketing Communications Business Professional Services Software Data Analytics Search Engine Marketing Artificial Intelligence

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February 9, 2026 4:20 pm

Freshpet, Inc. Announces Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

BEDMINSTER, N.J., Feb. 09, 2026 (GLOBE NEWSWIRE) — Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced that the Compensation and Human Capital Management Committee of its Board of Directors approved an equity award as an inducement material to John O’Connor’s acceptance of employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).

In connection with his previously announced appointment as Chief Financial Officer, Mr. O’Connor was granted, effective February 9, 2026, an inducement award consisting of a total of 7,500 restricted stock units. The restricted stock units will vest 33.3%, 33.3% and 33.4%, respectively, on each of the first three anniversaries of the date of grant, subject to Mr. O’Connor’s continued employment through such dates. The awards were granted outside of the Company’s 2024 Equity Incentive Plan as an inducement grant pursuant to Nasdaq Rule 5635(c)(4), but will otherwise be consistent with the terms and conditions that apply to awards granted under such plan.

About Freshpet

Freshpet’s mission is to improve the lives of dogs and cats through the power of fresh, real food. Freshpet foods are blends of fresh meats, vegetables and fruits farmed locally and made at our Freshpet Kitchens. We thoughtfully prepare our foods using natural ingredients, cooking them in small batches at lower temperatures to preserve the natural goodness of the ingredients. Freshpet foods and treats are kept refrigerated from the moment they are made until they arrive at Freshpet Fridges in your local market.

Our foods are available in select grocery, mass, digital, pet specialty, and club retailers across the United States, Canada and Europe. From the care we take to source our ingredients and make our food, to the moment it reaches your home, our integrity, transparency and social responsibility are the way we like to run our business. To learn more, visit www.freshpet.com.

Connect with Freshpet:
https://www.facebook.com/Freshpet
https://x.com/Freshpet
http://instagram.com/Freshpet
http://pinterest.com/Freshpet
https://www.tiktok.com/@Freshpet
https://www.youtube.com/user/freshpet400

Investor Contact:
Rachel Ulsh
[email protected]

Media Contact:
[email protected]

February 9, 2026 4:19 pm

DigitalOcean Announces Date of Fourth Quarter 2025 Earnings Conference Call

BROOMFIELD, Colo.–(BUSINESS WIRE)–
DigitalOcean Holdings, Inc. (NYSE: DOCN), the agentic inference cloud, announced today that it will report financial results for the fourth quarter and full year ended December 31, 2025 and host an extended investor update before the market opens on Tuesday, February 24, 2026.

Following the earnings release, DigitalOcean will host an extended virtual earnings results and investor update featuring presentations from Paddy Srinivasan, Chief Executive Officer, and Matt Steinfort, Chief Financial Officer. In addition to the standard earnings update, the event will provide additional context on the company’s strategic priorities, product strategy and long-term growth outlook.

DigitalOcean’s earnings results and investor update will be webcast live on February 24, 2026, beginning at 8:00 a.m. ET / 5:00 a.m. PT and ending at 9:30 a.m. ET / 6:30 a.m PT, and will include a question-and-answer session addressing analyst and investor questions regarding the fourth quarter and full year results, as well as topics covered during the investor update. Investors and analysts may pre-register for the webcast at https://events.q4inc.com/attendee/812774949.

The earnings release, webcast link and any accompanying materials related to the investor update will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live webcast and replay of the call will be accessible from the DigitalOcean investor relations website.

About DigitalOcean

DigitalOcean is an agentic inference cloud platform that helps AI and Digital Native Businesses build, run, and scale intelligent applications with speed, simplicity, and predictable economics. The platform combines production-ready GPU infrastructure, a full-stack cloud, model-first inference workflows, and an agentic experience layer to reduce operational complexity and accelerate time to production. More than 640,000 customers trust DigitalOcean to deliver the cloud and AI infrastructure they need to build and grow. To learn more, visit www.digitalocean.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209969257/en/

Investor Contact

Melanie Strate

[email protected]

Media Contact

Julie Wolf

[email protected]

KEYWORDS: United States North America Colorado

INDUSTRY KEYWORDS: Software Technology Artificial Intelligence Other Technology

MEDIA:

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February 9, 2026 4:18 pm

American Coastal Insurance Corporation Schedules Fourth Quarter and Full Year 2025 Financial Results and Conference Call

ST. PETERSBURG, Fla., Feb. 09, 2026 (GLOBE NEWSWIRE) — American Coastal Insurance Corporation (Nasdaq Ticker: ACIC) (“the Company”, “American Coastal” or “ACIC”), the insurance holding company of American Coastal Insurance Company (“AmCoastal”), announced today that it expects to release its financial results for the fourth quarter and full year ended December 31, 2025, on Thursday, February 19, 2026, after the close of the market, and will conduct its quarterly conference call at 5:00 p.m. ET.

The conference call will include live remarks followed by a question and answer (Q&A) session. Interested parties are invited to participate in the conference call and should dial-in 10 minutes before the conference call is scheduled to begin.

Fourth Quarter and Full Year 2025 Conference Call Details:

Thursday, February 19, 2026 – 5:00 p.m. ET

Participant Dial-In Numbers:

United States: 877-445-9755
International: 201-493-6744

To listen to the conference call via webcast, please visit the Company website and click on the webcast link at the top of the page or click here. The webcast will be archived and accessible for approximately 30 days following the call.

About American Coastal Insurance Corporation:

American Coastal Insurance Corporation (amcoastal.com) is the holding company of the insurance carrier, American Coastal Insurance Company, which was founded in 2007 for the purpose of insuring Condominium and Homeowner Association properties, and apartments in the state of Florida. American Coastal Insurance Company has an exclusive partnership for distribution of Condominium Association properties in the state of Florida with AmRisc Group (amriscgroup.com), one of the largest Managing General Agents in the country specializing in hurricane-exposed properties. American Coastal Insurance Company has earned a Financial Stability Rating of “A”, ‘Exceptional’ from Demotech, and maintains an “A-” insurance financial strength rating with a Positive outlook by Kroll. ACIC maintains a ‘BBB-’ issuer rating with a Positive outlook by Kroll.

Contact Information:
Alexander Baty
Vice President, Finance & Investor Relations, American Coastal Insurance Corporation
[email protected]
(727) 425-8076

Jeremy Hellman
Investor Relations, Vice President, The Equity Group
[email protected]
(212) 836-9626

February 9, 2026 4:17 pm

TWFG, Inc. To Announce Fourth Quarter 2025 Financial Results On Wednesday, February 25, 2026

THE WOODLANDS, Texas, Feb. 09, 2026 (GLOBE NEWSWIRE) — TWFG, Inc. (NASDAQ: TWFG), a leading independent insurance distribution platform, announced today that it will release its financial results for the fourth quarter ended December 31, 2025, after the market closes on Wednesday, February 25, 2026.

The Company will host a conference call to discuss its financial results the following morning, Thursday, February 26, 2026, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time).

TO ACCESS THE CALL BY PHONE, PARTICIPANTS CAN REGISTER AT THIS LINK WHERE THEY WILL BE PROVIDED WITH THE DIAL IN DETAILS.

A live webcast of the call will be available on TWFG’s Investor Relations website at investors.twfg.com. Interested parties are encouraged to register and access the webcast at least 10 minutes prior to the scheduled start time.

A replay of the webcast will be available on the Investor Relations website for a limited time following the call.

About TWFG

TWFG, Inc. (NASDAQ: TWFG) is a leading insurance distribution platform providing innovative and personalized insurance solutions to individuals and businesses across the United States. Anchored by a scalable, technology-enabled platform, TWFG supports a sophisticated agent network of retail branch agencies, and MGA agents, that create sustainable growth and long-term value. For more information, please visit www.twfg.com.

Investor Contact:

Gene Padgett
TWFG, Inc. – Chief Accounting Officer
Email: [email protected]

PR Contact:
Alex Bunch
TWFG, Inc. – CMO
E-mail: [email protected]

February 9, 2026 4:16 pm

Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

Duff & Phelps Utility and Infrastructure Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

CHICAGO–(BUSINESS WIRE)–
The Board of Directors of Duff & Phelps Utility and Infrastructure Fund Inc. (NYSE: DPG), a closed-end fund advised by Duff & Phelps Investment Management Co., previously announced the following monthly distribution on December 11, 2025:

Per Share Amount	Ex-Date	Record Date	Payable Date
$0.07	January 30, 2026	January 30, 2026	February 10, 2026

The Fund adopted a managed distribution plan (the “Plan”) in 2015. Under the Plan, the Fund will distribute all available investment income to its shareholders, consistent with the Fund’s investment objective. If and when sufficient investment income is not available on a monthly basis, the Fund will distribute realized capital gains and/or return of capital to its shareholders in order to maintain the monthly $0.07 per share distribution level.

The following table sets forth the estimated amounts of the Fund’s January 2026 distribution to shareholders, together with the cumulative distributions paid from the first day of the fiscal year to this month end, and provides the sources of such distributions. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles which may differ from federal income tax regulations.

Distribution Estimates	January 2026 (MTD)				Fiscal Year-to-Date (YTD)⁽¹⁾
(Sources)	Per Share Amount		Percentage of Current Distribution		Per Share Amount		Percentage of Current Distribution
Net Investment Income	$	0.010	14.3	%	$	0.033	15.5	%
Net Realized Short-Term Capital Gains		0.025	35.7	%		0.025	11.9	%
Net Realized Long-Term Capital Gains		0.035	50.0	%		0.152	72.6	%
Return of Capital (or other Capital Source)		0.000	0.0	%		0.000	0.0	%
Total Distribution	$	0.070	100.0	%	$	0.210	100.0	%
⁽¹⁾Fiscal year started November 1, 2025.

As of December 31, 2025
Average annual total return on NAV for the 5 years	10.68	%
Annualized current distribution rate as a percentage of NAV	5.92	%
Cumulative total return on NAV for the fiscal year	0.43	%
Cumulative fiscal year distributions as a percentage of NAV	0.99	%

The Fund will issue a separate 19(a) notice at the time of each distribution using the most current financial information available. You should not draw any conclusions about the Fund’s investment performance from the amount of these distributions or from the terms of the Plan.

The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

About the Fund

Duff & Phelps Utility and Infrastructure Fund Inc. is a closed-end investment management company whose investment objective is to seek total return, resulting primarily from (i) a high level of current income, with an emphasis on providing tax-advantaged dividend income and (ii) growth in current income, and secondarily from capital appreciation. The Fund seeks to achieve these objectives by investing primarily in equities of domestic and foreign utilities and infrastructure providers. Under normal market conditions, the Fund will invest at least 80% of its total assets in dividend-paying equity securities of companies in the utility industry and the infrastructure industry. The utility industry is defined to include the following sectors: electric, gas, water, telecommunications, and midstream energy. The infrastructure industry is defined as companies owning or operating essential transportation assets, such as toll roads, bridges, tunnels, airports, seaports, and railroads. For more information, contact shareholder services at (866) 270-7598, by email at [email protected], or visit the DPG website, dpimc.com/dpg.

About the Investment Adviser

Duff & Phelps Investment Management Co. is a boutique investment manager that specializes in listed real asset strategies for institutional and individual clients. An investment manager of Virtus Investment Partners, Inc. (NYSE: VRTS), the firm began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy. For more information visit dpimc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209911761/en/

Shareholder Services

(866) 270-7598

[email protected]

KEYWORDS: United States North America Illinois

INDUSTRY KEYWORDS: Banking Asset Management Professional Services Finance

MEDIA:

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February 9, 2026 4:15 pm

Flowserve to Participate in Upcoming Investor Conferences

Flowserve to Participate in Upcoming Investor Conferences

DALLAS–(BUSINESS WIRE)–
Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”) announced today its participation in the following upcoming investor conferences:

On Tuesday, February 17, Scott Rowe, President and Chief Executive Officer, will participate in investor meetings as well as a fireside chat at Citi’s 2026 Global Industrial Tech and Mobility Conference that will begin at 8:50 am ET. Shareholders and other interested parties can access the live webcast on Flowserve’s Investors page. A replay of the webcast will be available after the event.
On Thursday, February 26, Amy Schwetz, Senior Vice President and Chief Financial Officer, will participate in a fireside chat at the Gabelli 36^thAnnual Pump, Valve, & Water Systems Symposium that will begin at 10:00 am ET. Shareholders and other interested parties can access the live conversation on Flowserve’s Investors page.

About Flowserve

Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the Company’s website at www.flowserve.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209760505/en/

Investor Contacts

Brian Ezzell, Vice President, Investor Relations, Treasurer & Corporate Finance (469) 420-3222

Olivia Webb, Director, Investor Relations (469) 420-3223

Media Contact:[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Manufacturing Steel Other Energy Engineering Utilities Chemicals/Plastics Oil/Gas Coal Manufacturing Energy

MEDIA:

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