Market Newsdesk

February 9, 2026 7:37 pm

Celanese Announces Acetic Acid, Vinyl Acetate Monomer (VAM) and Derivatives Price Increases in the Western Hemisphere

Celanese Announces Acetic Acid, Vinyl Acetate Monomer (VAM) and Derivatives Price Increases in the Western Hemisphere

DALLAS–(BUSINESS WIRE)–
Celanese Corporation (NYSE: CE), a global chemical and specialty materials company, is increasing prices for the below products and their derivatives in the Western Hemisphere. These price increases will be effective immediately or as contracts otherwise allow.

	PRICE INCREASE
PRODUCT	USA/Canada (USD/MT)	Mexico/S. America (USD/MT)	EMEA (EURO/MT)
Acetic Acid	$50	$50	€50
Vinyl Acetate Monomer	$100	$100	€100
Acetic Anhydride	$60	$60	€60
Esters	$50	$50	€50

Price increases applicable to derivative products are being communicated to impacted customers on an individual basis.

About Celanese

Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation is a Fortune 500 company with more than 11,000 employees worldwide and 2024 net sales of $10.3 billion.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209580176/en/

Celanese Contacts:

Investor Relations

Bill Cunningham

+1 302 999 6410

[email protected]

Media – U.S.

Jamaison Schuler

+1 972 443 4400

[email protected]

Media – Europe

Petra Czugler

+49 69 45009 1206

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Chemicals/Plastics Manufacturing

MEDIA:

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February 9, 2026 7:33 pm

Oil States Announces Fourth Quarter 2025 Earnings Conference Call

Oil States Announces Fourth Quarter 2025 Earnings Conference Call

Friday, February 20, 2026 at 9:00 a.m. Central Standard Time

HOUSTON–(BUSINESS WIRE)–
Oil States International, Inc. (NYSE:OIS) announced today that it has scheduled its fourth quarter 2025 earnings conference call for Friday, February 20, 2026 at 9:00 a.m. Central Standard Time. During the call, Oil States will discuss the results for the quarter ended December 31, 2025, which are expected to be released on Friday, February 20, 2026, before the markets open.

This call is being webcast and can be accessed at Oil States’ website at www.ir.oilstatesintl.com. Participants may also join the conference call by dialing 1 (800) 715-9871 in the United States or by dialing +1 (646) 307-1963 internationally and using the passcode of 6921148. A replay of the conference call will be available approximately two hours after the completion of the call by clicking on the following link: Fourth Quarter 2025 Earnings Conference Call Replay.

About Oil States

Oil States International, Inc. is a global provider of manufactured products and services to customers in the energy, military and industrial sectors. The Company’s manufactured products include highly engineered capital equipment and consumable products. Oil States is headquartered in Houston, Texas, with manufacturing and service facilities strategically located across the globe. Oil States is publicly traded on the New York Stock Exchange and NYSE Texas under the symbol “OIS”.

For more information on the Company, please visit Oil States International’s website at www.oilstatesintl.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209645659/en/

Lloyd A. Hajdik

Oil States International, Inc.

Executive Vice President, Chief Financial Officer and Treasurer

(713) 652-0582

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Engineering Other Energy Oil/Gas Manufacturing Energy Other Manufacturing

MEDIA:

February 9, 2026 7:03 pm

Consensus Cloud Solutions, Inc. Provides Fourth Quarter and Full Year 2025 Results; Releases Q1 2026 and Full Year 2026 Guidance

Consensus Cloud Solutions, Inc. Provides Fourth Quarter and Full Year 2025 Results; Releases Q1 2026 and Full Year 2026 Guidance

LOS ANGELES–(BUSINESS WIRE)–
Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) today reported preliminary financial results for the fourth quarter and year ended December 31, 2025.

“I want to congratulate our employees on a year of many accomplishments. We returned to total revenue growth in the last three quarters of the year, driven by our corporate channel exceeding 7% revenue growth by the end of 2025. We further reduced our debt by $36 million reaching our initial debt objectives and successfully refinanced and subsequently retired our 6% Notes due October 2026 at a favorable interest rate. The generation of record net cash provided by operating activities and free cash flow allowed us to continue investing in our business while also repurchasing approximately 1 million shares of our Company stock. Our financial results position us well for 2026,” said Scott Turicchi, CEO of Consensus.

FOURTH QUARTER 2025 HIGHLIGHTS (UNAUDITED)

Q4 2025 quarterly revenues increased by $0.1 million to $87.1 million compared to $87.0 million for Q4 2024. This increase was primarily due to an increase of $3.9 million or 7.3% in our Corporate business, partially offset by a decrease of $3.8 million or 11.1% in our Small office home office (“SoHo”) business relating to our strategic initiative.

Net income⁽¹⁾ increased by $2.4 million or 13% to $20.5 million in Q4 2025 compared to $18.1 million in Q4 2024. The increase was primarily due to an increase in income from operations primarily as a result of reduced marketing spend and lower bad debt expense as well as a decrease in income tax expense, partially offset by a unfavorable change in intercompany related foreign exchange gain and loss. Q4 2025 net income margin ⁽¹⁾ was 23.5% compared to 20.8% for Q4 2024.

Earnings per diluted share ⁽¹⁾ increased to $1.06, or by 15.2%, in Q4 2025 compared to $0.92 for Q4 2024. The increase was primarily due to the items discussed above.

Adjusted EBITDA ^(3,4) for Q4 2025 of $45.2 million increased compared to $44.4 million in Q4 2024, primarily driven by an increase in income from operations as a result of reduced marketing spend and lower bad debt expense. Q4 2025 Adjusted EBITDA margin ⁽³⁾ was 51.9% and 51.0% in Q4 2025 and Q4 2024, respectively, which were both within our target Adjusted EBITDA margin ⁽³⁾ range of 50% to 55%.

Adjusted net income ^(1,2)in Q4 2025 increased to $27.3 million from $24.3 million in Q4 2024, primarily due to the items discussed above.

Adjusted earnings per diluted share^(1,2) for the quarter increased to $1.41 from $1.24 in Q4 2024, primarily due to the items discussed above.

Net cash provided by operating activities in Q4 2025 increased to $15.2 million from $11.1 million in Q4 2024. Free cash flow⁽⁵⁾ in Q4 2025 increased to $7.3 million from $3.1 million in Q4 2024. The increase in net cash provided by operating activities and Free cash flow ⁽⁵⁾ was primarily due to increased income after excluding noncash items in Q4 2025 compared to Q4 2024.

Key financial results from operations for Q4 2025 versus Q4 2024 are set forth in the following table. Reconciliations of GAAP measures to comparable non-GAAP financial measures accompany this press release.

(Unaudited, in thousands except per share amounts and percentages)							Favorable
	Q4 2025			Q4 2024			Change
Revenues	$	87,070		$	86,983		0.1%
Net income ⁽¹⁾	$	20,503		$	18,071		13.5%
Net income margin ⁽¹⁾		23.5	%		20.8	%	2.7 pts
Earnings per diluted share ⁽¹⁾	$	1.06		$	0.92		15.2%
Adjusted net income ^(1,2)	$	27,330		$	24,250		12.7%
Adjusted earnings per diluted share ^(1,2)	$	1.41		$	1.24		13.7%
Adjusted EBITDA ^(3,4)	$	45,209		$	44,353		1.9%
Adjusted EBITDA margin ⁽³⁾		51.9	%		51.0	%	0.9 pts
Net cash provided by operating activities	$	15,218		$	11,126		36.8%
Free cash flow ⁽⁵⁾	$	7,320		$	3,146		132.7%

FULL YEAR 2025 HIGHLIGHTS (UNAUDITED)

2025 revenues decreased $0.7 million to $349.7 million compared to $350.4 million for 2024. This slight decline was primarily due to a decrease of $14.3 million or 10.1% in our SoHo business relating to our strategic initiative, partially offset by an increase of $13.6 million or 6.5% in our Corporate business.

Net income ⁽¹⁾ decreased to $84.5 million in 2025 compared to $89.4 million for 2024. Net income was negatively impacted by $15.0 million, due to the combined effect of an unfavorable change in intercompany related foreign exchange gain and loss, as well as a gain on the extinguishment of debt that occurred in 2024 compared to a loss in 2025. Mostly offsetting the impact of these items, net income was positively impacted by $11.0 million due to the combined effect of reductions in interest expense (excluding debt extinguishment gain/loss) as debt repurchases and redemption lowered our outstanding debt balance, income tax expense and depreciation and amortization expense in 2025. 2025 net income margin ⁽¹⁾ was 24.2% compared to 25.5% for 2024.

Earnings per diluted share ⁽¹⁾ decreased to $4.35, or by 5.8%, in 2025 compared to $4.62 for 2024. The decrease was primarily due to the items discussed above.

Adjusted EBITDA ^(3,4) for 2025 of $186.9 million decreased compared to $188.4 million in 2024, primarily driven by increases in our data transmission costs and personnel-related expenses as well as a $0.7 million decline in revenues. Adjusted EBITDA margin ⁽³⁾ was 53.4% and 53.8% for 2025 and 2024, respectively, which were both within our target Adjusted EBITDA margin⁽³⁾ range of 50 to 55%.

Adjusted net income ^(1,2)in 2025 increased to $109.4 million from $105.5 million in 2024 primarily driven by a favorable reduction in our interest expense (excluding the impact of the extinguishment of debt) due to a lower average outstanding debt balance as a result of our debt repurchases and retirement of the 2026 Senior Notes.

Adjusted earnings per diluted share ^(1,2) for the year increased to $5.62, or by 3.1%, compared to $5.45 for 2024. The increase is due to the items that drove the change in Adjusted net income ^(1,2).

Net cash provided by operating activities in 2025 increased to $136.1 million from $121.7 million in 2024. Free cash flow ⁽⁵⁾ in 2025 increased to $105.9 million from $88.3 million in 2024. The increase in net cash provided by operating activities and Free cash flow ⁽⁵⁾ primarily due to increased income after excluding noncash items in 2025 compared to 2024.

Key financial results from operations for 2025 versus 2024 are set forth in the following table. Reconciliations of GAAP measures to comparable non-GAAP financial measures accompany this press release.

(Unaudited, in thousands except per share amounts and percentages)							Favorable /(Unfavorable)
		2025			2024		Change
Revenues	$	349,696		$	350,382		(0.2)%
Net income ⁽¹⁾	$	84,527		$	89,435		(5.5)%
Net income margin ⁽¹⁾		24.2	%		25.5	%	(1.3) pts
Earnings per diluted share ⁽¹⁾	$	4.35		$	4.62		(5.8)%
Adjusted net income ^(1,2)	$	109,359		$	105,529		3.6%
Adjusted earnings per diluted share ^(1,2)	$	5.62		$	5.45		3.1%
Adjusted EBITDA ^(3,4)	$	186,884		$	188,406		(0.8)%
Adjusted EBITDA margin ⁽³⁾		53.4	%		53.8	%	(0.4) pts
Net cash provided by operating activities	$	136,086		$	121,747		11.8%
Free cash flow ⁽⁵⁾	$	105,853		$	88,307		19.9%

Notes:

(1)		The effective tax rates were 25.7% for Q4 2025 and 31.1% for Q4 2024. The non-GAAP effective tax rates were 19.5% for Q4 2025 and 20.9% for Q4 2024. The full year effective tax rates were 25.9% for 2025 and 26.8% for 2024. The full year non-GAAP effective tax rates were 21.0% for 2025 and 20.8% for 2024. The calculation for net income margin is net income divided by revenues.
(2)		Adjusted net income and Adjusted earnings per diluted share exclude certain non-GAAP items, as defined in the accompanying Reconciliation of GAAP to non-GAAP Financial Measures. Such exclusions totaled $0.35 and $0.32 per diluted share for the three months ended December 31, 2025 and 2024, respectively. For the years ended December 31, 2025 and 2024 such exclusions totaled $1.27 and $0.83 per diluted share, respectively. Adjusted net income and Adjusted earnings per diluted share are not meant as a substitute for measures calculated in accordance with GAAP, but are presented solely for informational purposes. Starting in 2025, the Company excludes intercompany related foreign exchange gains or losses from Adjusted net income and Adjusted earnings per diluted share. The prior year amounts have been adjusted for consistency with the current year. For the three months ended December 31, 2024, such exclusion decreased Adjusted net income by $1.5 million or $0.08 per diluted share. For the year ended December 31, 2024, such exclusion decreased Adjusted net income by $3.6 million or $0.18 per diluted share.
(3)		Adjusted EBITDA is defined as earnings before interest expense; interest income; other (income) expense, net; income tax expense; depreciation and amortization; and other items used to reconcile earnings per diluted share to Adjusted earnings per diluted share, as presented in the Reconciliation of GAAP to Adjusted non-GAAP Financial Measures. Adjusted EBITDA margin is defined as Adjusted EBITDA divided by revenues. Adjusted EBITDA amounts and Adjusted EBITDA margin are not meant as a substitute for measures calculated in accordance with GAAP, but are presented solely for informational purposes. The most directly comparable GAAP financial measure to Adjusted EBITDA and Adjusted EBITDA margin is net income and net income margin.
(4)		See Net Income to Adjusted EBITDA Reconciliation for the components of Adjusted EBITDA.
(5)		Free cash flow is defined as net cash provided by operating activities, less purchases of property and equipment. Free cash flow amounts are not meant as a substitute for measures calculated in accordance with GAAP, but are solely for informational purposes.

CAPITAL ALLOCATION STRATEGIC INITIATIVES

During the fourth quarter of 2025, the Company refinanced its 6.0% senior notes due in 2026 by redeeming them in full, utilizing proceeds of $150.0 million from the delayed-draw term loan and $70.0 million from the revolving credit facility, as well as $14.1 million in cash on hand, to retire the remaining $234.1 million in principal outstanding. Including the cash outlays for strategic capital allocation initiatives detailed below, Consensus finished the quarter with a cash and cash equivalents balance of $74.7 million.

The following table consists of our material capital allocation strategic initiatives (in thousands):

Capital Allocation:	Q4 2025		Cumulative Total		Remaining Under the Plan
Debt repurchase program ⁽⁶⁾	$	—	$	222,614	$	77,386
Common stock repurchase program ⁽⁷⁾	$	7,986	$	55,133	$	44,867

	Q4 2025			2025
Purchases of property and equipment	$	7,898	$	30,233

Notes:

(6)		On November 9, 2023, the Company’s Board of Directors approved a debt repurchase program, pursuant to which Consensus may reduce, through redemptions, open market purchases, tender offers, privately negotiated purchases or other retirements, a combination of the outstanding principal balance of the 2026 Senior Notes and 2028 Senior Notes. The authorization permits an aggregate principal amount reduction of up to $300 million and expires on November 9, 2026.
(7)		On March 1, 2022, the Company’s Board of Directors approved a share buyback program. Under this program, the Company was authorized to purchase in the public market or in off-market transactions up to $100.0 million worth of the Company’s common stock through February 2025. In February 2025, the Company’s Board of Directors authorized and approved a three-year extension of the share repurchase program through February 2028.

Q1 2026 GUIDANCE ⁽ⁱ⁾

The following table presents ranges for the Company’s Q1 2026 guidance (in millions, except per share amounts):

	Low		Midpoint		High
Revenue	$	85.4	$	87.4	$	89.4
Adjusted EBITDA	$	43.8	$	45.3	$	46.8
Adjusted earnings per diluted share ⁽ⁱⁱ⁾	$	1.36	$	1.41	$	1.46

FY 2026 GUIDANCE ⁽ⁱ⁾

The following table presents ranges for the Company’s 2026 guidance (in millions, except per share amounts):

	Low		Midpoint		High
Revenue	$	350.0	$	357.0	$	364.0
Adjusted EBITDA	$	182.0	$	187.5	$	193.0
Adjusted earnings per diluted share ⁽ⁱⁱ⁾	$	5.55	$	5.75	$	5.95

Notes:

(i)	Annual and quarterly guidance is provided on a non-GAAP basis, except revenues, only because certain information necessary to calculate the most comparable GAAP measures is unavailable due to the uncertainty and inherent difficulty of predicting the occurrence and the future financial statement impact of certain items. Therefore, as a result of the uncertainty and variability of the nature and amount of future adjustments, which could be significant, we are unable to provide a reconciliation of these measures without unreasonable effort.
(ii)	Quarterly guidance for Adjusted earnings per diluted share excludes share-based compensation, amortization of acquired intangibles, intercompany related foreign exchange (gain) loss and certain gains or costs related to non-routine and other matters that are nonrecurring, in each case net of tax. The non-GAAP effective tax rate for Q1 2026 and 2026 is expected to be between 19.7% and 21.7%.

Financial Results are Preliminary

The Company is currently finalizing its financial closing process for the year ended December 31, 2025 and the Company’s audited financial results as of and for the year ended December 31, 2025 are not yet available. The unaudited, preliminary consolidated financial data presented above as of December 31, 2025 reflects the Company’s preliminary estimates based on information available as of the date of this release and is subject to change. Accordingly, you should not place undue reliance upon these preliminary estimates. The unaudited, preliminary financial data included in this press release has been prepared by, and is the responsibility of, the Company’s management. The Company’s auditor has not audited, reviewed, compiled or applied agreed-upon procedures with respect to such preliminary financial data. Accordingly, the Company’s auditor does not express an opinion or any other form of assurance with respect thereto. Upon completion of its financial closing procedures, the Company’s audited financial results may differ materially from its preliminary estimates.

About Consensus Cloud Solutions

Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is a global leader in digital cloud fax technology. With over 25 years of success with eFax® at its core, the Company has evolved to be a trusted provider of interoperability solutions, leveraging artificial intelligence and secure data exchange to transform digital information, automate critical workflows, and maximize operational efficiencies. Consensus maintains industry-leading compliance standards, making it a preferred partner for heavily regulated industries including healthcare, the public sector, financial services, insurance, real estate, and manufacturing. For more information about Consensus, visit consensus.com.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties include, among other items: the Company’s ability to grow fax revenues, profitability and cash flows; the Company’s ability to identify, close and successfully transition acquisitions; subscriber growth and retention; variability of the Company’s revenue based on changing conditions in particular industries and the economy generally; protection of the Company’s proprietary technology or infringement by the Company of intellectual property of others; the risk of adverse changes in the U.S. or international regulatory environments, including but not limited to the imposition or increase of taxes or regulatory-related fees; general economic and political conditions, including political tensions and war (such as the ongoing conflict in Ukraine and the Middle East); the impact of new or additional tariffs or other trade restrictions; the impacts of a U.S. federal government shutdown and the numerous other factors set forth in Consensus’ filings with the Securities and Exchange Commission (“SEC”). For a more detailed description of the risk factors and uncertainties affecting Consensus, refer to the 2024 Annual Report on Form 10-K filed by Consensus on February 20, 2025, and the other reports filed by Consensus from time-to-time with the SEC, each of which is available at www.sec.gov. The forward-looking statements provided in this press release are subject to change. Although management’s expectations may change after the date of this press release, the Company undertakes no obligation to revise or update these statements.

About non-GAAP Financial Measures

To supplement our consolidated financial statements, which are prepared and presented in accordance with GAAP, we use the following non-GAAP financial measures: Adjusted net income, Adjusted earnings per diluted share, Adjusted EBITDA, Adjusted EBITDA margin and Free cash flow. The presentation of this non-GAAP financial information is not intended to be considered in isolation from, or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.

We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain expenses and expenditures that may not be indicative of our recurring core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when planning, forecasting, and analyzing future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to our historical performance and liquidity. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze the health of our business.

For more information on these non-GAAP financial measures, please see the appropriate GAAP to non-GAAP reconciliation tables included within the attached Exhibit to this Release.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED, IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

	December 31, 2025			December 31, 2024
ASSETS
Cash and cash equivalents	$	74,685		$	33,545
Accounts receivable, net of allowances of $3,105 and $5,774, respectively		23,686			24,921
Prepaid expenses and other current assets		18,788			16,059
Total current assets		117,159			74,525
Property and equipment, net		116,869			100,076
Operating lease right-of-use assets		5,098			6,515
Intangibles, net		38,761			41,213
Goodwill		352,939			345,036
Deferred income taxes		21,666			30,521
Other assets		11,323			4,315
TOTAL ASSETS	$	663,815		$	602,201
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Accounts payable and accrued expenses	$	36,045		$	36,477
Income taxes payable, current		97			1,068
Deferred revenue, current		19,773			20,714
Operating lease liabilities, current		2,576			2,150
Current portion of long-term debt		7,047			18,902
Total current liabilities		65,538			79,311
Long-term debt, net of current portion		551,322			574,080
Deferred revenue, noncurrent		1,567			1,913
Operating lease liabilities, noncurrent		9,754			12,018
Liability for uncertain tax positions		14,484			13,218
Deferred income taxes		7,176			891
Other long-term liabilities		201			233
TOTAL LIABILITIES		650,042			681,664
Commitments and contingencies
Common stock, $0.01 par value. Authorized 120,000,000; total issued is 21,057,258 and 20,609,725 shares and total outstanding is 18,958,448 and 19,524,000 shares as of December 31, 2025 and December 31, 2024, respectively		211			206
Treasury stock, at cost (2,098,810 and 1,085,725 shares as of December 31, 2025 and December 31, 2024, respectively)		(55,476	)		(32,313	)
Additional paid-in capital		76,984			59,373
Retained earnings (accumulated deficit)		849			(83,678	)
Accumulated other comprehensive loss		(8,795	)		(23,051	)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)		13,773			(79,463	)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$	663,815		$	602,201

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME FOR THE THREE MONTHS AND YEAR ENDED DECEMBER 31, 2025 AND 2024 (UNAUDITED, IN THOUSANDS EXCEPT SHARE AND PER SHARE DATA)

	Three Months Ended December 31,						Year Ended December 31,
		2025			2024			2025			2024
Revenues	$	87,070		$	86,983		$	349,696		$	350,382

Cost of revenues		17,387			17,860			70,601			69,688
Gross profit		69,683			69,123			279,095			280,694
Operating expenses:
Sales and marketing		13,302			14,289			51,548			51,065
Research, development and engineering		2,058			2,101			7,464			7,683
General and administrative		18,560			19,306			69,844			72,546
Total operating expenses		33,920			35,696			128,856			131,294
Income from operations		35,763			33,427			150,239			149,400
Interest expense		(9,043	)		(9,363	)		(35,528	)		(33,979	)
Interest income		821			371			2,515			2,546
Other income (expense), net		68			1,782			(3,217	)		4,278
Income before income taxes		27,609			26,217			114,009			122,245
Income tax expense		7,106			8,146			29,482			32,810
Net income	$	20,503		$	18,071		$	84,527		$	89,435

Net income per common share
Basic	$	1.08		$	0.93		$	4.39		$	4.64
Diluted	$	1.06		$	0.92		$	4.35		$	4.62

Weighted average shares outstanding:
Basic		19,048,406			19,375,450			19,250,895			19,286,579
Diluted		19,363,271			19,570,921			19,449,162			19,383,849

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED, IN THOUSANDS)

	Year Ended December 31,
		2025			2024
Cash flows from operating activities:
Net income	$	84,527		$	89,435
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		18,733			20,516
Amortization of financing costs and discounts		1,686			1,822
Non-cash operating lease costs		1,778			1,549
Share-based compensation		17,693			16,764
Provision for doubtful accounts		4,180			5,104
Deferred income taxes		17,797			2,647
Loss (gain) on extinguishment of debt		919			(6,557	)
Decrease (increase) in:
Accounts receivable		(2,779	)		(3,780	)
Prepaid expenses and other current assets		(2,486	)		(6,002	)
Other assets		(1,730	)		1,048
Increase (decrease) in:
Accounts payable and accrued expenses		(880	)		768
Income taxes payable		(993	)		(1,047	)
Deferred revenue		(1,391	)		(1,509	)
Operating lease liabilities		(2,201	)		(2,455	)
Liability for uncertain tax positions		1,266			3,478
Other long-term liabilities		(33	)		(34	)
Net cash provided by operating activities		136,086			121,747
Cash flows from investing activities:
Purchases of property and equipment		(30,233	)		(33,440	)
Purchases of investments		(5,000	)		—
Net cash used in investing activities		(35,233	)		(33,440	)
Cash flows from financing activities:
Borrowings from term loans		150,000			—
Repayment of senior notes		(234,139	)		—
Debt issuance cost		(1,674	)		—
Proceeds from line of credit		70,000			—
Repayment of line of credit		(6,000	)		—
Proceeds from the issuance of common stock under employee stock purchase plan		1,307			1,334
Repurchase of common stock		(23,020	)		(1,031	)
Taxes paid related to net share settlement		(4,006	)		(2,727	)
Repurchase of debt		(15,764	)		(136,195	)
Net cash used in financing activities		(63,296	)		(138,619	)
Effect of exchange rate changes on cash and cash equivalents		3,583			(4,858	)
Net change in cash and cash equivalents		41,140			(55,170	)
Cash and cash equivalents at beginning of year		33,545			88,715
Cash and cash equivalents at end of year	$	74,685		$	33,545

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES NET INCOME TO ADJUSTED NET INCOME RECONCILIATION (UNAUDITED, IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)


The following tables set forth the reconciliation of Net income to Adjusted net income for the three months and years ended December 31, 2025 and 2024:

	Three Months Ended December 31,
		2025		Per Diluted Share			2024*			Per Diluted Share
Net income	$	20,503		$	1.06		$	18,071		$	0.92
Plus:
Share-based compensation^(a)		5,256			0.27			5,154			0.26
Foreign exchange gain ^(b)		(59	)		—			(1,829	)		(0.09	)
Amortization of acquired intangibles^(c)		631			0.03			830			0.04
Intra-entity transfer ^(d)		916			0.04			831			0.04
Debt extinguishment loss ^(e)		796			0.04			110			0.01
Other ^(f)		(275	)		(0.01	)		1,794			0.10
Income tax impact of above items		(438	)		(0.02	)		(711	)		(0.04	)
Adjusted net income	$	27,330		$	1.41		$	24,250		$	1.24

* Starting in 2025, the Company excludes intercompany related foreign exchange gains or losses from Adjusted net income and Adjusted earnings per diluted share. The prior year amounts have been adjusted for consistency with the current year. For the three months ended December 31, 2024, such exclusion decreased Adjusted net income by $1.5 million or $0.08 per diluted share.

	Year Ended December 31,
		2025		Per Diluted Share			2024*			Per Diluted Share
Net income	$	84,527		$	4.35		$	89,435		$	4.62
Plus:
Share-based compensation^(a)		17,693			0.91			16,764			0.86
Foreign exchange loss (gain) ^(b)		3,112			0.16			(4,312	)		(0.22	)
Amortization of acquired intangibles^(c)		2,509			0.13			3,341			0.17
Intra-entity transfer ^(d)		3,554			0.18			3,634			0.19
Debt extinguishment loss (gain) ^(e)		919			0.05			(6,557	)		(0.34	)
Other ^(f)		219			0.01			3,297			0.17
Income tax impact of above items		(3,174	)		(0.17	)		(73	)		—
Adjusted net income	$	109,359		$	5.62		$	105,529		$	5.45

* Starting in 2025, the Company excludes intercompany related foreign exchange gains or losses from Adjusted net income and Adjusted earnings per diluted share. The prior year amounts have been adjusted for consistency with the current year. For the year ended December 31, 2024, such exclusion decreased Adjusted net income by $3.6 million or $0.18 per diluted share.

Adjusted net income as calculated above represents net income and the items used to reconcile GAAP to non-GAAP financial measures, including (a) share-based compensation; (b) intercompany related foreign exchange loss (gain); (c) amortization of acquired intangibles; (d) intra-entity transfers; (e) debt extinguishment loss (gain); (f) other benefits or costs related to non-routine and other matters; and (g) income tax impact. Adjusted net income and weighted average diluted shares are then used to calculate Adjusted earnings per diluted share. The Company discloses these measures as a supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that measures are broadly used by analysts, rating agencies and investors in assessing our performance. Accordingly, the Company believes that the presentation of these measures provides useful information to investors.

Adjusted net income and Adjusted earnings per diluted share are not calculated in accordance with, or presented as an alternative to, net income or earnings per diluted share, and may be different from similarly or identically named non-GAAP measures used by other companies. In addition, these measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have limitations in that they do not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

Non-GAAP Financial Measures

To supplement its unaudited consolidated financial statements, the Company uses the following non-GAAP financial measures: Adjusted net income, Adjusted earnings per diluted share, Adjusted EBITDA, Adjusted EBITDA margin and Free cash flow (collectively the “non-GAAP financial measures”). The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with U.S. GAAP. The Company uses these non-GAAP financial measures for financial and operational decision making and as a means to evaluate period-to-period comparisons. The Company believes that they provide useful information about core operating results, enhance the overall understanding of past financial performance and future prospects, and allow for greater transparency with respect to key metrics used by management in its financial and operational decision making.

The Company’s non-GAAP financial measures are adjusted for the following items:

(a) Share-based compensation. The Company excludes share-based compensation because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(b) Foreign exchange (gain) loss. The Company excludes intercompany related gains or losses associated with foreign exchange. The Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(c) Amortization of acquired intangibles. The Company excludes amortization of patents and acquired intangible assets because it is non-cash in nature and because the Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(d) Intra-entity transfers. The Company excludes certain effects of intra-entity transfers to the extent the related tax asset or liability in the financial statement is not recovered or settled, respectively, during the year. During December 2019, the Company entered into an intra-entity asset transfer that resulted in the recording of a tax benefit and related tax asset representing tax deductible amounts to be realized in future years which is expected to be recovered over a period of up to 20 years. The Company believes that excluding the cumulative future unrealized benefit of the assets transferred in 2019 and amortization of the tax asset in the subsequent years in the non-GAAP financial measures, thereby presenting the tax benefit in the non-GAAP measures in the year of realization, provides meaningful supplemental information regarding operational performance and facilitates comparisons to historical operating results.

(e) Debt extinguishment loss (gain). The Company excludes certain gains or losses associated with the retirement of our debt. The Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results and comparisons to peers, many of which similarly exclude this item.

(f) Other. The Company excludes certain benefits or costs related to non-routine and other matters. The Company believes that the non-GAAP financial measures excluding this item provide meaningful supplemental information regarding the operational performance of the business. In addition, excluding this item from the non-GAAP measures facilitates comparisons to historical operating results.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES NET INCOME TO ADJUSTED EBITDA RECONCILIATION (UNAUDITED, IN THOUSANDS)

The following table sets forth a reconciliation of Net income to Adjusted EBITDA, the most directly comparable GAAP financial measure.

	Three Months Ended December 31,						Year Ended December 31,
		2025			2024			2025			2024
Net income	$	20,503		$	18,071		$	84,527		$	89,435
Plus:
Interest expense		9,043			9,363			35,528			33,979
Interest income		(821	)		(371	)		(2,515	)		(2,546	)
Other (income) expense, net		(68	)		(1,782	)		3,217			(4,278	)
Income tax expense		7,106			8,146			29,482			32,810
Depreciation and amortization		4,465			5,548			18,733			20,516
EBITDA:
Plus:
Share-based compensation		5,256			5,154			17,693			16,764
Other		(275	)		224			219			1,726
Adjusted EBITDA	$	45,209		$	44,353		$	186,884		$	188,406

Adjusted EBITDA as calculated above represents earnings before interest expense, interest income, other (income) expense, net, income tax expense, depreciation and amortization and the items used to reconcile GAAP to non-GAAP financial measures, including share-based compensation and other benefits or costs related to non-routine and other matters. The Company discloses Adjusted EBITDA as a supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that measures similar to Adjusted EBITDA are broadly used by analysts, rating agencies and investors in assessing our performance. Accordingly, the Company believes that the presentation of Adjusted EBITDA provides useful information to investors.

Adjusted EBITDA is not calculated in accordance with, or presented as an alternative to, net income, and may be different from similarly or identically named non-GAAP measures used by other companies. In addition, Adjusted EBITDA is not based on any comprehensive set of accounting rules or principles. This Adjusted non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

CONSENSUS CLOUD SOLUTIONS, INC. AND SUBSIDIARIES NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW RECONCILIATION (UNAUDITED, IN THOUSANDS)

	Three Months Ended December 31,						Year Ended December 31,
		2025			2024			2025			2024
Net cash provided by operating activities	$	15,218		$	11,126		$	136,086		$	121,747
Less: Purchases of property and equipment		(7,898	)		(7,980	)		(30,233	)		(33,440	)
Free cash flow	$	7,320		$	3,146		$	105,853		$	88,307

Net cash provided by operating activities in Q4 2025 increased to $15.2 million from $11.1 million in Q4 2024. Free cash flow in Q4 2025 increased to $7.3 million from $3.1 million in Q4 2024. The increase in net cash provided by operating activities and Free cash flow was primarily due to increased income after excluding noncash items in Q4 2025 compared to Q4 2024.

Net cash provided by operating activities in 2025 increased to $136.1 million from $121.7 million in 2024. Free cash flow in 2025 increased to $105.9 million from $88.3 million in 2024. The increase in net cash provided by operating activities and Free cash flow primarily due to increased income after excluding noncash items.

The term Free cash flow is defined as net cash provided by operating activities, less purchases of property and equipment. The Company discloses Free cash flow as a supplemental non-GAAP financial performance measure, as it believes it is a useful metric by which to compare the performance of its business from period to period. The Company also understands that this non-GAAP measure is broadly used by analysts, rating agencies and investors in assessing the Company’s performance. Accordingly, the Company believes that the presentation of this non-GAAP financial measure provides useful information to investors.

Free cash flow is not calculated in accordance with, or presented as an alternative to, net cash provided by operating activities, and may be different from non-GAAP measures with similar or even identical names used by other companies. In addition, Free cash flow is not based on any comprehensive set of accounting rules or principles. This non-GAAP measure has limitations in that it does not reflect all of the amounts associated with the Company’s results of operations determined in accordance with GAAP.

Key Performance Metrics (Unaudited)

The following table sets forth certain key performance metrics for Consensus for the three months and years ended December 31, 2025 and 2024 (in thousands, except for percentages and Average Revenue per Customer Account):

	Three Months Ended December 31,						Year Ended December 31,
		2025			2024			2025			2024
Corporate revenue	$	56,792		$	52,917		$	222,682		$	209,112
Corporate customer accounts ⁽¹⁾		65			59			65			59
Corporate Average Revenue per Customer Account (“ ARPA”) ^(1,2)	$	290.40		$	303.58		$	300.03		$	310.67
Corporate paid adds ⁽³⁾		7			4			27			18
Corporate monthly account churn ⁽⁴⁾		3.30	%		2.63	%		3.03	%		2.36	%

SoHo revenue	$	30,278		$	34,061		$	127,002		$	141,258
SoHo customer accounts ⁽¹⁾		638			721			638			721
SoHo ARPA ^(1,2)	$	15.55		$	15.52		$	15.58		$	15.39
SoHo paid adds ⁽³⁾		47			60			217			247
SoHo monthly account churn ⁽⁴⁾		3.50	%		3.58	%		3.64	%		3.56	%

⁽¹⁾Consensus customers are defined as paying Corporate and SoHo customer accounts. In the second quarter of 2025, we eliminated dormant accounts not contributing to revenue from the number of SoHo customer accounts. The prior year period has been revised for consistency with the current year, and all metrics calculated based on the number of customer accounts (including ARPA and monthly account churn %) are calculated based on the revised number. As a result of this change, the prior year period SoHo customer accounts decreased by 26 thousand.

⁽²⁾Represents a monthly ARPA for the quarter or annual period, and is calculated as follows: Monthly ARPA on a quarterly basis is calculated using our standard convention of dividing revenue for the quarter by the average of the quarter’s beginning and ending customer base and dividing that amount by 3 months. Monthly ARPA on an annual basis is calculated by dividing revenue for the year by the average customer base for the applicable period and dividing that amount by 12 months. Consensus believes ARPA provides investors an understanding of the average monthly revenues we recognize per account associated within Consensus’ customer base. As ARPA varies based on fixed subscription fee and variable usage components, Consensus believes it can serve as a measure by which investors can evaluate trends in the types of services, levels of services and the usage levels of those services across Consensus’ customers.

⁽³⁾Paid Adds represents paying new Consensus customer accounts added during the periods presented.

⁽⁴⁾Monthly churn represents paid monthly Corporate and SoHo customer accounts that were cancelled during each month of the quarter or annual period, divided by the average number of customers during each month of the same quarter or annual period (including the paid adds). The period measured is the quarter or annual period and expressed as a monthly churn rate over the respective period.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209057827/en/

Laura Hinson

Consensus Cloud Solutions, Inc

844-211-1711

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology General Health Health Data Management

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February 9, 2026 6:48 pm

Simulations Plus Announces Extensions of U.S. FDA and NIEHS Research Collaborations

Simulations Plus Announces Extensions of U.S. FDA and NIEHS Research Collaborations

Extended projects support ongoing research into computational approaches and new approach methodologies for food and chemical safety assessment

RESEARCH TRIANGLE PARK, N.C.–(BUSINESS WIRE)–
Simulations Plus, Inc. (Nasdaq: SLP) (“Simulations Plus” or the “Company”), a global leader in model-informed and AI-accelerated drug development that advances biopharma innovation, today announced the extension of two separate research collaborations with the U.S. Food and Drug Administration (FDA) and the National Institute of Environmental Health Sciences (NIEHS). The extended projects support ongoing federal research efforts focused on the development of new approach methodologies (NAMs) and advancing computational approaches for food and chemical safety assessments.

Recent guidance from the FDA and other regulatory agencies encourages the use of non-animal based research, including in silico, mechanistic, and data-driven methods intended to support food and chemical safety evaluations. The extended collaborations align with these broader federal initiatives by supporting research into the application, evaluation, and refinement of computational toxicity models.

“We appreciate the opportunity to continue our collaborations with the FDA and NIEHS,” said Viera Lukacova, Chief Scientific Officer of Simulations Plus. “The research being conducted through these projects addresses important challenges, and we are pleased to contribute our scientific engines in support of federal research efforts. We look forward to continued collaboration to advance the scientific foundation for food and chemical safety assessment through AI-enabled and in silico approaches.”

FDA Research Collaboration

The extended agreement with the FDA’s Human Foods Program allows scientists to continue research involving computational models to support chemical safety assessments for food-related substances.

Following the completion of earlier project objectives, the FDA elected to extend the collaboration with Simulations Plus to further expand and refine AI-based safety models for use in regulatory research. New federal funding dedicated to food and chemical safety modernization will provide this collaboration with expanded access to curated toxicological datasets for further training, validation, and benchmarking of Simulations Plus’ AI/ML models.

NIEHS Research Collaboration

The extended collaboration with NIEHS focuses on computational approaches relevant to environmental and exposure-related chemical safety research. This work addresses a broad range of chemicals and exposure scenarios, consistent with NIEHS’s mission to support research on environmental influences on human health.

NIEHS’ collaboration with Simulations Plus is part of a national effort to modernize chemical safety assessment through AI-powered new approach methodologies and will continue the application of the company’s software engines to help with the design, validation, and benchmarking of new experimental systems under evaluation.

Advancing NAM Research

The extensions reflect continued federal interest in evaluating computational and AI-based approaches, areas in which Simulations Plus has longstanding technical expertise.

“For 30 years, our company has helped lay the scientific foundation for what is now known as model-informed drug development,” said Shawn O’Connor, Chief Executive Officer of Simulations Plus. “Our experts helped standardize methods that are now widely accepted by industry and regulators alike, and we are proud to continue pioneering the science and technology that support better-informed decisions across pharmaceutical development, food safety research and chemical risk assessment.”

About Simulations Plus, Inc.

Simulations Plus is a global leader in model-informed and AI-accelerated drug development. We create value for our clients by accelerating the discovery, development, and commercialization of pharmaceuticals and other products through innovative science-based software and consulting solutions. For more information, visit www.simulations-plus.com.

Forward-Looking Statements

Except for historical information, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties. Words like “believe,” “will”, “can”, “expect,” “anticipate,” and similar expressions (or the negative of such terms, as well as other words or expressions referencing future events, conditions, or circumstances) mean that these are our best estimates as of this writing, but there can be no assurances that expected or anticipated results or events will actually take place, so our actual future results could differ significantly from those statements. Forward-looking statements include but are not limited to statements regarding our fiscal year 2026 guidance, revenue growth, anticipated margins and profitability, demand to software and services, the impact of pricing actions, client spending levels, market conditions, the development, capabilities, regulatory acceptance, regulatory compliance and commercialization of AI-enabled and could-based solutions, the timing and content of product initiatives discussed at Investor Day, and our ability to execute our long-term strategic vision. These forward-looking statements are based on current assumptions and expectations that involve risks and uncertainties that could cause the actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: effectiveness of our internal operational structure, our ability to maintain our competitive advantages and commercialize AI and cloud-enabled solutions, evolving regulatory and data privacy standards governing AI technologies, acceptance of new software and improved versions of our existing software by our customers, the general economics of the pharmaceutical industry, our ability to finance growth, our ability to continue to attract and retain highly qualified technical staff, market conditions, macroeconomic factors, and a sustainable market. Further information on our risk factors is contained in our quarterly, annual, and current reports and filed with the U.S. Securities and Exchange Commission. No regulatory authority has endorsed, approved, or validated the Company’s products, platforms, or AI-related approaches.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209178106/en/

Investor Relations Contact:

Lisa Fortuna

Financial Profiles

310-622-8251

[email protected]

KEYWORDS: United States North America North Carolina

INDUSTRY KEYWORDS: Software Biotechnology Pharmaceutical Internet Health FDA Artificial Intelligence Technology

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February 9, 2026 6:43 pm

ScanTech AI Systems Inc. Announces Nasdaq Delisting Determination, Pending Trading Suspension, and Intent to Seek OTCQB Quotation

Atlanta, GA, Feb. 09, 2026 (GLOBE NEWSWIRE) — ScanTech AI Systems Inc. (the “Company” or “ScanTech AI”) (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging technologies, today provided an update regarding recent correspondence received from The Nasdaq Stock Market LLC (“Nasdaq”) related to the Company’s continued listing status.

On February 4, 2026, the Company received a deficiency notice from Nasdaq’s Listing Qualifications Department indicating that, based on Nasdaq’s review of the Company’s market value of publicly held shares (“MVPHS”) for the 30 consecutive business days ended February 3, 2026, the Company did not meet the minimum MVPHS requirement of $15 million under Nasdaq Listing Rule 5450(b)(2)(C). In accordance with Nasdaq rules, the Company has a 180-day compliance period, through August 3, 2026, to regain compliance. Compliance may be achieved if the Company’s MVPHS closes at or above $15 million for a minimum of ten consecutive business days during this period.

Separately, on February 6, 2026, the Company received a determination letter from the Nasdaq Hearing Panel denying the Company’s request for continued listing on the Nasdaq Global Market. The Panel’s decision, which followed a hearing held on January 22, 2026, cited non-compliance with Nasdaq Listing Rules 5250(c)(1) (the periodic filing requirement) and 5450(b)(2)(A) (the minimum market value of listed securities requirement). As a result of this determination, Nasdaq has notified the Company that trading of its securities on the Nasdaq Global Market is scheduled to be suspended at the open of trading on February 10, 2026, unless further action is taken.

Under Nasdaq rules, the Company has fifteen (15) days from receipt of the determination letter to request a review of the Panel’s decision by the Nasdaq Listing and Hearing Review Council. The Company is currently evaluating and intends to pursue available options, including submitting a request for review. If the Listing Council elects to review the matter, it may affirm, modify, reverse, dismiss, or remand the Panel’s decision.

In parallel, the Company intends to apply for its common stock to be quoted on the OTCQB Venture Market. There can be no assurance that the Company will meet all eligibility requirements or that OTC Markets Group, Inc. will approve the application.

ScanTech AI remains focused on executing its operational strategy, advancing customer engagements, and strengthening its financial and compliance posture. The Company will continue to keep shareholders informed as developments occur.

About ScanTech AI

ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world’s most advanced non-intrusive ‘fixed-gantry’ CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI’s state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI’s solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.

For more information, visit www.scantechais.com and investor.scantechais.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, statements regarding the Company’s expectations, plans, intentions, strategies, and prospects with respect to the Nasdaq delisting process, the suspension of trading of the Company’s securities on The Nasdaq Global Market, any request for review by the Nasdaq Listing and Hearing Review Council and the timing and outcome thereof, the Company’s ability to obtain quotation of its common stock on the OTCQB Venture Market or any other trading market, and the Company’s future operations, liquidity, capital resources, and compliance efforts following any delisting.

Words such as “may,” “will,” “could,” “would,” “should,” “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “continue,” “potential,” “seek,” “goal,” “target,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.

Forward-looking statements are based on the Company’s current expectations and assumptions as of the date of this press release and are subject to a number of risks, uncertainties, and assumptions, many of which are beyond the Company’s control. Actual results may differ materially from those expressed or implied by forward-looking statements due to factors including, but not limited to, the risk that the Company is unable to successfully obtain review or relief from the Nasdaq delisting determination, the suspension or termination of trading of the Company’s securities on Nasdaq, the Company’s inability to meet the eligibility requirements for quotation on the OTCQB or any other trading market, reduced liquidity and trading volume of the Company’s securities following any delisting, volatility in the market price of the Company’s common stock, the Company’s ability to continue as a going concern, and general market, economic, capital markets, and liquidity conditions.

Additional risks and uncertainties are described under the heading “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as in the Company’s Current Reports on Form 8-K and other filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update or revise any forward-looking statements, except as required by law.

Media Contact

ScanTech AI Systems Inc.
D. Williams Sr., Senior VP Sales, Business Development & Investor Relations
[email protected]

Investor & Media Relations Contact:

International Elite Capital Inc.
Annabelle Zhang
+1(646) 866-7928
[email protected]

February 9, 2026 6:35 pm

ZipRecruiter Announces Board of Directors Appointment

ZipRecruiter Announces Board of Directors Appointment

SANTA MONICA, Calif.–(BUSINESS WIRE)–ZipRecruiter^®(NYSE: ZIP), a leading online employment marketplace, today announced the appointment of Jennifer Saenz to the company’s Board of Directors (the “Board”) and the resignation of Yvonne Hao from her position as a member of the Board, both effective February 5, 2026. Jennifer Saenz will also serve as a member of ZipRecruiter’s Compensation Committee and Nominating and Corporate Governance Committee.

“Jennifer has spent her career building trusted brands and operating at scale, and we’re thrilled to welcome her to our Board,” said Ian Siegel, CEO of ZipRecruiter. “Her experience leading marketing, merchandising, and commerce organizations will be valuable as we continue to improve how people find jobs and how employers find the right talent. We’re excited to have her voice in the room.”

“I’m grateful to Yvonne for her thoughtful leadership and numerous contributions over the years, and we wish her all the best in her future pursuits,” added Siegel.

Jennifer Saenz has held senior leadership roles at Albertsons Companies, a food and drug retailer, since July 2021. She has served as Executive Vice President and Chief Commercial Officer since June 2025. Previously, she served as Executive Vice President, Pharmacy and E-Commerce Operations from April 2024 to June 2025 and as Executive Vice President, Chief Merchandising Officer from July 2021 to April 2024.

Prior to Albertsons, Ms. Saenz held multiple roles at PepsiCo, a food and beverage company, including Global Chief Marketing Officer and President, Global Foods, from August 2005 to June 2021. She holds a B.B.A. from Emory University’s Goizueta School of Business and an M.B.A. from the Wharton School of Business at the University of Pennsylvania. She has also completed an executive education program at Harvard Business School.

About ZipRecruiter

ZipRecruiter® (NYSE:ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter’s powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past nine years¹ and is rated the #1 employment job site by G2.²For more information, visit www.ziprecruiter.com.

¹ Based on job seeker app ratings, during the period of January 2017 to January 2026 from AppFollow for ZipRecruiter, Glassdoor, Indeed, LinkedIn, and Monster.

² Based on G2 satisfaction ratings in N. America as of January 12, 2026.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209437700/en/

Investors:

Emilio Sartori

Investor Relations

[email protected]

Corporate Communications:

Claire Walsh

Press Relations

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Software Human Resources Internet Consulting Data Management Professional Services Technology Apps/Applications

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February 9, 2026 6:33 pm

Walker & Dunlop Arranges $371.5 Million Financing for The Nashville EDITION Hotel & Residences

Walker & Dunlop Arranges $371.5 Million Financing for The Nashville EDITION Hotel & Residences

BETHESDA, Md.–(BUSINESS WIRE)–Walker & Dunlop, Inc. announced today that it has arranged a total of $371,500,000 in financing to facilitate the development of The Nashville EDITION Hotel & Residences. The luxury hotel and residences are planned for the heart of Nashville’s highly sought-after Gulch neighborhood.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260209039287/en/

Nashville EDITION Hotel & Residences. Photo Credit: INC Architecture & Design

Walker & Dunlop Capital Markets Institutional Advisory, partnering closely with the Walker & Dunlop Hospitality Team arranged the transaction for Tidal Real Estate Partners. Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Ari Hirt, and Michael Ianno of the Capital Markets team and Jay Morrow, Carter Gradwell, and Jack Hughes of the Hospitality team arranged the $371.5 million of capital provided by Madison Realty Capital and KSL Capital Partners.

Upon completion, The Nashville EDITION will be a 28-story hotel and residential tower featuring 261 hotel rooms and 84 residences. The property will include chef-led restaurant and bar concepts, multiple floors of curated amenity programming, and fully separate hotel and residential lobbies and gyms. Shared offerings will include a spa, golf simulator, 8,300 square feet of combined ballroom and pre-function space, conference rooms, and a rooftop pool and bar with cabanas and skyline views of downtown Nashville.

“Downtown Nashville has evolved into a premier high-rise residential and luxury hospitality market, driven by sustained demand from both residents and travelers,” said Kurland, senior managing director at Walker & Dunlop. “We’re honored to work alongside the iconic EDITION brand and Tidal to help this property fill a clear gap in the market. The Nashville EDITION will redefine luxury comfort through intentional, design-led hospitality, delivering an inspired hotel concept that elevates both the guest experience and residential living.”

Positioned at 11th Ave N and Grundy Street, the project sits steps from highly trafficked shops, acclaimed restaurants, neighborhood bars, and local cultural landmarks, offering seamless walkability and everyday convenience. The project is set to become Nashville’s most anticipated branded hospitality and residential development, establishing a new standard for design-led luxury. The Nashville MSA is home to more than 2.1 million people and over 40,000 businesses, reinforcing the region’s scale, economic momentum, and continued demand for elevated living and hospitality experiences.

“While Nashville continues to attract strong business and leisure travel, elevated, design-forward hotel models that reflect local culture remain underrepresented,” said Mick Walsdorf, principal at Tidal Real Estate Partners. “This marks Tidal’s third project to break ground in the Gulch, following the successful delivery of the best-in-class 1111 Church multifamily rental community and an upcoming dual-branded development featuring The Marriott Vacation Club and Apartments by Marriott Bonvoy. We see a clear opportunity for a mixed-use, culture-led hospitality concept that elevates both residential living and the guest experience. We’re proud to collaborate with Walker & Dunlop to deliver a project under the iconic EDITION brand that will be rooted in standout design and intentional programming, backed by institutional-scale execution to create one of Nashville’s most inspired branded hotel and residential destinations.”

In 2024, Walker & Dunlop’s Capital Markets team sourced over $16 billion from non-Agency capital providers. This vast experience has made them a top advisor on all asset classes for many of the industry’s top developers, owners, and operators. To learn more about Walker & Dunlop’s broad financing options, visit our website.

About Walker & Dunlop

Walker & Dunlop (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.

The Residences at the Nashville EDITION are not owned, developed or sold by Marriott International, Inc., or its affiliates (“Marriott”). 1101 Grundy Property Owner, LLC uses the EDITION marks under a license from Marriott which has not confirmed the accuracy of any of the statements or representations made herein.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209039287/en/

Investors:

Kelsey Duffey

Investor Relations

Phone 301.202.3207

[email protected]

Media:

Nina H. von Waldegg

VP, Public Relations

Phone 301.564.3291

[email protected]

Phone 301.215.5500

7272 Wisconsin Avenue, Suite 1300

Bethesda, Maryland 20814

KEYWORDS: United States North America Tennessee Maryland

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Finance Consulting Urban Planning Professional Services Lodging Travel Residential Building & Real Estate

MEDIA:

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Nashville EDITION Hotel & Residences. Photo Credit: INC Architecture & Design

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February 9, 2026 6:19 pm

NeoVolta Announces Timing of Second Quarter Fiscal 2026 Earnings Release and Inaugural Conference Call

SAN DIEGO, Feb. 09, 2026 (GLOBE NEWSWIRE) — NeoVolta Inc. (NASDAQ: NEOV) (“NeoVolta” or the “Company”), a U.S.-based energy technology company delivering scalable energy storage solutions, today announced that it will release its second quarter fiscal 2026 results before market open on Tuesday, February 17, 2026.

The Company will host its first earnings conference call and webcast the same day to review financial and operating results for the quarter ended December 31, 2025, and provide an update on recent strategic developments. Management will discuss progress across NeoVolta’s growth initiatives, including advancements in domestic manufacturing and strategic partnerships. A question-and-answer session will follow.

Second Quarter 2026 Conference Call

Date: Tuesday, February 17, 2026
Time: 11:00 a.m. Eastern Time
Phone: +1 (201) 389-0908
Webcast and accompanying slide presentation: Registration Link

A telephonic replay will be available from 2:00 p.m. ET on the day of the call through Tuesday, March 3, 2026. To listen to the archived call, dial +1 (412) 317-6671 and enter replay PIN 13758524.

The webcast replay will be available on the Investor Relations section of the Company’s website neovolta.com/investors/, where a transcript will be posted once available.

About NeoVolta

NeoVolta is an innovator in energy storage solutions dedicated to advancing reliable, high-performance power infrastructure for residential, commercial, and utility applications. With a focus on scalable technology, domestic manufacturing, and strategic partnerships, NeoVolta is positioned to support the accelerating transition toward resilient energy systems.

For more information, visit www.neovolta.com.

Contacts

NEOV Investors

Alliance Advisors IR
[email protected]

NEOV Media

Email: [email protected]
Phone: 800-364-5464

February 9, 2026 6:14 pm

Oportun Strengthens Debt Capital Structure With $485 Million Asset Backed Securitization and Corporate Debt Repayments

5.32% yield, 45 basis points lower than the prior October 2025 ABS transaction

Fourth consecutive sub-6% ABS transaction

Repaid $37.5 million of corporate debt during the fourth quarter

SAN MATEO, Calif., Feb. 09, 2026 (GLOBE NEWSWIRE) — Oportun (Nasdaq: OPRT), a mission-driven financial services company, today announced the issuance of $485 million of two-year revolving fixed rate asset-backed notes secured by a pool of unsecured and secured installment loans.

The offering included five classes of fixed rate notes: Class A, Class B, Class C, Class D, and Class E. Fitch rated all classes of notes, assigning ratings of AAA, AA-, A-, BBB-, and BB-, respectively. Goldman Sachs & Co. LLC served as the sole structuring agent and co-lead, and Citizens JMP Securities, LLC, Deutsche Bank Securities Inc., Guggenheim Securities, LLC, Jefferies LLC and Natixis Securities Americas LLC also served as co-leads.

The weighted average coupon on this ABS transaction, 2026-A, was 5.25%, and the weighted average yield was 5.32%. The Class A notes were priced with a coupon of 4.32% per annum; the Class B notes were priced with a coupon of 5.06% per annum; the Class C notes were priced with a coupon of 5.45% per annum; the Class D notes were priced with a coupon of 6.28% per annum; and the Class E notes were priced with a coupon of 9.38% per annum.

“With this most recent ABS transaction, Oportun demonstrates a sustained ability to raise capital on very favorable terms. The company has now raised more than $1.9 billion of capital through the ABS market in the last 9-months at sub-6% yields,” said Paul Appleton, Interim Chief Financial Officer at Oportun. “We remain diligent about executing comprehensive balance sheet optimization initiatives that have already significantly lowered our cost of capital. The strong financial performance of our core business has enabled the company to repay $70 million of corporate debt in 2025, including $37.5 million in the fourth quarter.”

For more information visit oportun.com. The notes were offered pursuant to Rule 144A under the Securities Act of 1933, as amended.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

About Oportun

Oportun (Nasdaq: OPRT) is a mission-driven financial services company that puts its members’ financial goals within reach. With intelligent borrowing, savings, and budgeting capabilities, Oportun empowers members with the confidence to build a better financial future. Since inception, Oportun has provided more than $21.3 billion in responsible and affordable credit, saved its members more than $2.5 billion in interest and fees, and helped its members set aside an average of more than $1,800 annually. For more information, visit Oportun.com.

Investor Contact

Dorian Hare
(650) 590-4323
[email protected]

Media Contact

Michael Azzano
Cosmo PR for Oportun
(415) 596-1978
[email protected]

February 9, 2026 6:11 pm

Elevra Lithium Signs Non-Binding Memorandum of Understanding for Spodumene Concentrate offtake with Mangrove Lithium

BRISBANE, Australia, Feb. 09, 2026 (GLOBE NEWSWIRE) — North American lithium producer Elevra Lithium Limited (“Elevra”) (ASX:ELV; NASDAQ:ELVR) is pleased to announce that it has signed a non-binding Memorandum of Understanding (“MoU”) to supply Mangrove Lithium (“Mangrove”) with spodumene concentrate produced at North American Lithium (“NAL”). A binding definitive agreement between Elevra and Mangrove may be signed at a future date, subject to Mangrove making a final investment decision prior to June 2027 for construction of a lithium conversion facility and agreement on the final terms of the agreement.

Under the terms of the non-binding MoU, Elevra and Mangrove intend to negotiate a definitive agreement under which Elevra could supply up to 144,000 tonnes per year of spodumene concentrate to Mangrove at market related prices, subject to a floor and ceiling price, which would support positive cashflow generation for NAL at any point in the pricing cycle.

The proposed supply would be for an initial period of five (5) years, commencing in 2028 and ramping up to 144,000 tonnes per annum by 2030, which would represent approximately 46% of estimated sales volumes. Mangrove intends to process the spodumene concentrate in Eastern Canada into battery-grade lithium hydroxide to support the establishment of a resilient, domestic battery supply chain in Canada. Mangrove’s facility would have the capacity to produce 20,000 tonnes of battery-grade lithium a year, which is the equivalent to 500,000 EVs.

Mangrove have demonstrated the viability of their lithium conversion process in a pilot plant located in Delta, Canada. Test work is being completed on NAL spodumene and results are expected in Q3 CY26. Alongside the pilot plant, Mangrove has constructed and commissioned North America’s first commercial electrochemical lithium refining plant, with a 1,000 tonnes per annum capacity, which will be used for customer product qualification programs.

Mangrove recently announced an US$85 million financing round led by Canada Growth Fund, with support from returning investors Breakthrough Energy, and BMW i Ventures. Other key supporters include Mitsubishi Corporation, Orion Industrial Ventures, Export Development Canada, InBC, Asahi Kasei, and BDC Capital. Mangrove’s proprietary refining platform eliminates solid waste byproducts and leverages low-cost, low-carbon electricity, delivering both environmental benefits and a structurally more cost-competitive alternative to conventional lithium refining.

Elevra’s Chief Executive Officer and Managing Director, Lucas Dow, said: “Signing this non-binding Memorandum of Understanding with Mangrove marks an important step in strengthening our commercial position while supporting the Canadian Government’s priority to build a secure critical minerals supply chain. Mangrove have achieved impressive results from their Pilot Plant and continue to refine their process efficiency.

“By supplying North American Lithium’s production to a local partner, we expect to improve our cost efficiency and reinforce the competitiveness of our operations.”

Mangrove Chief Commercial and Strategy Officer, Annie Liu, said: “Partnering with Elevra to source Canadian spodumene concentrate is a natural strategic fit for Mangrove. Today, most lithium refining happens overseas, resulting in the loss of downstream value from Canada’s raw resources. By locating conversion close to the feedstock, we enhance supply chain security, support the creation of high-value domestic jobs, and advance Canada’s Critical Minerals Strategy.

“This collaboration supports the development of a resilient, end-to-end lithium supply chain in Canada, reducing reliance on overseas processing and anchoring greater economic and strategic value domestically. In addition, Mangrove’s electrochemical refining process leverages Québec’s low-cost, low-carbon hydroelectric power, delivering a structurally cost-competitive solution while materially reducing the carbon footprint of lithium conversion.”

Strategic Benefits for Elevra

This non-binding MoU is an important commercial milestone that aligns Elevra with a potential local downstream partner – which could improve the economics of NAL. Key benefits are anticipated to include:

Reduced freight and logistics costs by supplying spodumene concentrate to a local converter, creating one of the shortest mine-to-chemicals supply chains in the industry;
A pricing framework which includes a floor price (and associated ceiling price) that underpins cashflow generation across market cycles while maintaining considerable leverage to lithium prices; and
A potential long-term offtake customer for increased annual output from the NAL Brownfield Expansion.

Strengthening Canada and Québec’s Battery Ecosystem

Collaboration between Elevra and Mangrove directly supports the Government of Québec and Canada’s priorities to accelerate the production of domestic battery materials and create end-to-end supply chains. Converting Elevra’s spodumene concentrate in Québec would minimise the need for long-distance transport, is likely to reduce emissions and would anchor more value-added processing within Canada.

Partnership with a Canadian Innovator

Mangrove is a Canadian company, backed by a strong group of global strategic investors, creating a modular, scalable, electrochemical refining platform that converts a wide variety of feedstocks directly into battery-grade lithium hydroxide, eliminating complex and costly steps from conventional lithium processing technologies. The modular platform allows for lithium refining operations to be established near the point of feedstock extraction or battery manufacturing.

For more information about Mangrove, please visit their website at: www.mangrovelithium.com

Announcement authorised for release by Elevra’s Board of Directors.

About Elevra Lithium

Elevra Lithium Limited is a North American lithium producer (ASX:ELV; NASDAQ:ELVR) with projects in Québec, Canada, United States, Ghana and Western Australia.

In Québec, Elevra’s assets comprise North American Lithium (100%) and a 60% stake in the Moblan Lithium Project in Northern Québec. In the United States, Elevra has the Carolina Lithium project (100%) and in Ghana the Ewoyaa Lithium project (22.5%) in joint venture with Atlantic Lithium.

In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium.

For more information, please visit us at www.elevra.com

For more information, please contact:
Andrew Barber

Investor Relations

PH: +617 3369 7058