Security
Morningstar, Inc. Common Stock · MORN
MORNNASDAQCommon stockCurrentCIK 1289419Updated Nov 9, 2026
MORN price & chart
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Seeking Alpha
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SEC disclosures
Morningstar, Inc. files 8-K: Material Event ↗
Recent filings
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
10-Q filing
Regulation FD Disclosure
Items 7.01, 9.01
Other Events
Items 8.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
balance sheet · annual statements
| Line item | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q2 2024 | Q1 2026 | Q1 2025 | Q1 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||||||
| AssetsUSD | 3,557,600,000Source | 3,566,300,000Source | 3,945,700,000Source | 3,630,500,000Source | 3,403,500,000Source | 3,986,300,000Source | 3,586,300,000Source | 3,389,400,000Source | 3,590,200,000Source | 3,548,900,000Source | 3,403,400,000Source | 3,474,800,000Source |
| Property, Plant and Equipment, NetUSD | 225,900,000Source | 212,400,000Source | 239,600,000Source | 225,600,000Source | 210,300,000Source | 234,800,000Source | 221,600,000Source | 210,800,000Source | 231,900,000Source | 218,900,000Source | 207,700,000Source | 199,400,000Source |
| GoodwillUSD | 1,614,700,000Source | 1,579,600,000Source | 1,745,600,000Source | 1,618,200,000Source | 1,569,500,000Source | 1,747,200,000Source | 1,601,100,000Source | 1,574,100,000Source | 1,610,800,000Source | 1,562,000,000Source | 1,578,800,000Source | 1,571,700,000Source |
| Current assets: | ||||||||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | — | — | — | — | — | — | — | — | 474,500,000Source | 502,700,000Source | 337,900,000Source | 376,600,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 363,900,000Source | 328,400,000Source | 382,900,000Source | 384,000,000Source | 336,400,000Source | 402,600,000Source | 342,100,000Source | 326,200,000Source | 390,400,000Source | 358,100,000Source | 343,900,000Source | 307,900,000Source |
| Assets, CurrentUSD | 979,200,000Source | 1,022,800,000Source | 1,034,900,000Source | 1,042,300,000Source | 875,800,000Source | 1,063,300,000Source | 1,012,300,000Source | 830,600,000Source | 1,038,000,000Source | 1,014,100,000Source | 815,700,000Source | 810,800,000Source |
| Operating Lease, Right-of-Use AssetUSD | 164,400,000Source | 157,500,000Source | 164,700,000Source | 164,500,000Source | 148,100,000Source | 166,000,000Source | 172,100,000Source | 156,500,000Source | 159,000,000Source | 181,200,000Source | 163,900,000Source | 191,600,000Source |
| Other Assets, NoncurrentUSD | 10,400,000Source | 7,100,000Source | 22,400,000Source | 8,700,000Source | 7,400,000Source | 17,500,000Source | 9,100,000Source | 8,200,000Source | 12,100,000Source | 8,800,000Source | 8,800,000Source | 10,500,000Source |
| LIABILITIES AND EQUITY | ||||||||||||
| LiabilitiesUSD | 2,043,600,000Source | 2,000,600,000Source | 2,921,900,000Source | 2,016,000,000Source | 1,969,800,000Source | 2,967,600,000Source | 1,977,100,000Source | 2,006,300,000Source | 2,368,300,000Source | 1,930,300,000Source | 2,075,600,000Source | 2,267,700,000Source |
| Stockholders’ equity: | ||||||||||||
| Common Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Retained Earnings (Accumulated Deficit)USD | 2,110,800,000Source | 1,811,700,000Source | 2,383,300,000Source | 2,038,200,000Source | 1,709,400,000Source | 2,294,300,000Source | 1,968,400,000Source | 1,657,700,000Source | 2,206,200,000Source | 1,909,200,000Source | 1,610,800,000Source | 1,535,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -71,400,000Source | -74,200,000Source | -85,500,000Source | -60,700,000Source | -98,500,000Source | -79,400,000Source | -102,400,000Source | -97,100,000Source | -68,100,000Source | -119,400,000Source | -86,500,000Source | -99,000,000Source |
| Additional Paid in Capital, Common StockUSD | 861,400,000Source | 809,800,000Source | 915,100,000Source | 853,000,000Source | 806,700,000Source | 892,500,000Source | 847,800,000Source | 808,000,000Source | 869,500,000Source | 822,700,000Source | 789,000,000Source | 757,800,000Source |
| Liabilities and EquityUSD | 3,557,600,000Source | 3,566,300,000Source | 3,945,700,000Source | 3,630,500,000Source | 3,403,500,000Source | 3,986,300,000Source | 3,586,300,000Source | 3,389,400,000Source | 3,590,200,000Source | 3,548,900,000Source | 3,403,400,000Source | 3,474,800,000Source |
| Current liabilities: | ||||||||||||
| Liabilities, CurrentUSD | 945,500,000Source | 895,900,000Source | 980,300,000Source | 921,000,000Source | 837,400,000Source | 1,030,700,000Source | 912,300,000Source | 846,800,000Source | 1,053,300,000Source | 967,300,000Source | 880,800,000Source | 882,500,000Source |
| Operating Lease, Liability, CurrentUSD | 39,900,000Source | 32,200,000Source | 41,800,000Source | 39,300,000Source | 32,000,000Source | 42,700,000Source | 37,700,000Source | 34,700,000Source | 41,800,000Source | 35,100,000Source | 36,400,000Source | 37,300,000Source |
| Operating Lease, Liability, NoncurrentUSD | 153,800,000Source | 145,700,000Source | 149,700,000Source | 155,900,000Source | 136,600,000Source | 151,000,000Source | 161,700,000Source | 143,800,000Source | 146,700,000Source | 170,300,000Source | 151,400,000Source | 176,700,000Source |
| Deferred Income Tax Liabilities, NetUSD | 27,200,000Source | 29,900,000Source | 22,100,000Source | 29,900,000Source | 30,400,000Source | 21,500,000Source | 29,800,000Source | 32,800,000Source | 27,200,000Source | 27,600,000Source | 35,600,000Source | 62,900,000Source |
| Other Liabilities, NoncurrentUSD | 13,700,000Source | 20,100,000Source | 21,000,000Source | 13,700,000Source | 18,600,000Source | 14,400,000Source | 12,800,000Source | 17,600,000Source | 14,300,000Source | 11,400,000Source | 17,500,000Source | 13,900,000Source |
| Additional Financial Items | ||||||||||||
| AOCI, Debt Securities, Available-for-sale, Adjustment, after TaxUSD | 0Source | -100,000Source | 0Source | 0Source | -100,000Source | — | -100,000Source | -100,000Source | 0Source | -100,000Source | -100,000Source | 0Source |
| Deferred Revenue, CurrentUSD | 563,900,000Source | 539,500,000Source | 628,400,000Source | 594,200,000Source | 548,200,000Source | 669,300,000Source | 595,300,000Source | 565,200,000Source | 586,100,000Source | 540,800,000Source | 517,700,000Source | 455,600,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | — | — | — | — | — | — | — | 21,000,000Source | 52,100,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 848,900,000Source | 864,700,000Source | 1,713,300,000Source | 838,800,000Source | 899,600,000Source | 1,712,800,000Source | 803,700,000Source | 949,400,000Source | 1,072,600,000Source | 698,600,000Source | 972,400,000Source | 1,109,600,000Source |
| Deferred Revenue, Noncurrent | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | —Source | —Source | —Source | —Source | —Source | —Source | — | — | — | — |
cash flow · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 91,600,000Source | 119,700,000Source | 107,800,000Source | 89,000,000Source | 107,100,000Source | 78,500,000Source | 374,200,000Source | 369,900,000Source | 141,100,000Source | 70,500,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 47,000,000Source | 45,700,000Source | 53,500,000Source | 48,500,000Source | 51,700,000Source | 47,300,000Source | 189,900,000Source | 190,400,000Source | 184,900,000Source | 166,600,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 10,800,000Source | 9,100,000Source | 56,400,000Source | 54,700,000Source | 52,800,000Source | 83,200,000Source |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 9,000,000Source | -17,300,000Source | 26,000,000Source | 30,300,000Source | 38,200,000Source | 38,600,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | -42,300,000Source | -34,600,000Source | -32,400,000Source | -37,600,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 91,500,000Source | 91,000,000Source | 589,700,000Source | 591,600,000Source | 316,400,000Source | 297,800,000Source |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 359,600,000Source | 38,500,000Source | 39,000,000Source | 0Source | 800,000Source | 646,700,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -384,400,000Source | -70,700,000Source | -139,300,000Source | -21,300,000Source | -81,900,000Source | -799,300,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | — | — | — | — | — | — | -4,900,000Source | -200,000Source | -100,000Source | 200,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 37,900,000Source | 32,200,000Source | 147,100,000Source | 142,700,000Source | 119,100,000Source | 129,500,000Source |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common StockUSD | — | — | — | — | — | — | 300,000,000Source | 109,600,000Source | 787,000,000Source | 11,600,000Source | 1,400,000Source | 226,000,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 316,900,000Source | -24,100,000Source | -514,700,000Source | -384,400,000Source | -278,400,000Source | 415,100,000Source |
| Dividends paid | — | — | — | — | — | — | —Source | —Source | —Source | —Source | —Source | —Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | — | — | — | — | -2,400,000Source | 0Source | -3,000,000Source | 0Source | 100,000Source | -2,200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 18,300,000Source | 8,800,000Source | -28,200,000Source | 164,800,000Source | -38,700,000Source | -107,200,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 474,200,000Source | 552,900,000Source | 489,500,000Source | 503,500,000Source | 492,800,000Source | 511,500,000Source | 474,500,000Source | 502,700,000Source | 337,900,000Source | 376,600,000Source |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 12,300,000Source | 6,400,000Source | 37,300,000Source | 47,400,000Source | 58,400,000Source | 28,400,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 26,800,000Source | 14,200,000Source | 171,800,000Source | 115,600,000Source | 73,200,000Source | 75,300,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | — | — | — | -5,700,000Source | 12,600,000Source | 36,100,000Source | -21,100,000Source | 5,200,000Source | -20,800,000Source |
| Additional Financial Items | ||||||||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 18,600,000Source | 13,200,000Source | 27,300,000Source | 18,400,000Source | 10,800,000Source | 9,100,000Source | 56,400,000Source | 54,700,000Source | 52,800,000Source | 83,200,000Source |
| Amortization of Intangible AssetsUSD | — | — | 15,100,000Source | 14,700,000Source | 20,900,000Source | 15,300,000Source | 19,000,000Source | 14,400,000Source | 59,800,000Source | 64,500,000Source | 70,500,000Source | 66,700,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | — | 3,800,000Source | — | — |
| DepreciationUSD | — | — | 31,900,000Source | 30,900,000Source | 32,700,000Source | 33,200,000Source | 32,600,000Source | 32,800,000Source | 130,000,000Source | 125,400,000Source | 113,200,000Source | 97,800,000Source |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on DisposalUSD | — | — | — | — | — | — | — | — | 22,700,000Source | 64,000,000Source | — | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | — | — | — | — | — | — | — | — | 0Source | 12,400,000Source | 0Source | 0Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | — | — | — | — | — | — | — | — | — | — | 0Source | 0Source |
| Gain (Loss) on Disposition of AssetsUSD | — | — | — | — | — | — | — | — | — | 64,000,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 49,600,000Source | — |
| Gain (Loss) on Disposition of BusinessUSD | — | — | 0Source | 45,300,000Source | — | — | — | — | 0Source | 45,300,000Source | — | — |
| General and Administrative ExpenseUSD | — | — | 85,900,000Source | 77,600,000Source | 98,500,000Source | 82,000,000Source | 84,000,000Source | 76,500,000Source | 334,000,000Source | 327,200,000Source | 355,800,000Source | 400,400,000Source |
| GoodwillUSD | — | — | 1,614,700,000Source | 1,579,600,000Source | 1,745,600,000Source | 1,618,200,000Source | 1,747,200,000Source | 1,601,100,000Source | 1,610,800,000Source | 1,562,000,000Source | 1,578,800,000Source | 1,571,700,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Impairment of Intangible Assets (Excluding Goodwill)USD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -100,000Source | -2,600,000Source | -900,000Source | -1,200,000Source | -100,000Source | -2,600,000Source | -3,300,000Source | -17,400,000Source | -7,400,000Source | -3,600,000Source |
| Income Tax Expense (Benefit)USD | — | — | 31,400,000Source | 29,600,000Source | 38,300,000Source | 26,300,000Source | 34,600,000Source | 27,400,000Source | 121,500,000Source | 104,000,000Source | 33,000,000Source | 56,500,000Source |
| Marketable Securities, Unrealized Gain (Loss)USD | — | — | — | — | — | — | — | — | — | 900,000Source | 4,200,000Source | 5,400,000Source |
| Nonoperating Income (Expense)USD | — | — | -4,700,000Source | 36,400,000Source | -13,600,000Source | -8,600,000Source | -14,100,000Source | -5,600,000Source | -27,600,000Source | 6,500,000Source | -49,100,000Source | -37,200,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 2,300,000Source | 0Source | 3,500,000Source | -1,200,000Source | -400,000Source | -200,000Source | 1,000,000Source | -4,900,000Source | 11,500,000Source | -6,700,000Source |
| Other Operating Income (Expense), NetUSD | — | — | 500,000Source | 0Source | 6,800,000Source | 800,000Source | 900,000Source | 0Source | 24,900,000Source | — | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | — | — | — | 0Source |
| Realized Investment Gains (Losses) | — | — | — | —Source | — | —Source | — | —Source | — | — | — | — |
income statement · annual statements
| Line item | Q4 2025 | Q4 2024 | Q3 2025 | Q3 2024 | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 617,400,000Source | 569,400,000Source | 663,200,000Source | 605,100,000Source | 644,800,000Source | 581,900,000Source | 2,445,500,000Source | 2,275,100,000Source | 2,038,600,000Source | 1,870,600,000Source |
| Cost of RevenueUSD | — | — | 241,700,000Source | 222,700,000Source | 239,300,000Source | 230,600,000Source | 238,900,000Source | 231,400,000Source | 952,900,000Source | 895,700,000Source | 843,500,000Source | 779,300,000Source |
| Gross Profit (Calculated) · Derived | — | — | — | — | — | — | — | — | — | — | — | — |
| Operating Income (Loss)USD | — | — | 127,800,000Source | 115,500,000Source | 160,600,000Source | 125,100,000Source | 155,900,000Source | 114,100,000Source | 526,600,000Source | 484,800,000Source | 230,600,000Source | 167,800,000Source |
| Other Nonoperating Income (Expense)USD | — | — | 2,300,000Source | 0Source | 3,500,000Source | -1,200,000Source | -400,000Source | -200,000Source | 1,000,000Source | -4,900,000Source | 11,500,000Source | -6,700,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | — | — | — | — | — | — | 495,700,000Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | 31,400,000Source | 29,600,000Source | 38,300,000Source | 26,300,000Source | 34,600,000Source | 27,400,000Source | 121,500,000Source | 104,000,000Source | 33,000,000Source | 56,500,000Source |
| Earnings Per Share, BasicUSD per share | — | — | 2.18Source | 2.79Source | 2.85Source | 2.11Source | 2.74Source | 1.83Source | 8.93Source | 8.64Source | 3.31Source | 1.65Source |
| Earnings Per Share, DilutedUSD per share | — | — | 2.17Source | 2.77Source | 2.83Source | 2.09Source | 2.73Source | 1.82Source | 8.87Source | 8.58Source | 3.29Source | 1.64Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | — | 42,100,000Source | 42,900,000Source | 37,800,000Source | 42,200,000Source | 39,100,000Source | 42,800,000Source | 41,900,000Source | 42,800,000Source | 42,600,000Source | 42,600,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | — | 42,300,000Source | 43,200,000Source | 38,100,000Source | 42,500,000Source | 39,300,000Source | 43,100,000Source | 42,200,000Source | 43,100,000Source | 42,900,000Source | 42,900,000Source |
| Additional Financial Items | ||||||||||||
| Amortization of Intangible AssetsUSD | — | — | 15,100,000Source | 14,700,000Source | 20,900,000Source | 15,300,000Source | 19,000,000Source | 14,400,000Source | 59,800,000Source | 64,500,000Source | 70,500,000Source | 66,700,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | — | — | 0.46Source | 0.41Source | 0.5Source | 0.46Source | 0.5Source | 0.46Source | 1.87Source | 1.67Source | 1.53Source | 1.46Source |
| Costs and ExpensesUSD | — | — | 490,100,000Source | 453,900,000Source | 509,400,000Source | 480,800,000Source | 489,800,000Source | 467,800,000Source | 1,943,800,000Source | 1,854,300,000Source | 1,808,000,000Source | 1,702,800,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | — | — | 163,800,000Source | 138,600,000Source | 65,400,000Source | 94,100,000Source |
| Debt and Equity Securities, Realized Gain (Loss)USD | — | — | — | — | — | — | — | — | — | 3,800,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 49,600,000Source | — |
| General and Administrative ExpenseUSD | — | — | 85,900,000Source | 77,600,000Source | 98,500,000Source | 82,000,000Source | 84,000,000Source | 76,500,000Source | 334,000,000Source | 327,200,000Source | 355,800,000Source | 400,400,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | — | — | 357,500,000Source | 400,800,000Source | 101,400,000Source | 82,400,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -100,000Source | -2,600,000Source | -900,000Source | -1,200,000Source | -100,000Source | -2,600,000Source | -3,300,000Source | -17,400,000Source | -7,400,000Source | -3,600,000Source |
| Interest Income (Expense), Nonoperating, NetUSD | — | — | -7,000,000Source | -8,900,000Source | -17,100,000Source | -7,400,000Source | -13,700,000Source | -5,400,000Source | -28,600,000Source | -37,700,000Source | -51,700,000Source | -28,400,000Source |
| Nonoperating Income (Expense)USD | — | — | -4,700,000Source | 36,400,000Source | -13,600,000Source | -8,600,000Source | -14,100,000Source | -5,600,000Source | -27,600,000Source | 6,500,000Source | -49,100,000Source | -37,200,000Source |
| Other Operating Income (Expense), NetUSD | — | — | 500,000Source | 0Source | 6,800,000Source | 800,000Source | 900,000Source | 0Source | 24,900,000Source | — | — | — |
| Selling and Marketing ExpenseUSD | — | — | 115,500,000Source | 107,900,000Source | 118,100,000Source | 119,700,000Source | 115,200,000Source | 112,600,000Source | 467,000,000Source | 441,000,000Source | 423,800,000Source | 356,500,000Source |
| Realized Investment Gains (Losses) | — | — | — | —Source | — | —Source | — | —Source | — | — | — | — |
Filing attachments
tm269740d1_ex99-1.htm · 8-K · 2026-03-25
EX-99.1 2 tm269740d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Investor Questions and Answers: March 25, 2026 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions received through March 5, 2026. We retain the discretion to combine answers for duplicate or similar questions into one comprehensive response. If you w…
Read attachment ↗tm2524689d1_ex99-1.htm · 8-K · 2025-08-29
EX-99.1 2 tm2524689d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Investor Questions and Answers: August 29, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions primarily received through July 31, 2025. We retain the discretion to combine answers for duplicate or similar questions into one comprehensive respons…
Read attachment ↗tm2510342d1_ex99-1.htm · 8-K · 2025-03-25
EX-99.1 2 tm2510342d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Investor Questions and Answers: March 25, 2025 We encourage current shareholders, potential shareholders, and other interested parties to send questions to us in writing and we make written responses available on a periodic basis. The following answers respond to selected questions primarily received through January 31, 2025. We retain the discretion to combine answers for duplicate or similar questions into one comprehensive respo…
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