UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ FORM 10-K _________________ ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-37468 _________________ AppFolio, Inc. (Exact name of registrant as specified in its charter) _________________ ...

财务数据关键指标变化：收入 - 第三季度总营收为2.12亿美元，同比增长9%[5] - 订阅收入为1.58亿美元，同比增长9%[5] - 市场及其他收入为5400万美元，同比增长8%[5] - 第四季度营收同比增长8.6%，达到2.12197亿美元，环比增长1.6785亿美元[24] - 前九个月营收同比增长9.0%，达到6.06848亿美元[26] - 2026财年第三季度（截至2025年12月31日）收入为2.12197亿美元，环比增长8.6%，同比增加1678.5万美元[48] 财务数据关键指标变化：利润与盈利能力 - GAAP运营收入为4000万美元，去年同期为1500万美元；GAAP运营利润率为19%，同比扩大11个百分点[5] - 非GAAP运营收入为6200万美元，同比增长36%；非GAAP运营利润率为29%，同比扩大6个百分点[5] - GAAP摊薄后每股收益为0.62美元，非GAAP摊薄后每股收益为0.76美元[5] - 第四季度运营收入同比大幅增长169.4%，达到3952.4万美元，运营利润率从7.5%提升至18.6%[24] - 第四季度持续经营业务净利润同比激增318.7%，达到3987.3万美元[24] - 第四季度摊薄后每股收益为0.62美元，同比增长269.3%[24] - 前九个月持续经营业务净利润同比飙升1893.1%，达到7504.0万美元[26] - 第四季度非GAAP运营收入为6165.7万美元，非GAAP运营利润率为29.1%[30] - 第四季度调整后EBITDA为6223.5万美元，同比增长35.3%[33] - 2026财年第三季度运营收入为3952.4万美元，运营利润率达18.6%，同比大幅增长169.4%[48] - 2026财年第三季度持续经营业务净利润为3987.3万美元，同比激增318.7%[48] - 2026财年第三季度基本每股收益（持续经营业务）为0.63美元，同比增长332.7%[50] - 2026财年第三季度非GAAP调整后毛利润为1.56324亿美元，调整后毛利率为73.7%[53] - FY2025财年GAAP持续经营业务税前利润为2284万美元，而FY2026财年前三季度累计为7890.4万美元[56] - FY2025财年GAAP持续经营业务净亏损为250.2万美元，而FY2026财年前三季度累计实现净利润3987.3万美元[56] - FY2025财年非GAAP持续经营业务净利润为1.14931亿美元，FY2026财年前三季度累计为1.159亿美元[56] - FY2025财年GAAP基本每股收益为-0.01美元，FY2026财年前三季度非GAAP基本每股收益累计为1.78美元[56][58] - FY2026财年第三季度（截至2025年12月31日）非GAAP持续经营业务基本每股收益为0.77美元，稀释后为0.76美元[58] 财务数据关键指标变化：成本和费用 - 第四季度研发费用同比下降20.9%，至3382.3万美元，显示成本控制[24] - 前九个月非现金股权激励费用为6405.8万美元，同比减少23.6%[28] - 2026财年第三季度研发费用为3382.3万美元，同比显著下降20.9%[48] - 2026财年第三季度总运营费用为1.13017亿美元，同比下降10.1%[48] - 2026财年第三季度非GAAP调整后研发费用为2818.9万美元，销售与营销费用为4384.6万美元，一般及行政费用为2263.2万美元[53] - 截至12月31日的三个月，非现金股权激励费用为1813万美元[38] 财务数据关键指标变化：现金流 - 运营现金流为6700万美元，去年同期为4500万美元[5] - 截至12月31日的三个月，经营活动产生的净现金为6727万美元，较去年同期的4512万美元增长49.1%[38] - 截至12月31日的九个月，经营活动产生的净现金为1.0885亿美元，较去年同期的9139万美元增长19.1%[42] - 截至12月31日的三个月，自由现金流为6710万美元[45] 业务表现与运营指标 - 年度经常性收入为5.27亿美元，同比增长7%[8] - 当前剩余履约义务为4.71亿美元，同比增长9%[8] - 2026财年第三季度毛利润为1.52541亿美元，毛利率为71.9%[48] - 2026财年第三季度其他净收入为337.8万美元，同比下降16.2%[48] 资本配置与资产负债表项目 - 本财年迄今股票回购总额为1.19亿美元[1] - 现金及现金等价物从3月31日的4.133亿美元下降至12月31日的3.959亿美元，减少1740万美元（降幅4.2%）[36] - 应收账款净额从1.862亿美元增至2.188亿美元，增加3260万美元（增幅17.5%）[36] - 无形资产净额从2020万美元大幅下降至1190万美元，减少825万美元（降幅40.9%）[36] - 截至12月31日的三个月，公司斥资3917万美元回购库存股[38]，九个月总计斥资1.1893亿美元[42] - 截至12月31日的九个月，资本性支出为109万美元[42] - 截至12月31日的九个月，净收益为7504万美元，远超去年同期的545万美元[42] 管理层讨论和指引 - 公司预计截至2026年3月31日的季度GAAP运营收入为1600万美元，财年GAAP运营收入为8400万美元[61] - 公司预计截至2026年3月31日的季度非GAAP运营收入为3800万美元，财年非GAAP运营收入为1.8亿美元[61] - 非GAAP调整项中，预计本季度股票非现金薪酬为1700万美元，本财年总计为8100万美元[61] - 非GAAP调整项中，预计本季度重组成本为200万美元，本财年总计为400万美元[61] - 公司使用非GAAP指标进行内部管理、业务评估和未来规划，高管薪酬部分基于这些指标[64]

Exhibit 99.1 Qualys Announces Fourth Quarter and Full Year 2025 Financial Results Q4 Revenue Growth of 10% Year-Over-Year Full Year 2025 Revenue Growth of 10% Year-Over-Year Announces $200 Million Increase to Share Repurchase Program Fourth Quarter 2025 Financial Highlights Revenues: Revenues for the fourth quarter of 2025 increased by 10% to $175.3 million compared to $159.2 million for the same quarter in 2024. Gross Profit: GAAP gross profit for the fourth quarter of 2025 increased by 12% to $146.1 milli ...

EXHIBIT 99.1 Balance Sheet Highlights as of December 31, 2025 Assets Liabilities and Stockholders' Equity CleanSpark Reports First Quarter Fiscal 2026 Results CleanSpark Delivers $181 Million in Q1 Revenue, Strengthens Balance Sheet, and Advances Multi-Gigawatt AI Infrastructure Platform Secures up to 890 MW of New Utility-Grade Power Capacity and Expands AI-Ready Site Portfolio Across Texas and Georgia LAS VEGAS, February 5, 2026 -- CleanSpark, Inc. (Nasdaq: CLSK) ("CleanSpark" or the "Company"), today rep ...

For the fiscal second quarter, the Company generated $21.6 million in operating cash flow and closed the quarter with $107.0 million in cash and cash equivalents and no bank debt. "Fiscal Q2 was another productive and successful quarter," commented Doug Valenti, CEO of QuinStreet. "We exceeded our outlook for both revenue and adjusted EBITDA, and we continued to make good progress on needle-moving initiatives across the business. Our set-up for continued, long-term revenue growth and margin performance has ...

Table of Contents E x h i b i t 9 9 . 1 Table of Contents | | Financial Supplement | | --- | --- | | Table of Contents | Fourth Quarter 2025 | | Overview | PAGE | | Corporate Information | 3 | | Key Quarterly Financial Data | 5 | | Consolidated Statements of Operations | | | Earnings Release | 7 | | 2026 Outlook | 10 | | Consolidated Quarterly Statements of Operations | 12 | | Funds From Operations and Core Funds From Operations | 13 | | Adjusted Funds From Operations | 14 | | Balance Sheet Information | | ...

Verisign Reports Fourth Quarter and Full Year 2025 Results RESTON, VA - Feb. 5, 2026 - VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today reported financial results for the fourth quarter and full year 2025. Fourth Quarter Financial Results 2025 Financial Results Verisign reported revenue of $1.66 billion for 2025, up 6.4 percent from 2024. Operating income was $1.12 billion for 2025 compared to $1.06 billion in 2024. Verisign report ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File No. 1-7259 SOUTHWEST AIRLINES CO. (Exact name of registrant as specified in its charter) | Texas | 74-1563240 | | --- | --- | ...

INTRODUCTORY NOTES F I N A N C I A L R E S U L T S Table of Contents E a r nin g s R ele a s e O v e r vie w o f R e s ult s 2 3 F I N A N C I A L S U M M A RY | C | o | n | s | olid | a | t | e | d | B | ala | n | c | e | S | h | e | e | t | s | 1 | 3 | C | o | n | s | olid | a | t | e | d | S | t | a | t | e | m | e | n | t | s | o | f | O | p | e | r | a | tio | n | s | 1 | 4 | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Press Release Fortinet Reports Strong Fourth Quarter and Full Year 2025 Financial Results Fourth Quarter 2025 Highlights Full Year 2025 Highlights SUNNYVALE, Calif. - February 5, 2026 - Fortinet® (Nasdaq: FTNT), a global cybersecurity leader driving the convergence of networking and security, today announced financial results for the fourth quarter of 2025 and full year ended December 31, 2025. "We are pleased with our strong finish to the year, highlighted by an excellent fourth quarter driven by broad- ba ...