ACI WORLDWIDE, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
ACIW$60.02+0.8%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-07.
0000935036-25-000019
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-06.
0000935036-25-000031
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 199 previous paragraphs and 202 current paragraphs.
117 unchanged; 53 reworded; 30 added; 27 removed; 2 previous and 2 current paragraphs rearranged.
Tables are not compared: 6 previous and 6 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (30)
Current report
Total revenue for the three months ended September 30, 2025, increased $30.6 million, or 7%, as compared to the same period in 2024.
Current report
•Adjusted for the impact of foreign currency, total revenue for the three months ended September 30, 2025, increased $27.0 million, or 6%, as compared to the same period in 2024.
Current report
SaaS and PaaS revenue increased $23.5 million, or 11%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $2.1 million increase in license revenue during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
Maintenance revenue increased $3.9 million, or 8%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
Services revenue decreased $1.3 million, or 6%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
Total operating expenses for the three months ended September 30, 2025, increased $25.5 million, or 8%, as compared to the same period in 2024.
Current report
Cost of revenue increased $25.8 million, or 13%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
Selling and marketing expense increased $2.0 million, or 7%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
General and administrative expense increased $0.1 million, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
Depreciation and amortization decreased $7.4 million, or 23%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Current report
•Depreciation and amortization for thethree months ended September 30, 2024, included $4.4 million of accelerated depreciation related to the closure of a facility.
Current report
•Adjusted for the impact of the facility closure, depreciation and amortization expenses for the three months ended September 30, 2025, decreased $3.0 million, or 11%, as compared to the same period in 2024.
Current report
Total revenue for the nine months ended September 30, 2025, increased $136.9 million, or 12%, as compared to the same period in 2024.
Current report
•The impact of certain foreign currencies strengthening against the U.S. dollar resulted in a $3.6 million increase in total revenue during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
•Adjusted for the impact of foreign currency, total revenue for the nine months ended September 30, 2025, increased $133.3 million, or 12%, as compared to the same period in 2024.
Current report
SaaS and PaaS revenue increased $80.8 million, or 12%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
License revenue increased $50.2 million, or 20%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
•The impact of certain foreign currencies strengthening against the U.S. dollar resulted in a $1.8 million increase in license revenue during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
•Adjusted for the impact of foreign currency, license revenue for the nine months ended September 30, 2025, increased $48.4 million, or 19%, as compared to the same period in 2024.
Current report
•Adjusted for the impact of foreign currency, services revenue for the nine months ended September 30, 2025, decreased $0.8 million, or 1%, as compared to the same period in 2024.
Current report
Total operating expenses for the nine months ended September 30, 2025 increased $101.7 million, or 11%, as compared to the same period in 2024.
Current report
•Adjusted for the impact of cost reduction strategies and significant transaction-related expenses, total operating expenses for the nine months ended September 30, 2025, increased $104.6 million, or 11%, as compared to the same period in 2024.
Current report
Cost of revenue increased $79.6 million, or 13%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
Selling and marketing expense increased $7.6 million, or 9%, during the nine months ended September 30, 2025, as compared to the same period in 2024, primarily due to higher personnel and related expenses.
Current report
General and administrative expense increased $14.4 million, or 17%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
Depreciation and amortization decreased $14.5 million, or 17%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report
•Depreciation and amortization for the nine months ended September 30, 2024, included $4.4 million of accelerated depreciation related to the closure of a facility.
Current report
•Adjusted for the impact of the facility closure, depreciation and amortization expenses for the nine months ended September 30, 2025, decreased $10.1 million, or 12%, as compared to the same period in 2024.
Current report
Interest income for the nine months ended September 30, 2025, was flat compared to the same period in 2024.
Removed paragraphs (27)
Previous report
Total revenue for the three months ended June 30, 2025, increased $27.8 million, or 7%, as compared to the same period in 2024.
Previous report
•Adjusted for the impact of foreign currency, total revenue for the three months ended June 30, 2025, increased $26.4 million, or 7%, as compared to the same period in 2024.
Previous report
SaaS and PaaS revenue increased $35.9 million, or 15%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Previous report
License revenue decreased $8.9 million, or 14%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Previous report
Total operating expenses for the three months ended June 30, 2025, increased $46.6 million, or 15%, as compared to the same period in 2024.
Previous report
Cost of revenue increased $31.6 million, or 16%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Previous report
General and administrative expense increased $12.7 million, or 51%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•The increase was primarily due to higher personnel and related expenses and higher professional fees of $5.2 million, including $3.2 million of stock-based compensation expenses, and other legal fees of $2.8 million.
Previous report
SaaS and PaaS revenue increased $57.2 million, or 13%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
License revenue increased $45.6 million, or 48%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•The impact of certain foreign currencies weakening against the U.S. dollar resulted in a $0.4 million decrease in license revenue during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
Maintenance revenue increased $2.6 million, or 3%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•The impact of foreign currencies weakening against the U.S. dollar resulted in a $0.2 million decrease in maintenance revenue during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•Adjusted for the impact of foreign currency, maintenance revenue for the three months ended June 30, 2025, increased $2.8 million, or 3%, as compared to the same period in 2024.
Previous report
Services revenue increased $0.9 million, or 2%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
Total operating expenses for the six months ended June 30, 2025 increased $76.2 million, or 12%, as compared to the same period in 2024.
Previous report
•The impact of certain foreign currencies weakening against the U.S. dollar resulted in a $1.1 million decrease in total operating expenses for the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•Adjusted for the impact of cost reduction strategies, significant transaction-related expenses, and foreign currency, total operating expenses for the six months ended June 30, 2025, increased $75.5 million, or 12%, as compared to the same period in 2024.
Previous report
Cost of revenue increased $53.8 million, or 14%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•The impact of certain foreign currencies weakening against the U.S. dollar resulted in a $0.4 million decrease in cost of revenue during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•Adjusted for the impact of foreign currency, cost of revenue increased $54.2 million, or 14%, for the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
Selling and marketing expense increased $5.6 million, or 10%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•The impact of foreign currencies weakening against the U.S. dollar resulted in a $0.4 million decrease in selling and marketing expense during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
•Adjusted for the impact of foreign currency, selling and marketing expense increased $6.0 million, or 11%, for the three months ended June 30, 2025, as compared to the same period in 2024.
Previous report
General and administrative expense increased $14.3 million, or 28%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
Depreciation and amortization decreased $7.1 million, or 13%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Previous report
Interest income for the six months ended June 30, 2025, remained flat as compared to the same period in 2024.
Reworded paragraphs (53)
Previous wording
The following discussion should be read together with our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and with our financial statements and related notes contained in this Form 10-Q. Results for the three and six months ended June 30, 2025, are not necessarily indicative of results that may be attained in the future.
Current wording
The following discussion should be read together with our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and with our financial statements and related notes contained in this Form 10-Q. Results for the three and nine months ended September 30, 2025, are not necessarily indicative of results that may be attained in the future.
Previous wording
•The impact of certain foreign currencies strengthening against the U.S. dollar resulted in a $1.4 million increase in total revenue during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The impact of certain foreign currencies strengthening against the U.S. dollar resulted in a $3.6 million increase in total revenue during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.9 million increase in SaaS and PaaS revenue during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.8 million increase in SaaS and PaaS revenue during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, SaaS and PaaS revenue for the three months ended June 30, 2025, increased $35.0 million, or 15%, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, SaaS and PaaS revenue for the three months ended September 30, 2025, increased $22.7 million, or 10%, as compared to the same period in 2024.
Previous wording
Maintenance revenue increased $1.7 million, or 3%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
License revenue increased $4.5 million, or 3%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, license revenue for the six months ended June 30, 2025, increased $46.0 million, or 48%, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, license revenue for the three months ended September 30, 2025, increased $2.4 million, or 2%, as compared to the same period in 2024.
Previous wording
•The decrease was driven by license renewal timing as well as the relative size of new license and capacity events during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The increase was driven by license renewal timing as well as the relative size of new license and capacity events during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.4 million increase in maintenance revenue during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.5 million increase in maintenance revenue during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, maintenance revenue for the three months ended June 30, 2025, increased $1.3 million, or 3%, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, maintenance revenue for the three months ended September 30, 2025, increased $3.4 million, or 7%, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, services revenue for the three months ended June 30, 2025, decreased $1.2 million, or 5%, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, services revenue for the three months ended September 30, 2025, decreased $1.6 million, or 7%, as compared to the same period in 2024.
Previous wording
•Total operating expenses for the three months ended June 30, 2025, included $5.1 million for cost reduction strategies and $0.4 million of other significant transaction-related expenses during the period, compared to $0.4 million for cost reduction strategies and $0.4 million of other significant transaction-related expenses for the same period in 2024.
Current wording
•Total operating expenses for the three months ended September 30, 2025, included $1.2 million for cost reduction strategies and $0.1 million of other significant transaction-related expenses during the period, compared to $5.6 million for cost reduction strategies and $0.3 million of other significant transaction-related expenses for the same period in 2024.
Previous wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.9 million increase in total operating expenses during the three months ended June 30, 2025, compared to the same period in 2024.
Current wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $1.2 million increase in total operating expenses during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of cost reduction strategies, significant transaction-related expenses, and foreign currency, total operating expenses for the three months ended June 30, 2025, increased $41.0 million, or 13%, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of cost reduction strategies, significant transaction-related expenses, and foreign currency, total operating expenses for the three months ended September 30, 2025, increased $28.9 million, or 9%, as compared to the same period in 2024.
Previous wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.4 million increase in cost of revenue during the three months ended June 30, 2025, compared to the same period in 2024.
Current wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.4 million increase in cost of revenue during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, cost of revenue for the three months ended June 30, 2025, increased $31.2 million, or 15%, compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, cost of revenue for the three months ended September 30, 2025, increased $25.4 million, or 13%, as compared to the same period in 2024.
Previous wording
•The increase was primarily due to higher payment card interchange and personnel and related expenses of $26.9 million and $4.3 million, respectively.
Current wording
•The increase was primarily due to higher payment card interchange and personnel and related expenses of $18.2 million and $7.2 million, respectively.
Previous wording
R&D expense increased $5.7 million, or 16%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
R&D expense increased $4.9 million, or 13%, during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.3 million increase in R&D expenses during the three months ended June 30, 2025, compared to the same period in 2024.
Current wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.3 million increase in R&D expenses during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, R&D expenses for the three months ended June 30, 2025, increased $5.4 million, or 15%, compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, R&D expenses for the three months ended September 30, 2025, increased $4.6 million, or 12%, as compared to the same period in 2024.
Previous wording
•The increase was primarily due to higher personnel and related expenses of $6.6 million, partially offset by a decrease in advertising and professional fees of $0.6 million.
Current wording
•The increase was primarily due to higher personnel and related expenses and advertising and professional fees of $1.3 million and $0.7 million, respectively.
Previous wording
•General and administrative expenses for the three months ended June 30, 2025, included $5.1 million for cost reduction strategies and $0.4 million of other significant transaction-related expenses, compared to $0.4 million for cost reduction strategies and $0.4 million of other significant transaction-related expenses in the same period in 2024.
Current wording
•General and administrative expenses for the three months ended September 30, 2025, included $1.2 million for cost reduction strategies and $0.1 million of other significant transaction-related expenses, compared to $1.2 million related to the closure of a facility and $0.3 million of other significant transaction-related expenses in the same period in 2024.
Previous wording
•The impact of foreign currencies weakening against the U.S. dollar resulted in a $0.3 million decrease in general and administrative expense during the six months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.3 million increase in general and administrative expense during the three months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of significant transaction-related expenses and foreign currency, general and administrative expense increased $12.8 million, or 27%, for the six months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of cost reduction strategies, significant transaction-related expenses, and foreign currency, general and administrative expense for the three months ended September 30, 2025, was flat compared to the same period in 2024.
Previous wording
Interest expense for the three months ended June 30, 2025, decreased $3.9 million, or 21%, as compared to the same period in 2024, primarily due to lower comparative debt balances during 2025 as well as a decrease in interest rates.
Current wording
Interest expense for the three months ended September 30, 2025, decreased $3.5 million, or 19%, as compared to the same period in 2024, primarily due to lower comparative debt balances during 2025 as well as a decrease in interest rates.
Previous wording
Interest income includes the portion of software license fees paid by customers under extended payment terms that is attributed to the significant financing component. Interest income for the three months ended June 30, 2025, remained flat as compared to the same period in 2024.
Current wording
Interest income includes the portion of software license fees paid by customers under extended payment terms that is attributed to the significant financing component. Interest income for the three months ended September 30, 2025, was flat compared to the same period in 2024.
Previous wording
Other, net is primarily comprised of foreign currency transaction gains and losses. During the three months ended June 30, 2025, other, net also included the $1.1 million loss on extinguishment of debt as a result of the redemption of the 2026 Notes. Other, net was $6.4 million of expense and $1.2 million of income for the three months ended June 30, 2025 and 2024, respectively.
Current wording
Other, net is primarily comprised of foreign currency transaction gains and losses. Other, net was $1.6 million of income and $0.8 million of expense for the three months ended September 30, 2025 and 2024, respectively.
Previous wording
Six Month Period Ended June 30, 2025 Compared to the Six Month Period Ended June 30, 2024
Current wording
Nine Month Period Ended September 30, 2025 Compared to the Nine Month Period Ended September 30, 2024
Previous wording
•The impact of certain foreign currencies strengthening against the U.S. dollar resulted in $0.5 million increase in SaaS and PaaS revenue during the six months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The impact of certain foreign currencies strengthening against the U.S. dollar resulted in $1.4 million increase in SaaS and PaaS revenue during the nine months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Adjusted for the impact of foreign currency, SaaS and PaaS revenue for the six months ended June 30, 2025, increased $56.7 million, or 13%, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of foreign currency, SaaS and PaaS revenue for the nine months ended September 30, 2025, increased $79.4 million, or 12%, as compared to the same period in 2024.
Previous wording
•The increase was primarily driven by new customer go-lives since June 30, 2024, and higher transaction volumes during the six months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The increase was primarily driven by new customer go-lives since September 30, 2024, and higher transaction volumes during the nine months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•The increase was driven by the relative size of new license and capacity events during the six months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•The increase was driven by the relative size of new license and capacity events during the nine months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
Services revenue decreased $0.9 million, or 4%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
Maintenance revenue increased $6.4 million, or 4%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
Selling and marketing expense increased $0.2 million, or 1%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
Services revenue decreased $0.4 million, or 1%, during the nine months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•Total operating expenses for the six months ended June 30, 2025, included $5.1 million for cost reduction strategies and $0.4 million of other significant transaction-related expenses, compared to $3.0 million for cost reduction strategies and $0.7 million of other significant transaction-related expenses for the same period in 2024.
Current wording
•Total operating expenses for the nine months ended September 30, 2025, included $6.3 million for cost reduction strategies and $0.5 million of other significant transaction-related expenses, compared to $8.6 million for cost reduction strategies and $1.0 million of other significant transaction-related expenses for the same period in 2024.
Previous wording
Total revenue for the six months ended June 30, 2025, increased $106.3 million, or 15%, as compared to the same period in 2024. The impact of foreign currencies was not meaningful to total revenue for the six months ended June 30, 2025.
Current wording
•The impact of fluctuations in foreign currencies was not significant to total operating expenses for the nine months ended September 30, 2025, as compared to the same period in 2024.
Previous wording
•The increase was primarily due to higher payment card interchange and personnel and related expenses of $45.3 million and $8.9 million, respectively.
Current wording
•The increase was primarily due to higher payment card interchange and personnel and related expenses of $63.5 million and $16.1 million, respectively.
Previous wording
R&D expense increased $9.6 million, or 14%, during the six months ended June 30, 2025, as compared to the same period in 2024.
Current wording
R&D expense increased $14.5 million, or 13%, during the nine months ended September 30, 2025, as compared to the same period in 2024, primarily due to higher personnel and related expenses.
Previous wording
•General and administrative expenses for the six months ended June 30, 2025, included $5.1 million for cost reduction strategies and $0.4 million of other significant transaction-related expenses, compared to $3.0 million for cost reduction strategies and $0.7 million of other significant transaction-related expenses during the same period in 2024.
Current wording
•General and administrative expenses for the nine months ended September 30, 2025, included $6.3 million for cost reduction strategies and $0.5 million of other significant transaction-related expenses, compared to $4.3 million for cost reduction strategies and $1.0 million of other significant transaction-related expenses during the same period in 2024.
Previous wording
•Adjusted for the impact of significant transaction-related expenses, general and administrative expense increased $8.0 million, or 33%, for the three months ended June 30, 2025, as compared to the same period in 2024.
Current wording
•Adjusted for the impact of cost reduction strategies and significant transaction-related expenses, general and administrative expense for the nine months ended September 30, 2025, increased $12.9 million, or 16%, as compared to the same period in 2024.
Previous wording
•The increase was primarily due to higher personnel and related expenses of $10.1 million, including a $6.1 million increase in stock-based compensation expense, as well as an increase in professional and other legal fees of $2.7 million.
Current wording
•The increase was primarily due to higher personnel and related expenses of $11.3 million, including a $8.4 million increase in stock-based compensation expense, as well as an increase in professional fees of $1.6 million.
Showing the first 40 of 53 pairs. Open the source sections for the rest.
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
•The impact of foreign currencies strengthening against the U.S. dollar resulted in a $0.4 million increase in services revenue during the nine months ended September 30, 2025, as compared to the same period in 2024.
Current report — wording carried from elsewhere
On October 31, 2025, the Board of Directors approved $500.0 million for the stock repurchase program in place of the remaining purchase amounts previously authorized.
Rearranged previous paragraphs (2)
Previous report — wording carried elsewhere
Depreciation and amortization decreased $3.5 million, or 13%, during the three months ended June 30, 2025, as compared to the same period in 2024.
Previous report — wording carried elsewhere
•The increase was primarily due to higher personnel and related expenses.