ONE STOP SYSTEMS, INC.

Previous wording

General and administrative expense consists primarily of employee compensation and related expenses for administrative functions including finance, legal, human resources, and fees for third-party professional services, as well as certain shared expenses which are allocated to general and administrative expense. We expect our general and administrative expense to increase in absolute dollars as we continue to invest in growing the business.

Current wording

General and administrative expense consists primarily of employee compensation and related expenses for administrative functions including finance, legal, human resources, and fees for third-party professional services, as well as certain shared expenses which are allocated to general and administrative expense.

Previous wording

Legal settlement consists of the Company's obligations under the settlement agreement term sheet entered into with Disguise Systems Limited and Disguise Technologies Limited.

Current wording

Legal settlement consists of the Company's obligations under the settlement agreement entered into with Disguise Systems Limited and Disguise Technologies Limited.

Previous wording

Other income (expense), net consists of miscellaneous income and expense associated with activities outside of our core business, including interest income on our investment balances.

Current wording

Other income (expense), net consists of miscellaneous income and expense associated with activities outside of our core business, including interest income on our investment balances and interest expense from borrowings on our line of credit.

Previous wording

The following tables set forth our results of operations for the three and six month periods ended June 30, 2026 and 2025, presented in dollars and as a percentage of revenue, respectively.

Current wording

The following tables set forth our results of operations for the three and nine month periods ended September 30, 2026 and 2025, presented in dollars and as a percentage of revenue, respectively.

Previous wording

Comparison of the Three and Six Month Periods Ended June 30, 2026 and 2025 from Continuing Operations:

Current wording

Comparison of the Three and Nine Month Periods Ended September 30, 2026 and 2025 from Continuing Operations:

Previous wording

For the three month period ended June 30, 2026, our total revenue increased $3,587,840, or 62%, as compared to the same period in 2025. This increase was driven by revenue generated from new customers in 2026 and from higher revenue with existing customers as certain programs ramped from prototypes into initial production. Key drivers of the revenue increase included: 1) higher sales to a medical imaging OEM of liquid-cooled server products to support a breast cancer screening application, as the customer moved from initial prototypes in 2025 to production in 2026; 2) sales with a new customer for short-depth server products engineered for military applications onboard naval vessels and aircraft; 3) sales with a new customer for compute products to support autonomous construction and mining equipment; and 4) higher revenue from customer-funded development programs.

Current wording

For the three month period ended September 30, 2026, our total revenue increased $3,321,001, or 36%, as compared to the same period in 2025. This increase was driven by revenue generated from new customers in 2026 and from higher production volumes with certain existing customers. Key drivers of the revenue increase included: 1) initial deliveries of server and expansion products to a new customer developing a network of autonomous energy nodes engineered to power compute payloads, 2) higher production deliveries to a commercial aerospace customer of compute products designed to support in-flight entertainment systems, and 3) higher sales to a medical imaging OEM of liquid-cooled server products to support a breast cancer screening application. These increases were partially offset by lower revenues related to the development and production of custom server products for a defense customer, due to the timing of orders and execution.

Previous wording

For the six month period ended June 30, 2026, our total revenue increased $6,450,641, or 59%, as compared to the same period in 2025. This increase was driven by revenue generated from new customers in 2026 and from higher production volume with certain existing customers. Key drivers of the revenue increase included: 1) higher sales to a defense prime customer of data storage products to support the P-8A Poseidon reconnaissance aircraft; 2) higher sales to a medical imaging OEM of liquid-cooled server products to support a breast cancer screening application, as the customer moved from initial prototypes in 2025 to production in 2026; 3) sales with a new customer for short-depth server products engineered for military applications onboard naval vessels and aircraft; and 4) higher revenue from customer-funded development programs.

Current wording

For the nine month period ended September 30, 2026, our total revenue increased $9,771,641, or 48%, as compared to the same period in 2025. This increase was driven by revenue generated from new customers in 2026 and from higher production volume with certain existing customers. Key drivers of the revenue increase included: 1) higher sales to a defense prime customer of data storage products to support the P-8A Poseidon reconnaissance aircraft; 2) higher sales to a medical imaging OEM of liquid-cooled server products to support a breast cancer screening application, as the customer moved from initial prototypes in 2025 to production in 2026; 3) sales with a new customer for short-depth server products engineered for military applications onboard naval vessels and aircraft, 4) initial deliveries of server and expansion products to a new customer developing a network of autonomous energy nodes engineered to power compute payloads; and 5) higher revenue from customer-funded development programs. These increases were partially offset by lower revenues related to the development and production of custom server products for a defense customer, due to the timing of orders and execution.

Previous wording

Gross profit increased $3,067,517, or 65%, for the six months ended June 30, 2026, as compared to the same period in 2025. Gross margin percentage was 44.9% for the six months ended June 30, 2026, as compared to 43.3% for the same period in 2025. The increase in gross margin percentage was primarily driven by engineering efficiencies realized on certain of our customer-funded development programs and more favorable manufacturing absorption due to higher production volume.

Current wording

Gross profit increased $1,136,469, or 27%, for the three months ended September 30, 2026 as compared to the same period in 2025. Gross margin percentage was 42.6% for the three months ended September 30, 2026, as compared to 45.6% for the same period in 2025. The decrease in gross margin percentage was primarily driven by product mix, partially offset by more favorable manufacturing absorption.

Previous wording

Gross profit increased $1,269,167, or 53%, for the three months ended June 30, 2026 as compared to the same period in 2025. Gross margin percentage was 39.1% for the three months ended June 30, 2026, as compared to 41.3% for the same period in 2025. The decrease in gross margin percentage was primarily driven by product mix, including a higher volume of customer-funded development programs in the current year period. This was partially offset by more favorable manufacturing absorption due to higher production volume and higher usage of reserved inventory to fulfill customer orders.

Current wording

Gross profit increased $4,203,984, or 47%, for the nine months ended September 30, 2026, as compared to the same period in 2025. Gross margin percentage was 43.9% for the nine months ended September 30, 2026, as compared to 44.4% for the same period in 2025. The decrease in gross margin percentage was primarily driven by product mix, including a higher volume of prototype and initial production deliveries in the current year period. This was partially offset by more favorable manufacturing absorption and higher engineering efficiencies on customer-funded development programs.

Previous wording

General and administrative expense increased $546,439, or 28.6%, for the three months ended June 30, 2026, as compared to the same period in 2025. This increase was primarily attributable to higher stock-based compensation expense due a higher grant date fair value of RSUs expensed in the current year period. The increase was also driven by higher fees associated with increased usage of professional services. General and administrative expense decreased as a percentage of revenue to 26.2% for the three months ended June 30, 2026, as compared to 33.1% for the same period in 2025.

Current wording

General and administrative expense increased $2,545,428, or 45.9%, for the nine months ended September 30, 2026, as compared to the same period in 2025. This increase was primarily attributable to: higher stock-based compensation expense due to a higher grant date fair value of RSUs expensed in the current year period; higher fees associated with increased usage of professional services, including legal fees associated with settlement of the legal dispute with a former customer; and higher bad debt expense, primarily driven by provision for a receivable with a former customer that entered bankruptcy. General and administrative expense decreased as a percentage of revenue to 27.0% for the nine months ended September 30, 2026, as compared to 27.4% for the same period in 2025.

Previous wording

Legal settlement expense for the three and six month periods ended June 30, 2026 consists of the company's obligations under a settlement agreement term sheet entered into with Disguise Systems Limited and Disguise Technologies Limited. Pursuant to the Term Sheet, the Company will, without any admission of wrongdoing or liability, pay or cause to be paid to Disguise a net monetary payment of $6,250,000 US, in a single lump sum payment by the Company, due and owing to Disguise, within thirty (30) days of a fully executed definitive settlement agreement. The value of this settlement was accrued as an expense in the three month period ended June 30, 2026.

Current wording

Legal settlement expense for the nine month period ended September 30, 2026 consists of the Company's obligations under a settlement agreement entered into with Disguise Systems Limited and Disguise Technologies Limited. Pursuant to the settlement agreement, the Company, without any admission of wrongdoing or liability, paid to Disguise a monetary payment of $6,250,000. The value of this settlement was expensed and paid in the nine month period ended September 30, 2026.

Previous wording

Marketing and selling expense increased $77,288, or 2.4%, for the six months ended June 30, 2026, as compared to the same period in 2025. This increase was primarily attributable to higher trade show and marketing expenses, as well as higher personnel expenses, partially offset by lower expenses related to demonstration materials. Marketing and selling expense decreased as a percentage of revenue to 19.2% for the six months ended June 30, 2026, as compared to 29.8% for the same period in 2025.

Current wording

Marketing and selling expense increased $337,179, or 6.9%, for the nine months ended September 30, 2026, as compared to the same period in 2025. This increase was attributable to higher stock-based compensation expense due to a higher grant date fair value of RSUs expensed in the current year period, higher personnel expenses driven by additional sales personnel, higher commissions paid to employees, and higher travel expenses. These increases were partially offset by lower expenses related to demonstration materials. Marketing and selling expense decreased as a percentage of revenue to 17.5% for the nine months ended September 30, 2026, as compared to 24.2% for the same period in 2025.

Previous wording

Research and development expense decreased $897,073, or 34.9%, for the six months ended June 30, 2026, as compared to the same period in 2025. This decrease was primarily attributable to the deployment of engineering labor onto customer-funded development programs in 2026 and the non-recurrence of certain targeted investments in internal new product development, as well as engineering headcount reductions. Research and development expense decreased as a percentage of revenue to 9.6% for the six months ended June 30, 2026, as compared to 23.4% for the same period in 2025.

Current wording

Research and development expense decreased $161,804, or 12.7%, for the three months ended September 30, 2026, as compared to the same period in 2025. This decrease was primarily attributable to the non-recurrence of certain targeted investments in internal new product development. Research and development expense decreased as a percentage of revenue to 8.8% for the three months ended September 30, 2026, as compared to 13.7% for the same period in 2025.

Previous wording

Research and development expense decreased $508,970, or 37.4%, for the three months ended June 30, 2026, as compared to the same period in 2025. This decrease was primarily attributable to the deployment of engineering labor onto customer-funded development programs in 2026 and the non-recurrence of certain targeted investments in internal new product development, as well as engineering headcount reductions. Research and development expense decreased as a percentage of revenue to 9.1% for the three months ended June 30, 2026, as compared to 23.6% for the same period in 2025.

Current wording

Research and development expense decreased $1,058,877, or 27.6%, for the nine months ended September 30, 2026, as compared to the same period in 2025. This decrease was primarily attributable to the deployment of engineering labor onto customer-funded development programs in 2026 and the non-recurrence of certain targeted investments in internal new product development. Research and development expense decreased as a percentage of revenue to 9.3% for the nine months ended September 30, 2026, as compared to 19% for the same period in 2025.

Previous wording

Interest income increased $264,394 for the three months ended June 30, 2026, as compared to the same period in 2025. This increase is primarily attributable to higher investment and cash balances as a result of: 1) the sale of Bressner completed on December 30, 2025 and 2) the proceeds from the registered direct offering of common stock completed on October 1, 2025.

Current wording

Interest income increased $206,137 for the three months ended September 30, 2026, as compared to the same period in 2025. This increase is primarily attributable to higher investment and cash balances as a result of: 1) the sale of Bressner completed on December 30, 2025 and 2) the proceeds from the registered direct offering of common stock completed on October 1, 2025.

Previous wording

Interest income increased $487,466 for the six months ended June 30, 2026, as compared to the same period in 2025. This increase is primarily attributable to higher investment and cash balances as a result of: 1) the sale of Bressner completed on December 30, 2025 and 2) the proceeds from the registered direct offering of common stock completed on October 1, 2025.

Current wording

Interest income increased $693,603 for the nine months ended September 30, 2026, as compared to the same period in 2025. This increase is primarily attributable to higher investment and cash balances as a result of: 1) the sale of Bressner completed on December 30, 2025 and 2) the proceeds from the registered direct offering of common stock completed on October 1, 2025.

Previous wording

Other income (expense), for the six months ended June 30, 2026 resulted in net other income of $49,993, as compared to net other income of $20,663 in the same period in 2025, for an increase in net other income of $29,330. This increase was primarily attributable to changes in foreign currency gains and losses, as well as higher rebates.

Current wording

Other income (expense), for the three months ended September 30, 2026 resulted in net other expense of $1,594, as compared to net other expense of $4,263 in the same period in 2025. This change was primarily attributable to changes in foreign currency gains and losses.

Previous wording

Other income (expense), for the three months ended June 30, 2026 resulted in net other income of $37,532, as compared to net other income of $21,930 in the same period in 2025, for an increase in net other income of $15,602. This increase was primarily attributable to changes in foreign currency gains and losses, as well as higher rebates.

Current wording

Other income (expense), for the nine months ended September 30, 2026 resulted in net other income of $48,399, as compared to net other income of $16,400 in the same period in 2025. This increase was primarily attributable to changes in foreign currency gains and losses, as well as higher rebates.

Previous wording

There was no income or loss from discontinued operations, net of income taxes in the three months ended June 30, 2026. Income from discontinued operations, net of income taxes was $453,421 for the three months ended June 30, 2025. Income in the prior year period resulted from the operations of the Bressner business, which was divested on December 30, 2025.

Current wording

There was no income or loss from discontinued operations, net of income taxes in the three months ended September 30, 2026. Income from discontinued operations, net of income taxes was $644,206 for the three months ended September 30, 2025. Income in the prior year period resulted from the operations of the Bressner business, which was divested on December 30, 2025.

Previous wording

Loss from discontinued operations, net of income taxes was $157,274 in the six months ended June 30, 2026, compared to income of $715,181 for the same period in 2025. The loss in the current year period was due to post-transaction adjustments to the gain on sale of the Bressner business for final net working capital balances. Income in the prior year period resulted from the operations of the Bressner business, which was divested on December 30, 2025.

Current wording

Loss from discontinued operations, net of income taxes was $157,274 in the nine months ended September 30, 2026, compared to income of $1,359,387 for the same period in 2025. The loss in the current year period was due to post-transaction adjustments to the gain on sale of the Bressner business for final net working capital balances. Income in the prior year period resulted from the operations of the Bressner business, which was divested on December 30, 2025.

Previous wording

Historically, our primary sources of liquidity have been provided by public and private offerings of our securities and revenues generated from our business operations. In December 2025, we also received cash from the sale of our Bressner subsidiary. As of June 30, 2026, we had total cash and cash equivalents of $17,279,139; short-term investments of $14,128,617; and total working capital of $38,082,133.

Current wording

Historically, our primary sources of liquidity have been provided by public and private offerings of our securities and revenues generated from our business operations. In December 2025, we also received cash from the sale of our Bressner subsidiary. As of September 30, 2026, we had total cash and cash equivalents of $5,637,841; short-term investments of $13,246,688; and total working capital of $37,858,404.

Previous wording

Additionally, in August 2023, we filed a new registration statement on Form S-3 (Registration No. 333-274073) with the SEC, which became effective on August 25, 2023, and allows us to offer and sell up to an aggregate of $100,000,000 of our common stock, preferred stock, debt securities, warrants to purchase our common stock, preferred stock or debt securities, subscription rights to purchase our common stock, preferred stock or debt securities and/or units consisting of some or all of these securities, in any combination, together or separately, in one or more offerings, in amounts, at prices and on the terms that we will determine at the time of the offering and which will be set forth in a prospectus supplement and any related free writing prospectus. In the event that we need additional financing, we may choose to consummate an offering of our securities under the registration statement on S-3 in order to raise capital.

Current wording

Additionally, in August 2023, we filed a new registration statement on Form S-3 (Registration No. 333-274073) with the SEC, which became effective on August 25, 2023, and allowed us to offer and sell up to an aggregate of $100,000,000 of our common stock, preferred stock, debt securities, warrants to purchase our common stock, preferred stock or debt securities, subscription rights to purchase our common stock, preferred stock or debt securities and/or units consisting of some or all of these securities, in any combination, together or separately, in one or more offerings, in amounts, at prices and on the terms that we will determine at the time of the offering and which will be set forth in a prospectus supplement and any related free writing prospectus. In August 2026, we filed a replacement registration statement (Registration No. 333-298543), which became effective on September 2, 2026. This replacement registration statement registered up to $100,000,000 of our common stock, consisting of $87,500,000 of unsold securities carried forward from the previous registration statement and $12,500,000 of additional securities.

Previous wording

The following table summarizes our cash flows for the six month periods ended June 30, 2026 and 2025:

Current wording

The following table summarizes our cash flows for the nine month periods ended September 30, 2026 and 2025:

Previous wording

During the six month period ended June 30, 2026, we used $629,138 in cash from continuing operating activities, compared to cash used in continuing operating activities of $2,773,914 for the same period in 2025.

Current wording

During the nine month period ended September 30, 2026, we used $12,448,392 in cash from continuing operating activities, compared to cash used in continuing operating activities of $5,939,676 for the same period in 2025. The increased usage of cash during the current year period was primarily driven by payment of $6,250,000 to satisfy obligations under a legal settlement with a former customer.

Previous wording

Net cash used in continuing operating activities during the six month period ended June 30, 2026 was the result of three components: 1) net loss from continuing operations of $7,682,247; 2) net adjustments to net loss from continuing operations for non-cash items of $1,831,691, of which the largest components were stock-based compensation expense of $1,516,341 and depreciation expense of $366,616; and 3) an decrease in net operating assets associated with continuing operations of $5,221,418. The decrease in net operating assets associated with continuing operations was primarily driven by an an accrual of $6,250,000 for a legal settlement, an increase in accounts payable due to the timing of payment to suppliers for inventory material, and a decrease in accounts receivable due to collections of billings from 2025. This was partially offset by increases in inventory to support deliveries planned in the second half of 2026.

Current wording

Net cash used in continuing operating activities during the nine month period ended September 30, 2026 was the result of three components: 1) net loss from continuing operations of $8,275,982, which includes $6,250,000 of legal settlement expense; 2) net adjustments to net loss from continuing operations for non-cash items of $3,162,358, of which the largest component was stock-based compensation expense of $2,425,963; and 3) cash usage from changes in net operating assets associated with continuing operations of $7,334,768. The cash usage from changes in net operating assets associated with continuing operations was primarily driven by increases in inventory to support future deliveries against customer orders.

Previous wording

During the six month period ended June 30, 2026, the Company used cash of $14,300,749 in continuing investing activities, as compared to $2,128,105 of cash provided by continuing investing activities during the same period in 2025. This change is primarily attributable to $14,175,356 of purchases of marketable securities during the six months ended June 30, 2026, as compared to $2,184,302 of sales of marketable securities in the same period in 2025.

Current wording

During the nine month period ended September 30, 2026, the Company used cash of $13,487,645 in continuing investing activities, as compared to $3,103,862 of cash provided by continuing investing activities during the same period in 2025. This change is primarily attributable to $13,296,773 of net purchases of marketable securities during the nine months ended September 30, 2026, as compared to $3,212,492 of sales of marketable securities in the same period in 2025.

Previous wording

During the six month period ended June 30, 2026, the Company used $1,008,676 in cash from continuing financing activities, compared to $697,303 of cash generated from continuing financing activities for the same period in 2025. The change was due to higher payments of withholding taxes on stock-based awards, driven primarily by a higher share price on the vesting date for employee restricted stock units which vested in the period. Additionally, the Company received lower proceeds from the exercise of stock options in the six month period ended June 30, 2026 as compared to the same period in 2025, due to a lower number of options exercised in the period.

Current wording

During the nine month period ended September 30, 2026, the Company used $1,643,824 in cash from continuing financing activities, compared to $1,513,011 of cash generated from continuing financing activities for the same period in 2025. The change was due to higher payments of withholding taxes on stock-based awards, driven primarily by a higher share price on the vesting date for employee restricted stock units which vested in the period. Additionally, the Company received lower proceeds from the exercise of stock options in the nine month period ended September 30, 2026 as compared to the same period in 2025, due to a lower number of options exercised in the period.

Previous wording

We have received notifications from certain of our suppliers of extended lead times for certain components used in our products. In late 2025, a global shortage of certain memory products resulting from datacenter build-out demand led to significant increases in lead times, pricing volatility, and significant price increases. We have worked with our suppliers to secure availability of supply, including through the negotiation of long-term agreements. While we attempt to pass on component cost increases to our customers, our ability to do so is dependent upon many factors, including market conditions for the Company's products.

Current wording

We have received notifications from certain of our suppliers of extended lead times for certain components used in our products. A global shortage of certain memory products resulting from datacenter build-out demand has led to significant increases in lead times, pricing volatility, and significant price increases. We have worked with our suppliers to secure availability of supply, including through the negotiation of long-term agreements. While we attempt to pass on component cost increases to our customers, our ability to do so is dependent upon many factors, including market conditions for the Company's products.

Previous wording

See Note 9 to the accompanying consolidated financial statements for a discussion regarding our stockholder transactions for the relevant periods.

Current wording

See Note 9 to the accompanying unaudited consolidated financial statements for a discussion regarding our stockholder transactions for the relevant periods.

Previous wording

At times, deposits held with financial institutions may exceed the amount of insurance provided by the Federal Deposit Insurance Corporation (“FDIC”) and Securities Investor Protection Corporation (“SIPC”), both of which provide basic deposit coverage with limits up to $250,000 per owner. As of June 30, 2026, the Company had $2,836,333 in cash in our accounts that exceeded the insurance limits. The Company has not experienced any losses in these accounts and believes that the financial institutions at which such amounts are held are stable; however, no assurances can be provided as to such.

Current wording

At times, deposits held with financial institutions may exceed the amount of insurance provided by the Federal Deposit Insurance Corporation (“FDIC”) and Securities Investor Protection Corporation (“SIPC”), both of which provide basic deposit coverage with limits up to $250,000 per owner. As of September 30, 2026, the Company had $3,762,842 in cash in our accounts that exceeded the insurance limits. The Company has not experienced any losses in these accounts and believes that the financial institutions at which such amounts are held are stable; however, no assurances can be provided as to such.

Previous wording

We operate primarily in the United States. Foreign sales of products and services are primarily denominated in U.S. dollars. We have previously conducted business outside the United States, primarily through Bressner, our former foreign subsidiary in Germany, which was sold on December 30, 2025 and is classified as discontinued operations. Bressner's business was largely transacted in non-U.S. dollar currencies, particularly the Euro, which is subject to fluctuations due to changes in foreign currency exchange rates. Accordingly, we have been subject to exposure from changes in the exchange rates of local currencies. Foreign currency transaction gains and losses associated with continuing operations are recorded in other income (expense), net in the consolidated statements of operations. Foreign currency transaction gains and losses associated with discontinued operations are recorded in income from discontinued operations, net of income taxes in the consolidated statements of operations.

Current wording

We operate primarily in the United States. Foreign sales of products and services are primarily denominated in U.S. dollars. We have previously conducted business outside the United States, primarily through Bressner, our former foreign subsidiary in Germany, which was sold on December 30, 2025 and is classified as discontinued operations. Bressner's business was largely transacted in non-U.S. dollar currencies, particularly the Euro, which is subject to fluctuations due to changes in foreign currency exchange rates. Accordingly, we have been subject to exposure from changes in the exchange rates of local currencies. Foreign currency transaction gains and losses associated with continuing operations are recorded in other income (expense), net in the unaudited consolidated statements of operations. Foreign currency transaction gains and losses associated with discontinued operations are recorded in income from discontinued operations, net of income taxes in the consolidated statements of operations.

Previous wording

Adjusted EBITDA associated with our continuing operations for the three and six month periods ended June 30, 2026 and 2025 was as follows:

Current wording

Adjusted EBITDA associated with our continuing operations for the three and nine month periods ended September 30, 2026 and 2025 was as follows:

Previous wording

Adjusted EBITDA associated with discontinued operations for the three and six month periods ended June 30, 2026 and 2025 was as follows:

Current wording

Adjusted EBITDA associated with discontinued operations for the three and nine month periods ended September 30, 2026 and 2025 was as follows:

Previous wording

Consolidated adjusted EBITDA from continuing and discontinued operations for the three and six month periods ended June 30, 2026 and 2025 was as follows:

Current wording

Consolidated adjusted EBITDA from continuing and discontinued operations for the three and nine month periods ended September 30, 2026 and 2025 was as follows:

Previous wording

The following table reconciles loss from continuing operations to non-GAAP adjusted net income (loss) from continuing operations and basic and diluted earnings per share for the three and six month periods ended June 30, 2026 and 2025:

Current wording

The following table reconciles loss from continuing operations to non-GAAP adjusted net income (loss) from continuing operations and basic and diluted earnings per share for the three and nine month periods ended September 30, 2026 and 2025:

Previous wording

The following table reconciles income from discontinued operations to non-GAAP adjusted net income from discontinued operations and basic and diluted earnings per share for the three and six month periods ended June 30, 2026 and 2025:

Current wording

The following table reconciles income from discontinued operations to non-GAAP adjusted net income from discontinued operations and basic and diluted earnings per share for the three and nine month periods ended September 30, 2026 and 2025:

Previous wording

The following table reconciles net income to non-GAAP adjusted net income and basic and diluted earnings per share for the three and six month periods ended June 30, 2026 and 2025:

Current wording

The following table reconciles net income to non-GAAP adjusted net income and basic and diluted earnings per share for the three and nine month periods ended September 30, 2026 and 2025:

Previous wording

The following table reconciles cash provided by or used in continuing operating activities to free cash flow for the six month periods ended June 30, 2026 and 2025:

Current wording

The following table reconciles cash provided by or used in continuing operating activities to free cash flow for the nine month periods ended September 30, 2026 and 2025:

Previous wording

The following table reconciles cash provided by discontinued operating activities to free cash flow for the six month periods ended June 30, 2026 and 2025:

Current wording

The following table reconciles cash provided by discontinued operating activities to free cash flow for the nine month periods ended September 30, 2026 and 2025: