Star Equity Holdings, Inc.

Previous wording

Star Equity Holdings, Inc. (“Star,” the “Company,” “we,” “our”, formerly known as Hudson Global, Inc. ("Hudson")) is a diversified multi-industry holding company with four divisions. Our Building Solutions division operates in the construction industry. Our Business Services division delivers Recruitment Process Outsourcing (“RPO”) services consisting of recruitment and contracting solutions tailored to the individual needs of primarily mid-to-large multinational companies. Our Energy Services division consists of Alliance Drilling Tools, Inc. (“ADT’). In addition, we have an Investments segment, which holds and manages certain of our corporate-owned real estate, and manages internally-funded, concentrated minority investments in a small number of public companies.

Current wording

Star Equity Holdings, Inc. (“Star,” the “Company,” “we,” “our”, formerly known as Hudson Global, Inc. ("Hudson")) is a diversified multi-industry holding company with four segments. Our Building Solutions segment operates in the construction industry. Our Business Services segment delivers Recruitment Process Outsourcing (“RPO”) services consisting of recruitment and contracting solutions tailored to the individual needs of primarily mid-to-large multinational companies. Our Energy Services segment consists of Alliance Drilling Tools, Inc. (“ADT’). In addition, we have an Investments segment, which holds and manages certain of our corporate-owned real estate, and manages internally funded, concentrated minority investments in a small number of public companies.

Previous wording

Pursuant to the terms of the Merger Agreement, at the Effective Time, (i) each share of common stock of SOC issued and outstanding immediately prior to the Effective Time (other than certain shares as set forth in the Merger Agreement) were automatically converted into the right to receive 0.23 shares of Star common stock and (ii) each share of preferred stock of SOC issued and outstanding immediately prior to the Effective Time (other than certain shares set forth in the Merger Agreement) were automatically converted into the right to receive one (1) share of Star 10% Series A Cumulative Perpetual preferred stock (“Preferred Stock”). As a result of the Merger, former SOC common stockholders received approximately 744,291 shares of Star common stock for their SOC common shares and former SOC preferred stock stockholders received approximately

Current wording

Pursuant to the terms of the Merger Agreement, at the Effective Time, (i) each share of common stock of SOC issued and outstanding immediately prior to the Effective Time (other than certain shares as set forth in the Merger Agreement) were automatically converted into the right to receive 0.23 shares of Star common stock and (ii) each share of preferred stock of SOC issued and outstanding immediately prior to the Effective Time (other than certain shares set forth in the Merger Agreement) were automatically converted into the right to receive one (1) share of Star 10% Series A Cumulative Perpetual preferred stock (“Preferred Stock”). As a result of the Merger, former SOC common stockholders received approximately 744,291 shares of Star common stock for their SOC common shares and former SOC preferred stockholders received approximately 2,690,637

Previous wording

2,690,637 shares of Star Preferred Stock. No fractional shares of Star common stock were issued in the Merger, and SOC stockholders became entitled to receive cash in lieu of fractional shares in accordance with the Merger Agreement.

Current wording

shares of Star Preferred Stock. No fractional shares of Star common stock were issued in the Merger, and SOC stockholders became entitled to receive cash in lieu of fractional shares in accordance with the Merger Agreement.

Previous wording

Our Investments segment holds and manages certain of our corporate-owned real estate, including a manufacturing facility in Maine that is leased to KBS and a manufacturing facility in Wisconsin that is leased to TT. The Investments division manages internally-funded, concentrated minority investments in a small number of public companies. It also holds and manages a promissory note and a private equity stake in Catalyst. SOC acquired these interests in May 2023 as a result of the sale of Digirad Health. Our Investments division also holds an investment in Enservco Corporation consisting of an investment in Enservco Common Stock, an investment in Enservco Preferred Stock, and an investment in a call option, all of which were acquired in the third quarter of 2024 and which is discussed in Note 18, Supplementary Balance Sheet Informationto the notes to our accompanying condensed consolidated financial statements.

Current wording

Our Investments segment holds and manages certain of our corporate-owned real estate, including a manufacturing facility in Maine that is leased to KBS and a manufacturing facility in Wisconsin that is leased to TT. The Investments segment manages internally funded, concentrated minority investments in a small number of public companies. It also holds and manages a promissory note and a private equity stake in Catalyst. SOC acquired these interests in May 2023 as a result of the sale of Digirad Health. Our Investments segment also holds an investment in Enservco Corporation consisting of an investment in Enservco Common Stock, an investment in Enservco Preferred Stock, and an investment in a call option, all of which were acquired in the third quarter of 2024 and are discussed in Note 18, Supplementary Balance Sheet Informationto the notes to our accompanying condensed consolidated financial statements.

Previous wording

We continue to explore all strategic alternatives to maximize value for the Company’s stockholders, including without limitation, improving the market position and profitability of our services in the marketplace, and enhancing our valuation. We may pursue our goals through organic growth, strategic initiatives, or other alternatives. Additionally, we will continue to monitor capital markets for opportunities to repurchase shares, and consider other actions designed to enhance value to our stockholders, as well as review information regarding potential acquisitions or combinations, and provide information to third parties regarding potential dispositions of assets or business lines, from time to time.

Current wording

We continue to explore all strategic alternatives to maximize value for the Company’s stockholders, including without limitation, improving the market position and profitability of our services in the marketplace, and enhancing our valuation. We may pursue our goals through organic growth, strategic initiatives, or other alternatives. Additionally, we will continue to monitor capital markets for opportunities to repurchase shares, and consider other actions designed to enhance value to our stockholders, as well as review information regarding potential acquisitions or combinations, and provide information to third parties regarding potential dispositions of assets or business lines, from time to time. On August 14, 2026, the Company, HH Merger Sub, and Harte Hanks entered into the HH Merger Agreement providing for the HH Merger. See Note 21, Subsequent Events, within the notes to our Condensed Consolidated Financial Statements for a summary of the HH Merger Agreement.

Previous wording

This MD&A discusses the results of the Company’s business for the three months ended March 31, 2026 and 2025.

Current wording

This MD&A discusses the results of the Company’s business for the three and six months ended June 30, 2026 and 2025.

Previous wording

We believe our diversified multi-industry holding company structure allows Star management to focus on capital allocation, strategic leadership, mergers and acquisitions, capital markets, and investor relations, as well as management of our Investments division. Our structure frees up our operating company management teams to focus on their respective businesses, look for organic and bolt-on growth opportunities, and improve operations with less distraction and administrative burden associated with running a public company.

Current wording

We believe our diversified multi-industry holding company structure allows Star management to focus on capital allocation, strategic leadership, mergers and acquisitions, capital markets, and investor relations, as well as management of our Investments segment. Our structure frees up our operating company management teams to focus on their respective businesses, look for organic and bolt-on growth opportunities, and improve operations with less distraction and administrative burden associated with running a public company.

Previous wording

•Introduction of new services. In the Building Solutions division, we will consider opportunities to augment our service offerings to better serve our customer base. We have done this in the New England market with our entry into the commercial multi-family segment. Other areas might include logistics, on-site installation, and manufacturing of sub-components.

Current wording

•Introduction of new services. In the Building Solutions segment, we will consider opportunities to augment our service offerings to better serve our customer base. We have done this in the New England market with our entry into the commercial multi-family segment. Other areas might include logistics, on-site installation, and manufacturing of sub-components.

Previous wording

The Modular Building Institute has estimated that permanent modular construction increased as a percentage of the construction industry from 2.14% in 2015 to 6.64% as of the end of 2023. In turn, in our Building Solutions division, we continue to see a greater acceptance of offsite or prefab construction in single-family and multi-family residential building projects in our target markets. Our modular units and structural wall panels offer builders a number of benefits over traditional onsite or “stick built” construction. These include shorter time to market, higher quality, reduced waste, and potential cost savings. Additionally, technological advancements including 3D modeling software and developments in engineered wood products offer greater design flexibility for higher-end applications. The need for more affordable housing solutions also presents opportunities for the continued growth of factory-built housing.

Current wording

The Modular Building Institute has estimated that permanent modular construction increased as a percentage of the construction industry from 2.14% in 2015 to 6.64% as of the end of 2023. In turn, in our Building Solutions segment, we continue to see a greater acceptance of offsite or prefab construction in single-family and multi-family residential building projects in our target markets. Our modular units and structural wall panels offer builders a number of benefits over traditional onsite or “stick built” construction. These include shorter time to market, higher quality, reduced waste, and potential cost savings. Additionally, technological advancements including 3D modeling software and developments in engineered wood products offer greater design flexibility for higher-end applications. The need for more affordable housing solutions also presents opportunities for the continued growth of factory-built housing.

Previous wording

In our Business Services segment, our clients’ demands for RPO and contracting services largely depend on the market conditions and the strength of the labor markets in the countries where we operate. In 2026, the market conditions remained challenging due to persistent inflation, market uncertainty related to trade disruptions, and decreased demand for labor in certain markets. We anticipate that these challenging market conditions will continue into 2026.

Current wording

In our Business Services segment, our clients’ demands for RPO and contracting services largely depend on the market conditions and the strength of the labor markets in the countries where we operate. In the first six months of 2026, the market conditions remained challenging due to persistent inflation, market uncertainty related to trade disruptions, and decreased demand for labor in certain markets. We anticipate that these challenging market conditions will continue into the second half of 2026.

Previous wording

In our Energy Services segment, demand for our products is closely tied to oil prices, as customer drilling activity and capital spending are influenced by prevailing market conditions. Higher and stable oil prices generally support increased drilling and tool utilization, while lower or volatile prices may reduce activity and negatively impact our revenues and operating results. The demand for our Energy Services offerings is tied in part to oil and gas prices, drilling activity, and capital expenditures by E&P companies. In June 2025, Baker Hughes reported that the total U.S. rig count was down 4% year-over-year. During 2026, improved oil prices contributed to increased customer activity, and the segment delivered strong performance.

Current wording

In our Energy Services segment, demand for our products is closely tied to oil prices, as customer drilling activity and capital spending are influenced by prevailing market conditions. Higher and stable oil prices generally support increased drilling and tool utilization, while lower or volatile prices may reduce activity and negatively impact our revenues and operating results. The demand for our Energy Services offerings is tied in part to oil and gas prices, drilling activity, and capital expenditures by E&P companies. In June 2025, Baker Hughes reported that the total U.S. rig count was down 4% year-over-year. During the first six months of 2026, improved oil prices contributed to increased customer activity, and the segment delivered strong performance.

Previous wording

• Revenue was $50.1 million for the three months ended March 31, 2026, compared to $31.9 million for the same period in 2025, an increase of $18.2 million, or 57.1%. The increase in revenue was principally driven by the inclusion of revenues from the Star Operating Companies acquisition, which contributed 47 percentage points to the revenue growth.

Current wording

• Revenue was $54.9 million for the three months ended June 30, 2026, compared to $35.5 million for the same period in 2025, an increase of $19.4 million, or 54.6%. The increase in revenue was principally driven by the inclusion of revenues from the Star Operating Companies acquisition, which contributed 52 percentage points to the revenue growth.

Previous wording

• Gross profit was $20.6 million for the three months ended March 31, 2026, compared to $16.4 million for the same period in 2025, an increase of $4.2 million, or 25.4%. The increase in gross profit was driven by the acquisition of Star Operating Companies, which increased gross profit growth by 19 percentage points.

Current wording

• Gross profit was $22.8 million for the three months ended June 30, 2026, compared to $18.6 million for the same period in 2025, an increase of $4.2 million, or 22.3%. The increase in gross profit was driven by the acquisition of Star Operating Companies, which increased gross profit growth by 27 percentage points.

Previous wording

• Selling, general and administrative expenses (including salaries and related expenses) and other non-operating income (expense) (“SG&A and Non-Op”) was $24.3 million for the three months ended March 31, 2026, compared to 17.9 million for the same period in 2025, an increase of 6.4 million, or 35.6%. The acquisitions of our Building Solutions, Energy Services, and Investments segments collectively contributed 24 percentage points to the increase in SG&A and Non-Op.

Current wording

• Selling, general and administrative expenses (including salaries and related expenses) and other non-operating income (expense) (“SG&A and Non-Op”) was $24.0 million for the three months ended June 30, 2026, compared to $18.8 million for the same period in 2025, an increase of $5.3 million, or 28.0%. The acquisitions of our Building Solutions, Energy Services, and Investments segments collectively contributed 25 percentage points to the increase in SG&A and Non-Op.

Previous wording

• Net loss was $3.8 million for the three months ended March 31, 2026, compared to net loss of $1.8 million for the same period in 2025, an increase in net loss of $2.0 million.

Current wording

• Net loss was $1.8 million for the three months ended June 30, 2026, compared to net loss of $0.7 million for the same period in 2025, an increase in net loss of $1.2 million.

Previous wording

• EBITDA loss was $3.1 million for the three months ended March 31, 2026, compared to EBITDA loss of $1.5 million for the same period in 2025, an increase in EBITDA loss of $1.6 million.

Current wording

• EBITDA loss was $0.6 million for the three months ended June 30, 2026, compared to EBITDA loss of $0.2 million for the same period in 2025, an increase in EBITDA loss of $0.5 million.

Previous wording

For the three months ended March 31, 2026, Building Solutions contributed $11.6 million to the Company's revenue. The segment faced several headwinds during the quarter that constrained revenue generation. Weather-related disruptions and seasonal road restrictions limited the ability to execute on scheduled projects in certain geographies. Additionally, project timing delays resulted in deferred revenue recognition as customer-driven scheduling shifts pushed work into subsequent quarters. The quarter was also characterized by challenging macroeconomic conditions that weighed on customer demand and decision-making. Broader economic uncertainty resulted in extended sales cycles as customers delayed capital spending commitments.

Current wording

For the three months ended June 30, 2026, Building Solutions contributed $14.6 million to the Company's revenue. The segment faced several headwinds during the quarter that constrained revenue generation. Project timing delays affected certain large projects, as revenue recognition shifted into subsequent quarters. Additionally, challenging macroeconomic conditions weighed on customer demand, resulting in extended sales cycles and delayed capital spending decisions.

Previous wording

For the three months ended March 31, 2026, Building Solutions SG&A and Non-OP expenses were $3.2 million or 27% of revenue. The segment demonstrated effective cost management during the quarter, controlling discretionary spending and maintaining operational efficiency despite the challenging revenue environment. The focus on expense discipline helped partially offset the impact of lower sales volumes on overall profitability.

Current wording

For the three months ended June 30, 2026, Building Solutions SG&A and Non-OP expenses were $3.3 million or 23% of revenue. The segment demonstrated effective cost management during the quarter, controlling discretionary spending and maintaining operational efficiency despite the challenging revenue environment. The focus on expense discipline helped partially offset the impact of lower sales volumes on overall profitability.

Previous wording

For the three months ended March 31, 2026, Building Solutions generated operating loss of $1.2 million and EBITDA loss of $1.4 million or 12% of revenue. The quarter's profitability was primarily impacted by lower volume, which compressed gross margins through unfavorable fixed cost absorption. While the segment demonstrated effective cost management and expense discipline on the SG&A side, the revenue shortfall and resulting margin pressure were the primary drivers of the negative EBITDA performance.

Current wording

For the three months ended June 30, 2026, Building Solutions generated operating income of $0.2 million and EBITDA of $0.02 million or 0.2% of revenue. Profitability for the quarter was primarily impacted by lower volume and margin pressure resulting from the competitive environment. While the segment maintained effective cost management and expense discipline on the SG&A side, the revenue shortfall and resulting margin pressure were the primary drivers of the near-breakeven EBITDA performance.

Previous wording

For the three months ended March 31, 2026, RPO revenue increased $1.1 million, or 7%, while contracting revenue increased $2.1 million, or 13% compared to 2025.

Current wording

For the three months ended June 30, 2026, RPO revenue decreased $0.3 million, or 2%, while contracting revenue increased $1.2 million, or 7% compared to 2025.

Previous wording

In the Americas, revenue increased $1.0 million, or 14%, for the three months ended March 31, 2026, compared to the same period in 2025. The increase was primarily driven by RPO revenue, which increased $1.5 million, or 27%, driven by higher demand from existing clients, while contracting revenue decreased $0.6 million, or 50%, due to reduced demand from existing clients.

Current wording

In the Americas, revenue increased $0.6 million, or 8%, for the three months ended June 30, 2026, compared to the same period in 2025. The increase was primarily driven by RPO revenue, which increased $0.9 million, or 14%, driven by higher demand from existing clients, while contracting revenue decreased $0.3 million, or 30%, due to reduced demand from existing clients.

Previous wording

In Asia Pacific, revenue increased $2.5 million, or 13%, for the three months ended March 31, 2026, compared to the same period in 2025. Contracting revenue increased $3.2 million, or 26%, due to higher demand from existing clients, partly offset by a decline in RPO revenue of $0.7 million, or 10%, due to a reduction in demand from existing clients.

Current wording

In Asia Pacific, revenue increased $1.0 million, or 5%, for the three months ended June 30, 2026, compared to the same period in 2025. Contracting revenue increased $1.8 million, or 13%, due to higher demand from existing clients, partly offset by a decline in RPO revenue of $0.8 million, or 10%, due to a reduction in demand from existing clients.

Previous wording

In EMEA, revenue decreased $0.3 million, or 6%, for the three months ended March 31, 2026, compared to the same period in 2025, driven by a decline in contracting revenue of $0.6 million, or 22%, partially offset by an increase in RPO revenue of $0.2 million, or 7%.

Current wording

In EMEA, revenue decreased $0.7 million, or 11%, for the three months ended June 30, 2026, compared to the same period in 2025, driven by a decline in contracting revenue of $0.3 million, or 9%, and a decline in RPO revenue of $0.4 million, or 13%.

Previous wording

For the three months ended March 31, 2026, gross profit increased $1.0 million, or 6%, driven by an increase in RPO gross profit of $1.2 million, compared to the same period in 2025.

Current wording

For the three months ended June 30, 2026, gross profit decreased $0.8 million, or 4%, driven by a decrease in RPO gross profit of $0.5 million, compared to the same period in 2025.

Previous wording

In Americas, gross profit increased by $1.3 million, or 21%, for the three months ended March 31, 2026, compared to the same period in 2025. The growth was primarily driven by an increase of $1.5 million, or 26%, in RPO gross profit, partially offset by a decrease in contracting gross profit of $0.2 million, or 88%, compared to 2025.

Current wording

In Americas, gross profit increased by $0.7 million, or 10%, for the three months ended June 30, 2026, compared to the same period in 2025. The growth was primarily driven by an increase of $0.8 million, or 13%, in RPO gross profit, partially offset by a decrease in contracting gross profit of $0.1 million, or 79%, compared to 2025.

Previous wording

In Asia Pacific, gross profit decreased by $0.6 million, or 8%, for the three months ended March 31, 2026, compared to the same period in 2025, driven by lower RPO gross profit of $0.6 million, coupled with higher contracting gross profit of $0.1 million.

Current wording

In Asia Pacific, gross profit decreased by $1.1 million, or 13%, for the three months ended June 30, 2026, compared to the same period in 2025, driven by lower RPO gross profit of$0.9 million, coupled with lower contracting gross profit of$0.2 million.

Previous wording

In EMEA, gross profit increased by $0.3 million, or 11%, for the three months ended March 31, 2026, compared to the same period in 2025, driven by primarily by higher RPO gross profit of $0.4 million.

Current wording

In EMEA, gross profit decreased by $0.3 million, or 10%, for the three months ended June 30, 2026, compared to the same period in 2025, driven by primarily by lower RPO gross profit of $0.4 million.

Previous wording

For the three months ended March 31, 2026, SG&A and Non-Op increased $1.6 million, or 9%, compared to the same period in 2025, while SG&A and Non-Op as a percentage of revenue was even with the prior year. The increase in SG&A and Non-Op was primarily due to higher compensation costs.

Current wording

For the three months ended June 30, 2026, SG&A and Non-Op increased $0.1 million compared to the same period in 2025, while SG&A and Non-Op as a percentage of revenue decreased from 50% in the prior year to 49% in the current year. The increase in SG&A and Non-Op was primarily due to higher compensation costs.

Previous wording

For the three months ended March 31, 2026, operating loss was $0.9 million, compared to operating loss of $0.3 million in 2025, and EBITDA loss was $1.0 million, or 3% of revenue, compared to EBITDA loss of $0.5 million, or 2% of revenue, in 2025.

Current wording

For the six months ended June 30, 2026, operating loss was $0.6 million, compared to operating income of $1.0 million in 2025, and EBITDA loss was $0.9 million, or 1% of revenue, compared to EBITDA of $0.5 million, or 1% of revenue, in 2025.

Previous wording

For the three months ended March 31, 2026, Energy Services contributed $3.5 million in revenue, reflecting a gradual recovery in drilling activity across key markets. The segment demonstrated positive momentum during the quarter, with activity levels accelerating as the division continued to capture market share through strong customer relationships and successful new

Current wording

For the three months ended June 30, 2026, Energy Services contributed $3.9 million in revenue. The segment demonstrated positive momentum during the quarter, particularly in the geothermal markets, where activity levels accelerated as the segment continued to capture market share through strong customer relationships and new customer wins.

Previous wording

For the three months ended March 31, 2026, the contribution of Energy Services to the Company's Gross Profit was $1.5 million. The segment delivered strong margin performance during the quarter. The combination of increased activity levels and improved cost absorption supported profitability as the segment executed on opportunities across both traditional energy markets and diversified non-oil-and-gas applications.

Current wording

For the three months ended June 30, 2026, the contribution of Energy Services to the Company's Gross Profit was $1.9 million. The segment delivered strong margin performance during the quarter. The combination of increased activity levels and improved cost absorption supported profitability as the segment executed on opportunities across both traditional energy markets and diversified non-oil-and-gas applications.

Previous wording

For the three months ended March 31, 2026, Energy Services’ SG&A and non-operating expenses totaled $1.1 million or 31% of revenue. Expenses were generally in line with normal operating levels, with a slight increase in sales commissions reflecting efforts to expand market share during the period.

Current wording

For the three months ended June 30, 2026, Energy Services’ SG&A and non-operating expenses totaled $1.2 million or 29% of revenue. Expenses were generally in line with normal operating levels, with a slight increase in sales commissions reflecting efforts to expand market share during the period.

Previous wording

For the three months ended March 31, 2026, Energy Services reported an operating income of $0.5 million and an EBITDA gain of $0.8 million or 25% of revenue. The segment's profitability reflects the positive momentum established during the quarter, with strong margin performance and increased activity levels driving EBITDA generation.

Current wording

For the three months ended June 30, 2026, Energy Services reported an operating income of $0.8 million and an EBITDA gain of $1.1 million or 28% of revenue. The segment's profitability reflects the positive momentum established during the quarter, with strong margin performance and increased activity levels driving EBITDA generation.

Previous wording

For the three months ended March 31, 2026, Investments contributed $0.2 million to the Company’s revenue, reflecting rental income from owned properties.

Current wording

For the three and six months ended June 30, 2026, Investments contributed $0.2 million and $0.3 million, respectively, to the Company’s revenue, reflecting rental income from owned properties.

Previous wording

For the three months ended March 31, 2026, Investments contributed $0.1 million to the Company's gross profit, reflecting rental income after accounting for property depreciation.

Current wording

For the three and six months ended June 30, 2026, Investments contributed $0.1 million and $0.2 million, respectively, to the Company's gross profit, reflecting rental income after accounting for property depreciation.

Previous wording

For the three months ended March 31, 2026, Investments SG&A and Non-Op was $0.1 million.

Current wording

For the three and six months ended June 30, 2026, Investments SG&A and Non-Op was $0.2 million and $0.3 million, respectively.

Previous wording

Corporate expenses were $1.6 million for the three months ended March 31, 2026 as compared to $1.0 million for the same period in 2025, representing an increase of $0.6 million. The increase in corporate expenses was primarily driven by higher compensation costs, reflecting increased salaries and related expenses associated with the acquisition of Star Operating Companies.

Current wording

Corporate expenses were $1.8 million for the three months ended June 30, 2026 as compared to $1.1 million for the same period in 2025, representing an increase of $0.7 million. The increase in corporate expenses was primarily driven by higher compensation costs, reflecting increased salaries and related expenses associated with the acquisition of Star Operating Companies.

Previous wording

Depreciation and amortization expense included in operating expenses was $0.3 million for the three months ended March 31, 2026, compared to $0.3 million for the same period in 2025. Depreciation and amortization expense included in cost of revenues was $0.6 million for the three months ended March 31, 2026.

Current wording

Depreciation and amortization expense included in operating expenses was $0.3 million and $0.6 million for the three and six months ended June 30, 2026, compared to $0.2 million and $0.5 million for the same periods in 2025. Depreciation and amortization expense included in cost of revenues was $0.6 million and $1.2 million for the three and six months ended June 30, 2026.

Previous wording

Interest expense, net was $0.0 million for the three months ended March 31, 2026, compared to net interest income of $0.1 million for the same period in 2025.

Current wording

Interest expense, net was $0.0 million and $0.0 million for the three and six months ended June 30, 2026, compared to net interest income of $0.1 million for each of the same periods in 2025.

Previous wording

Net other expense was $0.0 million for the three months ended March 31, 2026, compared to net other expense of $0.1 million for the same period in 2025.

Current wording

Net other expense was $0.2 million for the three and six months ended June 30, 2026, compared to net other expense of $0.2 million and $0.3 million for the same periods in 2025.