IAC Inc.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 16. Form 10-K Summary
None.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| February 20, 2026 | IAC INC. | |
|---|---|---|
| By: | /s/ CHRISTOPHER HALPIN | |
| Christopher Halpin | ||
| Executive Vice President, Chief Operating Officer and Chief Financial Officer | ||
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on February 20, 2026:
| Signature | Title |
|---|---|
| /s/ BARRY DILLER | Chairman of the Board, Senior Executive and Director |
| Barry Diller | |
| /s/ VICTOR A. KAUFMAN | Vice Chairman and Director |
| Victor A. Kaufman | |
| /s/ CHRISTOPHER HALPIN | Executive Vice President, Chief Operating Officer and Chief Financial Officer |
| Christopher Halpin | |
| /s/ MICHAEL H. SCHWERDTMAN | Senior Vice President, Chief Accounting Officer |
| Michael H. Schwerdtman | |
| /s/ TOR BRAHAM | Director |
| Tor Braham | |
| /s/ CHELSEA CLINTON | Director |
| Chelsea Clinton | |
| /s/ MICHAEL D. EISNER | Director |
| Michael D. Eisner | |
| /s/ BONNIE S. HAMMER | Director |
| Bonnie S. Hammer | |
| /s/ BRYAN LOURD | Director |
| Bryan Lourd | |
| /s/ DAVID S. ROSENBLATT | Director |
| David S. Rosenblatt | |
| /s/ MARIA SEFERIAN | Director |
| Maria Seferian | |
| /s/ ALAN G. SPOON | Director |
| Alan G. Spoon | |
| /s/ ALEXANDER VON FURSTENBERG | Director |
| Alexander von Furstenberg | |
| /s/ RICHARD F. ZANNINO | Director |
| Richard F. Zannino | |
Schedule II
VALUATION AND QUALIFYING ACCOUNTS
| Description | Balance atBeginningof Period | Charges toEarnings | Charges toOther Accounts | Deductions | Balance atEnd of Period |
|---|---|---|---|---|---|
| (In thousands) | |||||
| Allowance for credit losses | $7,409 | $8,089 | $— | $(5,514)(a) | $9,984 |
| Deferred tax valuation allowance | $62,629 | $(3,198) | $1,638(b) | $— | $61,069 |
| Other reserves | $867 | $468 | |||
| Allowance for credit losses | $7,695 | $4,688 | $158 | $(5,132)(a) | $7,409 |
| Deferred tax valuation allowance | $61,569 | $1,292 | $(232)(b) | $— | $62,629 |
| Other reserves | $971 | $867 | |||
| Allowance for credit losses | $7,811 | $5,699 | $3 | $(5,818)(a) | $7,695 |
| Deferred tax valuation allowance | $62,955 | $(3,005) | $1,619(b) | $— | $61,569 |
| Other reserves | $1,188 | $971 | |||
(a) Amounts primarily relate to write-offs of fully reserved accounts receivable, net of recoveries.
(b) Amounts primarily relate to currency translation adjustments on foreign net operating losses.
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