The following discussion and analysis should be read in conjunction with the consolidated financial statements and related notes included in Item 8 - Financial Statements and Supplementary Data, of our Annual Report on Form 10-K for the year ended December 31, 2025, as well as Part I - Item 1 - Financial Statements, of this Quarterly Report on Form 10-Q, which is incorporated herein by reference. Overview We make vehicle ownership possible by providing innovative financing solutions that enable automobile dealers to sell vehicles to consumers regardless of their credit history. Our financing programs are offered through a nationwide network of automobile dealers who benefit from sales of vehicles to consumers who otherwise could not obtain financing; from repeat and referral sales generated by these same customers; and from sales to customers responding to advertisements for our financing programs, but who actually end up qualifying for traditional financing. For the three months ended June 30, 2026, consolidated net income was $135.9 million, or $12.66 per diluted share, compared to consolidated net income of $87.4 million, or $7.42 per diluted share, for the same period in 2025. The increase was primarily due to decreases in operating expenses and provision for credit losses. Our financial results for the three months ended June 30, 2026 included the following: •$8.0 billion average balance of our Loan portfolio, consistent with the second quarter of 2025. •Consumer Loan assignment unit volume declined 1.0% to 84,615 while dollar volume grew 0.1% to $1.0 billion, compared to the second quarter of 2025. Monthly unit volume returned to year-over-year growth in June, which continued into July. •Forecasted net cash flows from our Loan portfolio declined by $39.1 million, or 0.3%, compared to a decline of $55.8 million, or 0.5%, in the second quarter of 2025. •262,963 shares, or 2.5% of the shares outstanding at the beginning of the quarter, were repurchased at a cost of $141.4 million. •$43.5 million in Dealer Holdback and accelerated Dealer Holdback payments to Dealers. •$1.4 billion in liquidity (amounts available for borrowing under revolving lines of credit and unrestricted cash and cash equivalents) as of June 30, 2026. For the six months ended June 30, 2026, consolidated net income was $271.7 million, or $25.04 per diluted share, compared to consolidated net income of $193.7 million, or $16.11 per diluted share, for the same period in 2025. The increase was primarily due to decreases in provision for credit losses, interest expense, and operating expenses. Our financial results for the six months ended June 30, 2026 included the following: •$7.9 billion average balance of our Loan portfolio, consistent with the first six months of 2025. •Consumer Loan assignment unit volume of 180,607 and dollar volume of $2.1 billion, down 2.8% and 2.0%, respectively, compared to the first six months of 2025. •Forecasted net cash flows from our Loan portfolio declined by $48.2 million, or 0.4%, compared to a decline of $76.7 million, or 0.7%, in the first six months of 2025. •628,221 shares, or 5.9% of the shares outstanding at the beginning of the year, were repurchased at a cost of $320.3 million. •$90.6 million in Dealer Holdback and accelerated Dealer Holdback payments to Dealers. Company highlights for the three months ended June 30, 2026 included the following: •Enrolled 1,456 new Dealers in our programs with a record 11,004 active dealers during the quarter, reflecting continued engagement across our Dealer network. •Made continued progress executing our product roadmap, including the following initiatives: •Deal optimization: Enhanced our deal structuring experience, which helps Dealers find an optimal deal. 90% of active Dealers used the new capability during the quarter. •AI-enabled call-center agent: 67% of inbound customer service and account solutions calls were routed to the AI agent in June, up from 27% in March, driving improved efficiency, enabling faster 24/7 customer self-service, and reducing cost-to-serve at scale. This performance reflects continued expansion of a production-deployed AI capability that is now integrated into core servicing workflows. We expect further gains in call handling and unit economics as we scale this platform throughout 2026. 44 Table of Contents •Named one of the 100 Best Companies to Work For® by Great Place to Work® and Fortune magazine for the twelfth time, with a #18 ranking, our highest ranking ever. Critical Success Factors Critical success factors include our ability to: •accurately forecast Consumer Loan performance; •access capital on acceptable terms; and •maintain or grow Consumer Loan volume at the level and on the terms that we anticipate. These factors support our long-term objective of maximizing economic profit, a non-GAAP financial measure we use to evaluate our financial results, determine profit-sharing for team members, and assess business decisions and strategies. Economic profit measures how efficiently we utilize our total capital, both debt and equity, and is a function of the return on capital in excess of the cost of capital and the amount of capital invested in the business. Consumer Loan Metrics At the time a Consumer Loan is submitted to us for assignment, we forecast future expected cash flows from the Consumer Loan. Based on the amount and timing of these forecasts and expected expense levels, an advance or one-time purchase payment is made to the related Dealer at a price designed to maximize economic profit. We use a statistical model to estimate the expected collection rate for each Consumer Loan at the time of assignment. We continue to evaluate the expected collection rate for each Consumer Loan subsequent to assignment. Our evaluation becomes more accurate as the Consumer Loans age, as we use actual performance data in our forecast. By comparing our current expected collection rate for each Consumer Loan with the rate we projected at the time of assignment, we are able to assess the accuracy of our initial forecast. The following table compares our aggregated forecast of Consumer Loan collection rates as of June 30, 2026, with the aggregated forecasts as of March 31, 2026, December 31, 2025 and at the time of assignment, segmented by year of assignment: Forecasted Collection Percentage as of (1) Current Forecast Variance from Consumer Loan Assignment Year June 30, 2026 March 31, 2026 December 31, 2025 Initial Forecast March 31, 2026 December 31, 2025 Initial Forecast 2017 64.8 % 64.8 % 64.8 % 64.0 % 0.0 % 0.0 % 0.8 % 2018 65.6 % 65.6 % 65.5 % 63.6 % 0.0 % 0.1 % 2.0 % 2019 67.3 % 67.3 % 67.2 % 64.0 % 0.0 % 0.1 % 3.3 % 2020 68.1 % 68.1 % 68.0 % 63.4 % 0.0 % 0.1 % 4.7 % 2021 64.1 % 64.0 % 63.8 % 66.3 % 0.1 % 0.3 % -2.2 % 2022 59.3 % 59.3 % 59.3 % 67.5 % 0.0 % 0.0 % -8.2 % 2023 62.9 % 63.1 % 63.3 % 67.5 % -0.2 % -0.4 % -4.6 % 2024 65.1 % 65.3 % 65.3 % 67.2 % -0.2 % -0.2 % -2.1 % 2025 66.9 % 67.2 % 67.2 % 67.0 % -0.3 % -0.3 % -0.1 % 2026 (2) 67.1 % 66.3 % — 67.2 % 0.8 % — -0.1 % (1)Represents the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment, including both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans because the contractual amount owed is not removed from the denominator used to calculate these rates. Any declines in forecasted collection rates for Consumer Loans assigned in the most recent quarter primarily reflect the impact of cancellations rather than underlying Consumer Loan performance. (2)The forecasted collection rate for 2026 Consumer Loans as of June 30, 2026 includes both Consumer Loans that were in our portfolio as of March 31, 2026 and Consumer Loans assigned during the most recent quarter. The following table provides forecasted collection rates for each of these segments: Forecasted Collection Percentage as of Current Forecast Variance from 2026 Consumer Loan Assignment Period June 30, 2026 March 31, 2026 Initial Forecast March 31, 2026 Initial Forecast January 1, 2026 through March 31, 2026 66.5 % 66.3 % 66.6 % 0.2 % -0.1 % April 1, 2026 through June 30, 2026 67.7 % — 67.9 % — -0.2 % 45 Table of Contents For the three months ended June 30, 2026, forecasted collection rates declined for Consumer Loans assigned in 2023 through 2025 and were generally consistent with expectations at the start of the period for all other assignment years presented. For Consumer Loans assigned in 2026, the increase in forecasted collection rate from March 31, 2026 was primarily due to a higher initial forecast on Consumer Loans assigned during the second quarter. For the six months ended June 30, 2026, forecasted collection rates improved for Consumer Loans assigned in 2021, declined for Consumer Loans assigned in 2023 through 2025, and were generally consistent with expectations at the start of the period for all other assignment years presented. The changes to our forecast of future net cash flows from our Loan portfolio (forecasted collections less forecasted Dealer Holdback payments) for each of the last eight quarters are shown in the following table: (Dollars in millions) Decrease in Forecasted Net Cash Flows Three Months Ended Total Loans % Change from Forecast at Beginning of Period September 30, 2024 $ (62.8) -0.6 % December 31, 2024 (31.1) -0.3 % March 31, 2025 (20.9) -0.2 % June 30, 2025 (55.8) -0.5 % September 30, 2025 (58.6) -0.5 % December 31, 2025 (34.2) -0.3 % March 31, 2026 (9.1) -0.1 % June 30, 2026 (39.1) -0.3 % The decreases in forecasted net cash flows for the quarterly periods presented above were composed of ordinary decreases in forecasted net cash flows and the following adjustment applied to our forecasting methodology: During the second quarter of 2025, we applied an adjustment to our methodology for forecasting the amount of future net cash flows from our Loan portfolio, which reduced the forecasted collection rates for Consumer Loans assigned in 2024. Consumer Loans assigned in 2024 prior to the implementation of our scorecard adjustment during the third quarter of 2024 had underperformed relative to the forecast adjustment we implemented during the second quarter of 2024. Accordingly, in the second quarter of 2025, we applied an adjustment to that segment of the Consumer Loans assigned in 2024 to reduce forecasted collection rates to what we believed the ultimate collection rates would be based on these trends. Changes in the amount and timing of forecasted net cash flows are recognized in the period of change as a provision for credit losses. The implementation of this forecast adjustment during the second quarter of 2025 reduced forecasted net cash flows by $18.6 million, or 0.2%, and increased provision for credit losses by $16.5 million. 46 Table of Contents The following table presents information on Consumer Loan assignments for each of the last 10 years: Average Total Assignment Volume Consumer Loan Assignment Year Consumer Loan (1) Advance (2) Initial Loan Term (in months) Unit Volume Dollar Volume (2) (in millions) 2017 $ 20,230 $ 8,746 55 328,507 $ 2,873.1 2018 22,158 9,635 57 373,329 3,595.8 2019 23,139 10,174 57 369,805 3,772.2 2020 24,262 10,656 59 341,967 3,641.2 2021 25,632 11,790 59 268,730 3,167.8 2022 27,242 12,924 60 280,467 3,625.3 2023 27,025 12,475 61 332,499 4,147.8 2024 26,497 11,961 61 386,126 4,618.4 2025 25,423 11,428 60 337,411 3,856.1 2026 (3) (4) 25,355 11,449 60 180,607 2,067.8 (1)Represents the repayments that we were contractually owed on Consumer Loans at the time of assignment, which include both principal and interest. (2)Represents advances paid to Dealers on Consumer Loans assigned under the Portfolio Program and one-time payments made to Dealers to purchase Consumer Loans assigned under the Purchase Program. Payments of Dealer Holdback and accelerated Dealer Holdback are not included. (3)Represents activity for the six months ended June 30, 2026. Information in this table for each of the years prior to 2026 represents activity for all 12 months of that year. (4)The averages for 2026 Consumer Loans include both Consumer Loans that were in our portfolio as of March 31, 2026 and Consumer Loans assigned during the most recent quarter. The following table provides averages for each of these segments: Average 2026 Consumer Loan Assignment Period Consumer Loan Advance Initial Loan Term (in months) January 1, 2026 through March 31, 2026 $ 25,050 $ 11,132 60 April 1, 2026 through June 30, 2026 25,701 11,809 60 The profitability of our loans is primarily driven by the amount and timing of the net cash flows we receive from the spread between the forecasted collection rate and the advance rate, less operating expenses and the cost of capital. Forecasting collection rates accurately at Loan inception is difficult. With this in mind, we establish advance rates that are intended to allow us to achieve acceptable levels of profitability across our portfolio, even if collection rates are less than we initially forecast. 47 Table of Contents The following table presents aggregate forecasted Consumer Loan collection rates, advance rates, spreads (the forecasted collection rate less the advance rate), and forecasted future net cash flows as of June 30, 2026, as well as forecasted collection rates and spreads at the time of assignment. All amounts, unless otherwise noted, are presented as a percentage of the initial balance of the Consumer Loan (principal + interest). The table includes both Dealer Loans and Purchased Loans. Forecasted Collection % Spread % as of (2) Forecasted Future Net Cash Flows (3) Consumer Loan Assignment Year June 30, 2026 Initial Forecast Advance % (1) June 30, 2026 Initial Forecast June 30, 2026 (in millions) % of Total 2017 64.8 % 64.0 % 43.2 % 21.6 % 20.8 % $ 17.4 0.1 % 2018 65.6 % 63.6 % 43.5 % 22.1 % 20.1 % 37.5 0.3 % 2019 67.3 % 64.0 % 44.0 % 23.3 % 20.0 % 70.0 0.6 % 2020 68.1 % 63.4 % 43.9 % 24.2 % 19.5 % 124.1 1.1 % 2021 64.1 % 66.3 % 46.0 % 18.1 % 20.3 % 289.6 2.5 % 2022 59.3 % 67.5 % 47.4 % 11.9 % 20.1 % 698.1 5.9 % 2023 62.9 % 67.5 % 46.2 % 16.7 % 21.3 % 1,361.3 11.6 % 2024 65.1 % 67.2 % 45.1 % 20.0 % 22.1 % 2,559.4 21.8 % 2025 66.9 % 67.0 % 45.0 % 21.9 % 22.0 % 4,097.8 34.9 % 2026 (4) (5) 67.1 % 67.2 % 45.2 % 21.9 % 22.0 % 2,498.5 21.2 % Total $ 11,753.7 100.0 % (1)Represents advances paid to Dealers on Consumer Loans assigned under the Portfolio Program and one-time payments made to Dealers to purchase Consumer Loans assigned under the Purchase Program as a percentage of the initial balance of the Consumer Loans. Payments of Dealer Holdback and accelerated Dealer Holdback are not included. (2)Represents the forecasted collection rate less the advance rate. (3)Represents the forecasted future collections we expect to collect on Consumer Loans less the forecasted future Dealer Holdback and accelerated Dealer Holdback payments we expect to make to Dealers. (4)Represents activity for the six months ended June 30, 2026. Information in this table for each of the years prior to 2026 represents activity for all 12 months of that year. (5)The forecasted collection rate, advance rate and spread for 2026 Consumer Loans as of June 30, 2026 include both Consumer Loans that were in our portfolio as of March 31, 2026 and Consumer Loans assigned during the most recent quarter. The following table provides forecasted collection rates, advance rates, and spreads for each of these segments: Forecasted Collection % as of Spread % as of 2026 Consumer Loan Assignment Period June 30, 2026 Initial Forecast Advance % June 30, 2026 Initial Forecast January 1, 2026 through March 31, 2026 66.5 % 66.6 % 44.5 % 22.0 % 22.1 % April 1, 2026 through June 30, 2026 67.7 % 67.9 % 46.1 % 21.6 % 21.8 % The risk of a material change in our forecasted collection rate declines as the Consumer Loans age. Because Consumer Loans assigned in 2022 and prior years represent only approximately 10% of total forecasted future net cash flows from Consumer Loans, changes in the forecasted collection rate for those Loans would generally be expected to have a relatively modest impact on total forecasted future net cash flows. In contrast, Consumer Loans assigned since 2022 represent a larger portion of expected future net cash flows, and a significant portion of their total forecasted collections has not yet been realized. Accordingly, changes in the forecasted collection rate for those more recent loans would generally be expected to have a more significant impact on total forecasted future net cash flows. The spread between the forecasted collection rate as of June 30, 2026 and the advance rate ranges from 11.9% to 24.2%, on an annual basis, for Consumer Loans assigned over the last 10 years. The spreads with respect to 2019 and 2020 Consumer Loans have been positively impacted by Consumer Loan performance, which has exceeded our initial estimates by a greater margin than the other years presented. The spreads with respect to 2021 through 2024 Consumer Loans have been negatively impacted by Consumer Loan performance, which has been lower than our initial estimates by a greater margin than the other years presented. The spread as of June 30, 2026 on 2026 Consumer Loans was 21.9%, consistent with 2025 Consumer Loans. 48 Table of Contents The following table compares our forecast of aggregate Consumer Loan collection rates as of June 30, 2026 with the forecasts at the time of assignment, for Dealer Loans and Purchased Loans separately: Dealer Loans Purchased Loans Forecasted Collection Percentage as of (1) Forecasted Collection Percentage as of (1) Consumer Loan Assignment Year June 30, 2026 Initial Forecast Variance June 30, 2026 Initial Forecast Variance 2017 64.1 % 63.8 % 0.3 % 66.4 % 64.6 % 1.8 % 2018 65.0 % 63.6 % 1.4 % 66.8 % 63.5 % 3.3 % 2019 66.9 % 63.9 % 3.0 % 67.9 % 64.2 % 3.7 % 2020 67.9 % 63.3 % 4.6 % 68.4 % 63.6 % 4.8 % 2021 63.8 % 66.3 % -2.5 % 64.7 % 66.3 % -1.6 % 2022 58.5 % 67.3 % -8.8 % 61.3 % 68.0 % -6.7 % 2023 61.6 % 66.8 % -5.2 % 66.3 % 69.4 % -3.1 % 2024 63.8 % 66.3 % -2.5 % 69.7 % 70.7 % -1.0 % 2025 65.3 % 65.5 % -0.2 % 71.5 % 71.5 % 0.0 % 2026 65.7 % 65.9 % -0.2 % 70.2 % 70.3 % -0.1 % (1)The forecasted collection rates presented for Dealer Loans and Purchased Loans reflect the Consumer Loan classification at the time of assignment. The forecasted collection rates represent the total forecasted collections we expect to collect on the Consumer Loans as a percentage of the repayments that we were contractually owed on the Consumer Loans at the time of assignment, including both principal and interest. Forecasted collection rates are negatively impacted by canceled Consumer Loans because the contractual amount owed is not removed from the denominator used to calculate these rates. Any declines in forecasted collection rates for Consumer Loans assigned in the most recent quarter primarily reflect the impact of cancellations rather than underlying Consumer Loan performance. The following table presents aggregate forecasted Consumer Loan collection rates, advance rates, and spreads (the forecasted collection rate less the advance rate) as of June 30, 2026 for Dealer Loans and Purchased Loans separately. All amounts are presented as a percentage of the initial balance of the Consumer Loan (principal + interest). Dealer Loans Purchased Loans Consumer Loan Assignment Year Forecasted Collection % (1) Advance % (1)(2) Spread % Forecasted Collection % (1) Advance % (1)(2) Spread % 2017 64.1 % 42.1 % 22.0 % 66.4 % 45.8 % 20.6 % 2018 65.0 % 42.7 % 22.3 % 66.8 % 45.2 % 21.6 % 2019 66.9 % 43.1 % 23.8 % 67.9 % 45.6 % 22.3 % 2020 67.9 % 43.0 % 24.9 % 68.4 % 45.5 % 22.9 % 2021 63.8 % 45.1 % 18.7 % 64.7 % 47.7 % 17.0 % 2022 58.5 % 46.4 % 12.1 % 61.3 % 50.1 % 11.2 % 2023 61.6 % 44.8 % 16.8 % 66.3 % 49.8 % 16.5 % 2024 63.8 % 44.1 % 19.7 % 69.7 % 48.9 % 20.8 % 2025 65.3 % 43.2 % 22.1 % 71.5 % 50.4 % 21.1 % 2026 65.7 % 43.3 % 22.4 % 70.2 % 49.9 % 20.3 % (1)The forecasted collection rates and advance rates presented for Dealer Loans and Purchased Loans reflect the Consumer Loan classification at the time of assignment. (2)Represents advances paid to Dealers on Consumer Loans assigned under the Portfolio Program and one-time payments made to Dealers to purchase Consumer Loans assigned under the Purchase Program as a percentage of the initial balance of the Consumer Loans. Payments of Dealer Holdback and accelerated Dealer Holdback are not included. Although the advance rate on Purchased Loans is higher as compared to the advance rate on Dealer Loans, Purchased Loans do not require us to pay Dealer Holdback. The spread as of June 30, 2026 on 2026 Dealer Loans was 22.4%, as compared to a spread of 22.1% on 2025 Dealer Loans. The increase was a result of a higher initial spread on 2026 Dealer Loans, due to the initial forecast increasing by a greater margin than the advance rate in our Dealer Loan portfolio. 49 Table of Contents The spread as of June 30, 2026 on 2026 Purchased Loans was 20.3%, as compared to a spread of 21.1% on 2025 Purchased Loans. The decrease was primarily a result of a lower initial spread on 2026 Purchased Loans, due to the initial forecast decreasing by a greater margin than the advance rate in our Purchased Loan portfolio. Consumer Loan Volume The following table summarizes changes in Consumer Loan assignment volume in each of the last eight quarters as compared to the same period in the previous year: Year over Year Percent Change Three Months Ended Unit Volume Dollar Volume (1) September 30, 2024 17.7 % 12.2 % December 31, 2024 0.3 % -4.9 % March 31, 2025 -10.1 % -15.5 % June 30, 2025 -14.6 % -18.8 % September 30, 2025 -16.5 % -19.4 % December 31, 2025 -9.1 % -11.3 % March 31, 2026 -4.3 % -4.0 % June 30, 2026 -1.0 % 0.1 % (1)Represents advances paid to Dealers on Consumer Loans assigned under the Portfolio Program and one-time payments made to Dealers to purchase Consumer Loans assigned under the Purchase Program. Payments of Dealer Holdback and accelerated Dealer Holdback are not included. Consumer Loan assignment volumes depend on a number of factors including (1) the overall demand for our financing programs and (2) the amount of capital available to fund new Loans. Our pricing strategy is intended to maximize the amount of economic profit we generate, within the confines of capital constraints. Unit volume declined 1.0% while dollar volume increased 0.1% during the second quarter of 2026 as the number of active Dealers increased 3.3% and the average unit volume per active Dealer declined 3.8%. Monthly unit volume returned to year-over-year growth in June, which continued into July. Unit volume for July 2026 increased 28.0% compared to the same period in 2025. 50 Table of Contents The following table summarizes the changes in Consumer Loan unit volume and active Dealers: For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Consumer Loan unit volume 84,615 85,486 -1.0 % 180,607 185,764 -2.8 % Active Dealers (1) 11,004 10,655 3.3 % 13,445 13,008 3.4 % Average volume per active Dealer 7.7 8.0 -3.8 % 13.4 14.3 -6.3 % Consumer Loan unit volume from Dealers active both periods 67,910 71,711 -5.3 % 152,881 161,862 -5.5 % Dealers active both periods 6,860 6,860 — 8,811 8,811 — Average volume per Dealer active both periods 9.9 10.5 -5.3 % 17.4 18.4 -5.5 % Consumer Loan unit volume from Dealers not active both periods 16,705 13,775 21.3 % 27,726 23,902 16.0 % Dealers not active both periods 4,144 3,795 9.2 % 4,634 4,197 10.4 % Average volume per Dealer not active both periods 4.0 3.6 11.1 % 6.0 5.7 5.3 % (1)Active Dealers are Dealers who have received funding for at least one Consumer Loan during the period. The following table provides additional information on the changes in Consumer Loan unit volume and active Dealers: For the Three Months Ended June 30, For the Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Consumer Loan unit volume from new active Dealers 3,172 3,216 -1.4 % 10,931 11,986 -8.8 % New active Dealers (1) 1,210 1,094 10.6 % 2,475 2,289 8.1 % Average volume per new active Dealer 2.6 2.9 -10.3 % 4.4 5.2 -15.4 % Attrition (2) -16.1 % -17.4 % -12.9 % -12.9 % (1)New active Dealers are Dealers who enrolled in our program and have received funding for their first Loan from us during the period. (2)Attrition is measured according to the following formula: decrease in Consumer Loan unit volume from Dealers who have received funding for at least one Loan during the comparable period of the prior year but did not receive funding for any Loans during the current period divided by prior year comparable period Consumer Loan unit volume. 51 Table of Contents The following table shows the percentage of Consumer Loans assigned to us as Dealer Loans and Purchased Loans for each of the last eight quarters: Unit Volume Dollar Volume (1) Three Months Ended Dealer Loans Purchased Loans Dealer Loans Purchased Loans September 30, 2024 79.5 % 20.5 % 78.4 % 21.6 % December 31, 2024 78.7 % 21.3 % 77.7 % 22.3 % March 31, 2025 77.0 % 23.0 % 75.1 % 24.9 % June 30, 2025 71.6 % 28.4 % 68.3 % 31.7 % September 30, 2025 73.1 % 26.9 % 70.6 % 29.4 % December 31, 2025 74.7 % 25.3 % 72.4 % 27.6 % March 31, 2026 72.0 % 28.0 % 69.2 % 30.8 % June 30, 2026 68.5 % 31.5 % 65.2 % 34.8 % (1)Represents advances paid to Dealers on Consumer Loans assigned under the Portfolio Program and one-time payments made to Dealers to purchase Consumer Loans assigned under the Purchase Program. Payments of Dealer Holdback and accelerated Dealer Holdback are not included. As of June 30, 2026 and December 31, 2025, the net Dealer Loans receivable balance was 71.0% and 72.1%, respectively, of the total net Loans receivable balance. 52 Table of Contents Results of Operations The net Loan income (finance charge revenue less provision for credit losses expense) that we recognize over the life of a Loan equals the cash we collect from the underlying Consumer Loan less the cash we pay to the Dealer. We believe the economics of our business are best exhibited by recognizing net Loan income on a level-yield basis over the life of the Loan based on expected future net cash flows. Under the GAAP methodology we employ, which is known as the current expected credit loss model, or CECL, we are required to recognize: •a significant provision for credit losses expense at the time of the Loan’s assignment to us for contractual net cash flows we do not expect to realize; and •finance charge revenue in subsequent periods that is significantly in excess of our expected yield. Due to the GAAP treatment of contractual net cash flows we do not expect to realize at the time of loan assignment (i.e. significant expense at the time of loan assignment, which is offset by higher revenue in subsequent periods), we do not believe the GAAP methodology we employ provides sufficient transparency into the economics of our business, including our results of operations, financial condition, and financial leverage. For additional information, see Note 3 and Note 6 to the consolidated financial statements contained in Part I - Item 1 of this Quarterly Report on Form 10-Q, which is incorporated herein by reference. 53 Table of Contents Three Months Ended June 30, 2026 Compared to Three Months Ended June 30, 2025 The following is a discussion of our results of operations and income statement data on a consolidated basis. (Dollars in millions, except per share data) For the Three Months Ended June 30, 2026 2025 $ Change % Change Revenue: Finance charges $ 546.2 $ 540.7 $ 5.5 1.0 % Premiums earned 24.6 24.1 0.5 2.1 % Other income 16.6 19.0 (2.4) -12.6 % Total revenue 587.4 583.8 3.6 0.6 % Costs and expenses: Salaries and wages 78.1 83.7 (5.6) -6.7 % General and administrative 26.1 45.2 (19.1) -42.3 % Sales and marketing 29.9 26.6 3.3 12.4 % Total operating expenses 134.1 155.5 (21.4) -13.8 % Provision for credit losses on forecast changes 81.6 101.3 (19.7) -19.4 % Provision for credit losses on new Consumer Loan assignments 77.6 71.3 6.3 8.8 % Total provision for credit losses 159.2 172.6 (13.4) -7.8 % Interest 107.4 118.1 (10.7) -9.1 % Provision for claims 18.1 19.8 (1.7) -8.6 % Total costs and expenses 418.8 466.0 (47.2) -10.1 % Income before provision for income taxes 168.6 117.8 50.8 43.1 % Provision for income taxes 32.7 30.4 2.3 7.6 % Net income $ 135.9 $ 87.4 $ 48.5 55.5 % Net income per share: Basic $ 12.97 $ 7.55 $ 5.42 71.8 % Diluted $ 12.66 $ 7.42 $ 5.24 70.6 % Weighted average shares outstanding: Basic 10,481,009 11,574,018 (1,093,009) -9.4 % Diluted 10,734,652 11,771,525 (1,036,873) -8.8 % Finance Charges. The increase of $5.5 million, or 1.0%, was the result of an increase in the average yield on our Loan portfolio, partially offset by a decrease in the average net Loans receivable balance, as follows: (Dollars in millions) For the Three Months Ended June 30, 2026 2025 Change Average net Loans receivable balance $ 7,953.2 $ 8,011.6 $ (58.4) Average yield on our Loan portfolio 27.5 % 27.0 % 0.5 % 54 Table of Contents The following table summarizes the impact each component had on the overall increase in finance charges for the three months ended June 30, 2026: (In millions) Year over Year Change Impact on finance charges: For the Three Months Ended June 30, 2026 Due to an increase in the average yield $ 9.4 Due to a decrease in the average net Loans receivable balance (3.9) Total increase in finance charges $ 5.5 The increase in the average yield on our Loan portfolio was primarily due to higher contractual yields on more recent Consumer Loan assignments. The decrease in the average net Loans receivable balance was primarily due to the principal collected on Loans receivable exceeding the dollar volume of new Consumer Loan assignments. Operating Expenses. The decrease of $21.4 million, or 13.8%, was primarily due to: •A decrease in general and administrative expense of $19.1 million, or 42.3%, primarily due to the recognition of a $23.4 million contingent loss during the three months ended June 30, 2025 related to previously disclosed legal matters. The decrease was partially offset by higher professional services costs related to strategic market analysis initiatives. •A decrease in salaries and wages expense of $5.6 million, or 6.7%, primarily due to a reduction in headcount. The impact of team member separation costs on operating expenses in the second quarter of 2026 was not material, as higher severance expense was offset by lower stock-based compensation expense. Provision for Credit Losses. The decrease of $13.4 million, or 7.8%, was due to a decrease in provision for credit losses on forecast changes, partially offset by an increase in provision for credit losses on new Consumer Loan assignments. We recognize provision for credit losses on new Consumer Loan assignments for contractual net cash flows that are not expected to be realized at the time of assignment. We also recognize provision for credit losses on forecast changes in the amount and timing of expected future net cash flows subsequent to assignment. The following table summarizes the provision for credit losses for each of these components: (In millions) For the Three Months Ended June 30, Impact on provision for credit losses 2026 2025 Change Forecast changes $ 81.6 $ 101.3 $ (19.7) New Consumer Loan assignments 77.6 71.3 6.3 Total $ 159.2 $ 172.6 $ (13.4) The decrease in provision for credit losses related to forecast changes in the second quarter of 2026 compared to the second quarter of 2025 reflected a smaller decline in Consumer Loan performance and changes in forecasted net cash flow timing. During the second quarter of 2026, we decreased our estimate of future net cash flows by $39.1 million, or 0.3%, and slowed our forecasted net cash flow timing to reflect lower-than-expected Consumer Loan prepayments, which remained below historical averages. During the second quarter of 2025, we decreased our estimate of future net cash flows by $55.8 million, or 0.5%, to reflect a decline in forecasted collection rates during the period and slowed our forecasted net cash flow timing to reflect lower-than-expected Consumer Loan prepayments, which remained below historical averages. The $55.8 million decrease in forecasted net cash flows for the second quarter of 2025 was composed of an ordinary decrease in forecasted net cash flows of $37.2 million, or 0.3%, and an adjustment applied to our forecasting methodology, which upon implementation, reduced forecasted net cash flows by $18.6 million, or 0.2%, and increased our provision for credit losses by $16.5 million. Consumer Loans assigned in 2024 prior to the implementation of our scorecard adjustment during the third quarter of 2024 had underperformed relative to the forecast adjustment we implemented during the second quarter of 2024. Accordingly, in the second quarter of 2025, we applied an adjustment to that segment of the Consumer Loans assigned in 2024 to reduce forecasted collection rates to what we believed the ultimate collection rates would be based on these trends. 55 Table of Contents The 8.8% increase in provision for credit losses on new Consumer Loan assignments was primarily due to a 10.0% increase in the average provision per Consumer Loan assignment, partially offset by a 1.0% decrease in Consumer Loan assignment unit volume. The increase in the average provision per Consumer Loan assignment was primarily due to a higher average provision for Purchased Loans, driven by a lower initial forecast and spread, and a greater proportion of Purchased Loans in the mix of Consumer Loan assignments received during the second quarter of 2026. Interest. The decrease in interest expense of $10.7 million, or 9.1%, was due to decreases in our average cost of debt and average outstanding debt balance. The following table presents the change in interest expense, average outstanding debt balance, and average cost of debt for the three months ended June 30, 2026 as compared to the three months ended June 30, 2025: (Dollars in millions) For the Three Months Ended June 30, 2026 2025 Change Interest expense $ 107.4 $ 118.1 $ (10.7) Average outstanding debt balance 6,352.8 6,583.8 (231.0) Average cost of debt 6.8 % 7.2 % -0.4 % Provision for Income Taxes. For the three months ended June 30, 2026, the effective income tax rate decreased to 19.4% from 25.8% for the same period in 2025. The decrease was primarily due to (i) a research and development tax credit recognized during the second quarter of 2026, (ii) changes in state tax laws enacted during the second quarter of 2025 that increased our effective income tax rate for that period, whereas the second quarter of 2026 had relatively few state tax law changes enacted, resulting in minimal impact to our effective income tax rate for that period, and (iii) the recognition of excess tax benefits primarily for stock option exercises in the second quarter of 2026, as opposed to a tax deficiency recognized in the second quarter of 2025. For additional information, see Note 10 to the consolidated financial statements contained in Part I - Item 1 of this Quarterly Report on Form 10-Q, which is incorporated herein by reference. 56 Table of Contents Six Months Ended June 30, 2026 Compared to Six Months Ended June 30, 2025 The following is a discussion of our results of operations and income statement data on a consolidated basis. (Dollars in millions, except per share data) For the Six Months Ended June 30, 2026 2025 $ Change % Change Revenue: Finance charges $ 1,084.6 $ 1,067.4 $ 17.2 1.6 % Premiums earned 47.8 47.6 0.2 0.4 % Other income 35.0 39.9 (4.9) -12.3 % Total revenue 1,167.4 1,154.9 12.5 1.1 % Costs and expenses: Salaries and wages 166.7 172.3 (5.6) -3.3 % General and administrative 50.9 67.3 (16.4) -24.4 % Sales and marketing 57.7 51.4 6.3 12.3 % Total operating expenses 275.3 291.0 (15.7) -5.4 % Provision for credit losses on forecast changes 136.0 177.6 (41.6) -23.4 % Provision for credit losses on new Consumer Loan assignments 162.8 156.9 5.9 3.8 % Total provision for credit losses 298.8 334.5 (35.7) -10.7 % Interest 215.8 232.8 (17.0) -7.3 % Provision for claims 33.9 35.9 (2.0) -5.6 % Loss on extinguishment of debt — 1.2 (1.2) — % Total costs and expenses 823.8 895.4 (71.6) -8.0 % Income before provision for income taxes 343.6 259.5 84.1 32.4 % Provision for income taxes 71.9 65.8 6.1 9.3 % Net income $ 271.7 $ 193.7 $ 78.0 40.3 % Net income per share: Basic $ 25.61 $ 16.37 $ 9.24 56.4 % Diluted $ 25.04 $ 16.11 $ 8.93 55.4 % Weighted average shares outstanding: Basic 10,608,030 11,831,094 (1,223,064) -10.3 % Diluted 10,851,014 12,023,903 (1,172,889) -9.8 % Finance Charges. The increase of $17.2 million, or 1.6%, was the result of an increase in the average yield on our Loan portfolio, partially offset by a decrease in the net Loans receivable balance as follows: (Dollars in millions) For the Six Months Ended June 30, 2026 2025 Change Average net Loans receivable balance $ 7,923.4 $ 7,947.0 $ (23.6) Average yield on our Loan portfolio 27.4 % 26.9 % 0.5 % 57 Table of Contents The following table summarizes the impact each component had on the overall increase in finance charges for the six months ended June 30, 2026: (In millions) Year over Year Change Impact on finance charges: For the Six Months Ended June 30, 2026 Due to an increase in the average yield $ 20.4 Due to a decrease in the average net Loans receivable balance (3.2) Total increase in finance charges $ 17.2 The increase in the average yield of our Loan portfolio was primarily due to higher contractual yields on more recent Consumer Loan assignments. The decrease in the average net Loans receivable balance was primarily due to the principal collected on Loans receivable exceeding the dollar volume of new Consumer Loan assignments. Operating Expenses. The decrease of $15.7 million, or 5.4%, was due to: •A decrease in general and administrative expense of $16.4 million, or 24.4%, primarily due to the recognition of a $23.4 million contingent loss during the three months ended June 30, 2025 related to previously disclosed legal matters, partially offset by higher professional services costs related to strategic market analysis initiatives. •A decrease in salaries and wages expense of $5.6 million, or 3.3%, primarily due to a reduction in headcount. The impact of team member separation costs on operating expenses in the second quarter of 2026 was not material, as higher severance expense was substantially offset by lower stock-based compensation expense. •An increase in sales and marketing expense of $6.3 million, or 12.3%, primarily due to increases in advertising expenses and in the size of our sales force. Provision for Credit Losses. The decrease of $35.7 million, or 10.7%, was due to a decrease in provision for credit losses on forecast changes, partially offset by an increase in provision for credit losses on new Consumer Loan assignments. We recognize provision for credit losses on new Consumer Loan assignments for contractual net cash flows that are not expected to be realized at the time of assignment. We also recognize provision for credit losses on forecast changes in the amount and timing of expected future net cash flows subsequent to assignment. The following table summarizes the provision for credit losses for each of these components: (In millions) For the Six Months Ended June 30, Provision for Credit Losses 2026 2025 Change Forecast changes $ 136.0 $ 177.6 $ (41.6) New Consumer Loan assignments 162.8 156.9 5.9 Total $ 298.8 $ 334.5 $ (35.7) The decrease in provision for credit losses related to forecast changes during the first six months of 2026 compared to the first six months of 2025 reflected a smaller decline in Consumer Loan performance and changes in forecasted net cash flow timing. During the first six months of 2026, we decreased our estimate of future net cash flows by $48.2 million, or 0.4%, to reflect a decline in forecasted collection rates during the period and slowed our forecasted net cash flow timing to reflect lower-than-expected Consumer Loan prepayments, which remained below historical averages. During the first six months of 2025, we decreased our estimate of future net cash flows by $76.7 million, or 0.7%, to reflect a decline in forecasted collection rates during the period and slowed our forecasted net cash flow timing to reflect lower-than-expected Consumer Loan prepayments, which remained below historical averages. The $76.7 million decrease in forecasted net cash flows for the first six months of 2025 was composed of an ordinary decrease in forecasted net cash flows of $58.1 million, or 0.5%, and an adjustment applied to our forecasting methodology, which upon implementation, reduced forecasted net cash flows by $18.6 million, or 0.2%, and increased our provision for credit losses by $16.5 million. Consumer Loans assigned in 2024 prior to the implementation of our scorecard adjustment during the third quarter of 2024 had underperformed relative to the forecast adjustment we implemented during the second quarter of 2024. Accordingly, during the second quarter of 2025, we applied an adjustment to that segment of the Consumer Loans assigned in 2024 to reduce forecasted collection rates to what we believed the ultimate collection rates would be based on these trends. For additional information, see Note 6 to the consolidated financial statements contained in Part I - Item 1 of this Quarterly Report on Form 10-Q, which is incorporated herein by reference. 58 Table of Contents The 3.8% increase in provision for credit losses on new Consumer Loan assignments was due to a 6.7% increase in the average provision per Consumer Loan assignment, partially offset by a 2.8% decrease in Consumer Loan assignment unit volume. The increase in the average provision per Consumer Loan assignment was primarily due to a higher percentage of Purchased Loans in the mix of Consumer Loan assignments received during 2026. Interest. The decrease in interest expense of $17.0 million, or 7.3%, was due to decreases in our average cost of debt and average outstanding debt balance. The following table presents the change in interest expense, average outstanding debt balance, and average cost of debt for the six months ended June 30, 2026 as compared to the six months ended June 30, 2025: (Dollars in millions) For the Six Months Ended June 30, 2026 2025 Change Interest expense $ 215.8 $ 232.8 $ (17.0) Average outstanding debt balance 6,312.3 6,491.1 (178.8) Average cost of debt 6.8 % 7.2 % -0.4 % Provision for Income Taxes. For the six months ended June 30, 2026, our effective income tax rate decreased to 20.9% from 25.4% for the six months ended June 30, 2025. The decrease was primarily due to (i) a research and development tax credit recognized in 2026, (ii) a decrease in state and local income taxes due to a decrease in the proportion of our consolidated net income reserved for uncertain tax positions, and (iii) the reversal of previously recognized non-deductible executive compensation expenses, related to the retirement of executive officers in 2026. For additional information, see Note 10 to the consolidated financial statements contained in Part I - Item 1 of this Quarterly Report on Form 10-Q, which is incorporated herein by reference. 59 Table of Contents Liquidity and Capital Resources We need capital to maintain and grow our business and seek to access such capital on acceptable terms by maintaining consistent financial performance, modest financial leverage, and multiple funding sources. Our primary sources of capital are cash flows from operating activities, collections of Consumer Loans, and borrowings under: (1) our revolving secured line of credit facility; (2) Warehouse facilities; (3) Term ABS financings; and (4) senior notes. There are various restrictive covenants to which we are subject under each financing arrangement, and we were in compliance with those covenants as of June 30, 2026. For information regarding these financings and the covenants included in the related documents, see Note 9 to the consolidated financial statements contained in Part I - Item 1 of this Quarterly Report on Form 10-Q, which is incorporated herein by reference. We endeavor to operate conservatively, with low leverage and significant unused capacity on our revolving credit facilities. While forecasting collection rates involves inherent uncertainty, particularly in periods of economic volatility, our operating model is designed to maintain appropriate margins of safety across the portfolio. Our securitization structures incorporate multiple forms of credit enhancement, including overcollateralization, subordination, and reserve accounts. Historically, our securitization trusts have paid all required principal and interest on time and have not experienced early amortization or other adverse performance events. Based on current estimates, we believe expected cash flows from our portfolio provide substantial coverage relative to our obligations. On January 15, 2026, we extended the date on which our $100.0 million Term ABS 2021-1 financing will cease to revolve from February 17, 2026 to January 18, 2028. The interest rate on borrowings under the financing was decreased from the Secured Overnight Financing Rate (“SOFR”) plus 220 basis points to SOFR plus 140 basis points. On May 5, 2026, we completed a $450.0 million Term ABS financing, which was used to repay outstanding indebtedness and for general corporate purposes. The financing has an expected average annualized cost of 5.2% (including upfront fees and other costs), and it will revolve for 24 months, after which it will amortize based upon the cash flows on the underlying Loans. On June 9, 2026, we extended the maturity of our revolving secured line of credit facility from June 22, 2028 to June 22, 2029. The interest rate on borrowings under the facility was decreased from (i) at our option, SOFR plus 197.5 basis points or the prime rate plus 87.5 basis points to (ii) at our option, SOFR plus 175.0 basis points or the prime rate plus 75.0 basis points. Cash and cash equivalents were $1.4 million as of June 30, 2026 and $22.8 million as of December 31, 2025. As of June 30, 2026 and December 31, 2025, we had $1,432.2 million and $1,627.7 million, respectively, in unused and available revolving lines of credit. Our total balance sheet indebtedness as of June 30, 2026 and December 31, 2025 was $6,286.2 million and $6,353.9 million, respectively. A summary of our scheduled principal debt maturities as of June 30, 2026 is as follows: (In millions) Year Scheduled Principal Debt Maturities (1) Remainder of 2026 $ 1,352.2 2027 2,190.0 2028 1,650.1 2029 622.5 2030 500.0 Over five years — Total $ 6,314.8 (1)The principal maturities of certain financings are estimated based on forecasted collections. Based upon anticipated cash flows, management believes that cash flows from operations and our various financing alternatives will provide sufficient financing for debt maturities and for future operations. Our ability to borrow funds may be impacted by economic and financial market conditions. If the various financing alternatives were to become limited or unavailable to us, our operations and liquidity could be materially and adversely affected. 60 Table of Contents Critical Accounting Estimates Our consolidated financial statements are prepared in accordance with GAAP. The preparation of these financial statements requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, we review our accounting policies, assumptions, estimates, and judgments to ensure that our financial statements are presented fairly and in accordance with GAAP. Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2025 discusses several critical accounting estimates, which we believe involve a high degree of judgment and complexity. There have been no material changes to the estimates and assumptions associated with these critical accounting estimates from those discussed in our Annual Report on Form 10-K for the year ended December 31, 2025. Forward-Looking Statements We make forward-looking statements in this report and may make such statements in future filings with the Securities and Exchange Commission (“SEC”). We may also make forward-looking statements in our press releases or other public or shareholder communications. Our forward-looking statements are subject to risks and uncertainties and include information about our expectations and possible or assumed future results of operations. When we use any of the words “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “assume,” “forecast,” “estimate,” “intend,” “plan,” “target,” or similar expressions, we are making forward-looking statements. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all of our forward-looking statements. These forward-looking statements represent our outlook only as of the date of this report. While we believe that our forward-looking statements are reasonable, actual results could differ materially since the statements are based on our current expectations, which are subject to risks and uncertainties. Factors that might cause such a difference include, but are not limited to, the factors set forth in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2025, other risk factors discussed herein or listed from time to time in our reports filed with the SEC, and the following: Industry, Operational, and Macroeconomic Risks •Our inability to accurately forecast and estimate the amount and timing of future collections could have a material adverse effect on results of operations. •Due to competition from traditional financing sources and non-traditional lenders, we may not be able to compete successfully. •Adverse changes in economic conditions, the automobile or finance industries, or the non-prime consumer market could adversely affect our financial position, liquidity, and results of operations, the ability of key vendors that we depend on to supply us with services, and our ability to enter into future financing transactions. •Reliance on third parties to administer our ancillary product offerings could adversely affect our business and financial results. •We are dependent on our senior management, and the loss of any of these individuals or an inability to hire additional team members could adversely affect our ability to operate profitably. •Our reputation is a key asset to our business, and our business may be affected by how we are perceived in the marketplace. •An outbreak of contagious disease or other public health emergency could materially and adversely affect our business, financial condition, liquidity, and results of operations. •The concentration of Dealers in several states could adversely affect us. •Reliance on our outsourced business functions could adversely affect our business. •Our ability to hire and retain foreign engineering personnel could be hindered by immigration restrictions. •We may be unable to execute our business strategy due to current economic conditions. •Natural disasters, climate change, military conflicts, acts of war, terrorist attacks and threats, or the escalation of military activity in response to terrorist attacks or otherwise may negatively affect our business, financial condition, and results of operations. •Governmental or market responses to climate change and related environmental issues could have a material adverse effect on our business. •A small number of our shareholders have the ability to significantly influence matters requiring shareholder approval and such shareholders have interests which may conflict with the interests of our other security holders. 61 Table of Contents Capital and Liquidity Risks •We may be unable to continue to access or renew funding sources and obtain capital needed to maintain and grow our business. •The terms of our debt limit how we conduct our business. •A violation of the terms of our asset-backed secured financings or revolving secured warehouse facilities could have a material adverse impact on our operations. •Our substantial debt could negatively impact our business, prevent us from satisfying our debt obligations, and adversely affect our financial condition. •We may not be able to generate sufficient cash flows to service our outstanding debt and fund operations and may be forced to take other actions to satisfy our obligations under such debt. •Interest rate fluctuations may adversely affect our borrowing costs, profitability, and liquidity. •Reduction in our credit rating could increase the cost of our funding from, and restrict our access to, the capital markets and adversely affect our liquidity, financial condition, and results of operations. •We may incur substantially more debt and other liabilities. This could exacerbate further the risks associated with our current debt levels. •The conditions of the U.S. and international capital markets may adversely affect lenders with which we have relationships, causing us to incur additional costs and reducing our sources of liquidity, which may adversely affect our financial position, liquidity, and results of operations. Technology and Cybersecurity Risks •Our dependence on technology could have a material adverse effect on our business. •We depend on secure information technology, and a breach of our systems or those of our third-party service providers could result in our experiencing significant financial, legal, and reputational exposure and could materially adversely affect our business, financial condition, and results of operations. •Our use of electronic contracts could impact our ability to perfect our ownership or security interest in Consumer Loans. •Failure to properly safeguard our proprietary business information or confidential consumer and team member personal information could subject us to liability, decrease our profitability, and damage our reputation. •The development and use of artificial intelligence presents risks and challenges that may adversely impact our business. Legal and Regulatory Risks •Litigation we are involved in from time to time may adversely affect our financial condition, results of operations, and cash flows. •Changes in tax laws and the resolution of uncertain income tax matters could have a material adverse effect on our results of operations and cash flows from operations. •The regulations to which we are or may become subject could result in a material adverse effect on our business. Other factors not currently anticipated by management may also materially and adversely affect our business, financial condition, and results of operations. We do not undertake, and expressly disclaim any obligation, to update or alter our statements whether as a result of new information, future events, or otherwise, except as required by applicable law. 62 Table of Contents