KFRC

EXECUTIVE SUMMARY The following is an executive summary of what Kforce believes are highlights as of and for the six months ended June 30, 2026, which should be considered in the context of the additional discussions herein and in conjunction with the unaudited condensed consolidated financial statements and notes thereto. •Revenue for the six months ended June 30, 2026 increased 2.3% to $679.7 million from $664.3 million in the comparable period in 2025. Revenue increased 2.1% and 4.9% for Technology and FA, respectively, primarily driven by increases in consultants on assignment. •Flex revenue for the six months ended June 30, 2026 increased 2.3% to $666.1 million from $651.0 million in the comparable period in 2025. Flex revenue increased 2.1% and 5.8% for Technology and FA, respectively. •Direct Hire revenue for the six months ended June 30, 2026 increased 2.1% to $13.6 million from $13.4 million in the comparable period in 2025. •Gross profit margin for the six months ended June 30, 2026 increased 100 basis points to 27.9% from 26.9% in the comparable period in 2025 primarily driven by an increase in Flex gross profit margins and a greater percentage of Direct Hire revenue. •Flex gross profit margin for the six months ended June 30, 2026 increased 100 basis points to 26.4% from 25.4% in the comparable period in 2025 primarily driven by improved bill and pay spreads. •SG&A expenses as a percentage of revenue for the six months ended June 30, 2026 increased to 23.0% from 22.5% in the comparable period in 2025 primarily driven by higher performance-based compensation costs due to improved financial performance. •Net income for the six months ended June 30, 2026 increased 8.9% to $20.2 million, or $1.19 diluted earnings per share, from $18.6 million, or $1.03 diluted earnings per share, for the six months ended June 30, 2025. •The Firm returned $28.2 million of capital to our shareholders in the form of open market repurchases totaling $14.7 million and quarterly dividends totaling $13.5 million during the six months ended June 30, 2026. •Cash used in operating activities was $6.7 million during the six months ended June 30, 2026, as compared to cash provided by operating activities of $18.6 million for the six months ended June 30, 2025. The change was primarily driven by an increase in trade receivables given the improvement in revenue trends. 15 Table of Contents RESULTS OF OPERATIONS Business Overview Kforce is a leading domestic provider of technology and finance and accounting talent solutions to innovative and industry-leading companies. At June 30, 2026, Kforce employed over 1,600 associates and had more than 8,000 consultants on assignment. Kforce serves clients across a diverse set of industries and organizations of all sizes, but we place a particular focus on serving Fortune 500 and other leading companies. There has been considerable discussion about whether our Firm and the broader sector can continue to deliver revenue growth given the much-speculated negative demand impact of AI tools and technologies. We are pleased to report that we have delivered three consecutive quarters of financial performance that have exceeded pre-pandemic and pre-AI averages. The revenue improvment that we have experienced in our business in the first half of 2026 is consistent with the improving macro demand environment for talent. Key indicators including the Institute for Supply Management (“ISM”) Services Purchasing Managers’ Index (“PMI”), American Staffing Association’s (“ASA”) Staffing Index and the Staffing Industry Analysts (“SIA”) Bullhorn Staffing Indicator have strengthened over the last several months. In addition, while overall U.S. job growth has moderated in recent months, recent gains have been increasingly concentrated in professional and business services, which are far more aligned to Kforce’s end markets than the growth drivers over the past couple of years. We believe our results reflect disciplined execution and a meaningful shift in client behavior. We further believe that organizations are increasingly turning to flexible talent models to advance large backlogs of high-priority technology initiatives, particularly as AI accelerates transformation and CEOs remain measured in adding permanent headcount. Broader uncertainty, including geopolitical tensions and related volatility in global energy markets, has further reinforced the need for agility. We believe these dynamics highlight the value of flexible workforce solutions as clients adapt to near-term uncertainty while assessing the longer-term implications of emerging technologies on their businesses and talent strategies. We believe our go-to-market approach, shaped by our integrated strategy efforts, is gaining traction. Across Kforce, we see our people are operating more fully as One Kforce, bringing the full breadth of our capabilities to bear across our service offerings. Based on data published by SIA, temporary employment figures and trends are important indicators of staffing demand from an economic standpoint. The national U.S. unemployment rate declined to 4.2% in June 2026 as compared to 4.4% in December 2025. In the latest U.S. staffing industry forecast published by SIA in March 2026, the technology temporary staffing industry is estimated to grow 1% in 2026. Operating Results - Three and Six Months Ended June 30, 2026 and 2025 The following table presents certain items in our Unaudited Condensed Consolidated Statements of Operations as a percentage of revenue: Three Months Ended June 30, Six Months Ended June 30, 2026 2025 2026 2025 Revenue by segment: Technology 92.7 % 92.9 % 92.7 % 92.8 % FA 7.3 7.1 7.3 7.2 Total Revenue 100.0 % 100.0 % 100.0 % 100.0 % Revenue by type: Flex 97.9 % 98.2 % 98.0 % 98.0 % Direct Hire 2.1 1.8 2.0 2.0 Total Revenue 100.0 % 100.0 % 100.0 % 100.0 % Gross profit 28.5 % 27.1 % 27.9 % 26.9 % Selling, general and administrative expenses 22.7 % 22.2 % 23.0 % 22.5 % Depreciation and amortization 0.4 % 0.4 % 0.4 % 0.4 % Income from operations 5.4 % 4.5 % 4.5 % 4.0 % Income before income taxes 5.1 % 4.1 % 4.3 % 3.8 % Net income 3.5 % 3.1 % 3.0 % 2.8 % 16 Table of Contents Revenue. The following table presents revenue by type for each segment and the percentage change from the prior period: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2026 Increase (Decrease) 2025 2026 Increase (Decrease) 2025 Technology Flex revenue $ 320,035 4.0 % $ 307,844 $ 622,990 2.1 % $ 610,279 Direct Hire revenue 3,841 43.2 % 2,683 6,849 4.9 % 6,532 Total Technology revenue $ 323,876 4.3 % $ 310,527 $ 629,839 2.1 % $ 616,811 FA Flex revenue $ 21,794 6.0 % $ 20,567 $ 43,067 5.8 % $ 40,702 Direct Hire revenue 3,661 13.6 % 3,222 6,789 (0.6) % 6,831 Total FA revenue $ 25,455 7.0 % $ 23,789 $ 49,856 4.9 % $ 47,533 Total Flex revenue $ 341,829 4.1 % $ 328,411 $ 666,057 2.3 % $ 650,981 Total Direct Hire revenue 7,502 27.0 % 5,905 13,638 2.1 % 13,363 Total Revenue $ 349,331 4.5 % $ 334,316 $ 679,695 2.3 % $ 664,344 Flex Revenue. The key drivers of Flex revenue are the number of consultants on assignment, billable hours, the bill rate per hour and, to a limited extent, the amount of billable expenses incurred by Kforce. Flex revenue for our Technology business increased 4.0% and 2.1% during the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025, primarily driven by an increase in consultants on assignment. In the third quarter, we expect Technology Flex revenue to increase in the low single digits sequentially and mid single digits year over year. Our FA business experienced an increase in Flex revenue of 6.0% and 5.8% during the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025, primarily driven by an increase in consultants on assignment. In the third quarter, we expect FA Flex revenue to increase in the low single digits sequentially and year over year. The following table presents the key drivers for the change in Flex revenue by segment over the prior period (in thousands): Three Months Ended Six Months Ended June 30, 2026 vs. June 30, 2025 June 30, 2026 vs. June 30, 2025 Key Drivers - Increase (Decrease) Technology FA Technology FA Volume - hours billed $ 10,521 $ 1,237 $ 13,008 $ 2,178 Bill rate 1,851 (18) (6) 185 Billable expenses (181) 8 (291) 2 Total change in Flex revenue $ 12,191 $ 1,227 $ 12,711 $ 2,365 The following table presents total Flex hours billed by segment and percentage change over the prior period: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2026 Increase (Decrease) 2025 2026 Increase (Decrease) 2025 Technology 3,520 3.4 % 3,404 6,885 2.1 % 6,741 FA 406 6.0 % 383 813 5.4 % 771 Total Flex hours billed 3,926 3.7 % 3,787 7,698 2.5 % 7,512 Direct Hire Revenue. The key drivers of Direct Hire revenue are the number of placements and the associated placement fee. Direct Hire revenue also includes conversion revenue, which may occur when a consultant initially assigned to a client on a temporary basis is later converted to a permanent placement for a fee. Direct Hire revenue increased 27.0% and 2.1% during the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025, which was primarily driven by an increase in placements. We expect Direct Hire to decrease in the third quarter due to seasonal impacts. 17 Table of Contents Gross Profit. Gross profit is determined by deducting direct costs (primarily consultant compensation, payroll taxes and certain fringe benefits, as well as independent contractor costs) from total revenue. In addition, there are no consultant payroll costs associated with Direct Hire placements; thus, all Direct Hire revenue increases gross profit by the full amount of the placement fee. The following table presents gross profit (gross profit as a percentage of total revenue) by segment and percentage change over the prior period: Three Months Ended June 30, Six Months Ended June 30, 2026 Increase (Decrease) 2025 2026 Increase (Decrease) 2025 Technology 27.6 % 4.9 % 26.3 % 27.1 % 3.8 % 26.1 % FA 39.3 % 3.1 % 38.1 % 38.2 % — % 38.2 % Total gross profit percentage 28.5 % 5.2 % 27.1 % 27.9 % 3.7 % 26.9 % Total gross profit percentage increased 140 and 100 basis points for the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025, primarily driven by an increase in Flex gross profit margins and a greater percentage of Direct Hire revenue. Flex gross profit percentage (Flex gross profit as a percentage of Flex revenue) provides management with helpful insights into the other drivers of total gross profit percentage driven by our Flex business, such as changes in the spread between the consultants’ bill rate and pay rate, changes in payroll tax rates or benefits costs, as well as the impact of billable expenses, which provide no profit margin. The following table presents the Flex gross profit percentage by segment and percentage change over the prior period: Three Months Ended June 30, Six Months Ended June 30, 2026 Increase (Decrease) 2025 2026 Increase (Decrease) 2025 Technology 26.8 % 4.7 % 25.6 % 26.3 % 4.0 % 25.3 % FA 29.1 % 2.1 % 28.5 % 28.5 % 2.5 % 27.8 % Total Flex gross profit percentage 26.9 % 4.3 % 25.8 % 26.4 % 3.9 % 25.4 % Our Flex gross profit percentage increased 110 and 100 basis points for the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025. •Technology Flex gross profit margins increased 120 and 100 basis points for the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025, which was primarily driven by improved bill and pay spreads. In the third quarter, we expect Technology Flex gross profit margins to remain fairly stable sequentially but to increase year over year. •FA Flex gross profit margins increased 60 and 70 basis points for the three and six months ended June 30, 2026, respectively, as compared to the same periods in 2025, which was primarily driven by improved bill and pay spreads and lower healthcare costs. In the third quarter, we expect FA Flex gross profit margins to remain fairly stable sequentially and year over year. The following table presents the key drivers for the change in Flex gross profit by segment over the prior period (in thousands): Three Months Ended Six Months Ended June 30, 2026 vs. June 30, 2025 June 30, 2026 vs. June 30, 2025 Key Drivers - Increase (Decrease) Technology FA Technology FA Revenue impact (volume) $ 3,124 $ 349 $ 3,212 $ 658 Profitability impact (bill rate) 3,596 140 6,174 295 Total change in Flex gross profit $ 6,720 $ 489 $ 9,386 $ 953 SG&A Expenses. Total compensation, commissions, payroll taxes and benefit costs as a percentage of SG&A represented 83.6% and 83.7% for the three and six months ended June 30, 2026, respectively, as compared to 84.6% and 84.5% for the comparable periods in 2025. Commissions and other bonus incentives are variable costs driven primarily by revenue and gross profit levels. Therefore, as those levels change, these expenses would also generally be anticipated to change. 18 Table of Contents The following table presents certain components of SG&A as a percentage of total revenue: (in thousands) 2026 % of Revenue 2025 % of Revenue Three Months Ended June 30, Compensation, commissions, payroll taxes and benefits costs $ 66,411 19.0 % $ 62,904 18.8 % Other (1) 12,995 3.7 % 11,466 3.4 % Total SG&A $ 79,406 22.7 % $ 74,370 22.2 % Six Months Ended June 30, Compensation, commissions, payroll taxes and benefits costs $ 130,762 19.2 % $ 126,380 19.0 % Other (1) 25,402 3.8 % 23,155 3.5 % Total SG&A $ 156,164 23.0 % $ 149,535 22.5 % (1) Includes items such as credit loss expense, lease expense, professional fees, travel, communication and office-related expense, and certain other expenses. SG&A as a percentage of revenue increased 50 basis points for the three and six months ended June 30, 2026, as compared to the same periods in 2025, which is primarily driven by higher performance-based compensation costs due to improved financial performance. We continue to prioritize investments in our strategic initiatives, including the implementation of Workday as part of our back-office transformation program, integrated strategy efforts, the evolution of our nearshore and offshore delivery capabilities, and driving our strategy through leverage of AI. Depreciation and Amortization. The following table presents depreciation and amortization expense and percentage change over the prior period by major category: Three Months Ended June 30, Six Months Ended June 30, (in thousands) 2026 Increase (Decrease) 2025 2026 Increase (Decrease) 2025 Fixed asset depreciation $ 635 (3.8) % $ 660 $ 1,274 (7.2) % $ 1,373 Capitalized software amortization 661 (9.5) % 730 1,326 (10.5) % 1,481 Total Depreciation and amortization $ 1,296 (6.8) % $ 1,390 $ 2,600 (8.9) % $ 2,854 Other Expense, Net. Other expense, net was $1.0 million for the three months ended June 30, 2026 and 2025. Other expense, net was $1.6 million for the six months ended June 30, 2026 and 2025. Other expense, net primarily includes interest expense related to outstanding borrowings under our credit facility. Income Tax Expense. Income tax expense as a percentage of income before income taxes (our “effective tax rate”) was 30.5% and 25.4% for the six months ended June 30, 2026 and 2025, respectively. The increase in our effective tax rate was primarily attributable to higher nondeductible compensation expense under Internal Revenue Code Section 162(m), the expiration of the Work Opportunity Tax Credits program in 2025, and lower research and development tax credits associated with our strategic priorities. 19 Table of Contents Non-GAAP Financial Measures Revenue Growth Rates. “Revenue growth rates,” a non-GAAP financial measure, is defined by Kforce as revenue growth after removing the impacts on reported revenues from the changes in the number of billing days. Management believes this data is particularly useful because it aids in evaluating revenue trends over time. The impact of billing days is calculated by dividing each comparative period’s reported revenues by the number of billing days for the respective period to arrive at a per billing day amount for each quarter. Growth rates are then calculated using the per billing day amounts as a percentage change compared to the respective period. Management calculates the number of billing days for each reporting period based on the number of holidays and business days in the quarter. Sequential Growth Rates (GAAP) 2026 2025 Q2 Q1 Q4 Q3 Q2 Technology Flex 5.6% (0.2)% (0.2)% (1.2)% 1.8% FA Flex 2.4% (5.6)% 2.4% 6.9% 2.1% Total Flex revenue 5.4% (0.6)% (0.1)% (0.7)% 1.8% Sequential Growth Rates (Non-GAAP) 2026 2025 Q2 Q1 Q4 Q3 Q2 Billing Days 64 63 62 64 64 Technology Flex 4.0% (1.8)% 3.0% (1.2)% 0.2% FA Flex 0.8% (7.1)% 5.7% 6.9% 0.5% Total Flex revenue 3.8% (2.2)% 3.2% (0.7)% 0.2% Year-Over-Year Growth Rates (GAAP) 2026 2025 YTD Q2 Q1 YTD Q2 Q1 Technology Flex 2.1% 4.0% 0.2% (5.0)% (5.0)% (5.0)% FA Flex 5.8% 6.0% 5.7% (20.1)% (16.8)% (23.2)% Total Flex revenue 2.3% 4.1% 0.5% (6.1)% (5.8)% (6.4)% Year-Over-Year Growth Rates (Non-GAAP) 2026 2025 YTD Q2 Q1 YTD Q2 Q1 Billing Days 127 64 63 127 64 63 Technology Flex 2.1% 4.0% 0.2% (4.3)% (5.0)% (3.5)% FA Flex 5.8% 6.0% 5.7% (19.5)% (16.8)% (22.0)% Total Flex revenue 2.3% 4.1% 0.5% (5.4)% (5.8)% (4.9)% Free Cash Flow. “Free Cash Flow,” a non-GAAP financial measure, is defined by Kforce as net cash provided by operating activities determined in accordance with GAAP, less capital expenditures. Management believes this provides an additional way of viewing our liquidity that, when viewed with our GAAP results, provides a more complete understanding of factors and trends affecting our cash flows and is useful information to investors as it provides a measure of the amount of cash generated from the business that can be used for strategic opportunities, including investing in our business, repurchasing common stock, paying dividends or making acquisitions. Free Cash Flow has limitations due to the fact that it does not represent the residual cash flow available for discretionary expenditures. Therefore, we believe it is important to view Free Cash Flow as a complement to, but not a replacement of, our Unaudited Condensed Consolidated Statements of Cash Flows. 20 Table of Contents The following table presents a reconciliation of Cash (Used in) Provided by Operating Activities to Free Cash Flow: Six Months Ended June 30, (in thousands) 2026 2025 Cash (used in) provided by operating activities $ (6,728) $ 18,614 Capital expenditures (7,194) (8,290) Free cash flow (13,922) 10,324 Change in debt 40,700 37,300 Repurchases of common stock (15,068) (32,243) Cash dividends (13,522) (13,951) Proceeds from company-owned life insurance — 1,383 Premiums paid for company-owned life insurance — (686) Other — (4) Change in cash and cash equivalents $ (1,812) $ 2,123 Adjusted EBITDA. “Adjusted EBITDA,” a non-GAAP financial measure, is defined by Kforce as net income before depreciation and amortization; stock-based compensation expense; interest expense, net; and income tax expense. Adjusted EBITDA should not be considered a measure of financial performance under GAAP. Items excluded from Adjusted EBITDA are significant components in understanding and assessing our past and future financial performance, and this presentation should not be construed as an inference by us that our future results will be unaffected by those items excluded from Adjusted EBITDA. Adjusted EBITDA is a key measure used by management to assess our operations including our ability to generate cash flows and our ability to repay our debt obligations, and management believes it provides a good metric of our core profitability in comparing our performance to our competitors, as well as our performance over different time periods. Consequently, management believes it is useful information to investors. The measure should not be considered in isolation or as an alternative to net income, cash flows or other financial statement information presented in the unaudited condensed consolidated financial statements as indicators of financial performance or liquidity. Also, Adjusted EBITDA, as presented, may not be comparable to similarly titled measures of other companies. In addition, although we excluded stock-based compensation expense because it is a non-cash expense, we expect to continue to incur stock-based compensation expense in the future and the associated stock issued may result in an increase in our outstanding shares of stock, which may result in the dilution of our shareholder ownership interest. We suggest that you evaluate these items and the potential risks of excluding such items when analyzing our financial position. The following table includes a reconciliation of Net income to Adjusted EBITDA: (in thousands) 2026 2025 Three Months Ended June 30, Net income $ 12,323 $ 10,449 Depreciation and amortization 1,296 1,390 Stock-based compensation expense 3,718 3,618 Interest expense, net 982 1,018 Income tax expense 5,438 3,410 Adjusted EBITDA $ 23,757 $ 19,885 Six Months Ended June 30, Net income $ 20,248 $ 18,594 Depreciation and amortization 2,600 2,854 Stock-based compensation expense 7,308 7,274 Interest expense, net 1,631 1,582 Income tax expense 8,867 6,331 Adjusted EBITDA $ 40,654 $ 36,635 21 Table of Contents LIQUIDITY AND CAPITAL RESOURCES To meet our capital and liquidity requirements, we primarily rely on our operating cash flows, as well as borrowings under our Credit Facility (as defined below). At June 30, 2026 and December 31, 2025, we had $107.1 million and $66.4 million outstanding under our Credit Facility, respectively, and the borrowing availability was $91.8 million and $132.5 million, respectively, subject to certain covenants. At June 30, 2026, Kforce had $111.5 million in working capital compared to $88.5 million at December 31, 2025. Cash Flows Our business has historically generated a significant amount of operating cash flows, which allows us to balance deploying available capital towards: (i) investing in our strategic priorities that we expect will accelerate future revenue growth and profitability levels; (ii) our dividend and share repurchase programs; and (iii) maintaining sufficient liquidity for potential acquisitions or other strategic investments. Cash used in operating activities was $6.7 million during the six months ended June 30, 2026, as compared to cash provided by operating activities of $18.6 million during the six months ended June 30, 2025. Our largest source of operating cash flows is the collection of trade receivables, and our largest use of operating cash flows is the payment of our associate and consultant compensation. The year-over-year decrease was primarily driven by higher trade receivables given the improvement in revenue trends. Cash used in investing activities was $7.2 million during the six months ended June 30, 2026, and primarily consisted of cash used for capital expenditures. Cash used in investing activities during the six months ended June 30, 2025 was $7.6 million and primarily consisted of cash used for capital expenditures. Cash provided by financing activities was $12.1 million during the six months ended June 30, 2026, as compared to $8.9 million of cash used in financing activities during the six months ended June 30, 2025. This change was primarily driven by decreases in repurchases of common stock and higher net proceeds on our Credit Facility. The following table presents the cash flow impact of the common stock repurchase activity: Six Months Ended June 30, (in thousands) 2026 2025 Open market repurchases $ 14,880 $ 31,984 Repurchased shares withheld for tax withholding upon vesting of restricted stock 188 259 Total cash flow impact from Repurchases of common stock $ 15,068 $ 32,243 Cash paid in current year for settlement of prior year repurchases $ 200 $ 260 During the six months ended June 30, 2026 and 2025, Kforce’s Board of Directors (the “Board”) declared and paid quarterly dividends of $13.5 million ($0.80 per share) and $14.0 million ($0.78 per share), respectively, which represents a 3% increase on a per share basis. While the Board has declared and paid quarterly dividends since the fourth quarter of 2014, and intends to in the foreseeable future, dividends will be subject to determination by our Board each quarter following its review of, among other things, the Firm’s current and expected financial performance as well as the ability to pay dividends under applicable law. We believe that existing cash and cash equivalents, operating cash flows and available borrowings under our Credit Facility will be adequate to meet the capital expenditure and working capital requirements of our operations for at least the next 12 months, and the foreseeable future, which we believe will provide us the flexibility to continue returning significant capital to our shareholders. However, a material deterioration in the macroeconomic environment or market conditions, among other things, could adversely affect operating results and liquidity, as well as the ability of our lenders to fund borrowings. Actual results could also differ materially from those indicated as a result of a number of factors, including the use of currently available resources for capital expenditures, investments, additional common stock repurchases or dividends. 22 Table of Contents Credit Facility On November 5, 2025, the Firm entered into a senior secured credit facility with Bank of America, N.A., as administrative and collateral agent, BofA Securities, Inc. and PNC Capital Markets LLC as joint lead arrangers, BofA Securities, Inc. as bookrunner and the lenders referred to therein (the “Credit Facility”). Under the Credit Facility, the Firm has a maximum borrowing capacity of $200.0 million, which includes a $10.0 million sublimit for the issuance of standby and commercial letters and $10.0 million sublimit for swingline loans, and may, subject to certain conditions and the participation of the lenders, be increased up to an aggregate additional amount of $150.0 million. At June 30, 2026, $107.1 million was outstanding and $91.8 million was available on our Credit Facility, and at December 31, 2025, $66.4 million was outstanding. At June 30, 2026, we are in compliance with all of the covenants contained in the Credit Facility as described in our 2025 Annual Report on Form 10-K, and we currently expect that we will be able to maintain compliance with these covenants. Stock Repurchases In October 2025, the Board approved an increase in our stock repurchase authorization, bringing the total authorization to $100.0 million. During the six months ended June 30, 2026, Kforce repurchased approximately 527 thousand shares of common stock on the open market at a total cost of approximately $14.7 million. In addition, $82.5 million remained available for further repurchases under the Board-authorized common stock repurchase program at June 30, 2026. Contractual Obligations and Commitments Other than the changes described elsewhere in this Quarterly Report, there have been no material changes during the period covered by this report on Form 10-Q to our contractual obligations previously disclosed in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2025 Annual Report on Form 10-K. CRITICAL ACCOUNTING ESTIMATES There have been no material changes to our Critical Accounting Estimates previously disclosed in Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included in our 2025 Annual Report on Form 10-K. NEW ACCOUNTING STANDARDS Refer to Note 1 - “Summary of Significant Accounting Policies” in the Notes to the Consolidated Financial Statements, included in Item 8. Financial Statements and Supplementary Data in our 2025 Annual Report on Form 10-K, for a discussion of new accounting standards.