“First Quarter 2026 2025 Interest expense on note payable and other borrowings $ (5,651) $ (900) Tax benefit (1,370) (207) Interest expense net of tax $ (4,281) $ (693) The increase in interest expense is due to interest on Steak n Shake’s note payable obtained on September 30, 2025.”
“The Company will continue to monitor the performance of the investment portfolio and assess whether impairment due to expected credit losses has occurred.”
“Research and development expenses were $74.7 million for the six months ended June 30, 2025, an increase of $15 million, or 25%, compared to the prior-year period, driven by an increase of $10.2 million in employee compensation, benefits and other employee-related expenses in line with an increase in employee headcount and including certain restructuring charges, an increase of $3.1 million in third-party contractor expenses and an increase of $1.8 million in information technology expenses, partially offset by an increase of $1.2 million in employee compensation costs capitalized as internal use software in connection with ongoing investments in our platform infrastructure.”