Financial Analysis

Supply Chain Finance Program We facilitate a voluntary supply chain finance program through a financial intermediary, which provides certain suppliers the option to be paid by the financial intermediary earlier than the due date of the applicable invoice. The decision to sell receivables due from us is at the sole discretion of both the suppliers and the financial institution. Our responsibility is limited to making payment on the terms originally negotiated with each supplier, regardless of whether a supplier participates in the program. We are not a party to the agreements between the participating financial institution and the suppliers in connection with the program, we do not receive financial incentives from the suppliers or the financial institution, nor do we reimburse suppliers for any costs they incur for participating in the program. There are no assets pledged as security or other forms of guarantees provided for the committed payment to the financial institution. All unpaid obligations to our supply chain finance provider are included in accounts payable in the consolidated balance sheets, and payments we make under the program are reflected as a reduction to net cash provided by operating activities in the consolidated statements of cash flows. The outstanding obligations with our supply chain finance provider that are included in accounts payable in our consolidated balance sheets as of December 31, 2025 and June 30, 2025 were $63,771 and $64,854, respectively. …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"December 31, 2025 June 30, 2025 7.375% Senior Notes due 2032 $ 525,000 $ 525,000 Senior secured credit facility 1,067,413 1,072,818 Other (1) 15,494 6,695 Debt issuance costs and discounts, net of debt premiums (16,802) (19,250) Total debt outstanding, net 1,591,105 1,585,263 Less: short-term debt (2) 13,522 9,085 Long-term debt $ 1,577,583 $ 1,576,178 _____________________ (1) The increase in other debt is primarily related to debt acquired as part of an acquisition that was completed during the second quarter of fiscal year 2026 within our PrintBrothers reportable segment. (2) Balances as of December 31, 2025 and June 30, 2025 are inclusive of short-term debt issuance costs, debt premiums and discounts of $4,895 for both periods presented. Our various debt arrangements described below contain customary representations, warranties, and events of default. As of December 31, 2025, we were in compliance with all covenants in those debt contracts, including our amended and restated senior secured credit agreement dated as of May 17, 2021 (as further amended from time to time, the ""Restated Credit Agreement"") and the indenture governing our 7.375% senior unsecured notes due September 15, 2032 (""2032 Notes""). Senior Secured Credit Facility On December 16, 2024, we entered into a Restated Credit Agreement which consists of the following as of December 31, 2025: a $1,067,413 USD Tranche that bears interest at Term SOFR (with a Term SOFR rate floor of 0.50%) plus 2.50%, which am …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

We use a three-level valuation hierarchy for measuring fair value and include detailed financial statement disclosures about fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The three levels are defined as follows: Level 1: Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets in markets that are not active and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. A financial instruments categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. December 31, 2025 Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets Interest rate swap contracts $ 7,838 $ $ 7,838 $ Currency forward contracts 1,1 …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Our income tax expense was $13,337 and $31,175 for the three and six months ended December 31, 2025, respectively, as compared to $21,151 and $30,146 for the three and six months ended December 31, 2024, respectively. Income tax expense for the three months ended December 31, 2025 decreased versus the prior comparative period primarily due to decreased income before income taxes. In addition, we recorded a tax benefit of $3,126 during the three months ended December 31, 2025 for the release of a valuation allowance in Australia. Income tax expense for the six months ended December 31, 2025 was in line with the prior comparative period. O ur effective tax rate continues to be negatively impacted by losses in certain jurisdictions where we are unable to recognize a tax benefit in the current period. These losses with no tax benefit were excluded in calculating income tax expense for the three and six months ended December 31, 2025 and 2024, in accordance with GAAP. We continuously analyze our valuation allowance positions and the weight of objective and verifiable evidence of actual results against the more subjective evidence of anticipated future income. As of December 31, 2025, we had unrecognized tax benefits of $12,672, including accrued interest and penalties of $20. We recognize interest and, if applicable, penalties related to unrecognized tax benefits in the provision for income taxes. If recognized, $248 of unrecognized tax benefits would reduce our tax expense. It is …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

"Recently Issued or Adopted Accounting Pronouncements Accounting Standards to be Adopted In November 2025, the Financial Accounting Standards Board (""FASB"") issued Accounting Standards Update No. 2025-09 ""Derivatives and Hedging (Topic 815): Hedge Accounting Improvements"" (ASU 2025-09), which more closely aligns hedge accounting with the economics of an entitys risk management activities. The standard will be effective starting with our annual report for the fiscal year ending June 30, 2028, as well as each interim period within that fiscal year. Early adoption is permitted, but we do not intend to early adopt this standard. We do not expect the adoption of this standard to have a material impact on our consolidated financial statements. In September 2025, the FASB issued Accounting Standards Update No. 2025-06 ""Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software"" (ASU 2025-06), which modernizes the accounting guidance for internal-use software costs and requires capitalization of software costs to begin when (1) management has authorized and committed to funding the software project and (2) it is probable that the project will be completed and the software will be used to perform the function intended. The standard will be effective starting with our annual report for the fiscal year ending June 30, 2029, as well as each interim period within that fiscal year. Early adoption is pe …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"Our operating segments are based upon the manner in which our operations are managed and the availability of separate financial information reported internally to the Chief Executive Officer, who is our Chief Operating Decision Maker (CODM), for purposes of making decisions about how to allocate resources and assess performance. As of December 31, 2025, we have numerous operating segments under our management reporting structure which are reported in the following five reportable segments: Vista - Consists of the operations of our VistaPrint branded websites in North America, Western Europe, Australia, New Zealand, India, and Singapore. This business also includes our 99designs by Vista business, which provides graphic design services, VistaCreate for do-it-yourself (DIY) design, our Vista x Wix partnership for small business websites, and our Vista Corporate Solutions business, which serves medium-sized businesses and large corporations. PrintBrothers - Includes the results of druck.at, Printdeal, and WIRmachenDRUCK, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in Austria, Belgium, Germany, the Netherlands, and Switzerland. The Print Group - Includes the results of Easyflyer, Exaprint, Packstyle, Pixartprinting, and Tradeprint, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in France, Italy, Spain, and the United Kingdom. Pixartprinting's U.S. facility went live …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"Basis of Presentation The consolidated financial statements include the accounts of Cimpress plc, its wholly owned subsidiaries, and entities in which we maintain a controlling financial interest. Intercompany balances and transactions have been eliminated. Investments in entities in which we cannot exercise significant influence, and for which the related equity securities do not have a readily determinable fair value, are included in other assets on the consolidated balance sheets; otherwise the investments are recognized by applying equity method accounting. Our equity method investments are included in other assets on the consolidated balance sheets. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. We believe our most significant estimates are associated with the ongoing evaluation of the recoverability of our long-lived assets and goodwill, estimated useful lives of assets, share-based compensation, and income taxes and related valuation allowances, among others. By their nature, estimates are subject to an inherent degree of uncertainty. Actual results could differ from those estimates. Ordinary Shares During the six months ended December 31, 2025, we repurchased 414,711 of our ordinary shares on the open market for $28,186. The repurchased …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing