Financial Analysis

COMMITMENTS, CONTINGENCIES AND SUBSEQUENT EVENTS Legal Proceedings From time to time, the Company may be a party to litigation or claims arising in the ordinary course of business, including those relating to employment matters, relationships with clients and contractors, intellectual property disputes, and other business matters. These legal proceedings seek various remedies, including claims for monetary damages in varying amounts, none of which are considered material, or are unspecified as to amount. Although the outcome of any such matter is inherently uncertain and may be materially adverse, based on current information, management believes that the outcome of such known matters will not have a material adverse effect on the Company's financial condition and results of operations. Management does not believe that there is any litigation or claims that would have a material adverse effect on the business, or the consolidated financial statements of the Company as of December 31, 2025. Other - Government Contracts As a U.S. federal government contractor, we are subject to various audits and investigations by the U.S. federal government to determine whether our operations are being conducted in accordance with applicable regulatory requirements. U.S. federal government investigations of our operations, whether relating to government contracts or conducted for other reasons, could result in administrative, civil, or criminal liabilities, including repayments, fines or penal …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"REVOLVING CREDIT FACILITY On December 30, 2022 (the ""Closing Date""), we entered into a Credit Agreement (the ""Credit Agreement""), by and among the Company, as borrower, Xacta Corporation, ubIQuity.com,inc, Teloworks, Inc., and Telos Identity Management Solutions, LLC, as guarantors, the lenders party thereto (the ""Lenders""), and JPMorgan Chase Bank N.A. (""JPMorgan Chase""), as administrative agent for the Lenders (in such capacity, the ""Agent""). The Credit Agreement provided for a $30.0 million senior secured revolving credit facility with a maturity date of December 30, 2025, with the option of issuing letters of credit thereunder with a sub-limit of $5.0 million, and with an uncommitted expansion feature of up to $30.0 million of additional revolver capacity (the ""Loan""). The Loan is subject to acceleration in the event of customary events of default. The Company has not drawn any amount under the Loan. Borrowings under the Credit Agreement will accrue interest, at our option, at one of three variable rates, plus a specified margin. We can elect to borrow at (i) the Alternative Base Rate, plus 0.9%; (ii) Adjusted Daily Simple Secured Overnight Financing Rate (""SOFR""), plus 1.9%; and (iii) Adjusted Term SOFR, plus 1.9%, as such capitalized terms are defined and calculated in the Credit Agreement. The Company may elect to convert borrowings from one type of borrowing to another type per the terms of the Credit Agreement. After the occurrence and during the conti …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Table 3.1: Revenue by Customer Type For the Year Ended December 31, 2025 2024 Amount % Amount % (dollars in thousands) Federal government $ 150,038 91.0% $ 94,951 87.7% State & local government, and commercial 14,767 9.0% 13,321 12.3% Total revenue $ 164,805 $ 108,272 Table 3.2: Revenue by Contract Type For the Year Ended December 31, 2025 2024 Amount % Amount % (dollars in thousands) Firm fixed-price $ 120,811 73.3% $ 81,541 75.3% Time-and-materials 35,861 21.8% 15,839 14.6% Cost plus fixed-fee 8,133 4.9% 10,892 10.1% Total revenue $ 164,805 $ 108,272 A majority of the Company's revenue was derived under prime contracts and subcontracts with agencies and departments of the U.S. federal government. No other customer accounted for 10% or more of the Company's revenue during fiscal years ended December 31, 2025, and 2024.

DisaggregationOfRevenueTableTextBlock

"STOCK-BASED COMPENSATION On May 21, 2024, the Company authorized an additional 8,500,000 shares to be available under the Amended and Restated 2016 LTIP (""2016 LTIP""). Further, on May 8, 2025, the Company's stockholders approved an amendment to the 2016 LTIP that increased the number of shares available for issuance by an additional 4,900,000 shares. As of December 31, 2025, approximately 1.5 million shares of our common stock remain available for future issuance under the 2016 LTIP. Stock-based compensation expense recognized for restricted stock units and stock options granted to employees and non-employees is included in the consolidated statements of operations, net of adjustments. There were no income tax benefits recognized on the stock-based compensation expense for these periods. Table 11.1: Details of Stock Compensation Expense by Category For the Year Ended December 31, 2025 2024 (in thousands) Cost of sales - services $ 652 $ 828 Research and development 1,238 (121) General and administrative (1) 28,260 20,704 Total $ 30,150 $ 21,411 (1) No stock-based compensation expense related to stock options was recorded for the year ended December 31, 2025, while $0.1 million was recorded for the year ended December 31, 2024. Restricted Stock Table 11.2: Restricted Stock Unit Activity Service-Based RSU Performance-Based RSU Total Weighted-Average Grant Date Fair Value Unvested outstanding units as of December 31, 2024 1,952,103 10,683,230 12,635,333 $ 3.52 Granted 1,237,2 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"INCOME TAXES Table 14.1: Loss Before Income Tax For the Year Ended December 31, 2025 2024 (in thousands) Loss from continuing operations before income taxes: Domestic $ (37,302) $ (52,573) Foreign 93 79 Total loss before income taxes $ (37,209) $ (52,494) Table 14.2: Components of (Benefit from) Provision for Income Taxes For the Year Ended December 31, 2025 2024 (in thousands) Current provision Federal $ $ State 85 21 Foreign 12 5 Total current 97 26 Deferred tax expense Federal (560) 46 State (200) (46) Total deferred (760) (Benefit from) provision for income taxes $ (663) $ 26 Table 14.3: Reconciliation of Statutory Income Tax Expense to Actual Income Tax Expense For the Year Ended December 31, 2025 2024 Amount Rate Amount Rate (dollars in thousands) U.S. federal statutory rate $ (7,814) 21.0 % $ (11,024) 21.0 % State income taxes, net of federal income tax benefit (1) (90) % (25) % Change in valuation allowance for deferred tax assets 7,775 (21.0) % 9,855 (18.7) % Foreign tax effect Philippines (8) % (10) % Tax credits: R&D credit (26) % (1,200) 2.2 % Nontaxable or nondeductible items: Other permanent differences (90) % 82 (0.1) % Stock-based compensation (1,603) 4.0 % 298 (0.5) % Section 162(m) limitation - covered employees 1,020 (2.0) % 1,711 (3.3) % Changes in unrecognized tax benefits: Uncertain tax positions 6 % 300 (0.6) % Other adjustments: Cumulative deferred adjustments 44 % 48 (0.1) % Provision to return adjustments 123 % (9) % Effective tax rate $ (663) 2 …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

LEASES We lease office space facilities and equipment under non-cancelable operating and finance leases with various expiration dates, some of which contain renewal options. The Company's lease portfolio is comprised of two major classes. The lease of the Ashburn facility is accounted for as a finance lease. Under this lease agreement, the basic rent increases by a fixed 2.5% escalation annually, expiring on May 28, 2029. The other office spaces and equipment leased are accounted for as operating leases. Table 12.1: Details of Lease Costs For the Year Ended December 31, 2025 2024 (in thousands) Operating lease cost $ 248 $ 277 Short-term lease cost (1) 57 53 Finance lease cost Amortization of finance lease assets 1,221 1,221 Interest on finance lease liabilities 437 527 Total finance lease cost 1,658 1,748 Total lease costs $ 1,963 $ 2,078 (1) Leases that have terms of 12 months or less. Table 12.2: Future Minimum Lease Payments Operating Leases Finance Leases (in thousands) Year Ending December 31, 2026 $ 252 $ 2,372 Year Ending December 31, 2027 166 2,431 Year Ending December 31, 2028 26 2,492 Year Ending December 31, 2029 1,049 Year Ending December 31, 2030 Total minimum lease payments 444 8,344 Less: Imputed interest (26) (703) Total lease obligations 418 7,641 Less: Current portion of lease obligations (232) (2,033) Long-term lease obligations $ 186 $ 5,608 Table 12.3: Weighted-Average Remaining Lease Terms and Discount Rates For the Year Ended December 31, 2025 2024 Wei …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

"Recent Accounting Pronouncements In December 2023, the FASB issued ASU No. 2023-09, ""Income Taxes (Topic 740): Improvements to Income Tax Disclosure,"" which requires public entities, on an annual basis, (1) disclose specific categories in the rate reconciliation, and (2) provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5% of the amount computed by multiplying pretax income/(loss) by the applicable statutory income tax rate). This ASU was effective, for public entities, for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted the enhanced income taxes disclosure requirement in December 2025, on a retrospective basis (see Note 14 Income Taxes ). The adoption of this standard only affected our disclosures, with no impact on our consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, ""Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosures (Topic 220): Disaggregation of Income Statement Expenses."" This standard requires additional disclosure of certain amounts included in the expense captions presented on the statement of operations, as well as disclosures about selling expenses. The ASU is effective on a prospective basis, with the option for retrospective application. All public business entities are required to adopt the guidance in annual reporting periods beginning …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"REVENUE RECOGNITION We recognize revenue in accordance with ASC Topic 606, ""Revenue from Contracts with Customers."" The unit of account in ASC 606 is a performance obligation, which is a promise in a contract with a customer to transfer a good or service to the customer. Timing of the satisfaction of performance obligations varies across our businesses due to our diverse product and service mix, customer base, and contractual terms. Our contracts may have a single performance obligation or multiple performance obligations. When there are multiple performance obligations within a contract, we allocate the transaction price, net of any discounts, to each performance obligation based on the standalone selling price of the product or service underlying each performance obligation. Our contracts with the U.S. federal government are generally subject to the Federal Acquisition Regulation (""FAR"") and the price is typically based on estimated or actual costs plus a reasonable profit margin. As such, the standalone selling price of products or services in our contracts with the U.S. federal government is typically equal to the selling price stated in the contract. For non-U.S. federal government contracts with multiple performance obligations, the standalone selling price is the observable price of a good or service when the Company sells that good or service separately in similar circumstances and to similar customers. Contracts are routinely and often modified to account for ch …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"SEGMENT INFORMATION Operating segments are defined as components of the Company for which separate discrete financial information is available and evaluated regularly by the chief operating decision maker (""CODM"") in deciding how to allocate resources and assess performance. We identified our CEO as the CODM. We operate our business in two reportable and operating segments: Security Solutions and Secure Networks. Our Security Solutions segment is primarily focused on cybersecurity, cloud and identity solutions, and secure messaging through Xacta, Telos AMHS and Telos ID offerings. Our Secure Networks segment provides secure networking architectures and solutions to our customers through secure mobility solutions, and network management and defense services. We measure each segment's profitability based on gross profit. Our CEO evaluates the segment's performance based on metrics, such as segment revenue and gross profit, that align with our strategies and objectives, and provide a framework for the timely and rational allocation of resources between the segments. Table 16: Results of Operations by Business Segment For the Year Ended December 31, 2025 2024 Security Solutions Secure Networks Total Security Solutions Secure Networks Total (in thousands) Revenues $ 149,600 $ 15,205 $ 164,805 $ 76,760 $ 31,512 $ 108,272 Cost of sales Depreciation and amortization (1) 8,173 7 8,180 6,396 8 6,404 Stock-based compensation expense (1) 594 58 652 667 161 828 Impairment loss on intan …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principle of Consolidation The accompanying consolidated financial statements include the accounts of Telos and its subsidiaries (see Note 1 Organization ), all of whose issued and outstanding share capital is wholly owned directly and indirectly by the Telos Corporation. All intercompany transactions have been eliminated in consolidation. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (""U.S. GAAP""), and the rules and regulations of the U.S. Securities and Exchange Commission (""SEC""). Basis of Comparison Certain prior-period amounts have been reclassified to the current period presentation. In the current year, we reclassified ""Accrued liabilities"" as a separate line item on the consolidated balance sheets from ""Accounts payable"" and ""Other current liabilities"". In addition, we reclassified ""Inventories, net,"" and presented them as part of ""Other current assets"" on the consolidated balance sheets. Use of Estimates The preparation of these consolidated financial statements, in conformity with U.S. GAAP, requires management to make estimates and assumptions that affect the reported amounts of revenue, expenses, assets and liabilities, and disclosure of contingent assets and liabilities. The Company regularly assesses these estimates; however, actual results could differ from those estimates. We …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

"STOCKHOLDERS' EQUITY Capital Stock Our authorized capital stock consists of 250,000,000 shares of common stock, $0.001 par value per share, and 10,000,000 shares of preferred stock, $0.01 par value per share. As of December 31, 2025, and 2024, there were 72,773,272 and 72,514,652 shares of common stock issued and outstanding, respectively. There were no shares of preferred stock issued and outstanding on either date. Shares Repurchases On May 24, 2022, the Company announced that the Board of Directors approved a new share repurchase program (""SRP"") authorizing the Company to repurchase up to $50.0 million of its common stock. Pursuant to this authorization, the Company may repurchase shares of its common stock on a discretionary basis from time to time through open market purchases. The repurchase program has no expiration date and may be modified, suspended, or terminated at any time. As of December 31, 2025, there was $25.1 million of the authorization remaining for future common stock repurchases under the SRP. Table 10.1: Share Repurchase Program Activity For the Year Ended December 31, 2025 2024 (in thousands, except per share and share data) Amounts paid for shares repurchased (1) $ 13,627 $ Number of shares repurchased 3,108,497 Average per share price paid (1) $ 4.38 $ (1) Includes commission paid for repurchases on the open market Accumulated Other Comprehensive Loss Table 10.2: Details of Changes in Accumulated Other Comprehensive Loss by Category Foreign currenc …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

COMMITMENTS AND CONTINGENCIES Legal Proceedings From time to time, the Company may be a party to litigation or claims arising in the ordinary course of business, including those relating to employment matters, relationships with clients and contractors, intellectual property disputes, and other business matters. These legal proceedings seek various remedies, including claims for monetary damages in varying amounts, none of which are considered material, or are unspecified as to amount. Although the outcome of any such matter is inherently uncertain and may be materially adverse, based on current information, management believes that the outcome of such known matters will not have a material adverse effect on the Company's business or its unaudited consolidated financial statements as of September 30, 2025. Other - Government Contracts As a U.S. federal government contractor, we are subject to various audits and investigations by the U.S. federal government to determine whether our operations are being conducted in accordance with applicable regulatory requirements. U.S. federal government investigations of our operations, whether relating to government contracts or conducted for other reasons, could result in administrative, civil, or criminal liabilities, including repayments, fines or penalties being imposed upon us, suspension, proposed debarment, debarment from eligibility for future U.S. federal government contracting, or suspension of export privileges. Suspension or de …

CommitmentsAndContingenciesDisclosureTextBlock · excerpt; the full note is in the filing

"REVOLVING CREDIT FACILITY On December 30, 2022, we entered into a Credit Agreement (the ""Credit Agreement""), by and among the Company, as borrower, Xacta Corporation, ubIQuity.com, inc., Teloworks, Inc., and Telos Identity Management Solutions, LLC, as guarantors, the lenders party thereto (the ""Lenders""), and JPMorgan Chase Bank N.A., as administrative agent for the Lenders (in such capacity, the ""Agent""). The Credit Agreement provides for a $30.0 million senior secured revolving credit facility with a maturity date of December 30, 2025, with the option of issuing letters of credit thereunder with a sub-limit of $5.0 million, and with an uncommitted expansion feature of up to $30.0 million of additional revolver capacity (the ""Loan""). The Loan is subject to acceleration in the event of customary events of default. The Company has not drawn any amount under the Loan. Borrowings under the Credit Agreement will accrue interest, at our option, at one of three variable rates, plus a specified margin. We can elect to borrow at (i) the Alternative Base Rate, plus 0.9%; (ii) Adjusted Daily Simple Secured Overnight Financing Rate (""SOFR""), plus 1.9%; and (iii) Adjusted Term SOFR, plus 1.9%, as such capitalized terms are defined and calculated in the Credit Agreement. The Company may elect to convert borrowings from one type of borrowing to another type per the terms of the Credit Agreement. After the occurrence and during the continuance of any event of default, the intere …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

Table 3.1: Revenue by Customer Type For the Three Months Ended For the Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Amount % Amount % Amount % Amount % (dollars in thousands) Federal $ 47,296 92 % $ 20,607 87 % $ 107,268 91% $ 72,046 88% State, local, and commercial 4,148 8 % 3,176 13 % 10,760 9% 9,854 12% Total revenue $ 51,444 100 % $ 23,783 100 % $ 118,028 100 % $ 81,900 100 % Table 3.2: Revenue by Contract Type For the Three Months Ended For the Nine Months Ended September 30, 2025 September 30, 2024 September 30, 2025 September 30, 2024 Amount % Amount % Amount % Amount % (dollars in thousands) Firm fixed-price $ 39,409 77 % $ 18,293 77 % $ 84,560 71% $ 63,308 77% Time-and-materials 9,499 18 % 3,045 13 % 26,789 23% 9,204 11% Cost plus fixed fee 2,536 5 % 2,445 10 % 6,679 6% 9,388 12% Total revenue $ 51,444 100 % $ 23,783 100 % $ 118,028 100% $ 81,900 100 % A majority of the Company's revenue was derived under prime contracts and subcontracts with agencies and departments of the U.S. federal government. No other customer accounted for 10% or more of the Company's revenue during the three and nine months ended September 30, 2025, and 2024.

DisaggregationOfRevenueTableTextBlock

"STOCK-BASED COMPENSATION The Company grants stock-based compensation awards under the Amended and Restated 2016 Omnibus Long-Term Incentive Plan (the ""2016 LTIP""). We have granted stock options, restricted stock units with time-based vesting (""RSUs""), and restricted stock units with performance-based vesting (""PSUs""). Awards granted under the 2016 LTIP vest over the periods determined by the Board of Directors or the Compensation Committee of the Board of Directors, which has the discretion to establish the terms, conditions and criteria of the various awards. The RSUs granted to eligible employees and non-employees generally vest in installments over a period of up to three years. PSUs will vest upon the achievement of a defined performance target or market conditions for the Company's common stock or certain operational milestones over a prescribed period. On May 8, 2025, the Company's stockholders approved an amendment to the 2016 LTIP that increased the number of shares available for issuance under the 2016 LTIP by an additional 4,900,000 shares. As of September 30, 2025, approximately 1.6 million shares of our common stock were available for future grants under the 2016 LTIP. Stock-based compensation expense recognized for restricted stock units and stock options granted to employees and non-employees is included in the unaudited consolidated statements of operations, net of adjustments. There were no income tax benefits recognized on the stock-based compensation …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

"Recent Accounting Pronouncements The Company adopted all applicable standards effective as of December 31, 2024, within these unaudited consolidated financial statements, with no material impact as a result of the adoption. In December 2023, the Financial Accounting Standards Board (""FASB"") issued ASU No. 2023-09, ""Income Taxes (Topic 740): Improvements to Income Tax Disclosure,"" which requires public entities, on an annual basis, (1) to disclosure specific categories in the rate reconciliation, and (2) to provide additional information for reconciling items that meet a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5% of the amount computed by multiplying pretax income (loss) by the applicable statutory income tax rate). This ASU will be effective, for public entities, for the fiscal year beginning after December 15, 2024, with early adoption permitted. We are currently assessing the impact of adopting this ASU on our unaudited consolidated financial statements. In November 2024, the FASB issued ASU 2024-03, ""Income Statement Reporting Comprehensive Income Expense Disaggregation Disclosure (Topic 220): Disaggregation of Income Statement Expenses."" This standard requires additional disclosure of certain amounts included in the expense captions presented on the statements of operations, as well as disclosures about selling expenses. This ASU is effective on a prospective basis, with the option for retrospective application. …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

"REVENUE RECOGNITION We account for revenue in accordance with ASC Topic 606, ""Revenue from Contracts with Customers."" The unit of account in ASC 606 is a performance obligation, which is a promise in a contract with a customer to transfer a good or service to the customer. The majority of our revenue is recognized over time, as control is periodically transferred to our customers, who receive and consume benefits as we perform. Revenue from transfers to customers over time accounted for 77% and 74% of our revenue for the three and nine months ended September 30, 2025, respectively, and 78% and 81% of our revenue for the three and nine months ended September 30, 2024, respectively. All of our business groups earn services revenue under a variety of contract types, including time and materials, firm-fixed price, firm-fixed price level of effort, and cost-plus fixed fee contract types, which may include variable consideration. For performance obligations in which control does not periodically transfer to the customer, we recognize revenue at the point in time when each performance obligation is fully satisfied. This coincides with the point in time the customer obtains control of the product or service, which typically occurs upon customer acceptance or receipt of the product or service, given that we maintain control of the product or service until that point. Revenue from transfers to customers at a point in time accounted for 23% and 26% of our revenue for the three and ni …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

"SEGMENT INFORMATION We operate our business in two reportable and operating segments: Security Solutions and Secure Networks. Our Security Solutions segment is primarily focused on cybersecurity, cloud and identity solutions, and secure messaging through Xacta , Telos Automated Message Handling System (""AMHS"") and Telos ID offerings. Our Secure Networks segment provides secure networking architectures and solutions to our customers through secure mobility solutions, and network management and defense services. We measure each segment's profitability based on gross profit. Our Chief Executive Officer, as the chief operating decision maker (""CODM""), evaluates the segment's performance based on metrics, such as segment revenue and gross profit, that align with our strategies and objectives, and provide a framework for the timely and rational allocation of resources between the segments. Table 15.1: Results of Operations by Business Segment (Quarter) For the Three Months Ended September 30, 2025 September 30, 2024 Security Solutions Secure Networks Total Security Solutions Secure Networks Total (in thousands) Revenues $ 46,478 $ 4,966 $ 51,444 $ 18,332 $ 5,451 $ 23,783 Cost of Sales Depreciation and amortization (1) 2,354 2 2,356 1,488 2 1,490 Impairment loss on intangible assets (1) 5,333 5,333 Stock-based compensation expense (1) 142 12 154 117 (2) 115 Other segment items (2) 24,696 3,692 28,388 9,084 4,618 13,702 Total cost of sales 27,192 3,706 30,898 16,022 4,618 20,640 …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

"SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation and Principle of Consolidation The accompanying unaudited consolidated financial statements include the accounts of Telos and its subsidiaries (see Note 1 Organization ), all of whose issued and outstanding share capital is wholly owned directly and indirectly by Telos Corporation. All intercompany transactions and balances have been eliminated in consolidation. The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (""U.S. GAAP""), and the rules and regulations of the U.S. Securities and Exchange Commission (""SEC""). Basis of Presentation for Interim Periods Certain information and footnote disclosures normally included for the annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted for the interim periods presented. We believe that the unaudited interim financial statements include all adjustments (which are normal and recurring) necessary to state fairly our financial position and the results of operations and cash flows for the periods presented. The results of operations for the interim periods presented are not necessarily indicative of results that may be expected for the year or future periods. The financial statements should be read in conjunction with our audited consolidated financial statements and the notes thereto for the year ended December 31, 2024, included in o …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing