Market Signal Briefing

MINNEAPOLIS, MINNESOTA / ACCESS Newswire / February 13, 2026 / Air T, Inc. (NASDAQ:AIRT) today announced its intention to raise additional capital through the company's outstanding trust preferred security, the Alpha Income Preferred Securities (NASDAQ:AIRTP), issued by Air T Funding and guaranteed by Air T, Inc. The company plans to access capital periodically and opportunistically through its at-the-market ("ATM") facility, allowing Air T to raise funds efficiently as strategic opportunities arise.

In addition to the ATM program, the Company may also offer the same Alpha Income Preferred Securities through privately negotiated placements with institutional investors when such transactions align with its capital strategy.

Strategic Rationale

Air T is currently evaluating several high-potential initiatives, including the expansion of its Commercial Aircraft Engine and Parts segment and deploying additional capital to support one of its existing investees. Preserving balance sheet flexibility remains a central priority as the company continues to pursue disciplined growth.

"We are excited about the opportunities immediately in front of us and want to ensure we can take decisive action when the timing is right," said Tracy Kennedy, Air T's CFO. "The flexibility afforded by our trust preferred security and our ATM program provides us with an efficient path to raise capital while remaining thoughtful about dilution and cost of capital. These tools position us to move quickly on initiatives we believe will drive meaningful long-term value for shareholders."

Shelf Registration Framework

The company's shelf registration statement operates under the SEC's "baby shelf" provisions, applicable to issuers with a public float below $75 million. Under these rules, eligible issuers may use Form S-3 to conduct primary offerings but are limited in the amount of securities they may sell under the shelf during any 12-month period. This structure allows smaller public companies to move quickly in the capital markets while maintaining guardrails designed to protect investors and ensure appropriate disclosures.

This framework enables Air T to raise capital incrementally, matching capital deployment to strategic timing rather than relying on large, infrequent offerings.

Commitment to Long-Term Growth

Air T remains committed to growing the value of its diversified portfolio of operating companies and investments. By utilizing the flexibility of its trust preferred security, the Company believes it can continue to seize opportunities that align with its long-term objectives while maintaining prudent financial discipline.

About Air T, Inc.

Air T, Inc. (NASDAQ:AIRT) is a diversified holding company that operates through a portfolio of businesses spanning aviation services, commercial aircraft engines and parts, and other strategic investments. The Company is headquartered in Minneapolis, Minnesota. For more information, visit www.airt.net.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and beliefs and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those described in the forward-looking statements. Words such as "intends," "plans," "expects," "believes," "anticipates," "evaluating," and similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements regarding the Company's plans to raise capital, the anticipated use of proceeds, and the pursuit of strategic opportunities. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, among others, market conditions, the Company's ability to identify and execute on strategic opportunities, general economic conditions, and other risk factors described in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Contact:

Tracy Kennedy, Chief Financial Officer
[email protected]

Katrina Philp, Chief of Staff
[email protected]

SOURCE: Air T, Inc.

Airbnb says its custom-built AI agent is now handling roughly a third of its customer support issues in North America, and it’s preparing to roll out the feature globally. If successful, the company believes that in a year’s time, more than 30% of its total customer support tickets will be handled by AI voice and chat in all the languages where it also employs a human customer service agent.

“We think this is going to be massive because not only does this reduce the cost base of Airbnb customer service, but the quality of service is going to be a huge step change,” CEO Brian Chesky said during the company’s fourth-quarter earnings call this week. This seems to suggest he believes the AI would do a better job than its human counterparts in resolving some issues.

The company also touted its recent hire of CTO Ahmed Al-Dahle, poached from Meta for his AI expertise, and its plans to create an AI-native experience.

With his guidance, Chesky said that Airbnb was poised to introduce an app that doesn’t just search for you, but one that “knows you.”

“It will help guests plan their entire trip, help hosts better run their businesses, and help the company operate more efficiently at scale,” Chesky explained, adding that’s why Airbnb brought Al-Dahle on board.

“Ahmad is one of the world’s leading AI experts. He spent 16 years at Apple, and most recently led the generative AI team at Meta that built the Llama models. He’s an expert at pairing massive technical scale with world-class design, which is exactly how we’re going to transform the Airbnb experience,” Chesky noted.

Like other businesses poised for disruption by AI, Airbnb’s leadership is pushing the idea that it has a unique database and product that other AI chatbots can’t replicate.

“A chatbot doesn’t have our 200 million verified identities or our 500 million proprietary reviews, and it can’t message the hosts, which 90% of our guests do,” Chesky told analysts during the earnings call. Instead, he pitched the idea of layering AI over the Airbnb experience, which he claimed would help to accelerate growth.

The company forecast revenue growth would grow in the “low double digits” this year, after pulling in $2.78 billion in the fourth quarter, above estimates of $2.72 billion. This quarter, it expects revenue of $2.59 billion to $2.63 billion, above Wall Street forecasts of $2.53 billion.

Investors still wanted to know if AI platforms could be a risk in the long-term, assuming they moved into the short-term rentals market. Chesky, however, pushed back at that idea, saying that Airbnb isn’t just the consumer-facing app; it’s also the host app, the customer service, and the protections it offers, like insurance and user verifications.

“We’ve built this over 18 years. We handle more than $100 billion in payments through the platform,” he said.

Meanwhile, AI chatbots serve a function similar to search, in that they deliver top-of-funnel traffic, he noted. That traffic also converts at a higher rate than traffic from Google, Chesky pointed out, suggesting that the shift to AI would benefit Airbnb.

The company is already using AI to power its search, with the feature now enabled for a “very small percentage” of Airbnb’s traffic, while it experiments with making its search more conversational. Later, the company plans to integrate sponsored listings within search.

While Spotify this week told investors its best developers hadn’t written a single line of code since December, thanks to AI, Airbnb offered a more high-level metric on its own internal AI adoption. The company said that 80% of its engineers now use AI tools, and it’s working to get that to 100% soon.

Sarah has worked as a reporter for TechCrunch since August 2011. She joined the company after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

You can contact or verify outreach from Sarah by emailing [email protected] or via encrypted message at sarahperez.01 on Signal.

HomeIndustriesInternet/Online ServicesTech StocksTech StocksAs shares of Amazon deepen into a bear market, investors are once again weighing if the company’s spending plans will pay offPublished: Feb. 13, 2026 at 5:14 p.m. ET

Amazon.com investors are currently enduring a brutal selloff, the likes of which haven’t been seen since the company was still primarily known for selling books and CDs.

Shares of Amazon AMZN officially recorded their ninth consecutive day of losses on Friday, closing at $198.79. The stock is down 18.2% over this period, which marks the longest losing streak for Amazon’s stock since July 2006, according to Dow Jones Market Data.

New York, New York--(Newsfile Corp. - February 13, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds sellers of Endeavor Group Holdings, Inc. (NYSE: EDR) Class A common stock between January 15, 2025 and March 24, 2025, both dates inclusive (the "Class Period"), of the important March 18, 2026 lead plaintiff deadline.

SO WHAT: If you sold Endeavor Class A common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 18, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: The lawsuit seeks to recover damages on behalf of investors that were damaged as a result of allegedly false and misleading statements and omissions of material facts in the January 15, 2025 Information Statement (filed with the U.S. Securities and Exchange Commission (the "SEC") pursuant to the securities laws) and subsequent amendment issued by defendants, and related filings with the SEC. Among other things, the complaint alleges the Information Statement and other solicitation materials misled investors regarding the true value of Endeavor's shares, failed to adequately disclose the earnings of Endeavor's executives under the terms of the Merger (a take-private merger), and failed to disclose conflicts of interests with Endeavor's special committee and financial advisor.

To join the Endeavor class action, go to https://rosenlegal.com/submit-form/?case_id=51048 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283864

Source: The Rosen Law Firm PA

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Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a first quarter 2026 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on March 31, 2026, to stockholders of record at the close of business on March 16, 2026. 

About Extra Space Storage Inc.

Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500.  As of September 30, 2025, the Company owned and/or operated 4,238 self-storage properties, which comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable storage space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

For more information, please visit www.extraspace.com.

SOURCE Extra Space Storage Inc.

Also from this source

Hong Kong, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Skyline Builders Group Holding Limited (NASDAQ: SKBL) (the “Company”), a civil engineering services provider in Hong Kong, today announced that on February 13, 2026 (the “Closing Date”) it closed its previously announced concurrent private placements (the “Private Placements”) of its Series B Preferred Shares, par value $0.00001 per share, (the “Preferred Shares”). The Company issued an aggregate of 6,322 Preferred Shares for aggregate gross proceeds of approximately $31.59 million, before deducting placement agent fees and other offering expenses payable by the Company. Approximately $26.59 million of Preferred Shares were issued under a Regulation D offering to “accredited” investors and approximately $5 million of Preferred Shares were issued under a Regulation S offering outside of the United States to non-US investors.

In connection with the Private Placements, the Company issued to Dominari Securities LLC and Ocean Wall Limited (the “Placement Agents”) Class A ordinary share purchase warrants to purchase Class A ordinary shares equal to six percent (6%) of the Class A ordinary shares underlying the Preferred Shares on the closing date (the “Placement Agent Warrants”).

Each Preferred Share is convertible into Class A ordinary shares (the “Conversion Shares”) with a conversion price of $2.40 per share, subject to certain anti-dilution adjustments, but in no event less than $1.50 per share and other customary adjustments for share splits, recapitalizations, reorganizations and similar transactions. Each Placement Agent Warrant is immediately exercisable and entitles the holder to acquire one Class A ordinary share at an exercise price of $2.40 per share.

The Company intends to use the net proceeds of the private placement for general working capital and other general corporate purposes.

The securities issued and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or state securities laws and may not be offered or sold in the United States absent registration under the Securities Act of 1933, as amended (the “Securities Act”) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the Securities and Exchange Commission covering the resale of the Conversion Shares and the Class A ordinary shares underlying the Placement Agent Warrants issued to the placement agents at closing. Any resale of the Company’s shares under such resale registration statement will be made only by means of a prospectus or pursuant to an exemption from the Securities Act.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws.

About Skyline Builders Group Holding Limited

Skyline Builders Group Holding Limited (NASDAQ: SKBL) operates as an Approved Public Works Contractor undertaking roads and drainage to its customers in Hong Kong. Its construction activities mainly include public civil engineering works, such as road and drainage works, in Hong Kong. It mostly undertakes civil engineering works in the role of subcontractor, while it is also fully qualified to undertake such works in the capacity of main contractor. The Company’s public sector projects mainly involve infrastructure developments while private sector projects mainly involve residential and commercial developments.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. These forward-looking statements include statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Skyline Builders Group Holding Limited

Investor Relations Department
Email: [email protected]

Our expanded ETF platform now exceeds $200 million in AUM
Successful year-end close of WES II with over $300 million in commitments
Managed Investment Solutions team secured its first institutional client

DALLAS, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported fourth quarter and fiscal year 2025 earnings. Significant items include:

Investment strategies beating their primary benchmarks in the fourth quarter included Enhanced Balanced, Total Return, Income Opportunity, Multi-Asset Income, Alternative Income, MLP & Energy Infrastructure, Westwood Salient Enhanced Midstream Income ETF and Westwood Salient Enhanced Energy Income ETF.Income Opportunity posted a top quartile ranking vs. peers and Total Return posted a top decile ranking in the quarter.Quarterly revenues totaled $27.1 million versus the third quarter's $24.3 million and $25.6 million a year ago. Income of $1.9 million compared with $3.7 million in the third quarter and $2.1 million in the fourth quarter of 2024.Non-GAAP Economic Earnings of $3.3 million for the quarter compared with $5.7 million in the third quarter and $3.4 million in the fourth quarter of 2024.Westwood held $44.1 million in cash and liquid investments at December 31, 2025, up $4.5 million from September 30, 2025. Westwood's stockholders' equity totaled $125.6 million as of December 31, 2025 and we continue to have no debt.We declared a cash dividend of $0.15 per common share, payable on April 1, 2026 to stockholders of record on March 3, 2026. Brian Casey, Westwood’s CEO, commented, "We strengthened our competitive position throughout last year, expanding our ETF platform with the launch of YLDW, our Enhanced Income Opportunity ETF, and we now have more than $200 million in ETF assets. We closed our second flagship energy secondaries fund and two co-investment funds with over $300 million in capital commitments, well above our initial target, and our Managed Investment Solutions business scored its first institutional client win. These achievements underscore our team’s disciplined execution abilities and our commitment to deliver innovative, high‑quality investment solutions for our clients. As we begin this new year, we are well‑positioned to build on these new initiatives."

Revenues increased from the third quarter due to significant investor interest in our exchange-traded funds ("ETFs") and private energy secondaries funds, along with higher performance fees. Revenues increased from 2024's fourth quarter primarily due to higher average assets under management ("AUM") and higher revenues from our ETFs and private energy secondaries funds, partially offset by lower performance fees.

Firmwide assets under management and advisement totaled $17.4 billion, consisting of $16.5 billion in AUM and assets under advisement ("AUA") of $0.9 billion.

Fourth quarter income of $1.9 million compared to $3.7 million in the third quarter due to higher performance-related incentive compensation in the fourth quarter and unrealized appreciation on strategic private investments in the third quarter, offset by higher revenues. Diluted EPS of $0.21 compared to $0.41 per share for the third quarter. Non-GAAP Economic Earnings were $3.3 million, or $0.36 per share, compared to the third quarter's $5.7 million, or $0.64 per share.

Fourth quarter income of $1.9 million compared to last year's fourth quarter of $2.1 million as a result of higher revenues and the impact in 2024 of changes in the fair value of contingent consideration, offset by higher performance-related incentive compensation expenses and additional professional service costs. Diluted EPS of $0.21 compared with $0.24 per share for 2024's fourth quarter. Non-GAAP Economic Earnings of $3.3 million, or $0.36 per share, compared to $3.4 million, or $0.39 per share, in the fourth quarter of 2024.

2025 income of $7.1 million compared to $2.2 million in 2024 on higher revenues, unrealized appreciation on strategic private investments, and the impact in 2024 of changes in the fair value of contingent consideration, offset by higher professional service and information technology costs. Diluted EPS was $0.79 per share compared with $0.26 per share for 2024. Economic EPS of $1.61 compared with $0.82 in 2024.

Economic Earnings and Economic EPS are non-GAAP performance measures that are explained and reconciled with the most comparable GAAP numbers in the attached tables.

Westwood will host a conference call to discuss fourth quarter and fiscal year 2025 results and other business matters at 4:30 p.m. Eastern time today. To join the conference call, please register here:

https://register-conf.media-server.com/register/BI07b829e2b37f4ae6966af1ad4c72fd74

After registering, you will be provided with a dial-in number containing a personalized PIN.

To view the webcast, please register here:

https://edge.media-server.com/mmc/p/qe4gtv6e

Once registered, an email will be sent with important details for this conference call, as well as a unique Registrant ID.

ABOUT WESTWOOD HOLDINGS GROUP

Westwood Holdings Group (NYSE: WHG) is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies, along with white-glove trust and wealth services, to institutional, intermediary and private wealth clients. For over 40 years, Westwood’s client-first approach has fostered strong, long-term client relationships due to our unwavering commitment to delivering bespoke investment strategies with a vehicle-optimized approach, exceptional counsel and unparalleled client service. Our flexible and agile approach to investing allows us to adapt to constantly changing markets, while continually seeking innovative strategies that meet our investors’ short and long-term needs.

Our team at Westwood comes from varied backgrounds and life experiences, which reflects our origins as a woman-founded firm. We are committed to incorporating diverse insights and knowledge into all aspects of our services and solutions. Our culture and approach to our business reflect our core values - integrity, reliability, responsiveness, adaptability, teamwork and driving results - and underpin our constant pursuit of excellence.

For more information on Westwood, please visit westwoodgroup.com.

Forward-looking Statements

Statements in this press release that are not purely historical facts, including, without limitation, statements about our expected future financial position, results of operations or cash flows, as well as other statements including without limitation, words such as “anticipate,” “believe,” “expect,” “could,” and other similar expressions, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results and the timing of some events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation: the composition and market value of our AUM and AUA; our ability to maintain our fee structure in light of competitive fee pressures; risks associated with actions of activist stockholders; distributions to our common stockholders have included and may in the future include a return of capital; inclusion of foreign company investments in our AUM; regulations adversely affecting the financial services industry; our ability to maintain effective cyber security; litigation risks; our ability to develop and market new investment strategies successfully; our reputation and our relationships with current and potential customers; our ability to attract and retain qualified personnel; our ability to perform operational tasks; our ability to select and oversee third-party vendors; our dependence on the operations and funds of our subsidiaries; our ability to maintain effective information systems; our ability to prevent misuse of assets and information in the possession of our employees and third-party vendors, which could damage our reputation and result in costly litigation and liability for our clients and us; our stock is thinly traded and may be subject to volatility; competition in the investment management industry; our ability to avoid termination of client agreements and the related investment redemptions; the significant concentration of our revenues in a small number of customers; we have made and may continue to make business combinations as a part of our business strategy, which may present certain risks and uncertainties; our relationships with investment consulting firms; our ability to identify and execute on our strategic initiatives; our ability to declare and pay dividends; our ability to fund future capital requirements on favorable terms; our ability to properly address conflicts of interest; our ability to maintain adequate insurance coverage; our ability to maintain an effective system of internal controls; and the other risks detailed from time to time in Westwood’s SEC filings, including, but not limited to, its annual report on Form 10-K for the year ended December 31, 2024 and its quarterly report on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, Westwood is not obligated to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

SOURCE: Westwood Holdings Group, Inc.

(WHG-G)

CONTACT:

Westwood Holdings Group, Inc.

Terry Forbes

Chief Financial Officer and Treasurer

(214) 756-6900

WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share and share amounts)
(unaudited)
 Three Months Ended December 31, 2025 September 30, 2025 December 31, 2024REVENUES:     Advisory fees:     Asset-based$20,149  $18,887  $18,025Performance-based 874   —   1,393Trust fees 5,646   5,416   5,635Trust performance-based 260   —   482Other, net 172   (14)  47Total revenues 27,101   24,289   25,582EXPENSES:     Employee compensation and benefits 15,427   13,286   14,090Sales and marketing 694   633   641Westwood funds 1,303   1,101   880Information technology 2,630   2,893   2,450Professional services 2,225   1,593   717General and administrative 2,658   2,774   3,044Loss from change in fair value of contingent consideration —   —   1,199Total expenses 24,937   22,280   23,021Net operating income 2,164   2,009   2,561Net change in unrealized appreciation (depreciation) on private investments —   1,932   —Net investment income 470   459   593Other income 291   292   219Income before income taxes 2,925   4,692   3,373Provision for income taxes 1,085   963   1,274Net income$1,840  $3,729  $2,099Less: income (loss) attributable to noncontrolling interest (23)  30   43Income attributable to Westwood Holdings Group, Inc.$1,863  $3,699  $2,056Earnings per share:     Basic$0.22  $0.44  $0.25Diluted$0.21  $0.41  $0.24Weighted average shares outstanding:     Basic 8,418,874   8,418,174   8,271,614Diluted 9,003,337   8,941,347   8,756,976Economic Earnings$3,276  $5,714  $3,377Economic EPS$0.36  $0.64  $0.39Dividends declared per share$0.15  $0.15  $0.15 WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share and share amounts)
(unaudited)
 Year Ended December 31, 2025
 2024
REVENUES:   Advisory fees:   Asset-based$74,722 $69,755 Performance-based 874  1,393 Trust fees 21,560  21,422 Trust performance-based 260  482 Other, net 346  1,669 Total revenues 97,762  94,721 EXPENSES:   Employee compensation and benefits 56,686  56,011 Sales and marketing 2,744  2,668 Westwood funds 4,258  3,254 Information technology 10,894  9,662 Professional services 6,917  5,468 General and administrative 11,290  11,947 Loss from change in fair value of contingent consideration —  4,881 Total expenses 92,789  93,891 Net operating income 4,973  830 Net change in unrealized appreciation (depreciation) on private investments 1,932  — Net investment income 1,655  2,183 Other income 1,117  1,002 Income before income taxes 9,677  4,015 Income tax provision 2,600  1,804 Net income$7,077 $2,211 Less: income (loss) attributable to noncontrolling interest 19  (4)Income attributable to Westwood Holdings Group, Inc.$7,058 $2,215 Earnings per share:   Basic$0.84 $0.27 Diluted$0.79 $0.26 Weighted average shares outstanding:   Basic 8,374,352  8,163,465 Diluted 8,885,580  8,515,779 Economic Earnings$14,296 $6,965 Economic EPS$1.61 $0.82 Dividends declared per share$0.60 $0.60  WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except par value and share amounts)
(unaudited)
 December 31, 2025 December 31, 2024ASSETS   Cash and cash equivalents$26,249  $18,847 Accounts receivable 16,751   14,453 Investments at fair value (amortized cost of $19,923 and $26,788) 21,433   27,694 Investments under measurement alternative 15,697   10,747 Equity method investments 4,303   4,250 Income taxes receivable —   295 Other assets 8,453   6,780 Goodwill 39,501   39,501 Deferred income taxes 2,452   2,244 Operating lease right-of-use assets 9,676   2,559 Intangible assets, net 18,199   21,668 Property and equipment, net of accumulated depreciation of $8,952 and $8,424 536   951 Total assets$163,250  $149,989 LIABILITIES AND STOCKHOLDERS’ EQUITY   Liabilities:   Accounts payable and accrued liabilities$7,584  $6,413 Dividends payable 2,701   2,466 Compensation and benefits payable 13,626   10,924 Operating lease liabilities 10,171   3,197 Income taxes payable 1,493   — Contingent consideration —   4,657 Total liabilities 35,575   27,657 Stockholders’ Equity:   Common stock, $0.01 par value, authorized 25,000,000 shares, issued 12,337,758 and 12,137,080, respectively and outstanding 9,394,066 and 9,234,575, respectively 124   122 Additional paid-in capital 206,120   202,239 Treasury stock, at cost – 2,983,692 and 2,902,505 shares, respectively (89,612)  (88,277)Retained earnings 8,983   6,207 Total Westwood Holdings Group, Inc. stockholders' equity 125,615   120,291 Noncontrolling interest in consolidated subsidiary 2,060   2,041 Total equity 127,675   122,332 Total liabilities and stockholders’ equity$163,250  $149,989  WESTWOOD HOLDINGS GROUP, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
 Year ended December 31,  2025   2024 Cash flows from operating activities:   Net income$7,077  $2,211 Adjustments to reconcile net income to net cash provided by operating activities:   Depreciation 501   602 Amortization of intangible assets 3,945   4,148 Net change in unrealized (appreciation) depreciation on investments (1,999)  (790)Stock-based compensation expense 5,148   5,537 Deferred income taxes (208)  (1,518)Non-cash lease expense 1,015   1,115 Fair value change of contingent consideration —   4,881 Changes in operating assets and liabilities:   Accounts receivable (2,298)  (59)Other assets (1,673)  (1,227)Accounts payable and accrued liabilities 1,171   283 Compensation and benefits payable 2,702   1,385 Income taxes receivable and payable 1,788   (90)Other liabilities (1,148)  (1,402)Net sales of trading securities 6,390   6,046 Contingent consideration (4,442)  — Net cash provided by operating activities 17,969   21,122 Cash flows from investing activities:   Purchases of investments (3,131)  (3,500)Purchases of property and equipment (86)  (109)Additions to internally developed software (449)  (1,004)Net cash used in investing activities (3,666)  (4,613)Cash flows from financing activities:   Purchases of treasury stock —   (1,348)Restricted stock returned for payment of taxes (1,335)  (939)Payment of contingent consideration in acquisition (201)  (10,357)Cash dividends (5,365)  (5,440)Net cash used in financing activities (6,901)  (18,084)Net change in cash and cash equivalents 7,402   (1,575)Cash and cash equivalents, beginning of period 18,847   20,422 Cash and cash equivalents, end of period$26,249  $18,847 Supplemental cash flow information:   Cash paid during the period for income taxes$1,019  $3,431 Right-of-use assets obtained in exchange for operating lease liabilities$8,133  $— Accrued dividends$2,701  $2,466 
WESTWOOD HOLDINGS GROUP, INC.
Reconciliation of Income Attributable to Westwood Holdings Group, Inc. to Economic Earnings
(in thousands, except per share and share amounts)
(unaudited)

As supplemental information, we are providing non-GAAP performance measures that we refer to as Economic earnings and Economic earnings per share. We provide these measures in addition to, not as a substitute for, income attributable to Westwood Holdings Group, Inc. and earnings per share, which are reported on a GAAP basis. Our management and Board of Directors review Economic earnings and Economic earnings per share to evaluate our ongoing performance, allocate resources, and review our dividend policy. We believe that these non-GAAP performance measures, while not substitutes for GAAP income attributable to Westwood Holdings Group, Inc. or earnings per share, are useful for management and investors when evaluating our underlying operating and financial performance and our available resources. We do not advocate that investors consider these non-GAAP measures without also considering financial information prepared in accordance with GAAP.

We define Economic earnings as income attributable to Westwood Holdings Group, Inc. plus non-cash equity-based compensation expense, amortization of intangible assets and deferred taxes related to goodwill. Although depreciation on fixed assets is a non-cash expense, we do not add it back when calculating Economic earnings because depreciation charges represent an allocation of the decline in the value of the related assets that will ultimately require replacement. Although gains and losses from changes in the fair value of contingent consideration are non-cash, we do not add or subtract those back when calculating Economic earnings because gains and losses on changes in the fair value of contingent consideration are considered regular following an acquisition. In addition, we do not adjust Economic earnings for tax deductions related to restricted stock expense or amortization of intangible assets. Economic earnings per share represents Economic earnings divided by diluted weighted average shares outstanding.

 Three Months Ended December 31,
2025 September 30,
2025 December 31,
2024Income attributable to Westwood Holdings Group, Inc.$1,863  $3,699  $2,056 Stock-based compensation expense 1,223   1,303   1,216 Intangible amortization 802   1,061   1,063 Tax benefit from goodwill amortization 136   136   (97)Tax impact of adjustments to GAAP income (748)  (485)  (861)Economic Earnings$3,276  $5,714  $3,377 Earnings per share$0.21  $0.41  $0.23 Stock-based compensation expense 0.14   0.15   0.14 Intangible amortization 0.07   0.11   0.13 Tax benefit from goodwill amortization 0.02   0.02   (0.01)Tax impact of adjustments to GAAP income (0.08)  (0.05)  (0.10)Economic EPS$0.36  $0.64  $0.39 Diluted weighted average shares 9,003,337   8,941,347   8,756,976   Year Ended December 31,  2025   2024 Income attributable to Westwood Holdings Group, Inc.$7,058  $2,215 Stock-based compensation expense 5,148   5,537 Intangible amortization 3,945   4,148 Tax benefit from goodwill amortization 533   340 Tax impact of adjustments to GAAP income (2,388)  (5,275)Economic Earnings$14,296  $6,965 Earnings per share$0.79  $0.26 Stock-based compensation expense 0.58   0.65 Intangible amortization 0.45   0.49 Tax benefit from goodwill amortization 0.06   0.04 Tax impact of adjustments to GAAP income (0.27)  (0.62)Economic EPS$1.61  $0.82 Diluted weighted average shares 8,885,580   8,515,779 

Moderna (MRNA) experienced a wild start to 2026, with shares nearly doubling before pulling back 20% from the recent 52-week high. Rick Ducat dives into technical trends to watch and the various support and resistance levels in the stock chart.

CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora, Inc. (NYSE: COR) today announced the closing of its public offering of $500 million aggregate principal amount of its 3.950% Senior Notes due February 13, 2029 (the “2029 Notes”), $500 million aggregate principal amount of its 4.250% Senior Notes due November 15, 2030 (the “2030 Notes”), $500 million aggregate principal amount of its 4.600% Senior Notes due February 13, 2033 (the “2033 Notes”), $1.0 billion aggregate principal amount of its 4.900% Se.

NEW YORK, Feb. 13, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Phoenix Education Partners, Inc. (NYSE: PXED) resulting from allegations that Phoenix Education may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Phoenix Education securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=50770 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On January 3, 2026, Fox News published an article entitled “University of Phoenix data breach hits 3.5M people.” The story stated that the “University of Phoenix has confirmed a major data breach affecting nearly 3.5 million people. The incident traces back to August when attackers accessed the university’s network and quietly stole sensitive information.”

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

February 13, 2026 16:15 ET  | Source: Inception Growth Acquisition Limited

New York, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Inception Growth Acquisition Limited (NASDAQ: IGTA, the “Company”), a publicly traded special purpose acquisition company, announced today that on February 12, 2026, the Company deposited $12,203.33 into the Company’s trust account (the “Trust Account”)  in order to extend the period of time the Company has to complete a business combination for an additional one (1) month period, from February 13, 2026 to March 13, 2026. The purpose of the extension is to provide additional time for the Company to complete a business combination.

About Inception Growth Acquisition Limited

Inception Growth Acquisition Limited is a blank check company incorporated under the laws of Delaware whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities. 

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact

Inception Growth Acquisition Limited
Investor Relationship Department
(315) 636-6638

-

JERSEY CITY, N.J.--(BUSINESS WIRE)--Copper Property CTL Pass Through Trust (“the Trust”) today posted the estimated Federal income tax information of the Trust’s 2025 earnings to its website. Final information is anticipated to be posted no later than March 31, 2026. The information can be downloaded here.

Nothing contained herein or therein should be construed as tax advice. Consult your tax advisor for more information. Furthermore, you may not rely upon any information herein or therein for the purpose of avoiding any penalties that may be imposed under the Internal Revenue Code. Certificateholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Trust’s distributions.

Additional information can be obtained on the Trust’s website.

About Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/.

Forward Looking Statement

This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

More News From Copper Property CTL Pass Through Trust

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MaxHealth is a Florida-based primary care organization with a network of 82 owned and affiliated clinics, providing care to more than 80,000 patients in value-based care programs. CenterWell Senior Primary Care is the nation's largest senior-focused, value-based primary care provider. The acquisition will expand the reach of CenterWell Senior Primary Care to new key markets and allow it to serve more patients with CenterWell's unique approach to personalized and integrated care. , /PRNewswire/ -- CenterWell, the healthcare services division of Humana Inc., today announced the successful completion of its acquisition of MaxHealth from Arsenal Capital Partners ("Arsenal"), a private equity investment firm that specializes in building market-leading industrial growth and healthcare companies, and MaxHealth's founder-shareholders. MaxHealth currently maintains a network of 54 owned primary care clinics, 4 owned specialty/ancillary clinics and 24 downstream affiliate clinics throughout West and South Florida that together provide high-quality, integrated care to more than 120,000 patients, including more than 80,000 patients in value-based care programs.

MaxHealth will now be affiliated with and owned by CenterWell Senior Primary Care, the nation's largest senior-focused, value-based primary care provider. The acquisition will expand the reach of CenterWell Senior Primary Care to new key markets and allow it to serve more patients with CenterWell's unique approach to personalized and integrated care. Financial terms of the transaction were not disclosed.

"We are pleased to complete the acquisition of MaxHealth and are excited to welcome their dedicated team of clinicians and staff to CenterWell Senior Primary Care," said Sanjay Shetty, M.D., President of CenterWell. "MaxHealth is a patient-centered, results-driven organization that simplifies the healthcare experience and empowers patients to live their best lives – values that align closely with everything we do at CenterWell. Together, we will make an even bigger difference for those we serve."

"MaxHealth was built through the collective efforts of physician-founded organizations and a remarkable team committed to reshaping healthcare delivery in Florida," said Kimberly Ficocelli, Co-Founder of MaxHealth. "From the very beginning, we set out to build a platform grounded in strong provider alignment, patient-first care, and a disciplined approach to growth. Arsenal understood that vision, and our partnership helped turn it into a scaled, durable organization. I am incredibly proud of what this team has built and excited for the impact MaxHealth will continue to have for patients and communities across the state under the stewardship of CenterWell."

"This milestone reflects the extraordinary work of the founders who built MaxHealth, the physicians who deliver exceptional care every day, and the teammates across our organization who bring our mission to life," said Michelle Leslie, Chief Executive Officer of MaxHealth. "We are deeply grateful to Arsenal Capital Partners for its partnership and support during a period of meaningful growth. As we join CenterWell, we are excited to build on this strong foundation and further expand access to high-quality, patient-centered care for the communities we serve."

"We are proud of the founders and the MaxHealth team in how they have set the standard for delivering high-quality care for patients across Florida," said Martin Coulter, Chairman of MaxHealth and an Operating Partner of Arsenal. "As part of the CenterWell organization, MaxHealth is positioned for continued growth and scaling of its platform. We are delighted to have supported the company and its management team through this chapter and are grateful to the Humana and CenterWell leadership teams for their collaboration and partnership as MaxHealth begins the next leg of its journey." 

Guggenheim Securities, LLC served as the lead financial advisor to MaxHealth, and Morgan Stanley also acted as financial advisor to the company. Sidley Austin LLP served as legal counsel to MaxHealth. For Humana and CenterWell, J.P. Morgan Securities LLC served as financial advisor and Latham & Watkins LLP served as legal counsel.

About Arsenal Capital Partners
Arsenal Capital Partners ("Arsenal") is a private equity investment firm that specializes in building market-leading industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 300 platform and add-on acquisitions and achieved more than 35 realizations. Driven by our commitment to unlock potential in people, businesses and technologies, the firm partners with management teams to build strategically important companies with leading market positions, high growth and high value-add. For more information, visit www.arsenalcapital.com.

About CenterWell 
CenterWell is a leading healthcare services business focused on creating integrated and differentiated experiences that put our patients at the center of everything we do. The result is high-quality healthcare that is accessible, comprehensive and, most of all, personalized. As the largest provider of senior-focused primary care, a leading provider of home healthcare and a leading integrated home delivery, specialty, hospice and retail pharmacy, CenterWell is focused on whole health and addressing the physical, emotional and social wellness of our patients. CenterWell is part of Humana Inc. (NYSE: HUM). Learn more about what we offer at CenterWell.com.

About MaxHealth
MaxHealth is dedicated to simplifying healthcare and ensuring healthier futures. Founded in 2015, MaxHealth is a leading primary care platform focused on providing high-quality, integrated care to adults and senior patients throughout Florida. Its patients are supported by a 530-member team that includes 100+ primary care providers and 30+ specialists across 58 owned clinics and 24 affiliated clinics.

MaxHealth was founded by three provider organizations: (1) Best Value Healthcare founded by Dr. Rajankumar Naik, Kimberly Ficocelli and Dillon Moore; (2) MAXhealth founded by Tom Blankenship, Neil Bedi and Inita Bedi; and (3) Primary Care Associates founded by Dr. Paul Pulcini and Gladymar Vrkic. These three organizations came together along with an additional 13 independent providers under the common ownership of Arsenal Capital Partners.

FOR MORE INFORMATION CONTACT:

Investors - Humana:                          Lisa Stoner - [email protected]
Media - CenterWell:                           Mark Taylor - [email protected]
Media - Arsenal Capital Partners:    Ellen Pavlovsky - [email protected]

SOURCE Arsenal Capital Partners

Resources Investor Relations Journalists Agencies Client Login Send a Release

News Products Contact Hamburger menu Send a Release RESTON, Va., Feb. 13, 2026 /PRNewswire/ -- Leidos Holdings, Inc. (NYSE:LDOS) announced today that its board of directors has declared a quarterly cash dividend of $0.43 per outstanding share of the company's common stock. The cash dividend is payable on March 31, 2026, to stockholders of record as of the close of business on March 16, 2026.

About Leidos

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. For more information, visit www.leidos.com.

Media Contact:

Brandon Ver Velde
(571) 526-6257
[email protected] 

Investor Relations:

Stuart Davis
(571) 526-6124
[email protected]

SOURCE Leidos Holdings, Inc.

Also from this source

Wendy’s will shutter hundreds of US restaurants after reporting an 11.3% sales plunge in its home market, with several locations already closed.

The company said it plans to shut down about 5% to 6% of its US restaurants in the first half of 2026 — or about 240 to 360 locations.

Wendy’s has already ceased operations at restaurants in West Lafayette, Ind.; Stockton, Calif.; and Langhorne, Pa.

The burger chain reported a 10% drop in global comparable sales in the fourth quarter, including the 11.3% decline in the US — its largest market.

Wendy’s shares plunged in premarket trading after the company projected weak 2026 earnings and announced plans to close up to 6% of its US footprint. AP The results fell short of Wall Street expectations and capped off a bruising end to the year for the company.

Adjusted EBITDA for the fourth quarter came in at $113.3 million, narrowly topping analyst estimates of about $112.6 million.

Adjusted earnings per share were 16 cents, beating expectations of 14 to 15 cents, while revenue of $540.75 million was roughly in line with forecasts.

For the full year, Wendy’s reported adjusted EBITDA of $522.4 million and adjusted earnings of 88 cents per share.

But investors focused on the outlook as the company projected 2026 adjusted EBITDA of $460 million to $480 million and adjusted EPS of 56 cents to 60 cents — far below analyst expectations of about 86 cents per share and, in the case of EBITDA, below even the lowest estimate. That sent shares sharply lower.

The burger chain reported an 11.3% drop in US same-restaurant sales in the fourth quarter, its steepest domestic decline in years. Jeffrey Greenberg/Universal Images Group via Getty Images By early Friday afternoon, the stock had clawed back its losses, rising 3.65% to $7.54 as of 1:43 p.m. Eastern Time, after trading in a range of $7.08 to $7.93 during the session.

“A key pillar of [Wendy’s] strategy is system optimization, which is about having the right footprint in each market to improve franchisee economics and enhance the customer experience,” the chain said in a statement.

“By closing consistently underperforming restaurants, we’re enabling our franchisee partners to increase focus on locations with the greatest potential for profitable growth.”

Wendy’s move to cut its outlook and close hundreds of restaurants shows the fast-food chain has finally pushed customers too far, said William Stern, founder of San Diego-based fintech firm Cardiff.

“For two years, these companies treated the customer like an infinite ATM,” he told The Post.

“Just raising prices every quarter to pad the margins. Well the ATM is empty now. You can only squeeze people so hard before they stop showing up.”

He argued the sales slump is a clearer warning sign than government inflation data. The Consumer Price Index slowed last month.

Customers have taken to social media to complain about higher prices and fewer app deals, saying the chain no longer offers the value it once did. Mahmoud Suhail – stock.adobe.com “Forget the CPI,” Stern said. “This is the real inflation gauge right here. When Americans stop buying fast food it means the bottom half of the economy is completely tapped out.”

He added that repeated price hikes ultimately backfired.

“They pushed the price until the customer snapped,” he said. “You can’t price gouge your way to growth forever. Eventually you have to actually sell burgers people can afford.”

A wave of Reddit comments echoed Stern’s perspective.

One user wrote, “If I’m going to pay $15+ for a meal I’m going to support local/independent.”

“I stopped last week to get a single. I saw the price and left,” another customer recounted.

Others said promotions on the Wendy’s app have gotten worse.

“A year ago, I would eat Wendy’s 3 times a week… I haven’t been back in 4 months. Rising prices, lower quality and there’s no incentive to use the app anymore,” one person wrote.

Another remarked, “Without the app deals they used to have, it’s just not worth it.”

Complaints also focused on allegedly shrinking portions and ingredient changes.

“When you shrink a product and raise the price, you lose your base customer,” one user wrote.

Another said, “The lettuce was the straw for me. It’s nasty and changed the entire feel of the product.”

HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Add after last table of release dated February 12, 2026: "CONSOLIDATED STATEMENTS OF INCOME/(LOSS)" table.

The updated release reads:

EVERSOURCE ENERGY REPORTS FULL-YEAR & FOURTH QUARTER 2025 RESULTS

Eversource Energy (NYSE: ES) today reported full-year 2025 earnings of $1.69 billion, or $4.56 per share, compared with full-year 2024 earnings of $811.7 million, or $2.27 per share. Non-GAAP recurring earnings totaled $1.77 billion1, or $4.76 per share1, for the full-year 2025, compared with $1.63 billion1, or $4.57 per share1, for the full-year 2024. The Company's 2025 updated non-GAAP recurring earnings guidance was between $4.72 and $4.80 per share1.

Eversource reported fourth quarter 2025 earnings of $421.3 million, or $1.12 per share, compared with fourth quarter 2024 earnings of $72.5 million, or $0.20 per share. Non-GAAP earnings totaled $421.3 million, or $1.12 per share, in the fourth quarter of 2025 and $370.8 million1, or $1.01 per share1, in the fourth quarter of 2024.

Results for the full-year 2025 include an aggregate net after-tax loss of $75.0 million, or $0.20 per share, related to an increase in Eversource’s liability for expected future payments to Global Infrastructure Partners as part of the September 30, 2024 sale of the South Fork Wind and Revolution Wind projects, net of tax benefits associated with the tax losses on the sale of these projects. Results for the full-year 2024 include an aggregate net after-tax loss of $524.0 million, or $1.47 per share, related to Eversource completing the sales of its offshore wind investments. Also, in the fourth quarter 2024, the Company recorded an after-tax loss of $298.3 million related to the pending sale of the Aquarion Water Company. The full year 2024 impact of this loss was $0.83 per share, while the fourth quarter 2024 impact was $0.81 per share. These impacts are excluded from non-GAAP recurring earnings.

“In 2025, we executed on our priorities of delivering solid operational and financial results, strengthening our balance sheet, and improving cash flow from operations. We also made significant progress in achieving constructive regulatory outcomes by working collaboratively with our regulators during a time of extensive change at the state and federal levels. This solid execution would not have been possible without our highly dedicated team of nearly 11,000 employees who work expertly and passionately to serve our communities and customers,” said Eversource Chairman, President and Chief Executive Officer Joe Nolan.

“Looking ahead to 2026, we will continue to focus on energy affordability for our customers, making prudent investments and exercising cost discipline. We'll also continue to adopt innovative technology solutions to improve our delivery of safe, reliable and affordable energy that our customers need and deserve. We are very excited about Eversource’s future as a pure-play regulated utility company with solid growth opportunities,” said Nolan.

Annual Outlook, 5-year Investment Plan and Financing Activity

Eversource Energy's annual projection for 2026 earnings is between $4.80 per share and $4.95 per share. The Company also expects that its cumulative long-term earnings per share growth rate would be within the range of 5 to 7 percent through 2030, using the 2025 non-GAAP results of $4.76 per share1 earned as the base year. In addition, the Company expects annual earnings growth towards the upper half of its long-term guidance by 2028.

Eversource released its new five-year $26.5 billion investment plan for the years 2026 to 2030, which is an increase of $2.3 billion dollars over its previous plan of $24.2 billion and an increase of $1.5 billion for the years 2025 to 2029. Both time periods exclude any capital investments related to Aquarion Water Company. This increase is primarily due to higher electric and natural gas distribution investment. These investments enable Eversource to continue to provide customers with safe and reliable service, support load growth and clean energy objectives for the Eversource territory.

Eversource expects to raise equity in the range of $800 million to $1.1 billion, excluding the annual equity issuances related to its dividend reinvestment and equity compensation programs, over its forecast period of 2026-2030. This equity raise is not impacted by the status of the potential sale of Aquarion.

Electric Transmission

Eversource’s transmission segment earned $776.7 million in 2025, compared with earnings of $724.6 million in 2024. Transmission earnings were $183.7 million in the fourth quarter of 2025, compared with $184.0 million in the fourth quarter of 2024. Transmission segment results improved due primarily to continued investment in Eversource’s electric transmission system. Fourth quarter results were slightly lower due primarily to the absence of a carrying charge benefit recorded in the prior year.

Electric Distribution

Eversource’s electric distribution segment earned $667.1 million in 2025, compared with earnings of $631.7 million in 2024. Electric distribution earned $95.5 million in the fourth quarter of 2025, compared with earnings of $110.4 million in the fourth quarter of 2024. Fourth quarter and full year 2025 earnings were negatively impacted by a charge to earnings for customer credits at NSTAR Electric as a result of the joint settlement agreement approved in Massachusetts on December 1, 2025. Improved full-year results were due primarily to higher revenues from base distribution rate increases at Eversource's New Hampshire and Massachusetts electric businesses, and continued investments in our distribution system. The higher revenues were partially offset by higher interest expense, higher non-tracked operations and maintenance expense (O&M), as well as higher property taxes and depreciation.

Natural Gas Distribution

Eversource’s natural gas distribution segment earned $360.5 million in 2025, compared with earnings of $291.0 million in 2024. Natural gas distribution earned $123.6 million in the fourth quarter of 2025, compared with earnings of $103.4 million in the fourth quarter of 2024. Improved full-year and fourth-quarter results were due primarily to higher revenues from base distribution rate increases at Eversource's Massachusetts natural gas businesses to recover continued investment in our natural gas infrastructure, as well as a base distribution rate increase at Yankee Gas effective November 1, 2025. The higher revenues were partially offset by higher O&M, which included a charge resulting from penalties recorded as part of NSTAR Gas' settlement agreement with the Attorney General in December 2025 and an unfavorable impact from the Yankee Gas rate case decision, higher depreciation, interest and property tax expense.

Water Distribution

Eversource’s water distribution segment, excluding the prior year loss on the pending sale noted above, earned $44.2 million in 2025, compared with earnings of $44.6 million1 in 2024. Water distribution earned $7.4 million in the fourth quarter of 2025, compared with earnings of $7.5 million1 in the fourth quarter of 2024. Results in both periods were comparable to prior year results.

Eversource Parent and Other Companies

Eversource parent and other companies, excluding the net losses from offshore wind, lost $(81.1) million1 in 2025 compared with $(57.9) million1 in 2024, and earned $11.1 million in the fourth quarter of 2025, compared to losses of $(34.5) million1 in the fourth quarter of 2024. The full year loss is driven by higher interest expense due primarily to the absence of capitalized interest as a result of the sale of our offshore wind projects in the third quarter of 2024, partially offset by a lower effective tax rate. Fourth quarter and full year 2025 results also include a benefit from the approved recovery of costs to acquire Eversource Gas Company of Massachusetts (EGMA) as part of the Massachusetts joint settlement agreement approved on December 1, 2025.

Eversource Energy Consolidated Earnings

The following table reconciles 2025 and 2024 fourth quarter and full-year GAAP earnings per share including the effects of share dilution in 2025:

Fourth

Quarter

Full

Year

2024

Reported GAAP EPS

$

0.20

$

2.27

Electric transmission segment earnings

(0.01

)

0.06

Electric distribution segment earnings

(0.05

)

0.03

Natural gas distribution segment earnings

0.05

0.16

Water distribution segment earnings

—

—

Parent and other companies

0.12

(0.06

)

Absence of 2024 losses from sale of offshore wind investments, partially offset by the net loss to increase the offshore wind contingent liability recorded in the third quarter 2025

—

1.27

Absence of prior year loss on pending sale of the water distribution business

0.81

0.83

2025

Reported GAAP EPS

$

1.12

$

4.56

Financial results for the fourth quarter and full-year 2025 and 2024 for Eversource Energy’s business segments and parent and other companies are noted below:

Three months ended:

(in millions, except EPS)

December 31, 2025

December 31, 2024

Increase/

(Decrease)

2025 EPS

2024 EPS 1

Increase/

(Decrease)

Electric Transmission

$

183.7

$

184.0

$

(0.3

)

$

0.49

$

0.50

$

(0.01

)

Electric Distribution

95.5

110.4

(14.9

)

0.25

0.30

(0.05

)

Natural Gas Distribution

123.6

103.4

20.2

0.33

0.28

0.05

Water Distribution 1

7.4

7.5

(0.1

)

0.02

0.02

—

Parent and Other Companies

11.1

(34.5

)

45.6

0.03

(0.09

)

0.12

Loss on pending sale of the

water distribution business

—

(298.3

)

298.3

—

(0.81

)

0.81

Reported Earnings

$

421.3

$

72.5

$

348.8

$

1.12

$

0.20

$

0.92

Full year ended:

(in millions, except EPS)

December 31, 2025

December 31, 2024

Increase/

(Decrease)

2025 EPS 1

2024 EPS 1

Increase/

(Decrease)

Electric Transmission

$

776.7

$

724.6

$

52.1

$

2.09

$

2.03

$

0.06

Electric Distribution

667.1

631.7

35.4

1.80

1.77

0.03

Natural Gas Distribution

360.5

291.0

69.5

0.97

0.81

0.16

Water Distribution 1

44.2

44.6

(0.4

)

0.12

0.12

—

Parent and Other Companies 1

(81.1

)

(57.9

)

(23.2

)

(0.22

)

(0.16

)

(0.06

)

Losses on Offshore Wind

(75.0

)

(524.0

)

449.0

(0.20

)

(1.47

)

1.27

Loss on pending sale of the

water distribution business

—

(298.3

)

298.3

—

(0.83

)

0.83

Reported Earnings

$

1,692.4

$

811.7

$

880.7

$

4.56

$

2.27

$

2.29

Eversource Energy has approximately 375 million common shares outstanding and operates New England’s largest energy delivery system. It serves approximately 4.6 million electric, natural gas and water customers in Connecticut, Massachusetts and New Hampshire.

1All per-share amounts in this news release are reported on a diluted basis. The only common equity securities that are publicly traded are common shares of Eversource Energy. The earnings discussion includes financial measures that are not recognized under generally accepted accounting principles (non-GAAP) referencing earnings and EPS excluding losses associated with our previous offshore wind investments, a loss on the pending sale of the Aquarion water distribution business, and a loss on the disposition of land that was initially acquired to construct the Northern Pass Transmission project and was subsequently abandoned. EPS by business is also a non-GAAP financial measure and is calculated by dividing the net income attributable to common shareholders of each business by the weighted average diluted Eversource Energy common shares outstanding for the period. The earnings and EPS of each business do not represent a direct legal interest in the assets and liabilities of such business, but rather represent a direct interest in Eversource Energy’s assets and liabilities as a whole. Eversource Energy uses these non-GAAP financial measures to evaluate and provide details of earnings results by business and to more fully compare and explain results without including these items. This information is among the primary indicators management uses as a basis for evaluating performance and planning and forecasting of future periods. Management believes the impacts of the losses associated with our previous offshore wind investments, the loss on the pending sale of the Aquarion water distribution business, and the loss on the disposition of land associated with an abandoned project are not indicative of Eversource Energy's ongoing costs and performance. Management views these charges as not directly related to the ongoing operations of the business and therefore not an indicator of baseline operating performance. Due to the nature and significance of the effect of these items on net income attributable to common shareholders and EPS, management believes that the non-GAAP presentation is a more meaningful representation of Eversource Energy's financial performance and provides additional and useful information to readers of this report in analyzing historical and future performance of the business. These non-GAAP financial measures should not be considered as alternatives to reported net income attributable to common shareholders or EPS determined in accordance with GAAP as indicators of Eversource Energy's operating performance.

This document includes statements concerning Eversource Energy’s expectations, beliefs, plans, objectives, goals, strategies, assumptions of future events, future financial performance or growth and other statements that are not historical facts. These statements are “forward-looking statements” within the meaning of the U. S. federal securities laws. Generally, readers can identify these forward-looking statements through the use of words or phrases such as “estimate,” “expect,” “pending,” “anticipate,” “intend,” “plan,” “project,” “believe,” “forecast,” “would,” “should,” “could” and other similar expressions. Forward-looking statements involve risks and uncertainties that may cause actual results or outcomes to differ materially from those included in the forward-looking statements. Forward-looking statements are based on the current expectations, estimates, assumptions or projections of management and are not guarantees of future performance. These expectations, estimates, assumptions or projections may vary materially from actual results. Accordingly, any such statements are qualified in their entirety by reference to, and are accompanied by, the following important factors that may cause our actual results or outcomes to differ materially from those contained in our forward-looking statements, including, but not limited to cyber events or breaches, including acts of war or terrorism, affecting our systems or the systems of third parties on which we rely; unauthorized access to, and the misappropriation of, confidential and proprietary Company, customer, employee, financial or system operating information; actions or inaction of local, state and federal regulatory, public policy and taxing bodies; changes in laws, regulations, Presidential executive orders or regulatory policy, including compliance with laws and regulations, which may impact the cost of compliance and strategic initiatives of the Company; adverse publicity, which can harm our reputation, influence legislative and regulatory bodies, and result in unfavorable outcomes; variability in the costs and final investment returns of the Revolution Wind and South Fork Wind offshore wind projects as it relates to the purchase price post-closing adjustment under the terms of the sale agreement for these projects; the ability to qualify for investment tax credits; extreme weather, including severe storms, due to the impacts of climate change, and fluctuations in weather patterns; adequacy, contamination of, or disruption in, our water supplies; physical attacks or grid disturbances that may damage and disrupt our electric transmission and electric, natural gas, and water distribution systems; ability or inability to commence and complete our major strategic development projects and opportunities; breakdown, failure of, or damage to operating equipment, information technology systems, or processes of our transmission and distribution systems; changes in levels or timing of capital expenditures, including unplanned expenditures and increased capital expenditure requirements; changes in business conditions, which could include disruptive technology or development of alternative energy sources related to our current or future business model; substandard performance of third-party suppliers and service providers, or counterparties not meeting their obligations; limits on our access to, or increases in, the cost of capital, including disruptions in the capital markets or other events that make our access to necessary capital more difficult or costly; changes in economic conditions, including impact on interest rates, tax policies, tariffs and customer demand and payment ability; changes in accounting standards and financial reporting regulations; actions of rating agencies; and other presently unknown or unforeseen factors.

Other risk factors are detailed in Eversource Energy’s reports filed with the Securities and Exchange Commission (SEC). They are updated as necessary and available on Eversource Energy’s website at investors.eversource.com and on the SEC’s website at www.sec.gov, and management encourages you to consult such disclosures.

All such factors are difficult to predict and contain uncertainties that may materially affect Eversource Energy’s actual results, many of which are beyond our control. You should not place undue reliance on the forward-looking statements, as each speaks only as of the date on which such statement is made, and, except as required by federal securities laws, Eversource Energy undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events.

  EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

  For the Three Months Ended December 31,

(Thousands of Dollars, Except Share Information)

2025

2024

Operating Revenues

$

3,370,196

$

2,971,488

Operating Expenses:

Purchased Power, Purchased Natural Gas and Transmission

1,000,834

740,832

Operations and Maintenance

600,430

575,100

Depreciation

408,016

372,853

Amortization

163,111

215,369

Energy Efficiency Programs

212,403

165,007

Taxes Other Than Income Taxes

274,938

257,488

Loss on Pending Sale of Aquarion

—

297,000

Total Operating Expenses

2,659,732

2,623,649

Operating Income

710,464

347,839

Interest Expense

331,159

288,696

Other Income, Net

105,317

91,612

Income Before Income Tax Expense

484,622

150,755

Income Tax Expense

61,436

76,355

Net Income

423,186

74,400

Net Income Attributable to Noncontrolling Interests

1,880

1,880

Net Income Attributable to Common Shareholders

$

421,306

$

72,520

Basic and Diluted Earnings Per Common Share

$

1.12

$

0.20

Weighted Average Common Shares Outstanding:

Basic

375,513,202

366,481,846

Diluted

376,179,513

366,883,093

  The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

EVERSOURCE ENERGY AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME/(LOSS)

(Unaudited)

  For the Years Ended December 31,

(Thousands of Dollars, Except Share Information)

2025

2024

2023

Operating Revenues

$

13,547,244

$

11,900,809

$

11,910,705

Operating Expenses:

Purchased Power, Purchased Natural Gas and Transmission

4,209,172

3,736,078

5,168,241

Operations and Maintenance

2,073,778

2,012,926

1,895,703

Depreciation

1,568,578

1,433,503

1,305,840

Amortization

835,909

342,864

(490,117

)

Energy Efficiency Programs

778,348

671,828

691,344

Taxes Other Than Income Taxes

1,092,870

997,901

940,359

Loss on Pending Sale of Aquarion

—

297,000

—

Total Operating Expenses

10,558,655

9,492,100

9,511,370

Operating Income

2,988,589

2,408,709

2,399,335

Interest Expense

1,243,266

1,111,336

855,441

Losses on Offshore Wind

284,000

464,019

2,167,000

Other Income, Net

378,854

410,482

348,069

Income/(Loss) Before Income Tax Expense

1,840,177

1,243,836

(275,037

)

Income Tax Expense

140,286

424,664

159,684

Net Income/(Loss)

1,699,891

819,172

(434,721

)

Net Income Attributable to Noncontrolling Interests

7,519

7,519

7,519

Net Income/(Loss) Attributable to Common Shareholders

$

1,692,372

$

811,653

$

(442,240

)

Basic Earnings/(Loss) Per Common Share

$

4.56

$

2.27

$

(1.27

)

Diluted Earnings/(Loss) Per Common Share

$

4.56

$

2.27

$

(1.26

)

Weighted Average Common Shares Outstanding:

Basic

370,852,601

357,482,965

349,580,638

Diluted

371,259,264

357,779,408

349,840,481

  The data contained in this report is preliminary and is unaudited. This report is being submitted for the sole purpose of providing information to shareholders about Eversource Energy and Subsidiaries and is not a representation, prospectus, or intended for use in connection with any purchase or sale of securities.

A jury in Pennsylvania state court on Friday awarded $250,000 to the family of a woman who sued Johnson & Johnson alleging its talc-based baby powder was to blame for her ovarian cancer, according to an attorney for plaintiffs in nationwide talc litigation against the company.

The jury in the Philadelphia Court of Common Pleas sided with family members of Gayle Emerson, who claimed that Johnson & Johnson knew for years its talc-based products were dangerous but failed to warn consumers, according to attorney Chris Tisi.

Jurors awarded Emerson’s family $50,000 in compensatory damages and $200,000 in punitive damages, said Tisi, who represents plaintiffs in separate federal court talc cases against Johnson & Johnson.

Jurors awarded a Pennsylvania woman’s family $50,000 in compensatory damages and $200,000 in punitive damages. REUTERS Representatives for J&J and lawyers for Emerson’s family did not immediately respond to requests for comment.

Emerson, a Pennsylvania resident, sued in 2019 and died six months later at the age of 68, according to court records. Her son and daughter took over as the plaintiffs after she died of metastatic ovarian cancer, according to the lawsuit.

Emerson used J&J’s baby powder from 1969 until 2017, when she learned from a relative it was associated with an increased risk of ovarian cancer, according to her lawsuit. She had been diagnosed with the cancer two years earlier, the lawsuit said.

J&J is facing lawsuits in federal and state courts from more than 67,000 plaintiffs who have alleged that its talc-based products contained asbestos and caused ovarian and other cancers, according to court filings.

The company has said its products are safe, do not contain asbestos and do not cause cancer. J&J stopped selling talc-based baby powder in the US in 2020, switching to a cornstarch product.

J&J is facing lawsuits in federal and state courts from more than 67,000 plaintiffs who have alleged that its talc-based products contained asbestos and caused ovarian and other cancers. AFP via Getty Images J&J has sought to resolve the litigation through bankruptcy, a proposal that has been rejected three times by federal courts, most recently in April of last year. The bankruptcies had put most ovarian cancer cases on hold.

The first ovarian cancer case to go to trial after the end of the bankruptcy-related pause resulted in a California jury awarding $40 million to two women in December.

There are several cases slated for trial in state courts in the coming months. There has yet to be a trial in federal court, where most of the claims have been consolidated, but that could change this year after a federal magistrate judge ruled in January that the plaintiffs in the federal litigation can present testimony from experts that links baby powder use with ovarian cancer. J&J has said it will appeal the ruling.

The company has said its products are safe, do not contain asbestos and do not cause cancer. J&J stopped selling talc-based baby powder in the US in 2020, switching to a cornstarch product. Getty Images Product liability lawsuits, such as the J&J cases, rely on experts to establish that the product is capable of causing the alleged harm.

Before the bankruptcy attempts, J&J had a mixed record in talc trials, with verdicts as high as $4.69 billion. The company has won some trials outright and had other verdicts reduced on appeal.

The majority of lawsuits involve ovarian cancer claims. Cases alleging talc caused a rare and deadly cancer called mesothelioma make up a smaller portion of the claims J&J is facing. The company has previously settled some of those claims but has not struck a nationwide settlement, so many lawsuits over mesothelioma have proceeded to trial in state courts in recent months.

MOUNTAIN VIEW, Calif., Feb. 13, 2026 (GLOBE NEWSWIRE) -- Heartflow, Inc. (Heartflow) (Nasdaq: HTFL), the leader in AI technology for coronary artery disease (CAD), today announced it will release financial results for the fourth quarter and full year of 2025 after market close on Wednesday, March 18, 2026. Management will host a conference call to discuss financial results beginning at 1:30 p.m. PT / 4:30 p.m. ET on March 18, 2026.

Those interested in listening to the conference call should register online using this link. Once registered, participants will receive dial-in numbers and a unique PIN to join the call. Participants are encouraged to register more than 15 minutes prior to the start of the call. A live and archived webcast of the event will also be available on the “Investor Relations” section of the Heartflow website at https://ir.heartflow.com. The archived version will be available for 12 months following completion of the live call.

About Heartflow’s Technology and Research
Heartflow’s technology is redefining precision cardiovascular care through clinically-proven AI and the world’s largest coronary imaging dataset. Heartflow has been adopted by more than 1,400 institutions globally and continues to strengthen its commercial presence to make this cutting-edge solution more widely available to an increasingly diverse patient population. Backed by ACC/AHA guidelines and supported by more than 600 peer-reviewed publications, Heartflow has redefined how clinicians manage care for over 500,000 patients worldwide.1 Key benefits include:

Proprietary data pipeline: Built from more than 160 million annotated CTA images, Heartflow’s data foundation powers advanced AI models that deliver highly accurate, reproducible insights across diverse patient populations.Extensive clinical and real-world validation: Heartflow’s AI-driven solutions have been validated through clinical evidence in over 200 studies assessing over 365,000 patients. Proven in real-world practice with reproducibility and accuracy, Heartflow’s coronary CTA image acceptance rates exceed 97%.Seamless clinical integration via upgraded workflow: Heartflow delivers final quality-reviewed analyses instantly upon order, enabling clinicians to move from diagnosis to decision without delay.Quality system, global security and patient-data integrity compliance: Heartflow meets or exceeds leading international standards, including HITRUST, SOC 2 Type 2, ISO 13485, and ISO 27001. About Heartflow, Inc.
Heartflow is transforming coronary artery disease from the world’s leading cause of death into a condition that can be detected early, diagnosed accurately, and managed for life. The Heartflow One platform uses AI to turn coronary CTA images into personalized 3D models of the heart, providing clinically meaningful, actionable insights into plaque location, volume, and composition and its effect on blood flow — all without invasive procedures. Discover how we’re shaping the future of cardiovascular care at heartflow.com.

Investor Contact
Nick Laudico
[email protected]

Media Contact
Elliot Levy
[email protected]

____________________
1Gulati, et al. 2021 AHA/ACC/ASE/CHEST/SAEM/SCCT/SCMR Guideline for the Evaluation & Diagnosis of Chest Pain. J Am Coll Cardiol.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

CFTC Chair forms a new Innovation Advisory Committee packed with crypto, exchange, and prediction-market CEOsMost crypto traders barely think about the Commodity Futures Trading Commission until something breaks, a lawsuit hits, or a Bitcoin futures headline crosses their feed.

In the popular mental map of US regulation, the SEC is the one staring at tokens, and the CFTC is the one that shows up around Bitcoin, usually around futures.

Then the CFTC went and did something that does not fit that simple story.

On Feb. 12, the agency announced a fresh slate of members for its Innovation Advisory Committee, a 35-person group that reads like a who’s who of crypto, Wall Street market plumbing, and the new world of prediction markets.

The names jump out right away: Brian Armstrong from Coinbase, Vlad Tenev from Robinhood, Shayne Coplan from Polymarket, plus Uniswap’s Hayden Adams, Ripple’s Brad Garlinghouse, Solana Labs’ Anatoly Yakovenko, Chainlink’s Sergey Nazarov, and Kraken co CEO Arjun Sethi, all listed in the same federal announcement.

It goes further. The committee also includes leaders from the core machinery of American markets, Nasdaq, CME Group, Intercontinental Exchange, DTCC, Options Clearing Corporation, and ISDA.

So the real question is not “why are crypto CEOs advising Washington,” because that part has been happening in different forms for years. The question is why the CFTC is building a table this big, this broad, and this crypto-heavy, at a moment when a lot of people still treat the agency like it lives in the Bitcoin corner of the room.

The answer starts with the CFTC’s job as the referee for derivatives markets, then it spills into something bigger, a fight over prediction markets, and a push in Congress that could hand the CFTC a larger slice of crypto oversight than most people expect.

A committee that looks like a map of where money is going nextThe CFTC’s own language around the committee is about modernization and future proofing, under new chair Michael Selig. The membership list tells the rest of the story.

When you put Coinbase and Robinhood next to CME and Nasdaq, you get a picture of crypto’s next phase that has less to do with memes and more to do with infrastructure.

Clearing, custody, collateral, surveillance, contract design, market integrity, and the boring rules that decide whether a product survives.

That is the part most retail traders never see, until a platform freezes, a product gets pulled, or a regulator drops a memo that changes how a trade is treated. The IAC is stacked with the people who build those pipes, crypto pipes and traditional ones.

It also includes the CEOs of Kalshi and Polymarket, and it includes FanDuel and DraftKings leadership in the same lineup. You can call that a curiosity, or you can call it the CFTC quietly saying, “event contracts are part of the future market structure conversation.”

That matters because prediction markets have gone from niche internet obsession to something mainstream readers are running into during sports, politics, and pop culture, and major outlets are already tracking the confusion this creates for the public and for regulators.

Why the CFTC wants crypto chiefs in the roomThere are two timelines converging here, and both push the CFTC toward crypto, even if your mental model starts and ends with Bitcoin.

First, Congress is actively debating whether the CFTC should get broader authority over “digital commodities.” The Senate Agriculture Committee said it advanced the Digital Commodity Intermediaries Act, describing it as a step toward new CFTC authority to regulate digital commodities and strengthen consumer protections. If that direction sticks, the agency’s “crypto job” expands from a high profile corner of the market to a much bigger section of the map.

Second, the CFTC has been signaling a more active posture on how new tech fits into market rules. In a recent CFTC and SEC staff joint statement, the agencies emphasized coordination around spot commodity products and venue flexibility, part of a broader push to modernize how these markets are handled.

Now add a practical reality. Rules are written by people, and those people need to understand how products behave under stress, how liquidity forms, where manipulation shows up, and what parts of a system fail first.

An advisory committee packed with CEOs is one way to compress that learning curve. Bloomberg Law framed this as the new chair deepening reliance on crypto, prediction market, and exchange executives via a panel of big names advisers.

You can debate whether that is healthy, risky, or simply inevitable. You can also treat it as a signal. The CFTC is preparing for a world where crypto products look more like mainstream market products, and mainstream market products start absorbing crypto mechanics, tokenized collateral, 24 7 trading expectations, and programmable settlement.

Prediction markets are forcing the issueIf you want the shortest path to understanding why Polymarket and Kalshi are in this committee, follow the money and follow the jurisdiction fight.

Prediction markets have been posting eye popping volume moments. The Block maintains a monthly dataset comparing Polymarket and Kalshi volumes, giving a clean KPI for how quickly this category is scaling.

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The surge has also become cultural. The Guardian reported that Kalshi hit a $1 billion daily volume milestone during the Super Bowl, and described how these platforms have pulled attention from people who never thought they were “trading” anything.

At the same time, the legal and regulatory perimeter is still being contested. The CFTC chair has publicly talked about drafting new rules for event contracts, and a broader push for clarity as prediction markets expand rules.

A Sidley analysis of the “Project Crypto” summit described Selig laying out a four part agenda to support the responsible development of event contract markets.

That puts the CFTC in an unusual position. Event contracts sit at the intersection of derivatives regulation, consumer protection, and the politics of gambling enforcement. When a product category grows this fast, the regulator either shapes it or spends years chasing it.

Adding the biggest operators to an innovation committee is a clear sign that the CFTC wants to shape it, and it wants to do it with the people who already have the users.

So why does this matter to Bitcoin people?Because the “CFTC equals Bitcoin” shortcut misses what the agency actually touches, and it misses what the market is turning into.

Bitcoin is the gateway drug for mainstream derivatives in crypto, and it has been the cleanest institutional on ramp for years. That creates a perception that the CFTC’s crypto universe begins and ends there.

Yet the IAC membership list includes DeFi rails, centralized exchanges, stablecoin and custody infrastructure, plus the clearing and exchange giants that move trillions in traditional markets.

Put that together with the Senate’s market structure work, and you get a forward-looking picture, a regulator that may be gearing up for a broader mandate, a market that keeps inventing products faster than rulebooks update, and a new class of “trading” that looks like gambling to some people and looks like price discovery to others.

There is also a credibility problem lurking in the background. Barron’s has reported on staffing declines inside CFTC enforcement, even as crypto and prediction markets grow, raising questions about whether the agency can keep up with the pace of innovation and the risk of fraud.

That dynamic makes advisory committees feel even more consequential, because a regulator short on resources has to choose where it spends attention.

The people building crypto’s biggest companies have spent years arguing they want clearer rules. Now they are being invited into a room where some of those rules may start taking shape, alongside the CEOs who run the exchange and clearing systems Wall Street already trusts.

If you only watch Bitcoin price candles, this looks like a random roster announcement.

If you watch where US market structure is moving, it looks like a preview of the next regulatory era, one where crypto stops being treated like a side quest and starts being treated like a design problem inside the core financial system.

Mentioned in this articlePosted in

TL;DR

Futures open interest grows 11-15% in five days and the funding rate remains positive. Technical structure shows support at $1.72 and $1.58; resistance at $1.95 and $2.10. Statistical projection places price at $2.06 in seven days and $2.34 in thirty. XRP operates at $1.84 on February 13, 2026, showing increasing volatility over the past 48 hours alongside elevated daily volume. The daily RSI sits at 63, within moderate bullish territory without reaching overbought conditions (>70), leaving room for momentum continuation before overheating.

Open Interest (OI) in XRP futures registered sustained growth over the past five days, climbing approximately 11-15%. The funding rate remains slightly positive, indicating speculative capital entry and greater long positioning. When price rises together with OI, analysts consider the signal healthy bullish. Risk appears if price falls with high OI, a scenario potentially triggering long liquidations.

Source: Coinglass Current momentum shows absent bearish divergences on the daily timeframe, reinforcing the bullish reading from expanding RSI. The technical structure supports upward movement continuation with brief pullbacks expected toward the $1.78 zone before attempting breakout.

Key Levels and Statistical Projection for the Next 30 Days Strong supports sit at $1.72 and $1.58, while resistances appear at $1.95 (immediate) and $2.10 (psychological). Statistical projection using linear regression on the 30-day trend points to $2.06 in 7 days and $2.34 in 30 days, with majority probability for bullish continuation.

The risk scenario activates if XRP loses $1.72 with high volume, opening rapid decline toward $1.60 and possible mass liquidation if OI fails to reduce.

Aggressive profiles can consider entry on confirmed breakout above $1.95, while conservative profiles would wait for pullback to the $1.75-$1.78 zone. Technical stop loss recommended below $1.58.

EGRAG Challenges XRP Holders with Two Brutal Scenarios Influential technical analyst EGRAG CRYPTO, a prominent voice in the XRP community, shared a thought-provoking post on X this Friday, February 13, 2026, sparking widespread discussion among investors and traders.

The first scenario, labeled “Chart 1,” depicts the more painful path. It projects a significant correction with support at $0.60, a level likely to trigger intense fear, disbelief, and the forced liquidation of weak hands.

EGRAG argues that this deeper “max pain” early on would cleanse the market of fragile speculative positions, setting the stage for a much more explosive upside move targeting $11. This outlook emphasizes conviction over comfort, consistent with the analyst’s recurring theme across previous market cycles.

In contrast, “Chart 2” illustrates a milder correction, with a potential bottom around $0.90. This route would involve less downside volatility, allowing more investors to hold through the dip and creating a more “comfortable” environment overall.

However, EGRAG cautions that the resulting upside would be capped at approximately $8.5, as the lack of aggressive shakeout limits the rally’s strength. He stresses that markets rarely reward ease, and overly crowded trades often lead to subdued gains in the long run.

Accompanied by two annotated charts highlighting key support/resistance levels, Fibonacci retracements, and wave structures, the post concludes with powerful statements: “Markets don’t reward comfort. They reward conviction under pressure” and “Choose your pain or pain will choose you.”

The message hits home as XRP currently trades in the $1.36 to $1.41 range (per real-time data from sources like CoinGecko, Yahoo Finance, and Investing.com as of February 13, 2026), following a pullback from highs above $2 in recent months.

Although the current price remains well above both projected supports ($0.60 and $0.90), XRP has exhibited signs of weakness lately, with limited rebounds and ongoing selling pressure. Independent observers note that a decisive break below $1.30–$1.35 could quickly test $0.90, while a sharper breakdown might confirm the more bearish Chart 1 scenario toward $0.60. On the flip side, sustained holding above $1.40 could delay or temporarily negate either path.

The tweet garnered hundreds of engagements within hours, with the XRP community split: some users called for even more bullish “Chart 3″ targets ($20+), while others acknowledged the psychological and structural logic despite reluctance to face further declines.

EGRAG, renowned for his rational, data-backed approach since gaining prominence years ago, avoids cheap optimism—he challenges holders to assess their risk tolerance and long-term belief in XRP.

A senior market analyst has outlined why Cardano’s Midnight project and its native token, NIGHT, could stand out from the numerous crypto assets, arguing that hard-earned lessons from Cardano’s mixed execution may finally translate into a differentiated layer-one offering.

Weiss Crypto insists that skepticism is essential in the crypto industry, where most new launches fail to deliver meaningful value. That said, the platform’s senior analyst, Juan M. Villaverde, described NIGHT as a rare exception, citing its technical foundations and privacy approach as key differentiators.

Villaverde acknowledged that Cardano itself fell short of expectations despite a sophisticated design. Despite the uniqueness of its underlying technology and proof-of-stake functions, Cardano’s lack of usable applications, slow performance, and weak user adoption ultimately limited its ecosystem growth.

Even so, Villaverde noted that Cardano’s strong technical narrative was enough to drive price appreciation during prior cycles, allowing early investors to profit despite the platform’s shortcomings.

However, Midnight is a second attempt by the same research-driven team, including Input Output Global and Charles Hoskinson, to convert theory into practical utility.

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Midnight is a layer-one network that integrates zero-knowledge proofs by default, enabling private smart contracts in an ecosystem where transparency has long been the norm. According to Villaverde, this feature addresses a critical gap in crypto infrastructure, as fully private smart contract platforms have not existed at scale.

Privacy functionality is embedded directly into Midnight’s programming language and compiler, allowing developers to create private smart contracts without deep expertise in zero-knowledge mathematics. This functionality lowers barriers to adoption and preserves advanced cryptographic guarantees.

Villaverde also highlighted NIGHT’s distribution model as a positive signal. The token launched without venture capital backing, relying instead on exchange distribution, airdrops, and ongoing incentive programs. The analyst cautioned that the Cardano team’s track record is sometimes overly theoretical, while emphasizing their research excellence and the fair launch structure.

In Villaverde’s view, Midnight represents a credible opportunity to apply past lessons and deliver one of the most widely used privacy-focused layer-one networks if execution finally matches ambition.

Bitcoin (BTC) rallied to $69,482 on Friday, and the rally coincided with data showing steady accumulation from smaller-sized holders in February.

Analysts say the breakout may evolve into a broader bullish trend, although other data suggests that a longer period of price consolidation will underlie the emerging bull trend.

Key takeaways:

BTC broke above the $69,000 resistance and its descending channel, triggering $92 million in short liquidations within four hours.

Small wallets added $613 million in February, while the whale wallets stalled with $4.5 billion in outflows.

Short-term holder profit-ratio indicator hit its lowest level since November 2022, underscoring weak sentiment over the past few weeks. 

Will the Bitcoin relief rally last?Bitcoin has pushed above the upper boundary of its descending channel and retested $69,000. The move marks a potential bullish break of structure (BOS), if BTC holds above $68,000.

Bitcoin one-hour chart. Source: Cointelegraph/TradingViewIf BTC holds above this reclaimed level, the next internal liquidity zones sit near $71,500 and $74,000. The 50- and 100-period exponential moving averages (EMAs) are now compressing beneath the price on the one-hour chart, reinforcing the possibility of the short-term momentum continuing.

The latest price surge triggered about $96 million in futures liquidations over the past four hours, with nearly $92 million coming from short positions, signaling a short squeeze on bearish traders.

BTC liquidations were primarily concentrated on Bybit (22.5%), Hyperliquid (22%) and Gate (15%), suggesting these platforms account for a significant share of active leveraged positioning in the market.

BTC retail investor demand backs the breakoutThe breakout is supported by the steady buying from the smaller-sized investors. Order flow data from Hyblock shows that the small wallets ($0–$10,000) have accumulated about $613 million in cumulative volume delta (CVD) in February, consistently bidding during the price correction.

The mid-sized wallets ($10,000–$100,000) remain about -$216 million for the month, but the cohort added about $300 million since BTC fell below $60,000, suggesting selective accumulation during discounted periods.

Bitcoin CVD data across different wallet sizes. Source: Hyblock CapitalWhale wallets ($100,000 and above) saw their CVD bottom near -$5.8 billion earlier in February and have since moved sideways. This stabilization implies that the aggressive distribution has paused, though a clear accumulation trend from the large holders has yet to emerge.

For the rally to continue, whale buying may need to return, and the short-term holder spent output profit ratio (SOPR) may need to move back above 1, signaling that the recent buyers are no longer selling at a loss.

Notably, the short-term holder SOPR recently fell to its lowest level since November 2022, indicating that many recent buyers have been realizing losses, a sign that conviction may remain fragile despite the rebound.

Bitcoin short-term holder SOPR. Source: CryptoQuantThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Bitcoin is still playing out a series of price actions that look like they may be entering a deeper correction phase. A technical analysis shared on social media platform X by crypto analyst Chiefy suggests that Bitcoin is repeating the macro structures seen after the 2017 and 2021 cycle tops. If the pattern continues to unfold with similar symmetry, the projection is that Bitcoin could fall to as low as $35,000 within days.

Bitcoin Imitating 2017 And 2021 Cycle Structures Chiefy’s chart compares three major peaks: the $21,000 high in 2017, the $69,000 peak in 2021, and the recent all-time high just above $126,000. The important trend is that in both of the first two cases, Bitcoin experienced severe retracements exceeding 70% before eventually finding long-term bottoms.

The first retracement kicked off just after Bitcoin broke above $21,000 in 2017, when it fell 84% during the 2018 bear market. After the $69,000 peak in 2021, the decline reached about 77%. Chiefy described the fractal alignment as nearly perfect, raising the possibility that the market could be approaching another capitulation phase similar to past cycles.

Source: Chart from Chiefy on X The current correction from $126,000 is beginning to resemble those earlier downturns in structure. If Bitcoin were to repeat a similar percentage drop, price projections would place the cryptocurrency in the $30,000 to $35,000 range. The analyst goes even further, warning that such a move could unfold within the next 10 days if the pattern were to play out as it did before.

Weak ETF Demand And Whale Inflows Adding To Bearish Pressure Various on-chain data are pointing to a cautious outlook among crypto investors. According to Glassnode, the 30-day simple moving average of net flows for both Bitcoin and Ethereum spot ETFs has been negative for most of the last 90 days. This shows that there is currently no clear sign of demand strong enough to absorb the persistent selling pressure.

Interestingly, CryptoQuant’s Whales Inflow Signal metric shows that the average monthly inflows of BTC to Binance from whales increased massively as Bitcoin fell from $95,000 to $60,000. These inflows rose from around 1,000 BTC in late January to nearly 3,000 BTC in February, with a notable spike of roughly 12,000 BTC on February 6 alone.

Since February 1, seven trading days have recorded more than 5,000 BTC in daily inflows from this group of large investors. This type of movement shows an intensification of transfers to exchanges from large Bitcoin holders into Binance, a trend that undoubtedly contributed to the price crash. This is because rising exchange inflows are a reflection of increasing selling pressure.

At the time of writing, Bitcoin is trading at $66,015, down by 1.7% in the past 24 hours.

BTC trading at $66,326 on the 1D chart | Source: BTCUSDT on Tradingview.com Featured Image from Pixabay, chart from Tradingview.com

Goldman Sachs has shifted its crypto focus from Bitcoin and Ethereum to emphasizing XRP and Solana. The Wall Street giant disclosed $2.36 billion in digital asset holdings in its Q4 2025 13F filing, representing just 0.33% of its total $811.1 billion investment portfolio.

Bitcoin leads the exposure at $1.1 billion, closely followed by Ethereum at $1.0 billion. XRP and Solana hold $153 million and $108 million, respectively, with XRP allocated exclusively through exchange-traded funds. This structure is designed to mitigate custody and operational risks while complying with regulatory frameworks, such as the GENIUS Act.

The bank’s allocations signal a measured, compliance-focused strategy rather than a speculative leap. By using ETFs, Goldman Sachs gains regulated exposure to XRP and Solana while avoiding the complexities of direct token custody.

Institutional observers note that such moves reflect tactical accumulation during periods of market volatility, as shown by ETF purchases in 2025. This approach allows the bank to participate in the emerging asset class while managing downside risk, highlighting the interplay between regulatory clarity and strategic adoption.

Solana processes millions of transactions per hour with rapid finality and low fees, while XRP offers liquidity and market depth through regulated vehicles. The combined effect positions Goldman to benefit from innovation and adoption in high-throughput and payment-oriented networks without compromising its compliance framework.

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Goldman’s continued exposure to Bitcoin and Ethereum, while significant in absolute terms, is proportionally smaller relative to the bank’s portfolio, underscoring a strategic allocation rather than a portfolio pivot. The move reflects an institutional calculus balancing regulatory certainty, emerging utility, and market volatility.

The company’s future growth will depend on stable regulatory frameworks and real-world applications, particularly for XRP and Solana. Meanwhile, ongoing operational or technological risks could trigger reassessment.

For now, Goldman Sachs’ crypto allocation remains a deliberate, cautious bet designed to capture upside potential in a regulated, measured manner.