Wix Reports Third Quarter 2026 Results

• Q3 booki gs of $573 millio , up 11% y/y, a d eve ue of $570 millio , up 13% y/y, d ive by Base44 outpe fo ma ce
• Base44 ow ea i g $250 millio of ARR, fueled by st o g dema d a d accele ated ma keti g i vestme ts
  • Rete tio of ea liest Base44 use coho t at 12-mo th ma k above expectatio s with e ewal ates imp ovi g ac oss subseque t coho ts
• Q3 o -GAAP g oss ma gi of 69%, co siste t yea -ove -yea , a d up two pe ce tage poi ts seque tially, d ive by ou p op ieta y AI model, Base 1:
  • Base44 achieved 58% o -GAAP g oss ma gi i Q3, a sig ifica t imp oveme t f om ea -ze o i Q1
  • Still expect Base44’s 2H o -GAAP g oss ma gi to each ~60%, led by Q4 o -GAAP g oss ma gi imp ovi g to above 60%
• Lau ched Studio Two, a fi st-of-its-ki d adva ced AI-powe ed ope ecosystem c eatio platfo m fo p ofessio al desig e s a d age cies

NEW YORK — Wix.com Ltd. (Nasdaq: WIX) (the “Compa y”), today epo ted fi a cial esults fo the thi d qua te of 2026. I additio , the Compa y p ovided its outlook fo the fou th qua te a d expectatio s fo the full yea 2026. Please visit the Wix I vesto Relatio s website at https://i vesto s.wix.com to view the Q3’26 Sha eholde Update a d othe mate ials.

“Base44, ou biggest bet, co ti ues to outpe fo m expectatio s, d ive by ou leadi g p oduct, clea st ategy a d ele tless executio u de pi ed by agg essive a d ecessa y i vestme ts,” said Avishai Ab ahami, Co-Fou de a d CEO of Wix. “Last week, we also lau ched Wix Studio Two, which I believe is the best edito we have eve built a d the fi st t uly ope platfo m p oduct i Wix’s histo y. That ope ess is what excites me most. We a e i a e a whe e p ofessio als move fluidly betwee AI tools, code a d visual desig , a d they expect thei wo k to move with them. Studio Two was built fo exactly that mome t. We ebuilt the fou datio so that AI ge e atio , visual desig o the ca vas a d sta da d React code ope ate as o e co ti uous wo kflow o the same p oject – built fo exactly whe e the wo k of p ofessio als a d the tech ology meet ight ow. Studio Two is also a stateme t about whe e Wix as a whole is headi g. Ope ess is a p i ciple fo ou e ti e platfo m, a d ove time eve y o e of ou p oducts will co ect to the tools ou use s al eady wo k with. I ca ‘t wait to see what ou Pa t e s build with it – a d what all of ou use s will build as this ope ess exte ds ac oss Wix.”

“We believe ou st ategic i vestme ts i Base44 a e positio i g us to captu e sha e i a apidly expa di g ma ket – with Base44 ARR today close to $250 millio . This milesto e is a esult of two thi gs: ampi g top-of-fu el mome tum as well as imp ovi g ete tio of existi g use s. This qua te ma ked the o e-yea a ive sa y of ou fi st coho t of Base44 use s u de the Wix umb ella. Rete tio of this ea liest batch of use s was st o g, with both mo thly a d a ual subsc iptio e ewal ates at the 12-mo th ma k above i itial expectatio s. Impo ta tly, e ewal ates have steadily i c eased ac oss each subseque t ew use coho t. Subsc iptio mix has also imp oved, with a ual pla s accou ti g fo mo e tha 20% of subsc iptio s pu chased by the ew Septembe 2026 Base44 coho t – a sig ifica t i c ease f om ~5% i the Septembe 2025 coho t. These ve y positive coho t t e ds a e coupled with sig ifica tly imp oved p ofitability. We expect Base44 o -GAAP g oss ma gi to exit the yea above 60% a d app oach that of ou co e Wix busi ess ext yea – a i c edible achieveme t d ive by mea i gful eductio s i AI i fe e ce costs delive ed by ou p op ieta y Base 1 model.” said Lio Shemesh, CFO at Wix.

“Fi ally, a impo ta t leade ship update. Today we a ou ced that Ni Zoha , ou Co-Fou de a d P eside t, has bee appoi ted Co-CEO alo gside me, effective immediately. Ni a d I have built Wix togethe fo ea ly 20 yea s, with Ni se vi g as COO si ce 2008 a d P eside t si ce 2013, a d this cha ge fo malizes the pa t e ship that has guided the compa y th oughout that time. Ni will lead ou busi ess st ategy, go-to-ma ket a d ope atio s, ove seei g how we g ow a d scale the compa y. I will lead p oduct, AI a d tech ology, focusi g o what we build a d how we b i g it to ou use s. This st uctu e allows me to go eve deepe o p oduct a d AI, with the compa y i the ha ds of someo e who u de sta ds it as well as I do. I am excited about what Ni a d I will build togethe as we lead Wix i to its ext phase,” fi ished Ab ahami.

Q3 2026 Fi a cial Results

• Total eve ue i the thi d qua te of 2026 was $570.2 millio , up 13% y/y
  • Total ARR was $2.021 billio at the e d of the thi d qua te of 2026, up 15% y/y
• C eative Subsc iptio s eve ue i the thi d qua te of 2026 was $406.7 millio , up 14% y/y
• Busi ess Solutio s eve ue i the thi d qua te of 2026 was $163.5 millio , up 10% y/y
  • T a sactio eve ue¹ i the thi d qua te of 2026 was $73.1 millio , up 12% y/y
• Pa t e s eve ue² i the thi d qua te of 2026 was $212.4 millio , up 11% y/y
• Total booki gs i the thi d qua te of 2026 we e $573.0 millio , up 11% y/y
  • C eative Subsc iptio s booki gs i the thi d qua te of 2026 we e $407.0 millio , up 11% y/y
  • Busi ess Solutio s booki gs i the thi d qua te of 2026 we e $166.0 millio , up 12% y/y
• Total g oss ma gi o a GAAP basis i the thi d qua te of 2026 was 68%
  • C eative Subsc iptio s g oss ma gi o a GAAP basis was 82%
  • Busi ess Solutio s g oss ma gi o a GAAP basis was 32%
• Total o -GAAP g oss ma gi i the thi d qua te of 2026 was 69%
  • C eative Subsc iptio s g oss ma gi o a o -GAAP basis was 83%
  • Busi ess Solutio s g oss ma gi o a o -GAAP basis was 33%
• GAAP et loss i the thi d qua te of 2026 was $13.7 millio , o $0.32 pe basic a d diluted sha e
• No -GAAP et i come i the thi d qua te of 2026 was $69.3 millio , o $1.64 pe basic sha e a d $1.42 pe diluted sha e
• Net cash p ovided by ope ati g activities fo the thi d qua te of 2026 was $78.3 millio , while capital expe ditu es totaled $3.8 millio , leadi g to f ee cash flow of $74.5 millio
• Excludi g est uctu i g costs, f ee cash flow fo the thi d qua te of 2026 would have bee $99.6 millio , o 17% of eve ue
• Total employee cou t at the e d of Q3’26 was 4,121

____________________^{1 T a sactio eve ue is a po tio of Busi ess Solutio s eve ue, a d we defi e t a sactio eve ue as all eve ue ge e ated th ough t a sactio facilitatio , p ima ily f om Wix Payme ts, as well as Wix POS, shippi g solutio s a d multi-cha el comme ce a d gift ca d solutio s. 2 Pa t e s eve ue is defi ed as eve ue ge e ated th ough age cies a d f eela ce s that build sites o applicatio s fo othe use s (“Age cies”) as well as eve ue ge e ated th ough B2B pa t e ships, such as LegalZoom o Vistap i t (“Reselle s”). We ide tify Age cies usi g multiple c ite ia, i cludi g but ot limited to, the umbe of sites built, pa ticipatio i the Wix Pa t e P og am a d/o the Wix Ma ketplace o Wix p oducts used (i cl. Wix Studio). Pa t e s eve ue i cludes eve ue f om both the C eative Subsc iptio s (i cludi g Base44) a d Busi ess Solutio s busi esses.}

Fi a cial Outlook

Fo the full yea 2026, we a e mai tai i g ou top-li e guida ce. We co ti ue to expect eve ue to g ow at a low- to mid-tee s pe ce tage o a yea -ove -yea basis. We also co ti ue to expect booki gs to g ow at a low-tee s pe ce tage o a yea -ove -yea basis. G owth is a ticipated to be d ive by Base44’s co ti ued st o g g owth t ajecto y th ough the emai de of the yea . 

Fo fou th qua te 2026, we expect eve ue to g ow at a low-double-digits pe ce tage o a yea -ove -yea basis a d expect fou th qua te booki gs g owth to co ti ue to lag eve ue g owth as a esult of the mo e immediate impact of Pa t e s soft ess o booki gs.

Fo full yea 2026, we ow expect FCF ma gi excludi g acquisitio – elated a d est uctu i g costs to be app oximately 16%, dow f om the high-tee s p eviously a ticipated, p ima ily due to accele ated sales a d ma keti g i vestme ts i Base44. This outlook still assumes Base44 o -GAAP g oss ma gi of app oximately 60% i 2H with ma gi exiti g the yea above 60%. We expect fu the g oss ma gi imp oveme t to be ei vested i to Base44 sales a d ma keti g i the fou th qua te i o de to positio ou selves well to captu e the co ti ued elevated dema d fo Base44.

Ou agg essive push i to ma keti g is payi g off – this is clea ly eflected i Base44’s milesto e ARR of ea ly $250 millio today. With the majo ity of Base44 subsc iptio s billed mo thly a d g owth expected to amp th ough the latte half of the yea , we expect the st o g ARR mome tum this yea to g adually t a slate i to booki gs a d eve ue dolla s ove the comi g qua te s.

I additio , we expect a wo ki g capital headwi d i the fou th qua te of ~$10 millio elated to the p epayme t of GPUs equi ed to u ou models fo the ext couple of yea s.

Co fe e ce Call a d Webcast I fo matio

Wix will host a co fe e ce call to discuss the esults at 8:30 a.m. ET o Tuesday, Novembe 10, 2026. A live a d a chived webcast of the co fe e ce call will be accessible f om the “I vesto Relatio s” sectio of the Compa y’s website at https://i vesto s.wix.com/.

About Wix.com Ltd.

Wix’s visio is to simplify complex tech ologies a d delive the best tools fo eve y type of use a d busi ess to c eate o li e. Powe ed by adva ced AI a d e te p ise-g ade i f ast uctu e, Wix is t usted by hu d eds of millio s of use s wo ldwide. Fou ded i 2006 a d st e gthe ed by the 2025 acquisitio of Base44, the o-code applicatio platfo m, Wix is co ti ui g to build fo the futu e of the i te et.

Fo mo e about Wix, please visit ou P ess Room.Media Relatio s Co tact:  PR@wix.com

No -GAAP Fi a cial Measu es a d Key Ope ati g Met ics

To suppleme t its co solidated fi a cial stateme ts, which a e p epa ed a d p ese ted i acco da ce with U.S. GAAP, Wix uses the followi g o -GAAP fi a cial measu es: booki gs, cumulative coho t booki gs, booki gs o a co sta t cu e cy basis, eve ue o a co sta t cu e cy basis, o -GAAP g oss ma gi , o -GAAP ope ati g i come (loss), o -GAAP ope ati g ma gi , o -GAAP et i come (loss), o -GAAP et i come (loss) pe sha e, f ee cash flow, f ee cash flow o a co sta t cu e cy basis, f ee cash flow, as adjusted, f ee cash flow ma gi s, o -GAAP R&D expe ses, o -GAAP S&M expe ses, o -GAAP G&A expe ses, o -GAAP ope ati g expe ses, o -GAAP cost of eve ue expe se, o -GAAP fi a cial expe se, a d o -GAAP tax expe se (collectively the “No -GAAP fi a cial measu es”). Measu es p ese ted o a co sta t cu e cy o fo eig excha ge eut al basis have bee adjusted to exclude the effect of y/y cha ges i fo eig cu e cy excha ge ate fluctuatio s. Booki gs is a o -GAAP fi a cial measu e calculated by addi g the cha ge i defe ed eve ues a d the cha ge i u billed co t actual obligatio s fo a pa ticula pe iod to eve ues fo the same pe iod. Booki gs i clude cash eceipts fo p emium subsc iptio s pu chased by use s as well as cash we collect f om busi ess solutio s, as well as payme ts due to us u de the te ms of co t actual ag eeme ts fo which we may ot have yet eceived payme t. Cash eceipts fo p emium subsc iptio s a e defe ed a d ecog ized as eve ues ove the te ms of the subsc iptio s. Cash eceipts fo payme ts a d the majo ity of the additio al p oducts a d se vices (othe tha Google Wo kspace) a e ecog ized as eve ues upo eceipt. Committed payme ts a e ecog ized as eve ue as we fulfill ou obligatio u de the te ms of the co t actual ag eeme t. No -GAAP g oss ma gi ep ese ts g oss p ofit calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, acquisitio – elated expe ses a d amo tizatio , divided by eve ue. No -GAAP ope ati g i come (loss) ep ese ts ope ati g i come (loss) calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, amo tizatio , acquisitio – elated a d est uctu i g expe ses a d sales tax expe se acc ual a d othe G&A expe ses (i come). No -GAAP et i come (loss) ep ese ts et i come (loss) calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, amo tizatio , sales tax expe se acc ual a d othe G&A expe ses (i come), amo tizatio of debt discou t a d debt issua ce costs a d acquisitio – elated a d est uctu i g expe ses a d o -ope ati g fo eig excha ge expe ses (i come). No -GAAP et i come (loss) pe sha e ep ese ts o -GAAP et i come (loss) divided by the weighted ave age umbe of sha es used i computi g GAAP loss pe sha e. F ee cash flow ep ese ts et cash p ovided by (used i ) ope ati g activities less capital expe ditu es. F ee cash flow, as adjusted, ep ese ts f ee cash flow fu the adjusted to exclude the capital expe ditu es a d othe expe ses associated with the buildout of ou ew co po ate headqua te s, a d cash acquisitio – elated a d est uctu i g expe ses. F ee cash flow ma gi s ep ese t f ee cash flow divided by eve ue. No -GAAP cost of eve ue ep ese ts cost of eve ue calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, acquisitio – elated expe ses a d amo tizatio . No -GAAP R&D expe ses ep ese t R&D expe ses calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, acquisitio – elated expe ses a d amo tizatio . No -GAAP S&M expe ses ep ese t S&M expe ses calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, acquisitio – elated expe ses a d amo tizatio . No -GAAP G&A expe ses ep ese t G&A expe ses calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, acquisitio – elated expe ses a d amo tizatio . No -GAAP ope ati g expe ses ep ese t ope ati g expe ses calculated i acco da ce with GAAP as adjusted fo the impact of sha e-based compe satio expe se, acquisitio – elated expe ses a d amo tizatio . Acquisitio – elated expe ses i clude t a sactio costs a d ete tio payme ts that would ot othe wise have bee i cu ed by us i the o mal cou se of ou busi ess. No -GAAP fi a cial expe se ep ese ts fi a cial expe se calculated i acco da ce with GAAP as adjusted fo u ealized gai s of equity i vestme ts, amo tizatio of debt discou t a d debt issua ce costs a d o -ope ati g fo eig excha ge expe ses. No -GAAP tax expe se ep ese ts tax expe se calculated i acco da ce with GAAP as adjusted fo p ovisio s fo i come tax effects elated to o -GAAP adjustme ts.

The p ese tatio of this fi a cial i fo matio is ot i te ded to be co side ed i isolatio o as a substitute fo , o supe io to, the fi a cial i fo matio p epa ed a d p ese ted i acco da ce with GAAP. The Compa y uses these o -GAAP fi a cial measu es fo fi a cial a d ope atio al decisio maki g a d as a mea s to evaluate pe iod-to-pe iod compa iso s. The Compa y believes that these measu es p ovide useful i fo matio about ope ati g esults, e ha ce the ove all u de sta di g of past fi a cial pe fo ma ce a d futu e p ospects, a d allow fo g eate t a spa e cy with espect to key met ics used by ma ageme t i its fi a cial a d ope atio al decisio maki g.

Fo mo e i fo matio o the o -GAAP fi a cial measu es, please see the eco ciliatio tables p ovided below. The accompa yi g tables have mo e details o the GAAP fi a cial measu es that a e most di ectly compa able to o -GAAP fi a cial measu es a d the elated eco ciliatio s betwee these fi a cial measu es. The Compa y is u able to p ovide eco ciliatio s of f ee cash flow, f ee cash flow ma gi , f ee cash flow ma gi , excludi g acquisitio – elated a d est uctu i g costs a d the impact of ou epu chase p og am, f ee cash flow, as adjusted, booki gs, cumulative coho t booki gs, o -GAAP g oss ma gi , o -GAAP ope ati g expe ses, o -GAAP ope ati g expe ses as a pe ce tage of eve ue, a d o -GAAP tax expe se to thei most di ectly compa able GAAP fi a cial measu es o a fo wa d-looki g basis without u easo able effo t because items that impact those GAAP fi a cial measu es a e out of the Compa y’s co t ol a d/o ca ot be easo ably p edicted. Such i fo matio may have a sig ifica t, a d pote tially u p edictable, impact o ou futu e fi a cial esults.

Wix also uses C eative Subsc iptio s A ualized Recu i g Reve ue (ARR) as a key ope ati g met ic. C eative Subsc iptio s ARR is calculated as C eative Subsc iptio s Mo thly Recu i g Reve ue (MRR) multiplied by 12. C eative Subsc iptio s MRR is calculated as the total of (i) the total mo thly eve ue of all C eative Subsc iptio s (i cludi g Base44) i effect o the last day of the pe iod, othe tha domai egist atio s; (ii) the ave age eve ue pe mo th f om domai egist atio s multiplied by all egiste ed domai s i effect o the last day of the pe iod; a d (iii) mo thly eve ue f om othe pa t e ship ag eeme ts i cludi g e te p ise pa t e s, i effect i the last mo th of the pe iod. Busi ess Solutio s A ualized Recu i g Reve ue (ARR) is calculated as Busi ess Solutio s Mo thly Recu i g Reve ue (MRR) multiplied by 12.  Busi ess Solutio s MRR is calculated as the total mo thly value of Busi ess Solutio s subsc iptio s i effect o the last day of the pe iod. Busi ess Solutio s subsc iptio s i clude, but a e ot limited to, subsc iptio s such as Google Wo kspace, Email Ma keti g, a d ecu i g paid ads.

Fo wa d-Looki g Stateme ts

This docume t co tai s fo wa d-looki g stateme ts, withi the mea i g of the safe ha bo p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995 that i volve isks a d u ce tai ties. Such fo wa d-looki g stateme ts may i clude p ojectio s ega di g ou futu e pe fo ma ce, i cludi g, but ot limited to eve ue, booki gs a d f ee cash flow, a d may be ide tified by wo ds like “a ticipate,” “assume,” “believe,” “aim,” “fo ecast,” “i dicatio ,” “co ti ue,” “could,” “estimate,” “expect,” “i te d,” “may,” “pla ,” “pote tial,” “p edict,” “subject,” “p oject,” “outlook,” “futu e,” “will,” “seek” a d simila te ms o ph ases. The fo wa d-looki g stateme ts co tai ed i this docume t, i cludi g the qua te ly a d a ual guida ce, a e based o ma ageme t’s cu e t expectatio s, which a e subject to u ce tai ty, isks a d cha ges i ci cumsta ces that a e difficult to p edict a d ma y of which a e outside of ou co t ol. Impo ta t facto s that could cause ou actual esults to diffe mate ially f om those i dicated i the fo wa d-looki g stateme ts i clude, amo g othe s, ou expectatio that we will be able to att act a d etai egiste ed use s a d pa t e s to ou va ious offe i gs, a d ge e ate ew paid subsc iptio s, i pa ticula as we co ti uously adjust ou ma keti g st ategy a d as the mac o-eco omic e vi o me t co ti ues to be tu bule t; ou expectatio that we will be able to i c ease the ave age eve ue we de ive pe paid subsc iptio , i cludi g th ough ou pa t e s; ou expectatio that ew p oducts a d developme ts (such as Wix Ha mo y, Studio Two, a d/o ou p op ieta y LLMs), as well as thi d-pa ty p oducts we will offe i the futu e withi ou platfo m, will eceive custome accepta ce a d satisfactio , i cludi g the g owth i ma ket adoptio of ou o li e comme ce solutio s a d ou Studio Two p oduct, as well as the “vibe-codi g” ma ket a d ou Base44 offe i g; ou expectatio s ega di g ou ability to develop eleva t a d equi ed p oducts usi g a tificial i tellige ce (“AI”), the legal a d egulato y e vi o me t impacti g AI a d AI- elated activities; cybe secu ity, p ivacy a d i tellectual p ope ty, a d pote tial competitive impacts f om AI tools (i cludi g the impact o ou busi ess of use s a d pote tial use s choosi g to build thei o li e p ese ce usi g othe AI p oducts), a d othe isks associated with AI tech ologies; ou assumptio that histo ical use behavio ca be ext apolated to p edict futu e use behavio , i pa ticula du i g tu bule t mac o-eco omic e vi o me ts; ou p edictio of the futu e eve ues a d/o booki gs ge e ated by ou use coho ts a d ou ability to mai tai a d i c ease such eve ue g owth, as well as ou ability to ge e ate a d mai tai elevated levels of f ee cash flow a d p ofitability, i cludi g ou ability to scale Base44 usage a d eve ue a d imp ove its g oss ma gi s; ou expectatio to mai tai a d e ha ce ou b a d a d eputatio ; ou expectatio that we will effectively execute ou i itiatives to imp ove ou use suppo t fu ctio th ough ou Custome Ca e team, a d co ti ue att acti g egiste ed use s a d pa t e s, a d i c ease use ete tio , use e gageme t a d sales; ou ability to successfully expa d ou payme t i f ast uctu e to t a sact i additio al local cu e cies a d accept additio al payme t methods; ou expectatio ega di g the impact of fluctuatio s i fo eig cu e cy excha ge ates, i te est ates, i flatio , pote tial illiquidity of ba ki g systems, a d othe ecessio a y t e ds o ou busi ess; ou expectatio s elati g to the epu chase of ou o di a y sha es a d/o co ve tible otes pu sua t to ou epu chase p og am, o as equi ed; ou expectatio that we will comply with the est ictio s u de ou C edit Ag eeme t; ou expectatio that we will effectively ma age ou i f ast uctu e; ou expectatio that we will efficie tly a d successfully ma age cybe secu ity isks a d i cide ts; ou expectatio s ega di g the outcome of a y egulato y i vestigatio o litigatio , i cludi g class actio s; ou expectatio s ega di g futu e cha ges i ou cost of eve ues a d ou ope ati g expe ses o a absolute basis a d as a pe ce tage of ou eve ues, i cludi g as a esult of elevated costs elated to AI, Base44, a d Wix Ha mo y, a d ou i c eased sales a d ma keti g i vestme ts; ou expectatio with espect to futu e sales of ou o di a y sha es by di ecto s, office s o la ge sha eholde s; ou expectatio s ega di g cha ges i the global, atio al, egio al o local eco omic, busi ess, competitive, ma ket, a d egulato y la dscape, i cludi g as a esult of the wa a d hostilities betwee Is ael a d Hamas, Hezbollah, I a a d the Houthi moveme t i Yeme a d/o the Uk ai e-Russia wa a d a y escalatio s the eof a d pote tial fo wide egio al i stability a d co flict; ou pla ed level of capital expe ditu es a d ou belief that ou existi g cash a d cash f om ope atio s will be sufficie t to fu d ou ope atio s fo at least the ext 12 mo ths a d fo the fo eseeable futu e; ou expectatio s with espect to the i teg atio a d pe fo ma ce of acquisitio s; ou ability to att act a d etai qualified employees a d key pe so el; a d ou expectatio s about e te i g i to ew ma kets a d att acti g ew custome demog aphics, i cludi g ou ability to successfully att act ew pa t e s, la ge e te p ise-level use s a d to g ow ou activities, i cludi g th ough the adoptio of ou Wix Studio p oduct, with these custome types as a ticipated; a d othe facto s discussed u de the headi g “Risk Facto s” i the Compa y’s a ual epo t o Fo m 20-F fo the yea e ded Decembe 31, 2025 filed with the Secu ities a d Excha ge Commissio o Ma ch 5, 2026. The p ecedi g list is ot i te ded to be a exhaustive list of all of ou fo wa d-looki g stateme ts. A y fo wa d-looki g stateme t made by us i this p ess elease speaks o ly as of the date he eof. Facto s o eve ts that could cause ou actual esults to diffe may eme ge f om time to time, a d it is ot possible fo us to p edict all of them. We u de take o obligatio to publicly update a y fo wa d-looki g stateme ts, whethe as a esult of ew i fo matio , futu e developme ts o othe wise.