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DE 56-2590442 465 State Route 17 Ramsey NJ 07446 201 478-5552 Common Stock ADMA NASDAQ Yes Yes Large Accelerated Filer false false false 231772715 138153000 87630000 135862000 158429000 222098000 206465000 15060000 7458000 0 6530000 511173000 466512000 65010000 65057000 630000 632000 3530000 3530000 69969000 73261000 6402000 6650000 8470000 8600000 665184000 624242000 20523000 22519000 48561000 40466000 3281000 2813000 1176000 1096000 0 2647000 73541000 69541000 193584000 69330000 1369000 1405000 6365000 6646000 274859000 146922000 0.0001 0.0001 10000000 10000000 0 0 0 0 0 0 0.0001 0.0001 300000000 300000000 240962203 232288977 239793566 237874496 24000 24000 8673226 1919070 143170000 32090000 649796000 671039000 -116325000 -161653000 390325000 477320000 665184000 624242000 114493000 114802000 33743000 53705000 80750000 61097000 2597000 826000 1062000 1286000 55000 25000 7980000 0 26742000 24079000 22476000 26216000 58274000 34881000 1093000 608000 2100000 1975000 -140000 -64000 -1147000 -1431000 57127000 33450000 11799000 6546000 45328000 26904000 0.19 0.11 0.19 0.11 236072751 237775476 239955762 244676350 239793566 24000 671039000 -161653000 -1919070 -32090000 477320000 0 6329000 0 0 6329000 979735 0 -8362000 0 0 -8362000 188902 0 588000 0 0 588000 0 19798000 0 6754156 111080000 130878000 0 0 45328000 0 45328000 240962203 24000 649796000 -116325000 -8673226 -143170000 390325000 236620545 24000 657577000 -308583000 0 0 349018000 0 4624000 0 0 4624000 866302 0 0 0 0 0 1016005 0 -7228000 0 0 -7228000 29400 0 101000 0 0 101000 0 0 26904000 0 26904000 238532252 24000 655074000 -281679000 0 0 373419000 45328000 26904000 1839000 1969000 7980000 0 -42000 0 3292000 3425000 6329000 4624000 191000 190000 -36000 -36000 -22567000 49413000 15633000 1953000 1601000 2596000 -379000 -120000 -1233000 142000 5105000 -2401000 -340000 -650000 58249000 -19675000 2543000 4701000 53000 19000 5000000 0 2404000 -4720000 469000 0 125000000 0 5058000 7228000 588000 101000 130191000 0 -10130000 -7127000 50523000 -31522000 87630000 103147000 138153000 71625000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">1.</span> </div> <div><span style="text-decoration:underline"><b>ORGANIZATION AND BUSINESS</b></span></div> </div><div style="clear: both;">  </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> ADMA Biologics, Inc. (the “Company,” “ADMA,” “we,” “us” or “our”) is a U.S. based, end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases. The Company’s targeted patient populations include immune-compromised individuals who suffer from an underlying immune deficiency disorder or who may be immune-suppressed for medical reasons. </div><div style="font-size: 10pt;">  </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> ADMA operates through its wholly owned subsidiaries ADMA BioManufacturing, LLC (“ADMA BioManufacturing”) and ADMA BioCenters Georgia Inc. (“ADMA BioCenters”). ADMA BioManufacturing was formed in January 2017 to facilitate the acquisition of certain assets held by the Company’s former third-party contract manufacturer, which included the U.S. Food and Drug Administration (“FDA”)-licensed BIVIGAM and Nabi-HB immunoglobulin products, and an FDA-licensed plasma fractionation manufacturing facility located in Boca Raton, Florida (the “Boca Facility”). ADMA BioCenters is the Company’s source plasma collection business with seven plasma collection facilities located throughout the U.S. as of March 31, 2026, all of which hold an approved license with the FDA. </div><div style="font-size: 10pt;">  </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> The Company has three FDA-approved products, all of which are currently marketed and commercially available: (i) ASCENIV (Immune Globulin Intravenous, Human – slra 10% Liquid), an intravenous immune globulin (“IVIG”) product indicated for the treatment of Primary Humoral Immunodeficiency (“PI”), also known as Primary Immunodeficiency Disease (“PIDD”) or Inborn Errors of Immunity, for which the Company received FDA approval in April 2019 and commenced first commercial sales in October 2019; (ii) BIVIGAM (Immune Globulin Intravenous, Human), an IVIG product indicated for the treatment of PI, and for which the Company received FDA approval in May 2019 and commenced commercial sales in August 2019; and (iii) Nabi-HB (Hepatitis B Immune Globulin, Human), which is indicated for the treatment of acute exposure to blood containing Hepatitis B surface antigen (“HBsAg”) and other listed exposures to Hepatitis B. In addition to its commercially available immunoglobulin products, the Company generates revenues from the sale of intermediate by-products that result from the immunoglobulin production process and from time to time provides contract manufacturing and laboratory services for certain clients. The Company seeks to develop a pipeline of plasma-derived therapeutics, including but not limited to SG-001, a preclinical, investigative hyperimmune globulin targeting <span style="font-style: italic;">S. pneumonia</span>. The Company’s products and product candidates are intended to be used by physician specialists focused on caring for immune-compromised patients with or at risk for certain infectious diseases. </div> 7 3 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">2.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span> </div> </div><div style="clear: both;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Principles of consolidation and basis of presentation</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Any reference in these notes to applicable guidance is meant to refer to U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (the “FASB”). </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2025 included in the 2025 10-K. All intercompany balances and transactions have been eliminated in consolidation. The preparation of our interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed. We have made reasonable estimates and judgments of such items within our financial statements and there may be changes to those estimates in future periods. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> During the three months ended March 31, 2026 and 2025, comprehensive income was equal to the net income amounts presented for the respective periods in the accompanying condensed consolidated statements of operations. Results for interim periods are not necessarily indicative of the results that may be expected for the full fiscal year.</div><div style="font-size: 10pt;"><span style="font-style: italic; text-decoration: underline;">Use of Estimates</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates related to the Company’s effective tax rate. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Accounts Receivable</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Accounts receivable is reported at realizable value, net of allowances for customer credits and credit losses in the amount of $0.2 million and $0.3 million at March 31, 2026 and December 31, 2025, respectively. <span style="color: rgb(33, 37, 41);">The Company extends credit to its customers based upon an evaluation of each customer’s financial condition and credit history. Evaluations of the financial condition, payment history and associated credit risk of customers are performed on an ongoing basis.</span> Based on these evaluations, the Company has concluded that its credit risk is minimal. At March 31, 2026 and December 31, 2025, two customers accounted for an aggregate of approximately 82% and 87%, respectively, of the Company’s total accounts receivable. </div><div style="margin-left: 18pt; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Inventories</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> Raw materials inventory consists of normal source plasma (“NSP”) and Respiratory Syncytial Virus (“RSV”) high-titer plasma collected at the Company’s plasma collection facilities or purchased from third parties, along with various materials purchased from suppliers, used in the production of the Company’s products. Work-in-process and finished goods inventories (see Note 3) reflect the cost of raw materials as well as costs for direct and indirect labor, primarily salaries, wages and benefits for applicable employees, as well as an allocation of overhead costs related to the Boca Facility including utilities, property taxes, general repairs and maintenance, consumable supplies and depreciation. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> Inventories, including plasma intended for resale and plasma intended for internal use in the Company’s manufacturing, commercialization or research and development activities, are carried at the lower of cost or net realizable value determined by the first-in, first-out method. For both the Company’s immune globulin products and plasma intended for resale and internal use, net realizable value is generally determined based upon the consideration the Company expects to receive when the inventory is sold, less costs to deliver the inventory to the recipient. The estimates for net realizable value of inventory are based on contractual terms or upon historical experience and certain other assumptions, and the Company believes that such assumptions are reasonable. Inventory is periodically reviewed to ensure that its carrying value does not exceed its net realizable value, and adjustments are recorded to write down such inventory, with a corresponding charge to cost of product revenue, when the carrying value or historical cost exceeds its estimated net realizable value. In addition, costs associated with the production of engineering lots that would not qualify as immediately available for commercial sale are charged to cost of product revenue and not capitalized into inventory. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Goodwill</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Goodwill represents the excess of purchase price over the fair value of net assets acquired by the Company. Goodwill at March 31, 2026 and December 31, 2025 was $3.5 million, all of which is attributable to its ADMA BioManufacturing business segment. </div><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company did not record any impairment charges related to goodwill for the three months ended March 31, 2026 and 2025. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Revenue Recognition</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Revenues are comprised of (i) revenues from the sale of the Company’s immunoglobulin products, ASCENIV, BIVIGAM and Nabi-HB, (ii) product revenues from the sale of human plasma collected by the Company’s Plasma Collection Centers business segment, (iii) contract manufacturing and laboratory services revenue, (iv) revenues from the sale of intermediate by-products and (v) license and other revenues primarily attributable to the out-licensing of ASCENIV to Biotest AG (“Biotest”) in 2012 to market and sell this product in Europe and certain countries in Northern Africa and the Middle East. Biotest has provided the Company with certain services and financial payments in accordance with the related Biotest license agreement and is obligated to pay the Company certain amounts in the future if certain milestones are achieved. Deferred revenue is amortized into income over the term of the Biotest license, representing a period of approximately 22 years.</div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;">Product revenue is recognized when the customer is deemed to have control over the product and the performance obligation is satisfied. Control is determined based on when the product is shipped or delivered and title passes to the customer. Revenue is recorded in an amount that reflects the consideration the Company expects to receive in exchange. Revenue from the sale of the Company’s immunoglobulin products is recognized when the product reaches the customer’s destination, and is recorded net of estimated rebates, wholesaler distribution and related fees, customer incentives, including prompt pay discounts, wholesaler chargebacks, group purchasing organization fees and reimbursements for patient assistance. These estimates are based on contractual arrangements, historical experience and certain other assumptions, and while the Company believes that such estimates are reasonable, they are subject to change based on future developments and other factors. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> For revenues associated with contract manufacturing and the sale of intermediates, control transfers to the customer and the performance obligation is satisfied when the customer takes possession of the product from the Boca Facility. </div><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Product revenues from the sale of human plasma collected at the Company’s plasma collection centers are recognized at the time control of the product has been transferred to the customer and the performance obligation is satisfied, which generally occurs at the time of shipment from one of the Company’s plasma collection facilities or from a third-party warehouse that is utilized by the Company. Product revenues are recognized at the time of delivery if the Company retains control of the product during shipment. </div><div style="margin-left: 18pt; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> For the three months ended March 31, 2026, three customers represented an aggregate of approximately 82% of the Company’s consolidated revenues. For the three months ended March 31, 2025, three customers represented an aggregate of approximately 74% of the Company’s consolidated revenues. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Cost of Product Revenue</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Cost of product revenue includes costs associated with the manufacture of the Company’s FDA approved products and intermediates and for the collection of human source plasma, as well as expenses related to conformance batch production, process development and scientific and technical operations when these operations are attributable to marketed products. When the activities of these operations are attributable to new products in development, the expenses are classified as research and development expenses. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Earnings Per Common Share</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt;"> For the three months ended March 31, 2026<span style="mso-spacerun:yes"> </span>and 2025<span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">,</span> basic and diluted earnings per share are calculated as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net income available to common stockholders ($000's) (numerator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">45,328</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">26,904</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted-average number of common shares (denominator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">236,072,751</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">237,775,476</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Basic earnings per common share </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.11</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;">Weighted-average number of common shares</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">236,072,751</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">237,775,476</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding stock options </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,815,666</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,987,814</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding warrants </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">47,536</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding RSUs </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">1,067,345</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">2,865,524</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Total shares - diluted (denominator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">239,955,762</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">244,676,350</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Diluted earnings per common share </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.11</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="text-align: center; font-size: 10pt;">  </div><div style="font-size : 10pt; text-indent : 36pt; ">  For the three months ended March 31, 2026 and 2025, the following stock options were excluded from the computation of diluted net income per common share because of their anti-dilutive effects: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Options </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,490,218</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Total </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,490,218</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="text-align: center; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Fair Value of Financial Instruments</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The carrying amounts of certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable and accounts payable are shown at cost, which approximates fair value due to the short-term nature of these instruments. The debt outstanding under the Company’s senior notes payable (see Note 7) also approximates fair value, based on a Level 3 classification under the fair value hierarchy, due to the variable interest rate on this debt. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Recent Accounting Pronouncements</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> In December 2025, the FASB issued ASU 2025-11, <span style="font-style: italic;">Interim Reporting (Topic 270): Narrow-Scope Improvements</span> (“ASU 2025-11”), which clarifies the guidance in Topic 270 to improve the consistency of interim financial reporting. The ASU provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2025-11. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify;"> In November 2024, FASB issued ASU 2024-03, <span style="font-style: italic;">Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses </span>(“ASU 2024-03”), requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The adoption of ASU 2024-03 will result in changes to the presentation of  the Company’s financial statements, the impact of which is currently being evaluated. </div> <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Principles of consolidation and basis of presentation</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Any reference in these notes to applicable guidance is meant to refer to U.S. GAAP as found in the Accounting Standards Codification (“ASC”) and Accounting Standards Updates (“ASU”) of the Financial Accounting Standards Board (the “FASB”). </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The accompanying unaudited condensed consolidated financial statements should be read in conjunction with the annual audited consolidated financial statements and notes thereto as of and for the year ended December 31, 2025 included in the 2025 10-K. All intercompany balances and transactions have been eliminated in consolidation. The preparation of our interim consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed. We have made reasonable estimates and judgments of such items within our financial statements and there may be changes to those estimates in future periods. </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> During the three months ended March 31, 2026 and 2025, comprehensive income was equal to the net income amounts presented for the respective periods in the accompanying condensed consolidated statements of operations. Results for interim periods are not necessarily indicative of the results that may be expected for the full fiscal year.</div> <div style="font-size: 10pt;"><span style="font-style: italic; text-decoration: underline;">Use of Estimates</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include estimates related to the Company’s effective tax rate. </div> <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Accounts Receivable</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Accounts receivable is reported at realizable value, net of allowances for customer credits and credit losses in the amount of $0.2 million and $0.3 million at March 31, 2026 and December 31, 2025, respectively. <span style="color: rgb(33, 37, 41);">The Company extends credit to its customers based upon an evaluation of each customer’s financial condition and credit history. Evaluations of the financial condition, payment history and associated credit risk of customers are performed on an ongoing basis.</span> Based on these evaluations, the Company has concluded that its credit risk is minimal. At March 31, 2026 and December 31, 2025, two customers accounted for an aggregate of approximately 82% and 87%, respectively, of the Company’s total accounts receivable. </div> 200000 300000 2 2 0.82 0.87 <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Inventories</span> </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> Raw materials inventory consists of normal source plasma (“NSP”) and Respiratory Syncytial Virus (“RSV”) high-titer plasma collected at the Company’s plasma collection facilities or purchased from third parties, along with various materials purchased from suppliers, used in the production of the Company’s products. Work-in-process and finished goods inventories (see Note 3) reflect the cost of raw materials as well as costs for direct and indirect labor, primarily salaries, wages and benefits for applicable employees, as well as an allocation of overhead costs related to the Boca Facility including utilities, property taxes, general repairs and maintenance, consumable supplies and depreciation. </div><div style="text-indent: 33.75pt; text-align: justify; font-size: 10pt;"> Inventories, including plasma intended for resale and plasma intended for internal use in the Company’s manufacturing, commercialization or research and development activities, are carried at the lower of cost or net realizable value determined by the first-in, first-out method. For both the Company’s immune globulin products and plasma intended for resale and internal use, net realizable value is generally determined based upon the consideration the Company expects to receive when the inventory is sold, less costs to deliver the inventory to the recipient. The estimates for net realizable value of inventory are based on contractual terms or upon historical experience and certain other assumptions, and the Company believes that such assumptions are reasonable. Inventory is periodically reviewed to ensure that its carrying value does not exceed its net realizable value, and adjustments are recorded to write down such inventory, with a corresponding charge to cost of product revenue, when the carrying value or historical cost exceeds its estimated net realizable value. In addition, costs associated with the production of engineering lots that would not qualify as immediately available for commercial sale are charged to cost of product revenue and not capitalized into inventory. </div> <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Goodwill</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Goodwill represents the excess of purchase price over the fair value of net assets acquired by the Company. Goodwill at March 31, 2026 and December 31, 2025 was $3.5 million, all of which is attributable to its ADMA BioManufacturing business segment. </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company did not record any impairment charges related to goodwill for the three months ended March 31, 2026 and 2025. </div> 3500000 3500000 0 0 <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Revenue Recognition</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Revenues are comprised of (i) revenues from the sale of the Company’s immunoglobulin products, ASCENIV, BIVIGAM and Nabi-HB, (ii) product revenues from the sale of human plasma collected by the Company’s Plasma Collection Centers business segment, (iii) contract manufacturing and laboratory services revenue, (iv) revenues from the sale of intermediate by-products and (v) license and other revenues primarily attributable to the out-licensing of ASCENIV to Biotest AG (“Biotest”) in 2012 to market and sell this product in Europe and certain countries in Northern Africa and the Middle East. Biotest has provided the Company with certain services and financial payments in accordance with the related Biotest license agreement and is obligated to pay the Company certain amounts in the future if certain milestones are achieved. Deferred revenue is amortized into income over the term of the Biotest license, representing a period of approximately 22 years.</div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;">Product revenue is recognized when the customer is deemed to have control over the product and the performance obligation is satisfied. Control is determined based on when the product is shipped or delivered and title passes to the customer. Revenue is recorded in an amount that reflects the consideration the Company expects to receive in exchange. Revenue from the sale of the Company’s immunoglobulin products is recognized when the product reaches the customer’s destination, and is recorded net of estimated rebates, wholesaler distribution and related fees, customer incentives, including prompt pay discounts, wholesaler chargebacks, group purchasing organization fees and reimbursements for patient assistance. These estimates are based on contractual arrangements, historical experience and certain other assumptions, and while the Company believes that such estimates are reasonable, they are subject to change based on future developments and other factors. </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> For revenues associated with contract manufacturing and the sale of intermediates, control transfers to the customer and the performance obligation is satisfied when the customer takes possession of the product from the Boca Facility. </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Product revenues from the sale of human plasma collected at the Company’s plasma collection centers are recognized at the time control of the product has been transferred to the customer and the performance obligation is satisfied, which generally occurs at the time of shipment from one of the Company’s plasma collection facilities or from a third-party warehouse that is utilized by the Company. Product revenues are recognized at the time of delivery if the Company retains control of the product during shipment. </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> For the three months ended March 31, 2026, three customers represented an aggregate of approximately 82% of the Company’s consolidated revenues. For the three months ended March 31, 2025, three customers represented an aggregate of approximately 74% of the Company’s consolidated revenues. </div> P22Y 3 0.82 3 0.74 <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Cost of Product Revenue</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Cost of product revenue includes costs associated with the manufacture of the Company’s FDA approved products and intermediates and for the collection of human source plasma, as well as expenses related to conformance batch production, process development and scientific and technical operations when these operations are attributable to marketed products. When the activities of these operations are attributable to new products in development, the expenses are classified as research and development expenses. </div> <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Earnings Per Common Share</span> </div><div style="text-indent: 36pt;"> For the three months ended March 31, 2026<span style="mso-spacerun:yes"> </span>and 2025<span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">,</span> basic and diluted earnings per share are calculated as follows: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net income available to common stockholders ($000's) (numerator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">45,328</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">26,904</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted-average number of common shares (denominator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">236,072,751</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">237,775,476</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Basic earnings per common share </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.11</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;">Weighted-average number of common shares</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">236,072,751</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">237,775,476</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding stock options </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,815,666</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,987,814</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding warrants </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">47,536</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding RSUs </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">1,067,345</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">2,865,524</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Total shares - diluted (denominator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">239,955,762</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">244,676,350</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Diluted earnings per common share </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.11</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="font-size : 10pt; text-indent : 36pt; ">  For the three months ended March 31, 2026 and 2025, the following stock options were excluded from the computation of diluted net income per common share because of their anti-dilutive effects: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Options </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,490,218</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Total </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,490,218</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> <div style="text-indent: 36pt;"> For the three months ended March 31, 2026<span style="mso-spacerun:yes"> </span>and 2025<span style="letter-spacing: normal; text-indent: 48px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">,</span> basic and diluted earnings per share are calculated as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="vertical-align: bottom; text-align: center; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td colspan="5" style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Net income available to common stockholders ($000's) (numerator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">45,328</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">26,904</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Weighted-average number of common shares (denominator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">236,072,751</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">237,775,476</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Basic earnings per common share </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.11</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;">Weighted-average number of common shares</td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">236,072,751</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">237,775,476</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding stock options </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,815,666</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,987,814</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding warrants </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">47,536</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Potential shares of common stock arising from outstanding RSUs </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">1,067,345</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: right; width: 9%;">2,865,524</td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Total shares - diluted (denominator) </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">239,955,762</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">244,676,350</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Diluted earnings per common share </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.19</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">0.11</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 45328000 26904000 236072751 237775476 0.19 0.11 236072751 237775476 2815666 3987814 0 47536 1067345 2865524 239955762 244676350 0.19 0.11 <div style="font-size : 10pt; text-indent : 36pt; ">  For the three months ended March 31, 2026 and 2025, the following stock options were excluded from the computation of diluted net income per common share because of their anti-dilutive effects: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Options </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,490,218</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Total </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,490,218</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 1490218 0 1490218 0 <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Fair Value of Financial Instruments</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The carrying amounts of certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable and accounts payable are shown at cost, which approximates fair value due to the short-term nature of these instruments. The debt outstanding under the Company’s senior notes payable (see Note 7) also approximates fair value, based on a Level 3 classification under the fair value hierarchy, due to the variable interest rate on this debt. </div> <div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Recent Accounting Pronouncements</span> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> In December 2025, the FASB issued ASU 2025-11, <span style="font-style: italic;">Interim Reporting (Topic 270): Narrow-Scope Improvements</span> (“ASU 2025-11”), which clarifies the guidance in Topic 270 to improve the consistency of interim financial reporting. The ASU provides a comprehensive list of required interim disclosures and introduces a disclosure principle requiring entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. ASU 2025-11 is effective for fiscal years beginning after December 15, 2027, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the impact of adopting ASU 2025-11. </div><div style="text-indent: 36pt; text-align: justify;"> In November 2024, FASB issued ASU 2024-03, <span style="font-style: italic;">Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses </span>(“ASU 2024-03”), requiring public entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026, and for interim periods beginning after December 15, 2027, with early adoption permitted. The adoption of ASU 2024-03 will result in changes to the presentation of  the Company’s financial statements, the impact of which is currently being evaluated. </div> <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">3.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">INVENTORIES</span> </div> </div><div style="clear: both;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> The following table provides the components of inventories: </div><div style="margin-left: 13.5pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 25.5pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align : bottom; text-align : center; width : 9%; white-space : nowrap; border-bottom : 2px solid rgb(0, 0, 0); "> <span style="font-weight: bold;">March 31, <br/>2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align : bottom; text-align : center; width : 9%; white-space : nowrap; border-bottom : 2px solid rgb(0, 0, 0); "> <span style="font-weight: bold;">December 31, <br/>2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Raw materials</span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%;">89,281</td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%;">96,612</td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Work-in-process </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">67,532</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">57,798</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Finished goods </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">65,285</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">52,055</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Total inventories, net </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">222,098</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">206,465</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Raw materials includes plasma and other materials expected to be used in the production of ASCENIV, BIVIGAM and Nabi-HB. These materials will be consumed in the production of goods expected to be available for sale or otherwise have alternative uses that provide a probable future benefit. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Work-in-process inventory primarily consists of the Company’s IVIG products that are manufactured to the bulk drug substance and unlabeled filled vials stage of production. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Finished goods inventory is comprised of the Company’s immunoglobulin products that have reached the filled, labeled and serialized vial stage of production and related intermediates that are available for commercial sale, as well as plasma collected at the Company’s plasma collection centers which is expected to be sold to third-party customers.</div> <div style="text-indent: 36pt; font-size: 10pt;"> The following table provides the components of inventories: </div><div style="margin-left: 13.5pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 25.5pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align : bottom; text-align : center; width : 9%; white-space : nowrap; border-bottom : 2px solid rgb(0, 0, 0); "> <span style="font-weight: bold;">March 31, <br/>2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align : bottom; text-align : center; width : 9%; white-space : nowrap; border-bottom : 2px solid rgb(0, 0, 0); "> <span style="font-weight: bold;">December 31, <br/>2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Raw materials</span></td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%;">89,281</td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 9%;">96,612</td><td style="vertical-align: bottom; text-align: left; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Work-in-process </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">67,532</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">57,798</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div> Finished goods </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">65,285</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">52,055</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div> Total inventories, net </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">222,098</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">206,465</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 89281000 96612000 67532000 57798000 65285000 52055000 222098000 206465000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">4.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">PROPERTY AND EQUIPMENT</span> </div> </div><div style="clear: both;">  </div><div style="text-indent: 36pt; font-family: Arial; font-size: 10pt; text-align: justify;"> <span style="font-family: Times New Roman;">Property and equipment and related accumulated depreciation are summarized as follows:</span> </div><div style="font-family: Arial; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; margin-right: 0px; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">December 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;">Manufacturing and laboratory equipment</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">29,329</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">28,119</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Office equipment and computer software </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,307</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,307</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Furniture and fixtures </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,635</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,614</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Construction in process </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,219</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,457</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Leasehold improvements </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15,046</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">14,983</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Land </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">13,039</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">13,039</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Buildings and building improvements </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">27,430</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">26,886</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">105,005</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">103,405</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Less: Accumulated depreciation </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(39,995</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(38,348</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total property and equipment, net </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">65,010</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">65,057</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table><div style="text-align: center; font-family: Arial; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company recorded depreciation expense on property and equipment of $1.8 million and $1.9 million for the three months ended March 31, 2026 and 2025, respectively.</div> <div style="text-indent: 36pt; font-family: Arial; font-size: 10pt; text-align: justify;"> <span style="font-family: Times New Roman;">Property and equipment and related accumulated depreciation are summarized as follows:</span> </div><div style="font-family: Arial; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; margin-right: 0px; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">December 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;">Manufacturing and laboratory equipment</td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">29,329</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">28,119</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Office equipment and computer software </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,307</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,307</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Furniture and fixtures </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,635</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,614</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Construction in process </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,219</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">8,457</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Leasehold improvements </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">15,046</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">14,983</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Land </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">13,039</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">13,039</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Buildings and building improvements </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">27,430</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">26,886</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">105,005</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">103,405</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Less: Accumulated depreciation </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(39,995</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(38,348</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total property and equipment, net </div> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">65,010</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">65,057</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 29329000 28119000 6307000 6307000 5635000 5614000 8219000 8457000 15046000 14983000 13039000 13039000 27430000 26886000 105005000 103405000 39995000 38348000 65010000 65057000 1800000 1900000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">5.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">ASSETS AND LIABILITIES HELD FOR SALE</span> </div> </div><div style="text-indent: -36pt; padding-left: 36pt;">  </div><div style="text-align: justify; text-indent: 36px; padding-left: 0px;">   In the first quarter of 2026, the Company completed the sale of its plasma collection centers located in Maryville, Tennessee (“Maryville Center”), Knoxville, Tennessee (“Knoxville Center”), and Laurel, Maryland (“Laurel Center” and, collectively with the Maryville Center and Knoxville Center, the “Disposal Group”), in that order. The sale was completed pursuant to an Asset Purchase Agreement entered into on December 31, 2025, which provided for an aggregate purchase price of $12.0 million, with fifty percent (50%) of the consideration in the form of one-year secured promissory notes bearing interest at ten percent (10%) and the remaining fifty percent (50%) payable in cash, $1.0 million of which was received in December 2025. As a result of the sale of the Disposal Group, the Company recognized a gain of approximately $8.0 million. We have recorded the one-year secured promissory notes within prepaid expenses and other current assets and recognized the gain within Gain on sale of plasma centers. </div> 12000000 0.50 P1Y 0.10 0.50 1000000 8000000 P1Y <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">6.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</span> </div> </div><div style="text-indent: -27pt; padding-left: 27pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> Accrued expenses and other current liabilities at March 31, 2026 and December 31, 2025 are as follows: </div><div style="font-size: 10pt;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td style="text-align: center; width: 1%;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;" valign="top"> </td><td style="height: 1pt; text-align: center; white-space: nowrap; border-bottom: 2px solid rgb(0, 0, 0); width: 9%;" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">March 31, 2026</b></div> </td><td style="text-align: center; width: 1%;" valign="top"> </td> <td style="text-align: center; width: 1%;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;" valign="top"> </td><td style="height : 1pt; text-align : center; width : 9%; white-space : nowrap; border-bottom : 2px solid rgb(0, 0, 0); " valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">December 31, 2025</b></div> </td><td style="text-align: center; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:1;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;"><i style="mso-bidi-font-style:normal">(In thousands)</i></div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="height: 1pt; width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="height: 1pt; width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued rebates</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">7,159</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">5,758</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:3;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued distribution fees</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">12,598</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">14,808</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued incentives</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">1,737</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">6,005</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:5;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued interest</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">750</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">172</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued testing</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">389</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">130</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:7;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued payroll and other compensation</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">5,453</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">809</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued income taxes</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">17,123</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">8,616</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:9;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Other</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">3,352</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">4,168</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Total accrued expenses and other current liabilities</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">48,561</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">40,466</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table> <div style="text-indent: 36pt; font-size: 10pt;"> Accrued expenses and other current liabilities at March 31, 2026 and December 31, 2025 are as follows: </div><div style="font-size: 10pt;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td style="text-align: center; width: 1%;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;" valign="top"> </td><td style="height: 1pt; text-align: center; white-space: nowrap; border-bottom: 2px solid rgb(0, 0, 0); width: 9%;" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">March 31, 2026</b></div> </td><td style="text-align: center; width: 1%;" valign="top"> </td> <td style="text-align: center; width: 1%;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;" valign="top"> </td><td style="height : 1pt; text-align : center; width : 9%; white-space : nowrap; border-bottom : 2px solid rgb(0, 0, 0); " valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">December 31, 2025</b></div> </td><td style="text-align: center; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:1;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;"><i style="mso-bidi-font-style:normal">(In thousands)</i></div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="height: 1pt; width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="height: 1pt; width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued rebates</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">7,159</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">5,758</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:3;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued distribution fees</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">12,598</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">14,808</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued incentives</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">1,737</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">6,005</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:5;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued interest</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">750</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">172</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued testing</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">389</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">130</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:7;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued payroll and other compensation</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">5,453</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">809</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Accrued income taxes</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">17,123</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right;" valign="top">8,616</td><td style="margin: 0in; width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:9;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Other</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">3,352</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">4,168</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Total accrued expenses and other current liabilities</div> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">48,561</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> <td style="margin: 0in; width: 1%;" valign="top"> </td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">40,466</td><td style="margin: 0in; width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table> 7159000 5758000 12598000 14808000 1737000 6005000 750000 172000 389000 130000 5453000 809000 17123000 8616000 3352000 4168000 48561000 40466000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">7.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">DEBT</span> </div> </div><div style="text-indent: -27pt; padding-left: 27pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> A summary of outstanding senior notes payable is as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">December 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> JPM revolving credit facility </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">125,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> JPM term loan </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">73,594</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">74,063</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: Debt discount and issuance costs </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,729</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,920</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total debt </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">196,865</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">72,143</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: current portion of long-term debt </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(3,281</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,813</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Long-term debt </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">193,584</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">69,330</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="text-align: center; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">JPM Credit Agreement</span> </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt; text-indent: 36px; padding-left: 0px;">   On August 5, 2025 (the “JPM Closing Date”), the Company and all of the Company’s subsidiaries entered into a Credit Agreement (the “JPM Credit Agreement”) with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. The JPM Credit Agreement provides for $300 million of senior secured credit facilities, consisting of (a) a term loan in the aggregate principal amount of $75 million (the “JPM Term Loan Facility”), which was drawn in full on the JPM Closing Date, and (b) a revolving credit facility in the aggregate principal amount of $225 million (the “JPM Revolving Facility”). The Company may also request, subject to customary conditions, additional incremental revolving commitments or term loans in an aggregate principal amount not to exceed $100 million (together with the JPM Term Loan Facility and the JPM Revolving Facility, the “JPM Credit Facilities”). The JPM Term Loan Facility has a maturity date of August 5, 2028 (the “JPM Term Maturity Date”) and the JPM Revolving Facility has a maturity date of August 5, 2028 or any earlier date on which the commitments under the JPM Revolving Facility are reduced to zero or otherwise terminated pursuant to the terms of the JPM Credit Agreement (the “JPM Revolving Maturity Date”). </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> On March 2, 2026, the Company borrowed $125.0 million under the JPM Revolving Facility, used to fund the accelerated share repurchase agreement (“ASR Agreement”). See Note 8 for further details. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Interest on borrowings under the JPM Credit Facilities accrues at an applicable rate equal to (i) an alternate base rate plus an applicable spread (each such borrowing, an “ABR Borrowing”) or (ii) Term SOFR plus an applicable spread (each such borrowing, a “Term Benchmark Borrowing”), in each case based on the lower of the applicable rates set forth in the JPM Credit Agreement, which are based on the Company’s total leverage ratio. These applicable spreads range from 150 basis points to 200 basis points over the alternate base rate and 250 basis points to 300 basis points over Term SOFR, in each case, as determined in accordance with the provisions of the JPM Credit Agreement. The Company has agreed to pay a commitment fee at specified rates set forth in the JPM Credit Agreement, which, based on the Company’s total leverage ratio, ranges from 30 basis points to 35 basis points on the daily amount of the undrawn portion of the aggregate commitments of the lenders under the JPM Revolving Facility. At the Company’s request, each borrowing initially shall be either an ABR Borrowing or a Term Benchmark Borrowing, and the Company may thereafter elect to convert any such borrowing to a different type. During the occurrence and continuance of an Event of Default (as defined in the JPM Credit Agreement), all borrowings shall accrue interest at a rate per annum equal to 2% plus the applicable rate. As of March 31, 2026, the interest rate on the JPM Term Loan Facility and the JPM Revolving Facility was approximately 6.17%. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> On the JPM Revolving Facility Maturity Date, the Company will repay the unpaid principal amount outstanding under the JPM Revolving Facility. Under the JPM Term Loan Facility, the Company will make principal payments in accordance with and on the dates specified in the amortization schedule set forth in the JPM Credit Agreement, with the remaining unpaid principal amount to be paid in full on the JPM Term Maturity Date. The Company may prepay at any time and from time to time any borrowing in whole or in part, without premium or penalty (other than, if applicable, any break funding expenses), subject to customary notice requirements. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> All of the Company’s obligations under the JPM Credit Agreement are secured by a first-priority lien and security interest in substantially all of the tangible and intangible assets, including intellectual property and equity interests, of the Company and all of its subsidiaries.</div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The JPM Credit Agreement contains certain representations and warranties, affirmative covenants, negative covenants and conditions that are customarily required for similar debt financings. The negative covenants include certain financial covenants, including a maximum total leverage ratio of 2.50 to 1.00 and a minimum fixed charge coverage ratio of 1.20 to 1.00. The negative covenants also restrict or limit the Company’s ability and the ability of the Company’s subsidiaries to, among other things and subject to certain exceptions contained in the JPM Credit Agreement, incur new indebtedness; create liens on assets; engage in certain fundamental corporate changes; make certain investments; dispose of certain assets; engage in sale and leaseback transactions or swap agreements; make dividend payments and other certain Restricted Payments (as defined in the JPM Credit Agreement); engage in certain affiliate transactions; enter into any other agreements that have the impact of restricting the Company’s ability to make loan repayments under the JPM Credit Agreement; or amend certain material documents. </div><div style="font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt; text-indent: 46px; padding-left: 0px;"> The debt maturities over the next five years are as follows (<span style="font-style: italic;">in thousands</span>): </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 14.25pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left;"> <span style="font-weight: bold;">Fiscal year</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Amount</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: left;"> 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,344</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; text-align: left;"> 2027 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,688</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: left;"> 2028 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">191,562</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; text-align: left;"> 2029 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: left;"> 2030 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; text-align: left;"> Total </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">198,594</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="text-align: center; font-size: 10pt;">  </div><div style="text-align: justify; font-size: 10pt; text-indent: 46px; padding-left: 0px;"> As of March 31, 2026, the Company was in compliance with all of its debt covenants in the JPM Credit Agreement.</div> <div style="text-indent: 36pt; font-size: 10pt;"> A summary of outstanding senior notes payable is as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap;"> <span style="font-weight: bold;">December 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> JPM revolving credit facility </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">125,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> JPM term loan </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">73,594</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">74,063</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: Debt discount and issuance costs </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,729</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,920</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total debt </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">196,865</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">72,143</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: current portion of long-term debt </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(3,281</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(2,813</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Long-term debt </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">193,584</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">69,330</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 125000000 0 73594000 74063000 1729000 1920000 196865000 72143000 3281000 2813000 193584000 69330000 300000000 75000000 225000000 100000000 2028-08-05 2028-08-05 0 125000000 0.0150 0.0200 0.0250 0.0300 0.0030 0.0035 0.02 0.0617 0.0617 0.025 0.012 <div style="text-align: justify; font-size: 10pt; text-indent: 46px; padding-left: 0px;"> The debt maturities over the next five years are as follows (<span style="font-style: italic;">in thousands</span>): </div><div style="text-align: justify; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 88%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 14.25pt;"> <td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: left;"> <span style="font-weight: bold;">Fiscal year</span> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Amount</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: left;"> 2026 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,344</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; text-align: left;"> 2027 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,688</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: left;"> 2028 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">191,562</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; text-align: left;"> 2029 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; text-align: left;"> 2030 </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom; text-align: left;"> Total </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">198,594</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 2344000 4688000 191562000 0 0 198594000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">8.</span> </div><div> <span style="font-weight: bold; text-decoration: underline;">STOCKHOLDERS’ EQUITY</span> </div></div><div style="text-indent: -36pt; padding-left: 36pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Treasury Stock</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> In May 2025, the Company’s board of directors (the “Board”) authorized a share repurchase program of up to $500.0 million of the Company’s outstanding shares of common stock (the “Repurchase Program”). The Repurchase Program does not obligate the Company to acquire any particular amount of its common stock, and may be modified, suspended, or terminated at any time. The Repurchase Program has no expiration date. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> On March 2, 2026, the Company entered into an ASR Agreement with JPMorgan Chase Bank, National Association (“JPMorgan”) to repurchase $125.0 million of shares of the Company’s common stock under the Repurchase Program. During the period ended March 31, 2026, the Company initially received 6,422,608 shares related to the ASR Agreement. The remaining shares under the ASR Agreement are expected to be repurchased by August 2026. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> During the three months ended March 31, 2026, the Company also repurchased 331,548 shares of common stock under the Repurchase Program at a total cost of $5.2 million. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> During the three months ended March 31, 2026, the Company recognized $0.7 million of excise tax liability related to share repurchases in accordance with the Inflation Reduction Act of 2022. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> The following table summarizes the common stock repurchase activity under the Repurchase Program: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 4.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="5" style="vertical-align: bottom; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <b>For the Three Months Ended March 31,</b></td> <td style="vertical-align: bottom; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Shares repurchased </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,754</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total cost of shares repurchased </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">111,080</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">- </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The repurchased shares are recorded at the repurchase cost in treasury stock in the Company’s condensed consolidated balance sheet and are available for reissuance. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Preferred Stock</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> The Company is currently authorized to issue up to 10 million shares of preferred stock, $0.0001, par value per share. There were no shares of preferred stock outstanding at March 31, 2026 and December 31, 2025. </div><div style="margin-left: 18pt; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Common Stock</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> As of March 31, 2026 and December 31, 2025, the Company was authorized to issue 300,000,000 shares of its common stock, $0.0001 par value per share, and 232,288,977 and 237,874,496 shares of common stock were outstanding as of March 31, 2026 and December 31, 2025, respectively. After giving effect to shares reserved for the issuance of awards issued under the Company’s equity incentive plans, 45,996,496 shares of common stock were available for issuance as of March 31, 2026. </div><div style="font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic; text-decoration: underline;">Equity Incentive Plans</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> In 2022, the Company’s stockholders approved the ADMA Biologics, Inc. 2022 Compensation Plan (the “2022 Equity Plan”), which replaced the Company’s Amended and Restated 2014 Omnibus Incentive Compensation Plan (the “2014 Plan”). Approval of the 2022 Equity Plan resulted in approximately 18 million additional shares of the Company’s common stock being reserved for future awards. The 2022 Equity Plan provides for the Company’s Board or a Committee of the Board (the “Committee”) to grant awards to grantees and to determine the exercise price, vesting term, expiration date and all other terms and conditions of the awards, including acceleration of the vesting of an award at any time. Any options granted under the 2022 Equity Plan are intended to be Incentive Stock Options (“ISOs”), unless specified by the Committee to be Non-Qualified Options (“NQOs”) as defined by the Internal Revenue Code. ISOs and NQOs may be granted to employees, consultants or Board members at an option price not less than the fair market value of the common stock subject to the stock option agreement. Shares issued in connection with the exercise of stock options or the vesting of RSUs are newly issued shares. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Options</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The fair value of stock options granted is determined on the date of grant using the Black-Scholes model. To determine the risk-free interest rate, the Company utilizes the U.S. Treasury yield curve in effect at the time of the grant with a term consistent with the term of the awards granted by the Company. The expected term of all options granted is in accordance with Staff Accounting Bulletins 107 and 110, which is based on the average between vesting terms and contractual terms as the Company had a limited history of option exercises prior to the middle of fiscal 2023. The expected dividend yield reflects the Company’s current and expected future policy for dividends on the Company’s common stock. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The following assumptions were used to determine the fair value of options granted during the three months ended March 31, 2026 and 2025: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="5" style="vertical-align : bottom; text-align : center; white-space : nowrap; border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; "><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected term </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> 5.5 - 6.3 years </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> 5.5 - 6.3 years </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Volatility </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align : bottom; text-align : right; width : 9%; white-space : nowrap; ">69</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dividend yield </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.0</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.0</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Risk-free interest rate </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;"> 3.80-3.87</td><td style="vertical-align: bottom; text-align: center; width: 1%;"><span style="letter-spacing: normal; text-align: right; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4.40</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> The following table summarizes information about the Company’s stock options under the Company’s equity incentive plans and related information: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 9%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted-Average</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Exercise Price</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options outstanding, vested and expected to vest at December 31, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,682,783</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.13</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expired </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">695,321</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">16.37</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Exercised </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(192,187</td><td style="text-align: left; width: 1%; vertical-align: top; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">3.34</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options outstanding, vested and expected to vest at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">5,185,917</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.61</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options exercisable </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">3,053,223</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4.73</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: center; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> As of March 31, 2026, the Company had $15.8 million of unrecognized compensation expense related to stock options granted under the Company’s equity incentive plans, which is expected to be recognized over a weighted-average period of 3.0 years. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="font-size: 10pt;"> <span style="font-style: italic;">Restricted Stock Units</span> </div><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company grants RSUs to certain employees and consultants of the Company and to members of its Board. The RSUs generally vest annually over a period of four years for employees and semi-annually over a period of one year for directors. </div><div style="text-align: justify; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> A summary of the Company’s RSU activity and related information is as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted-<br/>Average Grant<br/> Date Fair Value</span></td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at December 31, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,144,503</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9.31</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,184,203</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">16.33</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Vested </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,515,572</td><td style="text-align: left; width: 1%; vertical-align: middle;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.22</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(154,516</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.59</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,658,618</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.70</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table><div style="text-align: center; font-size: 10pt;"> </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> As of March 31, 2026, the Company had $50.4 million of unrecognized compensation expense related to unvested RSUs granted under the Company’s equity incentive plans, which is expected to be recognized over a weighted-average period of 3.0 years. </div><div style="text-align: justify; margin-left: 9pt; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Total stock-based compensation expense for all awards granted under the Company’s equity incentive plans for the three months ended March 31, 2026 and 2025 was as follows: </div><div style="margin-left: 18pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> <span style="font-style: italic;">(in thousands)</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Research and development </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">39</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Plasma center operating expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">123</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">77</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,150</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,873</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cost of product revenue </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">990</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">635</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Total stock-based compensation expense </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,329</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,624</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table> 500000000 125000000 6422608 331548 5200000 700000 <div style="text-indent: 36pt; font-size: 10pt;"> The following table summarizes the common stock repurchase activity under the Repurchase Program: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 4.5pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td colspan="5" style="vertical-align: bottom; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center;"> <b>For the Three Months Ended March 31,</b></td> <td style="vertical-align: bottom; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-left-width: medium; border-left-style: none; border-left-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Shares repurchased </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,754</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 14.25pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total cost of shares repurchased </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">111,080</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">- </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 6754000 0 111080000 0 10000000 10000000 0.0001 0.0001 0 0 300000000 300000000 0.0001 0.0001 232288977 237874496 45996496 18000000 <div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The following assumptions were used to determine the fair value of options granted during the three months ended March 31, 2026 and 2025: </div><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td colspan="5" style="vertical-align : bottom; text-align : center; white-space : nowrap; border-bottom : 2px solid black; border-top-color : black; border-right-color : black; border-left-color : black; "><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-bottom: 2px solid rgb(0, 0, 0); vertical-align: bottom; text-align: center; border-top-width: medium; border-top-style: none; border-top-color: currentcolor; border-right-width: medium; border-right-style: none; border-right-color: currentcolor; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expected term </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> 5.5 - 6.3 years </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%;"> 5.5 - 6.3 years </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Volatility </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align : bottom; text-align : right; width : 9%; white-space : nowrap; ">69</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Dividend yield </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.0</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">0.0</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Risk-free interest rate </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%; text-align: right;"> 3.80-3.87</td><td style="vertical-align: bottom; text-align: center; width: 1%;"><span style="letter-spacing: normal; text-align: right; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4.40</td><td style="vertical-align: bottom; text-align: left; width: 1%;">%</td> </tr> </table> P5Y6M P6Y3M18D P5Y6M P6Y3M18D 0.69 0.66 0 0 0.038 0.0387 0.044 <div style="text-indent: 36pt; font-size: 10pt;"> The following table summarizes information about the Company’s stock options under the Company’s equity incentive plans and related information: </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 9%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium; border-style: none; border-color: currentcolor; white-space: nowrap; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted-Average</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Exercise Price</span></td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options outstanding, vested and expected to vest at December 31, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">4,682,783</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">6.13</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Expired </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">695,321</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">16.37</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Exercised </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">(192,187</td><td style="text-align: left; width: 1%; vertical-align: top; border-bottom: 2px solid transparent;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium; border-style: none; border-color: currentcolor;">3.34</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options outstanding, vested and expected to vest at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">5,185,917</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.61</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Options exercisable </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">3,053,223</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4.73</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 4682783 6.13 0 0 0 0 695321 16.37 -192187 3.34 5185917 7.61 3053223 4.73 15800000 P3Y P4Y P1Y <div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> A summary of the Company’s RSU activity and related information is as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 76%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top;"> <td style="vertical-align: bottom;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Shares</span></td><td style="vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Weighted-<br/>Average Grant<br/> Date Fair Value</span></td><td style="vertical-align: bottom; text-align: right; width: 1%;"> </td> </tr><tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at December 31, 2025 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,144,503</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">9.31</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Granted </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,184,203</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">16.33</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Vested </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(1,515,572</td><td style="text-align: left; width: 1%; vertical-align: middle;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">7.22</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Forfeited </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(154,516</td><td style="text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor; vertical-align: top;">) </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.59</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,658,618</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">11.70</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 5144503 9.31 1184203 16.33 1515572 7.22 154516 11.59 4658618 11.7 50400000 P3Y <div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> Total stock-based compensation expense for all awards granted under the Company’s equity incentive plans for the three months ended March 31, 2026 and 2025 was as follows: </div><div style="margin-left: 18pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31,</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> <span style="font-style: italic;">(in thousands)</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Research and development </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">66</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">39</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> Plasma center operating expenses </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">123</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">77</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Selling, general and administrative </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">5,150</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">3,873</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Cost of product revenue </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">990</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">635</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Total stock-based compensation expense </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">6,329</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 4px; border-style: none none double; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,624</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> </tr> </table> 66000 39000 123000 77000 5150000 3873000 990000 635000 6329000 4624000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">9.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">RELATED PARTY TRANSACTIONS</span> </div> </div><div style="margin-left: 18pt; clear: both;">  </div><div style="text-indent: 36pt; text-align: justify;"> The Company leases an office building and equipment from Areth, LLC (“Areth”) pursuant to an agreement for services effective as of January 1, 2016, as amended from time to time, and pays monthly rent on this facility in the amount of $10,000. The Company amended the original Areth agreement to extend its term to December, 31, 2026, with automatic successive one-year renewals thereafter. Either party may terminate the agreement by providing the other party with one year’s prior written notice. Rent expense for the three months ended March 31, 2026 and 2025 amounted to $30,000. Areth is a company controlled by Dr. Jerrold B. Grossman, the Vice Chairman of the Board, and Adam S. Grossman, the Company’s President and Chief Executive Officer. </div><div>  </div><div style="text-align: justify; text-indent: 48px; padding-left: 0px;"> During the three months ended March 31, 2025, the Company purchased certain specialized equipment and repair services used for the collection and processing of source plasma from GenesisBPS in the amount of approximately $34,000. GenesisBPS was owned by Dr. Grossman and Adam Grossman until September 30, 2025. </div> 10000 2026-12-31 P1Y P1Y 30000 30000 34000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">10.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">COMMITMENTS AND CONTINGENCIES</span> </div> </div><div style="margin-left: 18pt; clear: both;">  </div><div> <span style="font-style: italic; text-decoration: underline;">General Legal Matters</span> </div><div>  </div><div style="text-indent: 36pt; text-align: justify;"> From time to time the Company is or may become subject to certain legal proceedings and claims arising in connection with the normal course of its business. Management does not expect that the outcome of any such claims or actions will have a material effect on the Company’s liquidity, results of operations or financial condition. </div><div style="margin-left: 18pt;">  </div><div> <span style="font-style: italic; text-decoration: underline;">Vendor Commitments</span> </div><div>  </div><div style="text-indent: 36pt; text-align: justify;"> Pursuant to the terms of a Plasma Purchase Agreement dated as of November 17, 2011 (the “2011 Plasma Purchase Agreement”), the Company agreed to purchase from its former contract manufacturer an annual minimum volume of source plasma containing antibodies to RSV to be used in the manufacture of ASCENIV. The Company must purchase a to-be-determined and agreed upon annual minimum volume from the counterparty, and under the original 2011 Plasma Purchase Agreement the Company was permitted to also collect high-titer plasma from up to five wholly owned ADMA plasma collection facilities. During 2015, the Company amended the 2011 Plasma Purchase Agreement to (i) allow the Company to collect its raw material high-titer plasma from any number of wholly owned ADMA plasma collection facilities and (ii) allow the Company to purchase its raw material high-titer plasma from other third-party collection organizations, in each case, provided that the annual minimum volumes from the Company’s former contract manufacturer were met, thus allowing the Company to expand its reach for raw material supply as it executes its commercialization plans for ASCENIV. On December 10, 2018, the Company’s former contract manufacturer assigned its rights and obligations under the 2011 Plasma Purchase Agreement to Grifols Worldwide Operations Limited (“Grifols”) as its successor-in-interest, effective January 1, 2019. Effective October 1, 2024, the Company entered into an Amended and Restated Plasma Purchase Agreement with Grifols (the “A&amp;R Grifols Agreement”) with a term expiring in <span style="-sec-ix-hidden: hidden-fact-2">September 2039</span>, after which it may be renewed for two additional multi-year periods if agreed to by the parties. Pursuant to the A&amp;R Grifols Agreement, Grifols supplies, on a non-exclusive basis, to ADMA BioManufacturing a minimum of 35,000 liters of RSV plasma annually to be used in the manufacture of ASCENIV, with an escalating price per liter depending on the volume supplied in a given 12-month period, with a minimum annual price increase every 12 months. Additionally, Grifols will be entitled to receive a fixed bonus payment in the event that a specified liter amount of high-titer plasma is supplied to the Company in any 12-month period during the term of the A&amp;R Grifols Agreement. </div><div style="text-align: justify;">  </div><div style="text-indent: 36pt; text-align: justify;"> Effective August 6, 2024, the Company entered into a Plasma Purchase Agreement with KEDPlasma LLC (“KEDPlasma”) with a term expiring in <span style="-sec-ix-hidden: hidden-fact-3">July 2031</span>, after which it may be renewed for an additional five-year period if agreed to by the parties (the “KEDPlasma Agreement”). Pursuant to the KEDPlasma Agreement, KEDPlasma supplies, on a non-exclusive basis, to ADMA BioManufacturing a minimum of 35,000 liters of RSV plasma annually commencing with the 12-month period ending July 31, 2026, with an escalating price per liter depending on the volume supplied in a given 12-month period. The price per liter of high-titer plasma supplied pursuant to the KEDPlasma Agreement is also scheduled to increase on an annual basis. Additionally, KEDPlasma will be entitled to receive a fixed bonus payment in the event that a specified liter amount of RSV plasma is supplied to the Company in any 12-month period during the term of the KEDPlasma Agreement. </div><div style="text-indent: 36pt; text-align: justify;"> On June 6, 2017, the Company entered into a Plasma Supply Agreement with its former contract manufacturer, pursuant to which the counterparty supplies, on an exclusive basis subject to certain exceptions, to ADMA BioManufacturing an annual minimum volume of hyperimmune plasma that contain antibodies to the Hepatitis B virus for the manufacture of Nabi-HB. The Plasma Supply Agreement has a 10-year term. On July 19, 2018, the Plasma Supply Agreement was amended to provide, among other things, that in the event the counterparty elects not to supply in excess of ADMA BioManufacturing’s specified amount of Hepatitis B plasma and ADMA BioManufacturing is unable to secure Hepatitis B plasma from a third party at a price that is within a low double- digit percentage of the price that ADMA BioManufacturing pays to the counterparty, then the counterparty shall reimburse ADMA BioManufacturing for the difference in price ADMA BioManufacturing incurs. On December 10, 2018, the Company’s former contract manufacturer assigned its rights and obligations under the Plasma Supply Agreement to Grifols, effective January 1, 2019. </div><div>  </div><div> <span style="font-style: italic; text-decoration: underline;">Other Commitments</span> </div><div>  </div><div style="text-indent: 36pt; text-align: justify;"> In the normal course of business, the Company enters into contracts that contain a variety of indemnifications with its employees, licensors, suppliers and service providers. Further, the Company indemnifies its directors and officers who are, or were, serving at the Company’s request in such capacities. The Company’s maximum exposure under these arrangements is unknown as of March 31, 2026. The Company does not anticipate recognizing any significant losses relating to these arrangements. </div> 5 2 35000 P12M P12M P12M P5Y 35000 P12M P12M P12M P10Y <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27.0pt; white-space: nowrap;"> <span style="font-weight: bold;">11.</span> </div> <div> <span style="font-weight: bold; text-decoration: underline;">SEGMENTS</span> </div> </div><div style="margin-left: 18pt; clear: both;">  </div><div style="text-indent: 36pt; text-align: justify;"> The Company is engaged in the manufacture, marketing and development of specialty plasma-derived biologics. The Company’s ADMA BioManufacturing operating segment reflects the Company’s immunoglobulin manufacturing, commercial and development operations in Boca Raton, FL. The Plasma Collection Centers operating segment consisted of ten plasma collection facilities as of March 31, 2025 and seven plasma collection facilities as of March 31, 2026, all located throughout the United States. All facilities, were operational, collecting plasma and holding FDA licenses as of each respective period. The Company defines its operating segments as those business units whose operating results are regularly reviewed by the chief operating decision maker (“CODM”) to analyze performance and allocate resources. The Corporate information included in the reconciliations below generally consists of certain unallocated general and administrative overhead expenses and interest expense on the Company’s senior debt (see Note 7). The Company’s CODM is its President and Chief Executive Officer. For the Company’s two operating segments, the CODM uses income before taxes as the measure of segment profit to determine the allocation of resources for each segment. Transactions between the two operating segments consist solely of the transfer of raw material plasma inventory at cost from the Plasma Collection Centers segment to the ADMA BioManufacturing segment with no markup or intercompany profit. Income tax benefit/expense is recorded in the Corporate entity and is not allocated to the operating segments. Summarized financial information concerning reportable segments is shown in the following tables: </div><table cellpadding="0" style="border-width: medium; border-style: none; border-color: currentcolor; border-collapse: collapse; width: 100%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:1.0pt"> <td colspan="13" style="height: 1pt; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">Three Months Ended March 31, 2026</b></div> </td> </tr> <tr style="mso-yfti-irow:1;height:1.0pt"> <td style="height: 1pt; vertical-align: bottom;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;"><i style="mso-bidi-font-style:normal">(in thousands)</i></div> </td> <td style="text-align: center;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">ADMA<br/> BioManufacturing</b></div> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td> <td style="text-align: center; white-space: nowrap;" valign="top"> </td><td style="text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">Plasma Collection<br/> Centers</b></div> </td><td style="text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td> <td style="text-align: center;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">Total</b></div> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Revenues</div> </td> <td style="margin: 0in; text-align: right; width: 1%;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">113,741</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right; width: 1%;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">716</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right; width: 1%;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">114,457</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:3;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Cost of product revenue</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">32,950</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">793</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">33,743</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:5;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Research and development</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,597</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,597</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:7;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Plasma center operating expenses</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,062</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,062</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:9;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Gain on sale of plasma centers</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(7,980</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(7,980</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> </tr> <tr style="mso-yfti-irow:11;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Selling, marketing and distribution</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">7,196</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">7,196</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:13;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;"><span style="font-size: 9.5pt;">Depreciation and amortization expense</span></div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,274</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">565</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,839</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:15;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">General and administrative expense</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">8,458</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">8,458</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:17;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Other income (expense), net</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(187</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">68</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(119</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> </tr> <tr style="mso-yfti-irow:19;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Income (loss) before taxes</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">62,298</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">6,909</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">69,207</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:21;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Expenditures for additions to long-lived assets</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,516</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">27</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,543</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:23;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Total assets</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">429,289</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">25,255</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">454,544</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:25;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in;"><i style="mso-bidi-font-style:normal">Reconciliation of revenues:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Segment revenue</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">114,457</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:27;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">License revenue</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">36</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.3in; text-indent: -0.1in;">Consolidated revenues</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">114,493</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:29;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="9" style="height: 1pt;" valign="top"> <div style="margin: 0in;"><i style="mso-bidi-font-style:normal">Reconciliation of selling, general and administrative expense:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:31;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Segment selling, marketing and distribution expense</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">7,196</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Segment general and administrative expense</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">8,458</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:33;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Corporate general and administrative expense (a)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">11,088</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.3in; text-indent: -0.1in;">Consolidated selling, general and administrative expense</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">26,742</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:35;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="9" style="height: 1pt;" valign="top"> <div style="margin : 0in; "><i style="mso-bidi-font-style:normal">Reconciliation of income (loss) before taxes:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:37;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Segment income before taxes</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">69,207</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">License revenue </div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">36</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:39;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Unallocated interest expense, primarily related to interest on senior debt (see Note 7)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(2,095</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Unallocated interest income</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,067</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:41;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Loss on extinguishment of debt</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Corporate general and administrative expense (a)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">(11,088</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top">) </td> </tr> <tr style="mso-yfti-irow:43;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.3in; text-indent: -0.1in;">Consolidated income before taxes</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">57,127</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:45;height:1.0pt"> <td colspan="9" style="height: 1pt;" valign="top"> <div style="margin: 0in;"><i style="mso-bidi-font-style:normal">Reconciliation of total assets:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Total segment assets</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">454,544</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:47;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Corporate (b)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">210,640</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in;">Consolidated total assets</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">665,184</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table><div style="margin: 0in; font-size: 10pt;"> </div><table style="width: 100%; font-size: 10pt;"><tr style="height: 0px; font-size: 0px;"><td style="width: 2%;"> </td><td style="width: 1%;"> </td><td style="width: 97%;"> </td></tr><tr><td style="vertical-align: top;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td><td style="vertical-align: top;">-</td><td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are not allocated to the Company's operating segments.</span></td></tr><tr><td> </td><td> </td><td> </td></tr><tr><td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</span></td><td>-</td><td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Primarily consists of cash and deferred tax assets.</span></td></tr></table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr><td> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td colspan="13" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> <div>Three Months Ended March 31, 2025</div> </td> </tr> <tr> <td style="font-style: italic; vertical-align: bottom;" valign="top"> <div>(in thousands)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center; vertical-align: bottom;" valign="top"> <div>ADMA<br/> BioManufacturing</div> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> <div>Plasma Collection<br/> Centers</div> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center; vertical-align: bottom;" valign="top"> <div>Total</div> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Revenues</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">113,716</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">1,050</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">114,766</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Cost of product revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">53,057</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">648</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">53,705</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Research and development</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">826</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">826</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Plasma center operating expenses</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,286</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,286</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Selling, marketing and distribution</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">6,044</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">6,044</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Depreciation and amortization expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,161</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">808</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,969</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>General and administrative expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">8,495</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">8,495</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Other expense, net</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(64</td><td style="width: 1%; text-align: left;" valign="top">) </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(64</td><td style="width: 1%; text-align: left;" valign="top">) </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Income (loss) before taxes</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">45,205</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(884</td><td style="width: 1%; text-align: left;" valign="top">) </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">44,321</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Expenditures for additions to long-lived assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">4,699</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">21</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">4,720</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> <div>Total assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">330,091</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">27,644</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">357,735</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of revenues:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">114,766</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td style="padding-left: 10px;" valign="top"> <div>License revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">36</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 20px;" valign="top"> <div>Consolidated revenues</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">114,802</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of selling, general and administrative expense:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment selling, marketing and distribution expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">6,044</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment general and administrative expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">8,495</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Corporate general and administrative expense (a)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">9,540</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 20px;" valign="top"> <div>Consolidated selling, general and administrative expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">24,079</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr> <td style="padding-left: 10px;" valign="top"> </td> <td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 9%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of income (loss) before taxes:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment income before taxes</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">44,321</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>License revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">36</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Unallocated interest expense, primarily related to interest on senior debt (see Note 7)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(1,975</td><td style="width: 1%; text-align: left;" valign="top">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Unallocated interest income</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">608</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Corporate general and administrative expense (a)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">(9,540</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 20px;" valign="top"> <div>Consolidated income before taxes</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">33,450</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr> <td style="padding-left: 10px;" valign="top"> </td> <td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 9%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of total assets:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Total segment assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">357,735</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;" valign="top"> <div>Corporate (b)</div> </td> <td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 9%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">152,834</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 20px;" valign="top"> <div>Consolidated total assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">510,569</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table><div> </div><div> (a) - Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are  not allocated to the Company's operating segments.</div><div>  </div><div> (b) - Primarily consists of cash and deferred tax assets. </div><div style="text-indent: 36pt; font-size: 10pt;"> Net revenues according to geographic area, based on the location of where the product is shipped, were as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; margin-right: 0px; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 40%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="17" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 25.5pt;"> <td style="text-align: left; vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(in thousands)</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-color: currentcolor currentcolor rgb(0, 0, 0); border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">ADMA BioManufacturing</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Plasma Centers</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">Total Segment<br/>Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">License Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Consolidated Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> United States </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,363</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">26</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,389</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,425</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> International </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">378</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">690</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,068</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,068</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Total revenues </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">113,741</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">716</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,457</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,493</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 40%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="17" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 25.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(in thousands)</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">ADMA BioManufacturing</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Plasma Centers</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">Total Segment <br/>Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">License Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Consolidated Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> United States </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,609</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">85</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,694</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> International </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,107</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">965</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,072</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,072</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Total revenues </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">113,716</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,050</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,766</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,802</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> Net revenues, disaggregated by product, are as follows: </div><div style="font-size: 10pt;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;" width="624"> <tr> <td style="white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Three Months Ended March 31,</b> </td> <td style="width: 1%;" valign="top"> </td> </tr><tr style="mso-yfti-irow:1;height:14.25pt"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2026</b></div> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2025</b></div> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:2;height:14.25pt"> <td valign="bottom"> <div><i>(in thousands)</i></div> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td> <td style="width: 1%;" valign="bottom"> </td><td style="width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; width: 9%;" valign="bottom"> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="height: 14.25pt; background-color: rgb(204, 238, 255);"> <td valign="bottom"> <div>ASCENIV</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">97,486</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">76,332</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:4;height:14.25pt"> <td valign="bottom"> <div>BIVIGAM</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">15,422</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">33,512</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 15.75pt; background-color: rgb(204, 238, 255);"> <td valign="bottom"> <div>Intermediates and other <span style="font-size: .83em; vertical-align: super;">(1)</span></div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 15.75pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">833</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 15.75pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">3,872</td> <td style="height: 15.75pt; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:6;height:14.25pt"> <td style="padding-left: 10px;" valign="bottom"> <div>ADMA BioManufacturing</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">113,741</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">113,716</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:8;height:14.25pt"> <td style="padding-left: 10px;" valign="bottom"> <div>Plasma Collection Centers</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">716</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">1,050</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr><tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; padding-left: 10px;" valign="top">License revenue </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top">36 </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top">36 </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="height: 15pt;"> <td style="font-weight: bold; padding-left: 20px;" valign="bottom"> <div>Total</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">$</td><td style="height: 15pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">114,493</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; font-weight: bold; border-bottom: 4px double transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">$</td><td style="height: 15pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">114,802</td> <td style="height: 15pt; text-align: left; width: 1%; font-weight: bold; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table><div style="font-size: 10pt;"> </div><div>⁽¹⁾ Due to Nabi-HB historically representing less than 10% of the Company’s revenue within the ADMA BioManufacturing segment, it has been included under intermediates and other.</div> 10 7 2 2 Summarized financial information concerning reportable segments is shown in the following tables:<table cellpadding="0" style="border-width: medium; border-style: none; border-color: currentcolor; border-collapse: collapse; width: 100%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:1.0pt"> <td colspan="13" style="height: 1pt; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">Three Months Ended March 31, 2026</b></div> </td> </tr> <tr style="mso-yfti-irow:1;height:1.0pt"> <td style="height: 1pt; vertical-align: bottom;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;"><i style="mso-bidi-font-style:normal">(in thousands)</i></div> </td> <td style="text-align: center;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">ADMA<br/> BioManufacturing</b></div> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td> <td style="text-align: center; white-space: nowrap;" valign="top"> </td><td style="text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">Plasma Collection<br/> Centers</b></div> </td><td style="text-align: center; white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td> <td style="text-align: center;" valign="top"> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> <div style="margin: 0in;"><b style="mso-bidi-font-weight:normal">Total</b></div> </td><td style="text-align: center; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Revenues</div> </td> <td style="margin: 0in; text-align: right; width: 1%;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">113,741</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right; width: 1%;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">716</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right; width: 1%;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">114,457</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:3;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Cost of product revenue</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">32,950</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">793</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">33,743</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:5;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Research and development</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,597</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,597</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:7;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Plasma center operating expenses</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,062</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,062</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:9;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Gain on sale of plasma centers</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(7,980</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(7,980</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> </tr> <tr style="mso-yfti-irow:11;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Selling, marketing and distribution</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">7,196</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">7,196</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:13;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;"><span style="font-size: 9.5pt;">Depreciation and amortization expense</span></div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,274</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">565</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,839</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:15;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">General and administrative expense</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">8,458</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">8,458</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:17;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Other income (expense), net</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(187</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">68</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(119</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> </tr> <tr style="mso-yfti-irow:19;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Income (loss) before taxes</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">62,298</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">6,909</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">69,207</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:21;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Expenditures for additions to long-lived assets</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,516</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">27</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">2,543</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:23;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in; text-indent: -0.1in;">Total assets</div> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">429,289</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">25,255</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">454,544</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:25;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in;"><i style="mso-bidi-font-style:normal">Reconciliation of revenues:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Segment revenue</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">114,457</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:27;height:1.0pt"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">License revenue</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">36</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.3in; text-indent: -0.1in;">Consolidated revenues</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">114,493</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:29;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="9" style="height: 1pt;" valign="top"> <div style="margin: 0in;"><i style="mso-bidi-font-style:normal">Reconciliation of selling, general and administrative expense:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:31;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Segment selling, marketing and distribution expense</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">7,196</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Segment general and administrative expense</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">8,458</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:33;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Corporate general and administrative expense (a)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">11,088</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.3in; text-indent: -0.1in;">Consolidated selling, general and administrative expense</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">26,742</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:35;height:1.0pt"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="9" style="height: 1pt;" valign="top"> <div style="margin : 0in; "><i style="mso-bidi-font-style:normal">Reconciliation of income (loss) before taxes:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:37;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Segment income before taxes</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">69,207</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">License revenue </div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">36</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:39;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Unallocated interest expense, primarily related to interest on senior debt (see Note 7)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">(2,095</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">) </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Unallocated interest income</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">1,067</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:41;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Loss on extinguishment of debt</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">-</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in; text-indent: -0.1in;">Corporate general and administrative expense (a)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">(11,088</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top">) </td> </tr> <tr style="mso-yfti-irow:43;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.3in; text-indent: -0.1in;">Consolidated income before taxes</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">57,127</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt;" valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="mso-yfti-irow:45;height:1.0pt"> <td colspan="9" style="height: 1pt;" valign="top"> <div style="margin: 0in;"><i style="mso-bidi-font-style:normal">Reconciliation of total assets:</i></div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Total segment assets</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%;" valign="top">454,544</td><td style="margin: 0in; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:47;height:1.0pt"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.1in;">Corporate (b)</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid black;" valign="top"> </td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 2px solid black;" valign="top">210,640</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td colspan="5" style="height: 1pt;" valign="top"> <div style="margin: 0in 0in 0in 0.2in;">Consolidated total assets</div> </td> <td valign="top"> </td><td valign="top"> </td><td style="height: 1pt;" valign="top"> </td><td valign="top"> </td> <td style="margin: 0in; text-align: right;" valign="top"> </td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double black;" valign="top">$</td><td style="height: 1pt; margin: 0in; text-align: right; width: 9%; border-bottom: 4px double black;" valign="top">665,184</td><td style="margin: 0in; text-align: left; width: 1%; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table><div style="margin: 0in; font-size: 10pt;"> </div><table style="width: 100%; font-size: 10pt;"><tr style="height: 0px; font-size: 0px;"><td style="width: 2%;"> </td><td style="width: 1%;"> </td><td style="width: 97%;"> </td></tr><tr><td style="vertical-align: top;"><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</span></td><td style="vertical-align: top;">-</td><td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are not allocated to the Company's operating segments.</span></td></tr><tr><td> </td><td> </td><td> </td></tr><tr><td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</span></td><td>-</td><td><span style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Primarily consists of cash and deferred tax assets.</span></td></tr></table><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr><td> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr> <td colspan="13" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> <div>Three Months Ended March 31, 2025</div> </td> </tr> <tr> <td style="font-style: italic; vertical-align: bottom;" valign="top"> <div>(in thousands)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center; vertical-align: bottom;" valign="top"> <div>ADMA<br/> BioManufacturing</div> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> <div>Plasma Collection<br/> Centers</div> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td><td style="width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center; vertical-align: bottom;" valign="top"> <div>Total</div> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); font-weight: bold; text-align: center;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Revenues</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">113,716</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">1,050</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">114,766</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Cost of product revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">53,057</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">648</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">53,705</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Research and development</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">826</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">826</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Plasma center operating expenses</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,286</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,286</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Selling, marketing and distribution</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">6,044</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">6,044</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Depreciation and amortization expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,161</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">808</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">1,969</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>General and administrative expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">8,495</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">8,495</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Other expense, net</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(64</td><td style="width: 1%; text-align: left;" valign="top">) </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top"> - </td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(64</td><td style="width: 1%; text-align: left;" valign="top">) </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Income (loss) before taxes</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">45,205</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(884</td><td style="width: 1%; text-align: left;" valign="top">) </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">44,321</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> <div>Expenditures for additions to long-lived assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">4,699</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">21</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">4,720</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td valign="top"> <div>Total assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">330,091</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">27,644</td><td style="width: 1%; text-align: left;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">357,735</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of revenues:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">114,766</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td style="padding-left: 10px;" valign="top"> <div>License revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">36</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 20px;" valign="top"> <div>Consolidated revenues</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">114,802</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr> <td valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of selling, general and administrative expense:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment selling, marketing and distribution expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">6,044</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment general and administrative expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">8,495</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Corporate general and administrative expense (a)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">9,540</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 20px;" valign="top"> <div>Consolidated selling, general and administrative expense</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">24,079</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr> <td style="padding-left: 10px;" valign="top"> </td> <td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 9%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of income (loss) before taxes:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Segment income before taxes</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">44,321</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>License revenue</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">36</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Unallocated interest expense, primarily related to interest on senior debt (see Note 7)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">(1,975</td><td style="width: 1%; text-align: left;" valign="top">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Unallocated interest income</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top"> </td><td style="width: 9%; text-align: right;" valign="top">608</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Corporate general and administrative expense (a)</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">(9,540</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top">) </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="padding-left: 20px;" valign="top"> <div>Consolidated income before taxes</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">33,450</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> <tr> <td style="padding-left: 10px;" valign="top"> </td> <td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 9%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td colspan="5" style="font-style: italic;" valign="top"> <div>Reconciliation of total assets:</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 10px;" valign="top"> <div>Total segment assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left;" valign="top">$</td><td style="width: 9%; text-align: right;" valign="top">357,735</td><td style="width: 1%; text-align: left;" valign="top"> </td> </tr> <tr style="background-color: rgb(204, 238, 255);"> <td style="padding-left: 10px;" valign="top"> <div>Corporate (b)</div> </td> <td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td><td style="width: 9%; padding-left: 10px;" valign="top"> </td><td style="width: 1%; padding-left: 10px;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 2px solid black;" valign="top"> </td><td style="width: 9%; text-align: right; border-bottom: 2px solid black;" valign="top">152,834</td><td style="width: 1%; text-align: left; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr> <td colspan="5" style="padding-left: 20px;" valign="top"> <div>Consolidated total assets</div> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td><td style="width: 9%;" valign="top"> </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; text-align: left; border-bottom: 4px double black;" valign="top">$</td><td style="width: 9%; text-align: right; border-bottom: 4px double black;" valign="top">510,569</td><td style="width: 1%; text-align: left; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table><div> </div><div> (a) - Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are  not allocated to the Company's operating segments.</div><div>  </div><div> (b) - Primarily consists of cash and deferred tax assets. </div> 113741000 716000 114457000 32950000 793000 33743000 2597000 0 2597000 0 1062000 1062000 0 7980000 7980000 7196000 0 7196000 1274000 565000 1839000 8458000 0 8458000 -187000 68000 -119000 62298000 6909000 69207000 2516000 27000 2543000 429289000 25255000 454544000 114457000 36000 114493000 7196000 8458000 11088000 26742000 69207000 36000 -2095000 1067000 0 -11088000 57127000 454544000 210640000 665184000 113716000 1050000 114766000 53057000 648000 53705000 826000 0 826000 0 1286000 1286000 6044000 0 6044000 1161000 808000 1969000 8495000 0 8495000 -64000 0 -64000 45205000 -884000 44321000 4699000 21000 4720000 330091000 27644000 357735000 114766000 36000 114802000 6044000 8495000 9540000 24079000 44321000 36000 -1975000 608000 -9540000 33450000 357735000 152834000 510569000 <div style="text-indent: 36pt; font-size: 10pt;"> Net revenues according to geographic area, based on the location of where the product is shipped, were as follows: </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; margin-right: 0px; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 40%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="height: 0px; font-size: 0px;"> <td> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> <td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="17" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31, 2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 25.5pt;"> <td style="text-align: left; vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(in thousands)</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; width: 9%; border-color: currentcolor currentcolor rgb(0, 0, 0); border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">ADMA BioManufacturing</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Plasma Centers</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">Total Segment<br/>Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">License Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Consolidated Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> United States </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,363</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">26</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,389</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">113,425</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> International </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">378</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">690</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,068</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">1,068</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Total revenues </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">113,741</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">716</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,457</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,493</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table><div style="font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="height: 0px; font-size: 0px;"><td style="width: 40%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 1%;"> </td><td style="width: 9%;"> </td><td style="width: 1%;"> </td></tr><tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"><br/></td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td colspan="17" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center;"><span style="font-weight: 700; letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Three Months Ended March 31, 2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 25.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(in thousands)</span> </div> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); width: 9%; border-width: medium medium 2px; border-style: none none solid;"> <span style="font-weight: bold;">ADMA BioManufacturing</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Plasma Centers</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="vertical-align: bottom; text-align: center; border-color: currentcolor currentcolor rgb(0, 0, 0); white-space: nowrap; border-width: medium medium 2px; border-style: none none solid; width: 9%;"> <span style="font-weight: bold;">Total Segment <br/>Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">License Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">Consolidated Revenue</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> United States </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,609</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">85</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,694</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">110,730</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> International </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">3,107</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">965</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,072</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium; border-style: none; border-color: currentcolor;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">4,072</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Total revenues </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">113,716</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">1,050</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,766</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">36</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">114,802</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> </table> 113363000 26000 113389000 36000 113425000 378000 690000 1068000 0 1068000 113741000 716000 114457000 36000 114493000 110609000 85000 110694000 36000 110730000 3107000 965000 4072000 0 4072000 113716000 1050000 114766000 36000 114802000 <div style="text-indent: 36pt; font-size: 10pt;"> Net revenues, disaggregated by product, are as follows: </div><div style="font-size: 10pt;"> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;" width="624"> <tr> <td style="white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td colspan="6" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Three Months Ended March 31,</b> </td> <td style="width: 1%;" valign="top"> </td> </tr><tr style="mso-yfti-irow:1;height:14.25pt"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2026</b></div> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2025</b></div> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:2;height:14.25pt"> <td valign="bottom"> <div><i>(in thousands)</i></div> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td> <td style="width: 1%;" valign="bottom"> </td><td style="width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; width: 9%;" valign="bottom"> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="height: 14.25pt; background-color: rgb(204, 238, 255);"> <td valign="bottom"> <div>ASCENIV</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">97,486</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">76,332</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:4;height:14.25pt"> <td valign="bottom"> <div>BIVIGAM</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">15,422</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">33,512</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 15.75pt; background-color: rgb(204, 238, 255);"> <td valign="bottom"> <div>Intermediates and other <span style="font-size: .83em; vertical-align: super;">(1)</span></div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 15.75pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">833</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; border-bottom: 2px solid black;" valign="bottom"> </td><td style="height: 15.75pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; border-bottom: 2px solid black;" valign="bottom">3,872</td> <td style="height: 15.75pt; text-align: left; width: 1%; border-bottom: 2px solid transparent;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:6;height:14.25pt"> <td style="padding-left: 10px;" valign="bottom"> <div>ADMA BioManufacturing</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">113,741</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">113,716</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="height: 14.25pt; background-color: rgb(204, 238, 255);"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:8;height:14.25pt"> <td style="padding-left: 10px;" valign="bottom"> <div>Plasma Collection Centers</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">716</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">1,050</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr><tr style="height: 1pt; background-color: rgb(204, 238, 255);"> <td style="height: 1pt; padding-left: 10px;" valign="top">License revenue </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top">36 </td><td style="width: 1%;" valign="top"> </td> <td style="width: 1%;" valign="top"> </td><td style="width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top"> </td><td style="height: 1pt; width: 9%; text-align: right; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);" valign="top">36 </td><td style="width: 1%;" valign="top"> </td> </tr> <tr style="height: 15pt;"> <td style="font-weight: bold; padding-left: 20px;" valign="bottom"> <div>Total</div> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">$</td><td style="height: 15pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">114,493</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; font-weight: bold; border-bottom: 4px double transparent;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">$</td><td style="height: 15pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%; font-weight: bold; border-bottom: 4px double black;" valign="bottom">114,802</td> <td style="height: 15pt; text-align: left; width: 1%; font-weight: bold; border-bottom: 4px double transparent;" valign="top"> </td> </tr> </table><div style="font-size: 10pt;"> </div><div>⁽¹⁾ Due to Nabi-HB historically representing less than 10% of the Company’s revenue within the ADMA BioManufacturing segment, it has been included under intermediates and other.</div> 97486000 76332000 15422000 33512000 833000 3872000 113741000 113716000 716000 1050000 36000 36000 114493000 114802000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">12.</span> </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; text-decoration: underline;">LEASE OBLIGATIONS</span> </div> </div><div style="margin-left: 18pt; clear: both; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company leases certain properties and equipment for its ADMA BioCenters and ADMA BioManufacturing subsidiaries, which leases provide the right to use the underlying assets and require lease payments through the respective lease terms which expire at various dates through 2033. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Upon adoption of ASU 2016-02, <span style="font-style: italic;">Leases (Topic 842) </span>effective January 1, 2019, the Company elected the package of practical expedients, which permits the Company to not reassess under the new standard its prior conclusions about lease identification, lease classification and initial direct costs. In addition, the Company elected the short-term lease recognition exemption for qualifying leases. </div><div style="text-align: justify; margin-left: 18pt; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;">The Company determines if an arrangement is an operating lease or a financing lease at inception. Leases with an initial term of 12 months or less are not recorded on the balance sheet and lease expense for such leases are recognized on a straight-line basis over the lease term. All other leases are recorded on the balance sheet with assets representing the right to use the underlying asset for the lease term and lease liabilities representing the obligation to make lease payments arising from the lease. Right-of-use assets and lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term and include options to extend or terminate the lease when they are reasonably certain to be exercised. The present value of the lease payments is determined by using the Company’s estimated incremental borrowing rate as of the lease commencement date. The Company’s lease expense is recognized on a straight-line basis over the lease term and is reflected in Plasma center operating expenses and selling, general and administrative expenses. Aggregate lease expense for the Company’s leases was approximately $0.5 million and $0.6 million for the three months ended March 31, 2026 and 2025, respectively. Cash paid for the Company’s leases was approximately $0.4 million and $0.6 million for the three months ended March 31, 2026 and 2025, respectively.</div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company has aggregate lease liabilities of $7.5 million and $7.7 million as of March 31, 2026 and December 31, 2025, respectively, which are comprised primarily of the leases for the Company’s plasma collection centers. As of March 31, 2026, the Company’s operating leases have a weighted-average remaining term of 5.53 years. Scheduled payments under the Company’s lease obligations are as follows (<span style="font-style: italic;">in thousands</span>): </div><div style="margin-left: 18pt; font-size: 10pt;">  </div><div style="text-align: center; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,551</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2027 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,947</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2028 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,972</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2029 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,896</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2030 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,561</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> 2031 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,008</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Thereafter </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">445</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total payments </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">10,380</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: imputed interest </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2,839</td><td style="text-align: left; width: 1%; vertical-align: middle;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Current portion </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,176</td><td style="text-align: left; width: 1%; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,365</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> 500000 600000 400000 600000 7500000 7700000 As of March 31, 2026, the Company’s operating leases have a weighted-average remaining term of 5.53 years. Scheduled payments under the Company’s lease obligations are as follows (<span style="font-style: italic;">in thousands</span>):<table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,551</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2027 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,947</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2028 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,972</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2029 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,896</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> 2030 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,561</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div> 2031 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,008</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Thereafter </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid black;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid black;">445</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 2px solid transparent;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Total payments </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">10,380</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Less: imputed interest </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td><td style="vertical-align: bottom; text-align: right; width: 9%;">(2,839</td><td style="text-align: left; width: 1%; vertical-align: middle;">) </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Current portion </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);"> </td><td style="vertical-align: bottom; text-align: right; width: 9%; border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0);">(1,176</td><td style="text-align: left; width: 1%; vertical-align: top;">) </td> </tr> <tr style="vertical-align: top; height: 13.5pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> Balance at March 31, 2026 </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double black;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 4px double black;">6,365</td><td style="vertical-align: bottom; text-align: left; width: 1%; border-bottom: 4px double transparent;"> </td> </tr> </table> P5Y6M10D 1551000 1947000 1972000 1896000 1561000 1008000 445000 10380000 2839000 1176000 6365000 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">13.</span> </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; text-decoration: underline;">INCOME TAXES</span> </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company uses the estimated annual effective tax rate approach as prescribed by ASC 740-270, Interim Reporting, to calculate its interim provision for income taxes. </div><div style="text-align: center; font-size: 10pt;"> <span style="font-style: italic;"> </span> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;" width="100%"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:14.25pt"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> <div style="margin: 0in;"><br/></div> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Three Months Ended March 31,</b> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; height: 14.25pt; text-align: center; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:1;height:14.25pt"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2026</b></div> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2025</b></div> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; height: 14.25pt; text-align: center; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:2;height:14.25pt"> <td valign="bottom"> <div><i>(in thousands, except percentages)</i></div> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="height: 14.25pt; background-color: rgb(204, 238, 255);"> <td valign="bottom"> <div>Provision for income taxes</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">11,799</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">6,546</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes;height:14.25pt"> <td valign="bottom"> <div>Effective tax rate</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">20.7</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">%</td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">19.6</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top">%</td> </tr> </table><div style="text-align: justify; font-size: 10pt;"> </div><div style="text-indent: 27pt; text-align: justify; font-size: 10pt;"> The effective tax rate for the three months ended March 31, 2026 and 2025 was 20.7% and 19.6%, respectively, and differed from the federal statutory rate primarily due to the excess tax benefits on stock-based compensation. </div> <div style="text-indent: 36pt; text-align: justify; font-size: 10pt;"> The Company uses the estimated annual effective tax rate approach as prescribed by ASC 740-270, Interim Reporting, to calculate its interim provision for income taxes. </div><div style="text-align: center; font-size: 10pt;"> <span style="font-style: italic;"> </span> </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;" width="100%"> <tr style="mso-yfti-irow:0;mso-yfti-firstrow:yes;height:14.25pt"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> <div style="margin: 0in;"><br/></div> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td colspan="5" style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"><b style="letter-spacing: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;">Three Months Ended March 31,</b> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; height: 14.25pt; text-align: center; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:1;height:14.25pt"> <td style="height: 14.25pt; white-space: nowrap;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2026</b></div> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; white-space: nowrap; text-align: center; width: 1%;" valign="bottom"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); border-image: initial; height: 14.25pt; white-space: nowrap; text-align: center; width: 9%;" valign="bottom"> <div style="margin: 0in;"><b>2025</b></div> </td> <td style="border-width: medium; border-style: none; border-color: currentcolor; border-image: initial; height: 14.25pt; text-align: center; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:2;height:14.25pt"> <td valign="bottom"> <div><i>(in thousands, except percentages)</i></div> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; width: 9%;" valign="bottom"> </td> <td style="height: 14.25pt; width: 1%;" valign="top"> </td> </tr> <tr style="height: 14.25pt; background-color: rgb(204, 238, 255);"> <td valign="bottom"> <div>Provision for income taxes</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">11,799</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">$</td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">6,546</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top"> </td> </tr> <tr style="mso-yfti-irow:4;mso-yfti-lastrow:yes;height:14.25pt"> <td valign="bottom"> <div>Effective tax rate</div> </td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">20.7</td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom">%</td> <td style="white-space: nowrap; text-align: right; margin: 0in; width: 1%;" valign="bottom"> </td><td style="white-space: nowrap; text-align: left; margin: 0in; width: 1%;" valign="bottom"> </td><td style="height: 14.25pt; white-space: nowrap; text-align: right; margin: 0in; width: 9%;" valign="bottom">19.6</td> <td style="height: 14.25pt; text-align: left; width: 1%;" valign="top">%</td> </tr> </table> 11799000 6546000 0.207 0.196 0.207 0.196 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">14.</span> </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; text-decoration: underline;">SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION</span> </div> </div><div style="margin-left: 18pt; clear: both; font-size: 10pt;">  </div><div style="text-indent: 36pt; font-size: 10pt;"> Supplemental cash flow information for the three months ended March 31, 2026 and 2025 is as follows: </div><div style="text-align: right; margin-left: -22.5pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">SUPPLEMENTAL CASH FLOW INFORMATION:</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Cash paid for interest </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,326</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,750</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Cash paid for income taxes </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">91</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Noncash Financing and Investing Activities:</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Equipment acquired reflected in accounts payable and accrued liabilities </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">162</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">985</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Non-cash proceeds from the sale of assets previously held for sale </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> <div style="text-indent: 36pt; font-size: 10pt;"> Supplemental cash flow information for the three months ended March 31, 2026 and 2025 is as follows: </div><div style="text-align: right; margin-left: -22.5pt; font-size: 10pt;">  </div><table cellpadding="0" style="border-collapse: collapse; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 100%; border-spacing: 0px;"> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; font-size: 0px;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2026</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 1%;"> </td><td style="border-width: medium medium 2px; border-style: none none solid; border-color: currentcolor currentcolor rgb(0, 0, 0); vertical-align: bottom; text-align: center; width: 9%;"> <span style="font-weight: bold;">2025</span> </td><td style="border-width: medium; border-style: none; border-color: currentcolor; vertical-align: bottom; text-align: center; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-style: italic;">(In thousands)</span> </div> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> <td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td><td style="vertical-align: bottom; width: 9%;"> </td><td style="vertical-align: bottom; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">SUPPLEMENTAL CASH FLOW INFORMATION:</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Cash paid for interest </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">1,326</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">2,750</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Cash paid for income taxes </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">91</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;"> - </td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom;"> <div style="text-indent: -7.2pt; padding-left: 7.2pt;"> <span style="font-weight: bold;">Noncash Financing and Investing Activities:</span> </div> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> <td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 9%;"> </td><td style="vertical-align: bottom; font-size: 0px; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt;"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Equipment acquired reflected in accounts payable and accrued liabilities </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">162</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">985</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> <tr style="vertical-align: top; height: 12.75pt; background-color: rgb(204, 238, 255);"> <td style="vertical-align: bottom; padding-left: 10px;"> <div> Non-cash proceeds from the sale of assets previously held for sale </div> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">6,000</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> <td style="vertical-align: bottom; text-align: right; width: 1%;"> </td><td style="vertical-align: bottom; text-align: left; width: 1%;">$</td><td style="vertical-align: bottom; text-align: right; width: 9%;">-</td><td style="vertical-align: bottom; text-align: left; width: 1%;"> </td> </tr> </table> 1326000 2750000 91000 0 162000 985000 6000000 0 <div style="text-indent: -27pt; padding-left: 27pt;"> <div style="float: left; width: 27pt; white-space: nowrap; font-size: 10pt;"> <span style="font-weight: bold;">15.</span> </div> <div style="font-size: 10pt;"> <span style="font-weight: bold; text-decoration: underline;">SUBSEQUENT EVENTS</span> </div> </div><div style="clear: both; font-size: 10pt;">  </div><div style="text-indent : 48px; padding-left : 0px; "> In May 2026, the Company announced that the FDA approved the expansion of ASCENIV's label to include the pediatric setting for those two years of age and older. </div> false false false false 2039-09-30 2031-07-31 0001368514 false Q1 --12-31 -Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are not allocated to the Company's operating segments. -Primarily consists of cash and deferred tax assets. Due to Nabi-HB historically representing less than 10% of the Company’s revenue within the ADMA BioManufacturing segment, it has been included under intermediates and other.