Risk factors

Rising oilfield service costs driven by tariffs, global conflicts, and interest rates threaten development cash flows. Unexpired leases require ongoing drilling to prevent acreage loss. Large registered stock offerings and potential tax law changes threaten share prices and cash flows.

Corsair added significant new risk disclosures covering artificial intelligence technology regulation and internal control over financial reporting. The company also expanded disclosures on geopolitical conflicts, supply chain dependencies, and conflict minerals compliance.

New risks emphasize aluminum substitution, geopolitical disruption, tariffs, recycled-scrap availability, alloying elements, and debt-covenant constraints.

Expansion risk now omits virtual brands and delivery-only or ghost-kitchen formats.

Dynex Capital added risks regarding operational growth strains, ATM equity dilution in 2025, and AI technology usage.

Customer concentration increased, with top ten customers generating 43% of 2025 revenue compared to 33% previously.

Goodwill impairment risk remains, but this year’s wording omits the prior disclosure of Cabot’s $100.6 million impairment charge.

Everforth expanded disclosures on third-party outsourcing, artificial intelligence integration, and data privacy compliance. Federal government segment revenues increased to 26 percent of consolidated revenues.

Customer concentration intensified: one South Korean defense subcontractor provided most fiscal 2025 revenue.

Ether price volatility could substantially reduce the Shares’ value, including through market disruption, competition and declining liquidity.

Ethereum staking introduces validator losses, slashing, cybersecurity, centralization and network-governance risks specific to the Trust’s Ether holdings.

Customer concentration shifted with Molina now representing 25.7 percent of revenue. Total indebtedness rose to $934.0 million. Goodwill and intangible assets declined to $694.5 million and $584.9 million.