What changed in this filing

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Item 1. Financial Statements

2026-05-01 compared with 2026-01-29 · 206 added, 163 removed, 676 unchanged (35% of the section changed)

35 unchanged sentences

Shareholders’ deficit:

Preferred shares, nominal value €0.01 per share, 100,000,000 shares authorized;

none issued and outstanding

Ordinary shares, nominal value €0.01 per share, 100,000,000 shares authorized;

13 unchanged sentences

(unaudited in thousands, except share and per share data)

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

7 unchanged sentences

Income from operations 49,169 40,541 186,236 160,829

Other income, net 1,728 31,678 5,181 20,186

Other income (expense), net 2,580 ( 9,441 ) 7,761 10,745

Interest expense, net ( 25,397 ) ( 26,995 ) ( 80,460 ) ( 87,575 )

Loss on early extinguishment of debt — ( 696 ) — ( 517 )

Gain (loss) on early extinguishment of debt — 19 — ( 498 )

Income before income taxes 26,352 4,124 113,537 83,501

Income tax expense 11,709 12,144 42,884 42,290

Net income 49,490 61,615 56,010 49,231

Net income (loss) 14,643 ( 8,020 ) 70,653 41,211

Net (income) loss attributable to noncontrolling interests ( 804 ) ( 218 ) 167 ( 941 )

Net income attributable to Cimpress plc $ 49,344 $ 61,057 $ 56,981 $ 48,508

Basic net income per share attributable to Cimpress plc $ 2.01 $ 2.45 $ 2.32 $ 1.94

Diluted net income per share attributable to Cimpress plc $ 1.95 $ 2.36 $ 2.26 $ 1.86

Net income (loss) attributable to Cimpress plc $ 13,839 $ ( 8,238 ) $ 70,820 $ 40,270

Basic net income (loss) per share attributable to Cimpress plc $ 0.57 $ ( 0.33 ) $ 2.89 $ 1.61

Diluted net income (loss) per share attributable to Cimpress plc $ 0.55 $ ( 0.33 ) $ 2.81 $ 1.56

Weighted average shares outstanding — basic 24,260,212 24,834,409 24,469,786 24,990,419

2 unchanged sentences

(1) Share-based compensation expense is allocated as follows:

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

6 unchanged sentences

(unaudited in thousands)

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

Net income $ 49,490 $ 61,615 $ 56,010 $ 49,231

Other comprehensive income, net of tax:

Net income (loss) $ 14,643 $ ( 8,020 ) $ 70,653 $ 41,211

Other comprehensive income (loss), net of tax:

Foreign currency translation gains (losses), net of hedges 5,860 4,797 7,669 ( 10,384 )

Net unrealized gains (losses) on derivative instruments designated and qualifying as cash flow hedges 2,294 ( 1,202 ) 3,439 ( 2,388 )

Amounts reclassified from accumulated other comprehensive loss to net income for derivative instruments ( 618 ) 285 ( 1,338 ) 569

Comprehensive income 52,058 47,220 57,626 33,433

Comprehensive (income) loss attributable to noncontrolling interests ( 528 ) 35 585 ( 523 )

Total comprehensive income attributable to Cimpress plc $ 51,530 $ 47,255 $ 58,211 $ 32,910

Amounts reclassified from accumulated other comprehensive income (loss) to net income (loss) for derivative instruments ( 685 ) ( 3,233 ) ( 2,023 ) ( 2,664 )

Comprehensive income (loss) 22,112 ( 7,658 ) 79,738 25,775

Comprehensive income attributable to noncontrolling interests ( 1,817 ) ( 454 ) ( 1,232 ) ( 977 )

Total comprehensive income (loss) attributable to Cimpress plc $ 20,295 $ ( 8,112 ) $ 78,506 $ 24,798

See accompanying notes.

27 unchanged sentences

Balance at December 31, 2024 42,789 $ 601 ( 17,971 ) $ ( 1,363,550 ) $ 576,881 $ 277,562 $ ( 45,962 ) $ ( 554,468 )

See accompanying notes.

Ordinary Shares Treasury Shares

5 unchanged sentences

Shareholders’

Balance at December 31, 2024 42,789 $ 601 ( 17,971 ) $ ( 1,363,550 ) $ 576,881 $ 277,562 $ ( 45,962 ) $ ( 554,468 )

Issuance of ordinary shares due to share option exercises, net of shares withheld for taxes — — — — 6 — — 6

Purchase and cancellation of ordinary shares ( 57 ) — — — ( 802 ) ( 3,145 ) — ( 3,947 )

Share-based awards vested, net of shares withheld for taxes 110 1 — — ( 3,148 ) — — ( 3,147 )

Share-based compensation expense — — — — 12,153 — — 12,153

Net loss attributable to Cimpress plc — — — — — ( 8,238 ) — ( 8,238 )

Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges — — — — — — ( 4,435 ) ( 4,435 )

Foreign currency translation, net of hedges — — — — — — 4,561 4,561

Balance at March 31, 2025 42,842 $ 602 ( 17,971 ) $ ( 1,363,550 ) $ 585,090 $ 266,179 $ ( 45,836 ) $ ( 557,515 )

See accompanying notes.

Ordinary Shares Treasury Shares

Issued Amount Number

Shares Issued Amount Additional

Capital Retained

Earnings Accumulated Other

Comprehensive

Shareholders’

Balance at June 30, 2025 42,449 $ 597 ( 17,971 ) $ ( 1,363,550 ) $ 592,315 $ 225,117 $ ( 37,969 ) $ ( 583,490 )

17 unchanged sentences

See accompanying notes.

Ordinary Shares Treasury Shares

Issued Amount Number

Shares Issued Amount Additional

Capital Retained

Earnings Accumulated Other

Comprehensive

Shareholders’

Balance at December 31, 2025 42,381 $ 597 ( 17,971 ) $ ( 1,363,550 ) $ 608,023 $ 260,940 $ ( 36,739 ) $ ( 530,729 )

Issuance of ordinary shares due to share option exercises, net of shares withheld for taxes 4 — — — 197 — — 197

Purchase and cancellation of ordinary shares ( 288 ) ( 3 ) — — ( 4,394 ) ( 17,494 ) — ( 21,891 )

Share-based awards vested, net of shares withheld for taxes 99 1 — — ( 3,983 ) — — ( 3,982 )

Share-based compensation expense — — — — 13,932 — — 13,932

Net income attributable to Cimpress plc — — — — — 13,839 — 13,839

Redeemable noncontrolling interest accretion to redemption value — — — — — ( 839 ) — ( 839 )

Decrease due to purchase of noncontrolling interest — — — — ( 1,084 ) — — ( 1,084 )

Net unrealized gain on derivative instruments designated and qualifying as cash flow hedges — — — — — — 1,609 1,609

Foreign currency translation, net of hedges — — — — — — 4,847 4,847

Balance at March 31, 2026 42,196 $ 595 ( 17,971 ) $ ( 1,363,550 ) $ 612,691 $ 256,446 $ ( 30,283 ) $ ( 524,101 )

See accompanying notes.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited in thousands)

Six Months Ended December 31,

Nine Months Ended March 31,

Operating activities

4 unchanged sentences

Deferred taxes 3,556 5,778

Gain on early extinguishment of debt — 123

Unrealized gain on derivatives not designated as hedging instruments included in net income

( 12,117 ) ( 12,313 )

Loss on early extinguishment of debt — 123

Unrealized (gain) loss on derivatives not designated as hedging instruments included in net income ( 29,049 ) 6,761

Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency 7,309 ( 13,720 )

14 unchanged sentences

Proceeds from the settlement of derivatives designated as hedging instruments

Other investing activities 100 —

Net cash used in investing activities ( 132,849 ) ( 104,165 )

7 unchanged sentences

Purchase of noncontrolling interests ( 24,425 ) ( 4,058 )

Proceeds from sale of noncontrolling interest 24,814 —

Distributions to noncontrolling interests — ( 821 )

11 unchanged sentences

(unaudited in thousands)

Six Months Ended December 31,

Nine Months Ended March 31,

Supplemental disclosures of cash flow information

25 unchanged sentences

generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.

We believe our most significant estimates are associated with the ongoing evaluation of the recoverability of our long-lived assets and goodwill, estimated useful lives of assets, share-based compensation, and income taxes and related valuation allowances, among others.

We believe our most significant estimates are associated with the ongoing evaluation of the recoverability of our long-lived assets and goodwill, estimated fair value of redeemable noncontrolling interests, estimated useful lives of assets, share-based compensation, and income taxes and related valuation allowances, among others.

By their nature, estimates are subject to an inherent degree of uncertainty.

1 unchanged sentence

Ordinary Shares

During the six months ended December 31, 2025, we repurchased 414,711 of our ordinary shares on the open market for $ 28,186 .

The repurchased shares were immediately cancelled after repurchase and therefore have been classified as authorized and unissued shares as of December 31, 2025.

Subsidiary Equity Option Awards

During the second quarter of fiscal 2025, we granted subsidiary-level option awards, which provide the founders of one of our businesses with the option to purchase a 5.25% minority equity interest in each of the principal businesses that are included in our PrintBrothers reportable segment.

No material expense was recognized for any period presented.

Other Income, Net

The following table summarizes the components of other income, net.

Three Months Ended December 31, Six Months Ended December 31,

During the nine months ended March 31, 2026, we repurchased 702,820 of our ordinary shares on the open market for $ 50,077 .

The repurchased shares were immediately cancelled after repurchase and therefore have been classified as authorized and unissued shares as of March 31, 2026.

Other Income (Expense), Net

The following table summarizes the components of other income (expense), net.

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

Gains on derivatives not designated as hedging instruments (1) $ 1,428 $ 33,632 $ 4,879 $ 13,063

Gains (losses) on derivatives not designated as hedging instruments (1) $ 13,973 $ ( 14,640 ) $ 18,852 $ ( 1,577 )

Currency-related (losses) gains, net (2)

( 10,785 ) 5,131 ( 11,325 ) 11,691

659 153 842 563

Total other income, net $ 1,728 $ 31,678 $ 5,181 $ 20,186

Other (losses) gains ( 608 ) 68 234 631

Total other income (expense), net $ 2,580 $ ( 9,441 ) $ 7,761 $ 10,745

_____________________

(1) Includes realized and unrealized gains and losses on derivative currency forward and option contracts not designated as hedging instruments.

For contracts not designated as hedging instruments, we realized losses of $ 4,546 and $ 7,238 for the three and six months ended December 31, 2025, respectively, and gains of $ 2,981 and $ 749 for the three and six months ended December 31, 2024, respectively.

For contracts not designated as hedging instruments, we realized losses of $ 2,959 and $ 10,197 for the three and nine months ended March 31, 2026, respectively, and gains of $ 4,434 and $ 5,183 for the three and nine months ended March 31, 2025, respectively.

Refer to Note 4 for additional details relating to our derivative contracts.

(2) Currency-related (losses) gains, net primarily relates to significant non-functional currency intercompany financing relationships that we may change at times and are subject to currency exchange rate volatility.

Net Income Per Share Attributable to Cimpress plc

Basic net income per share attributable to Cimpress plc is computed by dividing net income attributable to Cimpress plc by the weighted-average number of ordinary shares outstanding for the respective period.

Diluted net income per share attributable to Cimpress plc gives effect to all potentially dilutive securities, including share options, restricted share units (“RSUs”), performance share units ("PSUs"), and warrants, if the effect of the securities is dilutive using the treasury stock method.

Net Income (Loss) Per Share Attributable to Cimpress plc

Basic net income (loss) per share attributable to Cimpress plc is computed by dividing net income (loss) attributable to Cimpress plc by the weighted-average number of ordinary shares outstanding for the respective period.

Diluted net income (loss) per share attributable to Cimpress plc gives effect to all potentially dilutive securities, including share options, restricted share units (“RSUs”), performance share units ("PSUs"), and warrants, if the effect of the securities is dilutive using the treasury stock method.

Awards with performance or market conditions are included using the treasury stock method only if the conditions would have been met as of the end of the reporting period and their effect is dilutive.

The following table sets forth the reconciliation of the weighted-average number of ordinary shares.

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

5 unchanged sentences

__________________

(1) On May 1, 2020, we entered into a financing arrangement which included 7-year warrants to purchase 1,055,377 of our ordinary shares with a strike price of $ 60 that have a potentially dilutive impact on our weighted-average shares outstanding.

For the three months ended December 31, 2025 and 2024, as well as the six months ended December 31, 2024, the average market price of our ordinary shares was higher than the strike price of the warrants;

therefore, the warrants are considered dilutive in the amounts of 121,970 , 248,156 and 294,657 , respectively.

The weighted-average anti-dilutive effect of the warrants for the six months ended December 31, 2025 was 527,689 , due to the average share price being below the strike price during the period.

(1) In the periods in which a net loss is recognized, the impact of share options, PSUs, RSUs and warrants is excluded from shares used in computed diluted net loss per share as it is anti-dilutive.

(2) On May 1, 2020, we entered into a financing arrangement which included 7-year warrants to purchase 1,055,377 of our ordinary shares with a strike price of $ 60 .

The effect of the warrants on our weighted-average shares outstanding for a period is dilutive if the average market price of our ordinary shares during the period was higher than the strike price of the warrants and anti-dilutive if the average market price of our ordinary shares during the period was lower than the strike price of the warrants.

Recently Issued or Adopted Accounting Pronouncements

17 unchanged sentences

Early adoption is permitted, but we do not intend to early adopt this standard.

We do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

In December 2023, the FASB issued Accounting Standards Update No.

2023-09 "Income Taxes (Topic 740):

Improvements to Income Tax Disclosures" (ASU 2023-09), which provides authoritative guidance about

expanded annual disclosure requirements for the income tax rate reconciliation and income taxes paid by jurisdiction.

The expanded disclosure requirements will be effective starting with our annual report for the fiscal year ending June 30, 2026.

Improvements to Income Tax Disclosures" (ASU 2023-09), which provides authoritative guidance about expanded annual disclosure requirements for the income tax rate reconciliation and income taxes paid by jurisdiction.

The expanded disclosure requirements will be effective starting with our annual report for the fiscal year

ending June 30, 2026 and we do not expect the adoption of this standard to have a material impact on our consolidated financial statements.

Fair Value Measurements

7 unchanged sentences

The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy.

December 31, 2025

March 31, 2026

Total Quoted Prices in

23 unchanged sentences

Total liabilities recorded at fair value $ ( 70,312 ) $ — $ ( 70,312 ) $ —

During the six months ended December 31, 2025 and year ended June 30, 2025, there were no significant transfers in or out of Level 1, Level 2, and Level 3 classifications.

During the nine months ended March 31, 2026 and year ended June 30, 2025, there were no significant transfers in or out of Level 1, Level 2, and Level 3 classifications.

The valuations of the derivatives intended to mitigate our interest rate and currency risks are determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each instrument.

2 unchanged sentences

Although we have determined that the majority of the inputs used to value our derivatives fall within Level 2 of the fair value hierarchy, the credit valuation adjustments associated with our derivatives utilize Level 3 inputs, such as estimates of current credit spreads, to appropriately reflect both our own nonperformance risk and the respective counterparties' nonperformance risk in the fair value measurement.

However, as of December 31, 2025, we have assessed the impact of the credit valuation adjustments and determined that it is not significant to the overall valuation of our derivatives and, as a result, that our derivative valuations in their entirety are classified in Level 2 in the fair value hierarchy.

As of December 31, 2025 and June 30, 2025, the carrying amounts of our cash and cash equivalents, accounts receivable, accounts payable, and other current liabilities approximated their estimated fair values.

As of December 31, 2025 and June 30, 2025, the carrying value of our debt, excluding debt issuance costs and debt premiums and discounts, was $ 1,607,907 and $ 1,604,513 , respectively, and the fair value was $ 1,621,354 and $ 1,582,599 , respectively.

Our debt at December 31, 2025 includes variable-rate debt instruments indexed to Term SOFR that reset periodically, as well as fixed-rate debt instruments.

However, as of March 31, 2026, we have assessed the impact of the credit valuation adjustments and determined that it is not significant to the overall valuation of our derivatives and, as a result, that our derivative valuations in their entirety are classified in Level 2 in the fair value hierarchy.

As of March 31, 2026 and June 30, 2025, the carrying amounts of our cash and cash equivalents, accounts receivable, accounts payable, and other current liabilities approximated their estimated fair values.

As of March 31, 2026 and June 30, 2025, the carrying value of our debt, excluding debt issuance costs and debt premiums and discounts, was $ 1,604,503 and $ 1,604,513 , respectively, and the fair value was $ 1,600,495 and $ 1,582,599 , respectively.

Our debt at March 31, 2026 includes variable-rate debt instruments indexed to Term SOFR that reset periodically, as well as fixed-rate debt instruments.

The estimated fair value of our debt was determined using available market information based on recent trades or activity of debt instruments with substantially similar risks, terms and maturities, which fall within Level 2 under the fair value hierarchy.

6 unchanged sentences

Additionally, any ineffectiveness associated with an effective and designated hedge is recognized within accumulated other comprehensive loss.

The change in the fair value of derivatives not designated as hedges is recognized directly in earnings as a component of other income, net.

The change in the fair value of derivatives not designated as hedges is recognized directly in earnings as a component of other income (expense), net.

Hedges of Interest Rate Risk

5 unchanged sentences

Amounts reported in accumulated other comprehensive loss related to interest rate swap contracts will be reclassified to interest expense, net as interest payments are accrued or made on our variable-rate debt.

As of December 31, 2025, we estimate that $ 3,393 of income will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending December 31, 2026.

As of December 31, 2025, we had six effective outstanding interest rate swap contracts that were indexed to Term or Daily SOFR.

As of March 31, 2026, we estimate that $ 4,773 of income will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending March 31, 2027.

As of March 31, 2026, we had six effective outstanding interest rate swap contracts that were indexed to Term or Daily SOFR.

Our interest rate swap contracts have varying start and maturity dates through April 2028.

1 unchanged sentence

Notional Amounts

Contracts accruing interest as of December 31, 2025 (1)

Contracts accruing interest as of March 31, 2026 (1)

Contracts with a future start date 180,000

1 unchanged sentence

________________________

(1) Based on contracts outstanding as of December 31, 2025, the notional value of our contracted interest rate swaps accruing interest will fluctuate between $ 250,000 and $ 380,000 through April 2028 based on layered start dates and maturities.

(1) Based on contracts outstanding as of March 31, 2026, the notional value of our contracted interest rate swaps accruing interest will fluctuate between $ 250,000 and $ 380,000 through April 2028 based on layered start dates and maturities.

Hedges of Currency Risk

Cross-Currency Swap Contracts

We execute cross-currency swap contracts designated as net investment hedges.

Cross-currency swap contracts designated as net investment hedges are executed to mitigate our currency exposure of net investments in subsidiaries that have reporting currencies other than the U.S.

Cross-currency swaps involve an initial receipt of the notional amount in the hedged currency in exchange for our reporting currency based on a contracted exchange rate.

1 unchanged sentence

At maturity, the final exchange involves the receipt of our reporting currency in exchange for the notional amount in the hedged currency.

Cross-currency swap contracts designated as net investment hedges are executed to mitigate our currency exposure of net investments in subsidiaries that have reporting currencies other than the U.S.

As of December 31, 2025, we had one outstanding cross-currency swap contract designated as a net investment hedge with a total notional amount of $ 254,547 , maturing during September 2028.

As of March 31, 2026, we had one outstanding cross-currency swap contract designated as a net investment hedge with a total notional amount of $ 254,547 , maturing during September 2028.

We entered into the cross-currency swap contract to hedge the risk of changes in the U.S.

5 unchanged sentences

dollar equivalent value of a portion of our net investment in consolidated subsidiaries that have the Euro as their functional currency.

As of December 31, 2025, we had one currency forward contract designated as a net investment hedge with a notional amount of $ 30,319 , maturing during December 2027.

As of March 31, 2026, we had one currency forward contract designated as a net investment hedge with a notional amount of $ 30,319 , maturing during December 2027.

The impact of net investment hedges is recognized in accumulated other comprehensive loss as a component of translation adjustments, net of hedges, and would only be reclassified to earnings if the hedged subsidiaries were no longer consolidated entities.

We have elected to not apply hedge accounting for all other currency forward and option contracts.

During the three and six months ended December 31, 2025 and 2024, we experienced volatility within other income, net, in our consolidated statements of operations from unrealized gains and losses on the mark-to-market of outstanding currency forward and option contracts.

During the three and nine months ended March 31, 2026 and 2025, we experienced volatility within other income (expense), net, in our consolidated statements of operations from unrealized gains and losses on the mark-to-market of outstanding currency forward and option contracts.

We expect this volatility to continue in future periods for contracts for which we do not apply hedge accounting.

5 unchanged sentences

For certain other currencies with a smaller net impact, we hedge nearly all of our forecasted net exposures for the upcoming six months, with a declining hedge percentage out to fifteen months.

As of December 31, 2025, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were primarily used to hedge fluctuations in the U.S.

dollar value of forecasted transactions or balances denominated in the Australian Dollar, Canadian Dollar, Czech Koruna, Danish Krone, Euro, GBP, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, Philippine Peso, Swiss Franc and Swedish Krona:

As of March 31, 2026, we had the following outstanding currency derivative contracts that were not designated for hedge accounting and were primarily used to hedge fluctuations in the U.S.

dollar value of forecasted transactions or balances denominated in the Australian Dollar, Czech Koruna, Danish Krone, Euro, GBP, Indian Rupee, Mexican Peso, New Zealand Dollar, Norwegian Krone, Philippine Peso, Swiss Franc and Swedish Krona:

Notional Amount Effective Date Maturity Date Number of Instruments Index

$ 821,230 March 2024 through December 2025 Various dates through December 2027 619 Various

$ 874,121 June 2024 through March 2026 Various dates through June 2028 643 Various

Financial Instrument Presentation

The table below presents the fair value of our derivative financial instruments as well as their classification on the balance sheet as of December 31, 2025 and June 30, 2025.

The table below presents the fair value of our derivative financial instruments as well as their classification on the balance sheet as of March 31, 2026 and June 30, 2025.

Our derivative asset and liability balances fluctuate with interest rate and currency exchange rate volatility.

December 31, 2025

March 31, 2026

Asset Derivatives Liability Derivatives

9 unchanged sentences

Currency forward contracts Other current assets / other assets $ 5,196 $ ( 1,336 ) $ 3,860 Other current liabilities / other liabilities $ ( 15,172 ) $ 6,581 $ ( 8,591 )

Currency option contracts Other current assets / other assets — — — Other current liabilities / other liabilities ( 4,814 ) — ( 4,814 )

Currency option contracts Other current assets / other assets — — — Other current liabilities ( 3,088 ) 295 ( 2,793 )

Total derivatives not designated as hedging instruments $ 5,196 $ ( 1,336 ) $ 3,860 $ ( 18,260 ) $ 6,876 $ ( 11,384 )

13 unchanged sentences

Total derivatives not designated as hedging instruments $ 1,238 $ ( 47 ) $ 1,191 $ ( 40,742 ) $ 2,560 $ ( 38,182 )

The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive loss, net of tax, for the three and six months ended December 31, 2025 and 2024:

Three Months Ended December 31, Six Months Ended December 31,

The following table presents the effect of our derivative financial instruments designated as hedging instruments and their classification within comprehensive income (loss), net of tax, for the three and nine months ended March 31, 2026 and 2025:

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

4 unchanged sentences

Intercompany loan

— 2,744 — 615

Currency forward contracts 828 — 1,184 —

Total $ 11,562 $ ( 1,202 ) $ 14,471 $ ( 1,773 )

The following table presents reclassifications out of accumulated other comprehensive loss for the three and six months ended December 31, 2025 and 2024:

The following table presents reclassifications out of accumulated other comprehensive loss for the three and nine months ended March 31, 2026 and 2025:

Amount of Net (Gain) Loss Reclassified from Accumulated Other Comprehensive Loss into Income Affected line item in the

Statement of Operations

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

4 unchanged sentences

Total $ ( 685 ) $ ( 3,233 ) $ ( 2,023 ) $ ( 2,664 )

The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the three and six months ended December 31, 2025 and 2024 for derivative instruments for which we did not elect hedge accounting:

The following table presents the adjustment to fair value recorded within the consolidated statements of operations for the three and nine months ended March 31, 2026 and 2025 for derivative instruments for which we did not elect hedge accounting:

Amount of Gain (Loss) Recognized in Net Income Affected line item in the

Statement of Operations

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

Currency contracts $ 1,428 $ 33,632 $ 4,879 $ 13,063 Other income, net

Currency contracts $ 13,973 $ ( 14,640 ) $ 18,852 $ ( 1,577 ) Other income (expense), net

Total $ 13,973 $ ( 14,640 ) $ 18,852 $ ( 1,577 )

Accumulated Other Comprehensive Loss

The following table presents a roll forward of amounts recognized in accumulated other comprehensive loss by component, net of tax of $ 666 , for the six months ended December 31, 2025 :

The following table presents a roll forward of amounts recognized in accumulated other comprehensive loss by component, net of tax of $ 477 , for the nine months ended March 31, 2026 :

Gains (losses) on cash flow

2 unchanged sentences

$ 3,269 $ ( 1,165 ) $ ( 40,073 ) $ ( 37,969 )

Other comprehensive loss before reclassifications 1,145 — 1,423 2,568

Amounts reclassified from accumulated other comprehensive loss to net income

Other comprehensive income before reclassifications

3,439 — 6,270 9,709

Net current period other comprehensive loss ( 193 ) — 1,423 1,230

Balance as of December 31, 2025

Amounts reclassified from accumulated other comprehensive income to net income

( 2,023 ) — — ( 2,023 )

Net current period other comprehensive income

1,416 — 6,270 7,686

(1) Gains on cash flow hedges include our interest rate swap contracts designated in cash flow hedging relationships.

(2) As of December 31, 2025 and June 30, 2025, the translation adjustment is inclusive of both the realized and unrealized effects of our net investment hedges.

Losses on currency forward and cross-currency swap contracts designated as net investment hedges, net of tax, of $ 7,642 and $ 9,406 have been included in accumulated other comprehensive loss as of December 31, 2025 and June 30, 2025, respectively.

Intercompany loan hedge gains, net of tax, which is associated with a previously settled loan of $ 42,159 have been included in accumulated other comprehensive loss for both periods presented.

The carrying amount of goodwill by reportable segment as of December 31, 2025 and June 30, 2025 was as follows:

Vista PrintBrothers The Print Group All Other Businesses Total

Balance as of March 31, 2026

$ 4,685 $ ( 1,165 ) $ ( 33,803 ) $ ( 30,283 )

________________________

(1) Gains (losses) on cash flow hedges include our interest rate swap contracts designated in cash flow hedging relationships.

(2) As of March 31, 2026 and June 30, 2025, the translation adjustment is inclusive of both the realized and unrealized effects of our net investment hedges.

Gains (losses) on currency forward and cross-currency swap contracts designated as net investment hedges, net of tax, of $ 1,625 and $( 9,406 ) have been included in accumulated other comprehensive loss as of March 31, 2026 and June 30, 2025, respectively.

Intercompany loan hedge gains, net of tax, which are associated with a previously settled loan of $ 42,159 have been included in accumulated other comprehensive loss for both periods presented.

The carrying amount of goodwill by reportable segment as of March 31, 2026 and June 30, 2025 was as follows:

VistaPrint PrintBrothers The Print Group All Other Businesses Total

Balance as of June 30, 2025

2 unchanged sentences

Adjustments — ( 671 ) — — ( 671 )

— ( 671 ) — — ( 671 )

Effect of currency translation adjustments (2) ( 907 ) ( 3,636 ) ( 3,742 ) — ( 8,285 )

540 322 270 — 1,132

Balance as of December 31, 2025

Balance as of March 31, 2026

$ 303,899 $ 161,202 $ 157,907 $ 194,921 $ 817,929

________________________

(1) In the second quarter of fiscal year 2026, we acquired 100% of the outstanding equity of an immaterial business that is included in our PrintBrothers reportable segment in exchange for $ 10,401 of cash consideration, net of cash acquired, which resulted in the recognition of goodwill of $ 38 .

(1) In the second quarter of fiscal year 2026, we completed a tuck-in acquisition that was not material of a business that is included in our PrintBrothers reportable segment in exchange for $ 10,401 of cash consideration, net of cash acquired, which resulted in the recognition of goodwill of $ 729 .

The purchase price allocation and pro forma results were not material and therefore not presented herein.

(2) In the second quarter of fiscal year 2026, we adjusted the goodwill value of an immaterial business that is included in our PrintBrothers reportable segment, which resulted in the reduction of goodwill of $ 671 .

(2) Related to goodwill held by subsidiaries whose functional currency is not the U.S.

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Accrued expenses included the following:

December 31, 2025 June 30, 2025

March 31, 2026 June 30, 2025

Compensation costs $ 85,862 $ 87,781

Income and indirect taxes 67,859 63,667

77,810 63,667

Advertising costs 28,560 25,428

42,869 25,428

Third-party manufacturing and digital content costs 20,839 20,018

23,881 20,018

Shipping costs 9,713 12,796

16,849 12,796

Variable compensation incentives 8,623 12,416

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Total accrued expenses $ 302,649 $ 304,085

____________________

(1) The increase in income and indirect taxes, advertising costs, third party manufacturing and digital content costs, and shipping costs is due to increased sales volumes during our holiday peak season in the second quarter of our fiscal year.

Other current liabilities included the following:

December 31, 2025 June 30, 2025

March 31, 2026 June 30, 2025

Short-term derivative liabilities $ 13,408 $ 20,969

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Other liabilities included the following:

December 31, 2025 June 30, 2025

March 31, 2026 June 30, 2025

Long-term derivative liabilities $ 28,133 $ 52,089

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Total other liabilities $ 93,460 $ 107,246

December 31, 2025 June 30, 2025

March 31, 2026 June 30, 2025

7.375% Senior Notes due 2032 $ 525,000 $ 525,000

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_____________________

(1) The increase in other debt is primarily related to debt acquired as part of an acquisition that was completed during the second quarter of fiscal year 2026 within our PrintBrothers reportable segment.

(2) Balances as of December 31, 2025 and June 30, 2025 are inclusive of short-term debt issuance costs, debt premiums and discounts of $ 4,895 for both periods presented.

(1) The increase in other debt is primarily related to debt acquired as part of a tuck-in acquisition completed during the second quarter of fiscal year 2026 within our PrintBrothers reportable segment.

(2) Balances as of March 31, 2026 and June 30, 2025 are inclusive of short-term debt issuance costs, debt premiums and discounts of $ 4,892 and $ 4,895 , respectively.

Our various debt arrangements described below contain customary representations, warranties, and events of default.

As of December 31, 2025, we were in compliance with all covenants in those debt contracts, including our amended and restated senior secured credit agreement dated as of May 17, 2021 (as further amended from time to time, the "Restated Credit Agreement") and the indenture governing our 7.375% senior unsecured notes due September 15, 2032 ("2032 Notes").

As of March 31, 2026, we were in compliance with all covenants in those debt contracts, including our amended and restated senior secured credit agreement dated as of May 17, 2021 (as further amended from time to time, the "Restated Credit Agreement") and the indenture governing our 7.375% senior unsecured notes due September 15, 2032 ("2032 Notes").

Senior Secured Credit Facility

On December 16, 2024, we entered into a Restated Credit Agreement which consists of the following as of December 31, 2025:

We entered into a Restated Credit Agreement which consists of the following as of March 31, 2026:

• a $ 1,064,711 USD Tranche that bears interest at Term SOFR (with a Term SOFR rate floor of 0.50 %) plus 2.50%, which amortizes over the loan period, with a final maturity date of May 17, 2028, and

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In addition, if any loans made under the Revolving Credit Facility are outstanding on the last day of any fiscal quarter, then we are subject to a financial maintenance covenant that the First Lien Leverage Ratio calculated as of the last day of such quarter does not exceed 3.25 to 1.00 .

As of December 31, 2025, the weighted-average interest rate on outstanding borrowings under the Restated Credit Agreement was 5.90 %, inclusive of interest rate swap rates.

As of March 31, 2026, the weighted-average interest rate on outstanding borrowings under the Restated Credit Agreement was 5.88 %, inclusive of interest rate swap rates.

We are also required to pay a commitment fee for our Revolving Credit Facility on unused balances of 0.30 % to 0.45 % depending on our First Lien Leverage Ratio.

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We can redeem some or all of the 2032 Notes at the redemption prices specified in the indenture that governs the 2032 Notes, plus accrued and unpaid interest to, but not including, the redemption date.

As of December 31, 2025, we have not redeemed any of the 2032 Notes.

As of March 31, 2026, we have not redeemed any of the 2032 Notes.

Other debt primarily consists of term loans acquired through acquisitions or used to fund certain capital investments.

As of December 31, 2025 and June 30, 2025, we had $ 15,494 and $ 6,695 , respectively, outstanding for those obligations that are payable through September 2037.

Our income tax expense was $ 13,337 and $ 31,175 for the three and six months ended December 31, 2025, respectively, as compared to $ 21,151 and $ 30,146 for the three and six months ended December 31, 2024, respectively.

Income tax expense for the three months ended December 31, 2025 decreased versus the prior comparative period primarily due to decreased income before income taxes.

In addition, we recorded a tax benefit of $ 3,126 during the three months ended December 31, 2025 for the release of a valuation allowance in Australia.

Income tax expense for the six months ended December 31, 2025 was in line with the prior comparative period.

As of March 31, 2026 and June 30, 2025, we had $ 14,792 and $ 6,695 , respectively, outstanding for those obligations that are payable through September 2037.

Our income tax expense was $ 11,709 and $ 42,884 for the three and nine months ended March 31, 2026, respectively, as compared to $ 12,144 and $ 42,290 for the three and nine months ended March 31, 2025, respectively.

For the three and nine months ended March 31, 2026, income tax expense was in line with the prior comparative periods.

O ur effective tax rate continues to be negatively impacted by losses in certain jurisdictions where we are unable to recognize a tax benefit in the current period.

These losses with no tax benefit were excluded in calculating income tax expense for the three and six months ended December 31, 2025 and 2024, in accordance with GAAP.

These losses with no tax benefit were excluded in calculating income tax expense for all periods presented, in accordance with GAAP.

We continuously analyze our valuation allowance positions and the weight of objective and verifiable evidence of actual results against the more subjective evidence of anticipated future income.

As of December 31, 2025, we had unrecognized tax benefits of $ 12,672 , including accrued interest and penalties of $ 20 .

As of March 31, 2026, we had unrecognized tax benefits of $ 14,086 , including accrued interest and penalties of $ 55 .

We recognize interest and, if applicable, penalties related to unrecognized tax benefits in the provision for income taxes.

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The years 2014 through 2025 remain open for examination by the U.S.

Internal Revenue Service and the years 2015 through 2025 remain open for examination in the various states and non-U.S.

Internal Revenue Service and the years 2015 through 2025 remain open for examination in various states and non-U.S.

tax jurisdictions in which we file tax returns.

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Noncontrolling Interests

Redeemable Noncontrolling Interests

For some of our subsidiaries, we own a controlling equity stake, and a third party or key members of the business management team own a minority portion of the equity.

These noncontrolling interests span multiple businesses and reportable segments.

The balance sheet and operating activity of these entities are included in our consolidated financial statements and we adjust the net income in our consolidated statement of operations to exclude the noncontrolling interests' proportionate share of results.

We present the proportionate share of equity attributable to the redeemable noncontrolling interests as temporary equity within our consolidated balance sheet and the proportionate share of noncontrolling interests not subject to a redemption provision that is outside of our control as equity.

We recognize redeemable noncontrolling interests at fair value on the sale or acquisition date and adjust to the redemption value on a periodic basis with the offset to retained earnings in the consolidated balance sheet.

If the formulaic redemption value exceeds the fair value of the noncontrolling interest, then the accretion to redemption value is offset to the net (income) loss attributable to noncontrolling interest in our consolidated statement of operations.

Redeemable Noncontrolling Interests

During the three months ended March 31, 2026, we completed the sale of an 8.75% aggregate equity interest in each of the businesses within our PrintBrothers reportable segment to certain members of the management team in exchange for cash proceeds of € 21,000 ($ 24,814 based on the exchange rate in effect on the date we received the proceeds).The management team member minority interest holders are subject to a 10-year

lock-up period and noncompete restrictions and hold the right, starting in 2036, to sell their interests to us at a price that considers specified market inputs.

We recognized the redeemable noncontrolling interest at the estimated fair value of € 53,000 ($ 61,498 based on the exchange rate in effect on the date we completed the sale).

We concluded that the arrangement includes elements that are recognized in accordance with ASC 718, Stock Compensation, since the counterparties to the agreement are current members of the respective management teams.

Consequently, we recognized an asset of $ 36,684 for the difference between the estimated fair value of the redeemable noncontrolling interest and the cash consideration received.

This asset will be recognized as share-based compensation expense over the noncompete period, which extends two years beyond the lock-up period, or over a 12 year period.

As of March 31, 2026, $ 2,656 of this asset is recognized within prepaid expenses and other current assets, and $ 31,652 is recognized within other assets in our consolidated balance sheets.

During the three months ended March 31, 2026, the estimated redemption value of these redeemable noncontrolling interests was below the carrying value and therefore no adjustments were recognized.

The following table presents the reconciliation of changes in our noncontrolling interests:

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Balance as of June 30, 2025 $ 19,057 $ 987

Proceeds from sale of noncontrolling interests

Fair value adjustment from sale of noncontrolling interests

Accretion to redemption value recognized in retained earnings

Net loss attributable to noncontrolling interests ( 684 ) ( 287 )

Purchase of noncontrolling interest (1) ( 11,909 ) —

Foreign currency translation 385 1

Balance as of December 31, 2025

Adjustment to purchase price recognized in additional paid in capital

Purchase of noncontrolling interests (1)

( 11,909 ) ( 1,792 )

Net income (loss) attributable to noncontrolling interests 120 ( 287 )

Foreign currency translation 1,391 8

Balance as of March 31, 2026

_________________

(1) In the second quarter of fiscal year 2026, the minority equity interest holders for one of our smaller businesses within the PrintBrothers reportable segment exercised their put option, which resulted in our purchase of the remaining noncontrolling interests for $ 11,909 .

In the third quarter of fiscal year 2026, we purchased the remaining noncontrolling interests in another of our smaller businesses within the PrintBrothers reportable segment for $ 1,792 .

Segment Information

Our operating segments are based upon the manner in which our operations are managed and the availability of separate financial information reported internally to the Chief Executive Officer, who is our Chief Operating Decision Maker (“CODM”), for purposes of making decisions about how to allocate resources and assess performance.

As of December 31, 2025, we have numerous operating segments under our management reporting structure which are reported in the following five reportable segments:

• Vista - Consists of the operations of our VistaPrint branded websites in North America, Western Europe, Australia, New Zealand, India, and Singapore.

This business also includes our 99designs by Vista business, which provides graphic design services, VistaCreate for do-it-yourself (DIY) design, our Vista x Wix partnership for small business websites, and our Vista Corporate Solutions business, which serves medium-sized businesses and large corporations.

As of March 31, 2026, we have numerous operating segments under our management reporting structure which are reported in the following five reportable segments:

• VistaPrint - Consists of the operations of our VistaPrint branded websites in North America, Western Europe, Australia, New Zealand, India, and Singapore.

This business also includes our 99designs by Vista business, which provides graphic design services, VistaCreate for do-it-yourself (DIY) design, our Vista x Wix partnership for small business websites, and our VistaPrint Corporate Solutions business, which serves medium-sized businesses and large corporations.

• PrintBrothers - Includes the results of druck.at, Printdeal, and WIRmachenDRUCK, a group of Upload & Print businesses that serve graphic professionals throughout Europe, primarily in Austria, Belgium, Germany, the Netherlands, and Switzerland.

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We made this change to simplify the inputs required for our businesses to transact with each other, and also to set the right incentives to drive increased use of our internal production capabilities.

recast our historical segment results for all periods presented to ensure comparability with the updated methodology.

We have recast our historical segment results for all periods presented to ensure comparability with the updated methodology.

These changes in methodology have no impact on our consolidated financial results.

During the first quarter of fiscal year 2026, we updated our internal organizational structure which included the transfer of two teams from our Vista reportable segment into our central functions.

During the first quarter of fiscal year 2026, we updated our internal organizational structure which included the transfer of two teams from our VistaPrint reportable segment into our central functions.

The change is intended to drive efficiencies through those functions.

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The following tables set forth revenue by reportable segment, as well as disaggregation of revenue by major geographic region and reportable segment.

Three Months Ended December 31, Six Months Ended December 31,

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 (1) 2026 2025 (1)

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(2) Refer to the "Revenue by Geographic Region" tables below for detail of the inter-segment revenue within each respective segment.

Three Months Ended December 31, 2025

Vista PrintBrothers The Print Group National Pen All Other Total

Three Months Ended March 31, 2026

VistaPrint PrintBrothers The Print Group National Pen All Other Total

Revenue by Geographic Region:

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Total external revenue $ 458,159 $ 200,076 $ 93,007 $ 87,139 $ 47,828 $ 886,209

Six Months Ended December 31, 2025

Vista PrintBrothers The Print Group National Pen All Other Total

Nine Months Ended March 31, 2026

VistaPrint PrintBrothers The Print Group National Pen All Other Total

Revenue by Geographic Region:

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Total external revenue $ 1,441,988 $ 597,449 $ 280,334 $ 317,865 $ 154,052 $ 2,791,688

Three Months Ended December 31, 2024

Vista PrintBrothers The Print Group National Pen All Other Total

Three Months Ended March 31, 2025

VistaPrint PrintBrothers The Print Group National Pen All Other Total

Revenue by Geographic Region:

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Total external revenue $ 429,989 $ 155,015 $ 82,623 $ 80,428 $ 41,413 $ 789,468

Six Months Ended December 31, 2024

Vista PrintBrothers The Print Group National Pen All Other Total

Nine Months Ended March 31, 2025

VistaPrint PrintBrothers The Print Group National Pen All Other Total

Revenue by Geographic Region:

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Refer to the discussion above for further details.

The following tables include segment revenue and significant segment expenses by reportable segment, as well as our reported measure of segment profit or loss, EBITDA, by reportable segment for the three and six months ended December 31, 2025 and 2024.

Total segment EBITDA shown in the tables below is prior to inter-segment eliminations.

Refer to the subsequent table for a reconciliation of total segment EBITDA to income from operations and income (loss) before income taxes.

Three Months Ended December 31, 2025

Vista PrintBrothers The Print Group National Pen All Other

Three Months Ended March 31, 2026

VistaPrint PrintBrothers The Print Group National Pen All Other

Total segment revenue

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Segment EBITDA (4) $ 88,875 $ 22,113 $ 20,052 $ 6,730 $ 5,345

Six Months Ended December 31, 2025

Vista PrintBrothers The Print Group National Pen All Other

Nine Months Ended March 31, 2026

VistaPrint PrintBrothers The Print Group National Pen All Other

Total segment revenue

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Segment EBITDA (4) $ 285,821 $ 76,133 $ 61,864 $ 29,907 $ 18,917

Three Months Ended December 31, 2024

Vista PrintBrothers The Print Group National Pen All Other

Three Months Ended March 31, 2025

VistaPrint PrintBrothers The Print Group National Pen All Other

Total segment revenue (1) $ 430,726 $ 155,989 $ 89,698 $ 88,396 $ 51,247

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Segment EBITDA (4) $ 83,183 $ 17,770 $ 15,513 $ 3,934 $ 5,297

Six Months Ended December 31, 2024

Vista PrintBrothers The Print Group National Pen All Other

Nine Months Ended March 31, 2025

VistaPrint PrintBrothers The Print Group National Pen All Other

Total segment revenue (1) $ 1,358,044 $ 490,929 $ 272,862 $ 313,481 $ 168,920

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__________________

(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions and the transfer of two functions between our Vista reportable segment and central and corporate costs.

(1) The prior-period segment results have been adjusted to ensure comparability with the updated methodology used for inter-segment transactions and the transfer of two functions between our VistaPrint reportable segment and central and corporate costs.

Refer to the discussion above for further details.

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(3) Other segment items primarily are items excluded from our definition of segment EBITDA, which includes expense recognized for contingent earn-out related charges including the changes in fair value of contingent consideration and compensation expense related to cash-based earn-out mechanisms dependent upon continued employment, share-based compensation related to investment consideration, certain impairment expense, and restructuring charges.

(4) Total segment EBITDA was $ 188,443 and $ 329,527 for the three and six months ended December 31, 2025, respectively, as compared to $ 166,626 and $ 288,314 for the three and six months ended December 31, 2024, respectively.

(4) Total segment EBITDA was $ 143,115 and $ 472,642 for the three and nine months ended March 31, 2026, respectively, as compared to $ 125,697 and $ 414,011 for the three and nine months ended March 31, 2025, respectively.

In addition to the adjustments described above as part of other segment items, total segment EBITDA excludes the impact of central and corporate costs which is not considered a reportable segment, as well as the elimination of inter-segment transactions which are included in the reconciliation to income before income taxes as outlined below.

The following table includes segment EBITDA by reportable segment, total income from operations and total income before income taxes:

Three Months Ended December 31, Six Months Ended December 31,

The following table includes total segment EBITDA, total income from operations and total income before income taxes:

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 (1) 2026 2025 (1)

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Total income from operations 49,169 40,541 186,236 160,829

Other income, net 1,728 31,678 5,181 20,186

Other income (expense), net 2,580 ( 9,441 ) 7,761 10,745

Interest expense, net ( 25,397 ) ( 26,995 ) ( 80,460 ) ( 87,575 )

Loss on early extinguishment of debt

— ( 696 ) — ( 517 )

Gain (loss) on early extinguishment of debt — 19 — ( 498 )

Income before income taxes $ 26,352 $ 4,124 $ 113,537 $ 83,501

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Refer to the discussion above regarding our updated methodology for inter-segment transactions for additional details.

(3) Depreciation and amortization includes costs within our central and corporate costs of $ 5,658 and $ 11,443 for the three and six months ended December 31, 2025, respectively, as compared to $ 5,912 and $ 11,832 for the three and six months ended December 31, 2024, respectively.

Three Months Ended December 31, Six Months Ended December 31,

(3) Depreciation and amortization includes costs within our central and corporate costs of $ 5,616 and $ 17,059 for the three and nine months ended March 31, 2026, respectively, as compared to $ 5,537 and $ 17,369 for the three and nine months ended March 31, 2025, respectively.

The following table includes purchases of property, plant, and equipment by reportable segment:

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

Purchases of property, plant and equipment:

Vista $ 12,959 $ 9,768 $ 23,575 $ 17,294

VistaPrint (1) $ 18,712 $ 11,595 $ 42,287 $ 28,889

PrintBrothers 1,262 4,416 2,870 7,523

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_____________________

(1) The increase is related to investments in new manufacturing capabilities to support our North American market.

Three Months Ended December 31, Six Months Ended December 31,

(1) During the three months ended March 31, 2026, we reclassified capital expenditures from our central and corporate costs to our VistaPrint reportable segment for investments made during the first half of the current fiscal year in new manufacturing capabilities in our North American market.

The impact was not material to prior periods presented.

The following table includes capitalization of software and website development costs by reportable segment:

Three Months Ended March 31, Nine Months Ended March 31,

2026 2025 2026 2025

Capitalization of software and website development costs:

Vista $ 6,036 $ 6,544 $ 12,599 $ 12,601

VistaPrint $ 6,919 $ 6,838 $ 19,518 $ 19,439

PrintBrothers 775 852 2,953 2,445

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The following table sets forth long-lived assets by geographic area:

December 31, 2025 June 30, 2025

March 31, 2026 June 30, 2025

Long-lived assets (1):

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___________________

(1) Excludes goodwill of $ 826,655 and $ 826,156 , intangible assets, net of $ 54,783 and $ 58,348 , and deferred tax assets of $ 56,944 and $ 61,086 as of December 31, 2025 and June 30, 2025, respectively.

(1) Excludes goodwill of $ 817,929 and $ 826,156 , intangible assets, net of $ 51,617 and $ 58,348 , and deferred tax assets of $ 55,465 and $ 61,086 as of March 31, 2026 and June 30, 2025, respectively.

(2) The increase is related to investments in new manufacturing capabilities to support our North American market.

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All unpaid obligations to our supply chain finance provider are included in accounts payable in the consolidated balance sheets, and payments we make under the program are reflected as a reduction to net cash provided by operating activities in the consolidated statements of cash flows.

The outstanding obligations with our supply chain finance provider that are included in accounts payable in our consolidated balance sheets as of December 31, 2025 and June 30, 2025 were $ 63,771 and $ 64,854 , respectively.

The outstanding obligations with our supply chain finance provider that are included in accounts payable in our consolidated balance sheets as of March 31, 2026 and June 30, 2025 were $ 67,005 and $ 64,854 , respectively.

Purchase Obligations

At December 31, 2025, we had unrecorded commitments under contract of $ 368,708 , including third-party cloud services of $ 227,057 ;

At March 31, 2026, we had unrecorded commitments under contract of $ 350,952 , including third-party cloud services of $ 225,930 ;

inventory, third-party fulfillment and digital service purchase commitments of $ 68,961 ;

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insurance costs of $ 5,451 ;

production-related temporary labor of $ 5,885 ;

professional and consulting fees of $ 4,500 ;

production and computer equipment purchases of $ 4,853 ;

production-related temporary labor of $ 3,268 ;

advertising of $ 2,924 ;

production and computer equipment purchases of $ 2,538 ;

and other unrecorded purchase commitments of $ 2,091 .

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Although we cannot predict with certainty the results of litigation and claims to which we may be subject from time to time, we do not expect the resolution of any of our current matters to have a material adverse impact on our consolidated results of operations, cash flows or financial position.

For all legal matters, at each reporting period, we evaluate whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under the provisions of the

authoritative guidance that addresses accounting for contingencies.

For all legal matters, at each reporting period, we evaluate whether or not a potential loss amount or a potential range of loss is probable and reasonably estimable under the provisions of the authoritative guidance that addresses accounting for contingencies.

We expense the costs relating to our legal proceedings as those costs are incurred.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements