Starz Entertainment STRZ
Starz Entertainment reports $34.8M net loss
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0000929351-26-000054
- Revenue: $322.4M for Q3 2026
- Net loss: $34.8M for Q3 2026
- Diluted EPS: -$2.02 for Q3 2026
- Cash and equivalents: $86.8M as of Sep 30, 2026
Written from the 10-Q on EDGAR. Check the filing before you rely on it.
What changed
12 changes since the June 2026 10-Q
Compared with the 10-Q 0001628280-26-054565, filed Aug 7, 2026.
EPS up 82% from Jun 30
−$2.02, was −$11.27.
From the filings
Before
−$11.27Now
−$2.02Net income up 82% from Jun 30
−$34.8M, was −$189M.
From the filings
Before
−$189MNow
−$34.8MCash up 46% from Jun 30
$86.8M, was $59.6M.
From the filings
Before
$59.6MNow
$86.8MRevenue up 4.7% from Jun 30
$322M, was $308M.
From the filings
Before
$308MNow
$322MThree Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025
Adds "September"; drops "During the".
From the filings
Before
During the three months ended June 30, 2026 and the three months ended June 30, 2025, the following original series premiered on STARZ:Now
Three Months Ended September 30, 2026 Compared to Three Months Ended September 30, 2025During the three months ended September 30, 2026, the Company recorded a reduction to the contract…
New paragraph in MD&A.
From the filings
Now
During the three months ended September 30, 2026, the Company recorded a reduction to the contract termination liability as a result of changes in estimated termination fees based on updated assumptions, including the expected theatrical box office performance of certain underlying films. The resulting reduction in the estimated liability was recorded within Restructuring and other costs during the period.Content recoveries during the three months ended September 30, 2026 primarily relate to revisions of…
New paragraph in MD&A.
From the filings
Now
Content recoveries during the three months ended September 30, 2026 primarily relate to revisions of estimated license fees for certain programming agreements. As a result of updated assumptions and estimated contractual costs, the Company reduced previously recorded programming liabilities and recognized a recovery during the period.(5) Share-based compensation for the three months ended September 30, 2026 includes the acceleration of…
New paragraph in MD&A.
From the filings
Now
(5) Share-based compensation for the three months ended September 30, 2026 includes the acceleration of vesting for certain equity awards. For the three months ended September 30, 2025, share-based compensation includes a modification of equity awards in connection with the separation from Lionsgate. In June 2025, the compensation committee of the Company approved a cash settlement in lieu of share issuance for the restricted share units that vested in July and August 2025.Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025
Adds "Nine"; drops "During the three".
From the filings
Before
During the three months ended June 30, 2026 and the three months ended June 30, 2025, the following original series premiered on STARZ:Now
Nine Months Ended September 30, 2026 Compared to Nine Months Ended September 30, 2025(5) Share-based compensation for the nine months ended September 30, 2026 includes the acceleration of…
New paragraph in MD&A.
From the filings
Now
(5) Share-based compensation for the nine months ended September 30, 2026 includes the acceleration of vesting for certain equity awards. For the nine months ended September 30, 2025, share-based compensation includes a modification of equity awards in connection with the separation from Lionsgate. In June 2025, the compensation committee of the Company approved a cash settlement in lieu of share issuance for the restricted share units that vested in July and August 2025.Debt borrowings, net of debt issuance and redemption costs $ 232.3 $ 491.3 $ (259.0)
New paragraph in MD&A.
From the filings
Now
Debt borrowings, net of debt issuance and redemption costs $ 232.3 $ 491.3 $ (259.0)Cash flows provided by financing activities for the nine months ended September 30, 2026 includes $58.9…
New paragraph in MD&A.
From the filings
Now
Cash flows provided by financing activities for the nine months ended September 30, 2026 includes $58.9 million of net borrowings of debt, primarily reflecting the $67.0 million drawn under the incremental Term Loan A facility entered into in August 2026, partially offset by principal repayments and debt issuance costs. Financing activities also included $52.1 million of net repayments of programming-related obligations.
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Cover page 2 changes
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For the quarterly period ended June September 30, 2026
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As of July 15, October 28, 2026, 17,124,171 17,258,567 of the registrant s common shares were outstanding.
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Other information 1 change
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All amounts are expressed in U.S. dollars unless otherwise indicated.
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Financial statements 356 changes
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Cash and cash equivalents $ 59.6 86.8 $ 35.7
Accounts receivable, net, including other receivables of $ 17.5 8.3 million and $ 9.9 million as of June September 30, 2026 and December 31, 2025, respectively.
Prepaid expenses and other 10.6 11.4 12.1
Total current assets 150.6 164.1 132.2
Programming content, net 866.0 836.5 993.8
1 unchanged paragraph
Accounts payable 60.8 60.0
Deferred revenue 53.4 52.8
Other liabilities 170.0 72.7
Intangible assets, net 566.1 504.4 690.9
Other assets 41.3 41.6 47.2
Total assets $ 1,671.8 1,594.4 $ 1,913.2
Current portion of debt $ 15.0 20.2 $ 7.5
Accounts payable 68.0 60.0
Programming related payables 212.9 149.3 255.2
Other accrued liabilities 120.9 133.0 49.1
Programming related obligations 110.8 40.6 87.7
Deferred revenue 59.1 52.8
Total current liabilities 596.0 492.9 539.4
Programming related obligations 6.8 38.0 41.4
Other liabilities 134.9 72.7
Deferred tax liabilities 3.0 2.2 7.9
Total liabilities 1,375.9 1,325.5 1,267.2
1 unchanged paragraph
Accumulated deficit ( 462.8 ) ( 108.5 )
Common shares, no par value, unlimited authorized, 16.8 17.2 million and 16.7 million shares issued and outstanding as of June September 30, 2026 and December 31, 2025, respectively.
Accumulated other comprehensive income 21.4 22.9 19.4
Accumulated deficit ( 497.6 ) ( 108.5 )
Total equity 295.9 268.9 646.0
Total liabilities and equity $ 1,671.8 1,594.4 $ 1,913.2
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Three Months Ended Six Nine Months Ended
September 30, September 30,
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OTT revenue $ 221.3 $ 221.1 $ 432.4 $ 446.6
Linear and other revenue 86.6 98.6 182.4 203.7
Total revenue 307.9 319.7 614.8 650.3
Programming amortization 114.1 162.5 252.4 280.9
Other operating 40.5 36.5 74.8 75.2
Advertising and marketing 70.3 63.4 120.7 122.3
General and administrative 40.0 29.1 69.1 54.5
Depreciation and amortization 67.3 48.7 135.8 96.8
Restructuring and other 151.2 6.4 290.3 189.8
Total expenses 483.4 346.6 943.1 819.5
Operating loss ( 175.5 ) ( 26.9 ) ( 328.3 ) ( 169.2 )
Interest expense ( 13.6 ) ( 13.2 ) ( 27.5 ) ( 24.1 )
Interest and other income 0.5 0.9 1.7
Other expense ( 2.0 ) ( 2.5 ) ( 3.8 ) ( 4.3 )
OTT revenue $ 226.6 $ 222.8 $ 659.0 $ 669.4
Linear and other revenue 95.8 98.1 278.2 301.8
Total revenue 322.4 320.9 937.2 971.2
Programming amortization 141.5 156.8 393.9 437.7
Other operating 37.5 38.8 112.3 114.0
Advertising and marketing 74.2 78.4 194.9 200.7
General and administrative 31.3 28.8 100.4 83.3
Depreciation and amortization 67.4 47.9 203.2 144.7
Restructuring and other ( 8.3 ) 5.0 282.0 194.8
Total expenses 343.6 355.7 1,286.7 1,175.2
Operating loss ( 21.2 ) ( 34.8 ) ( 349.5 ) ( 204.0 )
Interest expense ( 14.0 ) ( 15.8 ) ( 41.5 ) ( 39.9 )
Interest and other income 0.1 0.2 1.0 1.9
Other expense ( 1.4 ) ( 1.8 ) ( 5.2 ) ( 6.1 )
1 unchanged paragraph
Loss from continuing operations ( 190.6 ) ( 42.6 ) ( 358.7 ) ( 196.6 )
Income tax benefit 1.2 0.1 4.4 0.1
Net loss from continuing operations ( 189.4 ) ( 42.5 ) ( 354.3 ) ( 196.5 )
Loss from continuing operations ( 36.5 ) ( 52.2 ) ( 395.2 ) ( 248.8 )
Income tax benefit (expense) 1.7 ( 0.4 ) 6.1 ( 0.3 )
Net loss from continuing operations ( 34.8 ) ( 52.6 ) ( 389.1 ) ( 249.1 )
1 unchanged paragraph
Net loss $ ( 189.4 ) $ ( 42.5 ) $ ( 354.3 ) $ ( 195.5 )
Net loss $ ( 34.8 ) $ ( 52.6 ) $ ( 389.1 ) $ ( 248.1 )
1 unchanged paragraph
Basic and diluted net loss per common share - continuing operations $ ( 11.27 ) $ ( 2.54 ) $ ( 21.12 ) $ ( 11.75 )
Basic and diluted net income per common share - discontinued operations 0.06
Basic and diluted net loss per common share $ ( 11.27 2.02 ) $ ( 2.54 3.15 ) $ ( 21.12 22.98 ) $ ( 11.69 14.84 )
1 unchanged paragraph
Basic 16.8 16.7 16.8 16.7
Diluted 16.8 16.7 16.8 16.7
Basic 17.2 16.7 16.9 16.7
Diluted 17.2 16.7 16.9 16.7
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Three Months Ended Six Nine Months Ended
September 30, September 30,
1 unchanged paragraph
Net loss from continuing operations $ ( 189.4 ) $ ( 42.5 ) $ ( 354.3 ) $ ( 196.5 )
Net loss from continuing operations $ ( 34.8 ) $ ( 52.6 ) $ ( 389.1 ) $ ( 249.1 )
Net unrealized gain on cash flow hedges, net of tax 0.9 2.0 1.5 3.5
Comprehensive loss from continuing operations, net of tax ( 188.5 33.3 ) ( 42.5 52.6 ) ( 352.3 385.6 ) ( 196.5 249.1 )
1 unchanged paragraph
Comprehensive loss $ ( 188.5 ) $ ( 42.5 ) $ ( 352.3 ) $ ( 195.5 )
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and 276 more changes in the filing
MD&A 324 changes
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In April 2026, Starz entered into an agreement to terminate certain live-action films under a post pay-one output licensing agreement. As a result, Starz recognized programming contract termination fees, which were recorded within Restructuring and other costs during the three and six months ended June 30, 2026.
During the three and six nine months ended June September 30, 2026, Starz undertook continued actions initiated in 2025 to rationalize its content portfolio as part of its ongoing efforts to right-size its content cost structure in response to the evolving macroeconomic and industry environment, including continued declines in traditional linear services and operating as a standalone company following the Separation. These actions included evaluating programming on the Starz Platform, cancelling terminating certain previously ordered programming, and removing and abandoning content determined to have limited strategic value.
5 unchanged paragraphs
The preparation of financial statements in conformity with U.S. GAAP 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 revenue and expenses during the reporting period. The most significant estimates made by management in the preparation of the accompanying financial statements relate to the intangible asset associated with the customer relationships with U.S. MVPDs ("Starz Traditional Affiliates"), which is amortized in the proportion that current period revenue bears to management s estimate of future revenue over the remaining estimated useful life of the asset; estimates of future viewership used for the amortization of programming content; the estimated contract termination liability associated with the termination of certain live-action films under a post-pay-one output licensing arrangement, including assumptions regarding expected theatrical box office performance, timing of payments and discount rates; income taxes including the assessment of valuation allowances for deferred tax assets; and impairment assessments for licensed program rights and intangible assets. Actual results could differ from such estimates.
Following the Separation, Starz manages and reports its operating results through one reportable segment, Starz Networks, which includes our consolidated operations. During the six nine months ended June September 30, 2026, 2025, International included our operations in India and Southeast Asia. Effective April 1, 2025, we transferred our operations in India and Southeast Asia to New Lionsgate. Given that Starz and New Lionsgate were under common control at the time of the transfer, no gain or loss was recorded related to the transfer.
15 unchanged paragraphs
STARZ ENTERTAINMENT CORP.
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Three Months Ended June September 30, 2026 Compared to Three Months Ended June September 30, 2025
1 unchanged paragraph
The following table sets forth our consolidated results of operations for the three months ended June September 30, 2026 and June September 30, 2025.
June September 30, Increase (Decrease)
2 unchanged paragraphs
OTT revenue $ 221.3 $ 221.1 $ 0.2 0.1 %
Linear and other revenue 86.6 98.6 (12.0) (12.2) %
Total revenue 307.9 319.7 (11.8) (3.7) %
Programming amortization 114.1 162.5 (48.4) (29.8) %
Other operating 40.5 36.5 4.0 11.0 %
Advertising and marketing 70.3 63.4 6.9 10.9 %
General and administrative 40.0 29.1 10.9 37.5 %
Depreciation and amortization 67.3 48.7 18.6 38.2 %
Restructuring and other 151.2 6.4 144.8 2,262.5 %
Total expenses 483.4 346.6 136.8 39.5 %
Operating loss (175.5) (26.9) (148.6) 552.4 %
Interest expense (13.6) (13.2) (0.4) 3.0 %
Other expense (2.0) (2.5) 0.5 (20.0) %
Loss on extinguishment of debt nm
Loss from continuing operations (190.6) (42.6) (148.0) 347.4 %
Income tax benefit 1.2 0.1 1.1 nm
Net loss $ (189.4) $ (42.5) $ (146.9) 345.6 %
Revenue. Consolidated revenue decreased $11.8 million. The decrease primarily reflects declines in revenue of $13.2 million resulting from the continued decline in traditional linear households, partially offset by an increase in distribution and other revenue of $1.1 million related to the recognition of revenue resulting from the change in our Canadian operations to a content licensing relationship. OTT revenue increased $3.4 million for the three months ended June 30, 2026 compared to the three months ended June 30, 2025, but was partially offset by a decrease of $3.3 million resulting from the change in our Canadian operations to a content licensing relationship.
OTT revenue $ 226.6 $ 222.8 $ 3.8 1.7 %
Linear and other revenue 95.8 98.1 (2.3) (2.3) %
Total revenue 322.4 320.9 1.5 0.5 %
Programming amortization 141.5 156.8 (15.3) (9.8) %
Other operating 37.5 38.8 (1.3) (3.4) %
Advertising and marketing 74.2 78.4 (4.2) (5.4) %
General and administrative 31.3 28.8 2.5 8.7 %
Depreciation and amortization 67.4 47.9 19.5 40.7 %
Restructuring and other (8.3) 5.0 (13.3) (266.0) %
Total expenses 343.6 355.7 (12.1) (3.4) %
Operating loss (21.2) (34.8) 13.6 (39.1) %
Interest expense (14.0) (15.8) 1.8 (11.4) %
Interest and other income 0.5 0.5 0.1 0.2 (0.1) nm
Other expense (1.4) (1.8) 0.4 (22.2) %
Loss from continuing operations (36.5) (52.2) 15.7 (30.1) %
Income tax benefit (expense) 1.7 (0.4) 2.1 nm
Net loss $ (34.8) $ (52.6) $ 17.8 (33.8) %
Revenue. Consolidated revenue increased $1.5 million for the three months ended September 30, 2026 compared to the three months ended September 30, 2025. The increase was primarily driven by higher OTT revenue resulting from subscription price increases and higher distribution and other revenue related to international ancillary market sales of Fightland Season 1 and the transition of our Canadian operations to a content licensing relationship. These increases were partially offset by lower linear revenue resulting from the continued decline in traditional linear households.
During the three months ended June September 30, 2026 and the three months ended June September 30, 2025, the following original series premiered on STARZ:
Three Months Ended June September 30, 2026 Three Months Ended June September 30, 2025
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Amadeus Season 1 May 8, 2026 Black Mafia Family Season 4 June 6, 2025
Power Book III: Kanan Season 5 June 12, 2026
The Listeners Season 1 June 12, 2026
Fightland Season 1 July 31, 2026 Blood of My Blood Season 1 August 8, 2025
Blood of My Blood Season 2 September 25, 2026 Couple Next Door Season 2 September 19, 2025
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Three Months Ended June September 30,
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Starz Networks $ 114.1 37.1 % $ 162.5 50.8 % $ (48.4) (29.8) %
Starz Networks $ 141.5 43.9 % $ 156.8 48.9 % $ (15.3) (9.8) %
During the three months ended June September 30, 2026 as compared to the three months ended June September 30, 2025, programming amortization expense decreased primarily due to fewer premiers premieres of output titles due to as a result of the termination of certain live-action films under a post pay-one post-pay-one output licensing agreement entered into in April 2026. and The timing decrease was partially offset by higher development expenses and increased distribution amortization related to international ancillary market sales of lower cost original series airing on the Starz Platform. Fightland Season 1 .
1 unchanged paragraph
Other Operating Expenses. Other operating expenses and share-based compensation expense were as follows for the three months ended June September 30, 2026 and June September 30, 2025:
Three Months Ended June September 30,
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Starz Networks $ 37.1 12.0 % $ 35.6 11.1 % $ 1.5 4.2 %
Share-based compensation expense 3.4 nm 0.9 nm 2.5 nm
Starz Networks $ 36.2 11.2 % $ 38.1 11.9 % $ (1.9) (5.0) %
Share-based compensation expense 1.3 0.4 % 0.7 0.2 % 0.6 85.7 %
Starz Networks other operating expenses increased $4.0 decreased $1.3 million during the three months ended June September 30, 2026 primarily due to increases a reduction in operating employee related legal expenses. The increase in share-based compensation expense was driven by a higher STRZ share price during the quarter, which increased the value of certain equity awards and the related compensation expense recognized.
1 unchanged paragraph
Advertising and Marketing Expenses. Advertising and marketing expenses were as follows for the three months ended June September 30, 2026 and June September 30, 2025:
Three Months Ended June September 30,
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Starz Networks $ 70.3 22.8 % $ 63.4 19.8 % $ 6.9 10.9 %
Starz Networks $ 74.2 23.0 % $ 78.4 24.4 % $ (4.2) (5.4) %
Advertising and marketing expenses increased decreased during the three months ended June September 30, 2026 as compared to the three months ended June September 30, 2025, primarily due to higher overall lower direct-to-consumer marketing spend, partially offset by an increase in media spend related to the timing of originals premieres.
General and Administrative Expenses. General and administrative expenses and share-based compensation expense were as follows for the three months ended June September 30, 2026 and June September 30, 2025:
Three Months Ended June September 30,
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Starz Networks $ 26.5 8.6 % $ 24.8 7.8 % $ 1.7 6.9 %
Share-based compensation expense 13.5 n/a 4.3 n/a 9.2 214.0 %
Starz Networks $ 26.3 8.2 % $ 25.8 8.0 % $ 0.5 1.9 %
Share-based compensation expense 5.0 1.6 % 3.0 0.9 % 2.0 66.7 %
During the three months ended June September 30, 2026, Starz Networks' general and administrative expenses increased $1.7 $2.5 million as compared to the three months ended June September 30, 2025, primarily due to an increase in employee related costs, partially offset by a decrease in professional services. The increase in share-based compensation expense, was driven by a higher STRZ share price during the quarter compared to the prior year quarter, which increased the value of certain equity awards and the related compensation expense recognized.
3 unchanged paragraphs
Operating expense $ 3.4 $ 0.9
General and administrative 13.5 4.3
Depreciation and Amortization Expense. Depreciation and amortization of $67.3 million for the three months ended June 30, 2026 increased $18.6 million from $48.7 million during the three months ended June 30, 2025, due primarily to our Starz Traditional Affiliate customer relationship finite-lived intangible asset, which is amortized based on estimated total revenue expected to be generated from the underlying affiliation agreements over its remaining useful life. During the three months ended March 31, 2026, the Company reduced the life of the Starz Traditional Affiliate customer relationship finite-lived intangible asset from 14 years to 12 years, based on the continued decline in linear revenue resulting in higher amortization expense during the three months ended June 30, 2026.
Operating expense $ 1.3 $ 0.7
General and administrative 5.0 3.0
Restructuring and other 0.1 2.2 0.8 0.2
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and 244 more changes in the filing
Market risk 16 changes
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Market risks relating to our operations result primarily from changes in interest rates and, to a lesser extent, changes in foreign currency exchange rates. Our exposure to interest rate risk results primarily from the financial variable-rate borrowings under our debt instruments that arise from transactions entered into during the normal course of business. arrangements, while our exposure to foreign currency exchange rate risk is related relates to transactions denominated in currencies other than the U.S. Dollar. As part of our overall risk management program, we evaluate and manage our exposure to changes in interest rates and foreign currency exchange risks rates on an ongoing basis Hedges and may utilize derivative financial instruments may be used in the future to manage our interest rate exposure. We only enter into financial derivative contracts to hedge a specific financial risk. identified risks.
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Currency Rate Risk. The Company entered into forward foreign exchange contracts in June 2025 to hedge our foreign currency exposures on future programming production costs denominated in British Pounds. These contracts are entered into with a major financial institution as the counterparty. Refer to Note 12, Derivative Instruments and Hedging Activities , for further details.
Currency Rate Risk. The Company is exposed to foreign currency exchange rate fluctuations related to certain programming, production and operating costs denominated in foreign currencies. However, the Company does not believe that foreign currency exchange rate fluctuations represent a material market risk as of September 30, 2026.
Our variable interest rate programming notes incur SOFR-based interest at a weighted average rate of approximately 8.1%, and the production loans incur SOFR-based interest of 6.0%. 6.3%.
At June September 30, 2026, our Term Loan A had an outstanding carrying value of $294.9 $357.0 million, with a fair value of $300.0 $362.4 million, and our 5.5% Senior Notes had an outstanding carrying value of $320.2 $320.7 million, with a fair value of $294.2 $277.1 million.
The following table presents information about our financial instruments that are sensitive to changes in interest rates. The table also presents the cash flows of the principal amounts of the financial instruments, and related weighted-average interest rates by expected maturity or required principal payment dates and the fair value of the instrument as of June September 30, 2026:
1 unchanged paragraph
2026 2027 2028 2029 Thereafter Total June September 30, 2026
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Term Loan A $ 7.5 $ 18.0 $ 274.5 $ $ $ 300.0 $ 300.0
Programming notes $ 62.1 $ $ $ $ $ 62.1 $ 62.1
Average Interest Rate 8.1 %
Production Loans $ $ 48.7 $ 6.8 $ $ $ 55.5 $ 55.5
Term Loan A $ 4.6 $ 22.0 $ 335.8 $ $ $ 362.4 $ 362.4
Average Interest Rate 6.6 6.8 %
Production Loans $ $ 40.6 $ 38.0 $ $ $ 78.6 $ 78.6
Average Interest Rate 6.0 6.3 %
5.5% Senior Notes $ $ $ $ 325.1 $ $ 325.1 $ 294.2 277.1
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Controls and procedures 2 changes
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As of June September 30, 2026 , the end of the period covered by this report, the Company s management had carried out an evaluation under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer of the effectiveness of our disclosure controls and procedures, as defined in Exchange Act Rules 13a-15(e). Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that such controls and procedures were effective as of June September 30, 2026 .
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There have been no changes in our internal control over financial reporting that occurred during the three months ended June September 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
Unregistered sales of stock 1 change
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No common shares were purchased by us during the three months ended June September 30, 2026.
Exhibits 14 changes
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10.2x 10.2* Executive Employment Agreement between Jim Kapenstein and Starz Entertainment Corp., dated as of May 26, 2026.
10-Q 10.2 August 7, 2026
10.3x 10.3* Sign On Bonus Agreement between Jim Kapenstein and Starz Entertainment Corp., dated as of May 26, 2026.
10-Q 10.3 August 7, 2026
10.4 Amendment No. 1 and Incremental Amendment, dated as of August 12, 2026, among Starz Entertainment Corp., as parent, Starz Capital Holdings LLC, as borrower, the guarantors party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and each lender party thereto.
8-K 10.1 August 17, 2026
10.5* Executive Employment Agreement between Al ison Hoffman and Starz Entertainment Corp., dated as of S eptember 15 , 2026.
8-K 10.1 September 15, 2026
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104x The cover page from the Company s Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (formatted as Inline XBRL and contained in Exhibit 101).
* Management contract or compensatory plan or arrangement.
101x The following financial statements from the Company's Quarterly Report on Form 10-Q for the quarter ended June September 30, 2026, formatted in Inline XBRL: (i) Condensed Consolidated Balance Sheets (ii) Condensed Consolidated Statements of Operations, (iii) Condensed Consolidated Statements of Comprehensive Loss, (iv) Condensed Consolidated Statements of Equity (Deficit), (v) Condensed Consolidated Statements of Cash Flows and (vi) Notes to Condensed Consolidated Financial Statements, tagged as blocks of text and including detailed tags
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104x The cover page from the Company s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 (formatted as Inline XBRL and contained in Exhibit 101).
* Management contract or compensatory plan or arrangement.
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Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on August 7, October 29, 2026.
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Unchanged: Financial Statements (Unaudited), Forward-looking statements, Legal proceedings, Risk factors, Defaults on senior securities, Mine safety disclosures
Compared by code from the two filings' text and XBRL. Not advice.
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