The increase in G&A expenses was primarily due to increases in travel and meals associated with business development, recruiting, and people development activities.

Apr 30, 2026 / CFO / receipt, needs a key / Rich Schlenker, CFO | earnings call 2026-04-30 | transcript bfb489d0-a93f-4372-898d-45b36242076a | chars 9080-9244 | segment 9

G&A expenses increased 17% to 6.7 million for the fourth quarter due to an increase in travel and meals associated with business development, professional development, and increased recruiting activity.

Feb 5, 2026 / CFO / receipt, needs a key / Rich Schlenker, CFO | earnings call 2026-02-05 | transcript 2834bf5e-e6c8-4625-9bde-0623390f3718 | chars 11224-11426 | segment 11

The increase was primarily due to an increase in travel and meals associated with our in-person managers meeting. We did not have a firm-wide meeting during the third quarter of 2024.

Oct 30, 2025 / CFO / receipt, needs a key / Rich Schlenker, CFO | earnings call 2025-10-30 | transcript edc94208-54c0-4ebc-a2aa-e6e36b4292e7 | chars 9051-9234 | segment 9

The decrease in G&A expenses was primarily due to a reduction of the use of outsourced personnel and a decrease in travel and meals as we postponed to 2025 our in-person managers meeting.

Feb 6, 2025 / CFO / receipt, needs a key / Rich Schlenker, CFO | earnings call 2025-02-06 | transcript 25a8a054-e277-4ff9-bd3f-46112151b173 | chars 12849-13036 | segment 13

This decrease was primarily due to decrease in travel and meals and bad debt expense.

Jul 25, 2024 / CFO / receipt, needs a key / Rich Schlenker, CFO | earnings call 2024-07-25 | transcript 92e71618-8c72-45b4-be13-b83d6975b4d3 | chars 9403-9488 | segment 9