We expect operating expenses to be in a range of 220 million to 230 million, down from 261 million in 2025, or a 14% reduction. The anticipated decrease is primarily due to a reduction in litigation expenses, our prior restructuring actions, which resulted in reduced employee related costs in 2025 and a continued strong focus on expense management.

Mar 5, 2026 / CFO / receipt, needs a key / Brian McGee, CFO | earnings call 2026-03-05 | transcript 43a66fd5-4ba7-4917-88fd-22371ebb7202 | chars 14349-14699 | segment 14