UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____ TO _____ Commission File Number 0-27512 CSG SYSTEMS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 47-0783182 (State or ...

Earnings Performance - CSG Systems reported quarterly earnings of $1.53 per share, exceeding the Zacks Consensus Estimate of $1.33 per share, but down from $1.65 per share a year ago [1] - The earnings surprise for the quarter was +15.04%, following a previous quarter surprise of +18.02% [2] Revenue Performance - The company posted revenues of $294.92 million for the quarter, which was 1.24% below the Zacks Consensus Estimate, compared to $290.59 million in the same quarter last year [3] - CSG Systems has surpassed consensus revenue estimates three times in the last four quarters [3] Stock Performance and Outlook - CSG Systems shares have increased approximately 3.9% since the beginning of the year, outperforming the S&P 500's gain of 1.1% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][5] Earnings Estimates and Industry Outlook - The current consensus EPS estimate for the upcoming quarter is $1.19 on revenues of $276.12 million, and for the current fiscal year, it is $5.19 on revenues of $1.15 billion [8] - The Computer - Services industry is currently ranked in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [9]

PRESS RELEASE CSG SYSTEMS INTERNATIONAL REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS DENVER--(February 4, 2026) — CSG® (NASDAQ: CSGS) today reported results for the quarter and year ended December 31, 2025. Financial Results: Fourth quarter 2025 financial results: Full year 2025 financial results: Shareholder Returns: • Total revenue was $323.1 million. • GAAP operating income was $29.1 million, or an operating margin of 9.0%, and non-GAAP operating income was $65.8 million, or a non-GAAP adjusted oper ...

Core Viewpoint - CSG Systems International has announced a 6% increase in its quarterly cash dividend, marking the 13th consecutive year of increased dividend payouts [1] Company Announcement - The new quarterly dividend payment amount is set at $0.34 per share of common stock, to be paid on April 1, 2026, to shareholders of record as of March 18, 2026 [1] Company Overview - CSG empowers companies to enhance customer experiences and streamline billing and payment solutions, helping businesses of all sizes to generate revenue and make a positive impact [1] - The company offers SaaS solutions that enable leaders to take control of their future with guidance from committed professionals [1] Industry Context - CSG has been recognized in multiple categories by leading analyst firms for its capabilities in quote-to-cash, monetization, and digital partner management, which are critical for communication service providers under pressure to simplify operations and monetize new services [1]

Summary of Coeptis Therapeutics Holdings Incorporated Annual and Special Meeting Company Overview - **Company Name**: Coeptis Therapeutics Holdings Incorporated - **Meeting Date**: January 30, 2026 - **Format**: Virtual meeting Key Points Discussed Meeting Structure - The meeting was called to order at 10:00 A.M. ET, with a quorum present [1] - The business portion was conducted first, followed by a Q&A session [3] Proposals Voted On 1. **Merger Proposal**: Approval of the issuance of terms of the merger with Z Squared Inc. as per the Agreement and Plan of Merger dated April 25, 2020 [5] 2. **Name Change Proposal**: Amending the certificate of incorporation to change the company's legal name from Coeptis Therapeutics Holdings, Inc. to Z Squared Inc. [6] 3. **Incentive Compensation Plan**: Approval of the company's 2025 incentive compensation plan [7] 4. **Board of Directors Proposal**: Election of directors effective until the next annual meeting [8] 5. **Option Exchange Proposal**: Approval of a one-time option event to reset the exercise price of outstanding underwater options [9] 6. **Ratification of Accounting Firm**: Ratification of the appointment of an independent registered public accounting firm [10] 7. **Executive Compensation Advisory Vote**: Non-binding advisory proposal on the compensation of named executive officers [10] 8. **Adjournment Proposal**: Proposal to adjourn the meeting if necessary [11] Voting Process - Polls were opened for stockholders to vote on the proposals, with instructions provided for submitting votes [2][4] Conclusion of Meeting - The meeting concluded with a note that all proposals were preliminarily approved, and the adjournment proposal was deemed unnecessary [11][12] Additional Important Information - The final results of the meeting will be reported in a current report on Form 8-K within four business days [12] - The meeting emphasized the importance of stockholder participation and thanked attendees for their contributions [11]

Core Insights - CSG has received multi-category recognition from leading analyst firms for its telecom portfolio, emphasizing its role as a partner for communication service providers (CSPs) to simplify complexity and monetize new services [1] Group 1: Recognition and Awards - CSG's Quote & Order platform is recognized for its leadership in catalog-driven capabilities that streamline complex sales processes, earning accolades in the 2025 SPARK Matrix and being named a Challenger in the 2026 Gartner Magic Quadrant for Configure, Price & Quote Application Suites [1] - CSG Ascendon has been acknowledged as a Major Player in the 2025 IDC MarketScape for its support of next-generation subscription and digital experience models, highlighting its capabilities in real-time intent prediction and personalized engagement [1] - CSG's digital partner management solutions have been recognized as a High-Flyer in the Kaleido Intelligence Roaming Vendor Hub, showcasing its effectiveness in optimizing inter-operator economics and monetizing roaming in a multi-network environment [1] Group 2: Financial Performance - For the third quarter of 2025, CSG reported total revenue of $303.6 million, with a GAAP operating income of $30.5 million, reflecting an operating margin of 10.0% [2] - Non-GAAP operating income for the same period was $54.5 million, resulting in a non-GAAP adjusted operating margin of 19.5% [2] - GAAP earnings per diluted share (EPS) stood at $0.73, while non-GAAP EPS was reported at $1.31 [2] Group 3: Strategic Positioning - CSG is positioned as a go-to partner for CSPs aiming to modernize their core operations with AI-powered platforms tailored for telecom complexities [1] - The company emphasizes the importance of connecting CPQ, monetization, digital wholesale, and customer experience on a unified foundation to drive business transformation for its customers [1]

Core Insights - Amdocs and CSG Systems are both active in the telecom software market but are following distinct strategies as evidenced by their recent earnings reports [1] Company Performance - Amdocs and CSG Systems have demonstrated contrasting financial results, indicating different operational approaches and market strategies [1]

Core Viewpoint - The proposed sale of CSG Systems International, Inc. to NEC Corporation is under investigation to assess whether the offered price of $80.70 per share adequately reflects the company's value [1]. Group 1 - CSG Systems International, Inc. shareholders are set to receive $80.70 in cash for each share they own as part of the proposed transaction [1]. - The law firm Kahn Swick & Foti, LLC is investigating the adequacy of the sale price and the process leading to this valuation [1]. - The investigation aims to determine if the proposed consideration undervalues CSG Systems International, Inc. [1].

Revenue Performance - As of September 30, 2025, the total revenue was $303.6 million, a 2.5% increase from $295.1 million in the same quarter of 2024[20] - Revenue from SaaS and related solutions for the quarter ended September 30, 2025, was $275.0 million, up from $263.7 million in Q3 2024, representing a growth of 4.9%[20] - Revenue for the quarter ended September 30, 2025, was $303.615 million, a 2.5% increase from $295.143 million in the same quarter of 2024[39] - The Americas accounted for 85% of total revenue in Q3 2025, down from 88% in Q3 2024[20] - The Broadband/Cable/Satellite vertical contributed 51% of total revenue in Q3 2025, consistent with the same period in 2024[22] Financial Position - Cash and cash equivalents as of September 30, 2025, included $15.2 million held in institutional money market funds[30] - The company had $1.8 million in restricted cash as of September 30, 2025, compared to $1.7 million at the end of 2024[25] - The carrying value of the 2023 Convertible Notes was $425.0 million, with a fair value of $472.6 million as of September 30, 2025[31] - Long-term debt as of September 30, 2025, was $538.606 million, slightly up from $530.997 million at the end of 2024[43] - The company has a $600 million revolving loan facility under the 2025 Credit Agreement, with $125 million drawn as of September 30, 2025[43] - As of September 30, 2025, cash and cash equivalents were $158.4 million, down from $161.8 million as of December 31, 2024[177] Expenses and Profitability - Total cost of revenue for the quarter was $155.717 million, up from $147.843 million year-over-year, resulting in a gross profit of $147.898 million[39] - Research and development expenses for the quarter were $39.631 million, a decrease of 2.1% compared to $40.498 million in the prior year[39] - Segment net income for the quarter was $20.483 million, compared to $19.088 million in the same quarter of 2024, reflecting a 7.3% increase[39] - Total amortization expense for other intangible assets for the nine months ended September 30, 2025, was $20.1 million, compared to $18.8 million in the same period of 2024[41] - The estimated total amortization expense for the fiscal year 2025 is projected to be $26.9 million[41] Acquisitions and Restructuring - The company acquired iCheckGateway.com, LLC for $17.6 million in cash on June 3, 2024, with potential future earn-out payments of up to $15.0 million tied to performance-based goals[58][59] - The company recorded restructuring and reorganization charges of $17.5 million for the nine months ended September 30, 2025, compared to $12.0 million for the same period in 2024, reflecting a significant increase in restructuring activities[62] - The company reduced its global workforce by approximately 270 employees, incurring $11.9 million in charges related to involuntary terminations as part of cost efficiency actions[64] Shareholder Returns - The company repurchased approximately 703,000 shares of common stock for $44.2 million during the nine months ended September 30, 2025, at a weighted-average price of $62.92 per share[77] - The total remaining value of shares available for repurchase under the Stock Repurchase Program was $93.7 million as of September 30, 2025[78] - The quarterly cash dividend approved in Q3 2025 was $0.32 per share, totaling $9.1 million, compared to $0.30 per share and $8.8 million in Q3 2024[80] - Total dividends declared for the nine months ended September 30, 2025, were $27.7 million, up from $26.4 million in the same period of 2024[80] Other Financial Metrics - Goodwill increased to $323.909 million as of September 30, 2025, from $316.041 million at the beginning of the year, due to foreign currency exchange rate changes[40] - Total other intangible assets amounted to $366.403 million as of September 30, 2025, with a net carrying value of $54.188 million after accumulated amortization[40] - The company has accrued $10.3 million related to future earn-out payments from the acquisition of DGIT Systems Pty Ltd, with an earn-out period extending through December 31, 2026[61] - As of September 30, 2025, the company had performance guarantees totaling $3.9 million, including $0.2 million in standby letters of credit[68] - The company had $1.8 million of restricted assets used to collateralize guarantees as of September 30, 2025[67] Strategic Developments - The One Big Beautiful Bill Act ("OBBBA") enacted on July 4, 2025, is not expected to materially affect the company's effective tax rate[32] - The company extended its agreement with Ensono, Inc. for outsourced computing services through December 31, 2032, and accelerated the mainframe hardware refresh expected to be completed in Q1 2026[66] - A merger agreement was entered into with NEC Corporation, with CSG continuing as a wholly owned subsidiary of NEC[84] - Each share of CSG common stock will be converted into $80.70 in cash upon the effective time of the merger[85] Currency Exposure - Approximately 88% of the company's revenue was generated in U.S. dollars during the nine months ended September 30, 2025[181]

Group 1: Earnings Performance - CSG Systems reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, and up from $1.06 per share a year ago [1] - The earnings surprise for the quarter was +18.02%, following a previous surprise of +11.54% when earnings were $1.16 per share against an expectation of $1.04 [2] - Over the last four quarters, CSG Systems has consistently surpassed consensus EPS estimates [2] Group 2: Revenue Performance - The company posted revenues of $279.28 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.93% and up from $272.62 million year-over-year [3] - CSG Systems has also topped consensus revenue estimates in each of the last four quarters [3] Group 3: Stock Performance and Outlook - CSG Systems shares have increased approximately 52.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.1% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [4][5] - The current consensus EPS estimate for the upcoming quarter is $1.33 on revenues of $298.61 million, and for the current fiscal year, it is $4.72 on revenues of $1.12 billion [8] Group 4: Industry Context - The Computer - Services industry, to which CSG Systems belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of CSG Systems may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [9]