CSG系统国际2025年季度报告

FORM10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period endedSeptember 30,2025OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromtoCommission File Number0-27512 CSG SYSTEMS INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) 47-0783182(I.R.S. EmployerIdentification No.) Delaware(State or other jurisdictionof incorporation or organization) 169 Inverness Dr W,Suite 300Englewood,Colorado80112(Address of principal executive offices, including zip code) (303)200-2000(Registrant’s telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant wasrequired to file such reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the ExchangeAct. Large accelerated filerNon-accelerated filerEmerging growthcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of November 4, 2025, the registrant had28,520,177sharesof common stock outstanding. CSG SYSTEMS INTERNATIONAL, INC. Part I - FINANCIAL INFORMATION Item 1.Condensed Consolidated Balance Sheets as of September 30, 2025 and December 31, 2024(Unaudited)3Condensed Consolidated Statements of Income for the Quarters and Nine Months EndedSeptember 30, 2025 and 2024 (Unaudited)4Condensed Consolidated Statements of Comprehensive Income for the Quarters and NineMonths Ended September 30, 2025 and 2024 (Unaudited)5Condensed Consolidated Statements of Stockholders’ Equity for the Quarters and NineMonths Ended September 30, 2025 and 2024 (Unaudited)6Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30,2025 and 2024 (Unaudited)8Notes to Condensed Consolidated Financial Statements (Unaudited)9Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3.Quantitative and Qualitative Disclosures About Market Risk31Item 4.Controls and Procedures32Part II - OTHER INFORMATIONItem 1.Legal Proceedings33Item1A.Risk Factors33Item 2.Unregistered Sales of Equity Securities and Use of Proceeds35Item 5.Other Information35Item 6.Exhibits35Exhibit Index36Signatures37 CSG SYSTEMS INTERNATIONAL, INC.CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED(in thousands) CSG SYSTEMS INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED(in thousands, except per share amounts) The accompanying notes are an integral part of these unaudited condensed consolidated financialstatements. CSG SYSTEMS INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OFSTOCKHOLDERS’ EQUITY - UNAUDITED(in thousands) CSG SYSTEMS INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED(in thousands) 8The accompanying notes are an integral part of these unaudited condensed consolidated financialstatements. CSG SYSTEMS INTERNATIONAL, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1. GENERAL CSG Systems International, Inc. (the "Company", "CSG", or forms of the pronoun "we") have prepared theaccompanying unaudited condensed consolidated financial statements as of September 30, 2025 andDecember 31, 2024, and for the quarters and nine months ended September 30, 2025 and 2024, inaccordance with accounting principles generally accepted in the United States of America (“U.S.”)(“GAAP”) for interim financial information, and pursuant to the instructions to Form 10-Q and the rules andregulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all ofthe information and footnotes required by GAAP for complete financial statements. In the opinion of ourmanagement, all adjustments (consisting only of normal recurring adjustments) considered necessary for afair presentation of our financial