IAC Inc 2025年度报告

FORM 10-K ANNUAL REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the Fiscal Year Ended December 31, 2025 Or TRANSITION REPORT PURSUANT TO SECTION13 OR15(d) OF THE SECURITIES EXCHANGE ACT OF1934For the transition period from__________to__________ IAC Inc. (Exact name of registrant as specified in its charter) 84-3727412 Delaware (State or other jurisdictionof incorporation or organization) (I.R.S. Employer Identification No.) 555 West 18thStreet, New York, New York 10011(Address of registrant's principal executive offices)(212)314-7300(Registrant's telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☒No☐ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12months (or for such shorter period that the Registrant was required to file such reports) and (2)has been subject to such filing requirements for the past90days.Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of theExchange Act. Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐Emerging growth company Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C 7262(b)) by the registered public accounting firm that prepared or issues its audit report☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☒ Common Stock ClassB Common Stock Total The aggregate market value of the voting common stock held by non-affiliates of the registrant as of June 30, 2025 was $2,712,201,206. For the purpose of theforegoing calculation only, all directors and executive officers of the registrant are assumed to be affiliates of the registrant. Documents Incorporated By Reference: Portions of the registrant's proxy statement for its 2026 Annual Meeting of Stockholders are incorporated by reference into PartIII herein.1 PART I Item1.BusinessItem1A.Risk FactorsItem1B.Unresolved Staff CommentsItem1C.CybersecurityItem2.PropertiesItem3.Legal ProceedingsItem4.Mine Safety Disclosures PART IIItem5.Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecuritiesItem6.ReservedItem7.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem7A.Quantitative and Qualitative Disclosures About Market RiskItem8.Financial Statements and Supplementary DataNote 1—OrganizationNote 2—Summary of Significant Accounting PoliciesNote 3—Financial Instruments and Fair Value MeasurementsNote 4—Goodwill and Intangible AssetsNote 5—LeasesNote 6—Long-Term DebtNote 7—Shareholders' EquityNote 8—Accumulated Other Comprehensive LossNote 9—Segment InformationNote 10—Stock-Based CompensationNote 11—Pension and Post-Retirement Benefit PlansNote 12—Income TaxesNote 13—(Loss) Earnings Per ShareNote 14—Financial Statement DetailsNote 15—ContingenciesNote 16—Related Party TransactionsNote 17—Discontinued OperationsItem9.Changes in and Disagreements with Accountants on Accounting and Financial DisclosureItem9A.Controls and ProceduresItem9B.Other InformationItem 9C.Disclosure Regarding Foreign Jurisdictions that Prevent InspectionsPART IIIItem10.Directors, Executive Officers and Corporate GovernanceItem11.Executive CompensationItem12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder MattersItem13.Certain Relationships and Related Transactions, and Director IndependenceItem14.Principal Accountant Fees and ServicesPART IVItem15.Exhibits and Financial Statement SchedulesItem 16.Form 10-K Summary PART I OVERVIEW Who We Are IAC today is comprised of category leading businesses, including People Inc. and Care.com, among others, and holds strategicequity positions in MGM Resorts International and Turo Inc. As used herein, “IAC,” the “Company,”