Washington, D.C. 20549 FORM10-Q (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (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 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T during the preceding 12months (or such shorter period that theregistrant 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, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Non-accelerated filer☒ Large accelerated filer☐ Smaller reporting company☐Emerging growth company☐ 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 Section13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct).Yes☐No☒ The registrant had 31,185,561 shares of Class A common stock and 32,009,185 shares of Class B common stockoutstanding as of August 12, 2026. Yesway,Inc. Index 2PartI FINANCIAL INFORMATIONItem1.Financial Statements (Unaudited)Yesway,Inc.Condensed ConsolidatedBalance Sheets as of June 30, 2026, and December31, 2025(Unaudited)7Condensed Consolidated Statements of Income for the three and sixmonths ended June 30,2026, and June 30, 2025, (Unaudited)9Condensed ConsolidatedStatements of Changes in Redeemable Senior PreferredMembership Interests and Stockholders’/Members’ Equity (Unaudited)11Condensed ConsolidatedStatements of Cash Flows for the six months ended June 30,2026, and June 30, 2025, (Unaudited)12Notesto Condensed Consolidated Financial Statements (Unaudited)14Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations42Item3.Quantitative and Qualitative Disclosures about Market Risk53Item4.Controls and Procedures54PartII OTHER INFORMATIONItem1.Legal Proceedings54Item1.A.Risk Factors55Item2.Unregistered Sales and Equity Securities and Use of Proceeds55Item 3Defaults Upon Senior Securities55Item 4Mine Safety Disclosures55Item5.Other Information55Item6.Exhibits55SIGNATURE57 CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Some information in this Quarterly Report on Form 10-Q (this "Quarterly Report") contains forward-looking statements that involve substantial risks and uncertainties. We intend such forward-lookingstatements to be covered by the safe harbor provisions for forward-looking statements contained in Section27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the SecuritiesExchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements ofhistorical facts contained in this Quarterly Report may be forward-looking statements. Forward-lookingstatements contained in this Quarterly Report include, but are not limited to, statements regarding ourfuture results of operations and financial position, industry trends, business strategy and plans, andobjectives of management for future operations, including, among others, expected growth, future capitalexpenditures, and debt service obligations. In some cases, you can identify forward-looking statements byterms, such as “may,” “will,” “would,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,”“targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or thenegative of these terms or other similar expressions. The forward-looking statements in this Quarterly Report are only predictions. We have based theseforward-looking statements largely on our current expectations and projections about future events andfinancial trends that we believe may affect our business, financial condition, and results of operations.Forward-looking statements involve known and unknown risks, uncertainties, and other important factorsthat may cause our actual results, performance, or achievements to be materially different from any futureresults, performance, or achievements expressed or implied by the forward-looking statements, including,but not limited to, the following: ●changes in the global prices and availability of oil and petroleum products and general economicconditions that are out of our control, including interest rates;●our ability to successfully implement our rapid growth strategy;●our ability to main