For Alloy, what is the expected revenue to be recognized in 2026?

Based on the 2025 Franchise Disclosure Document, Alloy's Item 23 contains information on revenues and related contract balances. Specifically, the document states that revenues expected to be recognized over the remaining term of the associated franchise agreements are disclosed as of December 31, 2024.

However, the excerpt does not provide the specific revenue amount expected to be recognized in 2026. The FDD only mentions that revenue recognition is tied to the term of the franchise agreements.

For a prospective franchisee, it would be prudent to ask Alloy for a detailed breakdown of expected revenue recognition for future years, including 2026. Understanding the timing and amount of revenue to be recognized is crucial for financial planning and assessing the potential profitability of an Alloy franchise.