For The Standardx, in what unit of currency are the Consolidated Statements of Income presented?

According to The Standardx's 2025 Franchise Disclosure Document, the functional currency of consolidated entities located outside the U.S. is generally the local currency. However, the assets and liabilities of these entities are translated into U.S. dollars at period-end exchange rates. The gains and losses, net of applicable deferred income taxes, are recorded in accumulated other comprehensive income (loss) on The Standardx's consolidated balance sheets. This means that while The Standardx may have international locations operating in their local currencies, for the purposes of consolidated financial reporting, all figures are converted to and presented in U.S. dollars.

For a prospective franchisee, this is important because it provides clarity on how The Standardx manages its international financials. The conversion to U.S. dollars allows for a standardized view of the company's overall financial performance, regardless of where the revenue is generated. This is a common practice for multinational corporations to ensure consistency and comparability in their financial reporting.

Furthermore, franchisees should be aware that fluctuations in exchange rates can impact the reported financial results. While the local performance of an international location might be strong in its local currency, the translated value in U.S. dollars could be affected by currency exchange rates. This could influence the overall financial picture presented in The Standardx's consolidated statements. Franchisees should consider this when evaluating the financial health and performance of the company.