IDEXX Laboratories (IDXX) risk factors: FY2025 10-K

Item 1A of the 10-K for the period ending 2025-12-31, filed 2026-02-20. 23 risk factor headings as filed. Read Item 1A in full · The whole 10-K · What changed since FY2024

1new since FY2024
3reworded
1removed
19unchanged

Headings mentioning a theme: Tariffs 0 · AI 1 · Cybersecurity 1 · China 0 · Interest rates 0. Compare across the S&P 500.

RISKS RELATED TO OUR BUSINESS AND INDUSTRY

10
  1. Our business lines are highly attractive and highly competitive. Our failure to successfully execute certain strategies in this competitive environment could have a material negative impact on our future growth and profitabilityreworded
  2. Our dependence on third-party suppliers could negatively affect our ability to sell certain products or deliver our cloud-based software solutions, which could negatively affect our operating results
  3. Our biologic products are complex and difficult to manufacture, which could negatively affect our ability to supply our customers
  4. Issues in our use of AI may result in reputational harm or liability and adversely affect our businessnewAI
  5. Various U.S. and foreign government regulations could limit or delay our ability to market and sell our products or otherwise negatively impact our business
  6. Our success is heavily dependent on our continued differentiated product and service innovation
  7. Increased competition from and technological advances by our competitors could negatively affect our operating results
  8. Consolidation in our customer base, including through increased corporate hospital ownership, and prevalence of buying consortiums could negatively affect our business
  9. Changes in testing patterns could negatively affect our operating results
  10. We sell many products through distributors, which presents risks that could negatively affect our operating results

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GENERAL RISKS

4
  1. We depend on the efforts of key personnel and talent to succeed and compete effectively
  2. We depend on the continuous and reliable operation and security of our information technology systems and our products and services that incorporate or rely on information technology, and any disruption or significant cybersecurity breach or other incident could adversely affect our businessCybersecurity
  3. Factors and events beyond our control could disrupt our operations, supply chain, and logistics network and adversely affect our business
  4. Since our business is global in nature, geopolitical risks and other risks associated with doing business internationally could negatively affect our business, financial condition, and operating results

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A weak worldwide economy, or actual or perceived economic weakness in any significant geography, could result in reduced demand for our products and services or increased customer credit risk

7
  1. We are subject to risks associated with public health issues, including pandemics, which could have a material adverse effect on our financial condition and results of operations
  2. Our operations and reputation may be impaired if we, our products, or our services do not comply with our global privacy policy or evolving laws, regulations, and industry standards regarding data privacy and protectionreworded
  3. Failure to meet current or evolving environmental, social, and governance regulations, standards, or expectations or to achieve our environmental, social, or governance goals could adversely affect our business, results of operations, financial condition, reputation, or stock price
  4. Climate change, or legal, regulatory or market measures to address climate change, could adversely affect our business, financial condition, and results of operation
  5. Future operating results could be negatively affected by changes in tax rates, the adoption of new tax legislation or exposure to additional tax liabilities
  6. Strengthening of the rate of exchange for the U.S. dollar has a negative effect on our business
  7. Restrictions in our debt agreements or our inability to obtain financing on favorable terms may increase our cost of borrowing and limit our activities

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RISKS RELATED TO AN INVESTMENT IN OUR SECURITIES

2
  1. Fluctuations in our quarterly or annual results may cause our stock price to decline
  2. The market price of our common stock may be volatile, and you may not be able to resell your shares at or above the price you paidreworded

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No longer in Item 1A

1

Headings in the FY2024 10-K with no match this year.

  1. Issues in the use of AI in our product offerings may result in reputational harm or liability

Headings are the lines of Item 1A set wholly in bold or italics, as the parser reads them, without the introductory paragraph that opens the section. A heading is new when no heading in the prior 10-K matches it after ignoring case and punctuation, and reworded when it shares at least 60 percent of its words with one that went away. Source: the filing on sec.gov.