Trimble (TRMB) risk factors: FY2025 10-K

1. We operate globally and are subject to significant risks in many jurisdictions, including risks related to adverse economic, political, regulatory, and other global and regional conditions

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1. If we are unable to effectively integrate, streamline, and manage our diverse and complex businesses and operations, our ability to generate growth and revenue from new or existing customers may be adversely affected
2. Changes in our software and subscription businesses may adversely affect our revenue
3. We have identified material weaknesses in our internal control over financial reporting, and if our remediation of such material weaknesses is not effective, it could impact our ability to produce timely and accurate financial statements or comply with applicable laws and regulations.
4. We may not be able to continue to enter into or maintain important alliances and distribution relationships
5. Investing in and integrating new acquisitions or divesting businesses could be costly, place a significant strain on our management systems and resources, or fail to deliver expected outcomes
6. We have non-controlling stakes and ongoing commercial relationships with businesses that we have divested, including a joint venture (JV) with AGCO, which are subject to various risks, including the failure to realize intended benefits, unanticipated challenges, and other uncertaintiesnew
7. We face substantial competition in our markets, which could decrease our revenue and growth rates
8. If we are unable to attract and retain qualified personnel, our business could be harmed

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1. Our products are highly technical and may contain undetected errors, product defects, or security vulnerabilities
2. Our internal and customer-facing systems, and systems of third parties we rely upon, may be subject to cybersecurity breaches, disruptions, or delaysCybersecurity
3. We are dependent on new products and services, and if we are unable to successfully introduce them into the market or to effectively compete with new, disruptive product alternatives, our customer base may decline or fail to grow as anticipated
4. Our use of artificial intelligence, or AI, and generative AI tools presents risks and challenges that could adversely affect our business and require that we incur substantial costsAI
5. Some of our products rely on third-party technologies including open-source software, which could result in product incompatibilities or harm availability of our products and services
6. We are dependent on proprietary technology, which could result in litigation that could divert significant valuable resources
7. We are dependent on the availability and unimpaired use of allocated bands within the radio frequency spectrum; our products may be subject to harmful interference from new or modified spectrum uses
8. Many of our products rely on GNSS technology, GPS and other satellite systems, which may become degraded or inoperable and result in lost revenue

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1. Compliance with international and U.S. laws and regulations that apply to our international operations can be complex, and exposes us to various risks related to potential non-compliance
2. We are subject to evolving and potentially conflicting data privacy and data security laws in the United States and other jurisdictions, which could involve substantial costs and adversely impact our businessreworded
3. We are subject to the impact of governmental and other certifications processes and regulations, which could adversely affect our products and our business

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1. Our debt could adversely affect our cash flow and prevent us from fulfilling our financial obligations
2. Changes in our effective tax rate may reduce our net income in future periods
3. We may be affected by fluctuations in currency exchange rates

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1. Our stock price is volatile
2. Our annual and quarterly performance fluctuates, which can adversely impact our stock price

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1. Claims and lawsuits against us, negative regulatory outcomes, or other events that adversely affect our reputation, could harm our businessnew
2. Catastrophic events or geopolitical conditions could disrupt our operations
3. Sustainability matters and related reporting obligations may cause us to incur additional expenses or adversely affect our business or reputationreworded

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

1. The contribution of Ag to a newly formed joint venture (JV), and the sale of a majority interest in the JV, are subject to substantial risks, including failure to realize the intended benefits, unanticipated challenges, and other uncertainties
2. We have claims and lawsuits against us that may result in adverse outcomes
3. Damage to our reputation could significantly harm our businesses, competitive position, and prospects for growth
4. Climate change could disrupt or harm our business