Fiscal period ending 2025-09-30 versus 2024-09-30
— view filing on EDGAR →
A confirmed cyber breach involving source code exfiltration dominates this year's risk picture, triggering active regulatory investigations, material operational costs, and newly disclosed litigation exposure. The incident also prompted expanded IT risk disclosures covering cloud infrastructure dependency, broadening the attack surface beyond manufacturing systems. Customer concentration edged higher, adding a secondary but incremental vulnerability.
5 company-specific
Company-specific changes
New
Newly disclosed material cyber incident with confirmed source code exfiltration, ongoing regulatory investigations, customer/reputation harm, and substantial operational and compliance costs.
The Cyber Incident has had and may continue to have an adverse effect on our business, reputation, customer, employee and partner relations, results of operations, financial condition and cash flows…
Revised
New disclosure of a "Cyber Incident" with ongoing adverse effects on business, reputation, operations, and cash flows—a material escalation from generic security risk language.
Risk Factor Summary Operational and Execution Risks • Security vulnerabilities or control failures in our IT infrastructure or multicloud application delivery and security products and services as…
Revised
New disclosure of potential litigation tied to a Cyber Incident, escalating litigation risk beyond routine business disputes.
A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks Sales to U.S. and foreign, federal, state, and local governmental agency…
Revised
New disclosure of Distributed Cloud Services infrastructure dependency and outage risk. Expands IT risk scope beyond manufacturing to critical customer-facing platform services.
We are dependent on various information technology systems, and failures of or interruptions to those systems could harm our business Many of our business processes depend upon our IT systems, the…
Revised
Customer concentration risk increased: top two distributors grew from 32.2% to 33.3% of revenue, heightening dependency and loss-of-customer risk.
Table of Contents We may not be able to sustain or develop new distribution relationships, and a reduction or delay in sales to significant distribution partners could hurt our business We sell our…