Risk factors

A new cybersecurity breach risk covers personal data, third-party providers, insurance gaps, litigation, and regulatory penalties.

WLFC added debt, customer concentration, key person, and fund valuation risks, while updating WEST vehicle portfolio references.

Exagen expanded its financial disclosures by adding risks regarding internal control weaknesses, sole-source suppliers, and tariffs on imported reagents.

Yext faces new risks from a $140M self-tender offer increasing long-term debt to $147.5M and credit agreement restrictions.

Tariffs now explicitly threaten products and raw materials sourced from China, Vietnam, and other impacted countries.

All policies and total insured value are now concentrated in Florida, increasing exposure to its weather, regulatory and economic conditions.

Concentration of properties in the Rockies and federal waters offshore Southern California heightens regional operational risks. Customer concentration increased, highlighted by the Phillips 66 Los Angeles refinery closure impacting sales volume.

Commercial and multi-family real estate exposure rose to 76.86% of loans, including cannabis-related commercial real estate.

BETA Technologies faces high capital requirements, mounting losses of $746 million in 2025, and stringent certification hurdles for its electric aircraft.

Boundless Bio faces substantial lease obligations and concentrates pipeline efforts on BBI-940 after halting trial enrollments.

Chegg is pivoting toward a business-to-business skilling strategy amid declining revenues and traffic headwinds from Google AI.

Coherus faces heightened competition and commercialization dependencies after divesting UDENYCA to focus on immuno-oncology pipelines like LOQTORZI.