Risk factors

New risks highlight diagnostic accuracy, tariffs, lab supply continuity, AI, and LIMS implementation.

New customer-concentration disclosure says the largest customer generated 11% of 2025 net sales; AI use introduces governance, data-leakage and intellectual-property risks.

Risk 8 now cites past delays and end-use-market changes as project constraints, but omits the warning that project costs can hurt results and facility utilization.

Rithm will exit $32.2 billion of servicing UPB, including $78.5 million in 2025 fees, requiring operational restructuring.

USPS NGDV production ramp-up is slower and costlier than expected; deferred contract costs exceed future profits on existing orders by $135 million.

Newly emphasizes tariffs, trade tensions and global economic decoupling as threats to tenant performance and the company’s ability to forecast or refinance debt.

Options expected to expire through December 2026 fell to 2.2 million from 2.7 million through December 2025.

New risks focus on the proposed acquisition, including closing, litigation, integration, synergies, and Washington regulatory oversight.

Newly enacted tariffs have raised costs for internationally sourced aircraft parts, including Brazilian E175 components.

Lease expirations through 2030 cover 46.3% of consolidated rentable space, up from 44.8%; joint venture exposure fell to 9.3% from 11.8%.

New exposures reflect SoFi’s 2025 expansion into crypto, international remittances, and home equity lending, alongside concentrated personal-loan counterparties.

Dividend disclosure now stresses that future payments depend on earnings, capital needs, debt covenants and other factors; no annualized payout has been declared.