Badger Meter (BMI) risk factors, FY2025 10-K

Badger Meter's FY2025 10-K, filed Feb 17, 2026, lists 20 risk factors. Against the prior year's 20: 1 substantially reworded.

Risk factors listed
201 groups
New this year
0vs 20 last year
Dropped
0since the prior 10-K
Substantially reworded
1of those kept
Section length
4k wordsItem 1A

What the changes say

  • Risk section remains largely unchanged with only one policy-related update regarding the USMCA trade agreement.

What changed since the prior 10-K

Reworded

  • 38% rewrittenRisks related to foreign markets could decrease our profitability

    Economic impacts due to leadership or policy changes in the countries where we do business could negatively affect our profitability

    Added specific mention that the cancelation or modification of the USMCA could increase tariff costs and disrupt supply chains.

All 20 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01The inability to develop technologically advanced products and solutions could harm our future success
  2. 02Failure to manufacture quality products could have a material adverse effect on our business
  3. 03If our software products do not operate as intended, our business could be materially and adversely affected
  4. 04Our role as a prime contractor brings certain risks that could have a material adverse effect on our business
  5. 05If we are not able to protect our proprietary rights to our software and related products, our ability to market our software products could be hindered and our results of operations, financial position and cash flows could be materially and adversely affected
  6. 06The inability to obtain adequate supplies of raw materials and component parts at reasonable prices could decrease our profit margins and negatively impact timely delivery to customers and could have a material adverse effect on our business, results of operations and financial condition
  7. 07Economic conditions could cause a material adverse impact on our sales and results of operations
  8. 08The imposition of significant tariffs or other trade barriers by the United States, or other foreign nations, may harm our sales, costs and results of operations
  9. 09Geopolitical crisis, including terrorism or pandemics, could adversely affect our business

Risks related to foreign markets could decrease our profitability

  1. 10An inability to attract and retain skilled employees could negatively impact our growth and decrease our profitability
  2. 11Competitive pressures in the marketplace could decrease our revenues and profits
  3. 12Global public health pandemics could have a material adverse effect on our business, results of operations and financial condition
  4. 13Violations or alleged violations of laws that impose requirements for the conduct of the Company’s overseas operations, including the U.S. Foreign Corrupt Practices Act (FCPA) or other anti-corruption laws, trade sanctions and sanctioned parties restrictions could adversely affect our business
  5. 14Changes in environmental or regulatory requirements, including climate change legislation, could entail additional expenses that could decrease our profitability
  6. 15Economic impacts due to leadership or policy changes in the countries where we do business could negatively affect our profitability38% rewritten
  7. 16Climate change, extreme weather and other natural phenomena could adversely affect our business
  8. 17Failure to meet sustainability expectations or standards, or to achieve our sustainability goals, could adversely affect our business, results of operations and overall financial performance
  9. 18Litigation against us could be costly, time-consuming to defend and could adversely affect our profitability
  10. 19Disruptions and other damages to our information technology and other networks and operations, and breaches in data security or cybersecurity attacks could have a negative financial impact and damage our reputation
  11. 20Failure to successfully identify, complete and integrate acquired businesses or products could adversely affect our operations

Other Badger Meter 10-Ks

  • FY2024 10-K risk factors
    20 risks

    Badger Meter's risks center on manufacturing precision water management hardware and software, raw material costs, and municipal utility customer exposure.

    Filed Feb 14, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.