F5 (FFIV) risk factors, FY2025 10-K

Operational and Execution Risks

1. 01The Cyber Incident may harm our reputation, our customers, employee and partner relations and our operations and business. Customers may in the future defer purchasing or choose to cancel or not renew their agreements or subscriptions with usNew
2. 02We are dependent on various information technology systems, and failures of or interruptions to those systems could harm our business
3. 03Cloud-based and SaaS computing trends present competitive and execution risks
4. 04Our success depends upon our ability to effectively plan and manage our resources and restructure our business
5. 05Our business could suffer if there are any interruptions or delays in the supply of hardware components from our third-party sources
6. 06It is difficult to predict our future operating results because we have an unpredictable sales cycle
7. 07Reliance on fulfillment at the end of the quarter could cause our revenue for the applicable period to fall below expected levels
8. 08Our operating results are exposed to risks associated with international commerce52% rewritten
9. 09The average selling price of our products may decrease and our costs may increase, which may negatively impact revenues and profits

Strategic and Industry Risks

1. 10Our success depends on sales and continued innovation of our application delivery and security product lines
2. 11Our business could be adversely impacted by conditions affecting the markets in which we compete
3. 12Industry consolidation may result in increased competition
4. 13We may not be able to compete effectively in the application delivery and security market
5. 14Misuse of our products could harm our reputation

Legal and Regulatory Risks

1. 15Our failure to adequately protect personal information could have a material adverse effect on our business
2. 16A portion of our revenue is generated by sales to government entities, which are subject to a number of challenges and risks
3. 17Changes in governmental regulations could negatively affect our revenues

Financial Risks

1. 18We may have exposure to greater than anticipated tax liabilities
2. 19We are exposed to fluctuations in currency exchange rates, which could negatively affect our financial condition and results of operations
3. 20Changes in financial accounting standards may cause adverse unexpected revenue fluctuations and affect our reported results of operations

Risks Related to our Common Stock

1. 21Our quarterly and annual operating results may fluctuate in future periods, which may cause our stock price to fluctuate
2. 22Anti-takeover provisions could make it more difficult for a third party to acquire us

General Risks

1. 23Macroeconomic downturns or uncertainties may harm our industry, business, and results of operations
2. 24We face risks associated with having operations and employees located in Israel
3. 25Climate change and associated regulation may have an impact on our business