NRC Health (NRC) risk factors, FY2025 10-K

NRC Health's FY2025 10-K, filed Mar 05, 2026, lists 24 risk factors in 2 groups. Against the prior year's 24: 7 substantially reworded.

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Risk factors listed
242 groups
New this year
0vs 24 last year
Dropped
0since the prior 10-K
Substantially reworded
7of those kept
Section length
7k wordsItem 1A

What the changes say

  • Profitability risk now emphasizes insufficient revenue growth or cost reductions compressing margins, replacing detailed executive compensation disclosures.

What changed since the prior 10-K

Reworded

  • 67% rewrittenRisks Related to our Business

    If we are unable to achieve a proper revenue to cost ratio our profitability could decrease

    Recasts the risk around failing to grow revenue or reduce costs sufficiently, removes Mr. Green’s specific compensation figures, and adds sales investment and spending reductions.

  • 52% rewrittenRisks Related to our Business

    We could be negatively impacted by outbreaks or pandemics

    Broadens the wording from COVID-19’s continued spread and other outbreaks to any contagious-disease outbreak or adverse public-health environment.

  • 46% rewrittenRisks Related to our Business

    We depend on contract renewals, including retention of key customers, for a large share of our revenue and our operating results could be adversely affected

    Updates the ten-largest-customer concentration to 20%, 17%, and 15% of revenue for 2025–2023, versus 17%, 15%, and 15% previously.

    Was: We depend on contract renewals, including retention of key clients, for a large share of our revenue and our operating results could be adversely affected

  • 43% rewrittenRisks Related to our Common Stock

    Our business and operating results could be adversely affected if we are unable to attract or retain key managers and other personnel

    Replaces former CEO Michael D. Hays with CEO Trent Green and newly identifies the Chairman as a potentially critical departing leader.

  • 30% rewrittenRisks Related to our Business

    General economic factors could adversely impact our profitability

    Moves expected continuing inflationary pressures from 2025 to 2026 and revises the examples of increased costs.

  • 29% rewrittenRisks Related to our Business

    We could be negatively impacted by global conflicts or similar events

    Updates Ukraine capitalization and adds potential foreign-currency exchange-rate volatility among the financial effects of prolonged conflicts.

    Was: We could be negatively impacted by the global conflicts or similar events

  • 23% rewrittenRisks Related to our Business

    Because our customers are concentrated in the healthcare industry, our revenue and operating results may be adversely affected by changes in regulations, a business downturn, or consolidation with respect to the healthcare industry

    Primarily changes clients to customers and updates punctuation; the healthcare-industry regulatory and reimbursement threats remain substantively unchanged in the excerpt.

    Was: Because our clients are concentrated in the healthcare industry, our revenue and operating results may be adversely affected by changes in regulations, a business downturn or consolidation with respect to the healthcare industry

All 24 risk factors

Headings as the filing states them, in filing order.

Risks Related to our Business

  1. 01We depend on contract renewals, including retention of key customers, for a large share of our revenue and our operating results could be adversely affected46% rewritten
  2. 02We operate in a highly competitive market and could experience increased price pressure and expenses as a result
  3. 03Because our customers are concentrated in the healthcare industry, our revenue and operating results may be adversely affected by changes in regulations, a business downturn, or consolidation with respect to the healthcare industry23% rewritten
  4. 04We could be negatively impacted by outbreaks or pandemics52% rewritten
  5. 05We could be negatively impacted by global conflicts or similar events29% rewritten
  6. 06General economic factors could adversely impact our profitability30% rewritten
  7. 07We face several risks relating to our ability to collect the data on which our business relies
  8. 08If intellectual property and other proprietary information technology were copied or independently developed by our competitors, our operating results could be negatively affected
  9. 09Failures, interruptions, or deficiencies in our information technology and communications systems could negatively impact our business and operating results
  10. 10New solution offerings involve inherent risk
  11. 11Some of our employees work remotely, which may increase the cybersecurity risks to our business, including an increased demand for information technology resources, increased risk of phishing, and other cybersecurity risks
  12. 12Reputational harm could have a material adverse effect on our business, financial condition, and results of operations
  13. 13Our operations are subject to laws and regulations that impose significant compliance costs and create reputational and legal risk
  14. 14Ineffective internal controls could have a negative impact on our business, results of operations, and our reputation
  15. 15In order to expand services or technologies to existing customers and increase our customer base, we have historically, and may in the future, make strategic business acquisitions, partnerships with other organizations, and/or investments that we believe complement our business
  16. 16If we are unable to achieve a proper revenue to cost ratio our profitability could decrease67% rewritten

Risks Related to our Common Stock

  1. 17Our principal shareholders effectively control the Company
  2. 18The market price of our common stock may be volatile and shareholders may be unable to resell shares at or above the price at which the shares were acquired
  3. 19Variations in general market, economic, and political conditions or financial markets
  4. 20Our operating results may fluctuate and this may cause our stock price to decline
  5. 21Our business and operating results could be adversely affected if we are unable to attract or retain key managers and other personnel43% rewritten
  6. 22Increases in income tax rates, changes in income tax laws or regulations, or unfavorable resolutions of tax matters could adversely impact our profitability
  7. 23Failure to comply with public company regulations could adversely impact our profitability
  8. 24We may change our dividend policy at any time

Other NRC Health 10-Ks

  • FY2024 10-K risk factors
    24 risks

    NRC Health relies heavily on renewable healthcare client contracts and survey data collection, facing intense competition and regulatory exposure.

    Filed Mar 17, 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.