Risk factors

Palo Alto Networks (PANW) risk factors

Item 1A of every Palo Alto Networks Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2026 10-K risk factors
    45 risks15 new10 dropped27 reworded

    PANW added risks tied to consumption-based revenue, AI agents, identity security, cloud-native competition, integrations, uptime, cloud capacity, and hardware supply.

    Filed Sep 10, 2026
  • FY2025 10-K risk factors
    40 risks

    Palo Alto Networks faces intense competition in enterprise security and relies heavily on channel partners and subscription models. Growth depends on platformization strategies and successfully completing the CyberArk acquisition.

    Filed Aug 29, 2025