What the changes say
- Roper Technologies added explicit regulatory warnings regarding artificial intelligence, expanding legal and compliance burdens across its business segments.
What changed since the prior 10-K
New
- NewRisks Related to Government Regulations
Regulation limiting or controlling the use of AI may restrict our ability to use AI, our ability to create new products, and create increased compliance costs
The EU AI Act and state regulations in Colorado and California may restrict our use of AI, increase compliance costs, and limit product development.
Dropped
- DroppedRisks Related to Government Regulations
global annual revenue) and EU data protection authorities have already issued significant fines. Canada (Quebec) has also significantly updated its privacy laws
Reworded
- 70% rewrittenRisks Related to Our Business Operations
We use AI in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations
Added risks regarding AI commoditization, rapid capability advancements, and the uncertainty of protecting AI-generated innovations as intellectual property.
Was: We use artificial intelligence in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations
- 64% rewrittenRisks Related to Government Regulations
Regulation of privacy and data security may adversely affect sales of our products and services and result in increased compliance costs
Expanded state-level privacy legislation tracking to include new housing sector regulations alongside financial, healthcare, and educational sectors.
- 47% rewrittenRisks Related to Our Business Operations
Our operating results could be adversely affected by a reduction in business with our large customers
Added risks that government contracts may face specialized compliance obligations, audits, investigations, and bid process delays.
- 46% rewrittenRisks Related to Our Business Operations
We rely on information and technology, including third-party cloud computing platforms and other third-party business partners, for many of our business operations which could fail and cause disruption to our business operations
Corrected the spelling of cybersecurity in the description of risk management programs.
- 33% rewrittenRisks Related to Our Business Operations
Unfavorable changes in foreign exchange rates may harm our business
Updated foreign currency revenue figures, noting non-U.S. dollar sales represented 9% of total net revenues for both 2025 and 2024.
- 31% rewrittenRisks Related to Economic and Political Conditions
Political and geopolitical conditions can adversely affect our business
Maintained existing geopolitical and tariff risk disclosures without substantive textual modifications.
- 30% rewrittenRisks Related to Our Business Operations
Our goodwill and other intangible assets are a significant amount of our total assets, and any write-off of our intangible assets would negatively affect our results of operations
Updated goodwill figures for 2025 to $21,341.2 million, representing 62% of total assets of $34,577.0 million.
- 26% rewrittenRisks Related to Our Business Operations
Our technology is important to our success, and our failure to protect this technology could put us at a competitive disadvantage
Added risks concerning third-party misappropriation of proprietary technology and uncertainties regarding intellectual property protection for AI-assisted outputs.
- 25% rewrittenRisks Related to Our Business Operations
Changes in the supply of, or price for, raw materials, parts, and components used in our products, or third-party services used in the delivery of our SaaS solutions could affect our business
- 22% rewrittenRisks Related to Economic and Political Conditions
Economic, political, and other risks associated with our international operations could adversely affect our business
All 24 risk factors
Headings as the filing states them, in filing order.
Risks Related to Our Business Operations
- 01Our growth strategy includes acquisitions. We may not be able to identify suitable acquisition candidates, complete acquisitions, or integrate acquisitions successfully
- 02Our technology is important to our success, and our failure to protect this technology could put us at a competitive disadvantage26% rewritten
- 03We rely on information and technology, including third-party cloud computing platforms and other third-party business partners, for many of our business operations which could fail and cause disruption to our business operations46% rewritten
- 04We use AI in our business, and challenges with properly managing its use could result in reputational harm, competitive harm, and legal liability, and adversely affect our results of operations70% rewritten
- 05Product liability, insurance risks, product recalls, and increased insurance costs could harm our operating results
- 06Our operating results could be adversely affected by a reduction in business with our large customers47% rewritten
- 07Unfavorable changes in foreign exchange rates may harm our business33% rewritten
- 08We face intense competition. If we do not compete effectively, our business may suffer
- 09Our indebtedness may affect our business and may restrict our operating flexibility
- 10Our goodwill and other intangible assets are a significant amount of our total assets, and any write-off of our intangible assets would negatively affect our results of operations30% rewritten
- 11We depend on our ability to develop new products and software, and any failure to develop or market new products and software could adversely affect our business
- 12Changes in the supply of, or price for, raw materials, parts, and components used in our products, or third-party services used in the delivery of our SaaS solutions could affect our business25% rewritten
- 13Our non-operating results may be adversely impacted by the performance of Indicor, in which we own a minority interest
- 14Divestitures or other dispositions could negatively impact our business
Risks Related to Government Regulations
- 15Regulation of privacy and data security may adversely affect sales of our products and services and result in increased compliance costs64% rewritten
- 16Regulation limiting or controlling the use of AI may restrict our ability to use AI, our ability to create new products, and create increased compliance costsNew
- 17Expectations relating to sustainability considerations expose the Company to potential liabilities, increased costs, reputational harm, and other adverse effects on the Company’s business
Risks Related to Economic and Political Conditions
- 18Economic, political, and other risks associated with our international operations could adversely affect our business22% rewritten
- 19Any business disruptions due to political instability, armed hostilities, incidents of terrorism, incidents of directed cyberattacks, public health crises, or extreme weather events or other natural disasters could adversely impact our financial performance
- 20Political and geopolitical conditions can adversely affect our business31% rewritten
- 21The potential insolvency or financial distress of third parties could adversely impact our business and results of operations
- 22Changes to our executive leadership team and any future loss of members of such team, and the resulting management transitions, could harm our operating results
- 23Legal proceedings to which we are, or may be, a party may adversely affect us
- 24A downgrade in the ratings of our debt could restrict our ability to access the debt capital markets and increase our interest costs
Other Roper Technologies 10-Ks
- FY2024 10-K risk factors24 risks
Roper's risk profile is dominated by heavy reliance on acquisitions and massive goodwill totaling $19,312.9 million, alongside substantial indebtedness of $7,623.0 million.
Filed Feb 24, 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.