ADBEAdobe Inc.
Adobe’s mission is to empower everyone to create. 10-K, Item 1
- Employees
- 31,360
- Headquarters
- San Jose, CA
- CEO
- Shantanu Narayen
- Next results
- around Dec 9, 2026
What the 10-K filed 2026-01-15 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-01-13.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
“For all periods presented, there were no customers that represented at least 10% of net revenue or that were responsible for over 10% of our trade receivables.”
Read it in the 10-K ↗
Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
No specific sentence about this in the 10-K.
Lawsuits and legal claims
1 newPending cases, settlements and what the company has set aside for them.
“As of November 28, 2025, accrued provisions for legal proceedings were immaterial.”
Read it in the 10-K ↗
“The FTC then referred the case to the Department of Justice (the “DOJ”), and on June 17, 2024, the DOJ filed a civil complaint in the United States District Court for the Northern District of California, naming Adobe and certain of our employees as defendants.”
Read it in the 10-K ↗
“Securities Litigation, Case No. 1:23-cv-09260, was filed in the U.S.”
Read it in the 10-K ↗
“Narayen et al., Case No. 24-cv-429458, was filed in California Superior Court (the “Sbriglio Action”), purportedly on behalf of Adobe.”
Read it in the 10-K ↗
New “Narayen et al., Case No. 25-cv-46762 was filed in California Superior Court (the “Daniel Action,” and together with the Consolidated Derivative Action, the Roy Action, and the Sbriglio Action, the “Derivative Actions”), purportedly on behalf of Adobe.”
Read it in the 10-K ↗
Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
“Historically, costs related to these indemnification provisions have not been significant and we are unable to estimate the maximum potential impact of these indemnification provisions on our future results of operations.”
Read it in the 10-K ↗
“The maximum potential amount of future payments we could be required to make under these indemnification agreements is unlimited; however, we have director and officer insurance coverage that reduces our exposure and enables us to recover a portion of any future amounts paid.”
Read it in the 10-K ↗
Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
No specific sentence about this in the 10-K.
Commitments off the balance sheet
1 newContracts the company must pay for later: purchase obligations, take-or-pay deals.
New “As of November 28, 2025, the value of our non-cancellable unconditional purchase obligations was $6.82 billion, primarily relating to contracts with vendors for third-party hosting and data center services.”
Read it in the 10-K ↗
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on ADBE in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/ADBE/export.csv") into a cell.