What the 10-K filed 2026-08-04 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 2025-08-05.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
“In fiscal year 2026, our largest client accounted for approximately 7% of our consolidated revenues.”
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“Our largest single client in each of our fiscal years 2026, 2025 and 2024 accounted for approximately 7%, 7%, and 8% of our consolidated revenues.”
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Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
“Broadridge services provide corporate issuers a single source solution that spans the entire corporate disclosure and shareholder communications and corporate disclosure lifecycle.”
Read it in the 10-K ↗
Lawsuits and legal claims
Pending cases, settlements and what the company has set aside for them.
No specific sentence about this in the 10-K.
Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
No specific sentence about this in the 10-K.
Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
“The Fiscal 2025 Revolving Credit Facility is subject to certain covenants, including a leverage ratio.”
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“At June 30, 2026, the Company is in compliance with all covenants of the Fiscal 2025 Revolving Credit Facility.”
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“The Term Credit Agreement is subject to certain covenants, including a leverage ratio.”
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“At June 30, 2026, the Company is in compliance with all covenants of the Fiscal 2026 Term Loan.”
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“At June 30, 2026, the Company is in compliance with the covenants of the indenture governing the Fiscal 2020 Senior Notes.”
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Commitments off the balance sheet
Contracts the company must pay for later: purchase obligations, take-or-pay deals.
“Purchase obligations also includes $128.5 million of other liabilities recorded on the Company’s Consolidated Balance Sheet as of June 30, 2026.”
Read it in the 10-K ↗
“The Company’s potential maximum loss exposure related to its unconsolidated investment in this variable interest entity totaled $24.4 million as of June 30, 2026, which represents the carrying value of the Company's investment.”
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 BR 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/BR/export.csv") into a cell.