CDWCDW Corporation

Technology · Internet Retail · Nasdaq

Headquarters: Vernon Hills, IL
CEO: Christine A. Leahy
Next results: around Feb 3, 2027

RevenueFY2016–25 $22.4B+6.8% FY2024: $21.0B 10-K FY2025 · XBRL Net incomeFY2016–25 $1.1B−1.0% FY2024: $1.1B 10-K FY2025 · XBRL Free cash flowFY2016–25 $1.1B−5.8% FY2024: $1.2B 10-K FY2025 · XBRL Operating marginFY2016–25 7.4%−0.5 pts 5.9% in FY2016 10-K FY2025 · XBRL

What changed

10-K filed Feb 20, 2026 against Feb 21, 2025

Area	What changed	Source
Risk factors	9 new paragraphs, nothing like them in the previous 10-K	10-K Item 1A
Receivables growing faster than revenue	Receivables +22.9% vs revenue +6.8% (+16.1 pts)	10-K · XBRL
Accounting checks	10 other checks clear, 1 worth a look	10-K · XBRL
Insiders	No open-market buys in the last 90 days	Form 4
Filings	3 in the last 30 days	EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

What's new, in their words

10-K filed Feb 20, 2026

Paragraphs in Risk Factors that were not in the 10-K filed 2025-02-21. Quoted as filed.

Social, ethical, and safety issues relating to the use of new and evolving technologies such as AI-based technologies, including generative AI in our hardware, software, and service offerings, as well as in our internal platforms, may result in reputational harm and liability. We are increasingly utilizing AI in our business, including…
10-K, Item 1A

All 9 new paragraphs →

Accounting checks

latest 10-K

10 of 11 clear 1 worth a look. Checks, not verdicts.

!
Receivables growing faster than revenueReceivables +22.9% vs revenue +6.8% (+16.1 pts)
✓
Cash from operations $1.2B vs net income $1.1B (FY ending 2025-12-31)
✓
Inventory -6.9% vs revenue +6.8% (-13.7 pts)
✓
Same auditor in both 10-Ks: Ernst & Young LLP
✓
No statement of substantial doubt about going concern
✓
No 8-K item 4.02 in the last 2 years
✓
No NT 10-K or NT 10-Q in the last 2 years
✓
The same matters as last year: Revenue recognition – Professional Services
✓
No sentence in the 10-K concludes that controls were not effective because of a material weakness
✓
No 8-K item 2.06 in the last 2 years
✓
No 8-K item 1.03 in the last 2 years

How each check works, with sources →

In the last 30 days

All filings →

Nov 4, 20268-K Quarterly results, Other events 8-K items 2.02, 8.01
Nov 4, 202610-Q Quarterly report (10-Q) period ended Sep 30, 2026
Oct 19, 20268-K Director or officer change, Regulation FD disclosure 8-K items 5.02, 7.01

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