FLEXFlex Ltd.
Flex is the advanced, end-to-end manufacturing partner of choice that helps a diverse customer base design, build, deliver and manage products that improve the world. 10-K, Item 1
- Headquarters
- Austin, TX
- CEO
- Revathi Advaithi
- Next results
- around Feb 3, 2027
What the 10-K filed 2026-05-20 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 2025-05-21.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
“Our ten largest customers accounted for 45%, 44% and 37% of net sales in fiscal years 2026, 2025 and 2024, respectively.”
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“No customer accounted for more than 10% of net sales in fiscal year 2026, 2025 or 2024.”
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“Our ten largest customers during fiscal years 2026 and 2025 accounted for 45% and 44% of net sales, respectively.”
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“We maintain a diverse portfolio which allows us to operate at scale in many different industries, and, as a result, no customer accounted for greater than 10% of net sales in fiscal year 2026 or 2025.”
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Key suppliers
2 newParts or manufacturing that depend on one or a few suppliers.
New “Certain components that we use are sourced from a limited number of suppliers, and in some cases from a single supplier, which increases the risk that regulatory actions, geopolitical developments, trade restrictions or other events affecting those suppliers could disrupt our supply chain.”
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New “In some cases, these customer-directed suppliers may be sole sources for the required components or may be geographically concentrated.”
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Lawsuits and legal claims
Pending cases, settlements and what the company has set aside for them.
“In connection with the matters described below, the Company has accrued for loss contingencies where it believes that losses are probable and estimable.”
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“The Company was unsuccessful at the administrative level in two of the remaining assessments and filed annulment actions in federal court in Brasilia, Brazil.”
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“During fiscal year 2024, the Company recognized a $50 million loss contingency for a commercial dispute related to a construction matter with related production objectives.”
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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.
“As of March 31, 2026, we were in compliance with the covenants under all of our credit facilities and indentures and expect to remain in compliance with the covenants in the upcoming 12 months.”
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“As of March 31, 2026 and 2025, the Company was in compliance with its debt covenants.”
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Commitments off the balance sheet
Contracts the company must pay for later: purchase obligations, take-or-pay deals.
No specific sentence about this 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 FLEX 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/FLEX/export.csv") into a cell.