Added10-Q 2026-11-03 vs 10-K 2026-02-17
• cause certain customers or third-party service providers to cease doing business or renegotiate contracts with us;
Risk factors in the latest filings
10 new paragraphs in the 10-K, 6 new in the latest 10-Q
New in the 10-K
Paragraphs with nothing like them in last year's 10-K
10 paragraphs in Risk Factors of the 10-K filed Feb 17, 2026 with nothing like them in the 10-K filed Feb 18, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 74 Technology companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
Our results of operations may fluctuate, in part, because of the intensive nature of our sales efforts and the length and unpredictability of our sales cycle. As part of our standard sales efforts, we invest considerable time and expense evaluating the specific organizational needs of our potential customers and educating these potential customers about the technical capabilities and value of our platforms and services. We often also provide our platforms to potential customers (including individual users
Read in the 10-K ↗
While we remain focused on operating efficiently, we anticipate that our operating expenses will continue to increase in the future. As we continue to expand our business, industry verticals, and the breadth of our operations, upgrade our infrastructure,
Read in the 10-K ↗
productivity and availability of key personnel and other employees necessary to conduct our business; and on third-party service providers who perform critical services for us, or otherwise cause operational failures due to changes in our normal business practices.
Read in the 10-K ↗
opportunities and access to a wider base of potential customers and pool of qualified subcontractor personnel that we can call upon to enhance and augment our implementation and engineering services.
Read in the 10-K ↗
Large enterprises and government entities often undertake a significant evaluation process that results in a lengthy sales cycle, in some cases over twelve months, requiring approvals of multiple management personnel and more technical personnel than
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Show the other 5
Moreover, to the extent that we do not effectively address capacity constraints, upgrade our systems as needed, and continually develop our technology and network architecture to accommodate actual and anticipated changes in technology, our business,
Read in the 10-K ↗
could also result in our having to stop using technology, branding or marks found to be in violation of a third party’s rights and any necessary rebranding could result in the loss of goodwill. We could be required to seek a license for the intellectual property, which may not be available on commercially reasonable terms or at all. Even if a license were available, we could be required to pay significant royalties, which would increase our expenses. As a result, we could be required to develop alternative non-infringing technology, branding or marks, which could require significant effort and expense. If we cannot license rights or develop technology for any infringing aspect of our business, we would be forced to limit or stop sales of one or more of our platforms or features, we could lose existing customers, and we may be unable to compete effectively. Any of these results would harm our business, financial condition, and results of operations.
Similar paragraph at 1 of 74 other Technology companies: CRWDRead in the 10-K ↗
In addition, our platforms integrate a wide variety of other elements, and our platforms must successfully interoperate with products from other vendors and our customers’ internally developed software. As a result, when problems occur for a customer
Read in the 10-K ↗
•changes in fiscal or contracting policies or decreases in available government funding, including as a result of efforts by the federal government to analyze and enhance its operational efficiency or enforce executive orders and other administration priorities;
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thereon if the record date for determining the stockholders entitled to vote to approve such transaction occurs prior to the Final Class F Conversion Date;
Read in the 10-K ↗
New in the latest 10-Q
Paragraphs in the 10-Q filed Nov 3, 2026 that were not in the one before
6 paragraphs in the 10-Q filed Nov 3, 2026 with nothing like them in the 10-Q filed Aug 4, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Risk Factors
AI is enabled by or integrated into some of our technology platforms and is a significant and growing element of our business. We have also incorporated AI into certain operations within our business, including by using our platforms for internal functions, and have developed internal policies and technological capabilities to govern AI use.
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the costs of compliance with, and other burdens imposed by, the laws, regulations, and policies that are applicable to the businesses of our customers may limit the use and adoption of, and reduce the overall demand for, our platforms.
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our products and/or the performance of services, may create delays in the introduction of our products in non-U.S. markets, prevent our customers with non-U.S. operations from deploying our products throughout their global systems or, in some cases, prevent the export of our products to some countries altogether.
Read in the 10-Q ↗
afforded to stockholders of companies that are subject to all of the Nasdaq corporate governance standards, and the ability of our independent directors to influence our business policies and corporate matters may be reduced.
Read in the 10-Q ↗
Other information
On August 6, 2026, Shyam Sankar, our Chief Technology Officer and Executive Vice Presiden t, terminated a Rule 10b5-1 trading arrangement on behalf of himself and as Trustee of The Sankar Irrevocable Remainder Trust DTD 4/20/2020, which was previously adopted on March 11, 2026 and intended to satisfy the affirmative defense of Rule 10b5-1(c). For additional details about the material terms of this arrangement, refer to the description under the heading “Rule 10b5-1 Trading Arrangements” contained in Part II, Item 5. Other Information of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which is incorporated herein by reference.
Read in the 10-Q ↗
Show the other 1
On August 14, 2026, David Glazer, our Chief Financial Officer, terminated a Rule 10b5-1 trading arrangement, which was previously adopted on March 16, 2026 and intended to satisfy the affirmative defense of Rule 10b5-1(c). For additional details about the material terms of this arrangement, refer to the description under the heading “Rule 10b5-1 Trading Arrangements” contained in Part II, Item 5. Other Information of our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026, which is incorporated herein by reference.
Read in the 10-Q ↗
10-Q against the 10-K
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 3, 2026 against Item 1A of the 10-K filed Feb 17, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
Added10-Q 2026-11-03 vs 10-K 2026-02-17
Given the nature of our products and services, we have been, and may continue to be, targeted for security attacks, including threats to the physical security of our facilities and employees. These threats could involve, and in some cases have involved, terrorism, targeted threats against senior executives, workplace violence, and civil unrest. For example, the hostilities in Iran have demonstrated the intent to target Western technology infrastructure and companies, including us, and have increased the risk that our systems, facilities, or third-party providers could be subject to physical or cyber attack.
Added10-Q 2026-11-03 vs 10-K 2026-02-17
governments and government agencies. If we are unable to modify or develop pricing models and strategies that are attractive to existing and prospective customers, while enabling us to significantly grow our sales and revenue relative to our associated costs and expenses in a reasonable period of time, our business, financial condition, and results of operations may be adversely impacted.
Added10-Q 2026-11-03 vs 10-K 2026-02-17
The market for our platforms is rapidly evolving. Our future success will depend in large part on the growth and expansion of this market, which is difficult to predict and relies on a number of factors, including customer adoption, customer demand,
Added10-Q 2026-11-03 vs 10-K 2026-02-17
AI is enabled by or integrated into some of our technology platforms and is a significant and growing element of our business. We have also incorporated AI into certain operations within our business, including by using our platforms for internal functions, and have developed internal policies and technological capabilities to govern AI use.
Show the other 19
Added10-Q 2026-11-03 vs 10-K 2026-02-17
In addition, any of our patents, copyrights, trademarks, or other intellectual property or proprietary rights may be challenged, narrowed, invalidated, held unenforceable, or circumvented in litigation or other proceedings, including, where applicable, opposition, re-examination, inter partes review, post-grant review, interference, nullification and derivation proceedings, and equivalent proceedings in foreign jurisdictions, and such intellectual property or other proprietary rights may be lost or no longer provide us meaningful competitive advantages. Such proceedings may result in substantial cost and require significant time from our management, even if the eventual outcome is favorable to us. Third parties also may legitimately and
Added10-Q 2026-11-03 vs 10-K 2026-02-17
Similarly, recent and forthcoming amendments to South Korean data protection and information security laws, including the Personal Information Protection Act (“PIPA”), may increase our compliance costs. The amendments expand PIPA’s scope and enforcement mechanisms, including enhanced executive accountability, breach notification obligations, mandatory certification requirements, and revised financial penalties. Under the revised framework, the Personal Information Protection Commission may impose administrative fines of up to 10% of a company's total revenue for noncompliance. Customers may also impose additional due diligence and contractual requirements to support their compliance with laws applicable to their use of our products, increasing our compliance and operating costs. These developments may increase our financial exposure if we violate applicable requirements or fail to satisfy customer-imposed obligations and may require additional investment in compliance infrastructure. In addition, South Korea's Framework Act on the Development of Artificial Intelligence and the Establishment of a Foundation for Trust (the “AI Basic Act”) took effect in January 2026, introducing heightened obligations on providers and operators of “high-impact” AI systems, including transparency and risk management requirements, adding further complexity and cost to our operations.
Added10-Q 2026-11-03 vs 10-K 2026-02-17
the costs of compliance with, and other burdens imposed by, the laws, regulations, and policies that are applicable to the businesses of our customers may limit the use and adoption of, and reduce the overall demand for, our platforms.
Added10-Q 2026-11-03 vs 10-K 2026-02-17
Our business is subject to regulation by various federal, state, local, and foreign governments in which we operate. In certain jurisdictions, the regulatory requirements imposed by foreign governments may be more stringent than those in the United
Added10-Q 2026-11-03 vs 10-K 2026-02-17
The number and significance of our legal disputes and inquiries may increase as we continue to grow larger, as our business expands in employee headcount, scope, and geographic reach, and as our platforms and services become more complex.
Added10-Q 2026-11-03 vs 10-K 2026-02-17
• changes in government programs or applicable requirements, including permitted sub-contractors or other vendors;
Added10-Q 2026-11-03 vs 10-K 2026-02-17
• rumors and market speculation involving us or other companies in our industry;
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Downturns in macroeconomic conditions, including fluctuating interest rates; supply chain disruptions; global political and economic uncertainty; geopolitical tensions, such as the ongoing Russia-Ukraine conflict, and the conflict resulting from Hamas’ attack on Israel and ongoing conflict conflicts in the Middle East; East, including the hostilities in Iran; a lack of availability of credit; a reduction in business confidence and activity; the curtailment of government or corporate spending; public health concerns or emergencies; financial market volatility; the potential or actual imposition of tariffs or other impacts on trade relations; and other factors have in the past, and may in the future, negatively affect the industries to which we sell our platforms and services.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Activist criticism and government or regulatory inquiries of our relationships with customers could potentially engender dissatisfaction among potential and existing customers, investors, and employees with how we address political and social concerns in our business activities. activities, and our actual or perceived customer relationships and company values may factor into decisions by existing and potential customers regarding whether to award, renew, or expand contracts with us, regardless of the merits of our products or services, and any resulting loss of business could in turn further harm our reputation.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Accordingly, together with the multiple class structure of our common stock and subject to limited exceptions described in our amended and restated certificate of incorporation and amended and restated bylaws, such Founders will effectively control all matters submitted to the stockholders for the foreseeable future, including the election of directors, amendments of our organizational documents, compensation matters, and any merger, consolidation, sale of all or substantially all of our assets, or other major corporate transaction requiring stockholder approval.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
It is also possible that remote work arrangements may have a negative impact on our ability to recruit, train, manage, and retain employees; our operations; our information, data security and cybersecurity; consumer privacy and the risk of fraud; the execution of our business plans; our ability to maintain and strengthen our company culture; the productivity and availability of key personnel and other employees necessary to conduct our business; and on third-party service providers who perform critical services for us, or otherwise cause operational failures due to changes in our normal business practices.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Furthermore, because the interpretation and application of laws, standards, contractual obligations and other obligations relating to privacy, data protection, and information security are uncertain, these laws, standards, and contractual and other obligations may be interpreted and applied in a manner that is, or is alleged to be, inconsistent with our data management practices, our policies or procedures, or the features of our platforms, or we may simply fail to properly develop or implement our practices, policies, procedures, or features in compliance with such obligations.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
This separation between voting power and economic interests could cause conflicts of interest between our Founders and our other stockholders, which may result in our Founders undertaking, or causing us to undertake, actions that would be desirable for the Founders or their affiliates but would not be desirable for our other stockholders.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview—Total Operations - Overview - Total Remaining Deal Value, Value of our Annual Report on Form 10-K for the year ended December 31, 2025, which was filed with the SEC on February 17, 2026, was $11.2 billion.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Further, our agreements with customers and other third parties generally include indemnification provisions under which we agree to indemnify them for losses suffered or incurred as a result of third-party claims of intellectual property infringement, misappropriation, or other violations of intellectual property rights, damages caused by us to property or persons, or other liabilities relating to or arising from our platforms, services, or other contractual obligations.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
In addition, if the open source software we use is no longer maintained by the relevant open source community, then it may be more difficult to make the necessary revisions to our software, including modifications to address security vulnerabilities, which could impact our ability to mitigate cybersecurity risks or fulfill our contractual obligations to our customers.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
The CCPA and CPRA regulate regulates the processing of personal information of California residents and increase increases the privacy and security obligations of entities handling certain personal information of California residents, including requiring covered companies to provide disclosures to California consumers, and affording such consumers abilities to opt-out of certain sales of personal information. residents.
Reworded10-Q 2026-11-03 vs 10-K 2026-02-17
Furthermore, since 2020, we have entered into channel sales relationships and strategic alliances with various global system integrators that we believe provide us with more diverse go-to-market opportunities and access to a wider base of potential customers and pool of qualified subcontractor personnel that we can call upon to enhance and augment our implementation and engineering services.
The first 24 of 78 are shown (at most 12 of each type).