RMDResMed
We are a global leader in digital health and cloud-connected medical devices. 10-K, Item 1
- Employees
- 11,370
- Headquarters
- San Diego, CA
- CEO
- Michael J. Farrell
- Next results
- around Jan 28, 2027
What the 10-K filed 2026-08-13 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 2025-08-08.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
“No single customer accounted for 10% or more of our total revenues for any of the periods presented.”
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Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
“We purchase configured components for our devices from various suppliers, including some who are single-source suppliers for us.”
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Lawsuits and legal claims
3 newPending cases, settlements and what the company has set aside for them.
“On June 16, 2022, Cleveland Medical Devices Inc., or Cleveland Medical, filed suit for patent infringement against Resmed in the United States District Court for the District of Delaware, case no. 1:22-cv-00794.”
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“On March 20, 2023, ResMed Corp. filed suit in the United States District Court for the Southern District of California, case no. 23-cv-00500-TWR-JLB, seeking a declaration that it does not infringe U.S.”
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New “On November 5, 2025, Cleveland Medical filed suit for patent infringement against Resmed Inc. in the United States District Court for the District of Delaware, case no. 1:25-cv-1351.”
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New “On October 9, 2025, Fractus, S.A., or Fractus, filed suit for patent infringement against ResMed Corp. and ResMed Inc. in the United States District Court for the Southern District of California, case no. 3:25-cv-02680.”
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New “In January 2026, we also filed a partial motion to dismiss in the litigation, which remains pending before the court.”
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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.
“The Revolving Credit Agreement and Term Credit Agreement contain customary covenants, including, in each case, a financial covenant that requires that we maintain a maximum leverage ratio of funded debt to EBITDA (as defined in the Revolving Credit Agreement and Term Credit Agreement, as applicable).”
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“Events of default under the Revolving Credit Agreement and the Term Credit Agreement include, in each case, failure to make payments when due, the occurrence of a default in the performance of any covenants in the respective agreements or related documents, or certain changes of control of us, or the respective guarantors of the obligations borrowed under the Revolving Credit Agreement and Term Credit Agreement.”
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“At June 30, 2026, we were in compliance with our debt covenants and there was $660 million outstanding under the Revolving Credit Agreement, Term Credit Agreement and Senior Notes.”
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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 RMD 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/RMD/export.csv") into a cell.