FFIV: 10-K Risk Factor Changes

2024 vs 2023  ·  SEC EDGAR  ·  2026-10-16
Other years: 2025 vs 2024
⚠ AI Risk Brief Interpretation layer — deterministic data below

Six risk factors materially intensified, particularly around AI governance, climate regulation, cybersecurity, and macroeconomic headwinds.

Direction ↑ More concerning
✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

0
New Risks
0
Removed
6
Modified
39
Unchanged
🟡 Modified Disclosure change7/10

Climate change and associated regulation may have an impact on our business

medium match confidence

Sentence-level differences:

  • Reworded sentence: "Rapidly changing customer requirements to reduce carbon emissions also presents a risk of loss of business if we are not able to meet criteria."

Current (2024):

View prior text (2023)

Risks related to climate change are increasing in both impact and type of risk. We believe there will not be significant near-term impacts to our offices worldwide due to climate change, but long-term impacts remain unknown. However, there may be business operational risk due to the significant impacts climate change could pose to our employees’ lives, our supply chain, or electrical power availability from climate-related weather events. In addition, rapidly changing customer and regulatory requirements to reduce carbon emissions present a risk of loss of business if we are not able to meet those requirements.

🟡 Modified Security vulnerabilities or control failures in our IT infrastructure or multicloud application security and delivery products and services as well as unforeseen product errors could have a material adverse impact on our business results of operations, financial condition and reputation 🔒
🟡 Modified Macroeconomic downturns or uncertainties may harm our industry, business, and results of operations 🔒
🟡 Modified Issues related to the development and use of artificial intelligence ("AI") could give rise to legal and/or regulatory action, damage our reputation or otherwise materially harm our business 🔒

And 2 more changes in the full comparison.

5 changes in this historical filing

The complete historical comparison (2024 vs 2023) is available on the Pro plan.

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