The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.
IBM removed one risk factor related to the Kyndryl Holdings spin-off, reflecting the completion of that transaction. No new risk factors were introduced in the 2025 filing, while five existing risks remained unchanged from the prior year.
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.
Historical year-over-year comparisons (2025 vs 2024 and earlier) are available on the Pro plan.
Get full access — from $29/month Already a Pro subscriber? View full diff →