--- ticker: RVTY company: RVTY filing_type: 10-K year_current: 2026 year_prior: 2025 risks_added: 1 risks_removed: 0 risks_modified: 1 risks_unchanged: 22 source: SEC EDGAR url: https://riskdiff.com/rvty/2026-vs-2025/ markdown_url: https://riskdiff.com/rvty/2026-vs-2025/index.md generated: 2026-06-01 --- # RVTY: 10-K Risk Factor Changes 2026 vs 2025 > Source: U.S. Securities and Exchange Commission (EDGAR) > Generated: 2026-06-01 > All data extracted directly from official filings. No hallucinated content. ## Summary | Status | Count | |--------|-------| | New risks added | 1 | | Risks removed | 0 | | Risks modified | 1 | | Unchanged | 22 | --- ## New in Current Filing: Uncertainties related to the development, deployment and use of AI to advance our product offerings and improve internal operations may result in harm to our business and reputation. We are advancing AI across our product and service offerings, and we are in the initial phases of expanding AI into the core functions of our business. The development and deployment of AI presents both risks and opportunities, and the implementation process could adversely impact the operations of our business as a whole. AI algorithms utilized in the deployment may be flawed or based on datasets that are biased or insufficient, and do not adequately take into account the underlying nature of our business. Failure to adequately train our employees during the deployment of AI could adversely impact our business or result in delays or errors in our offerings. Our competitiveness could also be negatively impacted by our failure to timely develop or deploy AI in our products and services, particularly if our competitors are successful in AI advancements in their products and services. The development of AI technology will require significant investment in resources and human capital and could increase our costs. There is uncertainty related to the legal and regulatory landscape surrounding rapidly evolving AI technologies, particularly in the areas of cybersecurity, intellectual property, and privacy and data protection. Failure to comply or appropriately respond to this developing landscape may result in increased legal liability, adverse regulatory action, or reputational damage. --- ## Modified: Economic, political and other risks associated with foreign operations could adversely affect our international sales and profitability. **Key changes:** - Reworded sentence: "Our sales originating outside the United States represented the majority of our total revenue in fiscal year 2025." - Reworded sentence: "Accordingly, our future results of operations could be harmed by a variety of factors, including: •changes in actual, or from projected, foreign currency exchange rates, •global health crises of unknown duration, •wars, conflicts, or other changes in a country's or region's political or economic conditions, particularly in developing or emerging markets, •longer payment cycles of foreign customers and timing of collections in foreign jurisdictions, •trade protection measures including embargoes, sanctions and tariffs, as well as the sanctions and other restrictions implemented by the United States and other governments on the Russian Federation and related parties in connection with the conflict in Ukraine, •import or export licensing requirements and the associated potential for delays or restrictions in the shipment of our products or the receipt of products from our suppliers, •policies in foreign countries benefiting domestic manufacturers or other policies detrimental to companies headquartered in the United States, •differing tax laws and changes in those laws, or changes in the countries in which we are subject to tax, •adverse income tax audit settlements or loss of previously negotiated tax incentives, •differing business practices associated with foreign operations, 21 21 21 Table of Contents Table of Contents •difficulty in transferring cash between international operations and the United States, •difficulty in staffing and managing widespread operations, •differing labor laws and changes in those laws, •differing protection of intellectual property and changes in that protection, •expanded enforcement of laws related to data protection and personal privacy, •increasing global enforcement of anti-bribery and anti-corruption laws, and •differing regulatory requirements and changes in those requirements." **Prior (2025):** Because we sell our products worldwide, our businesses are subject to risks associated with doing business internationally. Our sales originating outside the United States represented the majority of our total revenue in fiscal year 2024. We anticipate that sales from international operations will continue to represent a substantial portion of our total revenue. In addition, many of our manufacturing facilities, employees and suppliers are located outside the United States. Accordingly, our future results of operations could be harmed by a variety of factors, including: •changes in actual, or from projected, foreign currency exchange rates, •global health crises of unknown duration, •wars, conflicts, or other changes in a country's or region's political or economic conditions, particularly in developing or emerging markets, •longer payment cycles of foreign customers and timing of collections in foreign jurisdictions, •trade protection measures including embargoes, sanctions and tariffs, such as the sanctions and other restrictions implemented by the United States and other governments on the Russian Federation and related parties in connection with the conflict in Ukraine, •import or export licensing requirements and the associated potential for delays or restrictions in the shipment of our products or the receipt of products from our suppliers, •policies in foreign countries benefiting domestic manufacturers or other policies detrimental to companies headquartered in the United States, •differing tax laws and changes in those laws, or changes in the countries in which we are subject to tax, •adverse income tax audit settlements or loss of previously negotiated tax incentives, •differing business practices associated with foreign operations, •difficulty in transferring cash between international operations and the United States, •difficulty in staffing and managing widespread operations, 19 19 19 Table of Contents Table of Contents •differing labor laws and changes in those laws, •differing protection of intellectual property and changes in that protection, •expanded enforcement of laws related to data protection and personal privacy, •increasing global enforcement of anti-bribery and anti-corruption laws, and •differing regulatory requirements and changes in those requirements. **Current (2026):** Because we sell our products worldwide, our businesses are subject to risks associated with doing business internationally. Our sales originating outside the United States represented the majority of our total revenue in fiscal year 2025. We anticipate that sales from international operations will continue to represent a substantial portion of our total revenue. In addition, many of our manufacturing facilities, employees and suppliers are located outside the United States. Accordingly, our future results of operations could be harmed by a variety of factors, including: •changes in actual, or from projected, foreign currency exchange rates, •global health crises of unknown duration, •wars, conflicts, or other changes in a country's or region's political or economic conditions, particularly in developing or emerging markets, •longer payment cycles of foreign customers and timing of collections in foreign jurisdictions, •trade protection measures including embargoes, sanctions and tariffs, as well as the sanctions and other restrictions implemented by the United States and other governments on the Russian Federation and related parties in connection with the conflict in Ukraine, •import or export licensing requirements and the associated potential for delays or restrictions in the shipment of our products or the receipt of products from our suppliers, •policies in foreign countries benefiting domestic manufacturers or other policies detrimental to companies headquartered in the United States, •differing tax laws and changes in those laws, or changes in the countries in which we are subject to tax, •adverse income tax audit settlements or loss of previously negotiated tax incentives, •differing business practices associated with foreign operations, 21 21 21 Table of Contents Table of Contents •difficulty in transferring cash between international operations and the United States, •difficulty in staffing and managing widespread operations, •differing labor laws and changes in those laws, •differing protection of intellectual property and changes in that protection, •expanded enforcement of laws related to data protection and personal privacy, •increasing global enforcement of anti-bribery and anti-corruption laws, and •differing regulatory requirements and changes in those requirements. We cannot predict the scope, timing, or impact of threatened U.S. tariffs on imports, the extent to which other countries may impose retaliatory trade restrictions, or the terms of future trade policy changes. Tariffs implemented during fiscal year 2025 increased our cost of revenue by approximately $25 million and reduced our gross margin by approximately $20 million, primarily affecting products manufactured in Europe for the U.S. market. While we have implemented mitigation strategies including manufacturing optimization, supplier collaboration, pricing adjustments, and temporary cost measures, these actions may not fully offset the impact of existing or future tariffs. Additional tariffs or trade restrictions may materially and adversely affect our results of operations, financial condition, and competitive position. --- *Data sourced from SEC EDGAR. Last updated 2026-06-01.*