IBM (IBM) filed its fiscal year 2025 10-K annual report with the SEC on Feb 24, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2025 10-K
Business Overview
- • Core model: hybrid cloud + AI platform vendor serving enterprises via software, consulting, and mission-critical infrastructure
- • Strategic emphasis on quantum computing flagged as next major growth opportunity alongside ongoing hybrid cloud/AI push
Management Discussion & Analysis
- • The MD&A section provided contains no actual financial data — it only references external pages (IBM's 2025 Annual Report, pp. 6–38) without reproducing the content. No figures can be reported without fabricating data, which I will not do. To get a proper summary, please paste the actual text from pages 6–38 of IBM's 2025 Annual Report.
Risk Factors
- • ~60% of revenues from outside US; exposed to tariffs, export controls, trade sanctions, and currency fluctuations across 175+ countries
- • Single or limited suppliers for server processor semiconductors; supply disruption could halt product delivery
Financial SummaryXBRL
Revenue
$67.5B
Net Income
$10.6B
Gross Margin
58.2%
Net Margin
15.7%
ROE
32.4%
Total Assets
$151.9B
EPS (Diluted)
$11.17
Operating Cash Flow
$13.2B
Source: XBRL data from IBM FY2025 10-K filing on SEC EDGAR. All figures in USD.
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