INSIGHT ENTERPRISES INC (NSIT) FY2025 10-K Annual Report
INSIGHT ENTERPRISES INC (NSIT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 12, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
INSIGHT ENTERPRISES INC FY2025 10-K Analysis
Business Overview
- • Core business model not explicitly detailed in this filing section
- • No new products, services, or segments introduced or emphasized this year
- • No strategic shift or changed competitive positioning disclosed
- • Independent auditor remains KPMG LLP, Phoenix, AZ, PCAOB Firm ID: 185
- • Proxy Statement providing key business and governance details to be filed within 120 days post-fiscal year-end
Management Discussion & Analysis
- • Debt balance $1.4B as of Dec 31, 2025 with objective to reduce while maintaining cash
- • $2.0B ABL facility fully available with $868.2M outstanding, subject to receivables and inventory covenants
- • In compliance with all Senior Notes and credit agreement covenants as of Dec 31, 2025
- • Inventory financing facilities used via financial intermediary agreements, classified separately as accounts payable
- • No events of default or acceleration on Senior Notes reported at year-end
Risk Factors
- • Regulatory/legal risk: Partner program changes reducing cloud solution fees and sales revenue in multiple regions, impacting services net sales growth
- • Geopolitical/macroeconomic threat: EMEA net sales declined 4% ($58.9 million), exacerbated by 8% decrease excluding currency fluctuations, reflecting regional demand weakness
- • Operational/supply chain vulnerability: Third-party data center security incident in July 2023 caused service outage and incurred undisclosed recovery costs affecting managed services clients
- • Competitive/market disruption risk: Declining software sales (27% in North America, 12% in EMEA) due to migration from on-premise software to cloud solutions, shifting revenue mix
- • Financial/structural risk: $25.3 million net loss on revaluation of earnout liabilities in 2025 versus prior year gain, increasing operating expenses and financial uncertainty
INSIGHT ENTERPRISES INC FY2025 Key Financial MetricsXBRL
Revenue
$8.2B
▼ -5.2% YoY
Net Income
$157M
▼ -37.0% YoY
Gross Margin
21.4%
▲ +106bp YoY
Operating Margin
4.1%
▼ -40bp YoY
Net Margin
1.9%
▼ -96bp YoY
ROE
9.5%
▼ -456bp YoY
Total Assets
$9.1B
▲ +22.0% YoY
EPS (Diluted)
$4.86
▼ -25.8% YoY
Operating Cash Flow
$304M
▼ -52.0% YoY
Source: XBRL data from INSIGHT ENTERPRISES INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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