Short answer
INSIGHT ENTERPRISES INC (NSIT) filed its fiscal 2025 10-K annual report with the SEC on Feb 12, 2026. It reported revenue of $8.2B (−5.2% year over year) and net income of $157M.
- Top risk flagged: Regulatory/legal risk: Partner program changes reducing cloud solution fees and sales revenue in multiple regions, impacting services net sales growth
FY2025 key financial metrics · XBRL
- Revenue
- $8.2B
- −5.2% YoY
- Net income
- $157M
- −37.0% YoY
- Operating margin
- 4.1%
- −0.4 pp YoY
- Gross margin
- 21.4%
- +1.1 pp YoY
- EPS (diluted)
- $4.86
- −25.8% YoY
- ROE
- 9.5%
- −4.6 pp YoY
- Operating cash flow
- $304M
- −52.0% YoY
Source: XBRL data from the INSIGHT ENTERPRISES INC (NSIT) FY2025 10-K on SEC EDGAR. USD.
INSIGHT ENTERPRISES INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
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