Cadre Holdings (CDRE): what its 10-K says it depends on

Customers

U.S. Department of War

earns from · $50M IDIQ contract

In 2025, we announced a $50M IDIQ contract with the DoW to provide blast sensors to service members.Business (Item 1)

Also named by AIR, BA, CACI, CVLG, GD, HII, LHX, MP and 4 more

U.S. Department of Energy

earns from

Select customers include the DoE, LANL, BWXT and Veolia.Business (Item 1)

Also named by AAON, AMRC, AOS, BWXT, CDE, CEG, CLF, CW and 16 more

Los Alamos National Laboratory (LANL)

earns from

Select customers include the DoE, LANL, BWXT and Veolia.Business (Item 1)

Also named by OKLO

BWX Technologies (BWXT)

earns from

Select customers include the DoE, LANL, BWXT and Veolia.Business (Item 1)

Veolia

earns from

Select customers include the DoE, LANL, BWXT and Veolia.Business (Item 1)

Suppliers

Honeywell SpectraShield

depends onnamed as a risk

The raw materials and components that we use to manufacture our products, include SpectraShield®, a patented product of Honeywell, Inc.; Kevlar®, a patented product of E.I. du Pont de Nemours Co., Inc.; Dyneema®, a patented product of Koninklijke DSM N.V.; and Twaron®, a patented product of Teijin Limited, amongst others, which we use in manufacturing ballistic resistant garments.Risk factors (Item 1A)

DuPont Kevlar

depends onnamed as a risk

The raw materials and components that we use to manufacture our products, include SpectraShield®, a patented product of Honeywell, Inc.; Kevlar®, a patented product of E.I. du Pont de Nemours Co., Inc.; Dyneema®, a patented product of Koninklijke DSM N.V.; and Twaron®, a patented product of Teijin Limited, amongst others, which we use in manufacturing ballistic resistant garments.Risk factors (Item 1A)

DSM Dyneema

depends onnamed as a risk

The raw materials and components that we use to manufacture our products, include SpectraShield®, a patented product of Honeywell, Inc.; Kevlar®, a patented product of E.I. du Pont de Nemours Co., Inc.; Dyneema®, a patented product of Koninklijke DSM N.V.; and Twaron®, a patented product of Teijin Limited, amongst others, which we use in manufacturing ballistic resistant garments.Risk factors (Item 1A)

Teijin Twaron

depends onnamed as a risk

The raw materials and components that we use to manufacture our products, include SpectraShield®, a patented product of Honeywell, Inc.; Kevlar®, a patented product of E.I. du Pont de Nemours Co., Inc.; Dyneema®, a patented product of Koninklijke DSM N.V.; and Twaron®, a patented product of Teijin Limited, amongst others, which we use in manufacturing ballistic resistant garments.Risk factors (Item 1A)

Partners and platforms

Hardwire LLC

depends on

We also sell products in partnership with industry leading developer Hardwire LLC.Business (Item 1)

Other companies

TYR Tactical, LLC

approximately 66% of its revenue from customers outside of the U.S.

TYR derives approximately 66% of its revenue from customers outside of the U.S., expanding the global reach of our portfolio of products.Business (Item 1)

Zircaloy (Carr's Engineering)

With operations in the U.K., Germany, and the U.S., Zircaloy designs, manufactures, and services engineered equipment, vessels, precision components, process systems, large-scale fabrications, and remote handling systems for nuclear markets, enhancing safety and operational efficiency by reducing human exposure to hazardous environments.Business (Item 1)

Competitors

Point Blank Enterprises, Inc.

competes with

Our primary competitors include, but are not limited to, Point Blank Enterprises, Inc., Avon Protection Systems, Inc., Central Lake Armor Express, Inc. (d/b/a Armor Express), Alien Gear Holsters, and Blackhawk a division of Revelyst.Business (Item 1)

Avon Protection Systems, Inc.

competes with

Our primary competitors include, but are not limited to, Point Blank Enterprises, Inc., Avon Protection Systems, Inc., Central Lake Armor Express, Inc. (d/b/a Armor Express), Alien Gear Holsters, and Blackhawk a division of Revelyst.Business (Item 1)

Places

New Mexico

operates in

The operations of our Alpha Safety business are highly regulated by the U.S. Government, including without limitation, the U.S Nuclear Regulatory Commission (“NRC”), the DoE as well as the states of New Mexico, Colorado and Connecticut where its operations are located.Business (Item 1)

Also named by AROC, DVN, FSUN, LB, PR, WTTR

Hazards

Russia-Ukraine conflict

named as a risk

There is continued, sustained military conflict between Russia and Ukraine as well as in the Middle East, and continued disruption in these regions and the broader global economic environment is likely.Risk factors (Item 1A)

Also named by ABT, ADM, ARWR, CAG, DOW, EMN, FDX, FLR and 14 more

Commodities and inputs

Canadian dollar

exposed to its price · approximately $1.8 millionnamed as a risk

A 10% increase or decrease in the value of the Canadian dollar to the U.S. dollar would have caused our reported net sales to increase or decrease by approximately $1.8 million for the year ended December 31, 2025.Market risk (Item 7A)

Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDW and 67 more

SOFR

exposed to its price · $308.8 million in outstanding floating rate debtnamed as a risk

As of December 31, 2025, we had $308.8 million in outstanding floating rate debt, which bears interest at one-month SOFR (3.72% as of December 31, 2025) plus applicable margin.Market risk (Item 7A)

Also named by AAP, AIOT, APG, APH, ARES, AXON, BGC, BR and 82 more

Mexican peso

exposed to its price · approximately $1.9 millionnamed as a risk

A 10% increase or decrease in the value of the Mexican peso to the U.S. dollar would have caused our reported net income to increase or decrease by approximately $1.9 million for the year ended December 31, 2025, excluding unrealized gains or losses from remeasurement and the impact of cash flow hedges.Market risk (Item 7A)

Also named by AYI, AZO, BAX, CCK, CP, DCH, EZPW, FCFS and 14 more

Natural gas and electricity

exposed to its pricenamed as a risk

Electricity and natural gas are used to operate equipment at our manufacturing facilities.Risk factors (Item 1A)

Also named by CCK

Orthochlorobenzalmalononitrile and Chloroacetophenone

depends onnamed as a risk

We use Orthochlorabenzalmalononitrile and Chloroacetophenone chemical agents in connection with our production of our crowd control products, and these chemicals are hazardous and could cause environmental damage if not handled and disposed of properly.Risk factors (Item 1A)

Regulators

U.S. Nuclear Regulatory Commission

subject tonamed as a risk

In the event of non-compliance, these agencies might increase regulatory oversight, impose fines, or shut down our operations, depending upon the severity of the situation.Risk factors (Item 1A)

Also named by AEE, AEP, BRK/B, BWXT, CAH, CEG, CW, D and 20 more

Defense Contract Audit Agency

subject tonamed as a risk

The accuracy and appropriateness of certain costs and expenses used to substantiate our direct and indirect costs for the U.S. government under both cost-plus and fixed-price contracts are subject to extensive regulation and audit by the Defense Contract Audit Agency, an arm of the DoW.Risk factors (Item 1A)

Also named by ACN, BA, CACI, FLR, HII, KTOS, LDOS, LMT and 6 more

U.S. House Committee on Oversight and Reform

subject tonamed as a risk

For example, heightened governmental scrutiny of the safety of crowd control products has resulted in requests by two subcommittees of the U.S. House Committee on Oversight and Reform for information from major U.S. manufacturers, including us, relating to the production, sale, safety, and regulation of crowd control products.Risk factors (Item 1A)

U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF)

subject to

Domestically, the manufacture, sale, and purchase of certain products are subject to extensive federal, state, and local governmental regulation, with the primary regulatory body being the U.S. Bureau of Alcohol, Firearms, and Explosives (“ATF”).Business (Item 1)

Also named by ASO, AXON, EZPW

Canadian Controlled Goods Directorate

subject to

Our business in Canada is subject to the Canadian Controlled Good Directorate Registration regime, which regulates commerce in controlled goods, meaning those that require a license to export, including ITAR items.Business (Item 1)

Laws and programs

Fixed-price government contracts

earns from · approximately 18% and 65% of 2025 Product and Distribution segment net sales, respectivelynamed as a risk

Fixed-price contracts represented approximately 18% and 65% of 2025 Product and Distribution segment net sales, respectively.Risk factors (Item 1A)

Foreign Corrupt Practices Act

subject tonamed as a risk

On February 10, 2025, Executive Order 14209 directed the U.S. Department of Justice (“DOJ”) to pause certain FCPA enforcement activity for a review period, and DOJ issued updated enforcement guidelines in June 2025 and resumed FCPA enforcement with a stated focus on matters implicating U.S. economic and national security interests.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

Export Administration Regulations (EAR)

subject tonamed as a risk

More specifically, to export some of our products in accordance with ITAR or EAR, we must obtain export authorizations or licenses from the U.S. government, primarily the DoS for ITAR and the U.S. Department of Commerce for EAR.Business (Item 1)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, COHR and 40 more

International Traffic in Arms Regulations (ITAR)

subject tonamed as a risk

More specifically, to export some of our products in accordance with ITAR or EAR, we must obtain export authorizations or licenses from the U.S. government, primarily the DoS for ITAR and the U.S. Department of Commerce for EAR.Business (Item 1)

Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CLS, COHR and 29 more

Price-Anderson Act

subject tonamed as a risk

If the DoE were to determine that the Price-Anderson Act did not apply to any claims or allegations asserted against the Company, we would have to pay all or part of any damages awarded as a result of such claims, and the cost to us, including legal fees, could adversely affect our results of operations and financial condition.Risk factors (Item 1A)

Also named by BWXT, CEG, CW, DUK, ETR, FLR, J, LEU and 5 more

Defense Production Act of 1950

subject tonamed as a risk

We cannot predict when the United States government will invoke the DPA, and in the past we have faced shortages from our sources of materials and components when the DPA has been invoked, including shortages in the raw materials and components that we use in manufacturing ballistic resistant garments.Risk factors (Item 1A)

Federal Acquisition Regulation (FAR)

subject to

The Federal Acquisition Regulation (“FAR”) governs the majority of our contracts with U.S. federal agencies, mandating uniform policies and procedures across agencies and with each agency supplementing the FAR as needed.Business (Item 1)

Also named by ACN, AIR, ALSN, ASTS, AXON, BWXT, CACI, CLS and 12 more

Arms Export Control Act of 1976

subject to

Also, the Arms Export Control Act of 1976 (“AECA”) requires that a certification be provided to the U.S. Congress prior to the granting of any license or other approval for certain transactions involving exports of any defense articles and defense services and for exports of major defense equipment.Business (Item 1)

U.S. Department of Transportation Hazardous Material Regulations

subject to

The transportation of certain of our products is subject to U.S. Department of Transportation Hazardous Material Regulations (“HMR”), which govern the transportation of hazardous and radioactive materials in interstate, intrastate, and foreign commerce.Business (Item 1)

National Institute of Justice body armor standards

subject to

Our body armor panels manufactured in the United States are designed to meet applicable ballistic performance standards established by the NIJ.Business (Item 1)