Risk Sleuth
RBA · 10-K filed 25 Feb 2026 · year to 31 Dec 2025

RB Global

36 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Three largest supplier customers (automobile insurance companies)

earns from · approximately 23% of our consolidated revenuesnamed as a risk
During fiscal year 2025, approximately 23% of our consolidated revenues were associated with vehicles supplied by the Company's three largest supplier customers.Risk factors (Item 1A)

Defense Logistics Agency (DLA)

depends onnamed as a risk
Additionally, we have two vendor contracts with the U.S. Government’s Defense Logistics Agency (“DLA”) pursuant to which we acquire, manage and resell certain assets of the DLA.Risk factors (Item 1A)

Also named by VPG

Suppliers

Independent subhaulers and trucking fleet operators

depends onnamed as a risk
We rely on independent subhaulers and trucking fleet operations to pick up and deliver vehicles to and from our auction facilities.Risk factors (Item 1A)

Other companies

KAR Auction Services, Inc.

named as a risk
If we are required to indemnify KAR, or if we are not able to collect on indemnification rights from KAR, our financial condition, liquidity or results of operations could be materially and adversely affected.Risk factors (Item 1A)

LKQ SYNETIQ

Other primarily includes assets and equipment in the agricultural, forestry and energy industries, government surplus assets, smaller consumer recreational transportation items and parts sold in our vehicle dismantling business until June 21, 2025, the date of its deconsolidation in connection with the LKQ SYNETIQ transaction described in Part II, Item 8: Financial Statements and Supplementary Data - Note 4 Loss on Deconsolidation and Recognition of Equity Method Investment.Business (Item 1)

Competitors

Copart, Inc.

competes with
We primarily compete with Copart, Inc. and several other independent used vehicle auction companies.Business (Item 1)

Manheim

competes with
In the non-salvage sale segment, we compete with Adesa, Manheim, ACV Auctions and other independent auctioneers offering online and live wholesale solutions.Business (Item 1)

ACV Auctions

competes with
In the non-salvage sale segment, we compete with Adesa, Manheim, ACV Auctions and other independent auctioneers offering online and live wholesale solutions.Business (Item 1)

Adesa

competes with
In the non-salvage sale segment, we compete with Adesa, Manheim, ACV Auctions and other independent auctioneers offering online and live wholesale solutions.Business (Item 1)

Places

United States

operates in · approximately 68%
We have a global presence, with operations primarily in the United States, Canada, Australia and across Europe, and employ approximately 8,000 full-time employees worldwide, of which approximately 68% are located in the United States.Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

Lower Duwamish Waterway Superfund Site

subject tonamed as a risk
Federal and state environmental authorities have investigated IAA’s role in contributing to contamination at the Lower Duwamish Waterway Superfund Site in Seattle, Washington and the role of one of IAA’s subsidiaries in contributing to the Pyrite Canyon Plume in Jurupa Valley, California.Risk factors (Item 1A)

Pyrite Canyon Plume

subject tonamed as a risk
Federal and state environmental authorities have investigated IAA’s role in contributing to contamination at the Lower Duwamish Waterway Superfund Site in Seattle, Washington and the role of one of IAA’s subsidiaries in contributing to the Pyrite Canyon Plume in Jurupa Valley, California.Risk factors (Item 1A)

Hazards

Hurricanes

named as a risk
In some instances, for example with the severe storm in September 2022 known as “Hurricane Ian”, these events may result in a sharp influx in the available supply of damaged and total loss vehicles and there can be no assurance that our business will have sufficient resources to handle such extreme increases in supply.Risk factors (Item 1A)

Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more

Mild weather

named as a risk
Accordingly, mild weather can have an adverse effect on our damaged and total loss vehicle inventories, which would be expected to have an adverse effect on our revenue and operating results and related growth rates.Risk factors (Item 1A)

Commodities and inputs

Canadian dollar

exposed to its price · approximately $125.6 millionnamed as a risk
Based on our exposures to foreign currency exchange rate risk at December 31, 2025, and assuming all other variables remain constant, a 10% change in the Canadian dollar, GBP and Euro against the U.S. dollar would have resulted in an additional foreign currency translation adjustment of approximately $125.6 million within other comprehensive income (loss).Market risk (Item 7A)

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

Non-U.S. dollar currencies

exposed to its price · 28%named as a risk
The proportion of revenues denominated in currencies other than the U.S. dollar in a given period may differ from the annual proportion for the year ended December 31, 2025, which was 28%, and depends on the size and location of auctions held during the period.Market risk (Item 7A)

Also named by WDFC, ZM, ZTS

Floating rate loans

exposed to its price · approximately $11.4 millionnamed as a risk
Based on amounts outstanding at December 31, 2025, and assuming all other variables remain constant, a hypothetical 100 bps change in interest rates would result in an increase/decrease of approximately $11.4 million in the pre-tax interest we accrue per annum.Market risk (Item 7A)

Steel

exposed to its pricenamed as a risk
Decreases in commodity prices, such as steel and platinum, may negatively affect vehicle values and demand at auctions.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Euro

exposed to its pricenamed as a risk
In particular, a significant portion of our revenues are earned, and expenses incurred, in the Canadian dollar and the Euro.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Fuel

exposed to its pricenamed as a risk
Significant increases in the cost of fuel, whether due to inflationary pressures, including as a result of tariffs, or otherwise, could lead to a reduction in miles driven per car and a reduction in accident rates.Risk factors (Item 1A)

Also named by ASO, CARR, COR, CPNG, CPRT, DDS, DKS, DY and 16 more

Used vehicle prices

exposed to its pricenamed as a risk
A sustained reduction in used-vehicle pricing could result in lower proceeds from the sale of damaged and total loss vehicles and a related reduction in revenue per vehicle, a potential loss of consignors and decreased profitability.Risk factors (Item 1A)

Also named by ALLY, KMX

Platinum

exposed to its pricenamed as a risk
Decreases in commodity prices, such as steel and platinum, may negatively affect vehicle values and demand at auctions.Risk factors (Item 1A)

Also named by LKQ

Used equipment market values

exposed to its pricenamed as a risk
Our revenues could decrease if there is significant erosion in the supply of, demand for, or market values of used equipment, which could adversely affect our financial condition and results of operations.Risk factors (Item 1A)

Regulators

Canada Revenue Agency (CRA)

subject to · C$79.1 million ($57.8 million)named as a risk
On December 3, 2024, the CRA issued the Company a Notice of Assessment and Statement of Interest for C$79.1 million ($57.8 million), for the taxation years 2010 through 2015, inclusive of C$37.7 million ($27.5 million) in income taxes, and C$41.4 million ($30.2 million) in interest and penalties.Risk factors (Item 1A)

Also named by BAM, HRB, LULU, PAA, QSR

Office of Foreign Assets Control (OFAC)

subject tonamed as a risk
Further, any action on the part of the U.S. Department of Commerce, OFAC or other applicable regulator against the company or any of our employees for potential violations of these laws could have a negative impact on our reputation, business, operating results and prospects.Risk factors (Item 1A)

Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more

U.S. Department of Transportation

subject to
Some of the transport vehicles used at our marketplaces are regulated by the U.S. Department of Transportation or similar regulatory agencies in the other countries in which we operate.Business (Item 1)

Also named by ACHR, AESI, ALK, BLDR, CHRW, CTAS, DAL, EXPE and 19 more

State motor vehicle departments

subject to
The acquisition and sale of totaled and recovered theft vehicles are regulated by state or other local motor vehicle departments in each of the locations in which we operate.Business (Item 1)

Also named by CPRT

Laws and programs

Credit Agreement

$1.0 billionnamed as a risk
•$1.0 billion under an amended credit agreement (the “Credit Agreement”) entered into in December 2016 with a syndicate of lenders;Risk factors (Item 1A)

Also named by CELH, COHR, EXE, GTX, IRM, MP, RRGB, STRL and 1 more

U.S. Foreign Corrupt Practices Act (FCPA)

subject tonamed as a risk
We face significant risks if we fail to comply with the FCPA, the CFPOA and other anti-corruption and anti-bribery laws that prohibit companies and their employees and third-party intermediaries from authorizing, offering or providing, directly or indirectly, improper payments or benefits to foreign government officials, political parties or candidates, employees of public international organizations, and private-sector recipients for the corrupt purpose of obtaining or retaining business, directing business to any person, or securing any advantage.Risk factors (Item 1A)

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

Tariffs

subject tonamed as a risk
Trade restrictions and export regulations, or increases in tariffs and additional taxes, including any retaliatory measures, could reduce participation from international bidders and consignors which could reduce GTV and harm our business, financial condition and results of operations.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

Export Administration Regulations (EAR)

subject tonamed as a risk
Our business operations may be subject to a number of federal and local laws, rules and regulations, including the Export Administration Regulations, or EAR, maintained by the U.S. Department of Commerce, economic and trade sanctions maintained by the U.S. Department of the Treasury’s Office of Foreign Assets Control, or OFAC, and similar laws and regulations in Canada, the UK and the EU.Risk factors (Item 1A)

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

U.S. environmental certification requirements for equipment

subject tonamed as a risk
One example of these restrictions is environmental certification requirements in the United States, which prevent non-certified equipment from entering into commerce in the United States.Risk factors (Item 1A)

Engine emission standards

subject tonamed as a risk
Climate- and weather-related initiatives, including significant changes to engine emission standards applicable to equipment, may also adversely affect the supply of demand for our market values of equipment.Risk factors (Item 1A)

Damaged and total loss vehicle import restrictions

subject tonamed as a risk
Changes in laws, regulations and treaties that restrict the importation of damaged and total loss vehicles into foreign countries may reduce the demand for damaged and total loss vehicles and impact our ability to maintain or increase IAA’s international buyer base.Risk factors (Item 1A)

Consumer Financial Protection Act of 2010

subject to
We are indirectly subject to the regulations of the Consumer Financial Protection Act of 2010 due to our vendor relationships with financial institutions.Business (Item 1)

Technology

Advanced driver-assistance systems (ADAS) and autonomous vehicles

named as a risk
•Changes in vehicle technology, an increase in autonomous vehicles and vehicles equipped with advanced driver-assistance systems (ADAS);Risk factors (Item 1A)