ResMed
36 named things its latest annual report says its results depend on, each in the company's own words. 25 of them are also named by other companies we've read.
Customers
HME providers
earns fromnamed as a riskIn addition, HME providers have experienced price pressures as government and third-party reimbursement has declined for home healthcare products, and HME providers are requiring price discounts and longer periods of time to pay for products purchased from us.Risk factors (Item 1A)
Suppliers
Other companies
MatrixCare
$490 millionnamed as a riskOn June 30, 2026, we entered into a definitive agreement to sell our MatrixCare business for $490 million in an all-cash transaction, subject to certain closing adjustments.Business (Item 1)
Noctrix Health
named as a riskIf more restrictive coverage is implemented, our Noctrix revenues could be reduced.Risk factors (Item 1A)
Competitors
Philips
competes withnamed as a riskThe reintroduction of products by Philips could lead to reduced demand for our products.Risk factors (Item 1A)
Also named by PROF
Places
Rest of World (outside U.S.)
earns from · approximately 37%named as a riskSales in Rest of World regions accounted for approximately 37% and 36% of our net revenues in the years ended June 30, 2026 and June 30, 2025, respectively.Risk factors (Item 1A)
Singapore
operates innamed as a riskWe have significant foreign currency exposure through our Australian and Singapore manufacturing activities and our international sales operations.Market risk (Item 7A)
Also named by A, AAPL, ALAB, AMAT, ANET, APP, AVGO, DLR and 12 more
Sydney, Australia
operates innamed as a riskFor example, if a natural disaster strikes our manufacturing facilities, such as those in Sydney, Australia and Singapore which are vulnerable to such events, we may be unable to manufacture our products for a substantial amount of time and our sales and profitability may decline.Risk factors (Item 1A)
Germany
earns fromIn Germany and Korea, we receive payments directly from these payors.Business (Item 1)
Also named by APO, AXGN, BF/B, CPRT, DASH, EBAY, GD, GDDY and 12 more
Suzhou, China
operates inThe principal factory for our Curative-branded products is in Suzhou, China.Business (Item 1)
Also named by IEX
Commodities and inputs
Euro
exposed to its price · $1,094,379 thousand USD/EUR contract amountnamed as a riskThe purpose of this hedging program is to economically manage the financial impact of foreign currency exposures denominated mainly in Euros, and Australian and Singapore dollars.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
Australian Dollar
exposed to its pricenamed as a riskFluctuations in the rate of exchange between the U.S. dollar and foreign currencies, primarily the Australian Dollar, Singapore Dollar, Euro, Chinese Yuan, and Canadian Dollar, have had and could in the future have an adverse effect on our financial results, including our net sales, margins, gains and losses, as well as on the values of our assets and liabilities.Risk factors (Item 1A)
Also named by ADBE, BEN, BF/B, BTU, CSGP, EEFT, EZPW, GPC and 13 more
Semiconductor chips
depends onnamed as a riskResmed's supply chain may be impacted by periodic transport disruptions and supply constraints on certain raw materials and electronic components, including semiconductor chips and magnets.Business (Item 1)
Magnets
depends onnamed as a riskBecause these magnets are integral to various assemblies used in our products, any sustained disruption could require us to absorb higher costs, qualify alternative sources or materials, redesign components, build strategic inventory, or adjust production schedules, each of which could delay deliveries, compress margins, and erode our competitive position.Risk factors (Item 1A)
Regulators
U.S. Food and Drug Administration (FDA)
subject tonamed as a riskProduct sales, introductions or modifications may be delayed or canceled as a result of FDA regulations or similar foreign regulations, which could cause our sales and profits to decline.Risk factors (Item 1A)
Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more
Australian Taxation Office
subject tonamed as a riskWe are currently under audit by the Australian Taxation Office, or the ATO, for the 2018 tax year.Risk factors (Item 1A)
Also named by TEAM
U.S. Department of Veterans Affairs sleep apnea disability ratings
subject tonamed as a riskThe VA has not yet finalized these proposed revisions, and the current rating criteria remains in effect, but should this proposal, or another similar proposal to limit disability ratings be adopted, fewer veterans may pursue treatment of sleep apnea using CPAP or more veterans would claim ineffective treatment with CPAP to obtain a higher rating.Risk factors (Item 1A)
Agency for Healthcare Research and Quality (AHRQ)
named as a riskIn October 2022, the AHRQ concluded that randomized controlled clinical trials do not provide sufficient evidence that CPAP affects long-term clinically important outcomes.Risk factors (Item 1A)
Laws and programs
One Big Beautiful Bill Act
subject to · $930 billion over ten yearsnamed as a riskOn July 4, 2025, President Trump signed into law the One Big Beautiful Bill Act (the Bill), which among other things, cuts federal Medicaid funding by $930 billion over ten years but provides reimbursement rate increases for providers.Business (Item 1)
Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more
Medicare Sequestration
subject to · 2%named as a riskMedicare claims with dates-of-service or dates-of-discharge on or after July 1, 2022 and effective until further notice, incur a 2% reduction in Medicare payment, known as Medicare Sequestration Payment Reductions.Risk factors (Item 1A)
VirtuOx Corporate Integrity Agreement with OIG
subject to · $3 millionnamed as a riskVirtuOx will be under the CIA through 2027 and any failure to comply with its obligations under the CIA could result in monetary penalties and exclusion from participating in federal healthcare programs.Risk factors (Item 1A)
Medicare
earns fromnamed as a riskAny reduction in reimbursement from Medicare or other government programs may result in a similar reduction in payments from private payors.Business (Item 1)
Also named by ABT, ARWR, AXGN, BAX, BDX, BMY, BSX, CAH and 48 more
U.S. tariffs
subject tonamed as a riskThe current impact of global tariffs is dynamic, however, new or increased tariffs, reciprocal tariffs, or other disruptions to global trade could have a material impact on our business and financial results through interruption of supply chains, increases in our costs or reduction in the availability of key inputs as our suppliers deal with an uncertain global trade environment, increases in transportation costs, or disruption of global shipping.Business (Item 1)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
OECD Pillar Two
subject tonamed as a riskWe have assessed the impact of the laws in effect as of June 30, 2026, and the Pillar Two minimum tax had a material impact on our income tax expense and cash flows during the fiscal year ended June 30, 2026 and may continue to impact our effective tax rate in fiscal year 2027.Risk factors (Item 1A)
Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more
Medicaid
earns fromnamed as a riskFuture legislative and other governmental actions to curb this projected spending could include stricter eligibility requirements and more restrictive Medicaid programs at the state level, leaving fewer individuals eligible for coverage, which could have an adverse impact on the number of individuals who seek to use our products and services.Risk factors (Item 1A)
Also named by ABBV, ABT, ARE, ARWR, BAX, BMY, BSX, CHE and 39 more
HIPAA
subject tonamed as a riskBoth Noctrix and VirtuOx are covered entities under HIPAA and are required to comply in all respects with the Privacy Rule, Security Rule, Breach Notification Rule, and Electronic Standard Transactions Rule.Risk factors (Item 1A)
Also named by AFL, BAX, BBSI, CI, DHR, DOC, DOCN, DOCU and 19 more
Uyghur Forced Labor Prevention Act
subject tonamed as a riskWhile we are not presently aware of any direct impacts these restrictions have had on our suppliers’ supply chains, disruptions resulting from conflicts in Iran and Ukraine and the UFLPA may materially and negatively impact our suppliers’ ability to obtain a sufficient supply of raw materials necessary to meet the quantity and/or timing of our product demands.Risk factors (Item 1A)
Also named by AMRC, ANET, ASO, CROX, DDS, FND, FSLR, LULU and 7 more
EU Medical Device Regulation (MDR)
subject tonamed as a riskIn the European Union, we are required to maintain certain ISO certifications and comply with the Medical Device Regulation (MDR) in order to sell our products and must undergo periodic inspections by notified bodies to obtain and maintain these certifications.Risk factors (Item 1A)
Also named by ABBV, BAX, BDX, BSX, CAH, COO, DXCM, EW and 4 more
Stark Law
subject tonamed as a riskAccordingly, the Stark Law is a strict liability statute with which we must comply with respect to our Noctrix operations.Risk factors (Item 1A)
China rare earth export controls
depends onnamed as a riskIn particular, export controls and other trade restrictions on rare earth materials from China could limit the availability and increase the cost of key inputs in our supply chain.Risk factors (Item 1A)
Federal Anti-Kickback Statute
subject tonamed as a riskThese laws include but are not limited to the federal Anti-Kickback Statute, the Stark Law, the federal civil and criminal False Claims Acts, the Civil Monetary Penalty Law’s beneficiary inducement prohibition, and their state law equivalents.Risk factors (Item 1A)
FDA Quality Management System Regulation (QMSR)
subject tonamed as a riskIn February 2026, the FDA implemented the Quality Management System Regulation (QMSR), which replaces the prior FDA Quality System Regulation in setting forth the current good manufacturing practice (cGMP) requirements for medical devices, and incorporates ISO 13485 into U.S. law.Risk factors (Item 1A)
Also named by PROF
EU GDPR
subject tonamed as a riskFailure to comply with the requirements of GDPR and the applicable national data protection and marketing laws of the EEA member states may result in fines of up to €20 million or up to 4% of the total worldwide annual turnover of the preceding financial year, whichever is higher, and other administrative penalties as well as individual claims for compensation.Risk factors (Item 1A)
Also named by LH
DMEPOS Competitive Bidding Program
subject tonamed as a riskThe implementation of the competitive bidding program has resulted in reduced Medicare payment for CPAP and respiratory assist devices, and related supplies and accessories in both competitive bidding areas and non-competitive bidding areas.Business (Item 1)
CMS NIPPV National Coverage Determination for COPD
subject tonamed as a riskThe extent to which these national coverage criteria and associated operational requirements will affect providers, suppliers, utilization of these products, or reimbursement by other third-party payors remains uncertain.Risk factors (Item 1A)