Roper Technologies (ROP): what its 10-K says it depends on

Customers

U.S. government entities

earns fromnamed as a risk

In many situations, government entities can unilaterally terminate or modify existing contracts without cause and without penalty to the government agency, and government contracts may be subject to specialized compliance obligations, audits, investigations, and bid processes that can delay awards and increase costs.Risk factors (Item 1A)

Also named by ADBE, FFIV, IOT, IQV

Suppliers

Sole source suppliers

depends onnamed as a risk

In addition, some of our products are provided by sole source suppliers and our SaaS offerings are increasingly reliant on a limited number of third-party cloud computing platforms, and transitioning to alternative suppliers or platforms may require significant time, redesign, and capital investment, or may not be feasible for certain products or services.Risk factors (Item 1A)

Also named by AVAV, AYI, BA, BDX, HII, IONQ, KMB, LHX and 6 more

Partners and platforms

Amazon Web Services

depends onnamed as a risk

We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems.Risk factors (Item 1A)

Also named by AAON, ABNB, ADSK, AIOT, BLK, CARR, CG, COF and 56 more

Microsoft Azure

depends onnamed as a risk

We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems.Risk factors (Item 1A)

Also named by AIOT, AKAM, BLK, DDOG, DOCN, DOCU, EXTR, FFIV and 14 more

Google

depends onnamed as a risk

We rely on third-party AI platforms and services, including proprietary and open-source large language models and other AI technologies provided by companies such as OpenAI, Anthropic, Google, and Microsoft.Risk factors (Item 1A)

Also named by ABNB, AES, APP, BKNG, CSGP, CTSH, DOCU, ETSY and 14 more

Microsoft

depends onnamed as a risk

We rely on third-party AI platforms and services, including proprietary and open-source large language models and other AI technologies provided by companies such as OpenAI, Anthropic, Google, and Microsoft.Risk factors (Item 1A)

Also named by AAOI, AAON, AES, AJG, AMD, BLK, CDW, CEG and 13 more

Google Cloud Platform

depends onnamed as a risk

We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems.Risk factors (Item 1A)

Also named by CRWV, DDOG, DOCN, EXTR, FFIV, INTU, MDB, MELI and 5 more

OpenAI

depends onnamed as a risk

We rely on third-party AI platforms and services, including proprietary and open-source large language models and other AI technologies provided by companies such as OpenAI, Anthropic, Google, and Microsoft.Risk factors (Item 1A)

Also named by AMD, COMP, CRWV, HOOD, MRNA, MSFT, NVDA, NYT and 3 more

Anthropic

depends onnamed as a risk

We rely on third-party AI platforms and services, including proprietary and open-source large language models and other AI technologies provided by companies such as OpenAI, Anthropic, Google, and Microsoft.Risk factors (Item 1A)

Also named by AMZN, VEEV, ZM

Oracle Cloud

depends onnamed as a risk

We rely on business partners such as third-party data centers and cloud platforms, such as Amazon Web Services, Google Cloud Platform, Microsoft Azure, and Oracle Cloud to host certain enterprise and customer systems.Risk factors (Item 1A)

Also named by ORCL, ZM

Other companies

Indicor

approximately $79.6named as a risk

A hypothetical 10% decrease in the fair value of our equity investment in Indicor based on the balance at December 31, 2025 would result in a non-cash charge within non-operating income of approximately $79.6.Market risk (Item 7A)

CentralReach

approximately $1,850

In 2025, this included approximately $1,850 for the acquisition of CentralReach, a leading provider of Software-as-a-Service (“SaaS”) and AI-enabled solutions for applied behavior analysis (“ABA”) therapy clinicians, and approximately $800 for the acquisition of Subsplash, a leading provider of AI-enabled SaaS, and integrated giving solutions, for faith-based organizations.Business (Item 1)

Clayton, Dubilier & Rice, LLC (CD&R)

named as a risk

As a result, our ability to realize the ultimate anticipated benefits of the transaction depends upon the operation and management of Indicor by CD&R and the Indicor management team.Risk factors (Item 1A)

Places

International (outside U.S.)

earns from · 13% of our net revenuesnamed as a risk

For the year ended December 31, 2025, 13% of our net revenues were generated from customers outside of the U.S. and 9% of our long-lived assets, excluding goodwill and other intangibles, were attributable to operations outside of the U.S.Risk factors (Item 1A)

Also named by DDOG, MDB, MSI, OKTA, SNOW, TWLO

Commodities and inputs

British pound, Canadian dollar, euro

exposed to its price · approximately 9% of our total net revenuesnamed as a risk

Net revenues recognized by our companies whose functional currency is not the U.S. dollar were approximately 9% of our total net revenues in 2025 and approximately 88% of these net revenues were recognized by our companies with a functional currency that is either the British pound, Canadian dollar, or euro.Market risk (Item 7A)

Regulators

U.S. Food and Drug Administration (FDA)

subject tonamed as a risk

FDA product approvals may be withdrawn or suspended if compliance with regulatory standards is not maintained or if problems occur following initial marketing.Business (Item 1)

Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more

Laws and programs

General Data Protection Regulation (GDPR)

subject to · up to 4% of global annual revenuenamed as a risk

GDPR provides significant penalties for non-compliance (up to 4% of global annual revenue) and EU data protection authorities have already issued significant fines.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

California Consumer Privacy Act (CCPA)

subject tonamed as a risk

Changes to the CCPA which became effective in 2023 have added to the processing restrictions and notifications requirements – particularly when companies engage in online advertising.Business (Item 1)

Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more

EU AI Act

subject tonamed as a risk

The EU AI Act classifies AI systems by risk level and may prohibit certain high-risk applications, requiring significant change to product design, documentation, governance processes, and risk management practices to achieve compliance.Risk factors (Item 1A)

Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more

EU Data Act

subject tonamed as a risk

Cloud-based solutions may be subject to further regulations, such as the EU Data Act, including data localization requirements, restrictions on long-term contracts, and other restrictions limiting the international transfer of data.Risk factors (Item 1A)

Also named by ADBE, CSGP, DDOG, IOT, KVYO, MSFT, NET, NOW and 6 more

Hart-Scott-Rodino Act

subject tonamed as a risk

There are no assurances, however, that we will be able to successfully identify suitable candidates, negotiate appropriate terms, obtain financing on acceptable terms, complete proposed acquisitions, receive the necessary regulatory approvals (including clearance under the Hart-Scott-Rodino Act in the U.S. and similar antitrust regulations in foreign countries), successfully integrate acquired businesses, or expand into new markets.Risk factors (Item 1A)

Also named by BKH, SYY

U.S. tariffs on China, Canada, Mexico, and the UK

subject tonamed as a risk

The results of elections, geopolitical events and tensions, and wars and other military conflicts (such as the ongoing conflicts in Ukraine and the Middle East) in these markets have in the past impacted and could continue to impact how existing laws, regulations and government programs or policies are implemented or result in uncertainty as to how such laws, regulations, programs or policies may change, including with respect to the negotiation of new trade agreements, new, expanded or retaliatory tariffs against certain countries or covering certain products or materials (including recent U.S. tariffs imposed or threatened to be imposed on China, Canada, Mexico, the UK, and other countries and any retaliatory actions taken by such countries).Risk factors (Item 1A)

Health Insurance Portability and Accountability Act (HIPAA)

subject to

We are also subject to a variety of federal, state, and foreign laws which broadly relate to our interactions with healthcare practitioners and other participants in the healthcare system, including, among others, anti-kickback law, and laws regulating the confidentiality of sensitive personal information and the circumstances under which such information may be released and/or collected, such as the Health Insurance Portability and Accountability Act of 1996, or HIPAA, the Health Information Technology for Economic and Clinical Health Act, or HITECH Act, and the GDPR.Business (Item 1)

Also named by ADI, BBY, BR, BWIN, CART, CTSH, DGX, IQV and 8 more

U.S. Export Administration Regulations, ITAR and OFAC sanctions

subject to

In particular, our sales activities must comply with restrictions relating to the export of controlled technology and sales to denied or sanctioned parties contained in the U.S. Export Administration Regulations, U.S. International Traffic in Arms Regulations (ITAR), and sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC).Business (Item 1)