U.S. COMPANY FILING
ADOBE INC. — Form 10-K filed 2026-01-15
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Adobe's FY2025 10-K reports total revenue of $23.77B, up 11% YoY, with ARR reaching $25.2B, up 11.5%. Net income rose 28% to $7.13B, and operating cash flow increased 25% to $10.03B. Both Digital Media and Digital Experience segments grew. The company announced the acquisition of Semrush for ~$1.9B cash, expected to close in H1 FY2026. Risks include macroeconomic conditions, cybersecurity, and regulatory changes.
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