KO - Comprehensive Filing Intelligence
FY 2025•10-K•Filed Feb 20, 2026
4.0/10
Filing Health:CAUTION
Notable concerns that warrant closer review
Executive Summary
The company faced foreign currency exchange losses in 2025 and 2024, impacting operating income.. Management actively monitors economic and political environments in international operations to adopt responsive strategies.. A substantial tax dispute with the IRS poses a significant potential liability of up to $14 billion for tax years 2010-2025, in addition to $6 billion already paid for prior years.. North America Segment revenue increased by 3.79% to $19,586M.
Top Concerns
- !Significant impairment charge ($960M) on BodyArmor trademark due to revised projections and higher discount rates, raising questions about initial valuation or forecasting accuracy.
- !Large impairment charge ($1,274M) on assets held for sale in Nigeria, driven by foreign currency translation adjustments and estimated proceeds.
- !A substantial tax dispute with the IRS poses a significant potential liability of up to $14 billion for tax years 2010-2025, in addition to $6 billion already paid for prior years.
- !The company has contingent liabilities related to guarantees of third-party indebtedness totaling $786 million.
- !Cybersecurity and Data Privacy (high)
Top Positives
- +An impairment charge of $960 million was recorded in Q4 2025 related to the BodyArmor trademark due to revised performance projections and macroeconomic factors.
- +The company continues to invest in its brand portfolio, strategic capabilities, and people to support future growth.
- +The company maintains a confident tone, emphasizing investment in brands, capabilities, and people for future growth, despite operating in a competitive environment.