What are the main concerns in AMAZON COM INC's latest SEC filing?

The analysis identified 2 key concerns: Intense Competition (high); Regulatory and Geopolitical Risks (high).

What are the top risks for AMAZON COM INC (AMZN)?

The top risks identified in the 10-K filing are: Intense Competition, Regulatory and Geopolitical Risks, Supply Chain and Supplier Dependence. The company faces significant risks from intense competition across its diverse business segments and substantial regulatory and geopolitical challenges in its international operations. Supply chain vulnerabilities, particularly related to critical components, also pose a high risk.

AMZN - Comprehensive Filing Intelligence

FY 2025•10-K•Filed Feb 6, 2026

6.0/10

Filing Health:GOOD

Solid fundamentals with minor concerns to monitor

Executive Summary

Revenue growth accelerated to 12% in 2025, driven by broad-based increases in unit sales, advertising, and subscriptions, with AWS showing particularly strong performance.. Operating income saw an increase, but was impacted by significant one-time charges including a $2.5 billion FTC settlement and $2.7 billion in severance costs.. AWS revenue growth remains strong at 19%

Top Concerns

!Intense Competition (high)
!Regulatory and Geopolitical Risks (high)

Top Positives

+Revenue growth accelerated to 12% in 2025, driven by broad-based increases in unit sales, advertising, and subscriptions, with AWS showing particularly strong performance.

Analysis Dimensions

Our 5-pass AI analysis examines this filing across multiple dimensions. Each dimension score is derived from direct analysis of SEC filing text.

Narrative Intelligence

7.0/10

Management tone is confidently optimistic with focus on increased product and shipping costs resulting from increased sales.

Full analysis includes: tone changes vs prior quarter, margin driver breakdown, forward guidance analysis, strategic priorities.

Accounting Quality

8.0/10

Earnings quality shows moderate accounting practices.

Full analysis includes: reserve and allowance changes, non-recurring item analysis, stock-based compensation impact, disclosure concerns.

Hidden Liabilities

Off-balance sheet risk is low.

Full analysis includes: cloud and purchase commitments, VIE/SPE exposure, covenant compliance status, refinancing risk assessment.

Risk Landscape

2.0/10

Overall risk profile shows intense competition as primary concern.

Full analysis includes: 8 risk categories with severity, new vs escalated risks, management response assessment, risk trend analysis.

Segment Performance

7.0/10

Segment health analysis shows AWS as strongest performer while International lags.

Full analysis includes: segment-by-segment revenue breakdown, geographic concentration risk, customer concentration analysis, segment margin trends.