Oracle (ORCL) Financial History

Macroeconomic developments such as the global or regional economic effects resulting from elevated inflation and interest rates, limited liquidity, adverse developments affecting financial institutions, the current wa…

•

of which are beyond our control, including, among others: speculation in the press, social media and the analyst community; changes in recommendations or earnings-related estimates by financial analysts; changes in in…

Should we incur future increases in interest expense, our ability to utilize certain of our foreign tax credits to reduce our U.S.

We have been refinancing portions of our outstanding debt as it matures, and we may continue to do so in the future.

In addition, we incur foreign currency transaction gains and losses, primarily related to sublicense fees and other intercompany agreements among us and our subsidiaries that we expect to cash settle in the near term,…

In addition, we hold a portfolio of marketable and non-marketable debt and equity investments.

Our operations can be difficult for us to predict because our quarterly results of operations may fluctuate significantly based on a number of factors.

There is increased pressure on governments and their agencies, both domestically and internationally, to reduce spending as governments continue to face significant deficit reduction pressures.

Governmental entities are variously pursuing policies that affect our ability to sell our products and services.

Complying with healthcare industry regulations globally is expensive and could subject us to unanticipated and significant delays or disruption to availability of our health products/services.

•

•

The healthcare industry is highly regulated, and thus, we are subject to several laws, regulations and industry initiatives, non-compliance with certain of which could adversely affect our healthcare business.

•

•

Our international sales and operations and global customer base subject us to additional risks, including trade restrictions, export controls and sanctions, that can adversely affect our operating results.

Our future income tax provisions and effective tax rate could materially increase as a result of tax changes such as those discussed above or if any other changes are made to applicable tax laws and rules in the U.S.

We may be subjected to increased taxes due to changes in U.S.

Following the European Union (EU)’s General Data Protection Regulation (GDPR), the rate of global consideration and adoption of privacy laws has increased, giving rise to more global jurisdictions in which regulatory…

Our business practices with respect to data could give rise to operational interruption, liabilities or reputational harm as a result of governmental regulation, legal requirements or industry standards relating to pr…

Our products operate in conjunction with and are dependent on a wide variety of third-party products, components and services.

Because the techniques used to obtain unauthorized access to, or sabotage IT systems, constantly evolve, grow more complex over time, and often are not detected until launched against a target, we may be unable to ant…

and may suffer substantial damage to our brand and reputation.

We are subject to business, financial and reputational risks related to cybersecurity incidents and data breaches.

Acquisitions, joint ventures and strategic alliances present many risks and we may not achieve the financial and strategic goals that were contemplated at the time of a transaction.

Our general compensation program includes restricted stock units (RSUs), stock options and performance-based equity, which are important tools in attracting and retaining employees in our industry.

We may lose key employees or may be unable to hire enough qualified employees.

These types of restructurings have resulted, and may in the future result, in increased restructuring costs and reduced productivity.

We outsource most of our manufacturing, assembly, delivery and technology of, and certain component designs for, our hardware products to a variety of companies, many of which are located outside the U.S.

Supply chain shortages have in some instances resulted in increases to the costs of production of our hardware products that we may not be able to pass on to our customers.

Our AI products may not operate as anticipated, which could adversely affect our reputation, revenues and profitability.

In addition, our profitability and revenues could be adversely impacted if we lose one or more of our key customers for any reason, including as a result of any of the factors discussed above, or if one or more of our…

•

•

•

•

We operate in rapidly changing economic and technological environments that present numerous risks, many of which are driven by factors that we cannot control or predict.

Macroeconomic developments such as the global or regional economic effects resulting from elevated inflation and interest rates, limited liquidity, adverse developments affecting financial institutions, the current wa…

business operations, generate sufficient cash flows to service such debt and the other factors discussed in this Risk Factors section.

There are risks associated with our outstanding and future indebtedness.

On March 19, 2025, SoftBank Group Corp.

Governmental entities are variously pursuing policies that affect our ability to sell our products and services.

Changes to sanctions or export control regulations in the U.S.

Other countries also continue to consider changes to their tax laws that could negatively affect us by increasing taxes imposed on our international revenue streams, operations and cross-border transactions, including…

Countries around the world continually consider and make changes to relevant tax, accounting and other laws, treaties, regulations, guidance and interpretations.

ability of our customers, partners and data providers, to collect, augment, analyze, use, transfer (including across national borders) and share personal and other information that is integral to certain services we p…

•

Our periodic workforce restructurings and reorganizations can be disruptive.

If we are unable to secure data center capacity at affordable rates or do not accurately plan for and manage our infrastructure capacity requirements, our profitability may decline.

recoup our investments in AI and our business and reputation may be harmed.

•

Our business is influenced by a range of factors that are beyond our control and that we have no comparative advantage in forecasting.

Economic, political and market conditions can adversely affect our business, results of operations and financial condition, including our revenue growth and profitability, which in turn could adversely affect our stoc…

Our common stock ranks junior to our Mandatory Convertible Preferred Stock with respect to the payment of dividends and amounts payable in the event of our liquidation, winding-up or dissolution.

The ATM Program, the Mandatory Convertible Preferred Stock or our depositary shares may adversely affect the market price of our common stock, and we cannot guarantee that our ATM Program will be fully implemented.

Conversion of our Mandatory Convertible Preferred Stock (and our depositary shares), or the payment of dividends on Mandatory Convertible Preferred Stock in shares of common stock, or the issuance of shares of our com…

Our stock price could become more volatile and your investment could lose value.

Risks Related to Our Common and Preferred Stock

If our accounting estimates and judgments turn out to be inaccurate, our future financial results could fall short of expectations, which could have a material adverse effect on our stock price.

There are risks associated with our outstanding and future indebtedness.

All of these factors can from time to time materially impact our results of operations, financial position and cash flows.

Our sales to local, state, federal and foreign government customers expose us to business volatility and risks, including government budgeting cycles and appropriations, government shutdowns, procurement regulations,…

The healthcare industry is regularly subject to negative publicity, including as a result of governmental investigations, adverse media coverage and political debate concerning industry regulation.

•

•

•

Changes to sanctions or export control regulations or their enforcement in the U.S.

actions against us, our officers or our employees, and prohibitions on the conduct of our business, including disgorgement, the loss of trade privileges, and other remedial measures.

The U.S.

operate.

When a cyberattack or other security event or incident results in unauthorized access to, or modification, loss, destruction or exfiltration of, our customers’ or suppliers’ data, other external data, our own data or…

Data Privacy, Cybersecurity and Intellectual Property Risks

•

•

Our periodic workforce restructurings and reorganizations can be disruptive.

require retrofits or other incremental capital expenditures, and physical damage to data centers or key energy infrastructure from natural disasters, geopolitical events, terrorist events or other catastrophic events…

We also rely on third-party suppliers to provide equipment and components required to outfit these data centers on a timely basis.

In addition, we depend on third parties to develop and deliver certain data center capacity and related infrastructure, and their inability to obtain financing, complete construction on schedule or manage construction…

Our data center expansion depends on access to suitable, permitted build sites; reliable and predictable power sources; networking hardware; and server availability, including graphics processing units, memory devices…

otherwise perform under their contracts with us, we could be locked into multi-year commitments for excess data center space and related capital expenditures, as well as associated financings, without receiving corres…

If we are unable to secure data center capacity at affordable rates or do not accurately plan for and manage our infrastructure capacity requirements, our profitability may decline.

Jurisdictions around the world are developing and passing new regulations that apply specifically to the use of AI.

AI technologies are rapidly changing and present evolving legal, regulatory and ethical issues, including claims of bias, discrimination, a perceived lack of transparency, as well as sometimes unpredictable behaviors…

continue to invest significant resources to develop and support our AI products, we may fall behind technological developments and evolving industry standards, which would likewise harm our ability to compete.

•

•

•

•

•

•

•

Risks Related to our Common and Preferred Stock

•

•

•

•

•

•

•