PBI · CIK 0000078814

What Pitney Bowes, Inc. told the SEC could break it.

Pitney Bowes's disclosures center on its SendTech mailing-and-shipping business and the dependencies around it. Its ability to compete and offer those solutions profitably hinges on contractual relationships with the U.S. Postal Service and other carriers, so changes to how they contract with it or to postal rates and regulation could hurt results. On the supply side, it relies on third-party and in some cases single- or limited-sourced suppliers worldwide for SendTech components, parts and SaaS hosting, and recently increased U.S. and retaliatory tariffs have added cost to certain of those components, with continued uncertainty over future trade relationships.

3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.

In its own words

What could break it.

Regulatory & policy

import tariffs on SendTech product componentsmedium
Increased U.S. tariffs (and retaliatory foreign tariffs) have resulted in additional costs on certain components used in Pitney Bowes's SendTech products, with continued uncertainty about future U.S. trade relationships.
“In recent years, the United States increased tariffs for certain goods, which triggered other nations to also increase tariffs on certain of their goods. These increased tariffs resulted in additional costs on certain components used in SendTech products.”
SEC filing →As of 202650 others exposed to Tariffs →
dependence on USPS and carrier contractual relationshipsmedium
Pitney Bowes's ability to compete profitably in the U.S. shipping market and to offer SendTech solutions depends on contractual relationships with the U.S. Postal Service and other carriers; changes to how the USPS or carriers contract with Pitney Bowes (or postal-rate/regulatory changes) could adversely affect profitability.
“Our ability to compete in the shipping market in the United States depends upon certain contractual relationships we have with the USPS and other carriers, as well as their service. Our SendTech Solutions offerings depend upon certain contractual relationships with the USPS and other carriers to enable us to offer these services profitably.”
SEC filing →As of 2026

Sole-source dependency

single/limited-sourced suppliers for SendTech mailing equipmentmedium
Pitney Bowes's SendTech Solutions relies on third-party suppliers for services, components, spare parts and SaaS hosting, and in certain instances on single-sourced or limited-sourced suppliers worldwide due to quality, price or lack of alternative sources — leaving it vulnerable to supplier disruption.
“In certain instances, we rely on single-sourced or limited-sourced suppliers around the world because of advantages in quality, price or lack of alternative sources.”
SEC filing →As of 2026

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What Pitney Bowes, Inc. told the SEC could break it.

3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.

What could break it.

Regulatory & policy

import tariffs on SendTech product componentsmedium
Increased U.S. tariffs (and retaliatory foreign tariffs) have resulted in additional costs on certain components used in Pitney Bowes's SendTech products, with continued uncertainty about future U.S. trade relationships.
“In recent years, the United States increased tariffs for certain goods, which triggered other nations to also increase tariffs on certain of their goods. These increased tariffs resulted in additional costs on certain components used in SendTech products.”
SEC filing →As of 202650 others exposed to Tariffs →
dependence on USPS and carrier contractual relationshipsmedium
Pitney Bowes's ability to compete profitably in the U.S. shipping market and to offer SendTech solutions depends on contractual relationships with the U.S. Postal Service and other carriers; changes to how the USPS or carriers contract with Pitney Bowes (or postal-rate/regulatory changes) could adversely affect profitability.
“Our ability to compete in the shipping market in the United States depends upon certain contractual relationships we have with the USPS and other carriers, as well as their service. Our SendTech Solutions offerings depend upon certain contractual relationships with the USPS and other carriers to enable us to offer these services profitably.”
SEC filing →As of 2026

Sole-source dependency

single/limited-sourced suppliers for SendTech mailing equipmentmedium
Pitney Bowes's SendTech Solutions relies on third-party suppliers for services, components, spare parts and SaaS hosting, and in certain instances on single-sourced or limited-sourced suppliers worldwide due to quality, price or lack of alternative sources — leaving it vulnerable to supplier disruption.
“In certain instances, we rely on single-sourced or limited-sourced suppliers around the world because of advantages in quality, price or lack of alternative sources.”
SEC filing →As of 2026