EMBC on Nasdaq

Embecta Corp.

Embecta Corp. is an American surgical and medical instruments and apparatus company.2 It is headquartered in Wilmington, United States.2 Its shares trade on Nasdaq under the symbol EMBC.2

Price unavailable

Last updated Oct 20, 2026.

Overview

$1.1BRevenue, fiscal 20253
$95.4MNet income, fiscal 20253

Compare with AbioMed, Tandem Diabetes Care, Inc. or NuVasive, or pick any stock.

  • TickerEMBC on Nasdaq2
  • IndustrySurgical & Medical Instruments & Apparatus2
  • HeadquartersWilmington, United States2
  • Incorporated inDE4
  • Business address300 Kimball Drive, Suite 300, Parsippany, Nj 070544
  • Filer categoryLarge accelerated filer4
  • Legal formCorporation2
  • LEI549300RPG8GXVDHNXZ622
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 60665562

Embecta Corp. (also referred to herein as "Embecta") is a leading global medical device company, primarily focused on providing solutions to improve the health and well-being of people living with diabetes. All references in this Form 10-K to "Embecta", "the Company", "we", "our" or "us" refer to Embecta Corp., a Delaware corporation, and its subsidiaries, unless otherwise indicated by the context.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

62.6%Gross margin3
22.4%Operating margin3
8.8%Net margin3
-3.8%Revenue growth, 20253
$182.4MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Pen Needles brought in 73% of the revenue Embecta Corp. broke down this way in fiscal 2025.

  1. Pen Needles$784.1M373%down 7% from 2024
  2. Safety$137.8M313%up 6% from 2024
  3. Syringes$124.6M312%down 1% from 2024
  4. Manufacturing Facility$19.9M32%up 55% from 2024
  5. Product and Service, Other$14.0M31%up 36% from 2024
Products and services by year
Products and services202320242025
Pen Needles$829.2M$844.4M$784.1M
Safety$126.3M$129.4M$137.8M
Syringes$138.1M$126.2M$124.6M
Manufacturing Facility$13.0M$12.8M$19.9M
Product and Service, Other$14.2M$10.3M$14.0M

Regions

United States brought in 54% of the revenue Embecta Corp. broke down this way in fiscal 2025.

  1. United States$579.1M354%down 5% from 2024
  2. Outside the United States$501.3M346%down 3% from 2024
Regions by year
Regions202320242025
United States$601.4M$607.2M$579.1M
Outside the United States$519.4M$515.9M$501.3M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue37¢$403.6M
  • Research and development3¢$37.3M
  • Selling, general and admin31¢$332.0M
  • Other costs16¢$171.2M
  • Income tax4¢$40.9M
  • Profit9¢$95.4M

Out of $1.1B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending5¢$9.3M
  • Dividends paid18¢$35.0M
  • Kept or used elsewhere77¢$147.4M

Out of $191.7M of cash from operations.3

Financial statements

Revenue7893$1.1B in 2025−0% since 2020
0$500.0M$1.0B$1.5B2020: $1.1B$1.1B20202021: $1.2B$1.2B2021+7%2022: $1.1B$1.1B2022−3%2023: $1.1B$1.1B2023−1%2024: $1.1B$1.1B2024+0%2025: $1.1B$1.1B2025−4%
Gross profit7893$676.8M in 2025−11% since 2020
0$250.0M$500.0M$750.0M$1.0B2020: $762.6M$762.6M20202021: $800.4M$800.4M2021+5%2022: $774.9M$774.9M2022−3%2023: $749.9M$749.9M2023−3%2024: $735.2M$735.2M2024−2%2025: $676.8M$676.8M2025−8%
Operating income7893$242.1M in 2025−50% since 2020
0$200.0M$400.0M$600.0M2020: $486.5M$486.5M20202021: $492.0M$492.0M2021+1%2022: $309.6M$309.6M2022−37%2023: $221.5M$221.5M2023−28%2024: $166.8M$166.8M2024−25%2025: $242.1M$242.1M2025+45%
Net income7893$95.4M in 2025−78% since 2020
0$200.0M$400.0M$600.0M2020: $427.6M$427.6M20202021: $414.8M$414.8M2021−3%2022: $223.6M$223.6M2022−46%2023: $70.4M$70.4M2023−69%2024: $78.3M$78.3M2024+11%2025: $95.4M$95.4M2025+22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-09-302024-09-302023-09-30
Revenues$1.1B$1.1B$1.1B
Cost of products sold$403.6M$387.9M$370.9M
Gross Profit$676.8M$735.2M$749.9M
Selling and administrative expense$332.0M$365.1M$341.3M
Research and development expense$37.3M$78.8M$85.2M
Impairment expense$0$0$2.5M
Other operating expenses$65.4M$124.5M$99.4M
Total Operating Expenses$434.7M$568.4M$528.4M
Operating Income$242.1M$166.8M$221.5M
Interest expense, net-$107.3M-$112.3M-$107.0M
Other income (expense), net$1.5M-$10.3M-$8.8M
Income Before Income Taxes$136.3M$44.2M$105.7M
Income tax provision (benefit)$40.9M-$34.1M$35.3M
Net Income$95.4M$78.3M$70.4M
Basic (in dollars per share)$1.64$1.36$1.23
Diluted (in dollars per share)$1.62$1.34$1.22

Compare Embecta Corp. with another company

Corporate structure

Embecta Corp. sits at the top of its group. 49 entities, 43 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Embecta Corp.

  • AMERICAN CENTURY INVESTMENT MANAGEMENT INC Filed SCHEDULE 13G/A on Embecta Corp., latest Aug 14, 2026 (8 filings since Jan 9, 2023)
  • BlackRock Filed SCHEDULE 13G/A on Embecta Corp., latest Jul 8, 2026
  • River Road Asset Management, LLC Filed SCHEDULE 13G/A on Embecta Corp., latest May 27, 2026 (2 filings since Jan 30, 2024)
  • YACKTMAN ASSET MANAGEMENT LP Filed SCHEDULE 13G on Embecta Corp., latest May 5, 2026
  • VANGUARD CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G on Embecta Corp., latest Apr 29, 2026
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Embecta Corp., latest Mar 26, 2026 (6 filings since May 10, 2022)
  • James E. Flynn Filed SCHEDULE 13G/A on Embecta Corp., latest May 13, 2025 (2 filings since Oct 25, 2024)
  • INTEGRATED CORE STRATEGIES (US) LLC Filed SC 13G/A on Embecta Corp., latest Nov 7, 2024 (3 filings since Sep 13, 2023)
  • T. Rowe Price Investment Management, Inc. Filed SC 13G/A on Embecta Corp., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • FMR LLC Filed SC 13G/A on Embecta Corp., latest Feb 9, 2024 (2 filings since Feb 9, 2023)
  • State Street Corporation Filed SC 13G/A on Embecta Corp., latest Jan 23, 2024 (4 filings since Nov 10, 2022)
  • Embecta Corp. Wilmington, Delaware, United States
    • embecta (Thailand) Ltd. Subsidiary · Thailand
    • embecta Arabia Limited Co. Subsidiary · Saudi Arabia
    • embecta Argentina S.R.L. Subsidiary · Argentina
    • embecta Australia Pty Ltd Subsidiary · Australia
    • embecta Austria GmbH Subsidiary · Austria
    • embecta Belgium BV Subsidiary · Belgium
    • embecta Brasil Ltda. Subsidiary · Brazil
    • Embecta Canada Co. Subsidiary · Canada
    • embecta Colombia S.A.S. Subsidiary · Colombia
    • embecta Denmark ApS Subsidiary · Denmark
    • embecta Finland Oy Subsidiary · Finland
    • embecta France Subsidiary · France
    • embecta G.K. Subsidiary · Japan
    • embecta Hong Kong Limited Subsidiary · Hong Kong
    • embecta India Private Limited Subsidiary · India
    • embecta Italy S.r.l. Subsidiary · Italy
    • embecta Luxembourg II S.à r.l. Subsidiary · Luxembourg
    • embecta Malaysia Sdn. Bhd. Subsidiary · Malaysia
    • embecta Medical Devices (Shanghai) Co., Ltd. Subsidiary · China
    • embecta Medical Devices (Shanghai) Co., Ltd. Beijing Branch Subsidiary · China
    • embecta Medical Devices (Shanghai) Co., Ltd. Pudong Branch Subsidiary · China
    • embecta Medical Devices (Suzhou) Co., Ltd. Subsidiary · China
    • embecta Medical Spain, S.L. Subsidiary · Spain
    • embecta Mexico, S. de R.L. de C.V. Subsidiary · Mexico
    • embecta Netherlands B.V. Subsidiary · Netherlands
    • and 23 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Embecta Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Finance-lease assets$28.3M3 Sep 30, 2025$30.8M3 Sep 30, 2024−8.1%
Operating-lease assets (leased space)$20.2M3 Sep 30, 2025$22.6M3 Sep 30, 2024−10.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$225.5M3 Sep 30, 2025$267.5M3 Sep 30, 2024−15.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$15.4M3 Sep 30, 2025$15.6M3 Sep 30, 2024−1.3%
Finite-lived intangibles, net$7.0M3 Sep 30, 2025$8.1M3 Sep 30, 2024−13.6%

Inventory

ItemLatestA year beforeChange
Inventory, total$178.6M3 Sep 30, 2025$171.5M3 Sep 30, 2024+4.1%
Work in process$11.7M3 Sep 30, 2025$4.8M3 Sep 30, 2024+143.8%
Finished goods$116.9M3 Sep 30, 2025$126.3M3 Sep 30, 2024−7.4%

Properties, in its own words

Embecta's corporate headquarters is located in Parsippany, New Jersey, USA. The Company also maintains secondary regional headquarters at leased office facilities in Eysins, Switzerland, Shanghai, China and Singapore. Embecta has three manufacturing facilities located in Ireland, the United States, and China which occupy an aggregate of approximately 800,000 square feet of space.

Item 2 of the 10-K filed Nov 25, 2025.6

Leadership

Who has led Embecta Corp., and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Jacob Elguicze2022–now
2025
Board members and other officers (17)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Embecta Canada Co. Canada5
  • embecta (Thailand) Ltd. Thailand5
  • embecta Arabia Limited Co. Saudi Arabia5
  • embecta Argentina S.R.L. Argentina5
  • embecta Australia Pty Ltd Australia (Victoria)5
  • embecta Austria GmbH Austria5
  • embecta Belgium BV Belgium5
  • embecta Brasil Ltda. Brazil5
  • embecta Colombia S.A.S. Colombia5
  • embecta Denmark ApS Denmark5
  • embecta Finland Oy Finland5
  • embecta France France (Paris)5
  • embecta G.K. Japan (Tokyo)5
  • embecta GmbH Germany (Heidelberg)5
  • embecta Hong Kong Limited Hong Kong5
  • embecta India Private Limited India5
  • embecta Italy S.r.l. Italy5
  • embecta Luxembourg II S.à r.l. Luxembourg5
  • embecta Malaysia Sdn. Bhd. Malaysia5
  • embecta Medical Devices (Shanghai) Co., Ltd. China (Shanghai)5
  • embecta Medical Devices (Shanghai) Co., Ltd. Beijing Branch China (Beijing)5
  • embecta Medical Devices (Shanghai) Co., Ltd. Pudong Branch China (Pudong)5
  • embecta Medical Devices (Suzhou) Co., Ltd. China5
  • embecta Medical Spain, S.L. Spain5
All 49 listed subsidiaries
  • embecta Mexico, S. de R.L. de C.V. Mexico5
  • embecta Netherlands B.V. Netherlands (Amsterdam)5
  • embecta Netherlands B.V. - Belgian Branch Belgium5
  • embecta Netherlands B.V. – Representative Office United Arab Emirates5
  • embecta New Zealand Limited New Zealand5
  • embecta Norway AS Norway5
  • embecta Penel Ltd. Cayman Islands5
  • embecta Penel Ltd. Irish Branch Ireland5
  • embecta Peru S.R.L. Peru5
  • embecta Philippines, Inc. Philippines5
  • embecta Poland sp. z o.o. Poland5
  • embecta Portugal, Unipessoal Lda Portugal5
  • embecta Rus Limited Liability Company Russia5
  • embecta Singapore Pte. Ltd. Singapore5
  • embecta Singapore Pte. Ltd. Taiwan Branch Taiwan5
  • embecta Singapore Pte. Ltd., Indonesia Foreign Trading Representative Office Indonesia5
  • embecta South Africa Proprietary Limited South Africa5
  • embecta Sweden AB Sweden5
  • embecta Switzerland Holdings Sàrl Switzerland (Vaud)5
  • embecta Switzerland Sàrl Switzerland (Vaud)5
  • embecta Turkey Medikal Ürün ve Cihazlar İthalat İhracat Satış Pazarlama ve Dağıtım Limited Şirketi Turkey5
  • embecta U.K. Limited United Kingdom5
  • embecta U.K. Limited Irish Branch Ireland5
  • embecta Uruguay SRL Uruguay5
  • embecta Vietnam Co., Ltd. Vietnam5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Berra Newco, Inc.Jul 15, 2021 to Sep 3, 20214

Timeline

  1. Aug 7, 20268-K Results of operations32
  2. Jul 31, 20268-K Financial statements and exhibits33
  3. May 15, 20268-K Completed an acquisition or sale; Regulation FD disclosure34
  4. May 5, 20268-K Results of operations35
  5. Mar 20, 20268-K Entered a material agreement; Regulation FD disclosure36
  6. Feb 13, 20268-K Shareholder vote37
  7. Feb 5, 20268-K Results of operations38
  8. Nov 25, 20258-K Results of operations39
  9. Nov 17, 20258-K Executive or director change40
  10. Aug 8, 20258-K Results of operations41
  11. May 22, 20258-K Regulation FD disclosure42
  12. May 9, 20258-K Results of operations43
  13. Feb 10, 2022New chief executive Devdatt Kurdikar becomes CEO13
  14. Jul 8, 2021Founded Embecta Corp. is founded2

Calendar

Coming up

  1. Nov 24, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.50 a share, on Nov 25, 2025.44

When it reported results

  1. Aug 7, 2026Reported quarterly or annual results32
  2. May 5, 2026Reported quarterly or annual results35
  3. Feb 5, 2026Reported quarterly or annual results38
  4. Nov 25, 2025Reported quarterly or annual results39
  5. Aug 8, 2025Reported quarterly or annual results41
  6. May 9, 2025Reported quarterly or annual results43
  7. Feb 6, 2025Reported quarterly or annual results45
  8. Nov 26, 2024Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

257 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 39 major events, 130 insider forms, 36 large holders, 32 other. The latest 20:

  1. Sep 8, 20264 EDGAR
  2. Sep 4, 2026144 EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 13, 20264 EDGAR
  5. Aug 13, 20264 EDGAR
  6. Aug 13, 20264 EDGAR
  7. Aug 13, 20264 EDGAR
  8. Aug 11, 20264 EDGAR
  9. Aug 7, 202610-Q EDGAR
  10. Aug 7, 20268-K EDGAR
  11. Aug 7, 2026S-8 REGISTRATION STATEMENT EDGAR
  12. Jul 31, 20268-K/A EDGAR
  13. Jul 8, 2026SCHEDULE 13G/A EDGAR
  14. Jun 2, 20264 EDGAR
  15. May 27, 2026SCHEDULE 13G/A EDGAR
  16. May 22, 2026SD EDGAR
  17. May 15, 20268-K CURRENT REPORT EDGAR
  18. May 5, 202610-Q EDGAR
  19. May 5, 20268-K EDGAR
  20. May 5, 2026SCHEDULE 13G EDGAR

The 257 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

15 open-market trades by officers, directors and large owners since October 2021: 13 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 4, 2026Morris Milton MayoDirectorSale6,293$5.88$37.0KForm 4
Aug 12, 2026Kurdikar DevdattPresident and CEOBuy30,000$4.70$141.0KForm 4
Aug 12, 2026Elguicze JacobSVP and CFOBuy20,000$4.67$93.4KForm 4
Aug 12, 2026Mann Jeffrey ZPres, Pharm Svc&Prod Mgmt, CLOBuy20,000$4.99$99.8KForm 4
Aug 12, 2026HOMBACH ROBERT J.DirectorBuy45,000$4.97$223.7KForm 4
May 23, 2025Melcher David FDirectorBuy10,000$10.60$106.0KForm 4
Feb 25, 2025Melcher David FDirectorBuy13,000$13.67$177.7KForm 4
Feb 13, 2025Morris Milton MayoDirectorSale3,100$16.38$50.8KForm 4
Feb 12, 2024Melcher David FDirectorBuy2,000$16.25$32.5KForm 4
Sep 8, 2023Melcher David FDirectorBuy6,233$15.77$98.3KForm 4
Aug 10, 2023Kurdikar DevdattPresident and CEOBuy5,000$21.81$109.0KForm 4
Aug 10, 2023Mann Jeffrey ZPres, Pharm Svc&Prod Mgmt, CLOBuy4,700$21.67$101.8KForm 4
Aug 10, 2023Elguicze JacobSVP and CFOBuy4,625$21.66$100.2KForm 4
Feb 15, 2023Melcher David FDirectorBuy3,100$32.93$102.1KForm 4
Feb 15, 2023Melcher David FDirectorBuy3,100$32.51$100.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dev KurdikarDirector, Chief Executive Officer and President57$976.9K$9.4M58
2025Jake ElguiczeSenior Vice President and Chief Financial Officer$603.1K$3.5M58
2025Jeff MannSenior Vice President, General Counsel and Product Development$600.8K$3.0M58
2025Shaun CurtisSenior Vice President, Global Manufacturing, Supply Chain and Quality$580.4K$2.1M58
2025Jean CasnerSenior Vice President, Chief Human Resources Officer$480.4K$1.7M58
2024Dev KurdikarDirector, Chief Executive Officer and President57$894.2K$8.6M58
2024Jake ElguiczeSenior Vice President and Chief Financial Officer$557.2K$3.1M58
2024Jeff MannSenior Vice President, General Counsel and Product Development$553.4K$2.6M58
2024Shaun CurtisSenior Vice President, Global Manufacturing, Supply Chain and Quality$504.5K$1.7M58
2024Jean CasnerSenior Vice President, Chief Human Resources Officer$455.8K$1.3M58
2023Dev KurdikarDirector, Chief Executive Officer and President57$863.5K$7.5M58
2023Jake ElguiczeSenior Vice President and Chief Financial Officer$528.8K$2.6M58
2023Jeff MannSenior Vice President, General Counsel and Product Development$528.8K$2.2M58
2023Shaun CurtisSenior Vice President, Global Manufacturing, Supply Chain and Quality$459.4K$1.5M58

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,599,771$15.0M0.0%−4,567,441
Yacktman Asset Management LP4,315,952$14.1M0.2%+644,075
Vanguard Capital Management LLC2,557,148$8.3M0.0%−6,803
Deerfield Management Company, L.P.2,534,961$8.3M0.1%No change
Jefferies Financial Group Inc.2,355,117$7.7M0.1%−45
Ameriprise Financial Inc2,038,731$6.6M0.0%+1,239,043
Morgan Stanley1,996,747$6.5M0.0%+1,386,943
State Street Corp1,610,666$5.3M0.0%−935,307
Geode Capital Management, LLC1,594,457$5.2M0.0%+128,810
Brigade Capital Management, LP1,516,453$4.9M5.7%New
Goldman Sachs Group Inc1,162,041$3.8M0.0%+413,586
Vanguard Portfolio Management LLC1,098,389$3.6M0.0%−439,568
Charles Schwab Investment Management Inc1,069,786$3.5M0.0%−122,247
Jacobs Levy Equity Management, Inc1,027,514$3.3M0.0%New
Aqr Capital Management LLC976,587$3.2M0.0%+644,984
Millennium Management LLC945,968$3.1M0.0%−648,177
UBS Group AG829,099$2.7M0.0%+399,049
D. E. Shaw & Co., Inc.650,070$2.1M0.0%+117,742
Royce & Associates LP639,378$2.1M0.0%+575,818
Bank of New York Mellon Corp581,480$1.9M0.0%−242,307
Northern Trust Corp558,886$1.8M0.0%−63,038
Allianz Asset Management GmbH527,109$1.7M0.0%+190,178
Atom Investors LP500,470$1.6M0.1%+455,280
Vanguard Global Advisers, LLC485,170$1.6M0.0%+304,791
Citadel Advisors LLC446,091$1.5M0.0%+54,272

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Embecta Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREmbecta Corp.1
  • CIK0001872789
  • Employer ID (EIN)87-15839426
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsSeptember 301
  • Industry code (SIC)3841 Surgical & Medical Instruments & Apparatus1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address300 Kimball Drive, Suite 300, Parsippany, NJ 070541
  • Phone86240100001
  • Shares outstanding56,659,599 as of Jul 31, 202612
  • Public float$732.0M as of Mar 31, 20256
  • AuditorERNST & YOUNG LLP, New York, New York PCAOB ID 42; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceJul 15, 20211
  • Filings262 in all: 4 (99), 8-K (38), 3 (20), 10-Q (15), SC 13G/A (14), SCHEDULE 13G/A (11), SC 13G (10), 4/A (9)1
    All 29 form types

    DEFA14A (5), 10-K (4), DEF 14A (4), SD (4), UPLOAD (4), ARS (3), CORRESP (3), S-8 (3), 144 (2), 3/A (2), SCHEDULE 13G (2), 10-12B (1), 10-12B/A (1), 10-K/A (1), 8-K/A (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), NT 10-K (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Nov 25, 2025
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Dec 18, 2025
    Latest 8-K (8-K) Aug 7, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.01 per shareEMBCThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Nov 25, 2025 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks Embecta Corp. names in Item 1A of its 10-K filed Nov 25, 2025: 50 risks under these headings, as written.6

  • Risks Related to Embecta’s Business
  • Risks Related to the Separation and Distribution from BD
  • Risks Related to Embecta’s Common Stock
  • The medical technology industry is very competitive.
  • Embecta generates a significant amount of its profits and cash flows from a few key products, and any events that adversely affect the sale or profitability of these products could have an adverse impact on Embecta’s sales, results of operations and cash flows.
  • Technological breakthroughs in diabetes treatment or prevention may reduce demand for Embecta’s products.
  • Embecta obtains components, services and raw materials for its products from third parties, including BD. These third parties may fail to perform under their agreements with Embecta, or there may be a reduction, interruption, or termination in the manufacturing and supply of these components and raw materials. Any such failure to perform or a reduction, interruption, or termination in supply could have a material adverse effect on Embecta’s business and operations.
  • Embecta may experience difficulties and delays in the manufacturing of its products or sterilization operations, and any such difficulties and delays could adversely affect Embecta’s business.
  • A substantial portion of Embecta’s revenue is derived from sales to a few customers. If these customers reduce the amount of product that they purchase from Embecta, reduce the amount that they are willing to pay for such products or increase charges to distribute such products, Embecta’s business, financial condition and results of operations could be adversely affected.
  • Embecta’s products are subject to continuous reimbursement, coverage and access scrutiny by both private and government payers, including the scope of products covered, access and coverage among product brands and manufacturers, reimbursement limitations and price adjustment restrictions. A change in any of these factors could have an adverse impact on Embecta’s financial condition and results of operations.
  • Embecta may enter into strategic collaborations, in-licensing arrangements or alliances with third parties that may not result in the development of commercially viable products or the generation of revenue.
  • Embecta’s sales and marketing efforts rely upon independent distributors that are free to market products that compete with Embecta’s products, and if Embecta is unable to maintain or expand its network of independent distributors, its business could be materially adversely affected.
The other 41 risks
  • Embecta’s future growth is dependent in part upon the development of new products, and there can be no assurance that such products will be developed or be successful.
  • Embecta’s failure to maintain strong relationships with physicians and other healthcare professionals could adversely affect its business.
  • Embecta may not be able to successfully execute its acquisition strategy, which could adversely affect its financial condition and results of operations.
  • Embecta’s international operations subject it to certain business risks.
  • Trade actions, such as tariffs, retaliatory tariffs, and private or governmental "buy local" initiatives could adversely and unexpectedly impact our business.
  • If the third parties on which Embecta relies to conduct its clinical trials and to assist it with pre-clinical development do not perform as contractually required or expected, or if market or clinical or other studies are unfavorable to its products in development, Embecta may not be able to obtain regulatory clearance or approval or commercialize its products.
  • Embecta’s business and operations are subject to risks related to climate change.
  • Embecta's business could be negatively impacted by evolving regulations, policies and expectations relating to ESG initiatives, setting related goals, collecting data and disclosing related information.
  • Foreign currency exchange rate, inflation, commodity price, energy and oil prices and supply, and interest rate fluctuations may adversely affect Embecta’s financial condition and results of operations.
  • Fluctuations in Embecta’s effective tax rate and changes to tax laws may adversely affect it.
  • If Embecta fails to protect its intellectual property or proprietary technology, such failure could adversely affect its business and results of operations.
  • Embecta’s products or processes may infringe the intellectual property rights of others, which may cause Embecta to pay unexpected litigation costs, damages, or settlement fees (including royalties) or prevent Embecta from selling its products.
  • Breaches of Embecta’s Information Systems and cyberattacks aimed at accessing Embecta’s devices, products and services or related devices, products and services could have a material adverse effect on its operations.
  • Embecta needs to attract and retain key employees to be competitive.
  • Embecta’s business may be adversely affected by work stoppages, union negotiations and labor disputes.
  • Embecta is subject to extensive regulation.
  • Healthcare reform may have a material adverse effect on Embecta’s financial condition and results of operations.
  • Certain modifications to Embecta’s products may require new 510(k) clearances or other marketing authorizations and may require Embecta to recall or cease marketing its products.
  • Embecta may be subject to enforcement actions if it engages in improper marketing or promotion of its products.
  • Changes in government funding for the FDA and other government agencies could affect their ability to obtain and retain key resources and personnel, properly administer medical device innovation, or prevent Embecta’s products from being developed or commercialized in a timely manner or otherwise prevent those agencies from performing routine business functions on which the operation of Embecta’s business relies, which could adversely affect its business.
  • Embecta is subject to complex and evolving laws and regulations regarding privacy and data protection, many of which are subject to change and uncertain interpretation, which could result in claims, changes to its business practices, penalties, increased cost of operations or declines in user growth or engagement, or otherwise adversely affect its business.
  • A disruption at one of Embecta's facilities could adversely affect our business and operating results.
  • Insurance coverage may be inadequate or unavailable to cover any product liability losses Embecta incurs.
  • Embecta is subject to a number of restrictive covenants under its indebtedness, including customary operating restrictions and financial covenants, which could restrict Embecta's ability to pay dividends or adversely affect its financing options and liquidity position.
  • Embecta is subject to risks associated with public health threats, such as pandemics, which could have a material adverse effect on Embecta's financial condition and results of operation.
  • Risks Related to the Separation from BD
  • Embecta has a limited history of operating as an independent company, and its historical financial information may not be a reliable indicator of its future results.
  • Since the Separation, Embecta’s financial profile has changed, and it is a smaller, less diversified company than BD prior to the Separation.
  • Embecta may not achieve some or all of the expected benefits of the Separation.
  • Following the end of the transition period, Embecta will be required to rebrand its products to remove the BD name, transfer or obtain new manufacturing, supply chain, regulatory and product licenses and registrations in the name of Embecta, which could adversely affect its ability to attract and maintain customers and end users or which could result in delays or interruptions of Embecta's commercialization and distribution operations or the loss of customers and revenue, all of which could adversely affect its financial condition and results of operations.
  • Embecta has incurred debt obligations that could adversely affect its business and profitability and its ability to meet other obligations.
  • Embecta may be affected by significant restrictions under the tax matters agreement, in order to avoid triggering significant tax-related liabilities.
  • Embecta may be held liable to BD if it fails to perform under its agreements with BD, and the performance of such services may negatively affect Embecta’s business and operations.
  • Embecta’s agreements with BD may be on terms that are less beneficial to Embecta than the terms may have otherwise been from unaffiliated third parties.
  • If there is a determination that the distribution or certain related transactions are taxable for United States federal income tax purposes, BD and its stockholders could incur significant tax liabilities, and Embecta could incur significant liabilities pursuant to its indemnification obligations under the tax matters agreement.
  • The transfer to Embecta of certain contracts, permits and other assets and rights may require the consents, approvals of, or provide other rights to, third parties and governmental authorities. If such consents or approvals are not obtained, Embecta may not be entitled to the full benefit of such contracts, permits and other assets and rights, which could increase its expenses or otherwise harm its business and financial performance.
  • Satisfaction of indemnification obligations could have a material adverse effect on Embecta’s financial condition, results of operations and cash flows.
  • Risks Related to Embecta Common Stock
  • The price of Embecta common stock may fluctuate significantly, and stockholders could lose all or part of their investment in Embecta.
  • Your percentage of ownership in Embecta may be diluted in the future.
  • Embecta cannot guarantee the timing, amount or payment of dividends on its common stock.
  • Anti-takeover provisions could enable Embecta’s Board of Directors to resist a takeover attempt by a third-party and limit the power of its stockholders.
  • Embecta’s amended and restated certificate of incorporation designates the state courts within the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by Embecta stockholders, which could discourage lawsuits against Embecta and its directors and officers.

Legal proceedings

We are from time to time subject to claims and litigation arising in the ordinary course of business. These claims and litigation may include, among other things, allegations of violations of United States and foreign health regulation and privacy laws and related regulations, as well as claims or litigation relating to product liability, intellectual property, breach of contract and tort, environmental, securities and employment matters. We operate in multiple jurisdictions and, as a result, claims in one jurisdiction may lead to claims or regulatory penalties in other jurisdictions. There can be no assurance as to the ultimate outcome of a legal proceeding; however, we intend to defend vigorously against any pending or future claims and litigation, other than matters deemed appropriate for settlement. We accrue a liability for legal claims when payments associated with the claims become probable and the costs can be reasonably estimated. The actual costs of

resolving legal claims may be substantially higher or lower than the amounts accrued for those claims. As of September 30, 2025, we were not a party to or subject to any material proceedings.

The opening of Item 3, Legal Proceedings.6

Sources

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