10-K · latest 8
What Otis's 10-K filings say
- SEC EDGAR
10-K · FY2025
Filed · Fiscal year ends 12/31 · 12 signals
Otis invested $197M in R&D and digital initiatives in 2025
$197M
Combined R&D ($152M) and digital/strategic initiatives ($45M) expense for 2025
1.4%
Combined R&D and digital/strategic initiatives as a percentage of net sales
software
Otis names KONE, Schindler Group, and TK Elevator as its major global competitors.
Otis explicitly identifies KONE, Schindler, and TK Elevator as its primary global rivals in both new equipment and service segments.
KONE OyjSchindler GroupTK Elevator
In its highly profitable Service segment, Otis faces intense competition from thousands of smaller, independent providers who service half the market's units.
50%
service units portfolio held by independent service providers
Otis plans to expand its Otis ONE cloud-based IoT platform in 2026
With 1.1 million units already connected to its IoT platform as of year-end 2025, the planned expansion in 2026 will require further investment in cloud infrastructure, data processing, and connectivity solutions to support growth.
IoTcloud
Otis fully acquired its Otis Electric joint venture in China in October 2025
By purchasing all remaining shares, Otis consolidated its ownership of the Otis Electric JV.
A major pain point for Otis is the fragmented service market, where independent providers manage approximately 50% of all service units.
50%
of service units held by independent service providers
independent service providers
Otis is focused on growing its service portfolio by winning contracts from competitors.
As part of its digital transformation, Otis is actively focusing its engineering talent on software development, user interface design, and user experience.
software
Showing 8 of 12 filing signals. The Signal API returns all of them.
Get them with one API callSignal API · MCP
Track Otis with the Signal API
One POST /v1/companies/enrich call with otis.com returns Otis 10-K signals (sec-10k), each with its source. Or ask Claude through MCP.
2 credits per signal returned; zero-result calls are free. Endpoint reference
curl -X POST https://signals.autobound.ai/v1/companies/enrich \
-H "X-API-KEY: $AUTOBOUND_API_KEY" \
-H "Content-Type: application/json" \
-d '{"domain":"otis.com","signal_types":["sec-10k"],"limit":20}'Same industry
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Questions about Otis 10-K
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Source. Annual reports (Form 10-K) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .