优利系统 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934 For the fiscal year ended December31, 2025or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period fromto.Commission file number 1-8729 UNISYS CORPORATION (Exact name of registrant as specified in its charter) Delaware(State or other jurisdiction ofincorporation or organization) 38-0387840(I.R.S. EmployerIdentification No.) 801 Lakeview Drive, Suite 100Blue Bell, Pennsylvania 19422(Address of principal executive offices and zip code)(215) 986-4011(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b) of the Act: Securities registered pursuant to Section12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☐Yes☒No Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.☐Yes☒No Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Non-accelerated filer Smallerreportingcompany If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C.7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).☐Yes☒No Aggregate market value of the voting and non-voting common equity held by non-affiliates as of the last business day of theregistrant’s most recently completed second fiscal quarter: approximately $300.4 million. The amount shown is based on the closing price of Unisys Common Stock as reported on the New York Stock Exchange compositetape on June30, 2025. Voting stock beneficially held by officers and directors is not included in the computation. However, UnisysCorporation has not determined that such individuals are “affiliates” within the meaning of Rule 405 under the Securities Act of 1933. Number of shares of Unisys Common Stock, par value $.01, outstanding as of January31, 2026: 71,312,019 DOCUMENTS INCORPORATED BY REFERENCE Portions of Unisys Corporation’s Definitive Proxy Statement for the 2026 Annual Meeting of Stockholders are incorporated byreference into Part III hereof. Table of Contents Item 1.Business6Information About Our Executive Officers15Item 1A.Risk Factors17Item 1B.Unresolved Staff Comments28Item 1C.Cybersecurity28Item 2.Properties30Item 3.Legal Proceedings30Item 4.Mine Safety Disclosures30 Information Concerning Forward-Looking Statements Certain statements contained in this Annual Report on Form 10-K, including, without limitation, statements as to managementexpectations, assumptions and beliefs presented in Part I, Item 1. “Business,” Part I, Item 3. “Legal Proceedings,” Part II, Item 7.“Management's Discussion and Analysis of Financial Condition and Results of Operations,” Part II, Item 7A. “Quantitative andQualitative Disclosures About Market Risk,” and in the notes to the financial statements are forward-looking statements within t