This technical report presents an analysis of the print security landscape as of 2025, focusing on the evolving threats posed by advanced multifunction printers (MFPs) and the implications of mixed fleet environments. It outlines the vulnerabilities associated with older legacy print devices, which lack modern security features, and highlights the increased risks faced by organizations operating multi-vendor fleets. The report details findings from a survey of 400 IT decision-makers, revealing that 59% operate mixed fleets, leading to heightened security concerns. It also documents the significant decrease in print-related data losses, from 67% in 2024 to 56% in 2025, while emphasizing the critical need for robust identity and access management frameworks. The report further discusses the rising concerns regarding AI and quantum computing threats, with 40% of respondents expressing high levels of concern. Additionally, it notes the expected increase in print security spending and the varied implementation of security measures across organizations, underscoring the importance of comprehensive print security strategies.