What companies told the SEC, and how we checked it

How each line is known

• Word for word A sentence quoted from the filing linked beside it. Before a page is built, every quotation is matched against the filing text; one that does not match is dropped, never shown. A figure in the row (a headcount, a charge, a deal price) is kept only if it sits inside that quotation.

• As filed A value the company reported in the financial data attached to its filings (XBRL), shown as filed and linked to the filing.

• Our summary The plain-English line above each quotation is ours. It is a summary, so the quotation beside it is the evidence.

How often the reading was wrong

We measured our reading on 46 annual reports across every sector. Before the word-for-word check, 100% of the quotations the main model returned from filing passages matched the filing exactly, and 99% of the faster model’s did. The check removes the rest. The checks cannot see what a reading misses: read twice, the same model found 80% of the competitors a full reading found, so a list may be short. It is never padded.

Latest build, 2026-11-01: 2,807 companies; 177,864 lines kept and 2,453 dropped by the checks.

What these pages are not

• Not news. A layoff a company announced but did not report to the SEC is not here, and companies file a restructuring notice (Form 8-K, Item 2.05) only for a cut they judge material.

• Not every subsidiary. Companies list their significant subsidiaries in Exhibit 21 and may leave out smaller ones.

• Not advice. No prices, no ratings, no recommendations.

Every company