Shopify's 10-K/A lands while the stock sits near a 52-week low
Shopify filed an amended annual report on April 29 covering fiscal year 2025, arriving as the stock trades well below every major moving average and down more than a third year-to-date.
Filing Summaries
Notes that pull the important parts of SEC filings into context for covered companies and ETF wrappers.
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MSFT's March quarter: Azure holds, but the risk-factor rewrite tells a different story
Microsoft's April 2026 10-Q lands with ceiling-level filing risk and event momentum scores, and a risk-factor section that has been meaningfully rewritten since last year.
META's Q1 10-Q: AI spending accelerates while the risk-factor rewrite signals a harder regulatory environment ahead
META's April 30 quarterly filing shows the company leaning harder into AI capital expenditure while its risk-factor changes point to a disclosure posture that has shifted meaningfully from a year ago.
RIOT's Q1 10-Q: hashrate economics meet a $1.07 billion Bitcoin position
RIOT's first-quarter filing shows $167 million in revenue, a Bitcoin treasury valued at $1.07 billion as of March 31, and a risk-factor section that has been meaningfully rewritten since last year.
Alphabet's Q1 2026 10-Q: $109.9 billion in revenue and a risk-factor rewrite that tracks the AI stakes
Alphabet's first-quarter filing shows record revenue and a materially updated risk-factor section that reflects how much the AI investment cycle has changed the company's disclosure posture.
META raises $25 billion in a single debt offering. That is a big number even for Meta.
Meta Platforms closed a six-tranche senior note offering on May 4, locking in long-dated fixed-rate debt at rates that tell you something about where the company thinks rates are going.
Shopify's Q1 2026: $3.17 billion in revenue, a stock down a third, and a margin story that still needs to close
Shopify filed its Q1 2026 10-Q with $3.17 billion in revenue, but the equity has shed more than a third of its value year-to-date as investors wait for platform investment to convert into durable margin expansion.
HUT's Q1 10-Q: revenue holds while the risk-factor rewrite signals a bigger story
HUT filed its March 2026 10-Q on May 6, and the disclosure pattern around risk factors and filing cadence tells a more interesting story than the headline revenue number.
FBTC's 10-Q is a wrapper filing, and the macro backdrop is the real story
Fidelity's spot Bitcoin ETF filed its March quarter 10-Q on May 6, and the filing's thin disclosure footprint puts the focus squarely on Bitcoin price dynamics and the fear-dominated sentiment backdrop.
Core Scientific closes $3.3 billion debt deal and retires its bridge loan in one move
CORZ completed a private offering of senior secured notes at 7.750%, used the proceeds to wipe out its bridge facility, and handed the parent company a distribution.
CORZ's Q1 10-Q: fleet scale and power contracts carry the story
Core Scientific filed its March 31 quarterly report with $115 million in revenue and a disclosure profile that keeps both its Filing Risk Score and Event Momentum at the ceiling.
Strategy's Q1 10-Q: the treasury position holds, the disclosure cadence keeps climbing
Strategy's May 6 quarterly filing shows a Bitcoin treasury position with aggregate fair market value of $64.04 billion as of April 26, while the company's disclosure intensity stays at the ceiling.
IBIT's 10-Q captures a wrapper under pressure from its own success
BlackRock's spot Bitcoin ETF filed its March 2026 quarterly report as the fund sits well below its 52-week high, with risk-factor changes and a fear-dominated sentiment backdrop framing the read.
Coinbase's Q1 10-Q: $1.41 billion in revenue and a risk-factor rewrite that tracks the regulatory shift
COIN's first-quarter filing shows strong top-line momentum alongside the most substantive risk-factor changes in two annual cycles.
WULF's Q1 10-Q: power strategy meets a ceiling test
TeraWulf's first-quarter filing shows $34 million in revenue and a disclosure cadence that keeps the filing risk signal at maximum intensity.
ARKB's May 10-Q lands while sentiment runs cold and the 90-day recovery holds
ARK 21Shares Bitcoin ETF filed its quarterly report on May 8, and the disclosure pattern sits against a backdrop of fear-regime sentiment and a short-term price recovery that has not yet closed the year-to-date gap.
IREN's 10-Q arrives with ceiling-level filing risk and a stock that has already moved
IREN filed its March 2026 quarterly report on May 8, and the disclosure cadence that pushed its Filing Risk Score to 100 now meets a stock up more than 500% over the past year.
TeraWulf's May 8-K lands with ceiling-level filing risk and a thin disclosure
WULF filed a results-of-operations 8-K on May 8, but the document's boilerplate-heavy disclosure leaves the key miner metrics unresolved.
Galaxy Digital's Q1 10-Q: $10 billion in revenue and a filing-risk profile that demands a closer read
GLXY's March 2026 quarterly report lands with a ceiling-level filing-risk signal and revenue that dwarfs most crypto-financial-services peers.
BITF's Q1 10-Q: revenue holds while the stock has already moved
Bitfarms filed its Q1 2026 10-Q on May 11, and the numbers land against a stock that has more than doubled in three months.
CleanSpark's March quarter: fleet growth meets a Bitcoin price gap
CLSK's May 10-Q shows a Bitcoin treasury position valued at $813 million at quarter-end prices that have since moved materially higher, making the next filing's fair-value mark the number to watch.
MARA's Q1 10-Q: revenue holds, the Bitcoin treasury dominates, and risk factors keep shifting
MARA's first-quarter filing shows $174.6 million in revenue against a Bitcoin treasury disclosed at $2.41 billion fair value, with risk-factor language continuing to evolve alongside the company's dual identity as miner and treasury holder.
IREN raises $3 billion in convertible notes, the largest single debt transaction in its history
The May 14 offering closed at full size including the overallotment option, putting $2.96 billion in net proceeds on IREN's balance sheet and a new $3 billion senior unsecured obligation on its books.
ServiceNow raises $4 billion in a five-tranche note offering
NOW closed a $4 billion debt offering on May 15, spanning maturities from 2028 to 2056, adding a direct financial obligation that investors need to read against the company's subscription growth story.