The Buried
Footnote Forensic Linguistics Analysis
on Corporate Disclosure Documents
Year-over-Year Drift AUPH
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Certainty language minus hedging language in Risk Factors. Positive = assertive, negative = hedging-heavy.

10-K 2022-02-28 10-K 2023-02-28 10-K 2024-02-15 10-K 2025-02-27 10-K 2026-02-26

From 2022-02-28 (10-K) to 2026-02-26 (10-K), this metric decreased across 5 filings.


Risk-factor drift item_1a vs prior same-form filing, cosine similarity

  • 10-K 2026-02-26 vs 2025-02-27 97.8% boilerplate
  • 10-K 2025-02-27 vs 2024-02-15 97.8% boilerplate
  • 10-K 2024-02-15 vs 2023-02-28 99.5% boilerplate
  • 10-K 2023-02-28 vs 2022-02-28 99.5% boilerplate


Auditor’s report opinion, going-concern & control flags, critical audit matters

  • 10-K 2026-02-26 unqualified 1 CAM
    • Measurement of the liability for Medicaid rebate accruals
  • 10-K 2025-02-27 unqualified 1 CAM
    • Measurement of the liability for Medicaid rebate accruals
  • 10-K 2024-02-15 unqualified 1 CAM
    • Measurement of Deferred Compensation Liability
  • 10-K 2023-02-28 unqualified 1 CAM
    • Measurement of Deferred Compensation Liability
  • 10-K 2022-02-28 unqualified 1 CAM
    • Measurement of deferred compensation liability

Revenue-recognition drift rev-rec policy language change vs prior filing

  • 10-K 2026-02-26 99% similar to prior acquisition context
    − Contract Liabilities− OVER TIME− Performance Obligations− Point IN TIME− Variable Consideration
  • 10-K 2025-02-27 89% similar to prior acquisition context
    − Performance Obligations− Variable Consideration
  • 10-K 2024-02-15 99% similar to prior acquisition context
    − Performance Obligations− Variable Consideration
  • 10-K 2023-02-28 92% similar to prior acquisition context
    − Performance Obligations− Standalone Selling Price− Variable Consideration