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

10-K 2022-03-18 10-K 2023-02-24 10-Q 2023-08-28 10-Q 2023-11-21 10-K 2024-02-21 10-Q 2024-05-29 10-Q 2024-08-28 10-Q 2024-11-20 10-K 2025-02-26 10-Q 2025-05-28 10-Q 2025-08-27 10-Q 2025-11-19 10-K 2026-02-25 10-Q 2026-05-20

From 2022-03-18 (10-K) to 2026-05-20 (10-Q), this metric increased across 14 filings.


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

  • 10-K 2026-02-25 vs 2025-02-26 99.3% boilerplate
  • 10-K 2025-02-26 vs 2024-02-21 99.3% boilerplate
  • 10-K 2024-02-21 vs 2023-02-24 98.8% boilerplate
  • 10-K 2023-02-24 vs 2022-03-18 98.6% boilerplate

Non-GAAP reconciliation expansion growth in adjusted-figure add-backs vs prior filing

  • 10-K 2026-02-25 8 → 4 add-backs (+-4)
    new: Acquisition Related Intangible Amortization Unallocated Operating Expenses


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

  • 10-K 2026-02-25 unqualified 1 CAM · auditor since 2004
    • Valuation of Inventories - Provisions for Excess or Obsolete Inventories and Excess Product Purchase Commitments
  • 10-K 2025-02-26 unqualified 1 CAM · auditor since 2004
    • Valuation of Inventories - Provisions for Excess or Obsolete Inventories and Excess Product Purchase Commitments
  • 10-K 2024-02-21 unqualified 1 CAM · auditor since 2004
    • Valuation of Inventories - Provisions for Excess or Obsolete Inventories and Excess Product Purchase Commitments
  • 10-K 2023-02-24 unqualified 1 CAM · auditor since 2004
    • Valuation of Inventories - Provisions for Excess or Obsolete Inventories and Excess Product Purchase Commitments
  • 10-K 2022-03-18 unqualified 1 CAM · auditor since 2004
    • Valuation of Inventories - Provisions for Excess or Obsolete Inventories

Balance-sheet trends inventory, receivables, reserves & impairment vs prior year

  • Inventory building faster than sales FY 2026-01-25
    inventory +112% vs revenue +65% · DIO 112.7→125.0 days
  • Inventory building faster than sales FY 2026-01-25
    inventory +112% vs revenue +65% · DIO 112.7→125.0 days
  • Receivables building faster than sales FY 2024-01-28
    receivables +161% vs revenue +126% · DSO 51.8→59.9 days
  • Inventory building faster than sales FY 2023-01-29
    inventory +98% vs revenue +0% · DIO 100.7→162.1 days
  • Receivables building faster than sales FY 2022-01-30
    receivables +91% vs revenue +61% · DSO 53.2→63.1 days

Segment changes reportable-segment roster vs prior filing

Dropped
  • ALL Other 10-K 2026-02-25
Added
  • ALL Other 10-K 2025-02-26
  • Compute Networking 10-K 2025-02-26
  • Graphics 10-K 2025-02-26

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

  • 10-K 2026-02-25 90% similar to prior acquisition context
  • 10-K 2024-02-21 93% similar to prior acquisition context