The Q1 2026 10-Q has a segment table most earnings coverage skipped. What it shows changes how you think about what Domino’s actually sells. The 60-second version Domino’s reported Q1 2026 earnings on April 27, 2026. Same-store sales were up 0.9%, the stock fell about 7%, and the coverage moved on. But the company’s segment … Read more
Costco sold $69 billion of merchandise last quarter and kept almost none of it. The real profit sits one line further down the filing, and the company barely bothers to hide it. The 60-second version Costco reported $69.15 billion in net sales for its fiscal third quarter of 2026, and the profit it earned on … Read more
Alphabet discloses the cost of being your default in plain sight, once a quarter. Almost nobody reads the line. A federal court did. The 60-second version Every quarter, Alphabet reports a figure called traffic acquisition costs, the money Google pays other companies to keep searches flowing to Google. In the first quarter of 2026 it … Read more
A close reading of what Meta filed for the first quarter of 2026, and why the most profitable quarter in the company’s history arrived with the worst kind of first attached to it. The 60-second version Meta reported its most profitable quarter ever for the three months ended March 31, 2026: net income of $26.77 … Read more
A near-free profit engine is being switched off by law, and the quarter that looked like a recovery leaned on things that only happen once. Here is what the filing actually says. The 60-second version Tesla’s first quarter of 2026 read, on the surface, like a margin recovery: revenue up 16%, operating income up 136%, … Read more
Federal student loan servicers, Maximus, and the U.S. Treasury are paid under three completely different contracts. Only one of them is structured around the borrower repaying, and that one pays the same whether the borrower thrives or barely hangs on. The July 1, 2026 overhaul cements all three for a decade. The 60-second version The … Read more
The auto-parts bankruptcy that wiped out billions wasn’t really a fraud story. It was a story about how a $3 trillion private debt market grew up without a 10-K. The 60-second version First Brands Group, a Cleveland-based auto-parts roll-up doing $5 billion a year in sales, filed for Chapter 11 in September 2025. By January … Read more
Two policy choices buried in the property and equipment notes of Microsoft, Google, Meta, and Oracle’s 10-Ks — combined with a circular capital flow between Nvidia, OpenAI, Oracle, and CoreWeave — explain a meaningful slice of what hyperscaler AI-era profits actually look like. This is what the filings show, what the math produces, and what … Read more
The reacquisition isn’t a supply chain fix — it’s the most expensive financial-engineering reversal in modern aerospace, and the integration is already over budget. The 60-second version In June 2005, Boeing sold its Wichita and Tulsa fabrication operations, including the entire fuselage of every 737, to private equity firm Onex for $900M cash. On December … Read more
The Wall Street thesis that Ozempic would empty gyms collapsed in plain sight. Here is what the 2025 filings actually show. The 60-second version In late 2023, gym stocks dropped on a Wall Street thesis that GLP-1 weight-loss drugs like Ozempic, Wegovy, and Mounjaro would empty fitness facilities. The thesis was that thin people do … Read more