How to read a Filing.fyi company page

Where the numbers come from

Public companies in the US file reports with the SEC (Securities and Exchange Commission), the government agency that polices the stock market. The financial statements inside those reports are tagged in a computer-readable format called XBRL, so software can pick out a line like revenue or total debt without a person typing it in. The reports live in the SEC’s free public database, EDGAR.

Filing.fyi reads those tagged numbers. So every figure on a company page is the company’s own reported figure. The site does math on top of it, but it doesn’t add outside guesses or forecasts. If filings are new to you, start with SEC filings 101.

The top of the page: a label and a chip

The first thing you see is the verdict label. There are four: Deep Value, Fairly Valued, Watch and Red Flags. Beside it sits a direction chip, a small tag that says which way the evidence leans. Each label always travels with the same chip:

• Deep Value comes with Bullish.
• Fairly Valued comes with Neutral.
• Watch comes with Caution.
• Red Flags comes with Bearish.

Two points before you read anything into them.

First, the name Deep Value can fool you. On Filing.fyi it means the filings show strong financial health and accounting that looks clean. It does not compare the stock’s price with an estimate of what the business is worth. A company can earn Deep Value while its shares are expensive. The lesson on intrinsic value covers that other question.

Second, the labels are not recommendations. They sum up what the reports show. They don’t say whether anyone should own the stock, and they know nothing about your goals or your money.

The four score cards

Below the label are four cards. Each runs a well-known test on the filings.

• Piotroski F-Score (0 to 9) asks nine yes-or-no questions about profit, debt and efficiency. Higher is healthier. See the F-Score lesson.
• Beneish M-Score compares this year with last year, hunting for numbers that may be flattered. Lower (more negative) looks cleaner. See the M-Score lesson.
• Altman Z-Score blends a handful of balance-sheet and profit ratios into an early warning of money trouble. Higher is safer. See the Z-Score lesson.
• Fog Index measures how hard the company’s writing is to read. Lower is plainer. See the Fog Index lesson.

Sometimes one of the four cards is missing. That happens when the filing doesn’t report a number the test needs. A missing card means missing data, not a failing grade.

How the label is built

The label isn’t anyone’s hunch. It follows a short recipe.

1. Each score that could be computed is turned into points, from 0 for a worrying reading to 25 for a reassuring one. For example, a Piotroski score of 7 or more earns all 25 points, 4 to 6 earns 12, and 3 or less earns 0.
2. The points are averaged and stretched onto a 0-to-100 scale. That number is the health score. When all four cards have a reading, the health score is just the four point totals added up.
3. The health score picks the label.

Two special rules sit on top. If the Altman Z-Score comes out below zero, a sign of serious money trouble, the health score is capped at 35. That keeps the label at Red Flags no matter how good the other cards look. And if no score can be computed at all, this recipe can’t run. The page then falls back on the label from the AI analysis of the latest filing or, when there is nothing to go on, shows Fairly Valued as a neutral placeholder. In that case the label is not a judgement; there just isn’t enough data yet.

Each card prints the cutoffs it uses, and the methodology page explains how the health score and labels are built.

The AI-written summary

Under the cards is a short summary in plain English. An AI model writes it from the company’s filings and scores. The page labels it as AI-written so you know no person checked every line. A model can misread a table or miss context. Treat the summary as a map for where to look, then confirm anything important in the filing itself.

The filing timeline and the filings page

Further down is a timeline of the company’s own reports: annual reports (10-K), quarterly reports (10-Q), proxy statements, and 8-Ks, the short reports a company files when something big happens. Each entry opens the original document.

For the complete list, open the company’s filings page. Its address is the company page’s address with /filings added at the end, such as /stocks/ABCD/filings for a ticker ABCD. It sorts every filing by type. That includes Form 4 reports of trades by executives and directors, and 13D and 13G filings, which appear when an investor comes to own more than 5% of the shares.

How fresh is the page?

A company page refreshes after the company files a new 10-K or 10-Q. Between those reports, the scores stay put, because they are built from filed numbers.

A 10-Q is due 40 or 45 days after a quarter ends, and a 10-K is due 60 to 90 days after the year ends, depending on the company’s size. So even a freshly updated page describes a period that closed weeks earlier. Before leaning on any score, glance at the date of the latest filing.

Where to see it on Filing.fyi

Pick any company from the ticker list and walk down its page in the order above: label and chip, the four cards, the AI summary, then the timeline. Then open its filings page. To keep an eye on a few companies, the free watchlist lets you follow up to 50. The methodology page explains where each score comes from and what the labels do and don’t mean.

This lesson is education, not investment advice. Examples use made-up companies and round numbers unless a real filing is named.