FinLoom Labs
See what's hidden between the filings.
Built to become a living map of every SEC filing — connecting companies, documents and time, with every insight traced to the sentence it came from.
What was Discover's net income in 2023?
$2,796M, as corrected in the amended 10-K filed Dec 23, 2024.1 It was first reported as $2,940M in the 10-K filed Feb 23, 2024.2
| Year | Net income | As first reported |
|---|---|---|
| 2023 | 2,7961 | 2,9402 |
Discover Financial Services · 10-K/A · filed Dec 23, 2024
Consolidated Statements of Income · Net income, 2023: 2,796
“Discover Financial Services (the “Company”) is filing this Amendment No. 1 on Form 10-K/A (this “Form 10-K/A”) to amend and restate its audited financial statements …”Open the sentence on sec.gov
Discover Financial Services · 10-K · filed Feb 23, 2024
Consolidated Statements of Income · Net income, 2023: 2,940
“Net income was $2.9 billion, or $11.26 per diluted share, compared to net income of $4.4 billion, or $15.44 per diluted share, in the prior year.”Open the sentence on sec.gov
The problem
The changes that matter are rarely announced.
EDGAR takes in about 4,700 filings a day. Inside them, a figure is quietly revised in a later report, a new risk paragraph appears, a supplier stops being named — and none of it comes with a press release.
The signals that move markets are rarely in one filing. Valeant's undisclosed ties to the Philidor pharmacy. GT Advanced, which the SEC found had misclassified more than $300 million it owed Apple. In both cases the warning signs were public — scattered across filings no one read together.
Sources: SEC, About EDGAR · SEC press release 2020-169 · SEC press release 2019-66
The idea
One map of all of EDGAR — every filing type, every filer. Each fact is kept as a statement: who said it, in which filing, and when. Because the map remembers time, it is built to be read as of any date, and it can follow a thread from one company to the next, one document to another, one year to the following.
What it connects
The threads no single filing shows.
Supply chains and customers
Who depends on whom — and when that dependence quietly shifts from one report to the next.
Boards and ownership
Directors who sit on more than one board, and the insiders and institutions behind each company.
Restatements and omissions
Numbers revised after the fact, and disclosures that simply stop appearing.
Contagion across a sector
Risk language spreading from one company to its peers; one company's event reaching the companies tied to it.
Who it's for
For anyone who reads filings closely.
Investors
See what changed in the companies you own, and why it matters — in plain words, with the source one click away.
Analysts
Connections worth a memo, found across companies and years, each with its citation attached.
Built to cover
- Every filing type
- Every filer
- Ten years of history
- Updated the same day
Contact
Investor, analyst, or just curious?
We would like to hear from you.
Get in touchvab5296@psu.edu