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What a 10-K actually tells you
Four numbers tell you most of the story before the narrative starts.
What to check
- Revenue and growth: real and accelerating?
- Net loss and burn: how many quarters of runway?
- Liquidity and dilution: will they need to raise?
The trap
Reading the headline and skipping the statements that contradict it.
Rule of thumb
Cash runway and dilution decide who survives long enough to be right.
How to apply
- 1Revenue plus growth.
- 2Net loss plus burn.
- 3Cash plus share count over time.
Educational content, not financial advice. A mental model you apply yourself, not a stock pick. Do your own research.