Company and market analysis built from SEC filings. Every figure links back to the original document, every calculation is shown, and every correction stays on the record.https://catlytic.com/en-ushttps://catlytic.com/screens/capex-above-operating-cash-flow-2025/https://catlytic.com/screens/capex-above-operating-cash-flow-2025/A screen of 5,678 SEC filers. Excluding utilities, sixteen listed companies with over $1B in operating cash flow spent more building than they collected.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/market/capex-overtook-buybacks-five-companies/https://catlytic.com/market/capex-overtook-buybacks-five-companies/Across 361 listed non-financial companies, capital spending passed share repurchases for the first time since 2021. Remove five names and the shift disappears.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/analysis/coreweave-ebitda-depreciation-interest/https://catlytic.com/analysis/coreweave-ebitda-depreciation-interest/Revenue doubled to $2.6bn in the June quarter, operating income turned negative, and debt rose $13.7bn in six months. What the filings show.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/analysis/monday-com-revenue-up-cash-flow-down/https://catlytic.com/analysis/monday-com-revenue-up-cash-flow-down/Record non-GAAP operating income and decelerating guidance. Underneath, deferred revenue swung negative and operating cash flow fell while revenue grew.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/analysis/oracle-negative-free-cash-flow/https://catlytic.com/analysis/oracle-negative-free-cash-flow/Capital expenditure rose 26-fold in five years to $55.7bn, funded by $43bn of new senior notes. Remaining performance obligations went from $138bn to $638bn.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/market/rate-cuts-have-not-reached-interest-expense/https://catlytic.com/market/rate-cuts-have-not-reached-interest-expense/A consistent panel of 191 listed non-financial companies, built from SEC filings. Aggregate interest expense rose again in 2025 — the second full year of Fed cuts.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/method/reading-foreign-private-issuer-filings/https://catlytic.com/method/reading-foreign-private-issuer-filings/ASML, TSMC, SAP, Alibaba and Arm file 20-Fs and 6-Ks instead of 10-Ks and 10-Qs. What changes, what does not, and where the quarterly detail goes.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/method/three-ways-reported-capex-understates-spending/https://catlytic.com/method/three-ways-reported-capex-understates-spending/A semiconductor maker with capex at 0.48% of revenue. A retailer whose free cash flow flips sign. A tag that returns nothing. All three are in the filings.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/analysis/why-fico-fell-on-a-guidance-raise/https://catlytic.com/analysis/why-fico-fell-on-a-guidance-raise/Revenue up 26%, EPS up 41%, every guidance line revised upward — and the market cut the stock 17%. What the filing shows, and what it never mentions.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/analysis/why-sandisk-fell-after-a-record-quarter/https://catlytic.com/analysis/why-sandisk-fell-after-a-record-quarter/Revenue up 372%, gross margin at 84.6%, guidance above the quarter just reported — and the stock still dropped. The filing shows what the headlines missed.Wed, 12 Aug 2026 00:00:00 GMThttps://catlytic.com/analysis/amazon-free-cash-flow-three-answers/https://catlytic.com/analysis/amazon-free-cash-flow-three-answers/Three standard definitions, one 10-K, three answers — and one of them is negative. The same test applied to Alphabet, Microsoft and Meta, computed from the filings.Tue, 11 Aug 2026 00:00:00 GMThttps://catlytic.com/method/how-a-number-gets-verified/https://catlytic.com/method/how-a-number-gets-verified/XBRL reported one company's borrowings as $6M. The debt footnote in the same filing said $29,244M. How that happens, and how to catch it.Tue, 11 Aug 2026 00:00:00 GMT