Identify Required Statements

What it does

Determines which SEC filings are needed for the valuation based on the company’s fiscal calendar and the valuation date. Returns a structured JSON file listing every 10-K and 10-Q the pipeline must process.

Output structure

{
  "company": "NVDA",
  "valuation_date": "2026-02-22",
  "fiscal_year_end": "01-26",
  "statements_required": [
    { "statement_type": "10-K", "fiscal_period_end": "2025-01-26", "role": "primary" },
    { "statement_type": "10-K", "fiscal_period_end": "2024-01-28", "role": "prior_year" },
    { "statement_type": "10-Q", "fiscal_period_end": "2025-10-26", "role": "bridge" },
    { "statement_type": "10-Q", "fiscal_period_end": "2024-10-27", "role": "bridge_prior" }
  ],
  "bridge_quarters_needed": true
}

Why bridge quarters matter

If the valuation date falls after the most recent 10-K, the model needs trailing-twelve-month (LTM) figures. These are computed by adding recent quarter data to the annual and subtracting the prior year’s equivalent quarters. The bridge and bridge_prior filings make this calculation possible.

Edge cases

Valuation date = 10-K filing date — no bridge quarters needed; LTM equals the annual
Fiscal year doesn’t end in December — the skill correctly handles non-calendar fiscal years (e.g., Apple’s September FYE)
Recent IPO — if fewer than 4 quarters of data exist, the skill flags this and adjusts

Overview

Data Collection

Valuation Engine

Adjustments

Orchestrator & Output

Identify Required Statements

What it does

Output structure

Why bridge quarters matter

Edge cases

​What it does

​Output structure

​Why bridge quarters matter

​Edge cases

What it does

Output structure

Why bridge quarters matter

Edge cases