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Folio reads SEC filings the way an analyst does, line by line, and answers with citations you can verify against the source. Live SEC data, full statements. A fraction of the price of a legacy terminal.

Watch it read a 10-K

NO CARD REQUIRED · LIVE SEC FILING DATA · CLAUDE AND GPT MODELS

FOLIO / AAPL / INCOME STATEMENT / FY2025LIVE SEC DATA

USD IN MILLIONS, EXCEPT PER-SHAREFY2025FY2024FY2023

Net sales416,161391,035383,285

Cost of sales(220,960)(210,352)(214,137)

Gross margin195,201180,683169,148

Research and development(34,550)(31,370)(29,915)

Selling, general and administrative(27,601)(26,097)(24,932)

Operating income133,050123,216114,301

Provision for income taxes(20,719)(29,749)(16,741)

Net income112,01093,73696,995

Earnings per share, diluted7.466.086.13

AAPL10-QFILED MAY 2026·MSFT10-QFILED APR 2026·NVDA10-KFILED FEB 2026·AMZN10-QFILED MAY 2026·GOOGL10-QFILED APR 2026·META10-KFILED JAN 2026·BRK-B10-KFILED FEB 2026·JPM10-QFILED MAY 2026·XOM10-KFILED FEB 2026·UNH10-QFILED MAY 2026·V10-QFILED APR 2026·LLY10-QFILED MAY 2026·TSLA10-QFILED APR 2026·COST10-QFILED MAR 2026·

U.S. SEC FILERS COVERED

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TICKER TO FIRST CITED ANSWER

ANSWERS WITH CITATIONS

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01 · The Advisor

Ask the filing.Check the footnote.

Every answer is retrieved from the company's actual 10-K and 10-Q, then cited to the exact section. Click the citation, land on the line. Not a summary of a summary. The primary source, on demand.

SOURCES · 10-K, 10-Q, INDEXED AUTOMATICALLY

CITATIONS · LINKED TO THE FILING SECTION

MODELS · CLAUDE OR GPT, YOUR CALL

FOLIO / AAPL / ADVISORLIVE SEC DATA

Show me Apple's income statement for Q3 2025 and Q4 2025 side by side

Ask the advisor about AAPL

02 · The Statements

Every line item.As filed.

Income statement, balance sheet, and cash flows rendered the way the SEC receives them. Line by line, period over period, straight from XBRL. No stale exports, no re-keyed numbers.

FOLIO / AAPL / INCOME STATEMENT / FY2023 TO FY2025LIVE SEC DATA

USD IN MILLIONS, EXCEPT PER-SHAREFY2025FY2024FY2023

Net sales416,161391,035383,285

Cost of sales(220,960)(210,352)(214,137)

Gross margin195,201180,683169,148

Research and development(34,550)(31,370)(29,915)

Selling, general and administrative(27,601)(26,097)(24,932)

Operating income133,050123,216114,301

Provision for income taxes(20,719)(29,749)(16,741)

Net income112,01093,73696,995

Earnings per share, diluted7.466.086.13

LINE ITEMS PER STATEMENT

PERIODS OF HISTORY

STATEMENTS PER FILER

What's inside

A terminal's capabilities.A browser tab's footprint.

What drove the operating margin expansion?

Gross margin rose 210 bps on services mix, while opex grew slower than revenue — R&D at 8.3% of sales vs. 8.0% prior year [1].

10-K · ITEM 7 · MD&A10-K · ITEM 8 · NOTE 2

Cited answers

Every response quotes the filing section it came from. Verify any claim against the source in one click.

Claude Opus

Claude Sonnet

GPT-4o

Your choice of models

Claude Opus, Claude Sonnet, GPT-4o and more. Switch per question, shallow or deep.

NVDA10-KIndexed in 28s

Live SEC data

Filings, financials, and disclosures pulled directly from SEC filings and XBRL. No stale exports.

Net sales416,161

Cost of sales(220,960)

Gross margin195,201

Research and development(34,550)

Selling, general and administrative(27,601)

Operating income133,050

SEC-style statements

Full income statement, balance sheet, and cash flows, line by line across periods, as filed.

AAPL — services margin bridge3 weeks ago

NVDA — data-center concentrationlast month

JPM — provision build vs. peers2 months ago

Research that persists

Threads are saved to your account. Return weeks later and the advisor still holds the context.

From ticker to insightin under a minute.

SEC EDGAR

FOLIO READS

CITED ANSWERS

FULL STATEMENTS

Pick a company

Search any U.S. public company by name or ticker.

Folio reads the filings

The latest 10-Ks and 10-Qs are fetched from the SEC and indexed in about thirty seconds.

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Cited, source-grounded answers on risks, segments, and financial health. Click through and read the source yourself.

The filing has the answer.Folio finds the line.

Free to start. No terminal contract. No sales call.

Ask the filing.Ask the filing.Check the footnote.Check the footnote.

Every line item.Every line item.As filed.As filed.

A terminal's capabilities.A terminal's capabilities.A browser tab's footprint.A browser tab's footprint.