Gramercy_Wire
UNDERWRITE RESEARCH
GOOGLraised $100B+ in H1'26
GOOGLCloud +82% y/y
META$349.31B non-cancelable commitments
METALT debt $83.66B
NVDAFY26 revenue $215.9B, +65%
NVDADC networking +142%
WFCNCOs $883M, −11% y/y
COF30+ card delinquencies 3.59%
JPMprovisions +33% vs loans +11%
ANETCloud & AI Titans ≈48% of revenue
GWevery figure cited · every quote audited
GOOGLraised $100B+ in H1'26
GOOGLCloud +82% y/y
META$349.31B non-cancelable commitments
METALT debt $83.66B
NVDAFY26 revenue $215.9B, +65%
NVDADC networking +142%
WFCNCOs $883M, −11% y/y
COF30+ card delinquencies 3.59%
JPMprovisions +33% vs loans +11%
ANETCloud & AI Titans ≈48% of revenue
GWevery figure cited · every quote audited
SEC filings,
read like a desk.
Every figure cited.
A desk read of 10-Ks, 10-Qs and 8-Ks — what the numbers say, what the
lawyers changed, and what we're watching. Verbatim quotes, cited documents, conviction
labeled. No hot takes, no hidden gems, no advice.
Free while in beta. New issues land here first.
02issues
58filings read
41quotes audited
0hot takes
Latest Issue
ISSUE 002 · THURSDAY, JULY 30, 2026 · 28 FILINGS READ · FIRST MACHINE DIFF
Alphabet Raised $100 Billion. The Baseline Said Zero.
We re-ran our July 2 AI-infrastructure pack against this week's filings. The machine came back
with a $49.6B June equity raise, $51.4B of new notes, a $40B ATM — and a record Alphabet profit
that is 88% unrealized SpaceX marks. Plus: Meta's $349B fixed-cost floor.
Read the issue →
Method
Every figure is extracted from SEC filings (10-K, 10-Q, 8-K) by Underwrite, our filings
engine, and cited to the source document; quotes are verbatim. Charts are drawn only from
figures that appear in the text. Market data (rates, spreads, volatility) is from FRED and
is never presented as filing content. Interpretation — what the numbers mean — is labeled
as the desk's read, with conviction noted where it matters. It is analysis, not investment
advice, and nothing here is a recommendation to buy or sell any security.