Quarterly financial statements straight from SEC filings — income statement, cash flow, and balance sheet in one table. The authoritative source for how a company is actually performing.
Why Financial Statements Matter
Three statements tell the full story
The income statement shows profitability (revenue → net income). The cash flow statement shows liquidity (how much cash the business actually generates). The balance sheet shows financial position (assets, debt, equity). No single statement is enough on its own.
Cash flow is harder to fake
Net income can be inflated through accounting choices — revenue recognition timing, depreciation methods, one-time items. Operating cash flow is much harder to manipulate. A company with growing revenue but declining operating cash flow is worth investigating closely.
Trends across quarters matter more than snapshots
One bad quarter doesn't make a bear case. Look at 4–8 quarters of revenue growth rate, operating margin expansion or compression, and free cash flow (operating cash flow minus CapEx) trajectory. Deteriorating margins sustained over multiple quarters are a real warning sign.
firma show financials <ticker>
Returns the last 4 quarters of key metrics extracted from XBRL filings — income statement, operating cash flow, CapEx, and balance sheet highlights. Add --freq annual to switch to annual reports.
| Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | |
|---|---|---|---|---|
| INCOME STATEMENT | ||||
| Revenue | $22.4B | $25.7B | $25.2B | $22.5B |
| Gross Profit | $4.7B | $5.6B | $5.4B | $4.6B |
| Op Income | $941M | $1.6B | $1.4B | $1.3B |
| Net Income | $477M | $1.1B | $2.2B | $1.6B |
| CASH FLOW | ||||
| Op Cash Flow | $3.9B | $4.7B | $4.2B | $3.6B |
| CapEx | -$2.5B | -$3.6B | -$3.5B | -$2.7B |
| Free CF | $1.4B | $1.1B | $0.7B | $0.9B |
| BALANCE SHEET | ||||
| Total Assets | $143.7B | $135.9B | $129.6B | $128.6B |
| Cash | $16.6B | $17.0B | $15.9B | $15.6B |
| Total Debt | $7.8B | $7.6B | $6.3B | $5.2B |
Data from SEC 10-Q/10-K filings via Finnhub. Free Cash Flow = Op Cash Flow − CapEx (computed by firma).
Reading the Numbers
With Claude
You
How is TSLA's financial health trending? Should I be worried?
Claude
Revenue has been flat around $22–26B for the past 4 quarters — no growth. The more concerning trend is operating margin compression: from 5.8% in Q2 2025 down to 4.2% in Q1 2026, driven by price cuts and rising R&D spending on Optimus and Cybercab.
On the positive side, free cash flow has been positive all 4 quarters and cash on hand is stable at $16–17B. The company isn't burning through cash. The core risk is whether the margin compression is temporary (investment phase) or structural (competitive pricing pressure).