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Research notes from the desk.

Method, markets, and how Basis thinks about the discipline of reading filings carefully.

MethodMay 14, 2026

Reading a 10-K the way Basis does

A 10-K is not read front to back. It is a set of nested tables, forward references, and management commentary that rewards a specific traversal order. Here is how to move through it, what to extract, and why the citation matters more than the number itself.

Priya Nair7 min readRead

ResearchApril 3, 2026

A number without a citation is a rumor

The buy side runs on numbers extracted from source documents. When a number loses its source, it becomes a rumor dressed as data. Source-linked extraction is not a convenience feature; it is the foundation of auditable research.

Dana Whitfield6 min read

MarketsMarch 11, 2026

Non-GAAP bridges, reconciled

Companies adjust their earnings. Sometimes the adjustments are legitimate. Sometimes they are not. The bridge between GAAP and non-GAAP is where the story is told, and where the discipline of a careful analyst matters most.

Priya Nair6 min read