What the 10-K filed 2026-02-20 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-21.
Big customers
Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).
No specific sentence about this in the 10-K.
Key suppliers
Parts or manufacturing that depend on one or a few suppliers.
No specific sentence about this in the 10-K.
Lawsuits and legal claims
Pending cases, settlements and what the company has set aside for them.
“ASC 450 requires accrual for a loss contingency when it is “probable that one or more future events will occur confirming the fact of loss” and “the amount of the loss can be reasonably estimated.” In accordance with ASC 450, Citigroup establishes accruals for contingencies, including any litigation, regulatory or tax matters disclosed herein, when Citigroup believes it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated.”
Read it in the 10-K ↗
“On February 20, 2024, the parties filed a motion for the Central District Court to approve a settlement.”
Read it in the 10-K ↗
“In 2019, the district court granted the damages class plaintiffs’ motion for final approval of a new settlement with the defendants.”
Read it in the 10-K ↗
“On March 15, 2023, the United States Court of Appeals for the Second Circuit affirmed the district court’s final approval of the damages class settlement and remanded the case to the district court for administration of the settlement claims process.”
Read it in the 10-K ↗
“On November 10, 2025, the injunctive relief class plaintiffs filed a motion seeking preliminary approval of the parties’ Superseding and Amended Class Settlement Agreement to settle the injunctive relief class claims.”
Read it in the 10-K ↗
Guarantees and indemnities
Promises to pay someone else's debts or losses if they cannot.
“U.S. government-sponsored agency guaranteed $ 36,967 $ — $ 172 $ 383 $ (211) $ 36,756”
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“U.S. government-sponsored agency guaranteed $ 30,401 $ — $ 34 $ 1,129 $ (1,095) $ 29,306”
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“U.S. government-sponsored agency guaranteed $ 8,475 $ 110 $ 7,156 $ 273 $ 15,631 $ 383”
Read it in the 10-K ↗
“U.S. government-sponsored agency guaranteed $ 17,532 $ 304 $ 8,484 $ 825 $ 26,016 $ 1,129”
Read it in the 10-K ↗
“U.S. government-sponsored agency guaranteed $ 75 $ — $ 4 $ 3 $ — $ 7 $ — $ (53) $ — $ 36 $ 5”
Read it in the 10-K ↗
Debt covenants
Conditions in loan agreements that, if broken, can make debt due early.
No specific sentence about this in the 10-K.
Commitments off the balance sheet
Contracts the company must pay for later: purchase obligations, take-or-pay deals.
“The estimated fair values of the Company’s corporate unfunded lending commitments at December 31, 2025 and 2024 were off-balance sheet liabilities of $ 10.8 billion and $ 13.5 billion, respectively, substantially all of which are”
Read it in the 10-K ↗
Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗
Work on C in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/C/export.csv") into a cell.