SEC-Derived Universe Statistics

Data date Sep 21, 2026. Ingest timestamp 2026-09-21T01:46:18.327Z. Source SEC EDGAR. Every percentage below is a share of a stated denominator in this extract—not of the entire listed market.

Citable statements

1. As of 2026-09-21, Belvedere Research’s operating-company universe included 163 U.S. SEC registrants with usable XBRL in the current extract.

   163 issuers; source SEC EDGAR; not a complete listed-market census.

2. 160 of 163 issuers (98.2%) had a tagged latest quarterly revenue fact greater than zero.

   Issuers in the extract with identifiable revenue concepts.

3. Among 157 issuers with a comparable year-ago quarterly revenue fact, 114 (72.6%) showed higher latest-quarter revenue than the year-ago quarter and 43 (27.4%) showed lower revenue.

   Comparable quarterly duration only; annual facts are not compared with quarterly facts.

4. Among 22 issuers with both operating cash flow and capex tagged, 17 (77.3%) had positive Belvedere free cash flow (operating cash flow minus capex) and 5 (22.7%) had negative Belvedere FCF.

   Belvedere FCF is a labeled calculation, not company-defined non-GAAP FCF.

5. Using latest quarterly SEC revenue as a disclosure-size proxy (not market cap), 80 issuers fell in the $5 million–$250 million band and 15 issuers had revenue below $50 million. 13 issuers sit in both proxies ($5 million to under $50 million).

   Licensed market capitalization is not configured and is not used.

6. The current filing window stores 3912 SEC forms across the universe, including 45 issuers with a Form 10-K (or 10-K/A), 153 with a Form 10-Q (or 10-Q/A), and 159 with a Form 8-K (or 8-K/A).

   Windowed extract, not an all-time EDGAR history for every registrant.

7. 5 issuers currently have active Belvedere research status, and 5 dated research reports are in the live archive. 693 filing-linked numerical change signals are stored for the current extract.

   Universe inclusion is not the same as initiation coverage. Radar items are arithmetic comparisons, not recommendations.

8. 147 issuers have tagged cash; 94 have tagged debt. Missing debt tags are not treated as a zero-debt capital structure. 20 issuers currently show cash greater than identified debt.

   Balance-sheet instants from XBRL. Net cash is counted only when both cash and debt concepts are tagged; a missing debt tag is not treated as zero debt.

Disclosure-size revenue bands

These bands use latest tagged quarterly revenue. They are not Russell, S&P, or SEC market-cap tests. Median latest quarterly revenue among issuers with revenue greater than zero: $233.2M. Median year-over-year quarterly revenue growth among issuers with a comparable prior quarter: +6.7%.

Sector mapping in this extract

Sector comes from SIC metadata in SEC submissions. Diversified issuers can sit imperfectly. Mapping is not a GICS license.

Research Profile distribution

The index measures researchability of public information, not investment quality. Bands are mechanical from filing and XBRL characteristics.

• Apex 2
• Established 9
• Developing 106
• Limited 43
• Insufficient 3

Taxonomy and website identification

163 issuers are tagged US-GAAP and 0 IFRS in the extract. 0 issuers have a website identified in SEC submissions.

How to cite

Belvedere Research, “SEC-Derived Universe Statistics,” data as of 2026-09-21, SEC EDGAR. https://belvedereresearch.com/universe-facts/

Please include the data date. Do not describe these counts as market-cap indexes, complete coverage of U.S. equities, or buy lists. Underlying filings remain on SEC.gov.