Annual 10-K risk-factor research
RiskDiff vs CapEdge
CapEdge shows text additions, removals and changes between filings. RiskDiff turns annual 10-K risk-section edits into a review of matched factors, so you can follow each factor across years and investigate themes across companies.
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From filing text changes to risk-factor review
| Research task | RiskDiff | CapEdge |
|---|---|---|
| How changes are organized | Matched factors in annual 10-K Item 1A | Document text additions, removals and changes |
| Review risk factors | Added, removed, modified and unchanged factors; exact edits within modified factors | Document text comparison* |
| Explore themes across companies | Signals groups keyword matches across cached comparisons | Full-text search |
| Use the results | Pro: individual JSON and Markdown exports; MCP access using an API key | Notes on filings |
CapEdge’s text comparison shows where wording changed in a document. RiskDiff gives each annual risk-section edit its place within a matched factor. Review its added, removed, modified or unchanged status, then inspect the previous wording and highlighted edits. Available comparison history lets you follow the company between annual filings.
For a disclosure theme, CapEdge documents full-text search and word-list tools. RiskDiff’s Signals groups keyword matches across cached comparisons for themes such as AI, cybersecurity and tariffs. Open the matching disclosures to investigate the theme, check the SEC sources, and export individual comparisons with Pro for your research notes or compatible agent.
Copart (CPRT) · 2025 vs 2024
Example: what changed in Copart’s 10-K
This example shows one edit within Copart’s risk factor about expansion outside the U.S. RiskDiff matches the factor across filings and marks it as modified. The added wording is highlighted in green.
Before · 2024 10-K
the need to comply with complex foreign and U.S. laws and regulations that apply to our international operations;
After · 2025 10-K
the need to comply with complex foreign and U.S. laws and regulations that apply to our international operations, including changes in laws that may have an adverse effect on our ability to operate our preferred business model in foreign jurisdictions;
The added qualification concerns changes in laws affecting the company’s preferred business model abroad. The earlier filing already discussed foreign-law compliance. This edit does not show that international regulatory risk was new, or establish its investment significance.
RiskDiff groups this edit within the matched international-expansion risk factor. For this pair, the comparison identifies 15 modified and 19 unchanged factors, with none added or removed.
Open this example comparison · Read the extraction and matching limits
Review the full comparison with Pro
Public previews show summary counts and one selected change. Pro opens all changes in each comparison and available comparison history. It includes Signals, individual JSON and Markdown exports, and MCP access using an API key for compatible agents.
Pro costs $199/month or $1,990/year. Signals is also available separately for $29/month or $290/year.
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