Forensic Analysis · Semiconductors · as of Aug 7, 2026
Nvidia Corp (NVDA)
A forensic read on Nvidia Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
22.1
Distress distance
Watch
Earnings quality
3
Forensic signals
34.0
P / E (ttm)
76.3%
ROE
$5.3T
Market cap
0.45%
Dividend yield
65.5%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Nvidia Corp earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 22.1, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+64.8%
FY2025→FY2026
Accruals ratio (% of NOA).Net operating assets grew +64.8% relative to their own average in FY2026 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The build is led by inventory up +112% against +91% in cost of sales and receivables up +67% against revenue +65%. This is the third straight fiscal year of building accruals — a multi-year streak is a materially stronger tell than a single year's move. The cash-flow cross-check agrees: reported earnings ran ahead of operating cash by 15% of net operating assets.
0.88×
FY2024–FY2026
Cash conversion.Over FY2024–FY2026, operating cash flow was 0.88× cumulative net income. Cash is lagging reported profit. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.
92d
FY2025→FY2026
Inventory days.Days inventory outstanding moved from 86 to 92 FY2025→FY2026 (against cost of goods sold; inventory +112% vs +91% in cost of sales). Inventory is building a little faster than sales — watch for markdowns.
Key fundamentals
Latest Revenue$215.94B
Revenue Growth YoY+65.5%
Revenue CAGR (3yr)+100.5%
Net Margin55.6%
Free Cash Flow$96.68B
Return on Equity76.3%
Debt / Equity0.05x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Nvidia Corp's actual 10-K/10-Q/8-K filings?