What Filings Actually Say Before a Collapse

FilingDrift scored SVB's final 10-K above the distress ceiling 14 days before the FDIC arrived. Here's what the language looked like — and what other companies are saying right now.

Case Study: SVB Financial Group — February 24, 2023
58.4
1.2x above control ceiling
Ceiling: 49.9 (95th pct. of healthy companies)

On the day SVB filed, 12 out of 24 analysts rated it a Buy. Forbes had just named it "#20 America's Best Banks." The stock was at $267.83. 14 days later the FDIC arrived and it hit $39.49.

Full SVB analysis →
SVB score history

All Examples

Scores above 49.9 exceed the 95th percentile of stable control companies. Crisis companies have a verified collapse event.

Crisis Companies

Company Event Peak Score Latest Score Filings
UNTC
UNIT CORP 		Bankruptcy
2020-05-26
254.2
↑ above baseline
254.2 19 pairs
KODK
EASTMAN KODAK CO 		Bankruptcy
2013-08-29
224.2
↑ above baseline
91.2 11 pairs
FLYYQ
Spirit Airlines, Inc. 		Bankruptcy
2024-11-18
210.4
↑ above baseline
2.1 12 pairs
EXE
CHESAPEAKE ENERGY CORP 		Bankruptcy
2020-06-29
194.2
↑ above baseline
6.1 18 pairs
GPUS
BitNile Holdings, Inc. 		Bankruptcy
2023-08-03
168.6
↑ above baseline
168.6 13 pairs
OSG
AMBAC FINANCIAL GROUP INC 		Bankruptcy
2010-11-10
168.0
↑ above baseline
49.2 8 pairs
PYYX
PYXUS INTERNATIONAL, INC. 		Bankruptcy
2020-06-15
161.5
↑ above baseline
161.5 18 pairs
SD
SANDRIDGE ENERGY INC 		Bankruptcy
2016-05-16
154.8
↑ above baseline
154.8 8 pairs
BBBY
Bed Bath & Beyond 		Bankruptcy
2023-04-23
150.7
↑ above baseline
6.5 18 pairs
NRDE
Lordstown Motors Corp. 		Bankruptcy
2023-06-27
141.5
↑ above baseline
55.3 3 pairs
GPOR
GULFPORT ENERGY CORP 		Bankruptcy
2020-11-16
134.0
↑ above baseline
134.0 13 pairs
GNK
GENCO SHIPPING & TRADING LTD 		Bankruptcy
2014-04-21
112.9
↑ above baseline
112.9 8 pairs
PRTY
Party City Holdco 		Bankruptcy
2023-04-23
105.9
↑ above baseline
0.0 6 pairs
CBL
CBL & ASSOCIATES PROPERTIES INC 		Bankruptcy
2020-11-02
98.4
↑ above baseline
98.4 19 pairs
SPCE
Virgin Galactic Holdings 		Bankruptcy
2024-08-12
97.4
↑ above baseline
14.6 5 pairs
AURX
CYTOMEDIX INC 		Bankruptcy
2016-02-01
90.8
↑ above baseline
90.8 8 pairs
CGEH
Capstone Green Energy Corp 		Bankruptcy
2023-09-28
89.6
↑ above baseline
0.0 19 pairs
NKLA
Nikola Corporation 		Bankruptcy
2023-11-02
85.8
↑ above baseline
58.1 4 pairs
VAL
Ensco plc 		Bankruptcy
2020-08-19
84.0
↑ above baseline
84.0 18 pairs
RITEAID
Rite Aid 		Bankruptcy
2023-10-15
81.4
↑ above baseline
81.4 2 pairs
CCO
Clear Channel Outdoor Holdings, Inc. 		Bankruptcy
2018-03-15
80.4
↑ above baseline
71.4 11 pairs
HGYN
Cereplast Inc 		Bankruptcy
2014-02-12
79.7
↑ above baseline
79.7 4 pairs
HROW
TRANSDEL PHARMACEUTICALS INC 		Bankruptcy
2011-06-27
78.4
↑ above baseline
78.4 1 pairs
BBDC
Barings BDC, Inc. 		Bankruptcy
2022-03-03
77.4
↑ above baseline
0.0 14 pairs
AGSS
HEALTH REVENUE ASSURANCE HOLDINGS, INC. 		Bankruptcy
2014-08-12
72.1
↑ above baseline
72.1 2 pairs
TREE
LendingTree, Inc. 		Bankruptcy
2019-07-25
71.3
↑ above baseline
3.3 10 pairs
DTGI
ATSI COMMUNICATIONS INC/DE 		Bankruptcy
2013-06-05
71.2
↑ above baseline
0.0 5 pairs
FGPR
FERRELLGAS PARTNERS L P 		Bankruptcy
2021-01-11
62.8
↑ above baseline
46.6 19 pairs
LIVE
LIVE VENTURES Inc 		Bankruptcy
2019-12-13
62.0
↑ above baseline
0.0 12 pairs
LEU
USEC INC 		Bankruptcy
2014-03-05
61.8
↑ above baseline
61.8 9 pairs
SVB
SVB Financial Group 		Bank collapse
2023-03-10
58.4
↑ above baseline
58.4 3 pairs
CFC
Countrywide Financial 		BofA acquisition
2008-01-11
55.4
↑ above baseline
55.4 1 pairs
BRST
Banyan Rail Services Inc. 		Bankruptcy
2013-01-14
43.1
3.3 3 pairs
AUSI
AURA SYSTEMS INC 		Bankruptcy
2005-06-30
39.1
27.8 3 pairs
AUMN
APEX SILVER MINES LTD 		Bankruptcy
2009-01-13
33.8
0.0 4 pairs
CANO
Cano Health Inc. 		Bankruptcy
2024-02-04
33.5
30.7 2 pairs
SIGA
SIGA TECHNOLOGIES INC 		Bankruptcy
2014-09-18
32.4
18.4 8 pairs
BIOF
ALLIANCE BIOENERGY PLUS, INC. 		Bankruptcy
2018-10-23
24.4
0.0 3 pairs
SI
Silvergate Capital 		Voluntary liquidation
2023-03-08
15.5
15.5 2 pairs
CHKAQ
Chesapeake Energy 		Chapter 11 (emerged 2021)
2020-06-28
6.1
6.1 1 pairs
AIMD
AMARILLO BIOSCIENCES INC 		Bankruptcy
2013-11-01
1.1
0.0 4 pairs
REVLON
Revlon Inc 		Bankruptcy
2022-06-15
0.1
0.1 1 pairs
EAI
ENTERGY ARKANSAS INC 		Bankruptcy
2005-09-28
0.0
0.0 2 pairs
EMP
ENTERGY MISSISSIPPI INC 		Bankruptcy
2005-09-28
0.0
0.0 2 pairs
ENJ
ENTERGY NEW ORLEANS INC 		Bankruptcy
2005-09-28
0.0
0.0 2 pairs

Stable Companies (Control Baseline)

These companies had no major crises in the tracked period. Their scores define the "normal" range.

Company Max Score Score History Filings
RTX
RTX Corporation 		114.8 2020-02: 0.3 2021-02: 114.8 2022-02: 39.1 2023-02: 27.1 2024-02: 12.2 2025-02: 41.3 2026-02: 0.4 7 pairs
AAPL
Apple Inc. 		84.4 2002-12: 0.0 2003-12: 0.0 2004-12: 54.5 2005-12: 0.0 2006-12: 40.4 2007-11: 1.8 2008-11: 84.4 2009-10: 9.6 2010-10: 0.0 2011-10: 8.2 2012-10: 0.0 2013-10: 2.0 2014-10: 0.0 2015-10: 0.0 2016-10: 27.7 2017-11: 0.0 2018-11: 0.0 2019-10: 19.4 2020-10: 3.4 2021-10: 2.5 2022-10: 0.0 2023-11: 0.0 2024-11: 0.0 2025-10: 9.5 24 pairs
CVX
Chevron Corporation 		72.8 2020-02: 4.8 2021-02: 15.1 2022-02: 0.0 2023-02: 0.6 2024-02: 49.9 2025-02: 14.4 2026-02: 72.8 7 pairs
PEP
PepsiCo Inc. 		68.3 2020-02: 68.3 2021-02: 26.4 2022-02: 31.9 2023-02: 42.8 2024-02: 28.0 2025-02: 16.5 2026-02: 0.8 7 pairs
AXP
American Express Company 		60.5 2021-02: 60.5 2022-02: 41.2 2023-02: 12.9 2024-02: 21.3 2025-02: 8.9 2026-02: 9.3 6 pairs
LMT
Lockheed Martin Corporation 		55.0 2020-02: 44.3 2021-01: 29.9 2022-01: 55.0 2023-01: 22.4 2024-01: 1.0 2025-01: 11.0 2026-01: 4.4 7 pairs
NVDA
NVIDIA Corporation 		53.2 2022-03: 53.2 2023-02: 12.8 2024-02: 13.5 2025-02: 0.0 2026-02: 6.5 5 pairs
TSLA
Tesla Inc. 		43.9 2020-02: 43.9 2021-02: 0.0 2022-02: 7.1 2023-01: 3.0 2024-01: 14.0 2025-01: 11.1 2026-01: 0.0 7 pairs
ADBE
Adobe Inc. 		35.7 2020-01: 35.4 2021-01: 0.0 2022-01: 8.8 2023-01: 35.7 2024-01: 5.3 2025-01: 1.1 2026-01: 1.1 7 pairs
T
AT&T Inc. 		31.0 2024-02: 5.1 2025-02: 31.0 2026-02: 12.8 3 pairs
AMGN
Amgen Inc. 		27.9 2020-02: 1.1 2021-02: 13.4 2022-02: 4.7 2023-02: 25.6 2024-02: 19.6 2025-02: 12.6 2026-02: 27.9 7 pairs
MRK
Merck & Co Inc. 		27.6 2020-02: 0.8 2021-02: 27.6 2022-02: 8.1 2023-02: 9.4 2024-02: 0.2 2025-02: 0.9 2026-02: 0.4 7 pairs
CSCO
Cisco Systems Inc. 		26.4 2021-09: 1.4 2022-09: 10.4 2023-09: 2.3 2024-09: 26.4 2025-09: 3.0 5 pairs
CMCSA
Comcast Corporation 		25.9 2021-02: 10.2 2022-02: 11.0 2023-02: 1.6 2024-01: 0.0 2025-01: 1.5 2026-02: 25.9 6 pairs
ABBV
AbbVie Inc. 		25.9 2020-02: 0.0 2021-02: 25.9 2022-02: 4.0 2023-02: 1.8 2024-02: 5.5 2025-02: 6.5 2026-02: 5.0 7 pairs
UNH
UnitedHealth Group Inc. 		25.8 2022-02: 0.0 2023-02: 0.0 2024-02: 8.1 2025-02: 3.2 2026-03: 25.8 5 pairs
XOM
ExxonMobil Corporation 		24.8 2021-02: 24.8 2022-02: 0.0 2023-02: 0.0 2024-02: 0.0 2025-02: 10.0 2026-02: 0.0 6 pairs
ORCL
Oracle Corporation 		19.9 2019-06: 0.0 2020-06: 19.9 2021-06: 3.1 2022-06: 12.0 2023-06: 0.0 2024-06: 1.3 2025-06: 0.0 7 pairs
AMZN
Amazon.com Inc. 		18.1 2022-02: 0.9 2023-02: 2.2 2024-02: 0.0 2025-02: 0.0 2026-02: 18.1 5 pairs
PG
Procter & Gamble 		17.5 2023-08: 15.9 2024-08: 17.5 2025-08: 1.7 3 pairs
QCOM
QUALCOMM Inc. 		14.4 2020-11: 14.4 2021-11: 0.0 2022-11: 3.8 2023-11: 0.6 2024-11: 0.0 2025-11: 0.0 6 pairs
LLY
Eli Lilly and Company 		14.3 2023-02: 0.9 2024-02: 14.3 2025-02: 3.0 2026-02: 12.0 4 pairs
GOOGL
Alphabet Inc. 		14.3 2024-01: 14.3 2025-02: 0.0 2026-02: 0.0 3 pairs
WMT
Walmart Inc. 		13.7 2024-03: 4.2 2025-03: 0.0 2026-03: 13.7 3 pairs
JNJ
Johnson & Johnson 		11.2 2024-02: 11.2 2025-02: 3.3 2026-02: 2.2 3 pairs
CRM
Salesforce Inc. 		8.8 2025-03: 4.7 2026-03: 8.8 2 pairs
KO
Coca-Cola Company 		1.2 2024-02: 0.0 2025-02: 1.2 2026-02: 0.4 3 pairs
MSFT
Microsoft Corporation 		0.6 2023-07: 0.6 2024-07: 0.0 2025-07: 0.0 3 pairs
WFC
Wells Fargo & Company 		0.0 2026-02: 0.0 1 pairs
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