CWK — what changed in the latest 10-Q
A section-by-section comparison of CWK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-07 vs the prior 10-Q · 2025-10-30
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +93 | −141 | ~17 | 13 |
| Market risk (Item 3) | Text added/removed | 0 | −1 | ~5 | 5 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-07
•risks associated with sociopolitical polarization and changes in political landscapes;
•social, geopolitical and economic risks associated with its international operations;
•the seasonality of significant portions of its revenue and cash flow;
•its ability to recruit and retain qualified revenue-producing advisors and senior management;
•its ability to maintain and execute its information technology strategies;
Text removed vs the prior filing · source: 10-Q · 2025-10-30
•our ability to attract and retain qualified revenue producing employees and senior management;
•our ability to preserve, grow and leverage the value of our brand;
•our ability to maintain and execute our information technology strategies;
•interruption or failure of our information technology, communications systems or data services;
•our vulnerability to potential breaches in security or other threats related to our information systems;
Market risk (Item 3)
Text removed vs the prior filing · source: 10-Q · 2025-10-30
Three Months Ended September 30,Nine Months Ended September 30,
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice