SLE — what changed in the latest 10-Q
A section-by-section comparison of SLE'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 · 2026-08-14 vs the prior 10-Q · 2026-05-15
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +66 | −27 | ~37 | 62 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 2 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | Some risk factors updated | 0 | 0 | ~6 | 11 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
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 · 2026-08-14
Three Months Ended June 30, 2026 as compared to the Three Months Ended June 30, 2025
Revenue for the three months ended June 30, 2026 totaled $3.0 million, relatively consistent with revenue totaling $3.0 million for the comparable prior year quarter. Cost of revenue for the three months ended June 30, 2026 increased $73,000, or 4% to $1.8 million, compared to $1.7 million in the co…
Total operating expense for the three months ended June 30, 2026 increased $436,000, or 10% to $4.9 million, compared to $4.5 million in the comparable prior year quarter. Excluding noncash stock compensation expense, intangible asset amortization expense, mark to market related fair value adjustmen…
Six Months Ended June 30, 2026 as compared to the Six Months Ended June 30, 2025
Revenue for the six months ended June 30, 2026 totaled $6.0 million, an increase of $293,000 or 5%, compared to $5.7 million for the comparable prior year period. Cost of revenue for the six months ended June 30, 2026 increased $477,000, or 15% to $3.7 million, compared to $3.2 million in the compar…
Text removed vs the prior filing · source: 10-Q · 2026-05-15
Revenue for the three months ended March 31, 2026 totaled $3.0 million, an increase of $285,000 or 10%, compared to $2.7 million for the comparable prior year quarter. Cost of revenue for the three months ended March 31, 2026 increased $427,000, or 28% to $1.9 million, compared to $1.5 million in th…
Total operating expense for the three months ended March 31, 2026 increased $409,000, or 8% to $5.2 million, compared to $4.8 million in the comparable prior year quarter. Excluding noncash stock compensation expense, intangible asset amortization expense, mark to market related fair value adjustmen…
Total revenue increased $285,000, or 10% to $3.0 million, compared to $2.7 million in the comparable prior year quarter.
Media and advertising revenue increased $438,000, or 34%, to $1.7 million, compared to $1.3 million in the comparable prior year quarter. The change was primarily due to a $19,000 increase in on-platform revenues across Fortnite and Minecraft and Roblox and $666,000 increase in off-platform media sa…
Publishing and content studio revenue was relatively flat for the periods presented, totaling $1.3 million for each of the three months ended March 31, 2026 and 2025, respectively.
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