Exelon Corp. (EXC) 10-K Red Flags
Risk signals extracted deterministically from Exelon Corp.’s SEC 10-K/10-Q XBRL filings — no LLM, every finding cites the underlying data.
Detected red flags (15)
- Receivables outpacing revenue: Accounts receivable grew +20.4% YoY vs revenue growth of +5.3%. The +15.1% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 2 recent filing(s) (vs 3 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 2.26x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: Revenue grew +5.3% but receivables grew +20.4% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 2 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 1 new risk-language term(s) detected in filing text: Off-balance sheet arrangements.
- Ongoing high-severity risk language: Restatement of financial statements.
- Price $45.30 — downtrend (below 200-DMA); 1-month momentum negative.
- RSI(14) 46.87.
- Composite risk: Elevated.
- Leverage debt/equity 1.69 (moderate).
- Receivables outpacing revenue: Accounts receivable grew +20.4% YoY vs revenue growth of +5.3%. The +15.1% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 2 recent filing(s) (vs 3 in the prior period). This risk language is ongoing.
Filings & ownership
- Latest annual report (10-K) filed Feb 12, 2026.
- Latest quarterly report (10-Q) filed Jul 30, 2026.
- 18 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Exelon Corp.; broad institutional reporting.
- Recent filers include SPHINX TRADING, LP, SPHINX TRADING, LP, Crow Point Partners, LLC.
- 20 recent 13G passive institutional ownership notices.
Full EXC analyst report
Valuation (DCF & Graham), technicals, macro exposure, risk scorecard and 13F/13D ownership.
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