#plain-text-accounting
Discover the power of version-controlled, human-readable financial records
NVIDIA's Q1 FY2027 revenue hit $81.6B (+85% YoY) and net income $58.3B (+211%), but $15.9B of that profit came from marking up its equity portfolio, not selling chips — core net income is closer to $42.4B. The quarter also retired the five-segment breakout for two platforms, Data Center (92% of revenue) and Edge Computing. Full income statement and balance sheet, FY2024–Q1 FY2027, in a public Beancount ledger.
Palantir's Q1 2026 revenue grew 84.7% to $1.633 billion while total costs grew only 24%, lifting operating margin to 46.2% and net margin to 53.7% — a net margin that exceeds the operating margin because interest income adds $134.6 million and the effective tax rate is just 1.4%, against an accumulated deficit that still stands at $2.69 billion.
Robinhood's Q1 2026 revenue grew 15% to $1.07 billion and missed consensus, as a 47% collapse in crypto revenue was nearly offset by 320% growth in event-contracts (prediction market) revenue, which overtook crypto as a transaction-revenue line for the first time.
Tesla's Q1 2026 revenue reached $22.4 billion (+16% YoY) with automotive gross margin hitting a 5-quarter high of 19.2% ex-regulatory-credits, but a capex guidance raise to over $25 billion and a $2.0 billion SpaceX equity stake sent the stock down 3.56% despite the earnings beat. Full income statement and balance sheet, FY2021-Q1 2026, in a public Beancount ledger.
Airbnb closed FY2025 with $12.2B revenue (+10.3%), $2.5B net income, and a net margin down 3.4 points as it funded services, experiences, and hotels while repurchasing $3.8B in stock. A bull-vs-bear analysis backed by an open double-entry Beancount ledger covering FY2023 through Q1 2026.
Microsoft FY2026 Q3 revenue rose 18.3% to $82.9B as Azure re-accelerated to 40% growth, tracking capex near $190B.
Intuit discontinued QuickBooks Desktop 2023 on May 31, 2026 — payroll tax tables froze, bank feeds disconnected, and security patches stopped. What still works, four migration paths with current pricing, and a step-by-step checklist for a clean cutover.
QuickBooks Online Accountant is fully discontinued on December 31, 2026, with every firm moving to Intuit Accountant Suite's free Core tier or paid Accelerate/Books Close tiers; here are the key dates and a migration checklist for accounting firms.
The OBBBA's one-time retroactive Section 174 election for 2022–2024 R&D amortization closed July 6, 2026, but the standard three-year R&D credit window and permanent 2025+ immediate expensing under Section 174A remain available to small businesses.
SpaceX's IPO filing shows FY2025 revenue of $18.7B (+33%) and a $4.9B net loss — Starlink earned a $4.4B operating profit at a 38.8% margin while the AI segment (X and xAI) lost $6.4B on $3.2B of revenue and consumed $12.7B of capex. A bull-vs-bear analysis backed by an open double-entry Beancount ledger covering FY2023 through Q1 2026.
US billboard ground leases pay landowners 15–20% of ad revenue or flat rent — tax treatment and escalators over 10–20 years.
First-time SBIR/STTR awardees rarely fail audits on the science — they fail on indirect cost rates, timekeeping, and commingled funds. How to calculate your own indirect rate (DOE now caps reimbursement at 15% for for-profits), log daily hours DCAA will accept, and segregate award money before the SF 1408 survey.
