Read a company's numbers.
Don't just look them up.
Short drills on real company filings, in a spreadsheet in your browser. Pull Q4 out of a 10-K, compute P/E and free cash flow yourself, build a DCF one cell at a time, and learn what chart indicators actually measure.
| Apple FY2022, $M | Q1 | Q2 | Q3 | Year (10-K) | Q4 |
|---|---|---|---|---|---|
| Net sales | 123945 | 97278 | 82959 | 394328 | 90146 |
=E2-SUM(B2:D2)
✓ Correct. There's no 10-Q for the fourth quarter: it's the 10-K's full year minus the first three quarters.
Real filings
Numbers come from companies' actual SEC filings, so you learn to read the documents analysts read.
You do the math
Every ratio is a formula you write in a real spreadsheet, checked instantly, with an explanation when it's wrong.
Honest about limits
What each ratio and indicator tells you, and what it doesn't. Educational, not investment advice: no stock picks.
The path
The quiz and lessons 1, 2 and 7 are free. The rest is part of SheetDrill Pro, which also unlocks the Excel and SQL lessons.
Fundamental analysis
Finance quiz
10 questions, from reading a 10-Q to DCF and moving averages
1. Read a 10-K
Apple fiscal 2022: Q4 from the 10-K, margins, growth, services share, EPS. 7 drills
2. P/E, forward P/E and P/B
Market cap, two ways to get P/E, book value, earnings yield. 7 drills
3. Free cash flow
Why profit isn't cash, and the number a DCF is built on
4. The balance sheet
Debt, liquidity, buybacks and what equity really means
5. Valuing a company with a DCF
Project cash flows, discount them, terminal value, value per share
6. Comparing companies
EV/EBITDA, peers, and growth-adjusted P/E
Technical analysis basics
7. Candlesticks and volume
Body, wicks, gaps and relative volume, on Apple's real chart around its October 2022 earnings. 8 drills
8. Moving averages and crosses
Compute them yourself, golden and death crosses, and why they lag
9. RSI and momentum
Overbought and oversold: what RSI measures and where it misleads
10. Support, resistance and Fibonacci
The levels traders watch, and how to test them honestly