Enterprise software, consulting, and hybrid cloud; sells AI (watsonx) and mainframes to large organizations.
| Indicator | Score | Band |
|---|---|---|
| Depreciation Integrity | 25 | GREEN–AMBER (~25) |
| Capex-vs-Demand Gap | 30 | GREEN–AMBER (~30) |
| Insider-Selling Intensity | 30 | GREEN–AMBER (~30) |
| Financing Opacity / Circular Leverage | 30 | GREEN–AMBER (~30) |
| Energy & Diminishing Returns | 20 | GREEN (~20) |
| Organic End-User Demand | 48 | AMBER (~48) |
Q. You claim IBM has "generative AI book of business" of ~$12B+. Where is that in the 10-K?
A. It is NOT in the 10-K. The 10-K does not break out a specific AI revenue line. The "book of business" figure (>$12.5B as of the Q4 2025 call on 2026-01-28: ~$2B software + ~$10.5B consulting) comes from earnings calls (CEO Krishna), not from filed documents, and is inception-to-date bookings rather than GAAP revenue. The closest filed metric is OpenShift ARR of $1.9B (>30% YoY growth). Watsonx rev
EVIDENCE: filed · scores from the engine · I5/I6 carry a score with no underlying instrument — stated where drilled.
AWAITING LIVE SERIES · wires from /api/prices · held state stands if the wire fails
SEC XBRL companyfacts · every row carries its accession · 8 quarters · refreshes off the 8-K 2.02 earnings event
Earnings window. no dated next-print for this firm in the calendar yet — the 59-of-68 coverage gap.
Score 30.0/100 from the engine.
No discretionary (no-plan) open-market selling on the recent record — plan sales, gifts and awards stated as what they are.
| Owner | Role | Date | Type | Value | Basis |
|---|---|---|---|---|---|
| Robinson Anne | Senior Vice President | 2026-07-01 | Option exercise | — | — |
| Robinson Anne | Senior Vice President | 2026-07-01 | Tax withholding | $933,003 | — |
| Robinson Anne | Senior Vice President | 2026-07-01 | Option exercise | — | — |
| Robinson Anne | Senior Vice President | 2026-07-01 | Tax withholding | $223,932 | — |
EDGAR Form 4, parsed structured · last 4 txns · asof 2026-07-20 · refreshes off the Form-4 event class
| Announced cuts (2026) | 9,000 |
| Date | 2025-26 |
| Confidence | medium |
| Attribution | AI-DRIVEN |
| Driver | ai-reallocation |
| Source | press / prior catalog |
~9k cut (3%) from back-office/HR roles it says AI (askHR) now performs; reinvesting into AI consulting headcount.
Video. no verified channel in the map yet — our gap, stated (the map grows by verification, never by guess).
≤5 news · ≤2 video · rolling window, never an archive · ranked from the 2026-08-08 sweep · refreshes Saturday
Notes. held open — The desk has not ruled this slot.
Company data is compiled from primary sources — SEC filings, the fragility engine, and our own roster. Narrative summaries are AI-assisted; every figure comes from the record, not the model.