Gunpowder Alerts has analyzed 805 20-F filings since March 2026 — 15% scored neutral, 7% positive, and the median materiality score is 9 out of 10.
The 20-F is the annual report that foreign private issuers — non-US companies whose securities trade on US exchanges — file with the SEC, within four months of fiscal year-end. It is the international counterpart to the domestic 10-K, and because foreign issuers file no quarterly 10-Qs, the 20-F carries an outsized share of what these companies disclose all year.
Every figure below is computed from the 20-F filings (including amendments) Gunpowder has analyzed, each scored for sentiment and materiality at analysis time. They describe our analyzed corpus — concentrated on issuers tied to the major US indices — not a census of every 20-F on EDGAR.
New to this form? Read What is a 20-F? — or see how Gunpowder scores filings.
805
20-F filings analyzed
9/10
median materiality
75%
high materiality (8+)
7%
scored positive
Monthly filing volume
20-F filings analyzed by Gunpowder per calendar month, by filing date.
| Month | Filings | Relative volume |
|---|---|---|
| Mar 2026 | 338 | |
| Apr 2026 | 358 | |
| May 2026 | 57 | |
| Jun 2026 | 29 | |
| Jul 2026 | 12 | |
| Aug 2026 | 9 | |
| Sep 2026 | 2 | |
Sentiment distribution
Pipeline-assigned sentiment at analysis time across 788 scored filings.
| Positive | 54 (7%) | |
|---|---|---|
| Neutral | 117 (15%) | |
| Mixed | 545 (69%) | |
| Negative | 72 (9%) | |
Materiality score distribution
Scores run 0 (routine) to 10 (highly material); 805 filings scored. Median 9, 75% at 8 or above. Definitions in the methodology.
| 0 | 0 | |
|---|---|---|
| 1 | 0 | |
| 2 | 10 | |
| 3 | 16 | |
| 4 | 25 | |
| 5 | 12 | |
| 6 | 70 | |
| 7 | 69 | |
| 8 | 139 | |
| 9 | 412 | |
| 10 | 52 | |
Most frequent filers
Companies with the most 20-F filings in the analyzed corpus.
| Company | Ticker | Filings |
|---|---|---|
| COCA-COLA EUROPACIFIC PARTNERS plc | CCEP | 8 |
| Controladora Vuela Compania de Aviacion, S.A.B. de C.V. | CTTRF | 8 |
| Fidelis Insurance Holdings Ltd | FIHL | 7 |
| Kingsoft Cloud Holdings Ltd | KCLHF | 7 |
| rYojbaba Co., Ltd. | RYOJ | 7 |
| Atour Lifestyle Holdings Ltd | ATAT | 6 |
| Brookfield Infrastructure Corp | BIPC | 6 |
| Brookfield Infrastructure Partners L.P. | BIPJ | 6 |
| Costamare Inc. | CMRE-PC | 6 |
| Pharming Group N.V. | PHAR | 6 |
What this page counts
EDGAR form types rolled into these statistics.
| 20-F | 741 |
|---|---|
| 20-F/A | 64 |
Recent 20-F coverage
A foreign issuer’s 20-F is often the most complete look you’ll get all year — and with no quarterlies around it, missing one means missing a lot. Gunpowder analyzes 20-Fs as they hit EDGAR so they don’t slip past.
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