How to read this data

Methodology & definitions for every label used on EveryTie.

Where every relationship comes from

We read public companies’ own annual filings — U.S. SEC Forms 10-K and 20-F. Automated extraction finds sentences in which a filer names a specific company it does business with. A relationship is published only if it passes our gate: there must be a verbatim sentence, quoted unchanged from the filing, that names the counterparty. That quote is shown on every relationship card, with a link that jumps to the sentence in the original document on sec.gov.

What we do not do: no news scraping, no rumours, no inferred links. If neither company said it in a filing, it is not on the map.

Disclosure-signal badges (gold)

A gold badge appears when the quoted sentence itself contains one of the signal types below. It is a category of what the filer said — not a rating we assigned, and not any official designation. The matching words are highlighted in the quote.

• % of revenue disclosed — the sentence quantifies the relationship as a share of revenue, sales, cost, or accounts receivable (“accounted for 16% of our revenue”).
• Sole / limited source — a sole, single, or limited number of sources, or exclusive / dedicated manufacturing.
• Stated reliance — the filer says it relies or depends primarily, heavily, or substantially on the counterparty (including “substantially all”).
• Largest customer / supplier — the counterparty is named as the largest, principal, or main customer, supplier, or vendor.
• Purchase commitment — minimum-purchase, take-or-pay, or off-take commitments.
• Joint venture / co-development — a joint venture or joint development is stated.
• Controlling ownership — controlling-interest, majority-voting-power, or consolidated-subsidiary wording.
• Major investment — a stated large committed investment (lead investor, billion-scale amounts, private placements).

Three honesty rules: (1) a negation guard blocks false badges (“no customer accounted for more than 10%” is the opposite of concentration); (2) a relationship without a badge is still real and sourced — its sentence names the counterparty without one of these signals; (3) competitor edges never get a badge: SEC rules require companies to list principal competitors, so a competitor mention is a disclosure convention, not a dependency signal.

The four relationship types

• Supplies to (green, arrowed) — one company supplies products or services to the other, as stated in a filing.
• Partners with (blue) — a stated partnership, collaboration, or joint program.
• Competes with (orange, dashed) — the filer names the other as a competitor. Remember the convention caveat above: this signals an industry adjacency the filer chose to disclose, not a dependency.
• Ownership / invests in (purple) — an equity relationship. On the full map this layer is off by default — toggle “Show ownership ties” to see it.

Relationship status

• No badge = active — the filing presents the relationship as operating.
• Announced — stated as planned or upcoming, not yet operating.
• Suspended — halted by an external constraint the filing describes (for example, US export controls), and could in principle resume. Drawn grey and dashed on maps.
• Ended relationships are removed from the map entirely rather than shown.

Ownership & accounting labels

Grey labels on a card translate the filer’s own accounting language; percentages are the owner’s stake as stated in its own filing:

• Consolidated subsidiary — the parent controls the company and includes its results in the parent’s financial statements.
• Equity-method affiliate — typically a 20–50% stake: significant influence, not control.
• Minority stake — an ownership position below significant influence.
• Joint venture — jointly owned and governed with another company.
• Captive / dedicated supplier — a supplier substantially dedicated to one customer, per the filings.

One honesty rule worth knowing: when a parent consolidates a subsidiary, we do not draw a supply line between them on the market map — an intra-group transfer is not a market relationship. The ownership tie is shown instead, in the ownership layer.

Dates on relationship cards

• Filed date — the filing date of the single document behind the quote.
• Last confirmed date · corroborated by N filings — several filings support the relationship; the date is the newest one. The quote shown cites its own filing’s date, which may be older.
• …days ago — counted from the site’s last data build, not from your visit.

The site is rebuilt as new annual filings are published; a relationship stays until a newer filing supersedes it or shows it ended.

Coverage

Today the map holds 444 companies, 784 business relationships and 47 ownership ties, built from the filings of 65 filing companies (gold nodes on the maps). A company without SEC filings appears when a filer names it — so coverage radiates outward from SEC-filing companies. Filings covered so far: 2025-08-08 – 2026-06-18.

Honest limits

• Extraction is automated (with gates and human curation), and errors are possible — always click through to the linked filing before relying on an edge.
• A missing edge is not evidence of no relationship: companies disclose selectively, and many filings name “a customer” without naming which — an anonymous counterparty cannot honestly be mapped, so we leave it off.
• Nothing here is investment advice. See the full disclaimers.