| 1.01 | Revenue recognized out of the opening client-deposit balance is not disclosed | Compliance gap | Medium | Financial statements, US GAAP and Regulation S-X | Interpretation |
| 4.01 | The only critical accounting estimate in the MD&A repeats the impairment policy note and gives no uncertainty, change or sensitivity analysis | Compliance gap | Medium | Regulation S-K narrative: business, risk factors and MD&A | Established |
| 4.02 | Adjusted EBITDA is said to remove 'non-recurring items', but its adjustments are equity compensation and asset-disposal results that recur every year | Compliance gap | Medium | Regulation S-K narrative: business, risk factors and MD&A | Interpretation |
| 4.03 | The liquidity discussion does not analyze lease obligations of [n] dollars and gives no long-term view of how its cash requirements will be met | Compliance gap | Medium | Regulation S-K narrative: business, risk factors and MD&A | Interpretation |
| 4.04 | 'Total capital expenditures, net of landlord contributions' is built from net investing cash flows, so 2024 capital spending is understated by [n] dollars of asset-sale proceeds | Compliance gap | Medium | Regulation S-K narrative: business, risk factors and MD&A | Interpretation |
| 1.02 | The equity based compensation note does not give the income tax benefit recognized on compensation cost | Compliance gap | Low | Financial statements, US GAAP and Regulation S-X | Interpretation |
| 1.03 | Schedule II is omitted, but the notes do not carry the movement in the inventory reserve that the schedule requires | Compliance gap | Low | Financial statements, US GAAP and Regulation S-X | Interpretation |
| 1.04 | Equity statement: the Class A share column and two captions do not match what the figures contain | Presentation | Low | Financial statements, US GAAP and Regulation S-X | Established |
| 4.05 | MD&A says the rise in income tax was 'primarily due to higher income before taxes', but higher pre-tax income explains less than a tenth of it | Presentation | Low | Regulation S-K narrative: business, risk factors and MD&A | Established |
| 4.06 | Risk factors say the auditor is unable to express an opinion on internal control, but the auditor's report gives an adverse opinion | Presentation | Low | Regulation S-K narrative: business, risk factors and MD&A | Established |
| 1.05 | No revenue by product group, although the 10-K names six merchandise categories and sizes one vendor's upholstery products at about 10% of revenue | Question | Medium | Financial statements, US GAAP and Regulation S-X | Interpretation |
| 2.01 | A director determined to be independent had a consulting agreement with the Company that the independence discussion does not describe | Question | Medium | Governance, controls and certifications | Interpretation |
| 2.02 | Item 9A reports a material weakness remediated by year end but also says there were no changes in internal control in the fourth quarter | Question | Medium | Governance, controls and certifications | Interpretation |
| 3.01 | Note 12 gives the rent on three related-party leases but not the lease liabilities owed to those parties | Question | Medium | Related parties | Interpretation |
| 4.07 | Tariffs already paid in 2025 are described in Item 1A only as a possible future cost | Question | Medium | Regulation S-K narrative: business, risk factors and MD&A | Interpretation |
| 4.08 | Inventory reserves doubled to [amount] in 2025; neither the note nor management's discussion says why | Question | Medium | Regulation S-K narrative: business, risk factors and MD&A | Interpretation |
| 1.06 | The 2025 PSU grant added a relative-TSR goal valued by Monte Carlo simulation, but none of the valuation assumptions are given | Question | Low | Financial statements, US GAAP and Regulation S-X | Interpretation |
| 1.07 | The debt note does not describe the credit facility's restrictions on dividends or the amount free of restriction | Question | Low | Financial statements, US GAAP and Regulation S-X | Interpretation |
| 2.03 | Item 1C names the executives who lead cybersecurity but describes their expertise only in general terms | Question | Low | Governance, controls and certifications | Interpretation |
| 4.09 | Item 7A discusses interest-rate risk only on undrawn borrowings, not on the cash invested in money market funds that earns interest income | Question | Low | Regulation S-K narrative: business, risk factors and MD&A | Interpretation |
| 5.01 | How far does the net revenue analysis meet the [date] undertaking to the SEC staff to quantify each factor? | Question | Low | Auditor's report, ICFR and the SEC filings record | Interpretation |
| 6.01 | The exhibit index no longer lists the related-party leases filed as material contracts at the offering, and the 2025 Loft lease amendment was not filed | Question | Low | Cover page, exhibits, XBRL and other disclosures | Interpretation |
| 7.01 | Forepart drafting slips: one table-of-contents page number and two risk-factor wording errors | Drafting | Low | Cover page, exhibits, XBRL and other disclosures | Established |
| 7.02 | Wording slips in the credit facility paragraphs and Item 7A | Drafting | Low | Regulation S-K narrative: business, risk factors and MD&A | Established |
| 7.03 | MD&A defines Free Cash Flow as a non-GAAP measure but the 10-K never presents it | Drafting | Low | Regulation S-K narrative: business, risk factors and MD&A | Established |
| 7.04 | Item 15 list and Exhibit 32.1: two wording slips | Drafting | Low | Cover page, exhibits, XBRL and other disclosures | Established |
| 7.05 | Exhibit 10.[n] cites the wrong quarterly report for the Second Amendment to the credit agreement | Drafting | Low | Cover page, exhibits, XBRL and other disclosures | Established |