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SeeNote makes every footnote reference in an SEC filing clickable. The note opens right where you are, so you never lose your place in a 300-page 10-K again.

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🔒sec.gov/Archives/edgar/data/0001594109/mrdn-20250630.htm
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PART II
Item 8
NOTE 1 — ACCOUNTING POLICIES

Recast of Certain Prior Period Information

In August 2025, we announced changes to the composition of our segments. Prior period segment information has been recast to conform to the way we internally manage and monitor our business during fiscal year 2025. These changes primarily impacted and .

Unearned Revenue

Unearned revenue by segment was as follows:

(In millions)
June 30,20252024
Industrial Automation$4,182$3,647
Process Systems 2,058 1,894
Aftermarket Services 936 871
Total$7,176$6,412

The increase in unearned revenue was driven primarily by contract liabilities assumed in the Halden Systems acquisition and growth in multi-year service arrangements. Refer to of the Notes to Financial Statements (Part II, Item 8 of this Form 10-K) for the related tax effects.

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Built for the people who actually read the notes

  • Equity Research
  • Credit Analysis
  • Private Equity
  • Audit & Assurance
  • Forensic Accounting
2×

Median 10-K length roughly doubled between 1996 and 2013, and disclosure volume keeps growing.*

150–300

Pages in a typical mid- to large-cap 10-K, with the notes making up roughly half.

~3 hrs

Estimated time for an expert to properly read one 10-K. Most of it spent navigating, not thinking.

* 10-K length data: Dyer, Lang & Stice-Lawrence, Journal of Accounting and Economics (2017). Reading-time figure is our own estimate for a full sequential read.

Product

What does SeeNote do?

SeeNote is a Chrome extension for EDGAR. It detects every cross-reference in a filing, like "see Note 12" or "refer to Note 7," and turns it into a link that opens the note in an inline popup. Cross-references inside notes work too, so you follow the chain without ever scrolling away.

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Inline note popups

Click any "see Note X" and the note opens right where you're reading. Close it, and you're exactly where you left off. The round trip (reference, scroll, read, scroll back, find your paragraph) is gone.

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Cross-reference chains

Notes reference other notes. Tax references intangibles, intangibles reference the acquisition. SeeNote links the whole chain, so you follow the story instead of the pagination.

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Works on real EDGAR

Classic HTML filings and the inline XBRL viewer. References light up automatically on sec.gov.

⚡︎

Zero latency

The filing is already in your browser. Parsing happens locally, so popups open instantly, even offline.

⌘

Keyboard-first

Close with Esc. Navigate chains without touching the mouse. Built for people who read fifty filings a quarter.

The verbatim principle

No AI. No summaries. No interpretation.

Every AI tool wants to read the filing for you, and serious analysts have learned what that costs: invented legal proceedings, mangled tax mechanics, hours spent checking the algorithm instead of reading the source. SeeNote does the opposite. It shows you the exact, unaltered text management filed. It just brings that text to where you are.

Never summarizes

You read the auditor's exact verbiage, not a paraphrase. The change from "we expect" to "we may" is the signal, and a summary would erase it.

Never interprets

SeeNote is a navigational instrument, not an analyst. The thinking stays yours; the tool only removes the scrolling between you and the text.

Never hallucinates

There is no model to hallucinate. The popup is the filing itself, cloned in place: the same characters, in the same order, as the source document.

Why it matters

The substance lives in the notes

Taxes, leases, goodwill, contingencies, segment detail: the numbers that change an investment view sit in the footnotes, and the document sends you back and forth to reach them. Filings keep getting longer while your reading time doesn't.

If you read 10-Ks, you know the ritual: find the reference, scroll 180 pages, read the note, scroll back, find your paragraph again. Analysts describe keeping two windows open, printing entire filings, or leaning on Ctrl+F just to move around a document. SeeNote removes the round trip entirely.

"I built SeeNote because I was tired of losing my place. The information I needed was always three hundred pages away from the sentence that pointed to it. This is the reading experience filings should have shipped with."
Founder, SeeNote
Security & privacy

Private by architecture, not by policy

SeeNote has no servers, no accounts, and no telemetry. That is a design constraint, not a promise. There is nothing to breach because nothing leaves your machine.

100% local execution

The filing is already rendered in your browser. SeeNote parses that page in-place and never transmits the document anywhere.

Zero data collection

No reading history, no analytics beacons, no user profiles. What you research is your business, and your compliance department's.

Minimal permissions

The extension requests access to sec.gov pages only. It cannot see or touch any other tab, site, or credential.

Pricing

How much does SeeNote cost?

SeeNote is $10 per month with a 14-day free trial that starts at launch, not at signup. Join the early-access list now, use the full product free for two weeks when it ships, and only pay if it earns a place in your workflow.

Individual · Early access
$10/ month  ·  or $96 / year (save 20%)

14-day free trial from launch day · cancel anytime · no charge today

  • Unlimited filings, unlimited note popups
  • Cross-reference chain navigation
  • Classic HTML and inline XBRL viewer support
  • Runs locally with zero data collection

Pre-ordering records your intent and locks the launch price. No card, no payment, nothing to cancel.

You're on the list. We'll email you at launch, and your 14-day trial starts then.

Need seats for a research desk or audit team? Talk to us about team licensing.

FAQ

Frequently asked questions

What is SeeNote?

SeeNote is a Chrome extension for reading SEC filings on EDGAR. It detects every cross-reference like "see Note 12" and makes it clickable, opening the referenced note in an inline popup so you read it without scrolling away from your place.

How does the free trial work?

Every early-access signup gets a 14-day free trial that starts on launch day, not signup day. You use the full product for two weeks after it ships, then it's $10 per month. Cancel anytime during the trial and pay nothing.

Does pre-ordering charge my card?

No. Pre-ordering charges nothing and collects no payment details. It records that you intend to subscribe at $10/month, which locks that price for you at launch. You'll only ever be asked to pay after the product ships and your 14-day trial ends.

Which filings does SeeNote work on?

Filings viewed on sec.gov: 10-Ks and 10-Qs in both the classic HTML view and the inline XBRL viewer. Support for more document sources is planned based on what early users ask for.

Does SeeNote use AI?

No. SeeNote contains no language model and generates no text. It locates the note referenced in the filing and shows you its exact, unaltered contents in a popup. SeeNote never summarizes, interprets, or rewrites the text, so there is nothing to hallucinate.

Will it support non-US filings?

The roadmap after the EDGAR launch targets PDF-based markets where the navigation pain is even worse: Canada (SEDAR+), Australia (ASX), and Hong Kong (HKEX), plus European ESEF XHTML reports. Early-access subscribers will vote on the order.

Does SeeNote collect my data?

No. SeeNote runs entirely in your browser. The filing is already on your screen; SeeNote parses it locally and never sends the document, your reading activity, or any personal data to a server.

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