{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-225371","form_type":"8-K","ticker":"LOGC","cik":"0002064307","company_name":"ContextLogic Holdings Inc.","filed_at":"2026-05-15T12:05:17+00:00","discovered_at":"2026-05-15T12:10:00.409457+00:00","generated_at":"2026-05-15T12:12:34.916366+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"ContextLogic Q1 2026 combined revenue flat at $32.4M; net income $17M on $41.9M tax benefit","bullets":["Combined non-GAAP revenue $32.4M (flat YoY); shipped volumes down 7% to 102.4K tons due to winter storms and Watkins Glen disruptions.","Combined non-GAAP net income $17.0M vs $2.9M YoY, boosted by a $41.9M discrete tax benefit from the US Salt acquisition.","Combined adjusted EBITDA $11.6M vs $12.5M YoY, reflecting ~$1M of new CLHI Corporate costs.","Free cash flow was ($20.6)M vs $1.3M due to acquisition-related transaction expenses.","45.7M weighted average common shares outstanding (public co.); 101.6M total LLC units."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-225371","json":"https://secwatch.observer/filing/0001193125-26-225371.json","markdown":"https://secwatch.observer/filing/0001193125-26-225371.md","text":"https://secwatch.observer/filing/0001193125-26-225371.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2064307/000119312526225371/0001193125-26-225371-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2064307/000119312526225371/logc-20260515.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T12:12:34.916366+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2520f9691028413f652e732e496fccb3c09f9e69","claim":"ContextLogic Holdings Inc. reported first quarter ended March 31, 2026 results: revenue $32.4 million, net income $17.0 million.","evidence_excerpt":"Holdings Inc., distinct and separate from the operating results of US Salt. First Quarter 2026 Results Revenue: Combined non-GAAP revenue for the first quarter of 2026 was $32.4 million, essentially flat compared to $32.3 million in the first quarter of 2025. Shipped volumes of 102.4 thousand tons declined 7% from 110.2 thousand tons in the prior-year quarter,","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/2064307/000119312526225371/0001193125-26-225371-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2026"},{"label":"Revenue","value":"$32.4 million"},{"label":"Net income","value":"$17.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}