XIII
Data Validation Report
================================================================================ DATA INTEGRITY & VALIDATION REPORT ================================================================================ Stock: MELI Company: MELI Sector: Consumer Cyclical | Industry: Specialty Retail Validation Date: 2026-02-15T07:59:59.320576 Data Sources: FinQual (10-year annual) + fiscal.ai (quarterly real-time) + Alpha Vantage Source Priority: fiscal.ai (real-time) > FinQual (API) -------------------------------------------------------------------------------- 📊 FORMULA VERIFICATIONS -------------------------------------------------------------------------------- ✓ Gross Margin Verification (FY 2024 GAAP): Formula: Gross Profit / Revenue × 100 Calculation: $9,577,000,000 / $20,777,000,000 × 100 = 46.09% Status: ✅ VALID (0-100%) ✓ Operating Margin Verification (FY 2024 GAAP): Formula: Operating Income / Revenue × 100 Calculation: $2,631,000,000 / $20,777,000,000 × 100 = 12.66% Hierarchy Check: Operating Margin (12.66%) ≤ Gross Margin (46.09%) Status: ✅ VALID ⚠️ P/E Ratio: Not calculable (insufficient data) 📋 METRIC CLASSIFICATIONS -------------------------------------------------------------------------------- [HISTORICAL DATA AVAILABILITY]: Annual Statements: 10 years (2016 - 2025) Quarterly Data: 10 periods (latest: LTM) Source: FinQual 10-K + fiscal.ai scraping [TTM - Trailing Twelve Months] (as of LTM): Revenue: $26,193,000,000 Net Income: $2,077,000,000 EPS (Diluted): $40970000.00 Source: fiscal.ai quarterly scraping [FY 2024 GAAP] (Annual Audited): Revenue: $20,777,000,000 Net Income: $1,911,000,000 EPS (Diluted): $37.69 Source: FinQual 10-K filings [Current Market Data]: Stock Price: $1988.26 Market Cap: $100,800,000,000 Source: fiscal.ai real-time scraping (verified) ⚠️ DATA DISCREPANCIES & RESOLUTIONS -------------------------------------------------------------------------------- ✅ No significant discrepancies between data sources All metrics validated within tolerance thresholds 🔍 DATA QUALITY ASSESSMENT -------------------------------------------------------------------------------- 🔴 Issue 1 [HIGH]: Invalid revenue data Detail: Revenue for 2025: None 📝 DATA EXCLUSIONS & ADJUSTMENTS -------------------------------------------------------------------------------- The following adjustments were made to ensure data accuracy: • Non-GAAP metrics clearly labeled as [Adjusted] • Forward estimates labeled as [Forward Estimate] with source attribution • Missing or invalid data points marked as 'N/A' rather than estimated • fiscal.ai quarterly data preferred over annual for recency ================================================================================ VALIDATION SUMMARY ================================================================================ ❌ Overall Status: FAILED 📊 Data Completeness: • Annual Statements: 10 years • Quarterly Data: 10 quarters • Balance Sheet: 10 years 🔒 Data Integrity: • Formula Verifications: Completed • Margin Validations: Completed • Cross-Source Checks: 0 discrepancies resolved ✓ Institutional-Grade Standards: • All metrics labeled with data type (FY GAAP/TTM/Adjusted/Forward) • Source attribution for all data points • Formula calculations shown and verified • Data hierarchy validated (Operating ≤ Gross margins) ================================================================================