{"schemaVersion":1,"research":true,"symbol":"ebay","name":"EBAY","topic":"moat","path":"/stock/ebay/moat","status":"published","version":3,"updatedAt":"2026-10-18T13:35:56.430Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"uncertain","summary":"eBay has an established global marketplace and improving monetization, but the supplied passages do not establish durable network effects or customer dependence. Buyer accounts increased modestly across 2023–2025, while GMV and advertising adoption grew. Seller multichannel use and competing formats constrain exclusivity. Advertising monetization demonstrates some pricing capability, but does not establish sustained fee pricing power. The evidence supports uncertainty about competitive durability, rather than a demonstrated absence of a moat.","advantages":[{"mechanism":"network_effects","claim":"The existing buyer and listing base provides substantial trading reach and could support two-sided network effects. Superior matching, exclusive inventory and a self-reinforcing liquidity advantage are not demonstrated.","durability":"Marketplace activity persisted across the supplied reporting periods, with growing buyer accounts and GMV. The durability of a competitive advantage remains unestablished.","risks":"Sellers increasingly use multiple channels; social commerce and free-to-sell formats challenge eBay. Third-party discovery and seller tools can redirect activity. Chargeback costs have increased, although recent marketplace growth counters an inference of broad realized erosion.","invalidation":"The network-effect hypothesis would weaken if comparable-period buyer activity and completed sales persistently declined, sellers shifted inventory elsewhere, or monetization changes repeatedly required reversal to preserve participation. Stronger confirmation would require sustained matching or seller-outcome advantages over alternatives.","competitors":["Amazon","Alibaba","Zalando","Etsy","Shopify","Google Shopping","Instagram","TikTok"],"evidenceIds":["e1","e2","e3","e4","e5","e6"],"counterEvidenceIds":["e7","e8","e9","e10","e11","e12","e13"]}],"evidence":[{"id":"e1","sourceId":"filing-5","location":"Business — 2023 marketplace buyer reach","excerpt":"As a global commerce leader and third-party marketplace, our technologies and services are designed to provide buyers choice and a breadth of relevant inventory from around the globe, and to enable sellers’ access to eBay’s 132 million buyers worldwide."},{"id":"e2","sourceId":"filing-4","location":"Business — 2024 marketplace buyer reach","excerpt":"As a global commerce leader and third-party marketplace, our technologies and services are designed to provide buyers choice and a breadth of relevant inventory from around the globe, and to enable sellers’ access to eBay’s 134 million buyers worldwide."},{"id":"e3","sourceId":"filing-1","location":"Business — 2025 active buyers and live listings","excerpt":"At the end of 2025, eBay had 135 million active buyers and 2.5 billion live listings globally."},{"id":"e4","sourceId":"filing-3","location":"2025 performance highlights — GMV growth","excerpt":"Gross Merchandise Volume (“GMV”) was $79.6 billion, up 7% on an as-reported basis and up 6% on an FX-Neutral basis."},{"id":"e5","sourceId":"filing-2","location":"MD&A — 2026 focus-category and recommerce growth","excerpt":"GMV growth across Focus Categories, C2C and Recommerce, which includes pre-owned and refurbished goods, outpaced the remainder of our Marketplace, with particularly strong performance in Collectibles, Motors Parts & Accessories, Fashion and Refurbished Goods."},{"id":"e6","sourceId":"filing-2","location":"MD&A — C2C growth across major markets","excerpt":"C2C growth outpaced B2C growth across the United States, the United Kingdom and Germany."},{"id":"e7","sourceId":"filing-4","location":"Competition — sellers increasingly use multiple sales channels","excerpt":"In addition, sellers are increasingly utilizing multiple sales channels, including search-related advertisements on horizontal search engine sites, such as Google, to attract new customers."},{"id":"e8","sourceId":"filing-4","location":"Competition — social commerce and free-to-sell formats","excerpt":"In certain markets, our fixed-price listing and traditional auction-style listing formats are increasingly being challenged by other formats, such as social commerce and business models, such as free-to-sell marketplaces."},{"id":"e9","sourceId":"filing-5","location":"Competition — named general and specialized ecommerce alternatives","excerpt":"Consumers and merchants who might use our sites to sell goods also have many alternatives, including general ecommerce sites, such as Amazon, Alibaba, and Zalando, and more specialized sites, such as Etsy."},{"id":"e10","sourceId":"filing-5","location":"Competition — multichannel services","excerpt":"Sellers may also choose to sell their goods through other channels, such as multi-channel services like Shopify or classifieds platforms."},{"id":"e11","sourceId":"filing-4","location":"Competition — shopping comparison and social purchasing alternatives","excerpt":"These consumers can also turn to shopping-comparison sites, such as Google Shopping, or social networks that enable purchases such as Instagram and TikTok."},{"id":"e12","sourceId":"filing-1","location":"Risk factors — seller-tool dependence and potential inventory migration","excerpt":"Additionally, if sellers are unable to access tools that automate their listings, or if the providers of these tools no longer automated eBay listings among their services, our sellers may sell their good through one of our competitors or not at all, which could reduce the breadth and relevance of our inventory and harm our business."},{"id":"e13","sourceId":"filing-1","location":"Risk factors — realized increase in chargeback costs","excerpt":"We have experienced and expect to continue to experience increased costs from chargebacks through our payments platforms, due to forced transaction reversals initiated by buyers through their payment card issuers."},{"id":"e14","sourceId":"filing-2","location":"MD&A — advertising adoption, attribution changes and monetization","excerpt":"The increase in first party advertising revenue was driven by increased adoption and attribution changes that enhanced our ability to convert first-party ads, which increased monetization during the period."},{"id":"e15","sourceId":"filing-2","location":"MD&A — marketplace and advertising revenue results","excerpt":"The following table presents net revenues for the periods indicated (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Marketplace revenues $ 2,538 $ 2,248 13 % $ 5,046 $ 4,391 15 % Advertising revenues 596 482 24 % 1,177 924 27 % Net revenues $ 3,134 $ 2,730 15 % $ 6,223 $ 5,315 17 % Seasonality We expect volume on our Marketplace platforms to trend with general consumer buying patterns."},{"id":"e16","sourceId":"filing-6","location":"Quarter highlights — first-quarter operating margin decline","excerpt":"Operating margin decreased to 19.8% for the three months ended March 31, 2026 compared to 23.6% during the same period in 2025."},{"id":"e17","sourceId":"filing-2","location":"Quarter highlights — second-quarter operating margin improvement","excerpt":"Operating margin increased to 21.6% for the three months ended June 30, 2026 compared to 17.6% during the same period in 2025."},{"id":"e18","sourceId":"filing-2","location":"MD&A — cost of net revenues relative to revenues","excerpt":"The following table presents cost of net revenues for the periods indicated (in millions, except percentages): Three Months Ended June 30, Six Months Ended June 30, 2026 2025 % Change 2026 2025 % Change Cost of net revenues (1)(2) $ 832 $ 750 11 % $ 1,634 $ 1,447 13 % Percentage of net revenues 27 % 27 % 26 % 27 % (1)Cost of net revenues was net of immaterial hedging activity for the three and six months ended June 30, 2026 and 2025."},{"id":"e19","sourceId":"filing-3","location":"2025 performance highlights — operating and free cash flow","excerpt":"Generated $2.0 billion of operating cash flow and $1.5 billion of free cash flow from continuing operations."},{"id":"e20","sourceId":"filing-3","location":"2025 performance highlights — actual capital returns","excerpt":"Returned over $3.0 billion to stockholders, including $2.5 billion of share repurchases and $531 million paid in cash dividends."},{"id":"e21","sourceId":"filing-1","location":"Note 13 — stock-based compensation expense and future expense","excerpt":"104 Table of Contents eBay Inc. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) Stock-Based Compensation Expense The following table presents stock-based compensation expense for the periods indicated (in millions): Year Ended December 31, 2025 2024 2023 Cost of net revenues $ 57 $ 54 $ 53 Sales and marketing 88 91 92 Product development 292 281 272 General and administrative 170 162 158 Total stock-based compensation expense $ 607 $ 588 $ 575 Capitalized in product development $ 20 $ 20 $ 16 As of December 31, 2025, there was $902 million of unearned stock-based compensation that will be expensed from 2026 through 2030."},{"id":"e22","sourceId":"filing-2","location":"Quarter highlights — debt repayment and commercial paper issuance","excerpt":"We repaid the $750 million aggregate principal amount of our previously outstanding 1.400% senior notes due 2026 on the date of maturity and issued $750 million aggregate principal amount of commercial paper notes."},{"id":"e23","sourceId":"filing-2","location":"Quarter highlights — acquisition closing on July 30, 2026","excerpt":"The transaction closed on July 30, 2026."},{"id":"e24","sourceId":"filing-2","location":"Quarter highlights — acquisition cash consideration","excerpt":"We paid $1.4 billion in cash, inclusive of preliminary purchase price adjustments, subject to finalization."},{"id":"e25","sourceId":"filing-3","location":"Executive compensation — actual 2025 equity grant mix","excerpt":"Of our equity grants made to executive officers in 2025, 60% of the target equity value was comprised of PBRSUs and 40% was comprised of time-based RSUs."},{"id":"e26","sourceId":"filing-3","location":"Executive compensation — financial and relative shareholder-return metrics","excerpt":"Annual Cash Incentives 60% 40% Performance-Based Long-Term Equity Incentives Base Salary based Restricted Stock Units (PBRSUs) Form Key Objective % of Target Equity Value Time-based Restricted Stock Units (RSUs) Hold executives accountable for long-term Company financial performance against FX-neutral revenue, non- GAAP operating margin, and return on invested capital metrics, and three-year relative total shareholder return."},{"id":"e27","sourceId":"filing-3","location":"Executive compensation — annual financial target setting","excerpt":"Targets In light of the dynamic macroeconomic environment, the three one-year financial performance targets are generally set in a manner consistent with the current year budget."},{"id":"e28","sourceId":"filing-3","location":"Corporate governance — independence, stockholder rights and compensation safeguards","excerpt":"eBay’s governance practices include the following features: Strong Board independence (11 of 12 current directors are independent) All of our directors stand for election annually Majority vote standard for uncontested director elections Director resignation policy for director nominees who do not receive a majority vote Stockholder right to request eBay to call a special meeting Simple majority vote standard for extraordinary transactions and amendments to bylaws Proxy access bylaws Strong stockholder engagement practices Separate Board Chair and CEO roles Independent Board Chair with robust responsibilities Clawback policies that meet and exceed SEC requirements Stock ownership requirements for our executive officers and directors Anti-hedging and anti-pledging policies Director Nominees Director Committees* Other Public Nominee Affiliation Age Since AC CHCC CGNC RC TC Company Boards Adriane M."},{"id":"e29","sourceId":"filing-1","location":"Commitments and contingencies — independent compliance monitor under DPA","excerpt":"Additionally, during the three-year term of the DPA, the Company is subject to an independent compliance monitor to assess its compliance program and, where appropriate, to modify that program."},{"id":"e30","sourceId":"filing-1","location":"Commitments and contingencies — paid penalty","excerpt":"The Company also paid a $3 million penalty."},{"id":"e31","sourceId":"filing-1","location":"Independent auditor opinion — effective financial reporting controls","excerpt":"Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2025, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO."},{"id":"e32","sourceId":"filing-1","location":"Business — active buyer definition","excerpt":"The term “active buyer” means, as of any date, all buyer accounts that paid for a transaction on our Marketplace platforms within the previous 12-month period."},{"id":"e33","sourceId":"filing-1","location":"Business — multiple accounts per buyer","excerpt":"Buyers may register more than once and, as a result, may have more than one account."},{"id":"e34","sourceId":"filing-2","location":"MD&A — GMV includes returns and cancellations","excerpt":"GMV consists of the total value of all paid transactions between users on our Marketplace platforms during the applicable period inclusive of shipping fees and taxes, without adjustment for returns or cancellations."},{"id":"e35","sourceId":"filing-2","location":"MD&A — marketplace commission and fee structure","excerpt":"Net Revenues We generate revenues from the following activities: Marketplace revenues primarily consist of commissions related to the connection service including final value fees, listing fees, feature fees, and foreign exchange fees."}],"changes":["Retained the previous uncertain verdict: operating growth and monetization do not establish durable competitive superiority.","Added historical buyer reach, named competitive alternatives, seller multichannel behavior and realized chargeback costs.","Added pricing and management assessments using operating results and actual compensation and governance disclosures. The acquisition closed on July 30, 2026; its returns remain unproven."],"limitations":["Sources retain dateKind filed: February 28, 2024; February 27, 2025; February 19, April 29, April 30 and August 6, 2026. No subsequent developments are assumed.","Operating disclosures establish activity and outcomes; issuer explanations attributing growth to strategy do not isolate management contribution or prove network effects.","Named competitors are disclosed alternatives, with several names coming from older filings. The passages do not provide current comparative market shares, liquidity, seller economics or customer acquisition costs.","Active buyers are accounts with at least one paid transaction in twelve months, and individuals may have multiple accounts. Counts do not establish repeat-purchase rates or cohort retention.","GMV includes returns and cancellations. Growth therefore does not directly measure completed, retained purchases.","Advertising revenue and attribution changes establish improved monetization, but the passages omit comparable fee schedules, pricing elasticity and contractual repricing rights.","The proxy provides actual compensation design and governance practices, but the supplied passages do not establish executive ownership amounts or compliance with ownership requirements. No proposed vote is treated as completed adoption."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":null,"rationale":"Large buyer and listing bases support a plausible network-effect mechanism, but comparative liquidity, exclusivity and barriers to replication are unestablished.","evidenceIds":["e1","e2","e3","e9"]},{"criterion":"durability","grade":null,"rationale":"Persistent buyer reach and GMV growth demonstrate business continuity, but cannot establish how long a competitive advantage would endure.","evidenceIds":["e1","e2","e3","e4"]},{"criterion":"customer_dependency","grade":null,"rationale":"Sellers have multiple channels and named alternatives. The passages do not quantify dependence on eBay or demonstrate meaningful switching friction.","evidenceIds":["e7","e9","e10"]},{"criterion":"erosion_resilience","grade":null,"rationale":"Recent growth counters broad realized erosion, while competing formats and increased chargeback costs show pressure. Resilience of a structural advantage remains unestablished.","evidenceIds":["e5","e6","e8","e13"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":2,"rationale":"Advertising adoption and attribution changes increased monetization, alongside 24% quarterly advertising revenue growth. This is mixed evidence of pricing capability because adoption and measurement changes do not isolate higher like-for-like prices or seller tolerance.","evidenceIds":["e14","e15"]},{"criterion":"retention","grade":2,"rationale":"Buyer reach rose from 132 million in 2023 to 135 million active buyer accounts in 2025, with subsequent category and C2C growth. This indirectly supports continuing demand, but account counts and GMV do not establish cohort retention; multichannel selling limits dependence.","evidenceIds":["e1","e2","e3","e5","e6","e7","e32","e33","e34"]},{"criterion":"margin_resilience","grade":2,"rationale":"Operating margin declined from 23.6% to 19.8% in the first quarter, then improved from 17.6% to 21.6% in the second quarter. Cost of net revenues remained broadly stable relative to revenue. These mixed outcomes show some resilience without proving price-led cost recovery.","evidenceIds":["e16","e17","e18"]},{"criterion":"contractual_freedom","grade":null,"rationale":"The fee structure and attribution changes are disclosed, but contractual rights to revise fees, notice requirements and customer commitments are absent. Auction listing formats do not establish discretion over eBay's own service prices.","evidenceIds":["e8","e14","e35"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Actual cash generation and shareholder distributions demonstrate active capital management. However, 2025 distributions exceeded free cash flow, stock compensation remained material, and debt repayment was accompanied by commercial paper issuance. The $1.4 billion acquisition payment has no demonstrated return yet.","evidenceIds":["e19","e20","e21","e22","e23","e24"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Actual 2025 executive equity grants were 60% performance-based, with financial, ROIC and three-year relative shareholder-return measures. Ownership requirements, clawbacks and hedging restrictions support alignment. Annual target resetting and missing ownership compliance data limit the conclusion.","evidenceIds":["e25","e26","e27","e28"]},{"criterion":"execution","grade":3,"rationale":"2025 GMV grew 6% on an FX-neutral basis; 2026 marketplace and advertising revenues grew, with stronger focus-category and C2C activity. These are demonstrated operating achievements, although management contribution is assessed indirectly and favorable demand also matters. Acquisition integration outcomes remain unavailable.","evidenceIds":["e4","e5","e6","e14","e15","e23"]},{"criterion":"governance","grade":2,"rationale":"Disclosed board independence, separate chair and CEO roles, annual elections and stockholder rights provide substantive safeguards; the auditor found effective financial reporting controls. The DPA compliance monitor and paid penalty are actual adverse evidence that prevents a stronger overall assessment.","evidenceIds":["e28","e29","e30","e31"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"ffb2220669a257d49ca37c0f6bfb65f524a9e51b6c5c3343921980ea87bd6f10","updatedAt":"2026-10-18T13:35:56.430Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508826000027/ebay-20251231.htm","publishedAt":"2026-02-19","sha256":"fb8a6047e985dc0be5f01d6c52224892b118468dde4f1f05180cbff3cd9aae31","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508826000177/ebay-20260630.htm","publishedAt":"2026-08-06","sha256":"d434ac3a1eca917d2ade8178c99d177ac48ec60c535a573dff0b4ead27ef2e87","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1065088/000155278126000285/e26002_ebay-def14a.htm","publishedAt":"2026-04-30","sha256":"622a8fdbd13e50833b47250dbeea51c163fc941de1e0752eb8ec1a0c8d13ed43","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508825000037/ebay-20241231.htm","publishedAt":"2025-02-27","sha256":"e644112bf285d4879c5458c504f4377a79395823c92ad9e76896b124cb7b88ef","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508824000036/ebay-20231231.htm","publishedAt":"2024-02-28","sha256":"78fe457987ad37389fe6c1df8f8ecabfe3ad6f85a69d7493a990f115c2d4af73","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508826000093/ebay-20260331.htm","publishedAt":"2026-04-29","sha256":"8240c84e1ad7bb6f164cc8d11b086bbda77c4496ec38f99ca1ecb915d56abf21","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:4559e4d7ab6822524b78272d88e65494259d53bc9d0c1cf055718e236dde7cbb","usage":{"input_tokens":90146,"cached_input_tokens":21120,"cache_write_input_tokens":0,"output_tokens":3883,"reasoning_output_tokens":199}},"signals":[{"period":"2021","end":"2021-12-31","values":{"gross_margin":74.56813819577735,"operating_margin":28.051823416506714,"roic":12.88280466791706,"fcf_margin":21.238003838771593,"sbc_revenue":4.577735124760077},"issues":{"software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2022","end":"2022-12-31","values":{"gross_margin":72.63910158244002,"operating_margin":23.991832567636546,"roic":null,"fcf_margin":18.427769270035732,"sbc_revenue":5.043389484430832},"issues":{"pe":"Trailing earnings is zero or negative, so this ratio is undefined.","peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2023","end":"2023-12-31","values":{"gross_margin":71.98378164556962,"operating_margin":19.19501582278481,"roic":11.55284311870601,"fcf_margin":19.481803797468356,"sbc_revenue":5.68631329113924},"issues":{"peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2024","end":"2024-12-31","values":{"gross_margin":71.99260916075076,"operating_margin":22.542059710201304,"roic":18.091768973561663,"fcf_margin":19.021686278323447,"sbc_revenue":5.718175629680054},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2025","end":"2025-12-31","values":{"gross_margin":71.45045045045045,"operating_margin":20.513513513513512,"roic":20.05746500981449,"fcf_margin":12.91891891891892,"sbc_revenue":5.468468468468468},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"Invested capital did not increase versus the prior year. ROIIC requires a positive increase.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508826000027/ebay-20251231.htm","publishedAt":"2026-02-19","sha256":"fb8a6047e985dc0be5f01d6c52224892b118468dde4f1f05180cbff3cd9aae31","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508826000177/ebay-20260630.htm","publishedAt":"2026-08-06","sha256":"d434ac3a1eca917d2ade8178c99d177ac48ec60c535a573dff0b4ead27ef2e87","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1065088/000155278126000285/e26002_ebay-def14a.htm","publishedAt":"2026-04-30","sha256":"622a8fdbd13e50833b47250dbeea51c163fc941de1e0752eb8ec1a0c8d13ed43","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508825000037/ebay-20241231.htm","publishedAt":"2025-02-27","sha256":"e644112bf285d4879c5458c504f4377a79395823c92ad9e76896b124cb7b88ef","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508824000036/ebay-20231231.htm","publishedAt":"2024-02-28","sha256":"78fe457987ad37389fe6c1df8f8ecabfe3ad6f85a69d7493a990f115c2d4af73","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1065088/000106508826000093/ebay-20260331.htm","publishedAt":"2026-04-29","sha256":"8240c84e1ad7bb6f164cc8d11b086bbda77c4496ec38f99ca1ecb915d56abf21","dateKind":"filed"}],"history":[{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"uncertain","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"uncertain","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}