Internal control weaknesses related to revenue or other high risk accounts.
| ticker | Company Name | Weakness / Disclosure Topic | Affected Area | Context / Specifics | Associated Accounting Topic | Source | Market Cap |
|---|---|---|---|---|---|---|---|
| SN | SharkNinja Inc. | Pervasive material weaknesses including revenue-specific weakness | Revenue; accounts receivable; inventory; cost of goods sold; financial close; IT controls | Management identified “pervasive material weaknesses” in the control environment/control activities and ITGCs, plus specific weaknesses in accounting for revenue and accounts receivable, inventory and COGS, and the close process. The revenue weakness affected variable consideration for non-standard markdowns and allowances, and auditors could not rely on controls over the revenue process. | Revenue recognition; variable consideration; IT general controls | 2026-03-0210-K | $24.67B |
| STUB | StubHub Holdings Inc. | Multiple material weaknesses including revenue and related-party transactions | Revenue and associated reserves; related party transactions; journal entries; reconciliations; ITGCs | Weaknesses included ineffective controls over accounting for revenue and associated reserves, lack of formal accounting policies/procedures, weaknesses in journal entries and account reconciliations, ITGC deficiencies, and failure in timely identification/disclosure of new related party transactions. These weaknesses resulted in restatements and audit adjustments. | Revenue; related parties; income taxes; indirect taxes; cash flows; IT controls | 2026-03-0410-K | $2.33B |
| PACS | PACS Group Inc. | Material weaknesses in revenue process | Revenue for new services; routine revenue data; variable consideration | Company disclosed inadequate controls to appropriately recognize revenue for new services under ASC 606, ineffective controls over completeness and accuracy of underlying data used to determine routine revenue, and lack of controls to timely assess operational trends that could materially impact variable consideration estimates. Prior weaknesses led to restatements of prior interim financial statements. | ASC 606; revenue recognition; variable consideration | 2026-08-0410-Q2026-02-2610-K | $6.91B |
| MWH | Solv Energy Inc. | Material weaknesses including revenue, liabilities, and complex accounting | Procure-to-pay; liabilities incurred; prepayments; revenue recognition; fair value; IT controls | Weaknesses included inadequate controls over procure-to-pay and liabilities/prepayments, percentage-of-completion revenue recognition and disclosure, insufficient technical accounting personnel, ineffective controls over fair value analyses for goodwill impairment, business combinations and equity awards, and ITGC deficiencies. Weaknesses continued through 2026. | Percentage-of-completion revenue recognition; liabilities; fair value; goodwill impairment; business combinations; equity awards | 2026-03-2510-K2026-05-1210-Q2026-08-1410-Q | $3.17B |
