Legal

Investment Disclaimer

Effective September 27, 2026

Annula is research software. It is not a broker-dealer or investment adviser, and nothing on this site or in the app is investment advice.

No advice or recommendation

Annula is not registered as an investment adviser, broker-dealer or financial planner with the SEC, FINRA or any state or foreign regulator. Nothing in the Service, including theses, fair values, models, screens, boards, alerts and AI-generated text, is a personalized recommendation or an offer or solicitation to buy or sell any security. Annula does not know your full financial situation, goals or risk tolerance.

Your decisions are your own

You alone decide whether to buy, sell or hold any investment, and you bear the results. Consider speaking with a licensed professional before making investment decisions.

Calculations and models

Fair values, discounted cash flow results, sensitivity grids and other calculations depend entirely on the inputs and assumptions used, many of which are yours. A model is a way of reasoning about a business, not a prediction. Different reasonable inputs produce very different results.

AI output

The delegate and other AI features can misread documents, make mistakes or state things with more confidence than the evidence supports. Annula labels AI output and keeps sources attached so you can check it. Always verify anything important against the original source.

Data accuracy

Data comes from public filings, government sources and licensed providers. It may be delayed, incomplete, restated or wrong. Prices may not be real time. Annula doesn't guarantee the accuracy, completeness or timeliness of any data.

Risk

Investing involves risk, including the loss of principal. Past performance, including the historical results of your own journal and scorecards, does not guarantee future results. Forward-looking statements in filings, news or AI output are uncertain by nature.

Examples

Companies, figures and scenarios shown on this website and in demos, such as Costco, are illustrative examples of how the software works. They are not recommendations, and example figures may not match actual company data. People who work on Annula may hold securities that appear in examples.

Questions

Write to team@useannula.com.