NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP /DC/
For the period ended May 31, 2026. Filed Jul 31, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2026 · Filed Jul 31, 2026
NRUC$19.67-1.8%Stored close · as of Nov 10, 2026
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Item 8. Financial Statements and Supplementary Data
| Page | |
|---|---|
| Report of Independent Registered Public Accounting Firm (PCAOB ID 185) | 82 |
| Consolidated Statements of Operations for the Years Ended May 31, 2026, 2025 and 2024 | 84 |
| Consolidated Statements of Comprehensive Income (Loss) for the Years Ended May 31, 2026, 2025 and 2024 | 85 |
| Consolidated Balance Sheets as of May 31, 2026 and 2025 | 86 |
| Consolidated Statements of Changes in Equity for the Years Ended May 31, 2026, 2025 and 2024 | 87 |
| Consolidated Statements of Cash Flows for the Years Ended May 31, 2026, 2025 and 2024 | 88 |
| Notes to Consolidated Financial Statements | 90 |
| Note 1 — Summary of Significant Accounting Policies | 90 |
| Note 2 — Interest Income and Interest Expense | 101 |
| Note 3 — Investment Securities | 102 |
| Note 4 — Loans | 103 |
| Note 5 — Allowance for Credit Losses | 114 |
| Note 6 — Short-Term Borrowings | 116 |
| Note 7 — Long-Term Debt | 118 |
| Note 8 — Subordinated Deferrable Debt | 121 |
| Note 9 — Members’ Subordinated Certificates | 122 |
| Note 10 — Derivative Instruments and Hedging Activities | 124 |
| Note 11 — Equity | 129 |
| Note 12 — Employee Benefits | 131 |
| Note 13 — Guarantees | 133 |
| Note 14 — Fair Value Measurement | 135 |
| Note 15 — Variable Interest Entities | 139 |
| Note 16 — Business Segments | 141 |
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