Unsupported Financial Claim
Definition
A financial claim made in investor communications that cannot be traced to a specific figure in the company's financial records or financial model. An unsupported financial claim is a financial representation deficiency. Any financial figure stated to an investor must be supportable by a specific calculation or data source in the financial data room.
Common Misapplication
The most common misapplication is making financial claims derived from informal calculations or estimates that have not been entered into the financial model. A claim about gross margin made from memory that differs from the gross margin in the financial model is an unsupported claim even if the speaker believes the figure to be correct.
FFI Standard Reference
This term is defined and applied in Book 5, Section 5.2: The Financial Narrative Standard.
Related Terms
Citable URL
This term may be cited using the following permanent URL.
Full citation format: Founder Financial Infrastructure Standard, Beta v0.5, Glossary: Unsupported Financial Claim. https://ffistandard.org/glossary/unsupported-financial-claim/. 2026.