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Q4 2025 Doubt Report

Issued January 2026. All figures are approximate. Doubt, by definition, resists precision.

$4.2M equivalent

Total benefit extended

$1.8M equivalent

Benefit repaid

43% recovery rate

$2.4M equivalent

Benefit in arrears

Currently monitoring

312

New accounts opened

47

Doubt restructurings

Up 18% YoY

Outlook: Doubt conditions remain elevated across all sectors. We are advising clients to maintain conservative benefit allocations through Q2 2026. This is not pessimism. This is portfolio management.