ELI5: Explain Like I'm 5

XBRL

XBRL stands for "eXtensible Business Reporting Language." It is a way for companies to provide important financial information in a standard, organized way. This information can be used by people and organizations to easily compare and analyze it. XBRL makes it easier for investors, regulators, and other interested parties to understand a company's financial information, including assets, liabilities, revenues, and profits.