On September 6, 2026, A24 revealed that Nathan Fielder had spent roughly three years filming a documentary about Elizabeth Holmes — with Holmes’s own participation — and that the project had remained secret until its “secret screening” at the Telluride Film Festival that day.
The film, titled “You Can See Everything,” is co-directed by Fielder and Lance Oppenheim and distributed by A24. It follows Holmes over a three-year period that begins 34 days before she reported to federal prison, according to the film’s own logline: “Thirty-four days before she’s sent to prison, notorious Silicon Valley founder Elizabeth Holmes invites a skeptical film crew to document her every move. What begins as an intimate portrait of an enigmatic felon becomes a mind-bending three-year journey into the abyss.” The logline does not explain why she agreed to let a crew document her so closely in the run-up to prison.
The project’s existence was not made public until the Telluride screening, held at the festival’s Herzog Theatre. Attendees had to check in their phones before the film was shown, a step meant to keep footage and plot details from leaking out ahead of a wider release. The screening drew the festival’s longest lines up to that point.
Key facts
- Documentary: “You Can See Everything,” co-directed by Nathan Fielder and Lance Oppenheim, distributed by A24
- Subject: Elizabeth Holmes, filmed with her participation over roughly three years
- Premiere: Secret screening at the Telluride Film Festival’s Herzog Theatre on September 6, 2026
- Theatrical release: Planned for October 2026; exact date not yet announced
- Holmes’s sentence: Cut from 135 months to 123 months on March 26, 2026
- Where Holmes is now: Federal Prison Camp, Bryan, Texas, as of September 2026
Timeline
- January 2022 — A jury convicts Holmes of defrauding investors; she is acquitted on separate charges tied to defrauding patients.
- November 2022 — Holmes is sentenced to 135 months in prison.
- May 30, 2023 — Holmes begins serving her sentence at the Federal Prison Camp in Bryan, Texas.
- May 2025 — The Ninth Circuit Court of Appeals upholds her conviction and denies a rehearing.
- January 2026 — Holmes asks the Trump administration to commute her sentence.
- March 26, 2026 — Judge Edward Davila cuts her sentence to 123 months.
- September 6, 2026 — A24 reveals the secret documentary at a Telluride Film Festival screening.
- October 2026 — A24 plans a theatrical release; no exact date announced.
Who Elizabeth Holmes is
Holmes founded the blood-testing startup Theranos, once valued at billions of dollars on claims that it could run comprehensive lab tests from a few drops of blood. A jury convicted her in January 2022 of defrauding investors; she was acquitted on separate charges tied to defrauding patients. She was sentenced in November 2022 and began serving her sentence on May 30, 2023, at the Federal Prison Camp in Bryan, Texas, a minimum-security women’s facility, where she remains incarcerated as of September 2026.
The sentence is shorter than some coverage still says
Holmes’s original sentence was 135 months — 11 years and 3 months. Some coverage of the documentary still cites that figure, but it is out of date. On March 26, 2026, U.S. District Judge Edward Davila cut the sentence to 123 months — 10 years and 3 months — applying a 2023 change to federal sentencing guidelines for first-time, non-violent offenders. Davila made the cut over prosecutors’ objection, after finding that none of Holmes’s investor-victims had suffered substantial financial hardship.
Exactly how much earlier that puts her release is not settled. Reports published after the March reduction reflect the shorter 123-month sentence and standard good-conduct credit. Together, they point to a release sometime in late 2031. Older estimates, based on the original, longer 135-month sentence before it was cut, had pointed to 2032 instead. Bureau of Prisons projections can shift as credits accrue, and no single current date has been confirmed.
Separately, Holmes asked the Trump administration in January 2026 to commute her sentence outright; no outcome of that request has been confirmed. Her direct appeal has also stalled — the Ninth Circuit Court of Appeals upheld her conviction and denied a rehearing in May 2025, leaving a petition to the U.S. Supreme Court as her remaining option.
What the trailer shows
The teaser trailer that came out with the Telluride reveal gives its subject a moment to speak for herself. Holding her newborn child, Holmes looks at Fielder and says: “I don’t have anything to deceive you on. Of course I’m not deceiving you. I’m engaging with you as a human being. Why would I deceive you? There’s no reason for me to do that.” Worth remembering: that line comes from inside the film, not a separate statement to the press. No public statement from Holmes’s legal team or representatives about the documentary itself has been found in the available reporting.
How critics are reacting
Reviews are only beginning to appear. Film critic J. Don Birnam, writing for Next Best Picture, scored the film 8 out of 10 and called it “thought-provoking, at times uncomfortably funny, and profoundly disturbing,” praising its refusal to hand down a verdict on Holmes’s guilt or innocence and its exploration of themes like guilt, power, gender, punishment and public spectacle instead. But Birnam also flagged a gap worth noting: the review says the film “insufficiently addresses the real victims and the consequences for Holmes’ family.”
When you can see it
A24 has confirmed a theatrical release in October 2026 but has not announced an exact date. The studio also has not published precise runtime figures; the film has been described only as running more than two hours.
Lance Oppenheim, Fielder’s co-director, previously directed the documentary “Some Kind of Heaven” and the series “Ren Faire.”