Elizabeth Holmes has made a startling claim about her honesty in You Can See Everything, a new documentary that offers an intimate look at the disgraced Theranos founder in the weeks before she began her prison sentence, while revealing unexpected details about her relationship with partner Billy Evans.

Directed by Nathan Fielder and Lance Oppenheim, the nearly three-hour documentary follows Holmes, Evans and their two young children at their California home during the 34 days leading up to Holmes’ imprisonment in May 2023. Filmed largely in secret over three years, the project begins as a portrait of Holmes’ private life before taking increasingly unusual turns that raise questions about trust, image management and the documentary itself.

One of the film’s most striking moments comes when Fielder questions Holmes about her history with Theranos, the blood-testing company she founded, and asks whether she has ever told a lie. “I don’t think so,” Holmes replies. When pressed on whether she has ever told even a small social lie, she eventually acknowledges that she probably has.

The documentary also captures Holmes watching Amanda Seyfried’s portrayal of her in the Hulu series The Dropout for the first time. After Fielder persuades Holmes and Evans to watch the programme, Holmes becomes emotional during a scene featuring Seyfried’s performance and asks for the screen to be turned off.

Seyfried later becomes part of the documentary herself, reprising her Emmy-winning portrayal of Holmes in reenactments, including scenes connected to a phone call Holmes makes from prison. The unusual structure blurs the boundaries between documentary footage, dramatic recreation and the public image of a convicted fraudster.

The filmmakers’ access to Holmes and Evans also takes an unexpected turn when the couple invite them to stay in their guest house. The accommodation initially lacks basic amenities, including mattresses, and the directors later become concerned that surveillance devices may have been planted in their rooms. They arrange for the guest house to be checked for hidden recording devices, with Oppenheim describing the experience as feeling like a conspiracy thriller.

Another major revelation concerns Evans, who allegedly sought a share of the documentary’s profits. According to Fielder’s account in the film, Evans arranged a meeting with the filmmakers and executives from distributor A24 to negotiate a financial stake. The alleged discussion is recreated with actor Christopher Abbott portraying Evans. By the end of the documentary, Evans has reportedly withdrawn the demand and will not receive a share of the profits.

The alleged dispute leads to a tense dinner involving Evans, Seyfried and Fielder. Seyfried is reportedly surprised to learn about the proposed financial arrangement and wants to know whether Holmes was aware of it. During the dinner, Evans also criticises Seyfried’s portrayal of his partner in The Dropout. The discussion grows more heated when they disagree over conservative political commentator Charlie Kirk, whom Evans says he admires.

The conversation ends without resolving whether Holmes knew about the alleged attempt to negotiate a share of the documentary’s earnings. The film leaves that question open rather than establishing her involvement.

Perhaps one of the most consequential revelations comes when Evans discusses Holmes’ social media presence while she is incarcerated. He tells Fielder and Seyfried that he manages her X account and frequently publishes or reposts controversial content without her knowledge or approval. Seyfried appears visibly surprised by the admission.

The documentary’s revelations arrive years after Holmes’ rise and fall in Silicon Valley. She founded Theranos with the promise of revolutionising blood testing, but the company’s technology failed to deliver on its claims. Holmes was convicted of fraud-related offences in 2022 and sentenced to more than 11 years in prison.

You Can See Everything premiered at the Telluride Film Festival before screening at the New York Film Festival. The documentary opened in US cinemas on October 16, 2026, offering audiences a new and unconventional examination of Holmes, her relationship with Evans and the way she presents herself to the world.

Holmes’ attorneys and Evans were contacted for comment about the documentary, according to PEOPLE. The film’s central questions remain unresolved, leaving viewers to consider how much of the couple’s apparent openness reflects genuine transparency and how much may be shaped by their desire to control their public narrative.