The audience at the Telluride Film Festival did not know what they were about to watch. The New York Times reports that the Elizabeth Holmes documentary ‘You Can See Everything’ had its world premiere as an unannounced secret screening, its subject not revealed until festivalgoers were already in their seats.
The film, directed by Nathan Fielder and Lance Oppenheim and distributed by A24, is set for a theatrical release on 16 October 2026. At 174 minutes, it runs close to three hours.
What the Elizabeth Holmes Documentary Shows
The project began as something more contained. Fielder reportedly lived in the guest house of Holmes and her partner, Billy Evans, filming the couple during the 34 days before Holmes reported to federal prison in May 2023 to begin serving an 11-year sentence for defrauding investors.
What the filmmakers captured across that access, however, kept expanding. According to A24’s official synopsis, what started as a 34-day portrait became a ‘mind-bending three-year journey’ for the production. The New York Times also reports that the documentary shows Holmes and Evans making plans to launch a new and improved Theranos while she serves her sentence.
Part of the buzz from Telluride also centres on an A-list actress who becomes part of the story itself, though the film’s promotional materials have not yet disclosed her identity or role.
The Legal Road That Led Holmes to Bryan, Texas
Holmes was convicted in January 2022 on four counts of wire fraud against investors. The evidence showed she had told investors that Theranos technology could run dozens of medical tests from a single drop of blood using a device called the Edison machine.
She is currently held at Federal Prison Camp Bryan, a minimum-security women’s facility in Bryan, Texas. Her original sentence of 11 years and 3 months has been reduced for good behaviour; she is currently scheduled for release in August 2032.
The courts have provided no relief. On 24 February 2025, the Ninth Circuit affirmed Holmes’s conviction, sentence, and a $452 million restitution order, also upholding the parallel conviction of Ramesh ‘Sunny’ Balwani, her former business partner. The Ninth Circuit’s opinion left the district court’s findings intact across the board.
Holmes then petitioned for an en banc rehearing, asking the full Ninth Circuit to reconsider. In May 2025, the court unanimously denied that petition in a four-sentence order.
Having exhausted the appellate route, Holmes turned to the executive branch. A clemency petition addressed to President Trump remains listed as pending with the Office of the Pardon Attorney, meaning it has been formally opened and is under review. A Department of Justice FOIA log for FY2025-2026 lists records concerning ‘the pardon of Elizabeth Anne Holmes’ among items requested from the Pardon Attorney’s office, reflecting sustained public and legal interest in the case.
A24 Brings the Film to Theatres in October
The Elizabeth Holmes documentary arrives at a moment when both her legal options and her public narrative are in flux. The appeals courts have closed off, the clemency petition sits in bureaucratic limbo, and the film’s claim that she and Evans are already planning a successor to Theranos will invite its own scrutiny.
A trailer for ‘You Can See Everything’ is now available, ahead of the 16 October theatrical release. Whether the clemency petition moves before or after the film opens in cinemas may prove to be the more consequential premiere.
