Understanding FPGA bitstream formats is crucial for improving the security of hardware systems using these devices. While significant research has been done on understanding Xilinx (AMD) FPGA bitstream formats, Intel's proprietary format remains underexplored and sparsely documented. To help close this gap, we focus on analyzing the Intel Cyclone V bitstream format. Building on existing open-source efforts, we aim to convert Intel bitstreams into a human-readable netlist and verify that the reconstructed netlist is functionally equivalent to the original design.