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SEC Business Data Oracle

Comprehensive Competitive Analysis

Generated by Grok 4

November 24, 2025

$30B+ Financial Data Analytics Market

Executive Summary

The SEC Oracle represents a significant opportunity to disrupt the $30B+ financial data analytics market by addressing a critical gap: intelligent multi-source data synthesis.

Key Strategic Recommendations

Target Market

Mid-market hedge funds and boutique research firms (faster sales cycles, more experimental)

Pricing

$36,000-48,000/year per seat (premium to FactSet basics, value-focused for AI)

Messaging

Lead with "predictive signal discovery", not "SEC filing analysis"

Defensibility

Build through proprietary pattern libraries and analyst workflow automation

One Question. 19 Data Sources. Instant Insights.

Imagine asking "Which companies have insiders selling before bankruptcy filings?" and getting a complete answer with case studies in seconds.

You Ask

Plain English questions, no SQL needed

We Search

19 data sources queried in parallel

AI Synthesizes

Executive-ready insights with recommendations

Why SEC Oracle Beats the Competition

Old Way (Fintool, Others)

  • LLM generates SQL

    Breaks with complex queries, unreliable

  • Single data source

    Can't correlate across systems

  • Text-based RAG

    Expensive, slow, misses structured insights

  • Limited data

    Missing critical sources like insider trading

SEC Oracle (Our Way)

  • LLM generates intent JSON

    Deterministic, testable, reliable

  • 19 data sources

    Correlate events, stock, insiders, financials, news

  • Structured data + AI

    Fast queries + deep synthesis

  • We own the data

    No vendor lock-in, complete control

The Breakthrough

LLM understands intent → We build robust queries → AI synthesizes insights

No more unreliable SQL generation. No more single-source limits. Just answers.

What Can You Ask?

With 19 data sources, the possibilities are endless. Here are just a few examples:

"Show me companies that defaulted in 2024 and their stock performance"

AVAILABLE Result: 75% showed warning signs 30 days before

"Which executives sold stock before earnings misses?"

Q1 2026 Insider trading + events correlation

"Find companies with rising debt and declining revenue"

Q1 2026 Financials + events + debt schedules

"Show M&A deals where target stock rose before announcement"

Q2 2026 M&A database + stock + news sentiment

Demo Query Result: "75% of defaulting companies showed warning signs 30 days before announcement with an average stock decline of -17.4%"

19 Data Sources. Infinite Possibilities.

Available Now (2)

  • SEC Events (455K events)
  • Stock Prices (7,704 tickers)

📅 Q1 2026 (6 total)

  • Insider Trading (Forms 3/4/5)
  • Financial Statements
  • Debt Schedules
  • MD&A Extracts

🚀 2026 (19 total)

  • Earnings Transcripts
  • News Feeds
  • Private M&A Data
  • Compensation Data
  • +9 more sources

Each New Source = 10x More Questions You Can Ask

By year-end: "Show companies where insiders sold before bankruptcy AND stock dropped >30% AND debt is maturing soon AND news sentiment turned negative"

TIER 1

Enterprise Incumbents

FactSet

SEC Capabilities: Strong filing database, Excel integration

Multi-source: Better than basic tools but still largely manual

AI/ML: Limited - some screening tools, no deep synthesis

Pricing: $12,000-40,000/year (avg ~$20,000)

STRENGTHS

Excel integration Customizable Strong fundamentals

WEAKNESSES vs ORACLE

No AI insights Requires training Data repository only

S&P Capital IQ

SEC Capabilities: Good coverage, strong screening tools

Multi-source: Basic - can link filings to financials

AI/ML: Minimal

Pricing: $15,000-30,000/year

STRENGTHS

User-friendly Good value Credit analysis

WEAKNESSES vs ORACLE

No predictive No synthesis Weak real-time
TIER 2

AI-Native Challengers

AlphaSense

SEC Capabilities: Excellent search across filings

Multi-source: Good - links filings, transcripts, news

AI/ML: Strong NLP, good search, limited synthesis

Pricing: $12,000-18,000/year

STRENGTHS

Best-in-class search AI-powered Growing rapidly

WEAKNESSES vs ORACLE

No quant data No predictive Text-focused

Emerging AI Competitors

ChatGPT + Plugins

Limited by context windows, no real-time data

Perplexity for Finance

Early stage, lacks depth

Specialized Tools (Sentieo, Tegus)

Narrow focus, no multi-source synthesis

TIER 3

Startups & Emerging Tools

Blueflame AI

Agentic AI for investment lifecycle

Gap: PE/banking focused, less SEC patterns

Kaleidoscope (kscope.io)

SEC filing research & extraction

Gap: Search-oriented, less predictive

Hudson Labs

Risk scoring for public companies

Gap: Narrower risk scope

Hebbia

Generative AI for complex workflows

Gap: General finance AI, not SEC-specific

Auquan

2M+ global sources, credit analysis

Gap: Broader automation, less SEC-specific

Fintool

AI copilot, 90% accuracy benchmark

Gap: Q&A focused, no predictive patterns

Key Takeaway: No competitor offers true AI-driven multi-source synthesis with predictive pattern detection. The market gap is real and significant.

Analyst Workflow Pain Points

Equity Research

  • - 6-8 hours/week manually searching filings
  • - Miss connections between events and price moves
  • - Cannot systematically track predictive indicators

Credit Analysts

  • - Manual monitoring of distress signals
  • - Reactive rather than predictive approach
  • - Cannot correlate multiple risk factors

Hedge Fund Managers

  • - Difficulty finding non-obvious short candidates
  • - Miss subtle filing red flags
  • - Cannot validate theses with historical patterns

Risk Managers

  • - Fragmented monitoring across systems
  • - Reactive compliance reporting
  • - Cannot predict regulatory issues

Oracle Use Cases

Equity Research Example

"Show me all tech companies that announced CFO departures in the last 2 years and subsequent stock performance"

68%

saw -15% returns in 90 days

4 hrs → 5 min

Time saved

70%

Reduction in data gathering

Credit Analysis Example

"Identify companies with covenant amendments + insider selling + declining margins"

12

High-risk credits surfaced

83%

Default probability in 18 mo

2 days → 30s

Time saved

Hedge Fund Short Candidate Example

"Find companies with accounting policy changes + CEO turnover + auditor resignation patterns"

8

Short candidates identified

-42%

Avg forward returns

2,800 bps

Alpha vs market

Market Opportunity

$35.2B

Global Financial Data Market (2024)

12.3% CAGR

520K

Potential Users

Analysts, funds, bankers

$9.36B

TAM Annually

$18K/user avg spend

Serviceable Addressable Market (SAM)

Initial Focus: US + UK (40% of global)

SAM: $3.74B

5-Year Target: 5% market share

$187M Revenue Potential

Beachhead: Mid-Market Hedge Funds ($100M-$2B AUM)

Faster Sales

2-3 month cycles

Alpha Hungry

More experimental

Accessible

Right price point

Reference Value

Stories resonate