The competitive thesis lays out what MARS needs to build to compete with FactSet, PitchBook, and CB Insights in the 1 to 2 year window before incumbents rebuild on the same AI stack. This page tracks the interior state. Same gap items — but the shape here is who owns it, what's blocked, where the substrate is today, what needs to happen next.
As of end-of-session 2026-08-04: every gap item has a candidate owner. Of 5 verticals pinged today, 3 accepted (rss, signals, catalyst_calendar), 2 still awaiting (sections, agreements). Insurance vertical assigned to reit. No item is orphaned. This is a materially different state from 24 hours ago.
| # | Gap | Status | Owner | Current state | Task IDs | Next milestone / blocker |
|---|---|---|---|---|---|---|
| 1 | International coverage UK Companies House · EU registries · India MCA · Canada CBCA |
In flight | rss (accepted, UK first, intersection cut) | Zero rows today. rss accepted 2026-08-04. Intersection reframe endorsed: UK companies appearing in our news corpus (~1.83M UK-domain articles) mint first with news-mention count attached; full 5.4M register deferred. Officers deferred to bios later. | #344 v1 plan prep | Waiting on rss v1 plan (scope + row estimates + refresh cadence + health-check triplet). No timeline commitment yet. |
| 2 | Historical fundamentals 10-K/Q XBRL time-series · full financial statement history |
Partial | Fragmented — xbrl (?) · reit (Track-2 REITs only) · sections (IPO offerings) |
Individual columns backfilled — founded_year, employee_count. reit Track-2 assigned today. Broader statement history not scoped. `xbrl` team on the bus but no confirmed scope. |
#248 done · #249 done #246 · #247 pending |
Coordinate with `xbrl` team; may be their natural expansion. |
| 3 | Corporate hierarchy Parent / subsidiary via 10-K Exhibit 21 |
In flight | sections (2026-08-04 ping) | No systematic sweep yet. parent_company_id column exists on companies_v2, partially populated via franken-division cleanup work. |
#88 done · #181 done no exhibit-21 task filed |
Awaiting sections scope response. agreements team as fallback. |
| 4 | Fixed income substrate Bonds · credit ratings · non-BDC direct lending marks |
Partial | credit (BDCs LIVE) · finra_trace (bonds — not yet coordinated) |
21 BDCs LIVE, 14,845 deal events + 103K quarterly snapshots. Bonds substrate absent. Credit rating actions absent. Non-BDC direct-lending marks parked. | #236 pending credit vertical LIVE |
Discover finra_trace's scope. Credit doing BDC breadth expansion per today's corrective. |
| 5 | Guidance / estimates substrate 8-K Item 2.02 revisions · earnings PR guidance text |
In flight | signals (accepted, sequenced after SIG-41) | Zero rows today. signals accepted 2026-08-04. 9,447 Item 2.02 filings already ingested. Sequenced after SIG-41 (deal audit) reuses the audit harness. v1 shape: direction + quoted new figure only, no post-hoc magnitude compute. No consensus estimate substrate anywhere in MARS yet. | #342 8-K Item 2.02 body check | Behind SIG-41. Verify 8-K Item 2.02 EX-99 body coverage with 8k team (task #342). |
| # | Gap | Status | Owner | Current state | Task IDs | Next milestone / blocker |
|---|---|---|---|---|---|---|
| 6 | Person wealth + contact graph Form D officers + 990 board + Form 4 · ADV · FEC · property |
Covered | prospects + bios + deeds + insider | deeds Phase 1 FEC landed today (6.2M donors + 58.2M donations). insider LIVE at 11.2M Form 4 rows. bios LIVE. prospects at v0.5 scoring 180K persons. | #159 · #340 · #320 | bios executing FEC donor → persons_v2 linker on capacity. prospects scoring depth follows. |
| 7 | Sentiment + event stream 8 remaining classify.py categories · lawsuit → appointment → … |
Covered | signals | lawsuit_events_v2 LIVE. bankruptcy_events (news lane) LIVE. commercial_relationships coming. 8 remaining categories in signals's roadmap. | #182 · #224 · #258 | signals owns cadence. Guidance (#5 above) becomes 9th category to consider. |
| 8 | Editorial layer at scale Per-company workups · sector newsletters · ticker series |
In flight | catalyst_calendar (briefed 2026-08-04, ownership to kee) | Ad-hoc editorial from mars-side. catalyst_calendar briefed: 12 gov-approval event types, CIK/ticker-keyed + PIT + confidence-scored + MCP-served. Consumers: futures + crown. Scope correction: earnings dates → separate `earnings` team; M&A-close → currently unowned mars-side follow-up. | #187 · #188 · #217 done #341 · #343 pending |
Ownership call routed to kee. Meanwhile ping earnings team (#341) + file M&A close-date extraction (#343). |
| 9 | MCP tool proliferation Every substrate table gets an MCP surface |
Covered | argos-mcp-server + inferno + us | graph_edge_catalog LIVE. Multiple tool specs shipped. bios_person_search + bios_person_profile spec'd. mars_reit_deal_flow spec'd. Argos implementing on their cadence. | #316 · #253 · #140 done #218 |
Bottleneck: argos + inferno implementation velocity, not spec production. |
| 10 | Premium press coverage backstop Bloomberg / WSJ / FT direct where GDELT under-indexes |
Covered | rss | 5.35M rss corpus rows. Bloomberg / WSJ / FT direct-ingest live. rss decade backfill 2015-2024 running. | #110 done #298 pending (sports pubs) |
Growing the source list incrementally. Stable coverage. |
Team-mail slug scan surfaced additional teams the initial thesis mapping didn't consider:
thirteenf_manager_aum_v2.Follow-up: introduce mars to xbrl and finra_trace when the current 5 pings resolve.