Show HN: Forensic stock analysis from SEC filings, no LLM guessing (free)
A free tool performs forensic stock analysis directly from SEC filings, aiming to eliminate guesswork by not relying on LLM-based interpretation. It provides financial data and analysis sourced from official filings.
Background
- SEC filings (10-K, 10-Q, 8-K, etc.) are mandatory public reports that publicly traded U.S. companies must submit to the Securities and Exchange Commission. They contain detailed financial data, risk factors, and management commentary — but are dense, hundreds of pages long, and hard for average investors to parse.
- "No LLM guessing" refers to the fact that many recent AI tools for stock analysis use large language models (LLMs) like ChatGPT, which can hallucinate numbers or confidently produce incorrect summaries of financial documents. This tool instead uses direct, structured data extraction from the raw filings.
- Forensic stock analysis means digging into financial statements to detect red flags, accounting irregularities, or hidden risks — not just looking at stock price or earnings headlines.
- Many retail investors rely on broker summaries or news articles that oversimplify or miss important details. Free, direct-access tools like this one aim to level the playing field against professional analysts and institutional investors.