Understand company risk from SEC filings — fast

We turn dense 10-K/10-Q reports into plain-English risk scorecards so individual investors can make more informed decisions.

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The problem

SEC filings (10-K and 10-Q) are long, technical, and time-consuming. Non-experts struggle to translate them into actionable insights.

The solution

Veilscope retrieves filings via the SEC EDGAR APIs, extracts key financial data, and uses an AI model to generate a concise risk “scorecard.” You see the signals that matter—without wading through hundreds of pages.

How it works

  1. 1) Retrieve

    Pull 10-K/10-Q data programmatically from the SEC EDGAR APIs.

  2. 2) Extract

    Capture key sections (Risk Factors, MD&A) and core financials.

  3. 3) Generate

    Create a plain-English scorecard that summarizes overall risk.

Built on public filings from the SEC’s EDGAR system. We prioritize clear language and transparent sources.

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What goes into the scorecard

Inputs

  • Risk Factors & MD&A
  • Financial statements & key ratios
  • Company metadata

Signals

  • Qualitative cues from narratives
  • Quantitative checks (ratios & trends)
  • Consistency across reports

Output

  • Risk summary in plain English
  • Highlights & flags
  • Links back to source sections

What we build on

  • EDGAR provides free, programmatic access to filings.
  • AI is widely used in finance; our focus is accessibility for individual investors.
  • We combine text analysis with simple quantitative checks for balance.

Challenges & how we address them

Complexity of SEC filings

Filings are lengthy and inconsistent. We begin with key sections (Risk Factors, MD&A, core financials) and expand as we validate utility.

Model accuracy & interpretation

We balance qualitative AI with quantitative checks (ratios & growth patterns) and manually validate on sample companies.

Limited team experience

We invest in a research phase to study filings and practice small API queries; we’ll seek advisor feedback at milestones.

Time management

We ship a working prototype first (retrieve → extract → summarize), then add deeper analysis once the base is stable.

Future addition: fraud detection

Analyze anomalies in financials and suspicious language in Risk Factors to flag potential irregularities—moving from risk scoring toward early fraud signals.

FAQ

Where does your data come from?

From the SEC’s EDGAR system via public APIs. We link back to source sections when possible.

How often is information updated?

We refresh based on new or amended filings available through EDGAR.

Is this investment advice?

No. We provide educational risk summaries derived from public filings. Investment decisions are your responsibility.

Can I see how the score was generated?

We aim to show inputs and highlight snippets used in the summary wherever possible.

Important

Veilscope is not a financial advisor. We summarize public information from SEC filings to help you learn. Nothing here is investment advice; investing involves risk and you are responsible for your decisions.