Cut filing research from hours to minutes without a Bloomberg seat. AI summaries of MD&A and 8-K events. XBRL financials clean into Excel. Form 4 history with cluster-buy detection. Real-time filing alerts. From $24.99/mo.
We won't tell you Bloomberg is wrong. If filings are the part of your day that matters most, we'll save you 80% of the time and 99% of the cost.
Eight minutes versus two hours on SEC.gov. The same data, in the order an analyst actually needs it.
10-K filed by a company you cover. Subject line includes form type, ticker, and a one-line AI summary of what changed.
AI summary of the MD&A surfaces at the top — risk factors that changed, segment-by-segment commentary, forward-looking language. Skip the legalese.
Income statement, balance sheet, cash flow — clean, tagged, multi-year. One click, into your existing model.
Form 4 history for every executive and director. Cluster-buy detection, executive moves, transaction velocity — in one view.
Send the brief. Move to the next name. Repeat across the 30 companies you cover.
Same workflow on SEC.gov takes 2-3 hours of manual extraction, formatting, and cross-referencing. We measured.
Different desks, different filings, different speeds. One platform underneath.
Track every cover name. 8-K alerts within minutes of filing. Peer disclosure diffs to spot when one issuer's language changes against the comp set. Replaces $1,500/month terminal access for filings.
Form 4 surveillance across the portfolio. Cluster-buy detection on insiders. 13F holdings for every institutional holder of your names, refreshed quarterly. The data that moves before the price moves.
Pull leverage ratios, interest coverage, and debt schedules from XBRL across your watchlist. Alert on deterioration. Diff covenant language year-over-year. 424B prospectus deal economics on every new issuance.
Track insiders across your filers. Diff executive compensation against the prior proxy and against the peer set. Pull officer and director histories. Audit-trail exports for compliance review.
Three patterns from current users. Names anonymized; workflows are real.
A buy-side analyst at a $400M small-cap fund covers 40 names. Every 10-Q week used to be a wall of manual XBRL extraction. Now: alerts hit, AI summary surfaces what changed, Excel export drops cleanly into the model.
A two-person credit desk monitors 180 borrowers. They built a screen filtering for declining interest coverage and rising leverage from XBRL data. Alerts fire when ratios cross threshold. Deals at risk surface weeks before the quarterly review cycle.
A compliance officer at an RIA reconciles employee personal trading against firm holdings. Form 4 surveillance across the watchlist runs nightly. Disclosure search across 12 XBRL topics catches material disclosures that would otherwise route to a 50-page filing read.
Bloomberg and AlphaSense are great at what they do. Filings are not the thing they do best.
| Feature | SEC.gov | Bloomberg / AlphaSense | edgar.tools Pro |
|---|---|---|---|
| Price per seat per year | $0 | $24,000 - $32,000 | $299.88 |
| AI summary of MD&A and 8-K events | — | Partial (newer tiers) | Built in |
| XBRL extracts straight to Excel | Manual | ✓ | Yes, 50/day |
| Insider Form 4 with cluster detection | Raw filings | ✓ | 186K filings indexed |
| Real-time filing alerts | Email only | ✓ | Configurable |
| Real-time market data & quotes | — | ✓ | — |
| Sell-side research / broker notes | — | ✓ | — |
| MCP server for AI agents | — | Limited | Full MCP toolkit + recipe prompts |
| Self-serve signup, monthly billing | n/a | No (annual + sales) | 2-click cancel |
If SEC filings are core to your work, the math is straightforward. If you also need expert call transcripts and real-time market data, Bloomberg or AlphaSense make sense. Many of our users run both.
SEC.gov serves raw filings without analyst workflow. edgar.tools adds AI summaries of MD&A and 8-K events, structured XBRL extracts, insider transaction history, real-time filing alerts, and Excel/PDF exports. The data is the same. The time to extract value is 10-20x lower.
Bloomberg and AlphaSense cover SEC filings as one of many data sources, with terminal-class pricing ($24K-$32K per seat per year). edgar.tools is filing-native and self-serve ($24.99/mo Pro). We don't cover real-time market data, sell-side research notes, or expert call transcripts. If filings are core to your work, the cost difference funds 50+ analyst seats for the price of one Bloomberg seat.
Yes. Free tier viewing is unlimited; exports require Pro ($24.99/mo). Pro includes 50 exports per day across Excel, PDF, and CSV. Developer ($79.99/mo) raises this to 200/day.
Yes. 186,000+ Form 4 filings and 802,000+ transactions, with filtering by company, insider, transaction type, and date range. Free tier shows a 1-2 row teaser; Pro unlocks the full dataset with cluster-buy detection and executive history.
New 8-K filings appear in the live filing stream within minutes of EDGAR publication. Email and digest alerts deliver on the schedule you configure (immediate, hourly, or daily digest). Webhooks for real-time delivery are part of the Enterprise tier.
Pro removes the 5-company tracking limit, unlocks unlimited watchlists, raises screens from 1 to 10, increases API calls from 100 to 500/day, enables Excel/PDF/CSV exports (50/day), opens full insider sentiment and executive compensation data, and unlocks the full MCP server for AI agent use. $24.99/mo, cancel anytime.
Yes. Monthly billing, cancel from the dashboard in two clicks, no calls required. Annual billing with a 10% discount is on the roadmap.
Internal-seat licensing runs under Enterprise contract — typical for compliance desks, research teams, and audit firms who need SSO, RBAC, and audit log export. Contact hello@edgar.tools for procurement-ready terms.
Sign up free. 14-day trial unlocks full Pro — AI summaries, XBRL exports, insider history, real-time alerts. From $24.99/mo after.