Your analyst reads 20 filings a quarter.
Spyndex reads 4,500.

Never get blindsided by an earnings release again. Every filing extracted, scored against 6 peer-reviewed models, and cross-referenced across the entire sector — on your desk before the market opens.

Founding member pricing for the first 50 funds — locked for life.

6 Peer-reviewed scoring models
4,500+ Public companies covered
60s Filing to intelligence
25+ Analyst questions per filing

Built on: SUE · Altman Z-Score · Piotroski F-Score · Beneish M-Score · DuPont Decomposition · Loughran-McDonald Sentiment

Every quarter, the same trap

Too many filings, too few hours, too much at stake. The cost isn't the analyst — it's what they miss.

You're paying senior rates for data entry

A junior analyst costs £60–100k/year and covers 15–20 stocks. Most of that time goes to extracting numbers from 10-Qs — not analysing them. You're buying insight and getting keystrokes.

One missed signal costs more than your research budget

A dropped KPI. A softened guidance phrase. A segment reclassification masking declining revenue. On a £50M position, the signal your team skimmed past at 11pm is worth more than everything else they did that quarter.

You only see 15 of 4,500 companies

When TSMC raises capex 12% and AMD guides Data Center up 15%, that's a sector signal worth millions in context. But if you only cover NVDA, you're trading one company's story without the full picture.

Nobody catches what's not said

A KPI reported for 3 quarters straight, then gone. A risk factor quietly removed. "We expect" softened to "we currently anticipate." These are the highest-signal data points in any filing — and no terminal, no screen, no analyst workflow catches them systematically.

Financial intelligence today lives in three silos: document search, consensus data, and derivatives analytics. Nobody connects them. Spyndex does.

Not a search engine — you already have one. Not a data terminal — you already have one. An intelligence engine that extracts what companies say, scores it against what they should say, maps it across the sector, and tells you what matters before the opening bell.

60 seconds from filing to intelligence

A new 10-Q hits EDGAR. Within a minute, you have a structured research brief with scores, red flags, cross-company context, and sector signals. Here's how.

1 Every filing, every company, automatically

EDGAR is monitored continuously. The moment a 10-Q, 10-K, 8-K, or earnings transcript becomes available, extraction begins. No setup. No watchlist limits. Every public company, every filing type.

2 Three-pass deep extraction

Pass 1: Structured data — revenue, margins, segments, guidance, cash flow, insider activity. Every number, typed and validated.
Pass 2: Interrogation — 25+ analyst questions asked of every filing. Revenue quality, margin sustainability, guidance softening, competitive positioning.
Pass 3: Cross-reference — this filing vs prior quarters, vs peer companies, vs the company's own press release and transcript. Divergences generate alerts.

3 Scored with peer-reviewed frameworks

SUE (3 variants including text-based PEAD.txt), Piotroski F-Score, Altman Z-Score, Beneish M-Score, DuPont decomposition, Loughran-McDonald sentiment. The same frameworks your analysts use — calculated automatically, consistently, across every company.

4 Delivered as actionable intelligence

Not a data dump. A structured research brief with scores, red flags, omission alerts, cross-company context, and sector-level signals. Read it in two minutes. Act on it immediately.

The context your competitors don't have

This is what no terminal gives you. Spyndex doesn't just extract data — it understands that "Revenue", "Net Sales", and "Total Revenue" are the same concept across different companies.

Automatic entity resolution

Every extracted metric gets a semantic description. "Data Center segment revenue" at NVDA and "Data Center revenue" at AMD resolve to the same concept automatically. No manual mapping. No XBRL tag mismatches. Genuine apples-to-apples comparison across the entire market.

A living knowledge graph per company

Every company builds a financial knowledge graph — entities, relationships, temporal changes, cross-document references. Quarter over quarter, Spyndex tracks how every metric evolves: margin trajectory, guidance drift, leverage shifts, tone changes. Not snapshots — a continuous financial narrative.

Cross-company KPI divergence

When TSMC's capex guidance diverges from Intel's, that's a sector signal. When all semiconductor companies guide capex higher, that's a macro signal. Spyndex detects divergence automatically — within companies over time, and across companies within sectors.

Accounting convention mapping

Companies change how they report. They merge segments, redefine metrics, shift comparison periods. Spyndex tracks these changes and adjusts comparisons accordingly. The graph remembers what changed and when — so you see through the restatements.

This is what lands on your desk

Not a summary. Not a chatbot response. A structured research brief with every claim cited to its source document.

NVDA 10-Q · Q1 2026
+2.4σ BEAT Extracted in 47s · 3 sources cross-referenced
SUE +2.4σ Earnings beat
SUE.txt +1.8σ Text less bullish
F-Score 8/9 Δ +1 from Q4
Z-Score 4.2 Safe zone
M-Score -2.9 No manipulation
Forensic LOW Clean audit
DuPont Margin-driven (38% → 41%), not leverage. ROE improvement from operations. 10-Q p.23
L-M Sentiment Uncertainty +18% QoQ in prepared remarks. Constraining language +12%. Positive terms flat. Transcript

Bull Case

  • Data Center revenue +34% YoY, accelerating 10-Q p.8
  • Gross margin expansion driven by mix shift to inference Transcript, CEO
  • TSMC capex +12% confirms sustained demand TSMC 10-Q cross-ref
  • Operating leverage improving — OpEx growing slower than revenue

Bear Case

  • SUE.txt divergence: guidance language softened despite beat Transcript
  • Gaming segment stalling — revenue flat, MAU silently dropped 10-Q p.12
  • SBC +22% QoQ vs revenue +8% — dilution accelerating 10-Q p.31
  • China exposure unclear — revenue split no longer disclosed vs Q4 10-Q p.9

Red Flags

HIGH
SUE vs SUE.txt divergence. Number beat big, but guidance language softened. "We expect" → "We currently anticipate" on Data Center segment. Transcript p.3, CEO prepared remarks
MED
Dropped metric. Gaming segment MAU not reported this quarter (reported in prior 3 quarters). Segment revenue flat. 10-Q p.12
MED
SBC accelerating. Stock-based comp +22% QoQ vs revenue +8%. 10-Q p.31, Note 11

What's Not Being Said

No mention of China revenue split (previously ~22% of DC) Last disclosed: Q4 2025 10-Q p.9
Customer concentration language removed from risk factors Compare: Q4 10-Q p.22 → Q1 10-Q p.21
Gaming MAU silently dropped after 3 quarters of decline Q2→Q3→Q4: 112M→98M→91M→not disclosed

Cross-Company Context

  • AMD Data Center: guided +15% (NVDA guided +8%). First time AMD guided higher growth in this segment. AMD 10-Q, filed 4/28
  • TSMC capex: raised 12%, consistent with strong AI chip demand.
  • INTC foundry: losses widening — NVDA competitive moat strengthening.

Sector Signal

  • Earnings breadth: 7/12 semiconductor companies reported, 71% beat rate
  • Aggregate sector SUE: +1.1σ (moderately positive)
  • Entity divergence: NVDA/AMD DC guidance gap widening (new signal)

Flow Context Layer 3 NVDA → QQQ/NQ (7.2% weight)

QQQ GEX -$2.1B Negative gamma — moves amplified
Regime Risk-on Transitional
NQ Impact +45–65 bps From semiconductor cluster
Vanna ~$800M Dealer delta buy on vol crush

The most important signal is the one that's missing

Management teams don't announce bad news — they stop mentioning things. Spyndex tracks every metric, every disclosure, every risk factor across quarters. When something disappears, you know.

Dropped disclosures

A KPI reported for 3 quarters straight, then gone. A customer name that disappears. A risk factor quietly removed. These aren't random — they're signals.

Changed definitions

Revenue metric redefined to include a new category. EBITDA add-backs growing every quarter. Two segments merged right as one was weakening. Spyndex flags every definitional change.

Language pattern shifts

"We expect strong growth" becomes "We currently anticipate continued momentum." The hedging is subtle. The knowledge graph tracks language patterns quarter over quarter and flags the drift.

Cross-filing contradictions

The press release says one thing. The 10-Q says another. The CEO's tone on the call doesn't match the CFO's numbers. Spyndex cross-references every document from the same company in the same period.

What it costs to build this yourself

Spyndex replaces five separate workstreams. Here's what each one costs your fund.

Junior equity analyst Covers 15-20 stocks. Manual extraction, manual comparison, manual everything.
£80,000/yr
Quantitative scoring infrastructure SUE, F-Score, Z-Score, M-Score, DuPont — built, validated, and maintained.
£120,000+/yr
NLP extraction pipeline Parse every filing format, every company, every quarter. Keep it current.
£200,000+ to build
Cross-company entity resolution Semantic matching of metrics across 4,500 companies. Apples-to-apples comparison.
Nobody sells this
Omission detection system Track every metric, disclosure, and risk factor across quarters. Flag what disappears.
Doesn't exist
Total to replicate 18+ months to build. Still only covers 15-20 stocks.
£400,000+/yr

Spyndex: everything above. Every company. 60 seconds.

Starting from less than one month of an analyst's salary.

Three tiers. Pick your depth.

Layer 1

AI Equity Research

Individual stock intelligence. Every filing extracted, scored, interrogated, and cross-referenced. Omission detection included. Minutes after the filing drops.

Includes: tearsheet, scores, red flags, omission alerts, peer context
Layer 3

Earnings-to-Flow

The layer nobody else has. Conditions earnings signals on dealer gamma exposure and market regime. The same earnings surprise moves markets differently depending on options positioning.

Everything in Layer 2, plus: GEX regime, flow context, index impact prediction

The Spyndex Guarantee

If Spyndex doesn't surface at least one signal your team would have missed during your first earnings season, cancel immediately. No questions. No hoops. No hard feelings.

We can make this guarantee because across 4,500 companies, the math is on our side. We just need to prove it once.

Stop reading filings. Start reading intelligence.

Founding members get priority access, locked-in pricing, and a direct line to shape the product roadmap.

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