A live financial model of a company, and the research written from it — built so that every
figure in a note can be traced back to the assumption that produced it, and to the filing
that produced the assumption.
Most research is a model in one place and a document in another, reconciled by hand and by
memory. These are one system, which is what makes the rest of it possible.
A model you can interrogate
Full three-statement forecast driven by segment-level assumptions. Change one and every
statement, scenario and valuation moves with it — in your own copy, visible to nobody
else until it is published.
Notes that write themselves
A preview before the print, a review of the result against sealed consensus, and a note
on what the earnings call added. Built from the model's own numbers rather than retyped
from it.
A record of what changed
Every published version of the model keeps what it replaced, field by field, with the
reason it moved. A number from six months ago still explains itself.
What the machinery is actually for
Nearly all of it exists to make one kind of mistake impossible: a figure reaching a reader
without anyone able to say where it came from.
Consensus is sealed first
The benchmark is hashed before the company reports, so a beat is measured against what
was expected beforehand — not against a number revised afterwards.
Nothing is inferred
A figure that was not disclosed is recorded as absent and says so. A null with an
explanation is the correct answer; an interpolation presented as a fact is not.
A note is audited before it goes
The finished note is checked against the reported figures it was built from. If those
changed after it was written, it does not send.
Drafts are private until published
Anyone can work on their own version of the model. Only the owner of that model can make
one the official build, and doing so is recorded.
Every change has an author
Who changed what, when, and what it replaced — kept for good, and readable by everyone
who reads the numbers.
Access is by invitation
The platform is private. If you have an account, sign in with the address it was issued to.