Frequently Asked Questions

EquityDive generates comprehensive investment research reports on most U.S.-listed companies. Enter a ticker symbol, and we pull data from multiple sources — SEC filings, institutional-grade financial databases, earnings call transcripts, and more. Each report opens with a buy, hold or sell call, a 12-month price target and the core thesis, then covers the business, its industry and governance; a financial model with past results and forward projections; a valuation combining the methods most relevant to the company's industry; risks, catalysts and a technical trade setup; institutional ownership, insider and congressional trading; and a review of the latest earnings call.

The critical data is handled deterministically — by code, not AI — so the same inputs always produce the same numbers. Financial statements, forecasts and valuation models are computed from the underlying data, and earnings call transcripts, insider trades, congressional trades and institutional holdings come straight from their sources, never generated by AI; the earnings call review is written by AI from the transcript. One step uses AI before the math runs: it picks the peer companies used for comparison and the company's sub-industry, which set the comparable multiples and which forecast and valuation methods apply. Your choice of leading AI model then adds the analyst judgment — qualitative insight across every section, and the calls an analyst would make, such as scenario probabilities, price targets and how much weight each valuation method gets — grounded in the data presented in the report. Each report takes about 5 minutes to generate.

We focus solely on U.S.-listed companies, about 4,000 of them, that file annual reports (10-Ks) with the SEC and trade on the NYSE, Nasdaq or Cboe. Where a company has several share classes, we cover one (for example GOOGL, not GOOG). We don't currently cover:

• ETFs, funds, preferred shares, or debt and hybrid securities;
• companies that haven't filed a 10-K yet, such as most recent IPOs;
• foreign companies that file only a 20-F or 40-F;
• over-the-counter (OTC) stocks.

Our reports are built from a company's reported financials, so they work best for businesses with an operating track record. For early-stage or deeply loss-making companies, read the forecast with extra care: their value rests on future milestones, which is closer to venture investing.

Our coverage keeps growing. The quickest check is to type a ticker on the Analyze page — if it doesn't appear, we don't cover it yet. If there's a company you'd like added, send us a note from your Account page under Feedback.

Our reports synthesize data from SEC filings and reputable financial data providers. Reported financial data comes from official filings and financial databases — it is never generated by AI.

Financial data comes from the most recently filed SEC documents, typically the latest 10-K annual report. Earnings call transcripts reflect the most recent available quarter. Market data such as stock prices and peer comparisons are pulled at the time of report generation.

Yes. All registered users can access their past reports from the History tab after logging in. You can print or delete reports from your account at any time. Each report includes the generation date and the AI model used, making it easy to track how your views evolve over time or compare perspectives across different models.

Yes, on reports that carry a cash-flow or dividend model. There you can adjust the discount rate, growth and exit multiples after the report is generated and see how each change moves the value, without generating a new report. The WACC card, which shows how the discount rate is built, is display-only. Where a report has no cash-flow or dividend model, there are no inputs to adjust. More customization options are on our roadmap.

One credit equals one comprehensive report. Volume and payment method–based discounts are available. Create a free account to take advantage of your complimentary first report, then visit our Pricing page for full details on credit packages and discounts.

We accept card payments (Visa, Mastercard, Amex) through Stripe and Bitcoin payments (Lightning or on-chain) through BTCPay Server.

EquityDive operates on a pay-per-report model. We believe this best aligns the value we deliver with the costs incurred to produce each report. Your time is valuable — no need for yet another fine-print subscription to keep track of.

If a report fails to generate due to an unforeseen network issue, no credits will be deducted from your account. In the event a report generates successfully but a local connectivity issue prevents delivery, the completed report will be available in your History tab. Because reports are generated on demand using paid data and computing resources, we are unable to offer refunds for completed reports. If you experience any issues, reach out to us at support@equitydive.ai — we’re committed to making things right.

AI model providers occasionally have outages or slow periods. If a report fails to generate, try again; if it still fails, choose a different model from the picker. Failed reports are refunded automatically.

Card payments are processed by Stripe — we never see or store your card details. Bitcoin payments are handled by BTCPay Server. We do not sell or share your personal information with third parties. See our Privacy Policy for full details.

We take privacy seriously, and we’ve architected the product with this exact concern in mind.

First, we require nothing beyond a valid email to use our service. When you generate a report, our servers send each request to the AI models with no name, email or account attached, so no model provider ever receives your identity. Not every request goes through our privacy gateway: some research lookups go from our servers to an AI search provider directly. Either way, the request carries nothing that identifies you, so the models handle the analysis with no connection to who requested or receives the report.

Second, your alpha lies in what you do with the report: your individual thesis, your custom assumptions, and your conviction. The report empowers you with comprehensive analysis spanning multiple domains of equity research, culminating in a cohesive AI-driven recommendation with probabilistic outcomes grounded in the underlying data. But the edge is yours: how you interpret it, weight it, and act on it.

Third, we’re closely monitoring the open-source model landscape. As soon as leading open-source models meet our quality thresholds, we plan to offer end-to-end encrypted options for users who want that additional layer of assurance.

We take accuracy seriously. EquityDive uses a proprietary architecture that separates fact from interpretation. Reported financials, ratios, the financial model and the core valuation models are calculated by code from official filings and financial databases — not generated by AI. The AI model then makes the judgment calls an analyst would make on top of those figures — such as how much weight each valuation method gets, the probability and price target of each scenario, and the entry levels in the trade setup — and the report shows its reasoning. Where AI excels is in synthesizing qualitative insights — interpreting competitive dynamics, contextualizing risks, and highlighting implications of the data. This deliberate separation ensures that the quantitative backbone of every report is as reliable as its source data, while still giving you the benefit of AI-powered analysis where subjective judgment adds value.

EquityDive employs a proprietary engineering pipeline, but when it comes to the AI intelligence powering your report’s analysis, the choice is yours. We offer a curated selection of leading frontier models and are committed to making the latest options available as they release. You can set a default model preference in your account or generate reports on the same company using different models for an alternate perspective. Just as a stock covered by Wall Street analysts can receive widely differing ratings based on the same publicly available information, think of our model options as your own personal board of directors — each bringing a distinct analytical lens to the same data.

No — and we’d be skeptical of anyone who claims they can. Even with the power of modern AI, no one has a crystal ball. Our reports are not financial advice and should not be treated as such. What they are designed to do is empower you with a comprehensive, well-organized set of relevant information in a fraction of the time it would take to compile on your own. As the saying goes, investing is an individual sport. Our goal is to help you build conviction in your own thesis rather than rent someone else’s.