Use Case: Risk Factor and MD&A Extraction
A sample SEC API pricing simulation for extracting specific 10-K filing sections across many companies.
Use Case: Risk Factor and MD&A Extraction
This example estimates the cost of extracting selected 10-K sections for research, AI processing, or risk analysis.
Assumptions
| Item | Value |
|---|---|
| Product | SEC API |
| Workflow | Filing discovery and item extraction |
| Endpoint patterns | GET /v1/filings, GET /v1/extractor/item |
| Example tickers | AAPL, MSFT, NVDA, TSLA, AMZN |
| Filing type | 10-K |
| Items extracted | Item 1A Risk Factors, Item 7 MD&A |
| Companies covered | 500 companies |
| Estimated transferred data | 50 GB/month |
Example requests:
| Purpose | Example endpoint |
|---|---|
| Find Apple 10-K filings | GET /v1/filings?ticker=AAPL&form_type=10-K&filling_date_start=2025-01-01&filling_date_end=2025-12-31&page_size=50 |
| Extract Risk Factors | GET /v1/extractor/item?accession_number=0000320193-25-000079&item_number=1A&output_format=text |
| Extract MD&A | GET /v1/extractor/item?accession_number=0000320193-25-000079&item_number=7&output_format=text |
Estimated usage
Data transfer rate:
$10 per GB
Estimated monthly usage:
50 GB × 10 credits/GB = 500 credits
Plan comparison
| Plan | Price per Credit | Monthly cost | Included credits | Estimated monthly cost |
|---|---|---|---|---|
| Pay As You Go | $1.00/Credit | No commitment | N/A | $500.00 |
| Committed 64 | $0.85/Credit | $64 | ~75.29 credits | $488.71 |
| Committed 256 | $0.75/Credit | $256 | ~341.33 credits | $414.67 |
| Committed 512 | $0.70/Credit | $512 | ~731.43 credits | $512.00 |
| Committed 1024 | $0.65/Credit | $1,024 | ~1,575.38 credits | $1,024.00 |
Result
For this sample, Committed 256 has the lowest estimated cost.
It covers approximately 341.33 credits, and the remaining usage is billed as Pay As You Go overage.
Caveat
Actual usage depends on the number of filings, extracted items, output format, filing length, response size, and whether the workflow also downloads original documents or converts XBRL files.
SEC API Pricing Use Cases
Sample pricing simulations to help estimate SEC API usage across filing search, extraction, XBRL conversion, and document download workflows.
Use Case: Recent SEC Filings Monitoring
A sample SEC API pricing simulation for monitoring recent filings across a group of public companies.