iEDGAR: Finding Company Filings Has Never Been Easier!
During the past couple of weeks I have been working behind the scenes to finish my iEDGAR search engine and API. Today I'm proud to announce the beta release! Read on for more details.
As you might know, the SEC's EDGAR database is the place where the annual and quarterly reports of all publicly traded companies of the United States are housed. It's truly a treasure trove of financial data for investors and analysts, but unfortunately the website is not very user-friendly and it's hard to find what you are looking for. I wanted to improve this system.
Then I also found out about the fact that since around 2009, the SEC required companies to file their financial data in XBRL format. This is essentially a digital way of reporting financial facts which in theory allows applications to easily tap into this data. To learn more about this up-and-coming technology, listen to my interview with Nate Anderson for my Money Tree Investing podcast.
I recognized how financial applications could use XBRL to create powerful features, but the way the SEC website is currently set up it's not easy to actually locate the XBRL file you need. I also wanted to improve this.
That's when I came up with the idea of creating iEDGAR; an easy to use, smart search engine which shows you direct links to the most important files on the SEC website, searchable by ticker symbol and available in HTML, XML, and JSON format.