Edgar Online

Edgar Online operates as a specialized provider of U.S. Securities and Exchange Commission (SEC) regulatory data, transforming how financial professionals and corporations access and utilize disclosure information. The firm was co-founded by the husband-and-wife team, Marc and Susan Strausberg, in 1995, building upon their prior venture, Internet Financial Network (IFN), which was acquired by America Online. Susan Strausberg served as CEO for 13 years, leading the company through its initial public offering in 1999 and establishing it as a key player in the democratization of financial data.

The company's business revolves around processing raw data from the SEC's EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system and delivering it to clients in a timely and usable format. Its primary offerings include data APIs and the Edgar Pro web interface, which provide structured access to public company filings, financial statements, insider trading data, and institutional ownership information. This allows clients to perform competitive analysis, benchmark performance, and monitor corporate activities. Revenue is generated through customized licensing and subscription agreements, with pricing based on the client's specific use case and the data sets required.

Edgar Online serves a diverse client base that includes exchanges, brokerage firms, data distributors, financial portals, law firms, auditors, and corporate executives. The firm's products are designed to make vast quantities of regulatory filings comprehensible and actionable, offering tools like customized dashboards and alerts. Over its history, Edgar Online has undergone several ownership changes. It was acquired by R.R. Donnelley & Sons in 2012 for approximately $70.5 million. Subsequently, it became part of Donnelley Financial Solutions (DFIN) after a spin-off in 2016. In November 2022, OTC Markets Group acquired the company, aiming to integrate its comprehensive SEC and OTC disclosure data to provide a more holistic view of issuers and securities for investors and compliance teams.

Keywords: SEC data, financial analytics, EDGAR, regulatory filings, disclosure management, company financials, institutional ownership, insider data, financial data API, public company data, investment research, competitive analysis, compliance data, XBRL services, OTC data, shareholder information, IPO data, financial portals, brokerage data services, corporate disclosure