LedgerLine
Stock research from the filings

Every stock, scored from what it filed.

Type a ticker. LedgerLine reads up to 17 years of SEC filings and ten years of prices, then tells you if the business is good, the moat is real, the risk is low and the price is fair.

Free during the beta. Sign in with the email you were invited with; we email you a one-time code.

Example verdict
Hold
Business quality
Very strong
Moat and safety
Strong
Growth
Strong
Risk
Low
Valuation
Fair value

Illustration of the layout, not a current rating.

What you get

Thirteen tabs, one answer.

Eight key attributes

Growth, free cash flow, debt, price, capital efficiency, leading signals and moat: pass, watch or fail, with the numbers behind each.

Undervalued, fair or overvalued

Fair value, buy-below price and the return at today’s price, from the stock’s own ten-year normal multiple.

A verdict

Buy, Wait for price, Hold, No new money or Avoid, from a fixed rule you can read. No black box.

The full filings

Income statement, balance sheet, cash flow and comprehensive income for up to 17 years, split-adjusted, plus trailing twelve months.

Notes, MD&A and risk factors

Every note to the financial statements, management’s discussion, risk factors and legal proceedings from the latest 10-K, one click each.

Your list

Save a scorecard with your notes and the price on the day, then come back and see how it held up.

Pricing

Free for 21 days. Then pick a plan.

Monthly
$19 / month
  • Every US-listed stock
  • All tabs and filings
  • Cancel any time
Start free trial
Annual · two months free
$190 / year
  • Everything in monthly
  • Works out to $15.83 a month
  • Cancel any time
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Payments by Stripe. Your card isn’t charged until day 22. Manage or cancel from Account inside the app.

Questions

Before you sign up

Where does the data come from?

Financial statements are read from the XBRL tags in each company’s SEC EDGAR filings; notes and MD&A come from the same filings. Prices are 15-minute delayed during market hours and end-of-day otherwise, from a licensed market-data provider.

Which stocks are covered?

US-listed companies that file 10-Ks and 10-Qs with the SEC. Most foreign listings and OTC names aren’t covered.

How do I log in?

Use the email you subscribed with. We send a one-time code to that address. No password to remember.

How do I cancel?

Inside the app, choose Account. You can cancel there in two clicks, and you keep access until the end of the period you paid for.

Is this investment advice?

No. LedgerLine is for information only. It rates stocks by fixed rules applied to public data, doesn’t know your situation and isn’t a recommendation to buy or sell anything. Trade at your own risk, and talk to a licensed financial adviser or CPA before investing.