---
title: "Beat and Raise vs EvidInvest — as-filed EDGAR search or a standardized API (checked September 2026)"
description: "Beat and Raise is a free SEC filings research tool that shows documents exactly as filed, with full-text search, an AI chat and a hosted MCP server. EvidInvest is a standardized statements API with filing citations. Every claim here is read off Beat and Raise’s own pages and dated."
canonical: https://evidinvest.com/alternatives/beatandraise
last_updated: "2026-09-09"
---

# Beat and Raise vs EvidInvest: filings as filed, or statements standardized and cited

> Beat and Raise is a free SEC filings research tool that shows EDGAR documents exactly as the company filed them — its home page calls it “The research tool for people who actually read company filings” and offers browsing, financial statements and full-text search as “free forever”, plus an AI chat and a hosted MCP server. EvidInvest starts from the other end: the same filings normalized into one standardized statement schema you can query as an API, with each US row from fiscal 2009 carrying the accession number it came from.
> Every claim about Beat and Raise below was read off its own pages on 2026-09-09;
> the source URL and that date are printed on each comparison row.
> Canonical page: https://evidinvest.com/alternatives/beatandraise.

## Who Beat and Raise suits

Beat and Raise suits someone who reads the primary document rather than a dataset. Its own framing is fidelity to the source — “The actual statements, as filed… Original formatting preserved, tables downloadable to Excel, every exhibit included” — and it exposes exhibit-level material a normalized API throws away entirely: indentures, credit agreements, underwriting agreements, plans of reorganization. Full-text search lands you inside the document at the highlighted hit. None of it needs an account.

## What Beat and Raise does better

- Fidelity to the source document. A standardized API destroys original formatting by definition; Beat and Raise deliberately preserves it, tables and exhibits included, and lets you download the tables to Excel.
- Exhibit-level depth EvidInvest simply does not carry: indentures, material contracts and credit agreements, plans of reorganization, articles and bylaws, and underwriting agreements are browsable per company.
- Full-text search across their stated 18M+ filings that jumps you straight to the hit, highlighted in the original document — a very different action from reading a normalized number.
- Genuinely free at the core: browsing, financial statements and full-text search are each labelled “free forever”, with the AI chat “free in beta”, and no account is required.
- No-signup paid research: reports are €14.99 each including VAT with “nothing to sign up for”, emailed back usually within ten minutes.
- They advertise on-premise deployment — “Run the whole stack inside your own network, so filings and queries never leave it” — and pointing the agents at models you host yourself. EvidInvest offers no equivalent.

## What EvidInvest does differently

- EvidInvest normalizes across companies rather than presenting each filing as filed, so the same line item is comparable between two companies and across forty years without reading either document.
- The annual series runs back to fiscal 1985. Beat and Raise states 1994 as the start of its filing history on the home page — and 1995 on its own support page, a discrepancy worth knowing about before you rely on either figure.
- Statements are queryable as an API, not only browsable: a REST endpoint per tool with an OpenAPI 3.1 specification covering 54 of them.
- Every US statement row from fiscal 2009 carries the form, period, filing date, accession number and sec.gov URL of the filing where that fiscal year first appeared.
- Valuation is part of the product — DCF, reverse DCF and five other methods solved for what today’s price implies, with the inputs shown and adjustable.
- Coverage extends past SEC filers to over 40,000 listings on 60+ exchanges, standardized with end-of-day prices — with no filing behind those rows, and the tools say so.

## Side by side

| Capability | Beat and Raise | EvidInvest | Source (read on) |
| --- | --- | --- | --- |
| What you are actually getting | A filings research site: browse, read and full-text-search EDGAR documents as filed, with an AI chat over them. Their tagline is “Every SEC filing, as filed. Free.” | A standardized statements service: one normalized schema across companies and years, reachable as a website, a REST API and a hosted MCP server. | https://www.beatandraise.com/ (2026-09-09) |
| Data source and how far back it goes | SEC EDGAR. Home page states “18M+ SEC filings”, “32 Years of history”, “1994 Filed since”. Their support page states a different start year for the same claim — “since 1995”. | Standardized annual statements from fiscal 1985 — 30+ annual periods on file for 5,000+ US-listed companies — with US rows sourced from the company’s own XBRL filings from fiscal 2009 on. | https://www.beatandraise.com/support (2026-09-09) |
| Non-US and foreign issuers | Through SEC filings: “this also includes overseas companies such as SAP, Alibaba and companies that went bust such as Enron.” No claim of native non-US regulator filings. | Over 40,000 listings on 60+ exchanges, standardized by EvidInvest with end-of-day prices — and no SEC filing behind them, so no filing link and no 1985-deep history on those rows. | https://www.beatandraise.com/support (2026-09-09) |
| Standardized statements across companies | Their product is the opposite by design: “The actual statements, as filed — income statement, balance sheet and cash flow exactly as the company filed them.” Their MCP tool get_financial_statements returns structured statements per filing. Cross-company normalization is not claimed. | Yes — one normalized schema for income statement, balance sheet and cash flow, annual and quarterly, comparable across companies and across forty years. | https://www.beatandraise.com/ (2026-09-09) |
| Citations back to the source document | Yes, stated: “Ask questions, get sourced answers”, “The agent works from 10-Ks, 10-Qs, 8-Ks and exhibits — not from memory”, and search results “jump straight to the hit, highlighted in the original document”. | Yes, on every US statement row from fiscal 2009: filing_date, accession and a sec.gov source_url. Filing-section and transcript search return the passage with its accession and sec.gov URL too. | https://www.beatandraise.com/ (2026-09-09) |
| Earnings-call transcripts | Not stated as a product feature. The word appears once, in a description of their own backend cron jobs; there is no transcript search, tool or view on the home page, the MCP page or a company page. | Yes — earnings-call transcript search is one of the tools, on both REST and MCP. | https://www.beatandraise.com/mcp (2026-09-09) |
| 13F institutional holdings | Yes, as an MCP tool: get_holdings returns “parsed 13F-HR institutional holdings… issuer name, CUSIP, FIGI, market value, share count, investment discretion, and voting authority”. | On the website only, at evidinvest.com/holders/{SYMBOL}. It is not one of the MCP tools, so on this specific capability Beat and Raise reaches an agent and EvidInvest does not. | https://www.beatandraise.com/mcp (2026-09-09) |
| Valuation models (DCF, reverse DCF, fair value) | Not stated. No occurrence of DCF, fair value or valuation on the home page, the reports page, the support page, the MCP page or a company page. | Seven methods — DCF, reverse DCF, P/E growth, earnings power, Graham, EV/EBITDA, EV/FCF and P/E versus sector — each solved for what today’s price implies, with every input shown and adjustable. No buy or sell verdict is produced. | https://www.beatandraise.com/reports (2026-09-09) |
| MCP server | Yes, hosted, at mcp.beatandraise.com/mcp with ten tools: search_filings, search_companies, get_filings, get_filing_detail, get_document, search_document, get_holdings, get_insider_transactions, get_financial_statements and get_company. Pricing and authentication for it are not stated on that page. | Hosted at mcp.evidinvest.com/mcp over Streamable HTTP, 59 tools, OAuth 2.1 in the browser so Claude and ChatGPT need no key pasted, or an API key as a bearer token. | https://www.beatandraise.com/mcp (2026-09-09) |
| REST API | Not offered, in their own words: “We don’t really have plans to make a plug and play api at the moment, but we can provide a custom api if it’s worth the effort.” APIs appear on the home page only under custom solutions. | Yes — POST JSON to mcp.evidinvest.com/v1/tools/{tool_name} with a bearer key, against an OpenAPI 3.1 specification covering 54 of the tools. | https://www.beatandraise.com/support (2026-09-09) |
| Price | Browsing, financial statements and full-text search are each “free forever”; the AI chat is “free in beta”. Research reports are “€14.99 per report, VAT included. Nothing to sign up for”, with bundles at €44.97 for three, €74.95 for five and €149.90 for ten. Their terms mention a monthly subscription basis, but no subscription tier is published and their /pricing URL returns 404. | The website is free with no account. AI analyses and API/MCP usage draw on prepaid credits: Starter $10 for 360 credits, Plus $20 for 720, Pro $59 for 2,000. Credits never expire and there is no subscription. | https://www.beatandraise.com/reports (2026-09-09) |
| Licence and self-hosting | Proprietary — operated by Iterative Works GmbH, with no licence or source repository stated. On-premise deployment is offered as a paid custom engagement: “Run the whole stack inside your own network, so filings and queries never leave it.” | Proprietary hosted service, with no on-premise option at any price. The npm package @evidinvest/mcp-server is a client for the hosted server, not a copy of the data. | https://www.beatandraise.com/terms (2026-09-09) |

## Pick Beat and Raise if…

you want the document itself. If your work is reading 10-Ks and their exhibits — indentures, credit agreements, underwriting agreements — searching full text and landing on the exact sentence in the original formatting, Beat and Raise does that for free and without an account, and EvidInvest does not do it at all. It is also the answer if you need the whole stack running inside your own network, which they offer and we do not.

## Pick EvidInvest if…

you need the numbers as data rather than as documents: one standardized schema comparable across companies and across forty years, back to fiscal 1985, queryable from a REST API or an OpenAPI-described toolset, with each US row from fiscal 2009 carrying the accession number and sec.gov URL behind it. Also if you want valuation models over that data, or coverage of the 40,000+ listings outside the SEC’s universe.

## Where EvidInvest is the weaker choice

- Filing links start at fiscal 2009. That is where the SEC’s structured XBRL data begins, so US statement rows from fiscal 2009 onward carry the form, period, filing date, accession number and sec.gov URL — and rows older than that carry the standardized figures with a null citation rather than a fabricated link. The series still runs back to fiscal 1985; the link does not.
- Institutional ownership from Form 13F is published on the website, at evidinvest.com/holders/{SYMBOL}, and is not one of the MCP tools. If you need 13F positions inside an agent or a script today, EvidInvest is not the way to get them.
- Coverage outside the US is standardized statements, not filing links. The 40,000+ non-US listings on 60+ exchanges are normalized by EvidInvest with end-of-day prices; there is no SEC filing behind them, no source document to open, and nothing like the 1985-deep history the US series has.
- Prices are Cboe data delayed at least fifteen minutes and labelled as such on every response. There is no real-time feed, no tick data, no full options chain archive and no crypto at any price. Options positioning is previous-session only.
- Quarterly statements do not reach as far back as the annual series, so a decades-long quarterly panel is not available.
- EvidInvest is a hosted service. There is no open-source distribution and nothing to run inside your own network — if that is a requirement, stop reading here.

## FAQ

### Is Beat and Raise free?

The core is. Their home page labels browsing filings, financial statements and full-text search “free forever”, and the AI chat “free in beta”, with no account required. What is paid is their research reports, at €14.99 each including VAT with nothing to sign up for, and bundles at €44.97 for three, €74.95 for five and €149.90 for ten. Note that their terms page describes charging on a monthly subscription basis while no subscription tier is published anywhere and their /pricing URL returns a 404 — so confirm before you assume either model.

### Does Beat and Raise have an API?

Not a public REST API. Their support page answers this directly: “We don’t really have plans to make a plug and play api at the moment, but we can provide a custom api if it’s worth the effort.” They do run a hosted MCP server at mcp.beatandraise.com/mcp with ten tools, so an AI client can query filings, financials, holdings and insider transactions — but a conventional HTTP API is a custom engagement.

### What is the difference between “as filed” and standardized financial statements?

As-filed means each company’s statement is shown the way that company presented it — its own line-item names, its own groupings, its own formatting. That is faithful to the document and awkward to compare: two companies can report the same economics under different labels. Standardized means every filer is mapped into one common schema, so the same field means the same thing across companies and years, at the cost of the original presentation. Beat and Raise chose the first deliberately; EvidInvest is built on the second.

### Which one gives an AI assistant better SEC data?

It depends on what you are asking it. Beat and Raise’s MCP server is stronger for document work and for 13F holdings and insider transactions, which are tools there and are not MCP tools at EvidInvest. EvidInvest’s server is stronger for long standardized series, cross-company comparison, cited statement rows and valuation, with 59 tools and OAuth so nothing is pasted into the client. Both are hosted MCP endpoints, so trying both costs an afternoon.

### Does Beat and Raise cover companies outside the United States?

Through their SEC filings only. Their support page states the coverage “also includes overseas companies such as SAP, Alibaba”, which are foreign private issuers filing with the SEC. Neither product reads filings from non-US regulators directly; EvidInvest’s 40,000+ non-US listings are standardized statements with end-of-day prices, not filings, and carry no source-document link.

### How current is each one after a filing hits EDGAR?

Beat and Raise states its own caveat: “during peak times during earnings season, it can take upto 15 minutes filing to appear.” They also mark their reports feature as alpha and say so on the page — “Reports are written by an AI agent reading primary filings and can have mistakes.” That is candid, and it is the kind of thing worth checking on any provider, including this one.

## Sources

Every Beat and Raise cell above was read from these pages on 2026-09-09:

- https://www.beatandraise.com/
- https://www.beatandraise.com/mcp
- https://www.beatandraise.com/reports
- https://www.beatandraise.com/support
- https://www.beatandraise.com/terms

Product home page: https://www.beatandraise.com/

## Related pages

- All comparisons: https://evidinvest.com/alternatives (Markdown: https://evidinvest.com/alternatives.md)
- Nine financial data APIs in one dated table: https://evidinvest.com/compare/financial-data-apis
- The EvidInvest MCP server and every tool name: https://evidinvest.com/mcp
- What EvidInvest costs: https://evidinvest.com/pricing (Markdown: https://evidinvest.com/pricing.md)

Research and data software, not investment advice.

## Sitemap

See the full [sitemap](https://evidinvest.com/sitemap.md) for every page on this site,
the [index for language models](https://evidinvest.com/llms.txt), and the
[glossary](https://evidinvest.com/learn/glossary) for the terms used above.