The Reporter is the part of Finapolis that produces a full equity research report on a company: a document that takes a position, lays out the case for it and against it, walks the business and its industry, and ends by listing its sources. It is the kind of report that, until recently, came from a sell-side analyst or a research subscription priced for institutions. What makes it trustworthy is not how fast it appears. It is that every claim in it has been checked against the company's filings before you read it, the same way a sell-side desk stands behind its numbers.
This guide covers what is in a report, how to read it, and the part that matters most when you are putting real money behind a thesis: how it gets verified before it reaches you.
What a Reporter report is
A Reporter report is structured equity research, not a summary. It is written the way a professional analyst writes one: it takes a position, supports it with the numbers, and names the documents behind it. Each report follows the same 5 sections in the same order, so once you have read one you can move through any of them quickly. Coverage runs to 500+ public companies today, weighted toward US large-cap and growth, and expands on a rolling basis.
The analysis here is the kind that used to sit behind an institutional subscription. Each report is built and fact-checked offline, then published as a web document and a PDF, so when you open one you are reading a finished, verified file.
The 5 sections, the shape of an analyst report
The 5 sections are the same ones a professional research report uses, in the same order: Executive Summary, Investment Overview, The Company, The Industry, and Data Sources. Read top to bottom, they take you from a one-paragraph thesis to the evidence behind it, and finally to the documents it all rests on.
Figure 1. The Reporter view for Netflix — the 5-section report, dated, with the Executive Summary open.
The Executive Summary is written for the reader who has 2 minutes. It states the thesis in plain language, with the key figures inline.
Netflix Inc. (NFLX) … performance is primarily driven by (1) scaling advertising on top of a large global subscription base, including a stated target of roughly $3 billion of ad revenue in 2026. — From the NFLX Reporter report, dated May 4, 2026.
The Investment Overview makes the case in 2 halves, Opportunities and Risks. For Netflix the opportunities run to a scaled global subscription base, with operating margin rising from 20.6% in 2023 to 29.5% in 2025, and a new advertising line the report sizes at a stated target of about $3 billion in 2026; the risks are just as specific, from large fixed content commitments and roughly $14.4 billion of senior notes to a heavy reliance on third-party infrastructure such as AWS. The Company breaks the business down segment by segment. The Industry maps the competitive landscape against named peers, with a side-by-side risk table.
Figure 2. Industry section's comparative risk table — Netflix against named peers Roku and Paramount.
Why you can trust every line
A general-purpose AI assistant answers confidently whether or not it has the facts. Asked for a revenue figure it does not have, it will produce a plausible one rather than say nothing, and a fabricated number reads exactly like a real one. Independent research has documented that large language models routinely invent citations and figures that look authentic. In most settings that is an annoyance. In equity research it is disqualifying.
The Reporter works the other way around. Each report is built from the company's own filings (its 10-K and 10-Q) and its earnings-call transcripts, then checked against those documents before it is published. The draft is broken into individual claims; each claim is verified against the source it should rest on; and where a claim and the source disagree, the text is corrected and re-checked until the words and the evidence line up. It is auditable by construction: every sentence rests on a specific passage in a filing or a transcript, settled before the report reaches you.
You can trust the report not because software wrote it, but because every claim was checked against the original filing before you read it.
Sourced from the filings
Take that $3 billion advertising target. It does not come from the open web or a model's memory; it comes from what Netflix itself filed and said. Every report is built from primary documents — the company's 10-K, its 10-Q, and its earnings-call transcripts — and it names them in its Data Sources section. The May 4 Netflix report lists the 10-K filed January 23, 2026, the 10-Q filed April 17, 2026, and the Q1 2026 earnings call from April 16. If a figure has no source behind it, the report does not print it.
Figure 3. Investment Overview lays out the case as enumerated, specific points — the way an analyst report does.
The report also links out to the company's filings on SEC EDGAR, so the primary documents sit one step away.
Dated reports and the live data beside them
A report is a point-in-time document, and it says so. The NFLX report has 3 dated versions, the most recent dated May 4, 2026, which followed the company's April 16 earnings call. That is a feature, not a limitation. The date selector next to the ticker lists every version, so the report becomes a record you can hold to account: you can see what the read was at each date and compare a thesis against what actually happened next.
Because a report is dated, you read it alongside the live numbers in the Analyzer, which update through the day. For NFLX, as of June 8, 2026, the Analyzer showed a Fundamental grade of A, a Technical grade of B, a Health check of PASS, and a price near $83. The report gives you the verified thesis; the Analyzer gives you the current picture next to it.
The PDF button exports the whole report, with the same sections, charts, and sources, formatted for print. It is the same verified content, not a separate document generated on the way out. Use it to hand a report to a co-investor, to read offline, or to send excerpts into a thread that does not render the web view.
The Reporter reads the 10-K so you don't have to
A 10-K is the source of truth, filed by the company, and it runs to hundreds of pages. The Reporter reads it for you. It distills that filing and the latest transcripts into the analysis you would otherwise spend hours pulling out by hand, so for most decisions the report stands in for the filing itself. The full document is still linked if you want the raw footnotes; you just no longer have to start there.
Coverage is 500+ names and growing on a rolling basis, weighted toward US large-cap and growth. If a name is not covered yet, the Analyzer's Overview, Statements, Peers, and Filings tabs still load with the same depth.
Open any stock in the Analyzer and click the Reporter sub-tab to load that ticker's full 5-section report inline, right next to its grades and price.
FAQ
What does a Reporter report contain?
5 sections in a fixed order: Executive Summary (the thesis and key figures, plus the price, peer, and correlation charts), Investment Overview (the bull and bear case as Opportunities and Risks), The Company (the business by segment, with financials), The Industry (competitive landscape and named peers), and Data Sources (the full source list).
How current is the report I am reading?
Each report is dated. The NFLX report read for this guide is dated May 4, 2026, and it is one of 3 dated versions. Use the date selector next to the ticker to switch between versions, and read the report next to the live price and grades in the Analyzer, which update through the day.
Did an AI write it, and how is it checked?
The report is generated from the company's filings and transcripts, then verified against those same documents before publication: the text is decomposed into individual claims, each claim is checked against its source, and any disagreement is corrected and re-checked until the prose and the evidence agree. None of this happens while you read. You open a finished, verified document.
How is this different from a 10-K?
The 10-K is the complete, raw filing. The Reporter is the analyst's read of it: the same source material, distilled and verified into research you can use, so you do not have to read the filing yourself.
Can I trust the figures?
Every figure rests on a document the report names in its Data Sources section: a filing, a transcript, or a data feed. The Netflix report, for instance, lists the 10-K, the 10-Q, and the Q1 2026 earnings call. If a number has no source behind it, the report does not print it.
