AI-powered market intelligence platform that searches SEC filings, earnings call transcripts, broker research, news, and expert call interviews from one search bar. Used by investment firms, consultancies, and corporate strategy teams.
AlphaSense is a search engine for market research. Instead of hunting through SEC filings on EDGAR, earnings transcripts on one site, broker research through your bank, and news everywhere else, you type a query once and AlphaSense searches all of it — tens of millions of documents — with AI that understands synonyms and context, so a search for chip shortages also surfaces documents that say semiconductor supply constraints.
The company has grown into one of the bigger names in financial data. It acquired rival Tegus for $930 million in 2024, which folded a library of expert call interviews — now more than 200,000 transcripts of former employees, customers, and competitors discussing specific companies — into the platform. As of mid-2026 AlphaSense reports over $400 million in annual recurring revenue and a $7.5 billion valuation.
The core workflow is search, monitor, and summarize. An analyst covering a company can pull every mention of it across filings, transcripts, research, and news, filtered by date, source, or document type. Saved searches turn into alerts, so when a competitor mentions pricing pressure on an earnings call, you hear about it that day rather than finding it a quarter later.
The generative AI layer has become the main selling point. Smart Summaries condense earnings calls into key points, and the Deep Research feature works through hard questions across many documents and returns a cited answer — every claim links back to the underlying source, which is the difference between this and pasting questions into a general-purpose chatbot.
Hedge funds, asset managers, and investment banks are the core market, but corporate strategy and competitive intelligence teams use it heavily too — tracking rivals' announcements, monitoring an industry theme, or preparing for board meetings. Consultants lean on the expert call library to get up to speed on unfamiliar industries fast.
AlphaSense doesn't publish prices. It's an enterprise subscription negotiated per seat and per content package, and third-party reports put typical contracts well into five figures per year. There's a free trial, but no self-serve individual tier — this is a tool companies buy, not one you expense casually.
We think AlphaSense earns its reputation. The time savings are real and easy to feel on day one: research that meant tab-hopping across six sources becomes one query, and the citation-first approach to generative AI is exactly right for a domain where a made-up number can cost someone real money. The Tegus expert calls add a kind of qualitative texture you can't get from filings alone.
The obvious catch is price — small firms and individual investors are effectively priced out, and the good stuff (broker research, expert calls) sits in add-on content packages that push contracts higher. Search quality also still rewards skilled users; vague queries return a flood of marginally relevant documents, so teams get much more out of it after proper onboarding than casual users ever will.
