Select a plan that fits your research

Choose Standard to build custom searches with advanced tools and export time-series data; choose Research if you also need firm-panel exports for most of your custom searches.

Free

Best for exploring the platform and running a few searches.

$0

Free forever

Instant access. No credit card required.

Free includes:

Build your custom searches

Create custom searches: 10 to start, then 3/month

Time-series data export

From Curated Measures: Limited (paper-linked subset)

Firm panel data export

From Curated Measures: Limited (paper-linked subset)

From custom searches: Unlock $500 / search

Most popular

Standard

Best for creating custom searches with regular time-series and occasional firm panel exports.

$50

Free 14-day trial

Billed monthly

Credit card required. No charge today. Cancel before day 14 to avoid charges.

Standard includes:

Build your custom searches

Create custom searches: Up to 25 / month (15 during trial)

Advanced search tools (Keyword, Merge, Snippet)

Time-series data export

From Curated Measures: Full library

From custom searches: Included

Firm panel data export

From Curated Measures: Limited (paper-linked subset)

From custom searches: Unlock $500 / search

Research

Best for high-volume firm panel exports from many custom searches.

$2,000

Billed quarterly

Research includes:

Build your custom searches

Create custom searches: Up to 100 / month

Advanced search tools (Keyword, Merge, Snippet)

Time-series data export

From Curated Measures: Full library

From custom searches: Included

Firm panel data export

From Curated Measures: Full library

From custom searches: Included for every search you create

Text data export

Matched text samples: On request

Enterprise

Enterprise unlocks every feature with priority support and procurement-friendly terms.

Custom pricing

Billed annually

Custom terms, volume, and multi-year discounts.

Everything in Research, plus

Higher limits: custom search and export limits to fit your workflow

Team collaboration: shared searches

Procurement: invoicing, vendor forms, custom terms, multi-year/volume discounts

Support and training: dedicated onboarding, training, and priority support

Frequently asked questions

Coverage and data

What transcripts and companies are covered?

We cover 400k+ earnings-call transcripts from about 14,000 publicly listed firms across 80+ countries, dating from 2002 to today. Coverage exceeds 80% of market cap in advanced economies (90%+ in many countries), and transcripts are in English.

See coverage details.

Where does your data come from?

We currently source earnings call transcripts from LSEG. We're also working on adding SEC filings (10-Q and 10-K) and will announce availability once launched.

Searches and tools

What is a "custom search"?

A custom search is a user-defined query and filters applied to earnings call transcripts. It supports Boolean operators and wildcards (e.g., inflation AND (price* OR cost*)) and filters across companies (e.g. Energy companies), within transcript sections and speakers (e.g., CEO Q&A), and time windows (e.g., 2020-2025).

What measures are included in a custom search?

Each custom search includes three metrics defined at the earnings call level:

  • Exposure: The total number of sentences that contain the query keywords.
  • Risk: The number of sentences that contain both the query keywords and terms related to risk or uncertainty.
  • Sentiment: The net tone of the discussion, calculated by subtracting the number of sentences containing keywords and negative terms from the number of sentences containing keywords and positive terms.

For more details, please consult the documentation.

What are "Curated Measures"?

Curated Measures are pre-built measures maintained by NL Analytics and often based on published academic papers. They are ready to use out of the box and are designed to get a quick and rigorous overview of a topic. Go to Curated Measures.

What are the Keyword, Merge, and Snippet tools?

The Keyword Tool helps you build a focused keyword list by suggesting semantically similar terms from earnings calls and letting you review relevance. The Merge Tool combines two searches at the sentence level using AND/OR/AND NOT to refine, expand, or exclude results. The Snippet Tool shows the matched sentences from a custom search and lets you filter sentences by sector, country, company, or call to read and validate context.

Entitlements and limits

How does the Free plan search limit work?

Free includes 10 searches when you sign up, then 3 new searches per month.

What happens if I reach my search limit?

Access to view and export previously unlocked searches remains active. However, creating new searches is paused until your monthly refill or you upgrade your plan.

What is the difference between "time-series export" and "firm panel export"?

Time-series exports give you results aggregated over time (e.g., quarterly values). This provides the total or average Exposure, Risk, and Sentiment across all companies in your search filter, which is useful for tracking macro-level trends.

Firm panel exports give you the firm-level panel dataset suitable for econometric analysis. This includes the specific Exposure, Risk, and Sentiment scores for each individual earnings call (linked to the specific company and date), allowing for granular cross-sectional or regression analysis.

Which plans include time-series exports?
  • Free: time-series export is available for a limited subset of Curated Measures.
  • Standard & Research: time-series export is available for the full Curated Measures library, plus from your own measures.
Why does firm panel export from Curated Measures say "paper-linked subset"?

Firm panel export is currently available for a small paper-linked subset of Curated Measures (e.g., measures tied to published academic work). Exports are for non-commercial use only. This set may evolve as new Curated Measures are added. For all other Curated Measures, you need to either use an export credit or be on a plan that includes firm panel exports (e.g. the Research plan).

What does "Unlock $500 / search" mean for firm panel exports?

It is a one-time unlock to download firm panel data for a specific custom search (i.e. a specific query + filters).

After you unlock it, you can re-export anytime. If you change the search, a new unlock is required.

What does Research add compared to Standard?

Research includes firm panel exports for every search you create (no per-search unlock fees) and all Curated Measures. In addition, it comes with higher monthly search limits. If you need panel exports from many searches, Research is usually the best fit.

Billing

Do I need a credit card for the Standard 14-day trial?

Yes - a credit card is required to start the trial (via Stripe). You will not be charged today. If you cancel before the trial ends, you will not be charged.

Can I upgrade, downgrade, or cancel later?

Yes. You can manage your subscription at any time via your account settings. Upgrades take effect immediately with pro-rated charges. Downgrades and cancellations become effective at the end of your current billing period.

Do you offer student pricing?

Yes. Students with a Free account can request discounted pricing via the Student Academic Verification form. This link is also available on the Pricing page under the Research card once you are logged in.