Standardized vs. As-Reported Data Tags

When working with company financial statements, you'll encounter two different types of financial data in Intrinio:

• As-Reported Data Tags – The original values reported by a company in its SEC filing.
• Standardized Data Tags – Intrinio-normalized values that map company-specific disclosures into a consistent set of financial metrics.

Understanding the difference will help you choose the right dataset for your application.

As-Reported Data Tags

As-reported data is extracted directly from a company's SEC XBRL filing. These values preserve the company's original reporting structure and terminology.

For example, one company might report:

• Revenue
• Net Sales
• Sales Revenue Net

Although these may represent the same business concept, each company can use its own XBRL taxonomy and extensions.

Advantages

• Exactly matches the company's SEC filing
• Includes every reported fact and company-specific disclosure
• Best for regulatory, audit, and filing reconstruction workflows

Considerations

• Tag names vary between companies
• Comparing companies requires mapping similar concepts together
• Company-specific extensions can make analysis more complex

Standardized Data Tags

Standardized data maps company-reported financial facts into a common set of predefined financial concepts.

Instead of dealing with hundreds of variations of revenue-related tags, you can simply request a standardized tag such as:

• revenue
• netincome
• assets
• liabilities

Intrinio performs the normalization so that equivalent financial concepts are represented consistently across companies.

Advantages

• Consistent tag names across companies
• Easier cross-company comparisons
• Ideal for screening, quantitative research, dashboards, and analytics
• Eliminates the need to interpret company-specific XBRL extensions

Considerations

• Not every company-specific disclosure has a standardized equivalent
• Some highly specialized or custom disclosures are only available in the as-reported dataset

Example

Imagine two companies report revenue using different XBRL tags:

Using standardized financials, both values become:

This allows both companies to be analyzed using the same API request.

Which Should You Use?

Use Standardized Data Tags if you are:

• Building financial models
• Screening companies
• Comparing companies
• Creating dashboards
• Performing quantitative analysis
• Working with ratios and financial metrics

This is the most common choice for analytics applications.

Use As-Reported Data Tags if you are:

• Reconstructing SEC filings
• Auditing reported values
• Working with company-specific disclosures
• Performing XBRL research
• Needing every reported financial fact exactly as filed

API Endpoints

Intrinio provides separate endpoints for standardized and as-reported financial data:

Standardized Financials

Use the Get Fundamental Standardized Financials endpoint to retrieve normalized financial statements.

As-Reported Financials

Use the Get Fundamental Reported Financials endpoint to retrieve the original XBRL facts exactly as filed with the SEC.

Data Coverage

Intrinio's financial fundamentals include both:

• As-reported financial data
• Standardized financial data
• Quarterly and annual financial statements
• Income Statements, Balance Sheets, and Cash Flow Statements
• Company reference data, financial metrics, ratios, institutional holdings, and insider transactions sourced from SEC filings.

Summary

For most applications, standardized financial data provides the simplest and most consistent experience for financial analysis. When you need to see exactly what a company filed with the SEC—including company-specific XBRL tags and disclosures—as-reported financial data is the appropriate choice.