Pragmatic takes any CIM, 10-K, or data room and outputs a complete, IB-standard financial model — so your analysts close deals instead of building spreadsheets.
The model is never the insight. It is the cost of getting to the insight.
How it works
Not a research tool. Not a modeling assistant. Pragmatic does the full workflow — document in, finished model out.
Drop in any CIM, 10-K, data room, or management presentation. Pragmatic parses layout structure, extracts financial tables, normalizes non-standard line item labels, and resolves cross-document references automatically.
Pragmatic constructs a formula dependency graph across all three statements, resolves circular references algebraically, and writes a fully formula-linked Excel file — DCF, LBO, and sensitivity tables included, every cell traced to source.
Open the Excel file. Every cell carries a live formula and a source citation linked to the original document page and line. Adjust an assumption — the model cascades. Your team reviews instead of builds.
Architecture
What takes a junior analyst three days takes Pragmatic ten minutes. A two-person team covers the deal flow of ten.
All arithmetic runs through a symbolic computation engine written in Rust — not a language model. Circular references are resolved algebraically. The model is verified to balance before any cell is written.
Income statement, balance sheet, cash flow statement, debt schedules, working capital roll, DCF, LBO, and sensitivity tables — all formula-linked. Not a starting point. A finished model.
Every number hyperlinked to its source document. Every assumption documented. Models that are defensible at IC from day one.
Use cases
M&A and capital markets advisors running five to fifteen live mandates. A two-person team does the modeling work that used to require a full analyst pool.
Buy-side teams spreading financials from CIMs under deadline. Full LBO models from any data room in minutes, not days.
Underwriting teams that need fast, accurate financial spreading. DSCR, leverage, and coverage ratios computed correctly every time.
Fundamental analysts building company models for long/short research. Complete three-statement models from any filing or transcript, in minutes.
Specifications