Speaking as a former M&A financial advisor and valuation nerd, historical financial data is very close to worthless for any valuation work, except perhaps for vaguely connecting the dots to your proprietary, <i>forward looking</i> financial model which is based on a deep understanding of a particular company and industry.<p>This reads to me like garbage in, garbage out... just like 99.9999% of current resources on financial data.<p>There's definitely an opportunity to disrupt this backwards "financial data" industry, but it's not going to be done by slapping LLMs and RAGs onto stale data in 10-Qs and 10-Ks.