> ## Documentation Index
> Fetch the complete documentation index at: https://docs.secapi.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# 10-K Section Extraction API — Parse Item 1, 1A, 7, 7A, 8 Programmatically

> Extract individual sections from SEC 10-K filings via API. Get Item 1 (Business), 1A (Risk Factors), 7 (MD&A), 7A (Market Risk), and 8 (Financial Statements) as clean text. Get started free at secapi.ai/signup.

Annual reports (10-K filings) contain critical business information buried in lengthy HTML documents. SEC API extracts and indexes individual sections so you can pull exactly the content you need — Item 1 (Business Description), Item 1A (Risk Factors), Item 7 (MD\&A), Item 7A (Market Risk Disclosures), and Item 8 (Financial Statements) — as clean, structured text.

## Capabilities

<CardGroup cols={2}>
  <Card title="Section-level extraction" icon="scissors">
    Request any standard 10-K section by item number. No HTML parsing or regex required.
  </Card>

  <Card title="Clean text output" icon="file-lines">
    Tables preserved as structured data. Boilerplate headers and footers stripped. Ready for NLP pipelines.
  </Card>

  <Card title="Historical coverage" icon="clock-rotate-left">
    Sections extracted from 10-K filings going back to 2000 for all SEC filers.
  </Card>

  <Card title="Batch retrieval" icon="layer-group">
    Pull multiple sections from multiple filings in a single request with batch endpoints.
  </Card>
</CardGroup>

## Quick start

Extract the Risk Factors section (Item 1A) from Apple's latest 10-K:

```bash theme={null}
curl -H "x-api-key: $SECAPI_API_KEY" \
  "https://api.secapi.ai/v1/filings/sections?ticker=AAPL&form=10-K&section=1A&limit=1"
```

```json theme={null}
{
  "accession_number": "0000320193-24-000081",
  "section": "1A",
  "section_title": "Risk Factors",
  "content": "The Company's business, reputation, results of operations...",
  "word_count": 12450,
  "filed_at": "2024-11-01"
}
```

Extract MD\&A (Item 7) for year-over-year comparison:

```bash theme={null}
curl -H "x-api-key: $SECAPI_API_KEY" \
  "https://api.secapi.ai/v1/filings/sections?ticker=MSFT&form=10-K&section=7&limit=2"
```

## Use cases

### Risk factor analysis

Track how risk disclosures change year over year. Feed Item 1A into an LLM to detect new risks, removed risks, and language changes that signal shifting concerns.

### Competitive intelligence

Compare Item 1 (Business) across competitors to understand strategic positioning, product focus, and market segment targeting.

### MD\&A trend extraction

Item 7 contains management's own analysis of financial performance. Extract key metrics, forward-looking statements, and segment breakdowns programmatically.

### Audit and compliance

Pull Item 8 (Financial Statements and Supplementary Data) for automated validation against XBRL-reported figures.

## Supported sections

| Item | Section name              | Description                         |
| ---- | ------------------------- | ----------------------------------- |
| 1    | Business                  | Company overview, products, markets |
| 1A   | Risk Factors              | Material risks to the business      |
| 1B   | Unresolved Staff Comments | SEC comment letters                 |
| 2    | Properties                | Physical assets and facilities      |
| 3    | Legal Proceedings         | Pending litigation                  |
| 4    | Mine Safety Disclosures   | Mining safety data                  |
| 5    | Market for Common Equity  | Stock and dividend info             |
| 6    | Selected Financial Data   | Multi-year financial summary        |
| 7    | MD\&A                     | Management Discussion and Analysis  |
| 7A   | Market Risk Disclosures   | Quantitative risk data              |
| 8    | Financial Statements      | Audited financials                  |

## Why SEC API for 10-K extraction

| Feature                  | SEC API       | Raw EDGAR     | sec-api.io | Calcbench |
| ------------------------ | ------------- | ------------- | ---------- | --------- |
| Section-level extraction | Yes           | No (full doc) | Partial    | Yes       |
| Clean text (no HTML)     | Yes           | No            | Partial    | Yes       |
| Historical coverage      | 2000+         | 1993+         | 2012+      | 2010+     |
| Batch section retrieval  | Yes           | No            | No         | No        |
| REST API                 | Yes           | No            | Yes        | Yes       |
| Pricing                  | Pay-as-you-go | Free (raw)    | \$Varies   | \$500+/mo |

## Get started

<Card title="Get your API key" icon="key" href="/getting-started">
  Start extracting 10-K sections in under 60 seconds. 150 free API calls (one-time).
</Card>

* [SEC EDGAR API](/seo/sec-edgar-api)
* [Full-Text Search API](/seo/sec-full-text-search-api)
* [API Reference](/api-reference)