Pricing
Baseline vs Premium — pay as you go
Baseline features ($0.001–$0.005/call) power everyday risk checks and time series. Premium capabilities unlock deeper L3 decomposition, portfolio-level risk indexing, PDF snapshots, and batch analytics — perfect for agents and power users.
Built for agentic workflows — the Python SDK handles ticker resolution, semantic field normalization, and portfolio aggregation client-side. Responses include latency headers like X-Agent-Decision-Latency-Ms.
Start free with $20 in credits — then pay per successful call by tier. No subscription, no seat fees on self-serve API access. Teams and allocators can also choose a flat-rate Research Desk plan or an institutional engagement (below).
At a glance
Compare tiers
| Baseline | Premium | |
|---|---|---|
| Typical price band | $0.001–$0.005 per successful call | From ~$0.02/call; batch per position (min $0.01); PDF snapshot $0.25 |
| What you get | Metrics (L1/L2/L3 snapshot), rankings, search, macro factors, correlations, returns (L3 HR/ER history), CLI | L3 decomposition, Portfolio Risk Index, Plaid sync, batch analytics, chat agent, PDF reports |
| Best for | Dashboards, monitoring, light automation, time-series workflows | Agents, quant stacks, portfolio deliverables, heavier analytics |
One account covers both — you are charged per call based on the endpoint's tier.
Pay-as-you-go · same key, tiered pricing
Credits never expire
Included with every account
- Full access to all ~3,000 US equities
- 41-factor ERM3 (Equity Risk Model v3) risk decompositions
- Hedge ratios at L1 / L2 / L3
- Historical data back to 2006
- REST API + CLI access
- TypeScript, Python, cURL examples
- OpenAPI 3.0 spec
- OAuth2 / AI-agent provisioning
- Optional auto-refill (off by default)
- Monthly spend cap controls
Baseline vs Premium
Per-endpoint prices
Calls are either Baseline or Premium — flat per successful request (batch: per position, minimum $0.01). No token math on data endpoints. Use the estimator for a monthly rough cut, then use the tables for exact rates. Advanced users: install riskmodels-py[xarray] for multi-dimensional factor cube workflows (see Methodology).
Baseline vs Premium
Model your monthly spend
Baseline features ($0.001–$0.005/call) power everyday risk checks and time series. Premium capabilities unlock deeper L3 decomposition, portfolio-level risk indexing, PDF snapshots, and batch analytics — perfect for agents and power users.
Slide request volumes by tier. Averages ($0.00 baseline, $0.03 premium) approximate a typical mix — use the tables below for exact per-endpoint prices.
Estimated monthly cost
$22.50
- Baseline (5,000 × avg)$10.00
- Premium (500 × avg)$12.50
(5,000 baseline × $0.00 avg) + (500 premium × $0.03 avg). Your first $20 in credits are free after card setup.
Baseline — Data Access
| Endpoint | Cost per call | Calls per $20 |
|---|---|---|
| Risk metrics / rankings / search | $0.001 | 20,000 |
| Macro factors / correlations | $0.002 | 10,000 |
| CLI query | $0.003 | 6,667 |
| Ticker returns (daily; L3 HR/ER in series, up to 15y) | $0.005 | 4,000 |
Premium — Analytics & Deliverables
| Endpoint | Cost per call | Calls per $20 |
|---|---|---|
| L3 risk decomposition | $0.02 | 1,000 |
| Plaid holdings sync | $0.02 | 1,000 |
| Portfolio Risk Index | $0.03 | 667 |
| Batch portfolio analysis | $0.005/pos | varies |
| AI risk analyst (chat) | ~$0.003/turn | ~6,600 |
| PDF risk snapshot | $0.25 | 80 |
All prices are per successful API call. Cached responses are free. Batch endpoints charge per position with a $0.01 minimum.
Auto-refill
Credits & refills
Auto-refill stays off until you turn it on. When enabled, your card is charged for the pack you select whenever your balance drops below your threshold (default $5).
Starter gift
$20 in free credits
Add a card to activate your key — we credit $20 instantly. No upfront charge. This is not a refill pack; it's our welcome balance so you can ship an agentic integration before you spend.
Credit packs (paid refills)
$20
Small · Individual
Adds $20 to your API balance — great for experiments and light scripts.
$50
Growth · Standard
Adds $50 to your API balance — default suggested tier when you enable auto-refill.
$100
Business · Production
Adds $100 to your API balance — fewer interruptions for high-volume workloads.
Manage auto-refill, tier, and threshold with GET / PATCH /api/user/billing-config (authenticated).
High volume
$100+ / month API spend?
If you're consistently in that range, mail service@riskmodels.app— we can raise rate limits, sharpen pricing for steady usage, and help you wire things up. We'll reply and keep it simple.
- Higher rate limits (100+ req/min) when you need them
- Volume pricing if you're consistently heavy
- Straightforward support—real replies, not a ticket black hole
- Help integrating (batch flows, auth, whatever you're stuck on)
Research Desk
Research Desk
From $1,500/ monthFor teams needing higher limits, priority support, expanded coverage, and workflow support — a flat-rate alternative to managing pay-as-you-go balances at scale.
- Higher API limits than standard pay-as-you-go
- Priority support for production workflows
- Onboarding help for portfolio, fund, or 13F workflows
- Access to expanded fund / manager analytics where available
- Limited model interpretation and implementation support
Research Desk does not include custom manager scorecards, private-data onboarding, bespoke research projects, or investment recommendations. Those are scoped separately under Institutional / Allocator Solutions below.
Institutional / Allocator Solutions
Apply RiskModels to manager research
For pensions, endowments, consultants, OCIOs, asset owners, and institutional research teams evaluating active equity managers. Institutional engagements are scoped separately from self-serve API access.
Institutional work may include
- Public-data proof-of-concepts
- Holdings-based manager skill decomposition
- Style, sector, subsector, and residual return attribution
- Custom manager cohorts
- Internal vs. external manager comparisons
- Recurring monitoring dashboards
- API access for internal research systems
- Model interpretation and implementation support
RiskModels provides analytics and research tooling, not investment advice or manager recommendations.
Typical institutional paths
| Engagement | Typical structure |
|---|---|
| Public-data proof-of-concept | Starting at $15k–$25k |
| Historical manager skill review | Custom project, typically starting at $50k |
| Institutional license | Annual subscription, typically starting at $75k / year |
| Ongoing model interpretation & implementation support | Included or scoped separately |
Institutional pricing depends on universe size, data availability, update frequency, support needs, and whether custom research deliverables are required.
Rate limits
Requests per minute
Limits are per API key and reset every minute.
| Tier | Rate limit | Best for |
|---|---|---|
| Standard | 30 req / min | Research, development, most apps |
| Enterprise | 100+ req / min | High-frequency, production systems |
FAQ
Common questions
Baseline vs Premium, credits, billing, and security — start with the first item for the tier overview.
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