Pricing
Baseline vs Premium — pay as you go
Baseline features ($0.005–$0.02/call) power everyday risk checks and time series. Premium capabilities unlock Lstar dispatch, L3 decomposition, portfolio-level risk indexing, PDF snapshots, and batch analytics. A 500-name, one-year cross-section remains a small validation spend.
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 that need a named contact, SLA, or version pinning take Desk, Firm, or Production (below). Keys billed before 14 August 2026 keep prior rates through 31 December 2026.
At a glance
Compare tiers
| Baseline | Premium | |
|---|---|---|
| Typical price band | $0.005–$0.02 per successful call; ticker-returns $0.02 + $0.01 per extra year | From $0.02/call; batch $0.015/position (min $0.03); PDF snapshot $1.25 |
| What you get | Metrics (L1/L2/L3 snapshot), rankings, search, macro factors, correlations, returns (L3 HR/ER history), CLI | Lstar dispatch, 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 $0.03). 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 ($0.005–$0.02/call) power everyday risk checks and time series. Premium capabilities unlock Lstar dispatch, L3 decomposition, portfolio-level risk indexing, PDF snapshots, and batch analytics — billed per request or per position.
Slide request volumes by tier. Averages ($0.01 baseline, $0.04 premium) approximate a typical mix — use the tables below for exact per-endpoint prices.
Estimated monthly cost
$70.00
- Baseline (5,000 × avg)$50.00
- Premium (500 × avg)$20.00
(5,000 baseline × $0.01 avg) + (500 premium × $0.04 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 | $0.005 | 4,000 |
| Macro factors / correlations | $0.005–$0.01 | 2,000–4,000 |
| CLI query | $0.015 | 1,333 |
| Ticker returns (daily L3 HR/ER; $0.02 for 1y + $0.01/extra year, up to 15y) | $0.02+ | 1,000 (1y) |
Premium — Analytics & Deliverables
| Endpoint | Cost per call | Calls per $20 |
|---|---|---|
| Lstar recommended hedge level | $0.02 + $0.01/extra year | 1,000 (1y) |
| Batch Lstar (25% off single Lstar) | $0.015/pos | varies |
| L3 risk decomposition | $0.04 | 500 |
| Plaid holdings sync | $0.10 | 200 |
| Portfolio Risk Index | $0.15 | 133 |
| Batch portfolio analysis | $0.015/pos | varies |
| AI risk analyst (chat) | ~$0.015/turn | ~1,300 |
| PDF risk snapshot | $1.25 | 16 |
All prices are per successful API call. Cached responses are free. Batch endpoints charge per position with a $0.03 minimum. Ticker-returns, Lstar, and other history endpoints add $0.01 (or the listed extra-year rate) for each year above one.
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)
Institutional licenses
Desk, Firm, and Production
Annual licenses for teams that need a named contact, onboarding, and version-stability guarantees. Pay-as-you-go remains the research funnel; these tiers are the procurement path for a risk-model budget line.
Desk
$50,000 / year
One team, one strategy, standard universe
- Standard universe (uni_mc_3000), one team, one strategy
- Named support contact and onboarding for the desk workflow
- Higher API limits than pay-as-you-go
- Model interpretation during onboarding (analytics, not advice)
- Version-stability notice for scheduled deprecations
Firm
$150,000 / year
Unlimited internal use, full universe
- Unlimited internal use across the firm
- Full published universe
- Named support and onboarding for production research systems
- SLA on availability of the public API
- Deprecation policy with a stated notice window
Production
$250,000 / year
Systematic dependency, SLA, version pinning
- Systematic dependency: version pinning of model vintages
- Contracted SLA and incident contact
- Deprecation policy with a minimum notice window
- Onboarding for production pipelines and entitlement review
- Everything in Firm
Each license includes SLA terms, a named support contact, onboarding, and a deprecation policy. Those are what the annual fee buys. Custom manager scorecards and private-data onboarding are scoped separately.
Institutional / Allocator Solutions
Apply RiskModels to manager research
For pensions, endowments, consultants, OCIOs, asset owners, and institutional research teams evaluating active equity managers. Allocator work is scoped on top of a Desk, Firm, or Production license.
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 |
|---|---|
| Desk | $50,000 / year — one team, one strategy, standard universe |
| Firm | $150,000 / year — unlimited internal use, full universe, named support |
| Production | $250,000 / year — SLA, version pinning, deprecation policy |
| Public-data proof-of-concept | Scoped project, typically $25,000, credited toward a Desk or Firm license |
Institutional pricing is the Desk / Firm / Production schedule above. Scoped allocator work (manager skill reviews, custom cohorts) is quoted against that schedule.
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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