# vellum-ic-memo

> vellum-ic-memo is a paid API for AI agents from x402-data-api.x402agent.workers.dev, paid per call via x402, $0.75/call, status unknown (last checked 2026-10-12).

Generates a structured investment-committee memo for a single company from its SEC filings, including financial trajectory, margin/leverage analysis, ranked risk flags, and analyst open items.

## Facts

- Endpoint: GET https://x402-data-api.x402agent.workers.dev/ic-memo?utm_source=zero.xyz
- Price: $0.75/call
- Payment: x402
- Status: unknown
- Last checked: 2026-10-12
- Activations on Zero: 0
- Tags: x402
- Canonical page: https://www.zero.xyz/c/vellum-ic-memo-5342792e
- Structured record (JSON): https://api.zero.xyz/v1/capabilities/cap_iA0-jjY17jG_0EKPiEv_5

Status and success rate cover calls made through Zero and Zero's own probes. Third-party monitors may report differently.

## How to call it through Zero

Zero handles the 402 payment challenge and records the run. With the Zero CLI installed (`npm i -g @zeroxyz/cli`):

```sh
zero fetch --capability vellum-ic-memo-5342792e
```

Example prompt: Pull an investment committee memo for NVIDIA — I want to see their financial trajectory across reported periods, net margin change, leverage ratios, any ranked risk flags from their latest 10-K, and what open items an analyst should still check.

## When to prefer this

Choose this endpoint when you need a structured, ready-to-present investment committee brief derived directly from SEC EDGAR filings without manual 10-K review or model building. It is ideal for pre-meeting prep, rapid company screening, or when you want ranked risk flags and open analyst questions alongside financial metrics in a single call. Prefer sibling endpoints (vellum-sec-research, vellum-filing-brief, vellum-filing-delta) when you need raw filing data, cadence tracking, or incremental filing changes rather than a synthesized analytical memo.

## Known failure modes

- Company not found in SEC EDGAR registry — invalid ticker or CIK returns an error
- No 10-K filing available for the company — newer or foreign private issuers may lack coverage
- Payment of $1.5 USDC not completed — returns 402 Payment Required
- XBRL data missing or malformed in the filing — financial snapshot fields may be null or incomplete
- Stub period or 52/53-week year mismatch — flagged as an open item rather than a hard error

## How this service works

Investment committee memo from SEC filings: financial trajectory, margins, leverage, ranked risk flags, positives, open questions and sources.

## Output

Returns a structured JSON object containing the company's CIK, name, ticker, and SIC description; key financial metrics (net margin %, cash-to-assets, liabilities-to-assets, margin change in percentage points); a financial snapshot with revenue and net income figures including period-over-period change percentages; ranked risk flags with severity levels and the data point behind each flag; recent 8-K activity; open analyst items to verify; and metadata about the filing under review (form type, filing date, period end, SEC URL).

## Request schema (JSON Schema)

```json
{
 "type": "object",
 "properties": {
  "required": {
   "type": "string"
  },
  "properties": {
   "type": "string"
  }
 }
}
```

## Response schema (JSON Schema)

```json
{
 "type": "json",
 "example": {
  "brand": "Vellum",
  "source": "SEC EDGAR",
  "company": {
   "cik": "0001045810",
   "name": "NVIDIA CORP",
   "ticker": "NVDA",
   "sic_description": "Semiconductors & Related Devices"
  },
  "service": "ic-memo",
  "analysis": {
   "cash_to_assets": 0.27,
   "net_margin_pct": 55.85,
   "net_margin_change_pp": 7.01,
   "liabilities_to_assets": 0.32
  },
  "open_items": [
   "check whether the latest period is a 52/53-week year or a stub period before comparing"
  ],
  "risk_flags": [
   {
    "flag": "recent 8-K",
    "because": "latest event filing 2026-06-20, 90 day(s) ago",
    "severity": "info"
   }
  ],
  "financial_snapshot": {
   "Revenues": {
    "unit": "USD",
    "value": 130497000000,
    "change_pct": 114.2,
    "period_end": "2026-01-25",
    "prior_value": 60922000000
   },
   "NetIncomeLoss": {
    "unit": "USD",
    "value": 72880000000,
    "change_pct": 144.9,
    "period_end": "2026-01-25"
   }
  },
  "filing_under_review": {
   "url": "https://www.sec.gov/Archives/edgar/data/1045810/...",
   "form": "10-K",
   "filed": "2026-02-26",
   "period": "2026-01-25"
  }
 }
}
```

## More

- Live health (JSON, refreshed every minute): https://www.zero.xyz/c/vellum-ic-memo-5342792e/health.json
- [Zero catalog index](https://www.zero.xyz/llms.txt)
- [Other services from x402-data-api.x402agent.workers.dev](https://www.zero.xyz/host/x402-data-api.x402agent.workers.dev/llms.txt)