Note: this site and the author does NOT have any financial relationship with any of the service providers being reviewed.
THREE POINT OVERVIEW:
1.) Quartr, roic.ai, and edmundSEC are services that offer free earnings/conference call transcripts, as well as varying levels of AI functionality for transcript analysis.
2.) Quartr probably has the best mobile app functionality for transcript analysis out of any service I’ve tried (paid or free), and is the only free service I know of that offers built-in multi-transcript analysis capabilities. It works very well for idea idea generation and industry theme tracking.
3.) roic.ai offers a nice desktop layout for reading quarterly earnings transcripts in succession and edmundSEC features some neat AI transcript summarization and citation features.
INTRODUCTION:
The idea for this post originated after I found out that several former buysiders were still googling and/or using paid services like SeekingAlpha to access transcripts.
This post will probably be most relevant for those without access to institutional research platforms. Though I should mention, even though I have access to Bloomberg I still use these resources, especially when I am off the desk.
I also think that Quartr levels the playing field for retail investors with regards to multi-company transcript analysis (mirroring some of the functionality of expensive institutional platforms like AlphaSense) - so I thought it would be worthwhile to bring this to light here.
I’ll go through each of these platforms and show you screenshots of the transcript functionality for each. Hopefully this help someone save some time and money.
DETAILED REVIEWS:
1.) Quartr:
Free functionality here is limited to the mobile app with desktop access requiring a paid subscription. But, the mobile app is great.
The Quartr app lets you listen to conference calls, scroll the transcript, and view/scroll through any related presentations and earnings release PDFs all within one screen, simply by switching tabs (Figure 1 shows NVIDIA transcript and presentation from JP Morgan Healthcare Conference on Jan 12, 2026).
Figure 1: Listen to conference calls and examine the transcript and related presentation/earnings release PDFs all on one screen. Switching tabs between documents is very easy.
But the true free gem is multi-transcript analysis, which I think Quartr does not hype up enough.
You can run this by clicking the chat icon at the bottom of the screen, and typing in a prompt asking Quartr to search earnings transcripts across an industry or group of companies.
I asked Quartr to search multi-family REIT transcripts in the latest quarter (Q3 2025) for any management commentary around private market cap rates (Figure 2). I wanted to gather this data and compare it to a sellside REIT comps sheet to see if implied cap rates in the public market offer up any potential opportunities.
Figure 2: Prompt I used to analyze management commentary on private market cap rates across the multi-family REIT space.
Within seconds Quartr came back with Q3 2025 commentary from management teams across the multi-family REIT space. As shown below, management commentary across EQR, CPT, AVB, ESS, and MAA points to high quality assets trading at 4.5-5.0% cap rates in the private market (Figure 3).
Figure 3: Quartr’s summary of management commentary on private market cap rates in the multi-family space on Q3 2025 earnings calls.
Each of the comments cited in the AI-generated response is traceable to the underlying transcript within Quartr (Figure 4). Each quote was correctly cited by Quartr.
Figure 4: Citation features within the AI-generated summary work very well within Quartr.
So is there an opportunity here? According to the below RBC REIT comps sheet (as of Jan 12, 2026), these multi-family REITs trade at 6-7% implied cap rates (Figure 5), so it seems like there is a decently wide valuation gap between public and private markets where higher quality assets trade at 4.5-5.0% cap rates. Obviously this is very high-level, but at the very least, this certainly warrants some more work.
Figure 5: Comparing the commentary retrieved by Quartr with implied cap rates included in an RBC comps sheet (as of Jan 12, 2026) suggests that there might be some opportunity here.
Of course, this is a simple workflow that analysts could always do manually. But I was able to gather this information within minutes. This makes it easy to run this workflow on a regular basis and do the same for other industries and REIT categories (ie. industrial, retail, senior living, office, etc.). Pretty cool that you can do this with a free tool.
2.) roic.ai: