Graded practice for finance students · accounts open
Prove you can do the work.
Build a DCF, a comps set, or a three-statement model on a company’s latest 10-K. The assumptions are given to you. The arithmetic is what gets graded, line by line, against the filing. No account needed for your first model.
For students going into banking, research, or corporate finance who want a work record an interviewer can check.
Free for verified students. Educational use only; not investment advice.
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Live markets and filings
Live charts on every US stock and ETF, and every SEC filing as it lands. Open a company and its chart, statements and filings share one screen, the way a desk terminal lays them out.
Prices are delayed per exchange rules and supplied by TradingView. Filings come straight from SEC EDGAR, refreshed every minute.
Markets
ETF proxies · delayedPrices by TradingView, not computed by EchelonDELAYED per exchange rulesIndex levels shown via ETF proxiesCharting by TradingView
New filings · live
SEC EDGARLoading the filings tape…
Grade a DCF on a live filingCreate a free account to open the terminalEducational use only, not investment advice
Now teaching — the live curriculum
Every lesson runs on the company's own filed figures, cited to the filing.
The lesson deck
- Apple's gross margin
- Price, cost, volume, mix: what Apple's filing can explain
- Berkshire's five-year trend, and the restated year
- Build the set: a comp is a company, not a ticker
- Earnings yield, step 1: Apple's diluted EPS
- Thesis structure: the shape every pitch is built on
- Microsoft's operating margin
- Coca-Cola's DuPont decomposition: three ratios, one return
- Spotting a deal filing: the 8-K items, not the form name
34 lessons across 6 units, plus practice on 35 companies. Each one is built on that company's own filed figures and cited to the filing. Every card on the deck is a door — open one and start. Educational use only — not investment advice.
By the numbers
$32,000
The professional terminals cost about $32,000 a year. For verified students, Echelon's core learning loop is free.
Based on ~$31,980/yr published professional-terminal pricing (2025).
Hundreds
of professional-terminal functions, mapped into a structured learning curriculum.
Coverage published lesson-by-lesson as it ships.
Skills you'll drill
DCF10-KCompsWACCFCFEV / EBITDANPVIRRSensitivityBetaMarginsMultiplesFilingsValuation
The loop
One loop. Repeat it until you can do the work unaided.
Not videos you watch. Real work you do — graded the way a senior analyst would.
01
Pick a company
Load real financials, filings and price history into the terminal.
02
The mentor teaches
It explains the screen, defines the terms, and asks you a question.
03
You do the work
Build the model, read the 10-K, answer, draft the pitch.
04
Graded, then level up
Instant rubric feedback, XP and streaks. Then advance.
Widgets in motion
The desk, at a glance.
Real widgets from the real terminal — live filings, filed figures, the lessons that grade you.
Refreshed daily · figures as filed · checked 2026-11-01
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Why it's different
ChatGPT does it for you. Echelon makes you do it.
Generic chatbot / free terminal
- Gives you a finished answer; you learn little
- Invents numbers you can't trust
- No structure, no grading, no proof
Echelon
- Makes you build it, on real cited data
- Grades you against an analyst rubric
- Guided path to a portfolio and a verifiable work record
Plans at launch
Free to learn. Pay when you go pro.
Start now
Grade your first model in two minutes.
No account needed to grade. Sign up to save your work and track what you have proven.
Educational use only — not investment advice. Figures come from public SEC filings; Echelon teaches you to analyze data, it never recommends buying or selling any security.