Cirrus Research
Cirrus Research is an independent, privately held investment strategy research firm founded in 2007 that provides proprietary quantitative research, bespoke consulting, and the Cirrus Analytics digital platform to institutional money managers focused on Mid, Small, and Micro Cap equities globally.
- Company typePrivate
- Founded2007
- HeadquartersTarrytown, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Cirrus Research does
Cirrus Research, LLC is an independent, privately held investment strategy research firm founded in 2007 by Satya D. Pradhuman and headquartered at 110 W. 40th Street, New York. The firm serves institutional money managers, active portfolio managers (both fundamental and quantitative), research analysts, strategists, asset allocators, and risk managers at global institutions, with a specialized focus on Mid, Small, and Micro Cap equities. Its core technology stack centers on proprietary quantitative tools built atop 40 years of hand-scrubbed US equity data and detailed cleaned historical data for 10 key global markets. The firm's analytical engine includes the Cirrus Signature Models (24 Long and 4 Short individually back tested models covering Large to Micro, Growth and Value), the Cirrus Risk Indicator (CRX), and the Polarization Measure, alongside digital tear sheets, no-code factor modeling, and time series modeling capabilities delivered through the Cirrus Analytics platform.
The firm operates three primary revenue streams: (1) recurring research subscriptions covering Market Outlook, Earnings Outlook, Cross Market Opportunities, Asset Allocation and Risk Metrics, Sector/Industry focus, ETF Studies, and Equity Income Research, distributed via Commission Sharing arrangements with broker-dealers; (2) applied research and bespoke consulting services including custom portfolio analysis, single-security expected returns, factor research, and ongoing Portfolio Maintenance & Assessment; and (3) digital platform access via Cirrus Analytics, with an upcoming beta portal intended to let clients directly manage and oversee their portfolios. Pricing is quote-based and not publicly disclosed, with a free trial of one Cirrus report offered to both professional and individual investor user types. Distribution is concentrated in direct enterprise sales to the institutional asset management community, supplemented by an Espresso newsletter, video library, and gated research library. The firm has operated continuously for over 17 years with a core team of approximately five members and no disclosed external funding.
Cirrus Research firmographics
Firmographics- Name
- Cirrus Research
- Legal name
- Cirrus Research, LLC
- Website
- https://cirrus-res.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Cirrus Research is an independent, privately held investment strategy research firm founded in 2007 that provides proprietary quantitative research, bespoke consulting, and the Cirrus Analytics digital platform to institutional money managers focused on Mid, Small, and Micro Cap equities globally.
- Ownership category
- akta.pro rank
Cirrus Research industry classification
Industry- Product category
- Institutional Equity Investment Research
- NAICS
- Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Investment Advice (6282), Services-Management Consulting Services (8742)
- akta.pro primary industry
- Equity Research (FSACAGAA)
- akta.pro secondary industries
- Strategy & Thematic Research (FSACAGAG), Sector-Specific Industry Research (FSACAGAL)
Keywords
Where Cirrus Research is headquartered
LocationHeadquarters
- HQ city
- Tarrytown
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Cirrus Research business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Research Subscription/Reports: The firm primarily engages in Research Preparation and Commission Sharing with other Broker-dealers. Offers published research including Market Outlook, Earnings Outlook, Cross Market Opportunities, Asset Allocation & Risk Metrics, Sector/Industry focus, ETF Studies, and Equity Income Research.
- Applied Research/Custom Services: Bespoke consulting services leveraging team's skill sets, unique curated datasets and tools. Includes custom design/technical support of equity portfolios, factor research, portfolio & factor data delivery, and portfolio maintenance & assessment.
- Digital Platform/SaaS: Cirrus Analytics digital platform providing analytic support including sector/industry/ETF tear sheets, factor modeling, and time series modeling. Upcoming portal for direct portfolio management (beta stage).
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free trial - access to one Cirrus report |
| Subscription | Annual | Professional/Individual Investor subscription |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Cirrus Research product offering
Product offeringCore offering
Cirrus Research provides proprietary quantitative investment research, published analytical reports, and a digital analytics platform (Cirrus Analytics) for institutional money managers focused on Mid, Small, and Micro Cap equities. Its core offerings include the Cirrus Signature Models (24 Long and 4 Short models), proprietary risk and volatility indicators (Cirrus Risk Indicator/CRX and Polarization Measure), a suite of subscription research products (Market Outlook, Earnings Outlook, Global Positioning, Signals/Risk Metrics, Industry Outlier, Looking Glass, Dividend Strategy), and applied custom services such as Custom Portfolio Analysis, Single Security Expected Returns, Portfolio Maintenance & Assessment, and Factor Research.
Product overview
Cirrus Research offers a unified platform of investment strategy research products and services designed for institutional money managers seeking superior risk-adjusted returns in the equity markets. The core offering consists of Cirrus Analytics, a digital platform providing sector/industry/ETF tear sheets, factor modeling, and time series analysis. This is complemented by published research products including Market Outlook (Dispatch, Briefing), Earnings Outlook (Earnings Playbook), Global Positioning/Regional Outlier, Signals/Risk Metrics, Industry Outlier, Looking Glass (ETF Studies), and Dividend Strategy. The proprietary quantitative modeling suite includes Cirrus Signature Models (24 Long, 4 Short models) and proprietary indicators such as the Cirrus Risk Indicator (CRX) and Polarization Measure. Applied research and custom services include Custom Portfolio Analysis, Single Security Expected Returns, Portfolio Maintenance & Assessment, and Factor Research. All offerings focus on Mid, Small, and Micro Cap equities with multi-faceted valuation and analytic techniques, sophisticated modeling for industry/sector rotation, risk appetite forecasting, and factor behavior analysis.
Differentiator
Problem solved
Functional benefit
Products and services
- Cirrus Analytics Digital platform providing analytic support with sector/industry/ETF tear sheets, factor modeling without coding, time series modeling, and a Business Intel Tool applied to industry selection; designed for institutional money managers seeking analytic and portfolio support.
- Cirrus Signature Models Proprietary quantitative model suite of 24 Long and 4 Short models covering Large to Micro, Growth and Value segments, individually back tested, designed to generate alpha signals for institutional portfolio construction.
- Market Outlook (Dispatch, Briefing) Published research product providing strategic framing and positioning of portfolios given the current market setting, delivered to institutional clients.
- Earnings Outlook (Earnings Playbook, Fundamentals Tearsheet) Published research product that isolates firms with earnings risk and potential opportunities using the Fundamentals Tearsheet framework.
- Global Positioning / Regional Outlier Published research product providing regional comparisons of market fundamentals and identifying cross-market opportunities and risks across 10 key markets.
- Signals / Risk Metrics Published research product delivering asset allocation and risk metrics including Risk Appetite, Crowding, and other critical risk elements for institutional portfolio managers.
- Industry Outlier Published research product providing sector and industry-focused research that identifies outperformers and laggards using Cirrus's proprietary analytics.
- Looking Glass Published research product providing comparative ETF studies across exchange-traded funds for institutional clients.
- Dividend Strategy Published research product focused on equity income research, dividend strategies, and yield opportunities for institutional clients.
- Custom Portfolio Analysis Bespoke consulting service performing deep dive analysis of client holdings, assessing portfolios by size, sector, valuation, risk, quality, and expectations using Cirrus Signature Models.
- Single Security Expected Returns Bespoke consulting service delivering enhanced single-stock analysis based on client investment approach, spanning Aggressive Growth, GARP, High Quality Growth, Deep Value, Relative Value, or High Quality Value strategies.
- Portfolio Maintenance & Assessment Ongoing monthly review service for client portfolios covering stocks and ETFs to support continuous portfolio oversight.
- Factor Research Custom research service allowing clients to pursue tailored market and factor studies leveraging Cirrus's proprietary factor framework.
Companies that use Cirrus Research
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Cirrus Research technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Cirrus Research partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Cirrus Research competitors and assessment
Company assessmentDirect peers
- BCA Research: Independent global investment research firm delivering macro, asset allocation and strategy research to institutional investors. Closely comparable as a subscription-driven, independent research provider with deep quantitative and thematic work.
- New Constructs: Independent equity research firm focused on proprietary fundamental analysis and quantitative valuation models for institutional and self-directed investors. Comparable in combining proprietary models with research subscriptions targeting active managers.
- Gavekal Research: Independent global research firm providing macro and sector research across developed and emerging markets to institutional investors. Comparable in serving global institutional money managers with subscription research and consulting services.
- Strategas Research Partners: Independent institutional research firm combining macro/thematic strategy, sector research and technical analysis for asset managers and corporate clients. Comparable in offering a mix of subscription research and bespoke consulting to active institutional managers.
- Ned Davis Research: Independent, founder-led institutional research firm providing quantitative tools, asset allocation models and market strategy research. Closely comparable to Cirrus in business model (independent research + analytics + custom consulting) and target customer (institutional money managers), with a similarly long operating history.
- Hedgeye Risk Management: Independent, founder-led research and investing firm providing subscription research, quantitative tools and risk dashboards to institutional investors. Similar independent-research-plus-platform model targeting active money managers.
Emerging players
- AlphaSense: AI-powered market intelligence and research workflow platform serving institutional research consumers. Comparable as an emerging platform alternative for institutional research aggregation, with partial overlap to Cirrus Analytics in workflow tooling.
- Sentieo: Financial research and analytics platform for institutional investors, now part of AlphaSense, providing document search, tear sheets and analytics. Comparable in offering an institutional analytics platform adjacent to Cirrus Analytics.
Broad incumbents
- FactSet: Major institutional financial data and analytics platform offering portfolio analytics, screening, factor models and integrated research workflows. Comparable as a much larger incumbent serving the same institutional buy-side clients with overlapping factor and analytics functionality.
- S&P Capital IQ Pro: Broad financial data, analytics and research platform from S&P Global serving institutional investors. Comparable as a large incumbent offering integrated fundamental data, screening, and quantitative tools that overlap with Cirrus' analytics offerings.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Cirrus Research social profiles
Digital presenceCirrus Research financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cirrus Research leadership team
Management profileNumber of profiles
Profiles5 records
Cirrus Research funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cirrus Research M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cirrus Research
What does Cirrus Research do?
Cirrus Research provides proprietary quantitative investment research, published analytical reports, and a digital analytics platform (Cirrus Analytics) for institutional money managers focused on Mid, Small, and Micro Cap equities. Its core offerings include the Cirrus Signature Models (24 Long and 4 Short models), proprietary risk and volatility indicators (Cirrus Risk Indicator/CRX and Polarization Measure), a suite of subscription research products (Market Outlook, Earnings Outlook, Global Positioning, Signals/Risk Metrics, Industry Outlier, Looking Glass, Dividend Strategy), and applied custom services such as Custom Portfolio Analysis, Single Security Expected Returns, Portfolio Maintenance & Assessment, and Factor Research.
Is Cirrus Research a public or private company?
Cirrus Research is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Cirrus Research founded?
Cirrus Research was founded in 2007. It employs 11 to 50 people.
Where is Cirrus Research based?
Cirrus Research is headquartered in Tarrytown, United States, in the North America region.
How does Cirrus Research make money?
Three revenue lines are on record. Research Subscription/Reports are the primary driver. The others are applied Research/Custom Services and digital Platform/SaaS.
Who are Cirrus Research's main competitors?
Direct peers on record are BCA Research, New Constructs, Gavekal Research, Strategas Research Partners, Ned Davis Research and Hedgeye Risk Management. Emerging players are AlphaSense and Sentieo. Broad incumbents are FactSet and S&P Capital IQ Pro.
Does Cirrus Research have an API?
No public API is recorded for Cirrus Research.
What industry is Cirrus Research in?
Cirrus Research's product category is Institutional Equity Investment Research. Its primary akta.pro industry code is FSACAGAA, Equity Research, with a secondary code of FSACAGAG, Strategy & Thematic Research. Its NAICS code is 523940 and its SIC code is 6282.