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About this paper

Rasmus T. Aavang, Rasmus Tjalk-Bøggild, Alexandre Iolov, Giovanni Rizzi, Mike Zhang, Johannes Bjerva

The authors develop a method to extract and track key performance indicators (KPIs) in earnings calls without a predefined taxonomy of KPI names. It prompts language models to identify metric descriptions and values, then links and groups them across calls. On the small annotated ECB-A benchmark, Gemini 3 Pro reaches 11.5% exact F1, versus 0.0% for evaluated SEC-trained encoders.

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