# FinStat2SQL: A Text2SQL Pipeline for Financial Statement Analysis

arXiv: https://arxiv.org/abs/2506.23273 · HTML: https://mlsanity.com/paper/2506.23273/

## Key facts

- Cited by 1 papers in the map (data through 14 Oct 2026).
- Builds on 32 of its 55 references that are in the map.
- First posted on arXiv 29 Jun 2025.

## Builds on (most cited first, 30 of 32)

- [Judging LLM-as-a-Judge with MT-Bench and Chatbot Arena](https://mlsanity.com/paper/2306.05685/) (2023)
- [Direct Preference Optimization: Your Language Model is Secretly a Reward Model](https://mlsanity.com/paper/2305.18290/) (2023)
- [Parameter-Efficient Transfer Learning for NLP](https://mlsanity.com/paper/1902.00751/) (2019)
- [Prefix-Tuning: Optimizing Continuous Prompts for Generation](https://mlsanity.com/paper/2101.00190/) (2021)
- [The Power of Scale for Parameter-Efficient Prompt Tuning](https://mlsanity.com/paper/2104.08691/) (2021)
- [LlamaFactory: Unified Efficient Fine-Tuning of 100+ Language Models](https://mlsanity.com/paper/2403.13372/) (2024)
- [Spider: A Large-Scale Human-Labeled Dataset for Complex and Cross-Domain Semantic Parsing and Text-to-SQL Task](https://mlsanity.com/paper/1809.08887/) (2018)
- [Can LLM Already Serve as A Database Interface? A BIg Bench for Large-Scale Database Grounded Text-to-SQLs](https://mlsanity.com/paper/2305.03111/) (2023)
- [Seq2SQL: Generating Structured Queries from Natural Language using Reinforcement Learning](https://mlsanity.com/paper/1709.00103/) (2017)
- [C-Pack: Packed Resources For General Chinese Embeddings](https://mlsanity.com/paper/2309.07597/) (2023)
- [DIN-SQL: Decomposed In-Context Learning of Text-to-SQL with Self-Correction](https://mlsanity.com/paper/2304.11015/) (2023)
- [RAT-SQL: Relation-Aware Schema Encoding and Linking for Text-to-SQL Parsers](https://mlsanity.com/paper/1911.04942/) (2019)
- [Small Language Models are the Future of Agentic AI](https://mlsanity.com/paper/2506.02153/) (2025)
- [RESDSQL: Decoupling Schema Linking and Skeleton Parsing for Text-to-SQL](https://mlsanity.com/paper/2302.05965/) (2023)
- [CodeS: Towards Building Open-source Language Models for Text-to-SQL](https://mlsanity.com/paper/2402.16347/) (2024)
- [Next-Generation Database Interfaces: A Survey of LLM-based Text-to-SQL](https://mlsanity.com/paper/2406.08426/) (2024)
- [LGESQL: Line Graph Enhanced Text-to-SQL Model with Mixed Local and Non-Local Relations](https://mlsanity.com/paper/2106.01093/) (2021)
- [Towards Robustness of Text-to-SQL Models against Synonym Substitution](https://mlsanity.com/paper/2106.01065/) (2021)
- [KaggleDBQA: Realistic Evaluation of Text-to-SQL Parsers](https://mlsanity.com/paper/2106.11455/) (2021)
- [Learning from Dialogue after Deployment: Feed Yourself, Chatbot!](https://mlsanity.com/paper/1901.05415/) (2019)
- [Learning a Neural Semantic Parser from User Feedback](https://mlsanity.com/paper/1704.08760/) (2017)
- [Exploring Underexplored Limitations of Cross-Domain Text-to-SQL Generalization](https://mlsanity.com/paper/2109.05157/) (2021)
- [Towards Analyzing and Understanding the Limitations of DPO: A Theoretical Perspective](https://mlsanity.com/paper/2404.04626/) (2024)
- [On the Potential of Lexico-logical Alignments for Semantic Parsing to SQL Queries](https://mlsanity.com/paper/2010.11246/) (2020)
- [Text-to-SQL in the Wild: A Naturally-Occurring Dataset Based on Stack Exchange Data](https://mlsanity.com/paper/2106.05006/) (2021)
- [FinSQL: Model-Agnostic LLMs-based Text-to-SQL Framework for Financial Analysis](https://mlsanity.com/paper/2401.10506/) (2024)
- [E-SQL: Direct Schema Linking via Question Enrichment in Text-to-SQL](https://mlsanity.com/paper/2409.16751/) (2024)
- [From Natural Language to SQL: Review of LLM-based Text-to-SQL Systems](https://mlsanity.com/paper/2410.01066/) (2024)
- [Knowledge Distillation Using Frontier Open-source LLMs: Generalizability and the Role of Synthetic Data](https://mlsanity.com/paper/2410.18588/) (2024)
- [BookSQL: A Large Scale Text-to-SQL Dataset for Accounting Domain](https://mlsanity.com/paper/2406.07860/) (2024)

## Built on by (most cited first, 1 of 1)

- [Empowering Real-World: A Survey on the Technology, Practice, and Evaluation of LLM-driven Industry Agents](https://mlsanity.com/paper/2510.17491/) (2025)

## Abstract (arXiv)

Despite the advancements of large language models, text2sql still faces many challenges, particularly with complex and domain-specific queries. In finance, database designs and financial reporting layouts vary widely between financial entities and countries, making text2sql even more challenging. We present FinStat2SQL, a lightweight text2sql pipeline enabling natural language queries over financial statements. Tailored to local standards like VAS, it combines large and small language models in a multi-agent setup for entity extraction, SQL generation, and self-correction. We build a domain-specific database and evaluate models on a synthetic QA dataset. A fine-tuned 7B model achieves 61.33% accuracy with sub-4-second response times on consumer hardware, outperforming GPT-4o-mini. FinStat2SQL offers a scalable, cost-efficient solution for financial analysis, making AI-powered querying accessible to Vietnamese enterprises.