# PyFi: Toward Pyramid-like Financial Image Understanding for VLMs via Adversarial Agents

arXiv: https://arxiv.org/abs/2512.14735 · HTML: https://mlsanity.com/paper/2512.14735/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Placed in Chart understanding and anomaly detection, one of 16 directions in Multimodal LLMs / vision-language models.
- Builds on 45 of its 70 references that are in the map.
- First posted on arXiv 11 Dec 2025.

## Placed in

- Multimodal LLMs / vision-language models / [Chart understanding and anomaly detection](https://mlsanity.com/mllm/chart-understanding-and-anomaly-detection/)
- LLM agents and tool use / [Financial trading and forecasting agents](https://mlsanity.com/agents/financial-trading-and-forecasting-agents/)

## Builds on (most cited first, 30 of 45)

- [Let's Verify Step by Step](https://mlsanity.com/paper/2305.20050/) (2023)
- [MMMU: A Massive Multi-discipline Multimodal Understanding and Reasoning Benchmark for Expert AGI](https://mlsanity.com/paper/2311.16502/) (2023)
- [Improving Factuality and Reasoning in Language Models through Multiagent Debate](https://mlsanity.com/paper/2305.14325/) (2023)
- [MathVista: Evaluating Mathematical Reasoning of Foundation Models in Visual Contexts](https://mlsanity.com/paper/2310.02255/) (2023)
- [InternVL3.5: Advancing Open-Source Multimodal Models in Versatility, Reasoning, and Efficiency](https://mlsanity.com/paper/2508.18265/) (2025)
- [BloombergGPT: A Large Language Model for Finance](https://mlsanity.com/paper/2303.17564/) (2023)
- [Math-Shepherd: Verify and Reinforce LLMs Step-by-step without Human Annotations](https://mlsanity.com/paper/2312.08935/) (2023)
- [FinQA: A Dataset of Numerical Reasoning over Financial Data](https://mlsanity.com/paper/2109.00122/) (2021)
- [Measuring Multimodal Mathematical Reasoning with MATH-Vision Dataset](https://mlsanity.com/paper/2402.14804/) (2024)
- [The Lessons of Developing Process Reward Models in Mathematical Reasoning](https://mlsanity.com/paper/2501.07301/) (2025)
- [rStar-Math: Small LLMs Can Master Math Reasoning with Self-Evolved Deep Thinking](https://mlsanity.com/paper/2501.04519/) (2025)
- [We-Math: Does Your Large Multimodal Model Achieve Human-like Mathematical Reasoning?](https://mlsanity.com/paper/2407.01284/) (2024)
- [MinerU: An Open-Source Solution for Precise Document Content Extraction](https://mlsanity.com/paper/2409.18839/) (2024)
- [Mutual Reasoning Makes Smaller LLMs Stronger Problem-Solvers](https://mlsanity.com/paper/2408.06195/) (2024)
- [WHEN FLUE MEETS FLANG: Benchmarks and Large Pre-trained Language Model for Financial Domain](https://mlsanity.com/paper/2211.00083/) (2022)
- [Agentic Reasoning: A Streamlined Framework for Enhancing LLM Reasoning with Agentic Tools](https://mlsanity.com/paper/2502.04644/) (2025)
- [Let's reward step by step: Step-Level reward model as the Navigators for Reasoning](https://mlsanity.com/paper/2310.10080/) (2023)
- [Process Reward Models for LLM Agents: Practical Framework and Directions](https://mlsanity.com/paper/2502.10325/) (2025)
- [Reasoning or Memorization? Unreliable Results of Reinforcement Learning Due to Data Contamination](https://mlsanity.com/paper/2507.10532/) (2025)
- [o1-Coder: an o1 Replication for Coding](https://mlsanity.com/paper/2412.00154/) (2024)
- [Interaction2Code: Benchmarking MLLM-based Interactive Webpage Code Generation from Interactive Prototyping](https://mlsanity.com/paper/2411.03292/) (2024)
- [DesignBench: A Comprehensive Benchmark for MLLM-based Front-end Code Generation](https://mlsanity.com/paper/2506.06251/) (2025)
- [MV-MATH: Evaluating Multimodal Math Reasoning in Multi-Visual Contexts](https://mlsanity.com/paper/2502.20808/) (2025)
- [FinMME: Benchmark Dataset for Financial Multi-Modal Reasoning Evaluation](https://mlsanity.com/paper/2505.24714/) (2025)
- [OmniEval: An Omnidirectional and Automatic RAG Evaluation Benchmark in Financial Domain](https://mlsanity.com/paper/2412.13018/) (2024)
- [FinVis-GPT: A Multimodal Large Language Model for Financial Chart Analysis](https://mlsanity.com/paper/2308.01430/) (2023)
- [Reasoning Multi-Agent Behavioral Topology for Interactive Autonomous Driving](https://mlsanity.com/paper/2409.18031/) (2024)
- [Fin-Fact: A Benchmark Dataset for Multimodal Financial Fact Checking and Explanation Generation](https://mlsanity.com/paper/2309.08793/) (2023)
- [AutoPRM: Automating Procedural Supervision for Multi-Step Reasoning via Controllable Question Decomposition](https://mlsanity.com/paper/2402.11452/) (2024)
- [HedgeAgents: A Balanced-aware Multi-agent Financial Trading System](https://mlsanity.com/paper/2502.13165/) (2025)

## Abstract (arXiv)

This paper proposes PyFi, a novel framework for pyramid-like financial image understanding that enables vision language models (VLMs) to reason through question chains in a progressive, simple-to-complex manner. At the core of PyFi is PyFi-600K, a dataset comprising 600K financial question-answer pairs organized into a reasoning pyramid: questions at the base require only basic perception, while those toward the apex demand increasing levels of capability in financial visual understanding and expertise. This data is scalable because it is synthesized without human annotations, using PyFi-adv, a multi-agent adversarial mechanism under the Monte Carlo Tree Search (MCTS) paradigm, in which, for each image, a challenger agent competes with a solver agent by generating question chains that progressively probe deeper capability levels in financial visual reasoning. Leveraging this dataset, we present fine-grained, hierarchical, and comprehensive evaluations of advanced VLMs in the financial domain. Moreover, fine-tuning Qwen2.5-VL-3B and Qwen2.5-VL-7B on the pyramid-structured question chains enables these models to answer complex financial questions by decomposing them into sub-questions with gradually increasing reasoning demands, yielding average accuracy improvements of 19.52% and 8.06%, respectively, on the dataset. All resources of code, dataset and models are available at: https://github.com/AgenticFinLab/PyFi .