Enhancing Financial Report Question-Answering: A Retrieval-Augmented Generation System with Reranking Analysis
On the map: Retrieval-augmented generation → Legal and financial RAG
Abstract (arXiv)
Financial analysts face significant challenges extracting information from lengthy 10-K reports, which often exceed 100 pages. This paper presents a Retrieval-Augmented Generation (RAG) system designed to answer questions about S&P 500 financial reports and evaluates the impact of neural reranking on system performance. Our pipeline employs hybrid search combining full-text and semantic retrieval, followed by an optional reranking stage using a cross-encoder model. We conduct systematic evaluation using the FinDER benchmark dataset, comprising 1,500 queries across five experimental groups. Results demonstrate that reranking significantly improves answer quality, achieving 49.0 percent correctness for scores of 8 or above compared to 33.5 percent without reranking, representing a 15.5 percentage point improvement. Additionally, the error rate for completely incorrect answers decreases from 35.3 percent to 22.5 percent. Our findings emphasize the critical role of reranking in financial RAG systems and demonstrate performance improvements over baseline methods through modern language models and refined retrieval strategies.
Key facts. Cited by 20 papers in the map (data through 7 Oct 2026). Placed in Legal and financial RAG, one of 15 directions in Retrieval-augmented generation. Builds on 8 of its 23 references that are in the map. First posted on arXiv 18 Feb 2026.
Builds on
8 of 23 references.
Closest ancestors · 1
Same direction, newest first
- 2025FinDER: Financial Dataset for Question Answering and Evaluating Retrieval-Augmented Generation22 Apr
Other references · 7
- 2020Retrieval-Augmented Generation for Knowledge-Intensive NLP Taskscited by 9,160
- 2019Sentence-BERT: Sentence Embeddings using Siamese BERT-Networkscited by 9,049
- 2023Judging LLM-as-a-Judge with MT-Bench and Chatbot Arenacited by 8,393
- 2017Billion-scale similarity search with GPUscited by 2,477
- 2025AttentionRAG: Attention-Guided Context Pruning in Retrieval-Augmented Generationcited by 19
- 2025AutoNeural: Co-Designing Vision-Language Models for NPU Inferencecited by 17
- 2026Reasoning in Trees: Improving Retrieval-Augmented Generation for Multi-Hop Question Answeringcited by 13
Built on by
Citing papers per year: 2026: 20.
20 papers.
Sort:
By area:
- 2026ReTrack: Evidence-Driven Dual-Stream Directional Anchor Calibration Network for Composed Video Retrievalcited by 39
- 2026INTENT: Invariance and Discrimination-aware Noise Mitigation for Robust Composed Image Retrievalcited by 26
- 2026HABIT: Chrono-Synergia Robust Progressive Learning Framework for Composed Image Retrievalcited by 24
- 2026Air-Know: Arbiter-Calibrated Knowledge-Internalizing Robust Network for Composed Image Retrievalcited by 17
- 2026Does RAG Know When Retrieval Is Wrong? Diagnosing Context Compliance under Knowledge Conflictcited by 15
- 2026Relevant Is Not Warranted: Evidence-Force Calibration for Cited RAGcited by 14
- 2026When Safe Skills Collide: Measuring Compositional Risk in Agent Skill Ecosystemscited by 14
- 2026Sustainable Hybrid Document-Routed Retrieval for Financial RAG: Resolving the Robustness-Precision Trade-offcited by 13
- 2026Bridging Reasoning Trajectories in On-Policy Distillation via Near-Future Guidancecited by 12
- 2026Cornerstones or Stumbling Blocks? Deciphering the Rock Tokens in On-Policy Distillationcited by 11
- 2026Improving the Completeness and Comparability of Segment Disclosures: A Large Language Model Approachcited by 6
- 2026GRASP: Plan-Guided Graph Retrieval with Adaptive Fusion and Reranking on Semi-Structured Knowledge Basescited by 6
8 more
- 2026Detecting High-Potential SMEs with Heterogeneous Graph Neural Networkscited by 1
- 2026When LLM Reward Design Fails: Diagnostic-Driven Refinement for Sparse Structured RLcited by 1
- 2026Energy-Efficient On-Device RAG on a Mobile NPU: System Design and Benchmark on Snapdragon X Elitecited by 1
- 2026JailbreakOPT: Tool-Assisted Iterative Jailbreak Prompt Optimizationcited by 1
- 2026VisualLeakBench: Reproducible Action-Boundary Propagation Failures in Vision-Language Agentscited by 0
- 2026MOSAIC: Orchestrating Collaborative Knowledge Tracing with Hierarchical Semantic Alignmentcited by 0
- 2026RouteCost: A Production-Inspired Multi-Stage Framework for Pre-Order Shipping Cost Estimation in E-Commercecited by 0
- 2026KumbhDoot: A Scale-Ready, LLM-Bounded Architecture for Mass-Gathering Public-Service Assistantscited by 0
- 2026KumbhDoot: A Scale-Ready, LLM-Bounded Architecture for Mass-Gathering Public-Service Assistants6 Jul 2026
- 2026MOSAIC: Orchestrating Collaborative Knowledge Tracing with Hierarchical Semantic Alignment27 Jun 2026
- 2026RouteCost: A Production-Inspired Multi-Stage Framework for Pre-Order Shipping Cost Estimation in E-Commerce24 Jun 2026
- 2026JailbreakOPT: Tool-Assisted Iterative Jailbreak Prompt Optimization9 Jun 2026
- 2026Energy-Efficient On-Device RAG on a Mobile NPU: System Design and Benchmark on Snapdragon X Elite9 Jun 2026
- 2026When Safe Skills Collide: Measuring Compositional Risk in Agent Skill Ecosystems30 May 2026
- 2026VisualLeakBench: Reproducible Action-Boundary Propagation Failures in Vision-Language Agents29 May 2026
- 2026Bridging Reasoning Trajectories in On-Policy Distillation via Near-Future Guidance29 May 2026
- 2026GRASP: Plan-Guided Graph Retrieval with Adaptive Fusion and Reranking on Semi-Structured Knowledge Bases28 May 2026
- 2026When LLM Reward Design Fails: Diagnostic-Driven Refinement for Sparse Structured RL27 May 2026
- 2026Relevant Is Not Warranted: Evidence-Force Calibration for Cited RAG27 May 2026
- 2026Does RAG Know When Retrieval Is Wrong? Diagnosing Context Compliance under Knowledge Conflict14 May 2026
8 more
- 2026Cornerstones or Stumbling Blocks? Deciphering the Rock Tokens in On-Policy Distillation10 May 2026
- 2026Air-Know: Arbiter-Calibrated Knowledge-Internalizing Robust Network for Composed Image Retrieval21 Apr 2026
- 2026Improving the Completeness and Comparability of Segment Disclosures: A Large Language Model Approach20 Apr 2026
- 2026INTENT: Invariance and Discrimination-aware Noise Mitigation for Robust Composed Image Retrieval20 Apr 2026
- 2026HABIT: Chrono-Synergia Robust Progressive Learning Framework for Composed Image Retrieval20 Apr 2026
- 2026ReTrack: Evidence-Driven Dual-Stream Directional Anchor Calibration Network for Composed Video Retrieval20 Apr 2026
- 2026Sustainable Hybrid Document-Routed Retrieval for Financial RAG: Resolving the Robustness-Precision Trade-off26 Mar 2026
- 2026Detecting High-Potential SMEs with Heterogeneous Graph Neural Networks23 Feb 2026
- 2026Does RAG Know When Retrieval Is Wrong? Diagnosing Context Compliance under Knowledge Conflictcited by 15
- 2026Sustainable Hybrid Document-Routed Retrieval for Financial RAG: Resolving the Robustness-Precision Trade-offcited by 13
- 2026Energy-Efficient On-Device RAG on a Mobile NPU: System Design and Benchmark on Snapdragon X Elitecited by 1
- 2026Energy-Efficient On-Device RAG on a Mobile NPU: System Design and Benchmark on Snapdragon X Elite9 Jun 2026
- 2026Does RAG Know When Retrieval Is Wrong? Diagnosing Context Compliance under Knowledge Conflict14 May 2026
- 2026Sustainable Hybrid Document-Routed Retrieval for Financial RAG: Resolving the Robustness-Precision Trade-off26 Mar 2026
- 2026ReTrack: Evidence-Driven Dual-Stream Directional Anchor Calibration Network for Composed Video Retrievalcited by 39
- 2026INTENT: Invariance and Discrimination-aware Noise Mitigation for Robust Composed Image Retrievalcited by 26
- 2026HABIT: Chrono-Synergia Robust Progressive Learning Framework for Composed Image Retrievalcited by 24
- 2026Air-Know: Arbiter-Calibrated Knowledge-Internalizing Robust Network for Composed Image Retrievalcited by 17
- 2026Relevant Is Not Warranted: Evidence-Force Calibration for Cited RAGcited by 14
- 2026Cornerstones or Stumbling Blocks? Deciphering the Rock Tokens in On-Policy Distillationcited by 11
- 2026Improving the Completeness and Comparability of Segment Disclosures: A Large Language Model Approachcited by 6
- 2026GRASP: Plan-Guided Graph Retrieval with Adaptive Fusion and Reranking on Semi-Structured Knowledge Basescited by 6
- 2026Detecting High-Potential SMEs with Heterogeneous Graph Neural Networkscited by 1
- 2026When LLM Reward Design Fails: Diagnostic-Driven Refinement for Sparse Structured RLcited by 1
- 2026MOSAIC: Orchestrating Collaborative Knowledge Tracing with Hierarchical Semantic Alignmentcited by 0
- 2026RouteCost: A Production-Inspired Multi-Stage Framework for Pre-Order Shipping Cost Estimation in E-Commercecited by 0
12 most cited of 13 All 13 (JSON)
- 2026KumbhDoot: A Scale-Ready, LLM-Bounded Architecture for Mass-Gathering Public-Service Assistants6 Jul 2026
- 2026MOSAIC: Orchestrating Collaborative Knowledge Tracing with Hierarchical Semantic Alignment27 Jun 2026
- 2026RouteCost: A Production-Inspired Multi-Stage Framework for Pre-Order Shipping Cost Estimation in E-Commerce24 Jun 2026
- 2026GRASP: Plan-Guided Graph Retrieval with Adaptive Fusion and Reranking on Semi-Structured Knowledge Bases28 May 2026
- 2026When LLM Reward Design Fails: Diagnostic-Driven Refinement for Sparse Structured RL27 May 2026
- 2026Relevant Is Not Warranted: Evidence-Force Calibration for Cited RAG27 May 2026
- 2026Cornerstones or Stumbling Blocks? Deciphering the Rock Tokens in On-Policy Distillation10 May 2026
- 2026Air-Know: Arbiter-Calibrated Knowledge-Internalizing Robust Network for Composed Image Retrieval21 Apr 2026
- 2026Improving the Completeness and Comparability of Segment Disclosures: A Large Language Model Approach20 Apr 2026
- 2026INTENT: Invariance and Discrimination-aware Noise Mitigation for Robust Composed Image Retrieval20 Apr 2026
- 2026HABIT: Chrono-Synergia Robust Progressive Learning Framework for Composed Image Retrieval20 Apr 2026
- 2026ReTrack: Evidence-Driven Dual-Stream Directional Anchor Calibration Network for Composed Video Retrieval20 Apr 2026
12 newest of 13 All 13 (JSON)
Similar, not cited
Close in wording, no citation either way
- 2024Multi-Reranker: Maximizing performance of retrieval-augmented generation in the FinanceRAG challenge
- 2025Rethinking Retrieval: From Traditional Retrieval Augmented Generation to Agentic and Non-Vector Reasoning Systems in the Financial Domain for Large Language Models
- 2026Hierarchical Reranking for Scalable Financial RAG System
- 2025Optimizing Retrieval Strategies for Financial Question Answering Documents in Retrieval-Augmented Generation Systems
- 2025Metadata-Driven Retrieval-Augmented Generation for Financial Question Answering
- 2026From BM25 to Corrective RAG: Benchmarking Retrieval Strategies for Text-and-Table Documents
- 2025VeritasFi: An Adaptable, Multi-tiered RAG Framework for Multi-modal Financial Question Answering
- 2026Decomposing Retrieval Failures in RAG for Long-Document Financial Question Answering