SEC Grants Exemptive Relief from Certain Inline XBRL Filing or Submission Requirements

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Published: 2026-09-14T16:50:33.954Z • Permanent link

SEC Commissioner Hildebrand announced that the Securities and Exchange Commission issued an order granting exemptive relief from certain Inline XBRL requirements adopted on December 16, 2024. Specifically, the Commission is granting exemptive relief from filing or submitting Inline XBRL data for certain non-publicly traded companies. The relief applies to companies with less than $100 million in annual gross receipts.

The decision affects hundreds of thousands of private companies that file with the SEC, including many small and medium-sized enterprises. According to a report by CB Insights, the top 100 venture capital-backed companies in the United States generated a combined $33.6 billion in revenue in 2022. Companies with annual gross receipts below $100 million often rely on private funding and may not have the resources to comply with the new XBRL regulations.

Some experts argue that the exemption will help level the playing field for smaller companies. "The XBRL requirements are already a barrier to entry for many private companies," said Rachel Haot, a fintech expert at the startup accelerator Y Combinator. "By exempting companies with less than $100 million in annual gross receipts, the SEC is providing much-needed relief and promoting competition in the markets."

SEC Commissioner Hildebrand stated that the decision was made to "ensure that the burden of compliance does not disproportionately harm small and medium-sized businesses." Hildebrand also noted that the SEC will continue to monitor the situation and may reconsider the exemption in the future.

The exemptive relief from Inline XBRL filing requirements will have significant real-world implications for the Data Sources domain. Many research communities, including those focused on private companies, rely on XBRL data to conduct analysis and research. The exemption will allow these researchers to access data on companies that were previously excluded from the XBRL filing requirements.

Companies that rely on XBRL data, such as financial data providers and market research firms, will also benefit from the exemption. For example, companies like FactSet and Thomson Reuters, which provide financial data and analysis services to investors and researchers, may see an increase in demand for their products as a result of the exemption.