EDGAR Online Reports 28% Revenue Growth and 25% Improvement in EPS Compared to First Quarter

Results in Line with Analysts Expectations

Contacts:

NORWALK, Conn. (July 31, 2000) – EDGAR Online, Inc. (NASDAQ: EDGR), the leading Internet-based provider of business, financial and competitive information derived from filings with the SEC, today reported its financial results for the second quarter ended June 30, 2000. Gross revenues for the second quarter totaled $2.8 million, an increase of 167% compared to the same period last year and a jump of 28% compared to the first quarter of this year.

For the first six months of 2000, gross revenue grew to a record $4.9 million, an increase of 194% compared to $1.7 million in the same period a year earlier. Led by significant growth in corporate sales of XML-tagged data, total six-month revenues are nearly as large as full year 1999 revenues.

EDGAR Online, Inc. reported a net loss of $1.9 million for the second quarter of this year compared to a net loss of $0.8 million for the same quarter last year and a net loss of $2.5 million in the first quarter of 2000. Basic and diluted net loss per share was $(0.15) in the second quarter compared to $(0.09) for the same quarter a year ago and $(0.20) in the previous quarter.

Commenting on the quarter’s results, Marc Strausberg, EDGAR Online chairman stated, “Our quarter-to-quarter revenue growth rate this year has been 28% excluding any benefits from acquisitions. This revenue growth compares very favorably to the first quarter growth rates reported by the other four leading public companies in our sector; Hoovers: 4% (NASDAQ: HOOV), MarketWatch: 7% (NASDAQ: MKTW), Multex: 19% (NASDAQ: MLTX), and TheStreet.com: 23% (NASDAQ: TSCM). We look forward to continuing this strong growth through year-end.”

Tom Vos, president of EDGAR Online, added, “Our business model is performing as planned, and we are achieving our goals in terms of both revenue growth and cash flow. If we continue to improve our operating results, we may be able to achieve profitability ahead of current projections. Our revenue growth was again paced by our corporate sales, which are now nearly six times greater than they were a year ago. Selling customized data directly to major corporations and financial institutions is the largest and fastest growing of our three major revenue sources. If growth in this area continues as we expect, by the end of this year revenue from the sale of customized data will be larger than the revenue we generate from our three web sites combined."

KEY METRICS

• Over 75 significant corporate clients, compared to 20 one year ago.

• Over 86 million advertising impressions in the quarter, compared to 16 million one year ago.

• Over 435,000 registered users, compared to 147,000 one year ago.

• Over 16,000 individual paying subscribers, compared to 9,500 one year ago.

• Over $225,000 annualized revenue per employee, compared to $180,000 one year ago.

SECOND QUARTER HIGHLIGHTS

• Signed America Online, Inc. (NYSE: AOL) contract, replacing Disclosure, Inc. as the supplier of SEC and IPO content to AOL. Three-year financial content agreement makes EDGAR Online services available to the 23 million users of AOL’s Personal Finance Channel.

• Signed contract to supply Dun & Bradstreet with customized financial and executive compensation, information for use on Dun & Bradstreet's "D&B Million Dollar Directory" on the Internet.

• Signed contract with OneSource Information Services, Inc. to provide customized information for its Business Browser product line.

• Redesigned the edgar-online.com web site, introducing new content and improved navigation.

• Introduced three e-mail newsletters to improve communication with our users and to stimulate additional use of our web sites.
• Hired Lee Applebaum, co-inventor of Verity, Inc.'s concept-based approach to text retrieval, as its Director, Knowledge Management.

About EDGAR Online, Inc.

EDGAR Online, Inc. (http://www.edgar-online.com and http://www.freeedgar.com and http://www.ipo-express.com) is the leading business-to-business and Web-based provider of business, financial and competitive information derived from U.S. Securities and Exchange Commission data. Additional services include value-added functions like IPO Express, a service that provides easy-to-use, detailed information on IPO filings, pricings and performance, EDGAR Online People (http://www.edgar-online.com/people), a service that allows users to conduct research on corporate executive and directors, and EDGAR Online Personal, which provides real-time alerts, and other personalized advanced searches of SEC data.

Based in Norwalk, Connecticut, with offices in Kirkland, Washington and New York City, EDGAR Online, Inc. has over 75 business-to-business clients including Reuters (NASDAQ: RTRSY), Standard & Poor’s (NYSE: MHP) and ILX Systems as well as strategic relationships with over 250 portal, business and financial information Web sites including Yahoo! (NASDAQ: YHOO), America Online, Inc. (NYSE: AOL), Lycos, Inc. (NASDAQ: LCOS), Infoseek's GO Network (NASDAQ: SEEK), NBCi's SNAP (NASDAQ: CNET), Alta Vista, a CMGI Company (NASDAQ: CMGI), Infospace (NASDAQ: INSP), SmartMoney.com (NYSE: DJ), Business Wire, and MSNBC Microsoft (NASDAQ: MSFT) and NBC/General Electric (NYSE: GE). For more information, please visit the Company’s Web site at http://www.edgar-online.com/news.

Legal Notice Regarding Forward-Looking Statements:

“Forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. EDGAR Online, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by EDGAR Online, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the online business and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services and changes in our business strategies.

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