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What Outcome RL Buys: Finishing, Reliability, Rarely Reach

Shan Yang

Outcome RL raises pass@1 but not pass@k at large k (Yue et al., 2025). But every pass@1 is scored under a token budget. Every recipe also trains under one. On physics and math problems at fixed token budgets, we compare the pass@1 of 20 released RL models (1.5B to 32B) with that of the thinking models they started from. We ask whether each pass@1 gain is changed behaviour or new knowledge. We divide each change in pass@1 into three parts. Finishing measures answering before the budget runs out. Reliability measures being right once finished. Reach measures problems RL solves that its base answered wrongly in all eight tries, minus problems the base solves that RL answered wrongly in all eight. We find four things. (1) Where the base often hits the token budget before answering, most of the change, gain or loss, is finishing (82% at 4k and 8k). Given more tokens, the base closes most of the finishing gap itself. (2) Where the base has enough tokens, the gain is reliability: the RL model is graded right more often, even on problems both finish. (3) By our definition, RL rarely solves what its base cannot. Reach adds at most 2.1 percentage points on any of our four physics and math sets. We checked 144 physics problems that only the RL model solved. Of these, 3.5% hold up when resampled or read. In a random sample, nine of ten new RL steps a human confirmed also appear in the base's samples. (4) In a small-scale RL run on an 8B model, the gain on new problems is finishing, with reliability flat. Supplying each problem's physical setup was not shown to improve on plain RL.

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MultiFinBen: Benchmarking Large Language Models for Multilingual and Multimodal Financial Application

Xueqing Peng Yale University, Lingfei Qian Yale University, Yan Wang Yale University, Ruoyu Xiang, Yueru He Columbia University, Yang Ren Yale University, Mingyang Jiang, Vincent Jim Zhang 等 47 位作者

Real-world financial analysis involves information across multiple languages and modalities, from reports and news to scanned filings and meeting recordings. Yet most existing evaluations of LLMs in finance remain text-only, monolingual, and largely saturated by current models. To bridge these gaps, we present MultiFinBen, the first expert-annotated multilingual (five languages) and multimodal (text, vision, audio) benchmark for evaluating LLMs in realistic financial contexts. MultiFinBen introduces two new task families: multilingual financial reasoning, which tests cross-lingual evidence integration from filings and news, and financial OCR, which extracts structured text from scanned documents containing tables and charts. Rather than aggregating all available datasets, we apply a structured, difficulty-aware selection based on advanced model performance, ensuring balanced challenge and removing redundant tasks. Evaluating 21 leading LLMs shows that even frontier multimodal models like GPT-4o achieve only 46.01% overall, stronger on vision and audio but dropping sharply in multilingual settings. These findings expose persistent limitations in multilingual, multimodal, and expert-level financial reasoning. All datasets, evaluation scripts, and leaderboards are publicly released.

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Proceedings of the 64th Annual Meeting of the Association for Computational Linguistics (Volume 1: Long Papers) · 2026 · 正式发表