> ## Documentation Index
> Fetch the complete documentation index at: https://support.rallies.ai/llms.txt
> Use this file to discover all available pages before exploring further.

# Rallies.ai Financial Data Sources

> Learn where Rallies.ai gets its financial data including real-time stock prices, financial statements, analyst ratings, SEC filings, and institutional holdings. Understand data quality and update frequency.

# About Our Data Sources

Transparency matters. This article explains where Rallies gets its financial data, how often it updates, and what you should know about data quality and limitations.

## Our Data Philosophy

We believe in:

* **Professional-grade data** — The same quality institutional investors use
* **Transparency** — You should know where information comes from
* **Accuracy over speed** — We verify data quality, not just delivery speed
* **Clear limitations** — We tell you what we don't know

## Data Categories and Sources

### Stock Prices

**What:** Real-time and historical price data for stocks and ETFs

**Sources:** We aggregate from major market data providers that connect directly to US exchanges (NYSE, NASDAQ, etc.)

**Update frequency:**

* Pro: Real-time during market hours
* Free: 15-minute delayed

**Coverage:** US stocks, major ETFs, and select international securities

### Financial Statements

**What:** Income statements, balance sheets, and cash flow statements

**Sources:**

* SEC EDGAR filings (10-K, 10-Q, 8-K)
* Professional financial data providers
* Company investor relations disclosures

**Update frequency:** When companies report (typically quarterly)

**Coverage:** All US public companies required to file with SEC

### Analyst Ratings & Estimates

**What:** Buy/sell ratings, price targets, and earnings estimates

**Sources:** Aggregated from major sell-side research providers

**Update frequency:** As analysts publish (varies by coverage)

**Coverage:** Varies by stock—large caps have more coverage than small caps

### Insider Transactions

**What:** Buying and selling by company executives and directors

**Sources:** SEC Form 4 filings

**Update frequency:** As filed (within 2 business days of transaction)

**Coverage:** All US public companies

### Institutional Ownership

**What:** Which institutions own shares and how much

**Sources:** SEC 13F filings

**Update frequency:** Quarterly (filings are due 45 days after quarter end)

**Coverage:** Institutions managing \$100M+ must file

### Company Information

**What:** Business descriptions, sector classifications, employee counts, headquarters

**Sources:** SEC filings, company websites, professional data providers

**Update frequency:** As changes occur (typically verified quarterly)

**Coverage:** All US public companies

### News

**What:** Headlines and articles about companies and markets

**Sources:** Major financial news providers, press releases, SEC filings

**Update frequency:** Continuous

**Coverage:** Varies by company prominence

### Dividends

**What:** Dividend amounts, dates, yields, and history

**Sources:** Company announcements, SEC filings, exchange data

**Update frequency:** As declared and paid

**Coverage:** All dividend-paying US stocks

## Data Freshness

| Data Type              | How Fresh                           |
| ---------------------- | ----------------------------------- |
| Stock prices (Pro)     | Real-time                           |
| Stock prices (Free)    | 15-minute delay                     |
| Financials             | Most recent quarterly/annual report |
| Analyst ratings        | As published (often same day)       |
| Insider trades         | 1-2 days after filing               |
| Institutional holdings | Quarterly (with 45-day lag)         |
| News                   | Continuous                          |
| Dividends              | As announced                        |

## Data Quality

### What We Do to Ensure Accuracy

* **Multiple source verification** — Cross-check data across providers
* **Automated validation** — Flag anomalies and outliers
* **Regular audits** — Periodically verify against primary sources
* **User feedback integration** — Investigate reported discrepancies

### Known Limitations

Despite our efforts, be aware:

* **Data can have errors** — No data provider is perfect
* **Timing gaps exist** — There's always some delay between events and data
* **Coverage varies** — Small caps and international stocks have less data
* **Estimates are estimates** — Analyst projections are opinions, not facts
* **Historical data changes** — Companies restate financials; we update accordingly

## Free vs. Pro Data

| Data Feature         | Free           | Pro       |
| -------------------- | -------------- | --------- |
| Price quotes         | 15-min delayed | Real-time |
| Historical prices    | ✓              | ✓         |
| Financial statements | ✓              | ✓         |
| Analyst ratings      | ✓              | ✓         |
| Insider transactions | ✓              | ✓         |
| News                 | ✓              | ✓         |
| Deep Research data   | Limited        | Full      |

The underlying data is the same—Pro provides faster price updates and fuller access to advanced features.

## AI and Data

### How the AI Uses Data

The AI Research Assistant pulls from our data sources to answer your questions. When you ask about a stock:

1. AI identifies what data is relevant
2. Retrieves current information from our databases
3. Synthesizes and explains it in natural language

### AI Data Limitations

The AI's knowledge is only as good as our data:

* If data is delayed, AI answers reflect that delay
* If coverage is limited, AI will indicate that
* AI may occasionally misinterpret or miscalculate—always verify important decisions

[Understanding AI limitations →](/ai-assistant/limitations)

## Verifying Data

For important decisions, we recommend verifying with primary sources:

### SEC EDGAR

[sec.gov/edgar](https://www.sec.gov/edgar/searchedgar/companysearch.html)
Official source for all SEC filings—financials, insider trades, institutional holdings

### Company Investor Relations

Most public companies have an IR website with earnings releases, presentations, and filings

### Your Brokerage

For real-time prices and your account data, your brokerage is the authoritative source

## Reporting Data Issues

If you spot data that seems wrong:

1. **Double-check the source** — Verify against SEC or company IR
2. **Consider timing** — Data might not have updated yet
3. **Report to us** — [Contact support](/support/contact) with:
   * The ticker symbol
   * What data point seems wrong
   * What you believe the correct value is
   * Your source for the correct value

We investigate all reported discrepancies and correct confirmed errors.

## Data We Don't Have

To set expectations, here's what we don't provide:

* **Pre-market/after-hours prices** — Limited display of extended hours data
* **Level 2 quotes** — We show best bid/ask, not full order book
* **Options data** — Limited options coverage
* **Futures/commodities** — Not currently covered
* **Forex** — Not currently covered
* **Crypto** — Not currently covered
* **Private company data** — Only public companies
* **Real-time news sentiment** — News is shown but not scored in real-time

## Third-Party Data Attribution

Our data comes from professional financial data providers. While we don't publicly list all vendor names, our sources include:

* Direct exchange feeds
* Major financial data aggregators
* SEC filing databases
* News wire services

All data is used in accordance with licensing agreements and redistribution rights.

***

## Frequently Asked Questions

### Where do stock prices come from?

From market data providers connected to US exchanges. Pro users get real-time feeds; Free users get 15-minute delayed data.

### How accurate is the financial data?

We source from professional-grade providers and verify against SEC filings. Accuracy is high, but no data source is perfect—verify important figures with primary sources.

### Why might data differ from other sites?

Different providers, different update timing, different calculation methodologies. Small variations are normal; large discrepancies should be investigated.

### Can I request data you don't currently have?

Yes! [Send us feedback](/support/feedback) about data you'd like to see. We regularly expand coverage based on user requests.

### Is international stock data available?

We have coverage of select international securities, but US stocks have the most comprehensive data. Coverage is expanding over time.

***

## Related Articles

* [Data Coverage & Limitations](/data/coverage)
* [Understanding AI Limitations](/ai-assistant/limitations)
* [Understanding Stock Pages](/research/stock-pages)
* [Data Isn't Loading or Updating](/troubleshooting/data-not-updating)