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Data Freshness & Update Frequency

Different types of financial data update at different frequencies. Understanding these update cycles helps you interpret data correctly and know when to expect new information.

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Quick Reference

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Price Data Updates

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Real-Time Prices (Pro Users)

Pro subscribers receive continuous price updates during regular trading hours (9:30 AM - 4:00 PM ET, Monday-Friday excluding holidays). This includes last trade price, bid/ask prices, trading volume, and day’s high/low. Pre-market and after-hours data has limited visibility and may be delayed.

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Delayed Prices (Free Users)

Free users see prices with a 15-minute delay during market hours. Once the market closes, the final closing price is available without delay.

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Historical Prices

Available immediately for completed trading days, adjusted for splits and dividends. Generally available by evening of trade date.

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Financial Statement Updates

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Filing Timelines

Quarterly reports (10-Q): Filed 40-45 days after quarter end, depending on company size. Annual reports (10-K): Filed 60-90 days after fiscal year end, depending on company size. Rallies update timing: Data available within 24-48 hours of SEC filing.

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Important Distinction

Rallies financial statement data comes from SEC filings, not earnings announcements. Expect a gap between when earnings are announced and when detailed financials appear.

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Analyst Data Updates

Ratings and price targets: Update as analysts publish. Major companies see multiple updates per week; small caps may see rare updates. Consensus estimates: Rolling updates as individual analysts revise. EPS and revenue estimates recalculated automatically. Lag in our system: Usually same-day for major data providers; may take 1-2 days for all sources to sync.

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Insider Transaction Updates

Insiders must file SEC Form 4 within 2 business days of a transaction. Rallies displays this data within 24 hours of filing. Example timeline: You’re always seeing transactions after the fact — no way to know about them until filed.

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Institutional Ownership Updates

13F filings are due 45 days after quarter end: This data is always retrospective. When you see Q4 data in February, it shows holdings as of December 31 — positions may have changed significantly since then.

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Dividend & News Updates

Dividends: Information appears within 24 hours of company announcement. Dividend yield updates continuously as stock prices change. News: Updates continuously as stories are published. SEC filings appear within minutes; press releases within minutes to hours. We don’t track social media or message boards.

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Why Data Might Seem Stale

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Normal Delays

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Potential Issues

See Data Isn’t Loading or Updating for troubleshooting steps.

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Free vs. Pro Differences

The primary difference is price quote speed. Fundamental data updates identically for both tiers.

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Setting Expectations

What you can rely on:

• Real-time prices (Pro) during market hours
• Financial data within 48 hours of SEC filing
• Insider transactions within 24 hours of Form 4 filing
• Dividend announcements within 24 hours

What takes time:

• Institutional holdings — always 45+ days old
• Small cap analyst coverage — unpredictable timing
• International data — may lag US data

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Frequently Asked Questions

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Why is my price 15 minutes old?

You’re likely on the Free plan, which includes a 15-minute price delay. Upgrade to Pro for real-time prices.

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When will quarterly financials be updated?

Financials update after the company files with the SEC, not when they announce earnings. This can be days to weeks after the earnings call.

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Why does institutional ownership seem outdated?

13F filings are due 45 days after quarter end, so institutional data is always at least 6-7 weeks old. This is an SEC filing requirement, not a Rallies limitation.

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How quickly do analyst rating changes appear?

Usually same-day, but can take up to 1-2 days depending on the data source.

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Do prices update after hours?

Limited pre-market and after-hours data is available, depending on your plan and the stock’s extended-hours volume.

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Related Articles

• About Our Data Sources
• Data Coverage & Limitations
• Free vs. Premium Features
• Data Isn’t Loading or Updating