> ## 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. # Data Freshness & Update Frequency > Learn how often different types of data are updated in Rallies, from real-time prices to quarterly filings, and what affects data timeliness. # 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. ## Quick Reference | Data Type | Update Frequency | Notes | | ----------------------- | ---------------- | -------------------------- | | Stock prices (Pro) | Real-time | During market hours | | Stock prices (Free) | 15-minute delay | During market hours | | Trading volume | Real-time | During market hours | | Financial statements | Quarterly | After SEC filing | | Analyst ratings | As published | Varies by analyst | | Earnings estimates | Ongoing | Updated as analysts revise | | Insider transactions | 1-2 days | After SEC Form 4 filing | | Institutional ownership | Quarterly | 45-day filing delay | | Dividends | As announced | When declared by company | | News | Continuous | As stories are published | | Company information | Periodic | When changes occur | ## Price Data Updates ### 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. ### 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. ### Historical Prices Available immediately for completed trading days, adjusted for splits and dividends. Generally available by evening of trade date. ## Financial Statement Updates ### 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. ### Important Distinction | Event | When | What You Get | | ---------------------- | ------------------- | ------------------------- | | Earnings announcement | Press release | Headlines, key numbers | | Earnings call | Same day | Context, guidance | | SEC filing (10-Q/10-K) | Days to weeks later | Full financial statements | Rallies financial statement data comes from SEC filings, not earnings announcements. Expect a gap between when earnings are announced and when detailed financials appear. ## 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. ## 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:** | Day | Event | | --------- | ------------------------------ | | Monday | CEO sells 10,000 shares | | Wednesday | Form 4 filed with SEC | | Thursday | Transaction appears in Rallies | You're always seeing transactions after the fact — no way to know about them until filed. ## Institutional Ownership Updates 13F filings are due 45 days after quarter end: | Quarter End | Filing Deadline | Data Available | | ------------ | --------------- | -------------- | | March 31 | May 15 | Mid-May | | June 30 | August 14 | Mid-August | | September 30 | November 14 | Mid-November | | December 31 | February 14 | Mid-February | 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. ## 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. ## Why Data Might Seem Stale ### Normal Delays | Situation | Expected? | | -------------------------------------------- | ------------------------------- | | Financials don't match earnings announcement | Yes — wait for SEC filing | | Institutional holdings seem old | Yes — quarterly with 45-day lag | | No recent analyst updates for small cap | Yes — limited coverage | | Price unchanged outside market hours | Yes — market is closed | ### Potential Issues | Situation | Action | | ---------------------------------------- | --------------------------- | | Price stuck during market hours | Refresh, check connectivity | | Filing is weeks old but data not updated | Report to support | | Obvious data error | Report to support | See [Data Isn't Loading or Updating](/troubleshooting/data-not-updating) for troubleshooting steps. ## Free vs. Pro Differences | Data Type | Free | Pro | | -------------- | --------------- | --------- | | Price quotes | 15-minute delay | Real-time | | All other data | Same | Same | The primary difference is price quote speed. Fundamental data updates identically for both tiers. ## 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 *** ## Frequently Asked Questions ### 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. ### 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. ### 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. ### How quickly do analyst rating changes appear? Usually same-day, but can take up to 1-2 days depending on the data source. ### 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. *** ## Related Articles * [About Our Data Sources](/data/data-sources) * [Data Coverage & Limitations](/data/coverage) * [Free vs. Premium Features](/billing/free-vs-premium) * [Data Isn't Loading or Updating](/troubleshooting/data-not-updating)