Where do we source the financial data?
Our primary source of financial data are national registries, from which we extract the historical financial results of companies and the respective filing documents.
The information from national registries might be insufficient due to limited disclosure requirements for certain geographies (e.g. US, Switzerland) or company size. In such cases, we go one step further and search the available financial estimates from all the reliable sources, such as investor pages, transaction press releases and news articles, to shed as much light on a company as possible.
How do our analysts work with financial data?
For curated company profiles, our intelligence team identifies the most relevant legal entity, which consolidates all the business operations.
We then process the raw financial data from the registries, checking for accuracy and addressing potential irregularities. This includes adjustments for non-recurring financial items or broken reporting periods. We also add recent estimates from reliable sources, which are depicted in blue.
To ensure data transparency, our team adds all the sources used and other relevant notes. You can see those on the app and in the excel exports (in-cell comments).
How do we make sure that our financial data stays up to date?
We update each company profile, including financial data available, at least once a year. Usually this coincides with the new financial reports becoming available in the national registries. Once that happens, our analysts are notified to prioritise the company update, accurately reflecting the latest financials as quickly as possible. In addition to that, we add any available data points following ownership changes or M&A transactions.
Do we provide financial data for listed companies?
Yes, we have historical financials, LTM/NTM results and forecasts for listed companies from a third-party provider.
What if the company has no financial data publicly available?
For companies with no financials figures available, our algorithm shows a revenue estimate based on:
- Latest number of employees
- Revenue/FTE ratio based on the business activity, growth rate and founding year, among other factors
In addition, you can use the revenue/FTE and operational profitability ratios from similar companies.
What's next?
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