Data sources and methodology

Times are UTC. A scheduled run can skip when the database is busy; the next run picks up the work.

Prices are not real-time and are never labeled live. Each quote carries the time it was stored, and the label follows that time:

• Delayed · as of 10:15 AM ET: the quote was stored during the regular US session (9:30 AM to 4:00 PM ET, weekdays), so it lags the market by up to the time since the last price sync.
• At close · Sep 29, 2026: the quote was stored outside the regular session, so it is the closing price of the named trading day.

A quote without a stored time shows no label.

Income statements, balance sheets and cash flow statements are parsed from the XBRL data companies file with the SEC (US-GAAP tags). Annual figures come from 10-K filings and quarterly figures from 10-Q filings; each figure keeps its fiscal period. We do not estimate or fill in figures a company did not report.

A beat or miss always compares an actual with an estimate on the same basis, both from the earnings calendar: reported EPS against the EPS estimate, and reported revenue against the revenue estimate (when the calendar has no revenue actual, the revenue from the SEC filing is used).

• Surprise = actual minus estimate; the percentage is that difference divided by the absolute estimate.
• Equal values are “met”. A zero estimate gets no percentage.
• Each quarter from a 10-Q is matched to the first earnings report within 75 days after its period end. Fiscal fourth quarters are reported in the 10-K, so they appear as calendar reports.
• The diluted GAAP EPS from the filing is shown next to it but is not used for beat or miss: estimates are usually quoted on an adjusted basis.

Insider flow counts only open-market purchases (Form 4 code P) and open-market sales (code S) over the last 90 days. Grants, option exercises, gifts, tax withholding and other codes are left out of the buy and sell totals. One insider’s lines with the same code on the same day count as one trade, and net value is buy value minus sell value.

Managers with more than $100 million in reportable US equities file Form 13F-HR once a quarter, up to 45 days after the quarter ends. A 13F therefore shows positions as of the quarter end, not today, and lists long positions only.

Lician reads recently published 13F filings a few filers at a time and caches the filers it has processed, so a company’s holder list covers the cached filers, not every manager. Quarter-over-quarter changes appear only when the prior quarter of the same filer is cached. See also the 13F guide.

Chat answers are written by Qwen3 30B, an open-weight model, running on Cloudflare Workers AI. The model looks up figures through tools that read Lician’s data, and it is instructed to give each number with its date or period and to say when data is missing. It can still be wrong: check important figures against the filing or the data pages before you rely on them.

Lician publishes data and analysis for information only. Nothing on this site is investment, tax or legal advice, or a recommendation to buy or sell a security. Read the full disclaimer.

If a figure looks wrong, email legal@lician.com with the page address and the figure. Lician is operated by Distinct Systems i Sverige AB, org.nr 556335-1260, Per Hans Väg 7, 436 50 Hovås.