Coverage and data
Financial data coverage and where it comes from
What NeuraCap reads, how much of it there is, how often it changes, and — the part most data pages skip — which parts of an analysis are sourced, which are calculated and which are interpretation. How a figure is checked once it is in is set out in the methodology.
Scale
Six figures we can stand behind.
- 97.5%of figures confirmed against two independent sources
- 540,000+SEC filings processed, 2015 – 2026
- 40M+facts extracted from SEC EDGAR
- 4.1Manalyst estimates across 10,300 companies
- 208,000M&A transactions in the record
- 30,900earnings transcripts read
Source classes
Seven classes of evidence.
Consensus market estimates
Forward revenue, EBITDA and EPS expectations. This is what the market already believes, which is the benchmark any valuation has to argue with rather than ignore.
Refreshes: Revised continuously by contributing analysts; revisions cluster around earnings.
M&A deals
The transaction record behind precedent analysis: who bought whom, on what terms, and at what implied multiple where terms were disclosed.
Refreshes: Added as transactions are announced and as terms become public.
Public comparables
The peer set. Trading multiples, margins and growth for listed companies in the same business, used for benchmarking and for the comparable-companies range.
Refreshes: Prices move with the market; the fundamentals beneath them move with each period.
SEC data
Filed fundamentals for US-listed companies. This is the audited base layer that the rest of the analysis is measured against, and the reason the figures can be traced.
Refreshes: With each filing: annual, quarterly, and same-day for material events.
Earnings transcripts
Management's own account of the period: guidance language, how KPIs are defined, and which questions analysts chose to ask.
Refreshes: Each earnings call, so quarterly for most companies.
Press releases
Announcements that move a story before they reach a filing: deals, contract wins, capital raises, leadership changes.
Refreshes: As issued.
Broker research
Sell-side framing. How professional analysts model the sector, and where their assumptions differ from one another.
Refreshes: As published.
Provenance
Four layers, kept apart on purpose.
| Layer | What it is | Where it comes from | How it is labelled |
|---|---|---|---|
| Sourced data | Figures published by someone else and read by NeuraCap. | Public-company fundamentals from SEC EDGAR filings where applicable; consensus estimates for revenue, EBITDA and EPS; market price data; a structured record of M&A transactions. | Attributed to its source class on the sources page that accompanies the report. |
| User-provided data | Private-company financials and operating detail that you supply. | Your own upload or entry, enriched with matched public context such as peers, sector multiples and comparable transactions. | Held as your input. It is never represented as independently filed or audited data. |
| Calculated metrics | Multiples, medians, percentiles, growth rates and valuation ranges. | Computed by NeuraCap from the two layers above. Nothing in this layer is sourced; all of it is derived. | Presented as calculated, with the inputs it was derived from identifiable. |
| AI interpretation | The narrative reading: what the pattern in the numbers appears to indicate. | AI-assisted analysis of the layers above, reviewed against the same evidence the reader can see. | Written in calibrated language — NeuraCap reads — never as asserted causation. |
The rule behind the table is short enough to state in one line: NeuraCap does not claim that every figure is SEC-derived. Public-company fundamentals come from SEC EDGAR filings where applicable. Forward expectations come from consensus. Prices come from market data. The deal record comes from a structured transaction database. Private-company inputs come from you.
Everything in the third layer — every multiple, median, percentile and range — is calculated by NeuraCap. It is only as good as the inputs and the exclusions behind it, which is why the plausibility gates and exclusions are published rather than buried. Everything in the fourth layer is a reading, and reads as one.
Why it is stated by category
A per-figure provenance badge sounds stronger and is usually false, because a single displayed number can combine a filed figure, an estimate and an adjustment. Stating provenance per category is a claim that holds for every figure in it.
Refresh
How often the picture changes.
Bi-weekly, by sector
Industry events and M&A updates run on a two-week cycle across the sectors NeuraCap covers: what moved, what companies announced, and what changed in the transaction record.
Monthly, for public companies
A public company's valuation and strategic insights report is rebuilt monthly, so the peer set, the multiples and the estimate base reflect the most recent period rather than the last time someone looked.
On demand, for private companies
Private-company evaluation runs when you bring the financials. There is no reporting calendar to wait for, and no requirement that the business be listed or covered by an analyst.
What it becomes
Coverage only counts if it is published.
Reports library
Industry sector outlooks and bi-weekly events and M&A updates, published in full and free to read. No email gate.
Public company analysis
Comparable companies and KPI benchmarking built on the filed fundamentals, consensus estimates and market data described above.
Private company evaluation
Where the user-provided layer comes in: your financials, enriched with the peer set and transaction record a private business normally cannot see.
For how the transaction record is used in precedent analysis, see M&A intelligence. For how your own uploads are stored and who can see them, see security and data handling.
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