About & methodology
How Fisclear works
Fisclear turns company filings into plain-English stock reports: the key numbers, how they moved over the year, what looks risky, and how the company sits in today's economy. It covers US companies and listings across the UK, Europe, India, Japan, Hong Kong, Singapore, Malaysia, Australia and other markets. Reading reports is free.
Fisclear is operated by Reach Solutions FZE LLC, a company registered in the Sharjah Free Zone, UAE. Questions or corrections: connect@fisclear.com.
Where the numbers come from
US companies: the financial statements companies file with the SEC, read from EDGAR's XBRL data. Annual figures come from 10-K filings; the report is labelled with the latest 10-K or 10-Q. Where a company has changed how it tags a line item, Fisclear uses the most recent one it still files.
Banks: most banks don't file a single revenue total, so Fisclear uses total net revenue — net interest income plus non-interest income — which matches the total that banks such as JPMorgan, Bank of America and Goldman Sachs report.
Companies outside the US: annual financial statements from Yahoo Finance, shown in the currency the company reports in. That can differ from the trading currency: Rio Tinto and Shell trade in pence in London but report in US dollars, so their figures are shown in US dollars.
Prices and valuation: market data from Yahoo Finance. Macroeconomic data: the Federal Reserve's FRED database for the US, and national statistics agencies and central banks for other economies.
How a report is built
Every figure, highlight and risk flag is calculated by fixed rules from the data above — the same rules for every company. The In short summary at the top of a report is assembled from those figures too: the largest year-on-year moves (revenue, profit, earnings per share and cash flow first), margins, valuation and the most serious risk flag.
Before anything is quoted in a summary or share image, it has to pass plausibility checks. If a headline number can't be reconciled — for example a revenue figure years older than the filing it sits in — the summary is hidden and the report shows a data notice instead. Unusual but genuine numbers, like the deep losses of a pre-revenue biotech, are kept in the report but not quoted on their own.
Risk flags
Risk flags point at things worth a closer look. They are not ratings and not a recommendation. Banks and insurers are exempt from the cash-flow, leverage and liquidity rules, because deposits and policy reserves make those measures meaningless for them.
| Rule | Severity | Applies to |
|---|---|---|
| Revenue down more than 15% year on year | High | All companies |
| Revenue down 5–15% year on year | Medium | All companies |
| Revenue down two years in a row | High | All companies |
| Net loss in the latest year | High | All companies |
| Net income down more than 40% year on year | Medium | All companies |
| Negative operating cash flow | High | Not banks or insurers |
| Liabilities above 85% of assets (72–85%: medium) | High | Not banks or insurers |
| Current ratio below 1.0× (1.0–1.2×: medium) | High | Not banks or insurers |
| Gross margin down more than 6 points (3–6 points: low) | Medium | All companies |
| Trailing P/E above 80×, or negative | Medium | All companies |
| R&D above 25% of revenue | Low | All companies |
| Share price within 10% of its 52-week low | Medium | All companies |
| Share price near its 52-week high | Low | All companies |
FisclearScore
US reports include a FisclearScore from 0 to 100: a weighted blend of six engines, each scored from the company's filings, market data and sector benchmarks.
| Engine | Weight | What it measures |
|---|---|---|
| Quality | 20% | Profitability, margins and balance-sheet strength |
| Efficiency | 18% | How well the company turns assets and capital into profit |
| Value | 17% | What you pay for those earnings — P/E, P/B and related multiples |
| Cash flow | 17% | Free cash flow and how much profit turns into cash |
| Peers | 15% | How the company compares with its sector benchmarks |
| Regime | 13% | How well the business fits the current macroeconomic regime |
How often reports update
A daily job checks companies for new SEC filings on a rolling schedule and rebuilds a US report when a new 10-K or 10-Q appears. Reports for companies outside the US refresh monthly, so new annual results usually appear within a few weeks of publication. Every report shows the period it covers and when it was last updated.
If a company stops filing — because it was delisted, renamed or acquired — its last report stays available, clearly labelled with the period it covers and when it was last updated.
What Fisclear is not
Fisclear is for information and education. It is not investment advice, and nothing on the site is a recommendation to buy or sell anything. Data can be delayed, restated or wrong at the source; check the company's official filing before relying on a number, and consult a qualified adviser before investing. Full terms are in the terms of use.
Spotted a number that looks wrong? Email connect@fisclear.com with the ticker and we'll check it against the filing.