Data Sources
Last updated: February 2026
How THETA Accesses Data
THETA uses a combination of AI training data and live financial data APIs to generate reports. The AI model (Claude by Anthropic) provides the analytical framework and general knowledge, while live financial data is fetched from Financial Modeling Prep (FMP) at the time of report generation to provide current figures.
Training Data Sources
| Source Type | Examples | Notes |
|---|---|---|
| Regulatory filings | SEC 10-K, 10-Q, 8-K, proxy statements | US-listed companies primarily |
| Earnings materials | Transcripts, press releases, presentations | As publicly reported |
| Financial news | Major financial publications | Not real-time |
| Industry research | Publicly available industry reports | Coverage varies |
| Academic sources | Finance and economics research | Peer-reviewed where applicable |
What This Means in Practice
- Data freshness: The model's knowledge has a training cutoff date. It does not know about events, earnings, or price movements that occurred after its training data was compiled.
- No live prices: Stock prices, market caps, and financial ratios cited in reports are approximations based on training data, not real-time quotes.
- Coverage bias: The model has more training data for large, widely covered companies than for smaller or less-followed equities.
- Financial data API: Live financial data (stock quotes, financial statements, analyst estimates) is fetched from Financial Modeling Prep (FMP) at report generation time. THETA does not access Bloomberg, Refinitiv, FactSet, or S&P Capital IQ.
Accuracy and Verification
- We do not independently verify each financial data point in generated reports
- Numbers in reports should be treated as approximate
- Users should verify any specific data points against primary sources (e.g., SEC EDGAR, company investor relations pages)
- If you notice an error, please report it to miskiewicz.ventures@gmail.com
Third-Party Services
| Service | Purpose | Data Shared |
|---|---|---|
| Anthropic (Claude) | AI report generation | Company name input |
| Financial Modeling Prep (FMP) | Live financial data (quotes, statements, estimates) | Company name/ticker (server-side only, no personal data) |
| Supabase | Authentication & database | Email, account data, generated reports |
| Vercel | Website hosting | Server logs (IP, browser info) |