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Changelog · What we’ve shipped

Product changelog.

Every new feature, improvement and fix that has shaped the terminal — newest first. This is a tool that is actively built, and this page is the honest record of it.

v2.12

Reverse DCF: what today’s price already assumes.

New

Reverse DCF, beside the four methods

A normal valuation guesses the growth and works out a price; a reverse DCF goes the other way. The Intrinsic Value tab now tries growth rates in the Advanced DCF until it lands exactly on today’s price, then sets that growth beside the revenue growth the company has actually delivered over three, five and ten years. A slider asks what the share is worth at the growth you expect instead, and a ladder shows how the answer moves if the share were 20% cheaper or dearer. It is a sixth view of the tab rather than a fifth method, and part of Ultimate with the rest of it.

Improved

The overview charts the methods that fit best

The Intrinsic Value overview now draws only the methods that fit the company best. Every other method is listed under the chart with the reason it was set aside and a link to its own page, instead of a bar you would have had to discount in your head.

Improved

Graham’s growth chart labels the case in force

The chart of what the price assumes on the Ben Graham page labels the scenario you are reading; the other points are labelled on hover or tap, so three overlapping labels no longer hide the figures.

Fixed

A company no source covers says so

For a company none of our data sources files statements for — some foreign filers and funds — the page used to say the data was still loading, forever. It now says the statements are not available, keeps everything that can be computed without them, and stops retrying.

v2.11

The company page in one read, and statements you can see.

Improved

Summary answers three questions in one pass

The Summary tab is now six rows in a fixed order: the price, then the Quality Score, the intrinsic value and the fair value side by side, then the key metrics, the growth trend beside the earnings and dividend calendar, what you hold and have written about the company, and the latest news. A row with nothing to show still holds its place, so the page reads the same way for every company.

Improved

Financials as charts with the statement underneath

The Financials tab is redrawn as blocks — a chart, its legend and the statement rows behind it — annual or quarterly, so a trend is seen before it is read. A new block breaks revenue down by product, segment and geography where the company reports it.

New

Your own trades on the price chart

The price curve on a company you hold marks your own buys and sells on the days you made them.

Improved

Insider trades are free everywhere

Insider buys and sells now count in the portfolio digest and in a thesis’s review count on every plan. What Ultimate adds to the digest is the reading — the ranking and the reason each item matters.

Improved

Shorter windows on the performance chart

The performance chart on the analytics board takes 1M, 3M, 6M and YTD as well as the longer windows, and the dashboard’s gains 6M.

v2.10

Compare becomes a chart: up to five companies, four metrics, real time.

Breaking

Compare is a chart builder

Compare used to put two companies in one table. It now charts up to five companies on up to four metrics — price and total return, revenue and margins, cash flow, balance-sheet items, returns on capital, valuation multiples and dividends — on a real time axis, with a table of the latest values underneath. A free account charts one company on one metric over five years; comparing companies is part of Ultimate.

New

Two metrics share a chart, more split into panels

Two metrics are drawn on one chart with an axis each; a third splits the canvas into a panel per metric. Each company keeps one colour on every panel, and statement figures sit on each company’s own fiscal dates.

New

The chart is a link, and an image

The whole chart lives in its address, so it can be bookmarked or sent. Export draws it as a PNG in three shapes and either theme.

v2.9

The screener rebuilt: live filters over one catalogue, and screens you can save.

Breaking

The screener is part of Ultimate

The screener is no longer a free screen capped at the top twenty matches. Both of those ceilings are gone with the cap: on Ultimate the whole result set pages, and you can keep as many saved screens as you like. Every new account still gets seven days of it without a card, and a free account sees what the screen does and what it costs rather than a blurred table of invented figures.

New

Every filter, unit and threshold comes from the catalogue

The metrics, their categories, their units, their presets and the values each list actually holds are read from the server, counted from the night’s snapshot — nothing about a metric is typed into the screener any more. A metric added on the backend appears here as a filter, as a column and inside its category tab with no release of the app at all.

New

Filters are live, and there is no Run button

A bar of filter pills sits over the results and the table redraws a moment after you stop typing. The previous answer stays on screen — dimmed — until the next one lands, instead of blanking; a refused question leaves the table standing and says so above it.

New

The whole screen is its address

Filters, columns, sort, page and page size all live in the URL, so a screen can be bookmarked and sent to somebody exactly as you saw it. A value equal to its default is left out, so the link says what you changed and nothing else, and a typed bound replaces the history entry instead of adding one — Back walks through filter changes, not through digits.

New

Ten Lemma screens, and your own on top of them

A Screens menu offers ten curated starting points and the screens you save yourself. Loading one writes its filters, its columns and its sort into the address in full, so a link keeps opening on what the sender saw even after the screen behind it moves. A curated screen cannot be overwritten — it offers Save as new; your own offer Save and Save as new, and only while something has actually changed.

New

Pick rows, compare them, add them to a watchlist

Checkboxes in the first column survive paging and filter changes, and the action bar names the companies it is holding rather than only counting them. Two picks open the comparison; any other count says in words why it cannot. Adding to a watchlist writes straight into the list you choose, and a company already on it counts as done rather than as a failure.

Improved

A company you hold is marked, never filtered

Held and watched companies carry a marker beside the name and are otherwise drawn exactly where any other row is — never hidden, never reordered, never tinted. The screener is asked which companies pass; “I already own this” is a footnote on that answer.

Improved

A missing figure and a meaningless one are different claims

A metric we do not collect for a company is a dash; one that cannot mean anything there — a P/E on a loss-making quarter — reads n/m, and each carries its own explanation. Neither is ever drawn as a zero. The only colour a cell takes is red, for a negative value of a metric where higher is better.

Improved

On a phone the filters collapse into a sheet

Below 768px the pill bar becomes one Filters button over a full-height sheet, and the metric picker goes full-screen beside it. Nothing is staged and there is no Apply — the sheet writes as you move a bound, and its sticky foot counts the matches, which is the one thing you cannot see while the table is covered.

Improved

The public pages say what the screener actually screens

“A free screener over 100,000+ companies” was wrong in every word at once. The landing page, the eleven sector pages and the help article now state the rule instead of a number nobody could check: every US-listed company and ADR above $300M in market cap, rebuilt once a day after the close.

Improved

What the search box covers is a rule as well

The same unmeasured “100,000+ tickers” sat on the landing hero and inside the search box itself. Both now say what is true by construction: every stock, ADR and ETF listed on NASDAQ or NYSE, refreshed nightly. The claim about how far the financial statements go back was measured and replaced the same way.

Fixed

A thesis with no spaces in it no longer stretches the dialog

A single unbroken run of characters in a journal note pushed the dialog sideways and took the buttons off the screen with it. Long words now wrap.

v2.8

Intrinsic value: four methods on one axis, and a library to start from.

New

Four valuation methods, drawn on one axis

The company page has an Intrinsic Value tab, and it answers four times: an advanced DCF, a simple DCF, Graham’s formula and a dividend discount model. Each is a row on one football-field chart with today’s price as a single vertical line through all of them, so a method’s bear-to-bull range is read against the price and against its neighbours at a glance.

New

No blended number, and the reason is written on the page

There is deliberately no average of the four: they are four different questions, and one figure over them would hide which of them this company even suits. What is stated instead is the fit — which methods apply, which one leads, and the reason beside each one that was set aside.

New

A calculator behind every method

Open a method and the assumptions are pinned beside the live result, with Bear, Base and Bull switching at no cost — every scenario arrives already computed. Your edits ride in the address in the units you type, so a valuation is a link you can send; an untouched assumption stays out of it and keeps following the company’s own default.

New

Send a valuation to a watchlist

Set price target writes the valuation itself, never a buy price: a watchlist applies its own margin of safety to whatever it holds, so a figure discounted first would have the discount taken twice. From the dividend model it also carries the yield that valuation implies.

New

A library for when no company is in mind yet

Four rails over a nightly pass across the four models — Below base, Megacaps, Dividend aristocrats and Above base — each row a mini range bar on one shared scale relative to its own price. It says out loud that every upside was measured against the snapshot’s close rather than today’s, and it is where the calculator now starts.

Breaking

The standalone DCF tool has been replaced

The old single-model calculator is gone, and its address now lands on the library — carrying the company it named, if it named one. Two discounted cash flows with different formulas gave two “fair” answers for one ticker, which is exactly what the four methods were built to replace. The free plan’s three-companies-a-day count went with it: the four models are a capability, not a daily ration.

Improved

The Valuation tab is now Intrinsic Value

Valuation beside Fair Value was two synonyms, and a reader could not guess which of the neighbours held discounted cash flows and which held multiples. The old address redirects, carrying the query and the hash across, so a link already sent out still lands where it meant to.

Improved

The summary card is the lead method, not a fifth answer

The intrinsic-value card on a company’s summary now draws the leading method’s base case and the verdict against today’s price, taken from the tab’s own answer. A company page running its own DCF beside a tab running four was two answers to one question with nothing saying which to believe.

v2.7

Fair Value: seven lenses on what the market has actually paid for this company.

New

A Fair Value tab, on seven lenses

Earnings, dividend yield, free cash flow, operating cash flow, revenue, EBITDA and book value — each one asked the same question: what would this company be worth at the multiple its own history says is normal? A lens the company cannot be read through keeps its place with the reason beside it, rather than quietly vanishing.

New

The tab opens on the blend, not on a lens

The first thing on the tab is the answer across the lenses that apply: the median implied fair value, the mean beside it, the upside against today’s price and the spread in words. Untick a lens you do not believe in and the headline moves at once, with no request and no reload.

New

Type your own multiple and the page follows it

The target multiple is a box, on a lens page and on every row of the blend. Type 22 into the earnings lens and the implied fair value, the shaded gap against the price history and the blend above it all redraw on the spot. It lives in the address too, so an assertion about a company is a link.

New

A lens page, whole

One lens drawn in five blocks: the verdict and the formula in plain sight, the price against fair value with the gap shaded both ways, the statistics, what the denominator has been doing — and the multiple’s own history with its quantiles and its distribution, today’s bucket marked.

Improved

A verdict never appears without the window it was judged over

Good Entry means nothing until you know it is Good Entry over ten years — and a company with four years of history answers a ten-year window with what it has. The window is drawn beside the verdict everywhere, and under a multiple you typed yourself the verdict goes dark rather than being relabelled: a percentile against your own wish is a compliment, not a measurement.

Improved

The window has a base and a tail

Change it in the blend and all seven lenses move together, because a median across lenses judged over different histories is a median of figures that cannot be compared. Change it on a lens page and that lens alone moves, with the rail beside it re-read from the same answer so that one screen never carries two verdicts for one lens.

Improved

Ultimate only, and a free account is asked for nothing

Fair Value is an Ultimate capability, and the branch is taken before any request: on a free plan the tab draws what the feature is and what it costs, with no company figures anywhere under it. Nothing readable sits behind a blur, because a plausible number under a real ticker is an investment claim we never made.

v2.6

A public feedback page, and a sign-in that brings you back where you were.

New

A public feedback page

/feedback is the conversation itself: read what other people have asked without an account, and write if you have one. A person reads every message before it appears, and a refusal says on which ground and reaches the author by mail — not a form that swallows what you wrote.

New

Reply, edit, delete — and decide whether your name is on it

The byline switch flips in both directions at any time and does not send the message back to the queue: how a message is shown is not a change to what it says. Editing a published message does return it for review, and the page says so before the button rather than after it.

Improved

Signing in returns you to the screen that asked

Asked to sign in on the way to a screen, you now land on that screen rather than on the dashboard — the query and the anchor included, so a filtered news link comes back filtered. A destination that would leave our own domain is refused and falls back to the dashboard.

Improved

The privacy policy and the subprocessor list are generated

Both pages are now rendered from one source shared with the backend, so the two can no longer drift apart — which is how a retired checkbox once survived on the policy after it had gone from the product. The feedback page has its own category there, on consent, and deleting your account deletes those messages rather than renaming them to Anonymous. The Terms gained the clause that goes with it.

Improved

Every figure on the portfolio summary says what it means

The headline numbers on the portfolio each carry a sentence explaining what they measure, from one dictionary rather than from the card that happens to draw them.

Fixed

A link in the news feed is checked before it is followed

Headlines and filings come from publishers, and an address that is not plain http or https is now read as no address at all: the title stays plain text instead of becoming something clickable we did not vouch for.

v2.5

One view over every portfolio, and the switcher that chooses it.

New

The combined portfolio

Every portfolio read as one, in a single currency: the holdings, the value curve, the risk board, the calendars, the dividends, the drift and the news digest all answer about the whole capital. It is read-only by design — every write control is absent rather than disabled — and a transaction row names the portfolio it belongs to and links to it, which is the whole answer to “where do I change this”.

New

The portfolio you are looking at is chosen in the header

One menu in the top bar over the combined view, your portfolios and Manage portfolios. It used to be a hover menu hanging off the Portfolio tab, which read as part of navigation and did not exist on a phone at all. Choosing a portfolio now leaves you on the screen you were reading instead of navigating away from it.

New

Choose what combines, and in what currency

Each portfolio carries a switch for whether it takes part in the combined view, and the account has a display currency of its own in Settings — with Auto naming what it resolves to rather than leaving you to guess.

New

Insider trade alerts by email

A same-day mail when a Form 4 lands on a company you hold, opt-in in Settings beside the Monday digest. The unsubscribe link names which of the two mails it is about and promises only that the other setting was left alone — and it asks before it posts, so a corporate mail scanner opening the link cannot unsubscribe you.

Improved

A connected broker says when it will next run

The row counts down to the next automatic sync and says what that sync will not contain: a statement written after the close does not carry the trade you entered this afternoon. Where a broker issues a key that expires, the date is collected and warned about a month ahead, as a chip beside the state rather than folded into it.

Improved

A broker key is masked without being a password

Chrome read the API key field as a login and offered to file a Trading 212 key in the password manager — then filled the account email into the header search box. The credential fields are masked text now, in a form the browser does not group with anything else.

Improved

The correlation matrix sizes its own cells

Six positions drew a postage stamp in the corner of the card and thirty pushed it into horizontal scroll. The grid now measures the card it is in; past the point where a figure stops being readable it draws the most connected companies, says how many of how many it is showing, and opens the whole matrix in a dialog.

Improved

The year so far is a window on all three charts

Price, portfolio value and performance all offer the year to date, which on a portfolio built up through the year is the window most often actually wanted.

Fixed

The app fits a 360px phone

On the width of a mid-range Android the landing header clipped its call to action, headline figures were sliced by their own tiles, the cookie strip sat under the tab bar, the Google button was drawn at the wrong width, and the top bar painted the portfolio name over the plan badge — “Free” read as “ree”. All of it now fits, and the plan moved into the account menu rather than being squeezed.

Fixed

A free share delivery reaches the import

A transferred-in or bonus share priced at zero was dropped on the way to the commit request; a zero price is a buy’s own business and now goes through.

Fixed

A chart’s hover belongs to the series it was measured on

With two series drawn together, the readout under the cursor could quote the other one.

v2.4

The company page rebuilt as five tabs, opening with your own thesis.

New

The company page is five tabs

Summary, Financials, Valuation, Quality and News are now five pages under one address each, so a tab can be bookmarked and shared. The company name, price and day change stay pinned above the tabs as you scroll, and the ten-year statements moved off the summary whole, onto a Financials tab of their own.

Improved

Summary opens with your thesis

The summary is six full-width bands in one order: your thesis, the price, the key metrics, the quality score, the intrinsic value and the latest five headlines. The quality and valuation cards are a summary of their tab, not a second copy of it, and each carries one link into the tab it stands for.

New

Twenty-one key metrics in one band

Valuation, growth and returns, balance and risk — seven figures each, every one with a sentence explaining what it measures and, where an article exists, a link into the glossary. A change is a coloured chip, a figure we do not have is a dash, never a zero.

Improved

The price card leads with the return it draws

The return over the selected window is the largest number on the card, above the curve, with the annualised rate beside it. The rate is shown only where it means something: not for a day or a week, and not for a company whose history is shorter than a year.

New

The DCF calculator on the company page

The Valuation tab is the full intrinsic value calculator on the company you are looking at — editable assumptions, the five-year forecast and saved scenarios — instead of a link out to the standalone tool. Opening it costs a free account nothing against the daily company count, because the summary has already run this company once.

New

Add a company to a watchlist from its page

A star beside the company name opens the same form the watchlist screen uses, with the company already filled in: choose which list it goes to, set an intrinsic value or a target yield, and write the thesis in the same step.

Improved

A delisted company says so, once

A company that no longer trades gets one statement in place of the tabs — that it is no longer trading, and that only its last recorded price is kept — instead of five tabs asking for metrics, scores and news that no longer exist.

Improved

The first refused company of the day is a dialog

The free plan runs the DCF on three companies a day, and the calculator already says so beside the counter. The first time in a day a fourth is refused, it now says so in a dialog as well, once, rather than looking like a failed request.

Fixed

A company page no longer shows the previous company after Back

Opening a delisted ticker, then a live one, then pressing Back left the previous company’s name and sector in the header. Each ticker now starts from nothing.

v2.3

Connect a broker, sign in with Google, and news sorted by what it is.

New

Connected broker accounts

Ultimate accounts can connect Trading 212 or Interactive Brokers and have transactions arrive by themselves. You issue a read-only key and can revoke it at any time; it is stored encrypted, never shown again, and deleted the moment you disconnect. No order is ever placed. The first sync walks your history a year at a time and reports how far back it has read while it runs. What we store and why is on the security page.

New

Continue with Google

Sign in or register with a Google account. An address that already has a verified account is linked to it rather than duplicated, and a password can be set later in settings. The 18+ checkbox is gone: continuing is the agreement, and the age requirement is a clause of the Terms.

Improved

The import wizard recognises broker exports

A statement the wizard knows goes straight to review under a “Detected” badge, and deposits, withdrawals and currency conversions are set aside as their own group with the broker’s own wording instead of a screen of red errors. A broker you chose by hand that does not fit the file is told apart in one sentence on the Columns step. How the portfolio tracker is used is in the help centre.

New

News split into Headlines, Reports and Insiders

The news screen has three tabs, because a wire headline, an earnings report and a Form 4 are three different readings. Both the tab and whose companies it shows live in the address, so the back button walks through what you actually looked at. Each tab pages on its own.

New

A Reports tab in two tenses

Coming up: earnings dates and ex-dividend dates for the companies you hold or watch, each with a countdown. Published: reported quarters with the consensus estimate, the actual figure and the surprise between them, beside the filings of the same day. The Earnings calendar on the Tools screen now leads here.

Improved

Quality Score, pillar by pillar

The in-app Quality Score draws its five pillars as five full-width bands, each with a 0–10 score strip beside its metric rows. A metric the score could not use is named under the rows rather than left out.

Improved

Charts carry a labelled value axis

Price and performance charts now draw their grid on round values with the figure printed beside each line, instead of five lines spaced by pixels. The portfolio value chart states how much the value moved over the period in your currency rather than as a percentage, which on a portfolio built up by deposits said more about the first deposit than about the positions.

Improved

Headlines carry the publisher’s picture

A headline shows the thumbnail its publisher sent. Press releases, filings and insider trades have none and are drawn without a placeholder.

New

The search box remembers your recent companies

The last six companies you picked from the search box are offered when it opens, per account and on this device only.

Improved

Yearly billing says what you save

Paid yearly, Ultimate costs $6.67 a month instead of $8.99, and the pricing card now says so in money — $27.89 a year — rather than leaving you to work out what a percentage buys.

Improved

A withdrawal within 14 days is refunded in full

Cancel an Ultimate subscription within 14 days of paying and the whole price comes back, whatever you used in between. The Terms say so, and nothing at checkout asks you to waive it.

Improved

The hypothesis log fits beside the chart

The dashboard card shows six rows next to the performance chart instead of stretching to the length of the whole watchlist; its title opens the full list.

Fixed

Escape closes the topmost dialog

Every dialog closes on Escape, and only the topmost layer hears the key: with the calendar open on a form, the first press closes the calendar and the next one the form. A dialog with a request in flight keeps it.

Fixed

Popups are no longer clipped by the box they open in

The date picker on the transaction form was sliced in half and grew the form a scrollbar; the menu on a one-line journal entry lost its Delete action under the card’s edge. Both now open over the page.

Fixed

Margin of safety says what it accepts

The field takes whole percents from 0 to 99, and the three places that write it now say so instead of answering “Failed to save”.

v2.2

News, filings and insider trades — wherever the terminal already knows your companies.

New

News, filings and insider trades

Headlines, press releases, SEC filings and Form 4 insider trades now sit on the company page, across every ticker of a watchlist, and on a screen of their own with two views: everything the market published, and only the companies you hold or watch.

New

One timeline on the dashboard

What has already happened to your holdings and what is coming for them — earnings dates and ex-dividend dates, each with a countdown — are now one block in two halves instead of three cards that had to be read together.

New

Why it moved that day

Events are marked directly on the price chart: colour says what kind of event it was, size says how many landed on that point. The chart also states how far back the stored events go, so a quiet stretch of curve is never mistaken for a quiet quarter.

New

A thesis knows how much has happened since you last looked

Every thesis in the journal now carries a count of the events published since you last reaffirmed it, next to its review date. Opening it shows only the news that arrived after that moment.

New

A weekly digest by email

Ultimate accounts can have the week for their holdings sent out on Monday morning. It is off until you switch it on, and the link in the envelope unsubscribes you in one click without signing in.

Improved

The digest explains its own order

On Ultimate the dashboard digest is ordered by how much an event is likely to matter — the kind of event, the weight of the position and the size of the move that day — and every row carries the sentence that explains its place. The free plan gets the same digest in plain reverse-chronological order.

Improved

Every feed says when it was last checked

News is fetched on a schedule rather than live, so each feed prints the time it was last refreshed — including an empty one, because “nothing published” and “nothing published as of three hours ago” are different claims.

Improved

The data vendor is credited where the data is shown

Market data is provided by Twelve Data, and the footer of every page now says so.

v2.1

Your reasoning kept per company, a guided way in, and the whole return history on one page.

New

The journal became a screen of its own

The investment journal is now a screen of the account rather than a tab inside one portfolio, with filters for the portfolio, watchlist or company an entry belongs to.

New

One thesis per company

A thesis now hangs on the company rather than on the portfolio it was written in. Buy the same name in a second portfolio and your reasoning follows it instead of being written twice.

Improved

Watchlist notes became theses

The free-text note on a watchlist row has been moved into the journal, so it now has a review date and a key phrase instead of living in a field nothing ever asked you about again. Existing notes were carried over.

New

Your thesis on the company page and in your holdings

The company page shows the thesis you wrote for it, and each row of a portfolio prints its key phrase — so the reason you own something is visible where you look at what it is doing.

Improved

Reaffirming a thesis is its own action

Confirming that a thesis still holds no longer means reopening and re-saving it, and a review date can be cleared as well as set.

New

A guided start

A getting-started checklist tracks what your account actually has rather than which screens you have opened, and a six-chapter walkthrough highlights the controls it talks about. It starts itself once after registration and can be reopened, or dismissed for good, at any point.

New

Return history

Portfolio analytics gained a page for the whole history: monthly, quarterly and annual returns, consistency tiles, the full heatmap, and how those returns are distributed across the calendar. The board keeps the last eight years and links to the rest.

Improved

Comparing with SPY draws the benchmark instead of replacing your series

The benchmark is now a layer over your own returns rather than a third position of the same switch, so it is always clear whether a green bar means you made money or beat the market. Alpha is reported in percent, and the analytics grids answer a hover instantly instead of waiting for the browser tooltip.

Fixed

A broken CSV says what is wrong

A malformed import file is now reported as a bad file, row by row, instead of failing as a server error.

v2.0

A free plan you can stay on, sample data to try it on, and quality scores anyone can read.

New

A free plan

The terminal no longer stops working when a trial runs out. The free plan limits how much you can keep, not which tools you get: 1 portfolio of up to 10 positions, 1 watchlist of 5 tickers, 5 journal entries and 5 years of price history. Quality Score and company comparisons stay open in full.

New

Try it on a sample portfolio

An empty dashboard can now fill itself with a realistic sample portfolio in one click, so you can see what every screen does before typing in a single trade of your own. It is marked as sample everywhere it appears, counts against no limit, and is removed with one click when you are done.

New

Quality Score, in public

A page per company scoring profitability, balance sheet strength, cash generation and growth consistency out of ten — readable without an account, on Quality Score. How the score is built is explained in the help centre.

Improved

See the analytics before you pay for them

Portfolio analytics is an Ultimate feature, but the free plan now opens the full report on a sample portfolio instead of a locked screen — the same charts, tiles and tables, clearly labelled as sample data.

Improved

Limits shown before the work, not after it

Watchlists, portfolio positions, journal entries, the DCF calculator and the screener now show how much of your plan you have used — “3 / 5 tickers” — and say what the ceiling is up front, so a filled-in form is never thrown away by a refusal.

Fixed

A lapsed subscription no longer locks the app

A subscription that ends, or a renewal that fails, now drops you onto the free plan with everything you have recorded still there and still readable. Previously it replaced the whole app with a payment wall.

Improved

“Preparing data” instead of “not found”

The first person to open a company nobody has researched yet used to see a not-found page while the data was still being fetched. It now says the data is being prepared and fills itself in as it arrives, with no need to reload.

Improved

Rename a watchlist without leaving the table

Each row in Watchlists carries its own menu, and the name and margin of safety are edited together in one dialog.

Fixed

Factor exposures admit what they cannot measure

A factor that could only be computed from part of your holdings now says so, and one that could not be computed at all shows a dash instead of a middle-of-the-market number that looked like an answer.

v1.9

Bring your history in, hold it in your own currency, and take all of it back out.

New

Import transactions from a CSV

Upload an export from your broker and the wizard detects the columns and date format, flags duplicates and impossible sells, and lets you correct rows before anything is written. Rows it cannot accept are reported one by one instead of failing the whole file.

New

Portfolios in your own currency

Pick a base currency when you create a portfolio, change it later from the manage screen, and record a trade in whatever currency it settled in. Holdings, the summary, the performance chart and analytics are all converted to the portfolio base, using the rate on the day of each trade.

New

Dividends, fees and interest

Cash flows that are not trades can now be recorded as such — by hand or through the CSV import — and they are counted properly in money-weighted and time-weighted returns on Portfolio analytics.

New

Download everything we hold about you

One button in Settings exports your account: portfolios with their positions, transactions and journal, your watchlists, saved DCF scenarios, saved screens and sessions. The rights behind it are set out in the privacy policy.

Improved

Thirty days to change your mind about deleting your account

Deleting an account now starts a grace window instead of erasing it on the spot. Sign in again within it and the account comes back exactly as it was; after it, the data is erased for good.

New

Privacy policy, subprocessors and an analytics opt-out

Published in full: what we collect and why, on Privacy, and every third party that touches your data, on Subprocessors. Product analytics can be switched off in Settings, and the choice belongs to your account rather than to one browser.

Improved

Long watchlists load a page at a time

A watchlist with a lot of names now loads in pages rather than all at once, while the cards at the top keep describing the whole list.

v1.8

Numbers that arrive with the context needed to read them.

New

Intrinsic value on the company page

Every company page now carries a live intrinsic-value card built from a five-year cash-flow projection, with one click through to the full intrinsic value calculator with the ticker already loaded.

Improved

Headline analytics numbers with reference bands

CAGR, Sharpe, drawdown and the rest now sit on a scale that shows what counts as weak, normal or strong, each with an explanation and a link to its glossary entry — see Portfolio analytics.

New

Portfolio metrics in the glossary

Seven new entries covering the numbers on the analytics screen — CAGR, Sharpe, Sortino, maximum drawdown, alpha, tracking error and win rate — in the glossary, each with its formula in plain language.

New

Target yield in watchlists

Alongside the margin-of-safety price, a name can now be watched for the yield you want to buy it at, and Watchlists says which of the two — or both — is what flagged it.

Improved

P/E against its own ten-year average

The buy-zone view now shows what a company is valued at today next to what it has typically been valued at over the last decade, rather than leaving the multiple without a reference point.

Improved

Billing changes say when they take effect

Moving to yearly happens immediately, with the unused part of the month credited; moving back to monthly is scheduled for the end of the period you have already paid for. The screen now names which of the two is happening and the date it applies, with a way to cancel a scheduled switch.

v1.7

Compare two companies — and correct a trade you entered wrong.

New

Compare two companies side by side

Growth, profitability, dividends, performance and valuation for two companies at once, including how their multiples have moved year by year — see Compare stocks.

New

Edit and delete transactions

A trade entered with the wrong price, date or quantity can now be corrected or removed, and the position is rebuilt from the remaining history rather than patched.

Improved

A DCF calculator you can use without a finance degree

The intrinsic value calculator now opens on three sliders phrased as questions and a verdict in plain language, with the projection, waterfall, sensitivity table and saved scenarios a click away instead of in your face.

Improved

More key metrics on the company page

Market capitalisation, forward P/E and EPS, short interest and the 52-week range with the current price marked on it, alongside the metrics that were already there.

New

Delisted companies are flagged

A company that no longer trades is marked as such on its page and in search results, and cannot be added to a portfolio or a watchlist by mistake. It stays readable — the history does not disappear.

Improved

Chart dates that line up with the calendar

Every chart now labels its axis on real month and year boundaries, adapted to the range you are looking at, instead of at evenly spaced points that landed mid-month.

v1.6

Company transparency: who we are, how we model, and how we treat your data.

New

Security page

A plain-language account of how your data is protected — TLS in transit, HTTP-only sessions, salted password hashing, and how little we deliberately store. Read it on Security.

New

Methodology page

The assumptions behind our DCF model, where market and fundamental data comes from, and the honest limits of both, on Methodology.

New

About page

Why we built an independent, subscriber-funded research terminal — the story, the values, and who stands behind it, on About.

Improved

Expanded the glossary

Added market and risk terms — Market Cap, Beta and more — to the glossary, each with its formula in plain language.

v1.5

A wave of learning and comparison content to research with more context.

New

Financial glossary

A growing glossary of the metrics the terminal uses — valuation, profitability, leverage and dividend terms — defined plainly, with the formulas behind them.

New

Blog

Long-form pieces on how to research companies, starting with fundamental vs technical analysis, on the blog.

New

Screen by sector

Dedicated sector landing pages covering all 11 GICS sectors, reachable from the stock screener.

New

Alternatives & comparisons

Honest, side-by-side comparisons with other research tools on Alternatives.

v1.4

Portfolio analytics that read your book the way a professional would.

New

Portfolio analytics

Performance, factor exposures, correlations, drawdowns and monthly returns for your holdings — see Portfolio analytics.

New

Allocation drift & upcoming events

Track how your allocation drifts from its targets, plus upcoming dividends and earnings for the names you hold.

Improved

Faster, cancellable data loading

Reworked the data-fetching layer so navigating between tools no longer leaves stale requests in flight.

v1.3

Intrinsic valuation, both forwards and in reverse.

New

DCF & reverse-DCF calculator

Model a company’s intrinsic value from its cash flows, and flip it around to see what growth the current price already implies, on the intrinsic value calculator.

New

Saved DCF scenarios

Save valuation scenarios per company and reload them later, so your assumptions are never lost between sessions.

Fixed

Sensible DCF defaults

The calculator now seeds from more reliable default assumptions, reducing obviously-wrong starting valuations for companies with irregular cash flows.

v1.2

Find the companies worth researching in the first place.

New

Stock screener

Filter the market across 200+ fundamental, valuation and quality criteria, and save screens to re-run as the market moves, on the stock screener.

Improved

Ticker overview & key metrics

Company profile, statistics, quote, price history and key metrics now load together on a single, denser ticker page.

v1.1

Track what you own and why you own it.

New

Watchlists

Follow candidates with a margin-of-safety lens so a name flags when it trades below the price you would be happy to pay — see Watchlists.

New

Investment journal

Record the thesis behind every decision — why you bought, what would change your mind, and how it played out — in the investment journal.

v1.0

The terminal opens its doors.

New

Dashboard & portfolio tracking

The first release: a portfolio dashboard with holdings, summary, performance chart and market pulse, built for self-directed, long-term investors.

New

Accounts & secure sessions

Email accounts with verification and password reset, backed by HTTP-only session cookies from day one.

Grow with a tool that keeps getting sharper.

Free to start. No credit card required.