What Sharadar Fundamentals does

Sharadar is a privately held, founder-operated financial data provider founded in 2014 by Vincent Paver, delivering originally curated datasets for U.S. public companies. The company's core technical offering is a suite of six databases, each addressing a distinct slice of the investment data stack: Sharadar Fundamentals (SF1), Insider Holdings & Transactions (SF2), Institutional Holdings (SF3), EOD Stock Prices (SFB/SFA), EOD Fund Prices (SFA covering ETFs, CEFs, ETNs, and Exchange Traded Debt), and a Bundle offering. The flagship fundamentals product provides 20-25 years of history covering both active and delisted securities, with the company explicitly highlighting near-complete freedom from survivorship bias as a technical differentiator for backtesting and quantitative research.

The platform is built on internet economics with near-zero incremental cost per additional customer as a design assumption. Distribution is API-first, primarily through the Quandl marketplace (a Nasdaq Data Link property), with secondary consumer-facing reach via DuckDuckGo instant answers and developer ecosystem integrations such as the open-source Zipline algorithmic trading library and Udacity's AI for Trading nanodegree program. The technology stack is anchored by continuous dataset curation processes rather than disclosed machine learning or AI components.

Revenue is generated exclusively through subscription-based pricing across six recurring revenue streams, with bundle discounts offered for multi-product adoption. The customer base spans a horizontal segmentation: quantitative hedge funds and individual retail investors consume the data for investment research and backtesting, while FinTech startups (Koyfin, Tiingo, Pininvest), developer platforms (Zipline), and educational institutions (Udacity) act as both customers and indirect distribution channels. The company has not raised external institutional capital and operates as a single-principal business.

Name

Sharadar Fundamentals

Legal name

Sharadar

Website

https://sharadar.com

Company type

Private

Founded year

2014

Operating status

Operating

Short description

Sharadar is a privately held, founder-operated financial data provider that offers originally curated, survivorship-bias-free datasets (fundamentals, institutional, insider, and pricing data) for U.S. public companies, distributed primarily through the Quandl marketplace to quantitative investors, FinTech startups, developers, and retail investors.

Ownership category

akta.pro rank

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Fundamentals Data (SF1): Flagship fundamentals dataset providing 20-25 years of history for U.S. public companies with active and delisted stock coverage. Distributed via Quandl marketplace.
2. Institutional Holdings Data (SF3): Daily stock price dataset with institutional shareholdings data, providing insight into market participant activities.
3. Insider Holdings & Transactions Data (SF2): Insider activity dataset tracking holdings and transactions for U.S. public companies.
4. EOD Stock Prices (SEP/SFB): Daily stock price dataset offering extensive coverage and history, complementary to fundamentals data.
5. EOD Fund Prices (SFA/SFB): Fund price dataset covering ETFs, CEFs, ETNs, and Exchange Traded Debt (ETD).
6. Bundle Offering (SFA): Preferential pricing for multiple datasets provided via bundle offering combining fundamentals, institutional, insider, and price data.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Sharadar provides originally curated financial datasets for U.S. public companies, led by a 20–25 year fundamentals dataset (SF1) that is nearly free of survivorship bias and covers active and delisted stocks. Complementary subscription datasets include Institutional Holdings (SF3), Insider Holdings & Transactions (SF2), EOD Stock Prices (SFB), EOD Fund Prices (SFA), and a Bundle offering, all delivered via the Quandl API.

Product overview

Sharadar provides a suite of financial data products for U.S. public companies, originally curated and nearly completely free from survivorship bias. The core offering is the Sharadar Fundamentals (SF1) product providing 20+ years of history for active and delisted stock coverage. Complementary products include EOD Stock Prices (SFB) for daily price data, EOD Fund Prices (SFA) for ETFs/CEFs/ETNs/ETD, Institutional Holdings (SF3) for institutional shareholdings, and Insider Holdings & Transactions (SF2) for insider activity. Products are available individually or at preferential pricing via the Bundle (SFA) offering, distributed primarily through Quandl/Nasdaq.

Differentiator

Problem solved

Functional benefit

Products and services

• Sharadar Fundamentals (SF1) Flagship fundamentals dataset providing originally curated, comprehensive financial data for U.S. public companies with 20–25 years of history. Covers active and delisted stocks and is nearly free of survivorship bias, suitable for backtesting, quantitative modeling, and fundamental analysis.
• Institutional Holdings (SF3) Dataset of institutional shareholdings data providing insight into the activities of major market participants for U.S. public companies.
• Insider Holdings & Transactions (SF2) Dataset tracking insider holdings and transactions for U.S. public companies, providing visibility into insider buying and selling activity.
• EOD Stock Prices (SFB) Daily end-of-day stock price dataset offering extensive ticker coverage and history, complementary to the fundamentals product.
• EOD Fund Prices (SFA) End-of-day fund price dataset covering ETFs, CEFs, ETNs, and Exchange Traded Debt (ETD), complementary to the equity price dataset.
• Bundle (SFA) Preferential pricing bundle combining multiple Sharadar datasets (fundamentals, institutional holdings, insider activity, and prices) for customers who want the full suite.

Quantifiable outcome

• Over 20,000 tickers covered in equity and fund prices
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• QuandlcoreChannel Partner/ Reseller/ DistributorPrimary distribution partner publishing Sharadar databases (SF1, SF2, SF3, SEP, SFA, SFB) to the Quandl marketplace. Quandl aggregates and distributes financial data to institutional and individual investors.
• UdacityminorGTM or Marketing PartnerUdacity's AI for Trading nanodegree program uses Sharadar data for part of its curriculum, exposing Sharadar to students learning quantitative trading.
• KoyfinminorGTM or Marketing PartnerInvestor tool and data visualization platform that uses Sharadar data, providing another distribution channel to end users.
• TiingominorGTM or Marketing PartnerInvestment site focused on empowering individual investors; has growing community and tools.
• PininvestminorGTM or Marketing PartnerInvestment theme curation platform that uses Sharadar data for generating investment ideas and insights.
• Dr. Ernest ChanminorGTM or Marketing PartnerAlgorithmic trading author uses Sharadar data in Machine Trading book examples and blog posts.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• S&P Capital IQ (S&P Global Market Intelligence): S&P Capital IQ is a major institutional financial data platform offering fundamentals, estimates, ownership, and transaction data on global public and private companies. Comparable to Sharadar across fundamentals, institutional, and insider datasets, serving overlapping buy-side and corporate customers.
• FactSet: FactSet is a global financial data and analytics platform serving institutional investors with fundamentals, estimates, ownership, and pricing datasets. Comparable as a comprehensive financial data provider whose core offering overlaps Sharadar's fundamentals, institutional, and insider products, but at much higher price points and enterprise scale.
• Bloomberg Terminal: Bloomberg's Terminal and data feed products provide comprehensive fundamentals, ownership, pricing, and alternative data to institutional finance professionals. Overlaps Sharadar on fundamentals, insider, and institutional holdings datasets, though distributed via a high-priced enterprise terminal rather than API.
• Refinitiv (LSEG): Refinitiv, owned by London Stock Exchange Group, offers fundamentals, estimates, ownership, and pricing data through DataScope and Eikon platforms to institutional customers. Comparable in fundamentals and ownership data coverage, but as a much broader incumbent serving enterprise customers globally.

Direct peers

• Tiingo: Tiingo offers end-of-day and intraday price data plus fundamentals through APIs aimed at individual investors and quant developers. A listed Sharadar customer and direct competitor in the affordable API data space for U.S. equities.
• Intrinio: Intrinio provides financial data APIs covering fundamentals, prices, and fundamentals for U.S. public companies, targeting fintech developers and individual investors at accessible price points. Directly comparable to Sharadar in product scope, API-first delivery model, and customer segments.
• Polygon.io: Polygon.io provides real-time and historical market data APIs for stocks, options, forex, and crypto, serving developers, fintechs, and quant funds. Comparable to Sharadar in API-first financial market data delivery and developer customer base.
• Quandl (Nasdaq): Quandl, now part of Nasdaq's Data Link, is Sharadar's primary distribution channel and also operates as a financial data marketplace with overlapping fundamentals and pricing datasets. Directly comparable because both serve developers and analysts seeking API access to U.S. and global financial data.
• Financial Modeling Prep: Financial Modeling Prep offers financial statements, ratios, and price data via API to retail investors, developers, and academic users. Closely comparable to Sharadar in dataset coverage, pricing philosophy, and developer-oriented distribution.
• Simfin: Simfin provides free and premium fundamentals data for U.S. public companies, with downloadable bulk data and API access. Comparable to Sharadar on dataset focus (U.S. fundamentals), developer orientation, and retail-friendly pricing tiers.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sharadar Fundamentals