The 10-Q is a comprehensive report of a company's performance submitted quarterly by all public companies to the Securities and Exchange Commission.
The form provides investors with the financial position of companies on an ongoing basis.
It contains financial statements, management discussion and analysis, disclosures, and internal controls.
Companies must file their 10-Qs 40 or 45 days after the end of their quarters depending on the size of their public float.
Other Important SEC Filings
The 10-Q is one of many reports public companies are required to file with the SEC. Other important reports that are related to this form include:
10-K: Another comprehensive report that is filed by public companies. The 10-K must be filed once per year, and includes the final quarter of the company's performance, which is why only three 10-Qs are filed each year. This report contains more information than an annual report, and must be filed within 90 days of the end of their fiscal year. The 10-K generally includes a summary of the company's operations, management's financial outlook, financial statements, and any legal or administrative issues involving the company.
8-K: This report is filed if there are any changes or developments to a business that didn't make the 10-Q or 10-K reports. This is considered an unscheduled document, and may contain information such as press releases. If a company disposes of or acquires assets, has announcements of executive hiring or departures, or goes into receivership, this information is filed with an 8-K.
Annual Reports: A company's annual report is filed every year, and contains a wealth of company information including—but not limited to—general information about the company, a letter to shareholders from the CEO, financial statements, and an auditors report. This report is submitted a few months after the end of a company's fiscal year. The report is available through a company's website or investor relations team, and can also be obtained from the SEC.
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