"Form 10-K
10-K is short for Form 10-K, which is a document the SEC requires all public companies to file each year12345. The form presents a financial picture of the company, detailing its revenues, assets, and liabilities for the previous year"
"SEC Form 10-K:
Frequency: Filed annually by public companies.
Purpose: Provides a comprehensive summary of the company’s financial performance, business operations, and risks.
Auditing: The 10-K is audited, meaning an independent auditor verifies the financial statements.
Contents: Includes financial statements, management discussion and analysis, disclosures, and internal controls.
Filing Deadline: Must be filed within 60 days after the end of the fiscal year.
Coverage: Encompasses the entire fiscal year, including the fourth quarter.
SEC Form 10-Q:
Frequency: Filed quarterly by public companies (three times a year).
Purpose: Provides an update on the company’s financial performance for the previous quarter.
Auditing: The 10-Q is not audited; it’s an unaudited report.
Contents: Contains financial statements, but without the same level of detail as the 10-K.
Filing Deadline: Must be filed within 40 or 45 days after the end of each quarter, depending on the company’s public float.
Coverage: Covers the first three quarters of the fiscal year; the fourth quarter details are included in the annual 10-K12.
In summary, the 10-K is more comprehensive, audited, and covers the entire fiscal year, while the 10-Q provides quarterly updates but is unaudited. Both forms are essential for investors and analysts to evaluate a company’s financial health and performance"
