10-Qs

Definition

10-Qs are quarterly reports that publicly traded companies must file with the SEC. They provide a comprehensive overview of the company's financial performance and condition over the quarter.

5 Must Know Facts For Your Next Test

1. 10-Qs include unaudited financial statements for the quarter.
2. They must be filed within 40 days of the end of each fiscal quarter.
3. 10-Qs offer detailed information on a company’s earnings, sales, and expenses, as well as management's discussion and analysis (MD&A).
4. Unlike annual reports (10-K), 10-Qs do not usually include extensive notes to the financial statements.
5. The SEC requires three 10-Q filings per year, with the fourth quarter covered by the annual report (10-K).

Review Questions

Related terms

SEC:

The U.S. Securities and Exchange Commission is responsible for enforcing federal securities laws.

Management's Discussion and Analysis (MD&A): A section in financial reports where management discusses financial results and future outlook.

Unaudited Financial Statements: Financial statements that have not been examined by an independent auditor for accuracy or completeness.