10-Q

Definition

A 10-Q is a quarterly financial report that publicly traded companies are required to file with the U.S. Securities and Exchange Commission (SEC). It provides a detailed overview of a company's financial performance, including its financial statements, management's discussion and analysis, and other important information that investors use to evaluate the company's financial health and prospects.

5 Must Know Facts For Your Next Test

1. The 10-Q report must be filed with the SEC within 40 days of the end of each fiscal quarter, providing timely financial information to investors.
2. The 10-Q report includes unaudited financial statements, unlike the annual 10-K report, which contains audited financial statements.
3. The 10-Q report provides investors with a more frequent and up-to-date view of a company's financial health compared to the annual 10-K report.
4. The 10-Q report is an important tool for investors to assess a company's performance, identify trends, and make informed investment decisions.
5. The 10-Q report is a key document that companies use to interact with and provide information to investors, intermediaries, and other market participants.

Review Questions

• Explain the purpose and importance of the 10-Q report for publicly traded companies.
  • The 10-Q report is a critical financial disclosure that publicly traded companies are required to file with the SEC on a quarterly basis. It provides investors with a detailed and up-to-date view of the company's financial performance, including its financial statements, management's analysis, and other key information. The 10-Q report is an important tool for investors to assess a company's financial health, identify trends, and make informed investment decisions. It also serves as a means for companies to interact with and provide information to investors, intermediaries, and other market participants, which is a key aspect of 2.5 Interacting with Investors, Intermediaries, and Other Market Participants.
• Describe the key differences between the 10-Q and 10-K reports and how they are used by investors.
  • The 10-Q report and the 10-K report are both important financial disclosures required by the SEC, but they serve different purposes. The 10-K report is an annual filing that contains audited financial statements, while the 10-Q report is a quarterly filing with unaudited financial statements. The 10-Q report provides more frequent and up-to-date information to investors, allowing them to closely monitor a company's financial performance and make more timely investment decisions. Investors use the 10-Q report to assess a company's current financial health, identify trends, and evaluate its prospects, which is a key aspect of 2.5 Interacting with Investors, Intermediaries, and Other Market Participants.
• Analyze how the information contained in a 10-Q report can be used by companies to interact with and provide information to investors, intermediaries, and other market participants.
  • The 10-Q report is a crucial tool that publicly traded companies use to interact with and provide information to investors, intermediaries, and other market participants as part of 2.5 Interacting with Investors, Intermediaries, and Other Market Participants. The report contains a wealth of financial information, including the company's financial statements, management's discussion and analysis, and other key data. Investors, analysts, and other market participants use this information to evaluate the company's financial health, identify trends, and make informed investment decisions. Companies, in turn, use the 10-Q report to communicate their financial performance, strategy, and outlook to the market, which helps to build trust, attract investment, and maintain relationships with key stakeholders.

Related terms

SEC:

The U.S. Securities and Exchange Commission is the federal agency responsible for regulating and overseeing the securities industry, including the public disclosure of financial information by publicly traded companies.

Financial Statements:

The primary financial reports that provide a comprehensive view of a company's financial position, including the balance sheet, income statement, and cash flow statement.

Management's Discussion and Analysis (MD&A): A section of the 10-Q report where management provides an overview and analysis of the company's financial performance, including key trends, risks, and uncertainties.