What is a 10-Q? The quarterly report, explained
A 10-Q is an unaudited quarterly report filed three times a year that keeps a company’s financial story current between annual 10-Ks.
The quarterly check-in between annual reports
A 10-Q is the quarterly report U.S. public companies file with the SEC. It keeps a company's financial story current in the months between its annual 10-K reports.
How it differs from a 10-K
- It's filed three times a year — for the first three fiscal quarters. The fourth quarter is rolled into the annual 10-K instead.
- The financial statements are unaudited (they're "reviewed," a lighter touch than a full audit), so they arrive faster but carry a little less assurance.
- It's shorter and more focused on the numbers and recent changes than on the full business description.
When it's filed
Each 10-Q is due roughly 40 days after the quarter ends, again depending on company size.
Why traders watch it
The 10-Q is where you see the freshest trend in a company's revenue, earnings and cash flow. A single quarter can confirm or break the narrative from the last annual report, which is why earnings season — when 10-Qs land — moves markets. On FiledFeed, quarterly facts feed the trailing-twelve-month figures and the trend charts on a company's page.
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