10-Q
Also known as: Form 10-Q · quarterly report
DEFINITION
The 10-Q is the SEC's required quarterly update, filed for Q1, Q2, and Q3 (Q4 results show up in the 10-K instead). It contains unaudited financial statements, a brief MD&A discussion, updates to risk factors, and disclosures about anything material that changed since the last 10-K. Large filers must submit within 40 days of quarter-end; smaller filers get 45 days. Unlike the 10-K, the financials are reviewed by auditors but not fully audited.
WHY IT MATTERS FOR RETAIL INVESTORS
The 10-Q is where the story between annual reports actually lives. Earnings releases hit the wire days earlier and shape the headline numbers, but the 10-Q has the footnotes — segment breakouts, debt schedules, lawsuit updates, and changes in risk factors. If a 10-Q's risk-factor section is materially longer than the prior 10-K's, management is hinting at something. Always compare the new 10-Q against the most recent 10-K, not against the press release.
How to Read a 10-Q: Quarterly Report Walkthrough →
Read a SEC 10-Q filing without missing the signal. Unaudited financials, updated risk factors, and the diff against the last 10-K — retail-investor angle.
OFFICIAL SEC SOURCE
https://www.sec.gov/answers/form10q.htm ↗RELATED TERMS
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