10Q

Form 10-Q, commonly referred to as 10-Q, is a quarterly report that U.S. publicly traded companies file with the Securities and Exchange Commission (SEC). It provides an update on a company’s financial condition and results of operations for the quarter and year-to-date, along with other material information. The financial statements included are typically unaudited and are accompanied by management’s discussion and analysis (MD&A), as well as disclosures about market risk and controls and procedures. The 10-Q is intended to give investors a timely, though not final, view of performance between annual 10-K filings.

A typical 10-Q includes Part I: Financial Information, with items such as condensed financial statements (balance sheets, income statements, and cash flow statements) and the accompanying notes, plus MD&A. It may also include quantitative and qualitative disclosures about market risk and information about internal controls. Part II covers information that is not required to be audited, such as legal proceedings and other information. In some cases, updates to risk-factor disclosures may appear, though these are more common in annual reports.

Filing deadlines vary by filer type. Large accelerated and accelerated filers must file within 40 days after the end of the quarter, while non-accelerated filers and smaller reporting companies have 45 days. Companies may also disclose material events between filings via Form 8-K. Overall, the 10-Q serves as a key source for quarterly financial performance, liquidity, and risk information, enabling comparisons across periods and with peers.