Definition of 10-q

Form 10-Q, also known as a 10-Q or 10Q is a quarterly report designed to give a status of how a business is doing after three (3) months of operation. These reports generally compare last quarter to the current quarter and last years quarter to this years quarter. The SEC put this form in place to facilitate better informed investors. Form 10-Q is a Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, is an SEC filing that must be filed quarterly with the US Securities and Exchange Commission. It contains similar information to the annual form 10-K, however the information is generally less detailed, and the financial statements are generally unaudited. Information for the final quarter of a firm's fiscal year is included in the 10-K, so only three 10-Q filings are made each year. The form 10-Q must be filed within 40 days for large accelerated filers and accelerated filers or 45 days after the end of the fiscal quarter for all other registrants (formerly 45 days).