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10-Q (Quarterly Report (Form 10-Q))

A public company's quarterly financial report filed with the SEC.

What it means

The 10-Q is the quarterly version of the 10-K. Filed three times a year (the fourth quarter is folded into the annual 10-K), it gives an updated but unaudited look at a company's financials and any material changes since the last report. It is how investors track a company between annual reports.

Example

A retailer's second-quarter 10-Q shows whether sales held up over the summer and updates its outlook for the rest of the year.

What to look for

Watch the trend versus the prior quarter and the same quarter a year earlier, plus any updated guidance or new risk disclosures. Because a 10-Q is unaudited, treat surprising figures with a little caution until the annual 10-K confirms them.

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