Periodic reports
SEC Form 10-K: the annual report
The annual SEC report with audited financial statements, business description, risk factors, and management discussion.
Who files it
Most U.S. public operating companies after the end of each fiscal year.
When it is filed
The deadline varies by filer status and is generally measured in days after fiscal year-end.
What it discloses
- Business description and strategy context
- Risk factors and legal proceedings
- Audited financial statements and notes
- Management discussion and analysis
- Controls and other required annual disclosures
What it does not tell you
The filing is a source document, not investment advice or a prediction of future returns.
The form should be read with its filing date, reporting period, exhibits, and related company disclosures.