Form 10-K is the annual report that public companies file with the U.S. Securities and Exchange Commission (SEC). It provides a detailed picture of the company’s business, financial condition, and risks.
What’s inside
- Audited financial statements
- Management’s discussion and analysis of operations
- Disclosures about risk factors and legal proceedings
Why you should read it
Learning to read Form 10-Ks helps investors:
- Evaluate a company’s financial health
- Understand how management plans to grow or handle challenges
- Spot red flags before buying shares
The 10-K is dense, but it’s the most reliable source for understanding a business. The more 10-Ks you study, the better you become at making informed decisions.
Large shareholders must also disclose their stakes using Schedule 13G.