Question 1

Which is more important, 10-K or 10-Q?

Accepted Answer

The 10-K is more comprehensive since it includes audited financials and detailed risk disclosures. But the 10-Q is more timely — filed quarterly, it shows recent trends in revenue, expenses, and cash flow. Active traders pay more attention to 10-Q filings for near-term signals.

Question 2

What should traders look for in a 10-K?

Accepted Answer

Focus on: revenue trends, cash burn rate, debt levels, share count changes (dilution), risk factors section (new risks added), and management's discussion of future plans. For OTC stocks, also check going concern warnings and related party transactions.

Question 3

Do OTC stocks file 10-K and 10-Q?

Accepted Answer

SEC-reporting OTC companies (OTCQB, some OTCQX) file 10-K and 10-Q. However, many Pink sheet companies are not SEC-reporting — they may file alternative disclosures on OTC Markets or provide no financial information at all. This is a major risk factor.

10-K vs 10-Q: What's the Difference Between SEC Annual and Quarterly Filings?

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