SEC Seeks Extension for Corporate Quarterly Form 10-Q
Published Date: 8/6/2025
Notice
Summary
The SEC is asking to keep using Form 10-Q, which companies file every quarter to share important financial info with investors. About 6,473 companies spend lots of time and money preparing these reports, with outside pros costing over $500 million yearly. You’ve got until September 8, 2025, to share your thoughts on this paperwork extension!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Mandatory Form 10-Q Filing Burden
Public companies must keep filing Form 10-Q each quarter; about 6,473 issuers file roughly 19,419 Form 10-Qs per year (three filings per issuer). Each response takes about 180.18 hours, with issuers doing 135.135 hours per response and outside professionals doing 45.045 hours per response at an estimated $600 per hour, which yields an annual outside-professional cost of $524,837,313.
Investor Access via EDGAR Continuation
Form 10-Q remains a mandatory public filing and the information is publicly available on the SEC's EDGAR system to ensure investors have access to issuers' quarterly financial information.
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