The recent earnings season is drawing to a close, with some happy and some sad. The company's performance and market expectations tend to vote on the earnings day.

To$Zoom Video Communications Inc (ZM.US) $For example, Zoom's share price soared 41% after the disclosure of Q2 results and fell 15% after Q4 results.

The volatility of the stock price is really eye-popping.

So what are the requirements for the documents and time for US stocks to release financial reports? Today, Mr. Meishi is here to introduce to you.

There are two types of financial statements issued by US stock companies.One is listed companies in the United States, the other is non-listed companies in the United States.

American listed companies

SEC requires that American listed companies mustSubmit the annual report in form 10K and the quarterly report in form 10Q.

According to the amount of tradable shares (Public float), it can be divided into three dimensions, and the disclosure time requirements vary.
1. Tradable sharesMore than 700 millionListed companies in the United States will be listed in theEnd of fiscal yearWithin 60 daysDisclosure of annual reports,Within 40 days of the end of the quarterDisclose the quarterly report.
two。 Tradable shares inOver 75 million but less than 700 millionListed companies in the United States will be listed in theWithin 75 days of the end of the fiscal yearDisclosure of annual reportThe quarter ends 40 days.The quarterly report is disclosed inside.
3. Tradable sharesLess than 75 millionListed companies in the United States will be listed in theWithin 90 days of the end of the fiscal yearDisclosure of annual reportWithin 40 days of the end of the quarterDisclose the quarterly report.

Non-US listed companies (including US-listed companies)

The release of financial reports is divided into quarterly reports and annual reports.For non-US listed companies, they can be exempted from the 10MQ requirement, and SEC does not require companies to disclose quarterly reports.For China-listed companies, most companies will use 6Muk documents to disclose quarterly reports. 6murk file is a filing requirement, using 6murk file to disclose quarterly report, there is no unified standard such as format, detail, unit and so on.

On the other hand, non-American listed companies need to publish annual reports, and they need to use the 20murf file.The disclosure date must be disclosed within four months of the end of the fiscal year at the latest.