A company's filer category depends mainly on its public float: the market value of its shares held by people other than its affiliates, measured on the last business day of its second fiscal quarter. The category sets how fast it must file.
| Category | Broadly | 10-K due | 10-Q due |
|---|---|---|---|
| Large accelerated filer | Public float of $700 million or more | 60 days | 40 days |
| Accelerated filer | Public float of $75 million to under $700 million | 75 days | 40 days |
| Non-accelerated filer | Below that, or a smaller company with under $100 million of revenue | 90 days | 45 days |
Days are counted from the end of the fiscal year or quarter. A company also needs to have been filing for a year to be accelerated.
Other labels
- Smaller reporting company: public float under $250 million, or revenue under $100 million with a float under $700 million. Such companies may give scaled-down disclosures.
- Emerging growth company: a company with less than $1.235 billion of annual revenue, for up to five years after its first sale of shares to the public, with lighter requirements during that time.
On Listed
The filer category is shown on each company page. It tells you when the next 10-Q or 10-K is due, which matters for the forecast leagues.