{"slug":"how-to-read-a-10-k","qid":"tenk_sections","label":"Which 10-K sections get captured, and how long they run","post_title":"How to Read a 10-K Annual Report Filing","post_url":"/blog/how-to-read-a-10-k#q-tenk_sections","columns":["section","filing_count","company_count","avg_thousand_characters"],"rows":[{"section":"business","filing_count":4970,"company_count":1625,"avg_thousand_characters":46.5},{"section":"risk_factors","filing_count":4957,"company_count":1621,"avg_thousand_characters":69.9},{"section":"mda","filing_count":194,"company_count":194,"avg_thousand_characters":55.1}],"shape":"ranking","sql":"SELECT\n    section                                  AS section,\n    uniqExact(cik, period_end)               AS filing_count,\n    uniqExact(cik)                           AS company_count,\n    round(avg(length(text)) / 1000.0, 1)     AS avg_thousand_characters\nFROM global_markets.stocks_10k_sections\nWHERE period_end >= '2020-01-01'\n  AND section != ''\n  AND length(text) > 0\nGROUP BY section\nORDER BY filing_count DESC\nLIMIT 12","computed_at":"2026-10-09T15:44:28.582348+00:00","elapsed":0.002338507}