LTSE Files SEC Petition to Allow Semi-Annual Earnings Reporting
LTSE Files SEC Petition to Allow Semi-Annual Earnings Reporting
New York, NY – September 30, 2025 – The Long-Term Stock Exchange (LTSE) announced today that it has formally filed a petition with the Securities and Exchange Commission (SEC) seeking to allow all public companies the option to report earnings semi-annually instead of quarterly.
The petition argues that mandatory quarterly reporting, first introduced in 1970, has imposed unintended costs on U.S. markets for decades, contributing to short-term market pressures, volatility, and underinvestment in innovation. LTSE proposes that semi-annual reporting would realign disclosure with the SEC’s original intent of meaningful periodic reporting, while preserving flexibility for companies that wish to continue issuing quarterly reports.
“This petition gives the SEC a concrete path forward to reduce short-term pressures while preserving transparency and fairness for investors,” said Bill Harts, CEO, Long-Term Stock Exchange.
The proposal builds on extensive academic research and broad support from business and policy leaders, many of whom have called for reforms to quarterly reporting requirements. By allowing semi-annual reporting, LTSE believes companies will be able to provide deeper strategic insights to long-term investors and strengthen alignment between corporate management and shareholder interests.
Companies would retain the option to release quarterly results; the petition simply removes the obligation.
The full text of LTSE’s petition can be found at:
https://www.sec.gov/rules-regulations/petitions-rulemaking-submitted-to-sec
About the Long-Term Stock Exchange
LTSE operates the only SEC-approved stock exchange with listing standards that codify long-term principles, serving companies demonstrating exceptional commitment to sustainable growth and strong governance. LTSE was founded by Eric Ries, creator of the Lean Startup methodology, to foster long-term value creation by evolving capitalism to support better business practices.
For media inquiries
Steve Goldstein, press@ltse.com
