Student page
10-K scavenger hunt
You and your team will hunt for ten facts in a real company report. For each fact, you write where you found it.
What to do
- Write the fact, then the Item and page. Example: "Nike's main offices are in Beaverton, Oregon (cover page)."
What is a 10-K?
A 10-K is a company's yearly report to the SEC. The SEC is the US government agency that oversees the stock market.
Most US public companies must file a 10-K every year. Anyone can read it for free.
Every 10-K is split into numbered parts called Items. Item 1 always describes the business. Item 8 always holds the financial statements.
How do I open Nike's 10-K?
Open this link: Nike's 10-K for the year ended May 31, 2026 (sec.gov): https://www.sec.gov/Archives/edgar/data/320187/000032018726000088/nke-20260531.htm. It is a long page, so wait a few seconds.
If the link does not open, ask your teacher for the printed excerpt pack. It has every page you need.
How do I find a page number?
Look at the bottom of each page. You will see "2026 FORM 10-K" and then the page number.
The cover page and the table of contents have no page number. If your answer is there, write "cover page" or "table of contents."
Tip: the table of contents lists every Item with its first page. You can click an Item to jump to it.
Team jobs
Teams of three: the Reader is also the Checker.
- Navigator: scrolls and searches the report.
- Reader: reads each clue out loud and reads the text you find.
- Recorder: writes the answers on the worksheet.
- Checker: checks every Item and page before you move on.
Two rules for this hunt
This is a hunt for facts in a document. Nobody is asked to judge Nike or its stock.
- Write what the report says. Use its words when the clue asks you to copy.
- Risk factors are Nike's own list of things that could hurt its business. Copy them; you don't need to judge them.
Questions
- On what date did the year covered by this 10-K end?
- Item 1 starts with a "General" section. Copy the sentence that says what Nike's principal business activity is.
- Who makes nearly all of Nike's products?
- Nike reports its results in parts called segments. Name all five.
- In fiscal 2026, factories in which country made the largest share of Nike Brand footwear? About what percent?
- Item 1 has a section called "Competition." Name any two companies it lists.
- How many employees did Nike have, and on what date?
- Item 1A lists risk factors. Copy one risk-factor heading word for word.
- Which Item holds the financial statements? On what page is the "Consolidated Statements of Income"?
- On that statement, what were Nike's revenues and net income for fiscal 2026? Include the units.
- Bonus: In what year and in what state was Nike incorporated?
Word bank
- 10-K:
- A company's yearly report to the SEC
- SEC:
- The US agency that oversees the stock market
- EDGAR:
- The SEC's free website of company filings
- Fiscal year:
- The 12 months a company uses for its accounts. It does not have to end in December.
- Item:
- A numbered part of a 10-K, like a chapter
- Segment:
- A part of the company that reports its own results
- Risk factor:
- Something the company says could hurt its business
- Revenue:
- The money a company took in from sales
- Net income:
- What was left after all costs and taxes
- Employee:
- A person the company pays to work for it
Data from Nike's FY2026 Form 10-K, filed Jul 15, 2026 and Costco's FY2026 Form 10-K, filed Oct 7, 2026. Checked Nov 7, 2026. Optional further reading: the lesson page.