A financial report is a formal document that summarizes a company's financial performance and position over a specific period of time. It typically includes financial statements, such as the balance sheet, income statement, and cash flow statement, as well as notes to the financial statements and a management discussion and analysis (MD&A) section.

Financial reports are prepared by companies to provide information about their financial health and to help stakeholders make informed decisions. Stakeholders may include investors, lenders, employees, customers, suppliers, regulatory bodies, and the general public.

Financial reports must comply with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS), depending on the country and/or industry. These standards provide guidance on how to measure and report financial transactions and events, ensuring the accuracy and reliability of financial statements.

Overall, a financial report is an important tool for assessing a company's financial performance and position, providing stakeholders with the information they need to make informed decisions.