Preprint usage is growing rapidly in the life sciences; however, questions remain on the relative quality of preprints when compared to published articles. An objective dimension of quality that is readily measurable is completeness of reporting, as transparency can improve the reader's ability to independently interpret data and reproduce findings. In this observational study, we initially compared independent samples of articles published in bioRxiv and in PubMed-indexed journals in 2016 using a quality of reporting questionnaire. After that, preprints were also compared to their own journalpublished versions. Peer-reviewed articles had, on average, higher quality of reporting than preprints, although the difference was small, with absolute differences of 5.0 % [95% CI 1.4, 8.6] and 4.7 % [95% CI 2.4, 7.0] of reported items in the independent samples and paired sample comparison, respectively. There were larger differences favoring peerreviewed articles in subjective ratings of how clearly titles and abstracts presented the main findings and how easy it was to locate relevant reporting information. Changes in reporting from preprints to peer-reviewed versions did not correlate with the impact factor of the publication venue or with the time lag from bioRxiv to journal publication. Overall, our results suggest that editorial peer review has a statistically significant but small impact on improving quality of reporting.They also show that quality of reporting in preprints in the life sciences is within a similar range as that of peer -reviewed articles, albeit slightly lower on average, supporting the idea that preprints should be considered valid scientific contributions.