Frontdoor, Inc.

Listed Company

FTDRCIK 0001727263NasdaqLarge AcceleratedServices-To Dwellings & Other BuildingsDelawareFY ends Dec 31

Period

FY 2025

Revenue

$2.09B

Net Income

$255.00M

Total Assets

$2.14B

Equity

$242.00M

Shares Out

70.23M

Op. Cash Flow

$416.00M

Business

Frontdoor, Inc. provides home warranty and new home structural warranty services in the United States, operating as a marketplace that arranges repair and maintenance of residential systems and appliances. It offers customizable annual home warranty plans covering major home systems and appliances, insurance-backed new home structural warranties, and non-warranty on-demand home services including virtual diagnosis and maintenance offerings. Key business segments include branded home warranty operations (American Home Shield and related brands), new home structural warranties (2-10 HBW), and non-warranty services delivered via its technology platform. Frontdoor distributes products nationally through real estate channels, direct-to-consumer marketing, digital platforms and regional builder sales teams.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	2,093	1,843	1,780	1,662	1,602
Cost of services rendered	936	852	895	952	818
Gross Profit	1,157	991	885	710	784
Selling and administrative expenses	669	612	581	521	511
Depreciation and amortization expense	89	39	37	34	35
Restructuring charges	4	8	16	20	3
Interest expense	79	40	40	31	39
Interest and net investment income	−22	−20	−16	−4	−1
Loss on extinguishment of debt	0	3	0	0	31
Income before Income Taxes	338	309	229	93	168
Provision for income taxes	84	74	57	22	39
Net Income	255	235	171	71	128
Unrealized loss on derivative instruments, net of income taxes	−12	−6	−3	27	—
Total Other Comprehensive (Loss) Income, Net of Income Taxes	−12	−6	−3	27	15
Comprehensive Income	243	229	169	98	143
Basic (per share)	3.48	3.05	2.13	0.87	1.51
Diluted (per share)	3.42	3.01	2.12	0.87	1.5
Basic (shares)	73	77	81	82	85
Diluted (shares)	75	78	81	82	86

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	566	421	325	292	262
Marketable securities	0	15	0	—	—
Receivables, less allowance of $4 and $4, respectively	10	10	6	5	7
Prepaid expenses and other current assets	44	42	32	33	25
Assets held for sale	4	0	—	—	—
Total Current Assets	624	488	363	330	295
Property and equipment, net	57	73	60	66	66
Goodwill	959	967	503	503	512
Intangible assets, net	398	448	143	148	159
Operating lease right-of-use assets	7	8	3	11	17
Long-term marketable securities	0	38	0	—	—
Deferred Reinsurance	66	65	0	—	—
Deferred customer acquisition costs	14	11	12	16	16
Other assets	17	11	5	8	5
Total Assets	2,142	2,107	1,089	1,082	1,069
Accounts payable	89	71	76	80	66
Payroll and related expenses	47	44	38	22	24
Home warranty claims	69	74	76	—	—
Income taxes payable	26	0	—	—	—
Other	34	28	22	21	28
Deferred revenue	107	123	102	121	155
Current portion of long-term debt	29	29	17	17	17
Total Current Liabilities	402	369	331	364	378
Long-Term Debt	1,144	1,170	577	592	608
Deferred tax liabilities, net	53	49	25	39	41
Operating lease liabilities	18	20	16	18	19
Unearned insurance premium	236	233	0	—	—
Long-term deferred revenue	19	12	0	—	—
Other long-term liabilities	27	16	5	8	21
Total Other Long-Term liabilities	354	329	46	65	81
Commitments and Contingencies (Note 9)	—	—	—	—	—
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 88,480,560 shares issued and 70,958,215 shares outstanding as of December 31, 2025 and 87,434,468 shares issued and 75,314,243 shares outstanding as of December 31, 2024	1	1	1	1	1
Additional paid-in capital	195	152	117	90	70
Retained earnings	785	530	296	124	53
Accumulated other comprehensive loss	−12	0	6	8	−18
Less treasury stock, at cost; 17,522,345 shares as of December 31, 2025 and 12,120,225 shares as of December 31, 2024	−727	−444	−283	−162	−103
Total Shareholders' Equity	242	239	136	61	2
Total Liabilities and Shareholders' Equity	2,142	2,107	1,089	1,082	1,069

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Deferred income tax provision (benefit)	9	0	−13	−10	−2
Stock-based compensation expense	34	26	26	22	25
Other	−1	1	6	1	5
Receivables	−1	1	0	2	−2
Deferred reinsurance	−2	0	0	—	—
Deferred customer acquisition costs	−3	1	0	—	—
Prepaid expenses and other current assets	−5	−2	−1	−3	—
Accounts payable	19	−7	−4	15	10
Deferred revenue	−8	−9	−19	−35	−32
Accrued liabilities	−1	−10	2	10	−6
Unearned insurance premium	5	−1	0	—	—
Current income taxes	25	−8	−1	6	1
Net Cash Provided from Operating Activities	416	270	202	142	185
Purchases of property and equipment	−26	−39	−32	−40	−31
Business acquisitions, net of cash acquired	3	−583	0	0	—
Purchases of available-for-sale securities	−6	0	0	—	—
Sales and maturities of available-for-sale securities	60	0	0	—	—
Net Cash Provided from (Used for) Investing Activities	31	−622	−32	−35	−31
Borrowings of debt, net of discount	0	1,216	0	0	638
Repayments of debt	−29	−598	−17	−17	−994
Debt issuance costs paid	0	−18	0	0	−8
Repurchases of common stock	−283	−161	−121	−59	−103
Other financing activities	9	9	1	−2	−1
Net Cash Provided from (Used for) Financing Activities	−302	447	−137	−77	−489
Cash Increase During the Period	145	96	34	29	−335

Filings

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