FREEDOM HLDG INC (FHLD) Financials

FHLD

FY2025 annual

Revenue $541K -10.6% YoY

Net Income -$1.1M -906.3% YoY

Free Cash Flow -$495K +32.6% YoY

Operating Cash Flow -$495K +16.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Dec 31, 2025 Reported Apr 16, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q1 FY2026, filed Apr 16, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FHLD SEC filings page.

FREEDOM HLDG INC (FHLD) reported $541K in revenue for fiscal year 2025, down 10.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FHLD FY2025 2026-08-30

Freedom Holdings’ shrinking gross-profit base is being overwhelmed by overhead, interest, and externally funded cash needs.

Revenue declined 10.6% from FY2024 to FY2025, while gross margin also compressed. With SG&A rising 37.6%, the narrower gross-profit pool could not absorb overhead, so the business’s operating loss widened sharply.

Operating cash flow and free cash flow were both about -$495K in FY2025, because capital spending was only $78K; cash consumption therefore came mainly from operations rather than reinvestment. Financing provided $545K while operating cash flow remained negative, indicating external funding offset the year’s operating cash need.

FY2025 liabilities of $37.0M exceeded assets of $32.6M, leaving the company with negative equity rather than a conventional solvency cushion. The current ratio was 0.1x and reported liquidity equaled 2.2 months of annual operating outflow, showing that short-term obligations were much larger than current assets.

Financial Health Signals

Financial health score not available

FREEDOM HLDG INC does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Altman Z-Score Distress

-0.60

FREEDOM HLDG INC scores -0.60, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.6M) relative to total liabilities ($37.0M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

1/8

FREEDOM HLDG INC passes 1 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality No Cash Backing

N/A

FREEDOM HLDG INC reported a net loss of $1.1M while operations used $495K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Interest Coverage At Risk

N/A

FREEDOM HLDG INC reported an operating loss of $614K against $150K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$332K

YoY-97.8%

FREEDOM HLDG INC generated $332K in revenue in Q1 2026. This represents a decrease of 97.8% from the same quarter a year earlier.

EBITDA

$40K

YoY-99.5%

FREEDOM HLDG INC's EBITDA was $40K in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 99.5% from the same quarter a year earlier.

Net Income

$9K

YoY-99.9%

FREEDOM HLDG INC reported $9K in net income in Q1 2026. This represents a decrease of 99.9% from the same quarter a year earlier.

EPS (Diluted)

$0.00

YoY-100.0%

FREEDOM HLDG INC earned $0.00 per diluted share (EPS) in Q1 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow

$8K

QoQ+100.0%

FREEDOM HLDG INC generated $8K in free cash flow in Q1 2026, representing cash available after capex. Against the prior quarter it is up 100.0%.

Cash & Debt

$74K

YoY-39.4%

QoQ-18.2%

FREEDOM HLDG INC held $74K in cash as of Q1 2026; long-term debt is not reported for that period.

Shares Outstanding

60M

YoY+1.7%

QoQ0.0%

FREEDOM HLDG INC had 60M shares outstanding in Q1 2026. This represents an increase of 1.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin

88.5%

YoY+37.5pp

FREEDOM HLDG INC's gross margin was 88.5% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 37.5 percentage points from the same quarter a year earlier.

Operating Margin

2.6%

YoY-47.0pp

FREEDOM HLDG INC's operating margin was 2.6% in Q1 2026, reflecting core business profitability. This is down 47.0 percentage points from the same quarter a year earlier.

Net Margin

2.6%

YoY-46.7pp

FREEDOM HLDG INC's net profit margin was 2.6% in Q1 2026, showing the share of revenue converted to profit. This is down 46.7 percentage points from the same quarter a year earlier.

Return on Equity

Not reported for Q1 2026.

Capital Allocation

Capital Expenditures

QoQ-100.0%

FREEDOM HLDG INC reported no capital expenditure in Q1 2026. Against the prior quarter it is down 100.0%.

R&D Spending

Not reported for Q1 2026.

Share Buybacks

Not reported for Q1 2026.

FHLD Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FHLD quarterly income statement

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20
Revenue	$541K-10.6%	$605K	$0	$0	N/A	N/A
Cost of Revenue	$188K+800.1%	$21K	$0	$0	N/A	N/A
Gross Profit	$353K-38.1%	$570K	$0	$0	$0	N/A
SG&A Expenses	$966K+37.6%	$702K	N/A	N/A	$2K	N/A
Operating Income	-$614K-365.8%	-$132K	N/A	N/A	N/A	N/A
EBITDA	-$494K-314.9%	-$119K	N/A	N/A	N/A	N/A
Interest Expense	$150K+7104.8%	$2K	N/A	N/A	N/A	N/A
Income Tax	$0	$0	$0	$0	$0	N/A
Net Income	-$1.1M-906.3%	-$108K	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	$0.00+100.0%	-$0.01	N/A	N/A	N/A
Diluted Shares (Avg)	N/A	56M+51.2%	37M	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'25	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'24	Q2'24
Revenue	$332K-97.8%	N/A	$139K	N/A	$14.8M	N/A	$0	$0
Cost of Revenue	$38K-99.5%	N/A	$54K	N/A	$7.3M	N/A	$0	N/A
Gross Profit	$294K-96.1%	N/A	$86K	N/A	$7.5M	N/A	$0	N/A
SG&A Expenses	$285K+25.7%	N/A	$262K	N/A	$227K+348832.3%	N/A	N/A	$72-90.7%
Operating Income	$9K-99.9%	N/A	-$176K	N/A	$7.3M+2039358.9%	N/A	N/A	N/A
EBITDA	$40K-99.5%	N/A	-$176K	N/A	$7.3M+2041328.3%	N/A	N/A	N/A
Interest Expense	N/A	N/A	$0-100.0%	N/A	$0	N/A	$3K	N/A
Income Tax	$0	N/A	$0	N/A	$0	N/A	$0	$0
Net Income	$9K-99.9%	N/A	-$176K	-$137K	$7.3M	N/A	N/A	N/A
EPS (Diluted)	$0.00-100.0%	N/A	$0.00	N/A	$0.12	N/A	$0.00	N/A
Diluted Shares (Avg)	60M+1.7%	N/A	59M+0.7%	N/A	59M+6.0%	N/A	58M	N/A

Not reported in any period shown, so not listed: R&D Expenses, EPS (Basic).

FHLD Balance Sheet

FHLD quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20
Total Assets	$32.6M+207.6%	$10.6M+1802016.5%	$588+232.2%	$177-91.7%	$2K+11121.1%	$19
Current Assets	$743K-17.1%	$897K+152390.3%	$588+232.2%	$177-91.7%	$2K+11121.1%	$19
Cash & Equivalents	$90K-6.2%	$96K+16195.1%	$588+232.2%	$177-91.7%	$2K+11121.1%	$19
Short-Term Investments	$0	N/A	N/A	N/A	N/A	N/A
Inventory	$650K+25.7%	$517K	$0	N/A	N/A	N/A
Accounts Receivable	$0-100.0%	$301K	$0	N/A	N/A	N/A
Long-Term Investments	$0	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$37.0M+400.4%	-$12.3M-3081.9%	$412K0.0%	$413K+17.3%	$352K+189.1%	$122K
Current Liabilities	$11.5M+56.6%	$7.3M+2459.7%	$286K-1.0%	$289K+13.3%	$255K+1163.7%	$20K
Non-Current Liabilities	$19.0M+13207.0%	$142K+12.7%	$126K+2.1%	$124K+27.6%	$97K-4.6%	$102K
Total Equity	-$4.4M-119.0%	$22.9M+5658.8%	-$412K+0.1%	-$412K-17.9%	-$350K-187.4%	-$122K
Retained Earnings	-$4.4M-24.2%	-$3.5M+65.5%	-$10.2M-4.1%	-$9.8M-0.6%	-$9.7M-2.7%	-$9.5M

Metric	Q1'2610-Q	Q4'2510-Q	Q3'25	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'24	Q2'24
Total Assets	$33.2M-25.7%	$32.6M+207.6%	$61.7M+2823673.3%	N/A	$44.7M+48062361.3%	$10.6M+1802016.5%	$2K+642.9%	$21-99.7%
Current Assets	$775K-96.2%	$743K-17.1%	$5.7M+259391.4%	N/A	$20.4M+21937461.3%	$897K+152390.3%	$2K+642.9%	$21-99.7%
Cash & Equivalents	$74K-39.4%	$90K-6.2%	$65K+2879.8%	N/A	$121K+130380.6%	$96K+16195.1%	$2K+642.9%	$21-99.7%
Inventory	$650K+25.7%	$650K+25.7%	$650K	N/A	$517K	$517K	N/A	N/A
Accounts Receivable	$0-100.0%	$0-100.0%	$0	N/A	$304K	$301K	N/A	N/A
Total Liabilities	$31.0M+113.9%	$37.0M+400.4%	$30.9M+7724.6%	N/A	$14.5M+3394.3%	-$12.3M-3081.9%	$395K-4.7%	$428K+0.2%
Current Liabilities	$11.5M-20.2%	$11.5M+56.6%	$2.4M+772.7%	N/A	$14.4M+4873.3%	$7.3M+2459.7%	$273K-16.6%	$305K-9.8%
Non-Current Liabilities	$19.6M+13641.2%	$19.0M+13207.0%	$28.5M+23226.2%	N/A	$142K+12.7%	$142K+12.7%	$122K+39.2%	$123K+38.3%
Total Equity	-$4.3M-114.4%	-$4.4M-119.0%	$37.0M+9503.5%	$31.4M+7438.3%	$30.2M+7371.9%	$22.9M+5658.8%	-$393K+5.2%	-$428K-2.0%
Retained Earnings	-$4.4M-65.4%	-$4.4M-24.2%	-$10.9M-4.3%	N/A	-$2.6M+74.2%	-$3.5M+65.5%	-$10.4M-2.6%	-$10.2M-3.9%

Not reported in any period shown, so not listed: Short-Term Investments, Long-Term Investments, Goodwill, Long-Term Debt.

FHLD Cash Flow Statement

FHLD quarterly cash flow statement

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20
Operating Cash Flow	-$495K+16.5%	-$593K	N/A	N/A	N/A	N/A
Depreciation & Amortization	$120K+838.7%	$13K	N/A	N/A	N/A	N/A
Stock-Based Compensation	$0	$0-100.0%	$351K	$0	$0-100.0%	$240K
Capital Expenditures	$78-99.9%	$142K	N/A	N/A	N/A	N/A
Free Cash Flow	-$495K+32.6%	-$735K	N/A	N/A	N/A	N/A
Investing Cash Flow	-$35K+97.4%	-$1.4M	N/A	N/A	N/A	N/A
Financing Cash Flow	$545K-73.1%	$2.0M	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'25	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'24	Q2'24
Operating Cash Flow	$8K-86.2%	-$9.5M-1548.4%	N/A	N/A	$57K	-$577K	-$2K	N/A
Depreciation & Amortization	$31K+344.3%	N/A	$0	N/A	$7K	N/A	$0	N/A
Stock-Based Compensation	$0	N/A	$0	N/A	$0	N/A	$0-100.0%	N/A
Capital Expenditures	$0	-$17.6M+12287.6%	N/A	N/A	N/A	$142K	N/A	N/A
Free Cash Flow	$8K	-$27.1M-3666.1%	N/A	N/A	N/A	-$719K	N/A	N/A
Investing Cash Flow	$0+100.0%	$17.5M+1393.3%	N/A	N/A	-$37K	-$1.4M	N/A	N/A
Financing Cash Flow	-$9K-255.4%	-$8.0M-497.5%	N/A	N/A	$5K	$2.0M	$5K	N/A

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

FHLD Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FHLD quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY23	FY22	FY21	FY20
Gross Margin	65.3%-29.0pp	94.3%	N/A	N/A	N/A	N/A
Operating Margin	-113.6%	-21.8%	N/A	N/A	N/A	N/A
Net Margin	-200.4%	-17.8%	N/A	N/A	N/A	N/A
Return on Equity	N/A	-0.5%	N/A	N/A	N/A	N/A
Return on Assets	-3.3%-2.3pp	-1.0%	N/A	N/A	N/A	N/A
Current Ratio	0.06-0.1x	0.12+0.1x	0.000.0x	0.000.0x	0.010.0x	0.00
Asset Turnover	0.020.0x	0.06+0.1x	0.000.0x	0.00	N/A	N/A
FCF Margin	-91.5%	-121.5%	N/A	N/A	N/A	N/A

Metric	Q1'2610-Q	Q4'2510-Q	Q3'25	Q2'25	Q1'2510-Q	Q4'2410-K	Q3'24	Q2'24
Gross Margin	88.5%+37.5pp	N/A	61.6%	N/A	51.0%	N/A	N/A	N/A
Operating Margin	2.6%-47.0pp	N/A	-126.2%	N/A	49.6%	N/A	N/A	N/A
Net Margin	2.6%-46.7pp	N/A	-126.2%	N/A	49.3%	N/A	N/A	N/A
Return on Equity	N/A	N/A	-0.5%	-0.4%	24.2%	N/A	N/A	N/A
Return on Assets	0.0%-16.3pp	N/A	-0.3%	N/A	16.3%	N/A	N/A	N/A
Current Ratio	0.07-1.4x	0.06-0.1x	2.38+2.4x	N/A	1.42+1.4x	0.12+0.1x	0.010.0x	0.000.0x
Debt-to-Equity	N/A	N/A	0.84	N/A	0.48	N/A	N/A	N/A
Asset Turnover	0.01-0.3x	N/A	0.000.0x	N/A	0.33+0.3x	N/A	0.000.0x	0.000.0x
FCF Margin	2.4%	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.

Note: Shareholder equity is negative (-$4.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.06), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
FREEDOM HLDG INC FHLD	FY2025	$541K	-$1.1M	N/A	$1.6M	—
CUMULUS MEDIA INC A CMLS	FY2025	$741.7M	-$200.7M	-27.1%	$3.6M	—
LOOP MEDIA INC LPTV	FY2024	$22.3M	-$24.5M	N/A	$3.1M	—

Where FREEDOM HLDG INC Ranks

Frequently Asked Questions

What is FREEDOM HLDG INC's annual revenue?

FREEDOM HLDG INC (FHLD) reported $541K in total revenue for fiscal year 2025. This represents a -10.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is FREEDOM HLDG INC's revenue growing?

FREEDOM HLDG INC (FHLD) revenue declined by 10.6% year-over-year, from $605K to $541K in fiscal year 2025.

Is FREEDOM HLDG INC profitable?

No, FREEDOM HLDG INC (FHLD) reported a net income of -$1.1M in fiscal year 2025.

What is FREEDOM HLDG INC's EBITDA?

FREEDOM HLDG INC (FHLD) had EBITDA of -$494K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is FREEDOM HLDG INC's gross margin?

FREEDOM HLDG INC (FHLD) had a gross margin of 65.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is FREEDOM HLDG INC's free cash flow?

FREEDOM HLDG INC (FHLD) recorded an outflow of $495K in free cash flow during fiscal year 2025. This represents a 32.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is FREEDOM HLDG INC's operating cash flow?

FREEDOM HLDG INC (FHLD) recorded an outflow of $495K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are FREEDOM HLDG INC's total assets?

FREEDOM HLDG INC (FHLD) had $32.6M in total assets as of fiscal year 2025, including both current and long-term assets.

What are FREEDOM HLDG INC's capital expenditures?

FREEDOM HLDG INC (FHLD) invested $78 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does FREEDOM HLDG INC have outstanding?

FREEDOM HLDG INC (FHLD) had 60M shares outstanding as of fiscal year 2025.

What is FREEDOM HLDG INC's current ratio?

FREEDOM HLDG INC (FHLD) had a current ratio of 0.06 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is FREEDOM HLDG INC's return on assets (ROA)?

FREEDOM HLDG INC (FHLD) had a return on assets of -3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

How does FREEDOM HLDG INC's liquidity compare with its operating cash outflow?

At the end of fiscal year 2025, FREEDOM HLDG INC (FHLD) held $90K in cash, cash equivalents and investments, and reported an operating cash outflow of $495K over that year. Dividing the one by the other, the reported balance equals about 2 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Why is FREEDOM HLDG INC's debt-to-equity ratio negative or not reported?

FREEDOM HLDG INC (FHLD) has negative shareholder equity of -$4.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is FREEDOM HLDG INC's Altman Z-Score?

FREEDOM HLDG INC (FHLD) has an Altman Z-Score of -0.60, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is FREEDOM HLDG INC's Piotroski F-Score?

FREEDOM HLDG INC (FHLD) has a Piotroski F-Score of 1 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are FREEDOM HLDG INC's earnings high quality?

FREEDOM HLDG INC (FHLD) reported a net loss of $1.1M while operations used $495K of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can FREEDOM HLDG INC cover its interest payments?

FREEDOM HLDG INC (FHLD) reported an operating loss of $614K against $150K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.