Flash Sports & Media Holdings, Inc. Financials

FLZH

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Flash Sports & Media Holdings, Inc. (FLZH) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 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).

Financial Health Signals

Financial Profile 4/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Flash Sports & Media Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

Flash Sports & Media Holdings, Inc. has elevated debt relative to equity (D/E of -1.01), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 22/100, reflecting increased financial risk.

Liquidity

Flash Sports & Media Holdings, Inc.'s current ratio of 0.00 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$543K

YoY+118.4%

Flash Sports & Media Holdings, Inc. generated $543K in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 118.4% from the prior year.

Cash & Debt

$11K

YoY-98.7%

5Y CAGR-43.5%

Flash Sports & Media Holdings, Inc. held $11K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

18M

Flash Sports & Media Holdings, Inc. had 18M shares outstanding in fiscal year 2025. This represents an increase of 3415.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$298K

YoY+127.0%

5Y CAGR+11.1%

Flash Sports & Media Holdings, Inc. invested $298K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 127.0% from the prior year.

FLZH Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	$31.2M-55.4%	$69.9M+5.5%	$66.3M+6.7%	$62.1M+140.4%	$25.8M
Cost of Revenue	N/A	$31.6M-47.4%	$60.0M+10.9%	$54.1M+14.3%	$47.4M+135.3%	$20.1M
Gross Profit	$175K+144.9%	-$389K-103.9%	$9.9M-18.5%	$12.2M-17.6%	$14.8M+158.2%	$5.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$21.0M-16.9%	$25.3M+13.3%	$22.3M+73.6%	$12.9M+93.0%	$6.7M
Operating Income	N/A	-$28.4M-22.1%	-$23.3M-55.9%	-$14.9M-7193.3%	-$205K+92.5%	-$2.7M
Interest Expense	N/A	N/A	N/A	$0-100.0%	$636K	N/A
Income Tax	-$15K+50.8%	-$30K-131.5%	$94K+109.6%	-$983K	$0	N/A
Net Income	N/A	-$36.5M-43.5%	-$25.4M-66.8%	-$15.3M-1642.1%	-$876K+82.7%	-$5.1M
EPS (Diluted)	N/A	$-2.62	$-2.34-66.0%	$-1.41-1466.7%	$-0.09	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	$2.4M-69.3%	$7.8M-18.4%	$9.5M	N/A	$8.0M-55.6%	$17.9M
Cost of Revenue	N/A	N/A	$2.6M-66.9%	$7.7M-13.3%	$8.9M	N/A	$8.6M-44.4%	$15.5M
Gross Profit	N/A	N/A	-$172K-483.9%	$45K-92.7%	$610K	N/A	-$662K-127.5%	$2.4M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$407K	N/A	$2.0M-66.0%	$5.8M+838.0%	$619K	N/A	$3.6M-22.9%	$4.7M
Operating Income	-$2.1M	N/A	-$2.2M+62.5%	-$6.0M-862.3%	-$619K	N/A	-$3.2M-19.8%	-$2.7M
Interest Expense	$0	N/A	N/A	N/A	$109K	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	-$15K	N/A	-$14K+71.7%	-$48K
Net Income	-$3.2M	N/A	-$4.8M+22.0%	-$6.2M-53.8%	-$4.0M	N/A	-$3.8M-26.8%	-$3.0M
EPS (Diluted)	$-3.92	N/A	N/A	$-10.64	$-7.78	N/A	$-0.30+95.0%	$-5.99

FLZH Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$332K-98.3%	$19.5M-60.6%	$49.5M-17.9%	$60.3M-18.7%	$74.2M+808.7%	$8.2M
Current Assets	$11K-99.9%	$15.8M-52.0%	$32.9M-1.3%	$33.3M-44.0%	$59.5M+1034.0%	$5.2M
Cash & Equivalents	$11K-98.7%	$819K-23.8%	$1.1M-90.9%	$11.8M-66.0%	$34.6M+18652.3%	$184K
Inventory	N/A	N/A	N/A	$320K-37.8%	$515K-4.2%	$537K
Accounts Receivable	N/A	$6.1M-71.8%	$21.6M+43.1%	$15.1M+15.3%	$13.1M+1243.8%	$977K
Goodwill	$0	$0-100.0%	$9.7M-35.5%	$15.0M+87.9%	$8.0M+786.0%	$902K
Total Liabilities	$45.5M+3.1%	$44.1M+11.9%	$39.4M+36.1%	$29.0M+11.5%	$26.0M+66.9%	$15.6M
Current Liabilities	$45.4M+7.3%	$42.3M+11.3%	$38.0M+41.1%	$26.9M+7.7%	$25.0M+71.9%	$14.5M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	$1.0M
Total Equity	-$45.2M-83.3%	-$24.6M-344.3%	$10.1M-67.8%	$31.3M-30.7%	$45.2M+709.9%	-$7.4M
Retained Earnings	-$124.9M-21.5%	-$102.8M-55.1%	-$66.3M-62.3%	-$40.8M-78.8%	-$22.8M-4.0%	-$22.0M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$263.0M+79129.0%	$332K-89.5%	$3.2M-68.0%	$9.9M-38.3%	$16.1M-17.5%	$19.5M-60.4%	$49.2M-10.5%	$55.0M
Current Assets	$3.6M+33856.2%	$11K-99.5%	$2.2M-70.2%	$7.4M-44.8%	$13.4M-15.1%	$15.8M-53.2%	$33.8M-14.2%	$39.4M
Cash & Equivalents	$305K+2766.8%	$11K-83.1%	$63K-91.3%	$721K+3.5%	$697K-14.9%	$819K-28.0%	$1.1M+195.4%	$385K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$2.9M	N/A	$352K-88.5%	$3.1M-44.9%	$5.6M-9.1%	$6.1M-74.6%	$24.0M-16.9%	$28.9M
Goodwill	$122.8M	$0	N/A	$1.1M0.0%	$1.1M	$0-100.0%	$9.7M0.0%	$9.7M
Total Liabilities	$65.9M+44.8%	$45.5M+8.1%	$42.1M-4.7%	$44.2M-0.4%	$44.3M+0.4%	$44.1M-5.7%	$46.8M-4.9%	$49.2M
Current Liabilities	$65.8M+44.9%	$45.4M+8.3%	$41.9M-3.9%	$43.6M+0.3%	$43.5M+2.8%	$42.3M-7.4%	$45.7M-4.9%	$48.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$197.1M+536.4%	-$45.2M-16.1%	-$38.9M-13.6%	-$34.2M-21.2%	-$28.2M-14.6%	-$24.6M-1129.9%	$2.4M-58.8%	$5.8M
Retained Earnings	-$128.1M-2.6%	-$124.9M-6.0%	-$117.8M-4.3%	-$113.0M-5.8%	-$106.8M-3.9%	-$102.8M-36.0%	-$75.6M-5.2%	-$71.8M

FLZH Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$841K+129.8%	-$2.8M+73.2%	-$10.5M+17.6%	-$12.8M-717.0%	-$1.6M+57.0%	-$3.6M
Capital Expenditures	$298K+127.0%	$131K-75.7%	$540K-20.0%	$675K+130.9%	$292K+66.2%	$176K
Free Cash Flow	$543K+118.4%	-$3.0M+73.3%	-$11.1M+17.8%	-$13.4M-624.6%	-$1.9M+51.3%	-$3.8M
Investing Cash Flow	N/A	-$131K-107.0%	$1.9M+143.5%	-$4.3M+48.1%	-$8.3M-4638.0%	-$176K
Financing Cash Flow	N/A	$2.7M+231.8%	-$2.0M+62.9%	-$5.5M-112.4%	$44.3M+1150.1%	$3.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0-100.0%	$4.4M-43.2%	$7.7M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$370K-193.0%	$398K+118.2%	-$2.2M-627.8%	$414K-81.3%	$2.2M+206.7%	-$2.1M-304.5%	$1.0M+142.4%	-$2.4M
Capital Expenditures	N/A	$185K	$0-100.0%	$49K-22.6%	$64K+88.8%	$34K-34.5%	$52K	N/A
Free Cash Flow	N/A	$213K+109.7%	-$2.2M-699.3%	$365K-83.0%	$2.2M+202.0%	-$2.1M-319.0%	$962K	N/A
Investing Cash Flow	-$56K+73.4%	-$209K-110.3%	$2.0M+52423.8%	-$4K-128.2%	$14K+140.7%	-$34K+34.5%	-$52K+5.3%	-$54K
Financing Cash Flow	$720K+399.2%	-$241K+52.4%	-$505K-31.0%	-$386K+83.6%	-$2.3M-231.3%	$1.8M+950.7%	-$210K-109.7%	$2.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FLZH Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	-1.3%-15.4pp	14.2%-4.2pp	18.3%-5.4pp	23.8%+1.6pp	22.1%
Operating Margin	N/A	-91.1%-57.8pp	-33.3%-10.8pp	-22.5%-22.2pp	-0.3%+10.3pp	-10.6%
Net Margin	N/A	-117.0%-80.6pp	-36.4%-13.4pp	-23.0%-21.6pp	-1.4%+18.2pp	-19.6%
Return on Equity	N/A	N/A	-252.2%-203.5pp	-48.7%-46.8pp	-1.9%	N/A
Return on Assets	N/A	-187.2%-135.8pp	-51.4%-26.1pp	-25.3%-24.1pp	-1.2%+61.0pp	-62.2%
Current Ratio	0.00-0.4	0.37-0.5	0.87-0.4	1.24-1.1	2.38+2.0	0.36
Debt-to-Equity	-1.01+0.8	-1.79-5.7	3.91+3.0	0.93+0.3	0.58+0.7	-0.14
FCF Margin	N/A	-9.5%+6.3pp	-15.8%+4.5pp	-20.3%-17.3pp	-3.0%+11.8pp	-14.7%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	-7.2%-7.8pp	0.6%-5.8pp	6.4%	N/A	-8.3%-21.7pp	13.4%
Operating Margin	N/A	N/A	-93.8%-17.1pp	-76.7%-70.2pp	-6.5%	N/A	-40.2%-25.3pp	-14.9%
Net Margin	N/A	N/A	-203.1%-123.2pp	-79.9%-37.5pp	-42.4%	N/A	-47.1%-30.6pp	-16.5%
Return on Equity	-1.6%	N/A	N/A	N/A	N/A	N/A	-157.1%-106.0pp	-51.1%
Return on Assets	-1.2%	N/A	-152.7%-90.2pp	-62.5%-37.5pp	-25.1%	N/A	-7.6%-2.2pp	-5.4%
Current Ratio	0.05+0.1	0.00-0.1	0.05-0.1	0.17-0.1	0.31-0.1	0.37-0.4	0.74-0.1	0.82
Debt-to-Equity	0.33+1.3	-1.01+0.1	-1.08+0.2	-1.29+0.3	-1.57+0.2	-1.79-21.4	19.57+11.1	8.47
FCF Margin	N/A	N/A	-91.7%-96.4pp	4.7%-17.9pp	22.6%	N/A	12.1%	N/A

Note: Shareholder equity is negative (-$45.2M), 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 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Flash Sports & Media Holdings, Inc.'s free cash flow?

Flash Sports & Media Holdings, Inc. (FLZH) generated $543K in free cash flow during fiscal year 2025. This represents a 118.4% 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 Flash Sports & Media Holdings, Inc.'s operating cash flow?

Flash Sports & Media Holdings, Inc. (FLZH) generated $841K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Flash Sports & Media Holdings, Inc.'s total assets?

Flash Sports & Media Holdings, Inc. (FLZH) had $332K in total assets as of fiscal year 2025, including both current and long-term assets.

What are Flash Sports & Media Holdings, Inc.'s capital expenditures?

Flash Sports & Media Holdings, Inc. (FLZH) invested $298K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Flash Sports & Media Holdings, Inc. have outstanding?

Flash Sports & Media Holdings, Inc. (FLZH) had 18M shares outstanding as of fiscal year 2025.

What is Flash Sports & Media Holdings, Inc.'s current ratio?

Flash Sports & Media Holdings, Inc. (FLZH) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Flash Sports & Media Holdings, Inc.'s debt-to-equity ratio?

Flash Sports & Media Holdings, Inc. (FLZH) had a debt-to-equity ratio of -1.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Why is Flash Sports & Media Holdings, Inc.'s debt-to-equity ratio negative or unusual?

Flash Sports & Media Holdings, Inc. (FLZH) has negative shareholder equity of -$45.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

How financially healthy is Flash Sports & Media Holdings, Inc.?

Flash Sports & Media Holdings, Inc. (FLZH) scores 4 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.