Frequency Hldgs Financials
This page shows Frequency Hldgs (FRQN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 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
Based on FY2024 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 Frequency Hldgs'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.
Frequency Hldgs has an operating margin of -117.6%, meaning the company retains $-118 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -206.9% the prior year.
Frequency Hldgs's revenue surged 27.4% year-over-year to $4.8M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Frequency Hldgs has a moderate D/E ratio of -0.11. This balance of debt and equity financing earns a leverage score of 53/100.
Frequency Hldgs's current ratio of 0.04 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Frequency Hldgs passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Frequency Hldgs generates $-0.21 in operating cash flow (-$928K OCF vs $4.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Frequency Hldgs earns $-3.2 in operating income for every $1 of interest expense (-$5.7M vs $1.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Frequency Hldgs generated $4.8M in revenue in fiscal year 2024. This represents an increase of 27.4% from the prior year.
Frequency Hldgs's EBITDA was -$5.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 28.9% from the prior year.
Frequency Hldgs reported $4.4M in net income in fiscal year 2024. This represents an increase of 119.2% from the prior year.
Frequency Hldgs earned $0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 114.3% from the prior year.
Cash & Balance Sheet
Frequency Hldgs held $275K in cash against $1.8M in long-term debt as of fiscal year 2024.
Frequency Hldgs had 384M shares outstanding in fiscal year 2024. This represents an increase of 9.9% from the prior year.
Margins & Returns
Frequency Hldgs's gross margin was 61.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 29.8 percentage points from the prior year.
Frequency Hldgs's operating margin was -117.6% in fiscal year 2024, reflecting core business profitability. This is up 89.3 percentage points from the prior year.
Frequency Hldgs's net profit margin was 91.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 698.1 percentage points from the prior year.
Capital Allocation
FRQN Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $250K-72.8% | $919K+122.4% | $413K+13.6% | $364K-64.9% | $1.0M-21.1% | $1.3M-29.1% | $1.9M+182.4% | $657K |
| Cost of Revenue | $111K-62.3% | $295K+3516.1% | $8K-94.5% | $148K-41.6% | $253K-35.3% | $390K-73.7% | $1.5M+293.8% | $377K |
| Gross Profit | $139K-77.7% | $624K+54.0% | $405K+87.4% | $216K-72.4% | $784K-15.2% | $924K+149.7% | $370K+32.2% | $280K |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $208K-15.3% | $245K+1036.8% | $22K-94.8% | $415K+307.1% | $102K-70.6% | $346K | N/A | $240K |
| Operating Income | -$381K-421.7% | $118K+102.8% | -$4.2M-89.4% | -$2.2M-1059.4% | -$192K+69.7% | -$632K+84.5% | -$4.1M-1662.4% | -$232K |
| Interest Expense | $113K-67.3% | $346K+19.2% | $290K-50.2% | $583K+67.5% | $348K-20.0% | $435K+162.7% | $165K+107.8% | $80K |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $1.3M-80.3% | $6.5M | N/A | N/A | -$1.6M | N/A | -$266K |
| EPS (Diluted) | $0.00 | $0.00-100.0% | $0.02 | N/A | $0.00 | $0.00+100.0% | $-0.10 | N/A |
FRQN Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $102K-20.8% | $129K+136.1% | -$358K-166.4% | $540K-77.1% | $2.4M-14.1% | $2.7M-47.1% | $5.2M-48.1% | $10.0M |
| Current Assets | $102K-20.8% | $129K | N/A | $500K-24.8% | $665K+20.8% | $551K-37.2% | $876K+34.0% | $654K |
| Cash & Equivalents | $30K-54.4% | $66K | N/A | $275K+31.7% | $209K+153.8% | $82K-77.2% | $361K | $0 |
| Inventory | N/A | N/A | $0 | $0 | $0 | $0 | $0-100.0% | $59K |
| Accounts Receivable | $38K+69.8% | $22K | N/A | $165K-55.9% | $373K-8.0% | $406K+69.2% | $240K-17.9% | $292K |
| Goodwill | N/A | N/A | N/A | N/A | $1.2M-9.0% | $1.3M-59.7% | $3.3M-57.5% | $7.9M |
| Total Liabilities | $6.1M-23.4% | $7.9M-10.1% | $8.8M-45.8% | $16.3M-25.1% | $21.7M-38.6% | $35.3M+28.4% | $27.5M+160.9% | $10.5M |
| Current Liabilities | $4.7M-29.9% | $6.7M-17.2% | $8.0M-40.3% | $13.5M-28.8% | $18.9M-40.5% | $31.8M+29.4% | $24.6M+291.1% | $6.3M |
| Long-Term Debt | N/A | N/A | N/A | $1.8M-20.0% | $2.3M0.0% | $2.3M0.0% | $2.3M | N/A |
| Total Equity | -$6.0M+23.5% | -$7.8M+15.0% | -$9.2M+41.7% | -$15.7M+20.2% | -$19.7M+40.2% | -$32.9M-45.3% | -$22.7M-9046.9% | -$248K |
| Retained Earnings | -$11.8M+11.4% | -$13.3M+8.0% | -$14.4M+30.9% | -$20.9M+6.9% | -$22.4M+37.2% | -$35.6M-44.3% | -$24.7M-773.5% | -$2.8M |
FRQN Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$115K-174.3% | $155K+136.4% | -$426K-2.0% | -$418K-441.1% | $123K+126.4% | -$464K+55.9% | -$1.1M-598.0% | $211K |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0 | $0+100.0% | -$28K | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | $123K+126.4% | -$464K+57.0% | -$1.1M-611.0% | $211K |
| Investing Cash Flow | N/A | N/A | N/A | $54K | $0+100.0% | -$121K+89.3% | -$1.1M | $0 |
| Financing Cash Flow | $79K+189.1% | -$89K-158.9% | $151K-64.9% | $430K+10110.6% | $4K-98.5% | $275K-77.5% | $1.2M+81.3% | $674K |
| 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 |
FRQN Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.5%-12.4pp | 67.9%-30.2pp | 98.0%+38.6pp | 59.4%-16.2pp | 75.6%+5.3pp | 70.3%+50.3pp | 20.0%-22.6pp | 42.6% |
| Operating Margin | -152.1%-165.0pp | 12.9%+1032.4pp | -1019.5%-408.0pp | -611.5%-593.0pp | -18.5%+29.6pp | -48.1%+172.1pp | -220.2%-184.9pp | -35.3% |
| Net Margin | N/A | 140.4%-1442.2pp | 1582.6% | N/A | N/A | -124.6% | N/A | -40.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | 999.4%+2825.9pp | -1826.5% | N/A | N/A | -59.6% | N/A | -2.7% |
| Current Ratio | 0.020.0 | 0.02 | N/A | 0.040.0 | 0.04+0.0 | 0.02-0.0 | 0.04-0.1 | 0.10 |
| Debt-to-Equity | -1.020.0 | -1.02-0.1 | -0.96-0.8 | -0.110.0 | -0.11-0.0 | -0.07+0.0 | -0.10+42.4 | -42.54 |
| FCF Margin | N/A | N/A | N/A | N/A | 11.8%+47.2pp | -35.4%+22.9pp | -58.3%-90.5pp | 32.2% |
Note: Shareholder equity is negative (-$15.7M), 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 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Frequently Asked Questions
What is Frequency Hldgs's annual revenue?
Frequency Hldgs (FRQN) reported $4.8M in total revenue for fiscal year 2024. This represents a 27.4% 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 Frequency Hldgs's revenue growing?
Frequency Hldgs (FRQN) revenue grew by 27.4% year-over-year, from $3.8M to $4.8M in fiscal year 2024.
Is Frequency Hldgs profitable?
Yes, Frequency Hldgs (FRQN) reported a net income of $4.4M in fiscal year 2024, with a net profit margin of 91.4%.
What is Frequency Hldgs's EBITDA?
Frequency Hldgs (FRQN) had EBITDA of -$5.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Frequency Hldgs have?
As of fiscal year 2024, Frequency Hldgs (FRQN) had $275K in cash and equivalents against $1.8M in long-term debt.
What is Frequency Hldgs's gross margin?
Frequency Hldgs (FRQN) had a gross margin of 61.8% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Frequency Hldgs's operating margin?
Frequency Hldgs (FRQN) had an operating margin of -117.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Frequency Hldgs's net profit margin?
Frequency Hldgs (FRQN) had a net profit margin of 91.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Frequency Hldgs's operating cash flow?
Frequency Hldgs (FRQN) generated -$928K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Frequency Hldgs's total assets?
Frequency Hldgs (FRQN) had $540K in total assets as of fiscal year 2024, including both current and long-term assets.
What is Frequency Hldgs's current ratio?
Frequency Hldgs (FRQN) had a current ratio of 0.04 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Frequency Hldgs's debt-to-equity ratio?
Frequency Hldgs (FRQN) had a debt-to-equity ratio of -0.11 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Frequency Hldgs's return on assets (ROA)?
Frequency Hldgs (FRQN) had a return on assets of 814.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Frequency Hldgs's cash runway?
Based on fiscal year 2024 data, Frequency Hldgs (FRQN) had $275K in cash against an annual operating cash burn of $928K. This gives an estimated cash runway of approximately 4 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Frequency Hldgs's debt-to-equity ratio negative or unusual?
Frequency Hldgs (FRQN) has negative shareholder equity of -$15.7M as of fiscal year 2024, 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.
What is Frequency Hldgs's Piotroski F-Score?
Frequency Hldgs (FRQN) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 Frequency Hldgs's earnings high quality?
Frequency Hldgs (FRQN) has an earnings quality ratio of -0.21x, considered low quality (accrual-driven). 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 Frequency Hldgs cover its interest payments?
Frequency Hldgs (FRQN) has an interest coverage ratio of -3.2x, meaning it can struggle to cover its interest obligations. 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.
How financially healthy is Frequency Hldgs?
Frequency Hldgs (FRQN) scores 25 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.