Freeze Tag Financials

FRZT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Freeze Tag (FRZT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

Piotroski F-Score Weak

3/9

Freeze Tag passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.54x

For every $1 of reported earnings, Freeze Tag generates $0.54 in operating cash flow (-$267K OCF vs -$493K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-9.5x

Freeze Tag earns $-9.5 in operating income for every $1 of interest expense (-$444K vs $47K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Revenue

$2.0M

YoY-6.5%

5Y CAGR-1.0%

10Y CAGR+43.4%

Freeze Tag generated $2.0M in revenue in fiscal year 2024. This represents a decrease of 6.5% from the prior year.

EBITDA

-$342K

YoY-190.1%

Freeze Tag's EBITDA was -$342K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 190.1% from the prior year.

Free Cash Flow

N/A

Net Income

-$493K

YoY-140.1%

Freeze Tag reported -$493K in net income in fiscal year 2024. This represents a decrease of 140.1% from the prior year.

EPS (Diluted)

$0.00

Freeze Tag earned $0.00 per diluted share (EPS) in fiscal year 2024.

Cash & Debt

$217K

YoY-43.5%

5Y CAGR-3.2%

10Y CAGR+30.9%

Freeze Tag held $217K in cash against $643K in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

75M

YoY+0.0%

5Y CAGR+0.0%

Freeze Tag had 75M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Gross Margin

69.4%

YoY-10.4pp

5Y CAGR-16.9pp

10Y CAGR+278.2pp

Freeze Tag's gross margin was 69.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 10.4 percentage points from the prior year.

Operating Margin

-22.4%

YoY-15.0pp

5Y CAGR-17.5pp

10Y CAGR+1264.5pp

Freeze Tag's operating margin was -22.4% in fiscal year 2024, reflecting core business profitability. This is down 15.0 percentage points from the prior year.

Net Margin

-24.9%

YoY-15.2pp

5Y CAGR-18.1pp

10Y CAGR+2499.5pp

Freeze Tag's net profit margin was -24.9% in fiscal year 2024, showing the share of revenue converted to profit. This is down 15.2 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

FRZT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$2.0M-6.5%	$2.1M+0.8%	$2.1M-1.7%	$2.1M+20.0%	$1.8M-14.6%	$2.1M
Cost of Revenue	$606K+41.3%	$429K+16.9%	$367K+32.8%	$276K+11.2%	$248K-13.5%	$287K
Gross Profit	$1.4M-18.7%	$1.7M-2.6%	$1.7M-6.9%	$1.9M+21.5%	$1.5M-14.8%	$1.8M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.8M-1.6%	$1.8M+11.2%	$1.7M-2.1%	$1.7M-4.9%	$1.8M-6.2%	$1.9M
Operating Income	-$444K-180.8%	-$158K-315.9%	$73K-56.0%	$166K+166.3%	-$251K-144.6%	-$103K
Interest Expense	$47K+2.8%	$45K-4.1%	$47K-3.0%	$49K+8.6%	$45K+11.0%	$40K
Income Tax	$800-56.3%	$2K+17.8%	$2K+6.9%	$1K	$0-100.0%	$800
Net Income	-$493K-140.1%	-$205K-202.2%	$201K-30.9%	$290K+207.7%	-$270K-89.0%	-$143K
EPS (Diluted)	$0.00	$0.00	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$435K-3.3%	$449K+13.7%	$395K-14.6%	$463K-9.7%	$513K+9.3%	$469K-4.6%	$491K-7.8%	$533K
Cost of Revenue	$94K-6.7%	$101K+0.4%	$100K-63.6%	$276K+148.9%	$111K+4.4%	$106K-20.9%	$134K+33.3%	$101K
Gross Profit	$340K-2.3%	$348K+18.2%	$295K+57.8%	$187K-53.5%	$402K+10.7%	$363K+1.6%	$357K-17.4%	$432K
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$369K+0.5%	$367K-8.2%	$400K+29.6%	$309K-36.9%	$489K-14.2%	$570K+19.2%	$478K+1.8%	$470K
Operating Income	-$28K-52.4%	-$19K+82.3%	-$105K+13.7%	-$122K-39.6%	-$87K+57.8%	-$207K-71.1%	-$121K-223.2%	-$37K
Interest Expense	$20K+129.1%	$9K-35.6%	$14K-0.5%	$14K+25.4%	$11K-0.2%	$11K-1.1%	$11K-0.2%	$11K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$25K-9.4%	-$22K+80.7%	-$116K+15.7%	-$138K-40.4%	-$98K+54.9%	-$218K-62.8%	-$134K-175.9%	-$49K
EPS (Diluted)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	N/A	N/A

FRZT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$594K-37.9%	$958K-17.7%	$1.2M+7.2%	$1.1M+44.2%	$753K+24.2%	$606K
Current Assets	$255K-39.8%	$424K-45.1%	$772K-0.9%	$778K+50.9%	$516K+82.8%	$282K
Cash & Equivalents	$217K-43.5%	$383K-48.3%	$741K-1.5%	$753K+53.1%	$492K+93.0%	$255K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$24K+20.7%	$20K+20.3%	$17K+28.1%	$13K+14.8%	$11K+17.4%	$10K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.3M+7.7%	$1.2M-3.1%	$1.2M-11.6%	$1.4M-2.6%	$1.4M+30.9%	$1.1M
Current Liabilities	$1.1M+9.7%	$1.0M-2.3%	$1.1M-1.5%	$1.1M-9.5%	$1.2M+74.7%	$678K
Long-Term Debt	$643K	N/A	N/A	N/A	$0	N/A
Total Equity	-$687K-195.6%	-$232K-256.8%	-$65K+78.6%	-$304K+54.9%	-$674K-39.2%	-$484K
Retained Earnings	-$10.1M-5.1%	-$9.6M-2.2%	-$9.4M+2.1%	-$9.6M+2.9%	-$9.9M-2.8%	-$9.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$406K+8.6%	$374K-17.0%	$451K-24.2%	$594K-8.0%	$646K-13.8%	$749K-21.8%	$958K	N/A
Current Assets	$138K+66.7%	$83K-38.6%	$135K-47.3%	$255K+57.6%	$162K-32.6%	$240K-43.3%	$424K	N/A
Cash & Equivalents	$108K+166.2%	$41K-57.2%	$95K-56.1%	$217K+75.0%	$124K-38.6%	$202K-47.4%	$383K-24.0%	$504K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$21K-10.3%	$24K+14.3%	$21K-14.8%	$24K+6.8%	$23K-2.5%	$24K+15.9%	$20K	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.2M+4.0%	$1.2M-5.1%	$1.2M-2.9%	$1.3M+9.0%	$1.2M-1.2%	$1.2M0.0%	$1.2M	N/A
Current Liabilities	$1.1M+4.6%	$1.0M-5.8%	$1.1M-3.2%	$1.1M+10.3%	$1.0M-0.8%	$1.0M+0.2%	$1.0M	N/A
Long-Term Debt	$626K	N/A	$593K-7.7%	$643K	N/A	N/A	N/A	N/A
Total Equity	-$822K-1.9%	-$807K-1.6%	-$794K-15.6%	-$687K-29.6%	-$530K-20.2%	-$441K-89.8%	-$232K-115.3%	-$108K
Retained Earnings	-$10.2M-0.2%	-$10.2M-0.2%	-$10.2M-1.2%	-$10.1M-1.8%	-$9.9M-1.0%	-$9.8M-2.3%	-$9.6M	N/A

FRZT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$267K-61.3%	-$165K-200.0%	$165K-44.9%	$300K+454.1%	-$85K-55.7%	-$54K
Capital Expenditures	N/A	N/A	N/A	$0-100.0%	$47K	$0
Free Cash Flow	N/A	N/A	N/A	$300K+328.5%	-$131K-141.3%	-$54K
Investing Cash Flow	$0+100.0%	-$182K-9.1%	-$167K+18.0%	-$204K-342.6%	-$46K	$0
Financing Cash Flow	$100K+1074.1%	-$10K-2.9%	-$10K-106.1%	$165K-55.2%	$368K	$0
Dividends Paid	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

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$15K-348.4%	$6K+108.6%	-$72K-132.8%	-$31K+58.9%	-$75K+58.0%	-$179K-51.2%	-$118K-182.6%	-$42K
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0	$0	$0	$0	$0	$0+100.0%	-$52K
Financing Cash Flow	$83K+236.9%	-$61K-22.1%	-$50K-146.0%	$108K+4200.1%	-$3K-0.7%	-$3K-0.7%	-$3K-0.8%	-$3K
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

FRZT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	69.4%-10.4pp	79.7%-2.8pp	82.5%-4.5pp	87.1%+1.0pp	86.1%-0.2pp	86.2%
Operating Margin	-22.4%-15.0pp	-7.5%-11.0pp	3.5%-4.3pp	7.8%+21.9pp	-14.1%-9.2pp	-4.9%
Net Margin	-24.9%-15.2pp	-9.7%-19.3pp	9.6%-4.0pp	13.6%+28.7pp	-15.2%-8.3pp	-6.9%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-82.9%-61.5pp	-21.4%-38.7pp	17.3%-9.5pp	26.8%+62.6pp	-35.8%-12.3pp	-23.5%
Current Ratio	0.23-0.2	0.41-0.3	0.730.0	0.73+0.3	0.44+0.0	0.42
Debt-to-Equity	-0.94+4.2	-5.12+13.7	-18.86-14.3	-4.57-4.6	0.00+2.3	-2.25
FCF Margin	N/A	N/A	N/A	14.1%+21.4pp	-7.4%-4.8pp	-2.6%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	78.3%+0.8pp	77.6%+3.0pp	74.6%+34.3pp	40.3%-38.0pp	78.4%+1.0pp	77.3%+4.7pp	72.7%-8.4pp	81.1%
Operating Margin	-6.6%-2.4pp	-4.2%+22.5pp	-26.7%-0.3pp	-26.4%-9.3pp	-17.1%+27.1pp	-44.2%-19.5pp	-24.6%-17.6pp	-7.0%
Net Margin	-5.7%-0.6pp	-5.0%+24.5pp	-29.5%+0.4pp	-29.8%-10.7pp	-19.2%+27.3pp	-46.5%-19.2pp	-27.3%-18.2pp	-9.1%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	-6.0%-0.0pp	-6.0%+19.8pp	-25.8%-2.6pp	-23.3%-8.0pp	-15.2%+13.9pp	-29.1%-15.1pp	-14.0%	N/A
Current Ratio	0.13+0.0	0.08-0.0	0.12-0.1	0.23+0.1	0.16-0.1	0.23-0.2	0.41	N/A
Debt-to-Equity	-0.76+0.7	-1.46-0.7	-0.75+0.2	-0.94+1.3	-2.22+0.5	-2.70+2.4	-5.12	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$687K), 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 (0.23), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Freeze Tag's annual revenue?

Freeze Tag (FRZT) reported $2.0M in total revenue for fiscal year 2024. This represents a -6.5% 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 Freeze Tag's revenue growing?

Freeze Tag (FRZT) revenue declined by 6.5% year-over-year, from $2.1M to $2.0M in fiscal year 2024.

Is Freeze Tag profitable?

No, Freeze Tag (FRZT) reported a net income of -$493K in fiscal year 2024, with a net profit margin of -24.9%.

What is Freeze Tag's earnings per share (EPS)?

Freeze Tag (FRZT) reported diluted earnings per share of $0.00 for fiscal year 2024. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Freeze Tag's EBITDA?

Freeze Tag (FRZT) had EBITDA of -$342K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Freeze Tag have?

As of fiscal year 2024, Freeze Tag (FRZT) had $217K in cash and equivalents against $643K in long-term debt.

What is Freeze Tag's gross margin?

Freeze Tag (FRZT) had a gross margin of 69.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Freeze Tag's operating margin?

Freeze Tag (FRZT) had an operating margin of -22.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Freeze Tag's net profit margin?

Freeze Tag (FRZT) had a net profit margin of -24.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Freeze Tag's operating cash flow?

Freeze Tag (FRZT) generated -$267K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Freeze Tag's total assets?

Freeze Tag (FRZT) had $594K in total assets as of fiscal year 2024, including both current and long-term assets.

How many shares does Freeze Tag have outstanding?

Freeze Tag (FRZT) had 75M shares outstanding as of fiscal year 2024.

What is Freeze Tag's current ratio?

Freeze Tag (FRZT) had a current ratio of 0.23 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Freeze Tag's debt-to-equity ratio?

Freeze Tag (FRZT) had a debt-to-equity ratio of -0.94 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Freeze Tag's return on assets (ROA)?

Freeze Tag (FRZT) had a return on assets of -82.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Freeze Tag's cash runway?

Based on fiscal year 2024 data, Freeze Tag (FRZT) had $217K in cash against an annual operating cash burn of $267K. This gives an estimated cash runway of approximately 10 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 Freeze Tag's debt-to-equity ratio negative or unusual?

Freeze Tag (FRZT) has negative shareholder equity of -$687K 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 Freeze Tag's Piotroski F-Score?

Freeze Tag (FRZT) has a Piotroski F-Score of 3 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Freeze Tag's earnings high quality?

Freeze Tag (FRZT) has an earnings quality ratio of 0.54x, 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 Freeze Tag cover its interest payments?

Freeze Tag (FRZT) has an interest coverage ratio of -9.5x, 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.