Freeze Tag Financials
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).
Freeze Tag's gross profit cushion sits over a mostly fixed overhead base, making small revenue slips disproportionately painful.
The non-obvious shift is that the problem is not just lower sales: gross margin fell to69.4% while SG&A stayed near$1.8M , so a largely fixed cost base lost its cushion. That helps explain why a business that was profitable when margin was above80.0% is now burning cash, with operating cash flow at-$267K rather than merely posting an accounting loss.
The balance sheet shows operations are no longer self-funding: cash fell to
This remains an asset-light business with historically high gross margins, but that also means there is little asset backing when losses persist; total assets ended at
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 Freeze Tag'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.
Freeze Tag has an operating margin of -22.4%, meaning the company retains $-22 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 down from -7.5% the prior year.
Freeze Tag's revenue declined 6.5% year-over-year, from $2.1M to $2.0M. This contraction results in a growth score of 28/100.
Freeze Tag carries a low D/E ratio of -0.94, meaning only $-0.94 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Freeze Tag's current ratio of 0.23 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
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.
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.
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
Earnings & Revenue
Freeze Tag generated $2.0M in revenue in fiscal year 2024. This represents a decrease of 6.5% from the prior year.
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.
Freeze Tag reported -$493K in net income in fiscal year 2024. This represents a decrease of 140.1% from the prior year.
Cash & Balance Sheet
Freeze Tag held $217K in cash against $643K in long-term debt as of fiscal year 2024.
Freeze Tag had 75M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Margins & Returns
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.
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.
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.
Capital Allocation
FRZT Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $435K-3.3% | $449K+13.7% | $395K-14.6% | $463K-13.1% | $533K+3.9% | $513K+9.3% | $469K-4.6% | $491K |
| Cost of Revenue | $94K-6.7% | $101K+0.4% | $100K-63.6% | $276K+145.6% | $112K+1.4% | $111K+4.4% | $106K-20.9% | $134K |
| Gross Profit | $340K-2.3% | $348K+18.2% | $295K+57.8% | $187K-55.6% | $420K+4.6% | $402K+10.7% | $363K+1.6% | $357K |
| 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-30.9% | $447K-8.6% | $489K-14.2% | $570K+19.2% | $478K |
| Operating Income | -$28K-52.4% | -$19K+82.3% | -$105K+13.7% | -$122K-352.7% | -$27K+69.2% | -$87K+57.8% | -$207K-71.1% | -$121K |
| Interest Expense | $20K+129.1% | $9K-35.6% | $14K-0.5% | $14K+24.4% | $11K+0.8% | $11K-0.2% | $11K-1.1% | $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-263.6% | -$38K+61.4% | -$98K+54.9% | -$218K-62.8% | -$134K |
| EPS (Diluted) | $0.00 | $0.00 | $0.00 | N/A | $0.00 | $0.00 | $0.00 | N/A |
FRZT Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $406K+8.6% | $374K-17.0% | $451K-24.2% | $594K-6.7% | $637K-1.4% | $646K-13.8% | $749K-21.8% | $958K |
| Current Assets | $138K+66.7% | $83K-38.6% | $135K-47.3% | $255K+43.1% | $178K+10.1% | $162K-32.6% | $240K-43.3% | $424K |
| Cash & Equivalents | $108K+166.2% | $41K-57.2% | $95K-56.1% | $217K+55.2% | $140K+12.8% | $124K-38.6% | $202K-47.4% | $383K |
| 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+20.1% | $20K-11.0% | $23K-2.5% | $24K+15.9% | $20K |
| 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+7.2% | $1.2M+1.7% | $1.2M-1.2% | $1.2M0.0% | $1.2M |
| Current Liabilities | $1.1M+4.6% | $1.0M-5.8% | $1.1M-3.2% | $1.1M+8.2% | $1.0M+1.9% | $1.0M-0.8% | $1.0M+0.2% | $1.0M |
| 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-23.0% | -$558K-5.4% | -$530K-20.2% | -$441K-89.8% | -$232K |
| Retained Earnings | -$10.2M-0.2% | -$10.2M-0.2% | -$10.2M-1.2% | -$10.1M-1.4% | -$9.9M-0.4% | -$9.9M-1.0% | -$9.8M-2.3% | -$9.6M |
FRZT Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15K-348.4% | $6K+108.6% | -$72K-132.8% | -$31K-267.2% | $18K+124.6% | -$75K+58.0% | -$179K-51.2% | -$118K |
| 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 | $0 |
| Financing Cash Flow | $83K+236.9% | -$61K-22.1% | -$50K-146.0% | $108K+4167.7% | -$3K-0.8% | -$3K-0.7% | -$3K-0.7% | -$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 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.3%+0.8pp | 77.6%+3.0pp | 74.6%+34.3pp | 40.3%-38.6pp | 78.9%+0.5pp | 78.4%+1.0pp | 77.3%+4.7pp | 72.7% |
| Operating Margin | -6.6%-2.4pp | -4.2%+22.5pp | -26.7%-0.3pp | -26.4%-21.3pp | -5.1%+12.0pp | -17.1%+27.1pp | -44.2%-19.5pp | -24.6% |
| Net Margin | -5.7%-0.6pp | -5.0%+24.5pp | -29.5%+0.4pp | -29.8%-22.7pp | -7.1%+12.1pp | -19.2%+27.3pp | -46.5%-19.2pp | -27.3% |
| 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%-17.3pp | -6.0%+9.3pp | -15.2%+13.9pp | -29.1%-15.1pp | -14.0% |
| Current Ratio | 0.13+0.0 | 0.08-0.0 | 0.12-0.1 | 0.23+0.1 | 0.17+0.0 | 0.16-0.1 | 0.23-0.2 | 0.41 |
| Debt-to-Equity | -0.76+0.7 | -1.46-0.7 | -0.75+0.2 | -0.94+1.2 | -2.14+0.1 | -2.22+0.5 | -2.70+2.4 | -5.12 |
| 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 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.
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 to 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.
How financially healthy is Freeze Tag?
Freeze Tag (FRZT) scores 21 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.