Freeze Tag (FRZT) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2025, filed Nov 17, 2025. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FRZT SEC filings page.
Freeze Tag Inc (FRZT) reported $1.7M in revenue over the twelve months to Sep 30, 2025, down 13.2% from the prior twelve months. This page shows its 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.
The business is facing shrinking gross profit while fixed operating costs and liabilities leave less financial flexibility.
In FY2024, revenue fell6.5% while cost of revenue rose41.3% , showing costs worsened even before overhead. That combination compressed gross margin to69.4% and operating margin to-22.4% , meaning deterioration reached beyond direct production costs into overall operating economics.
FY2024 paired a net loss of
The balance sheet is liability-heavy: total liabilities of
Financial Health Signals
We do not publish a peer-relative financial health score for Freeze Tag Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Freeze Tag Inc scores -24.63, below the 1.81 distress threshold. The score is pulled down most by an accumulated deficit of $10.1M against total assets of $594K. 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.
Freeze Tag Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 operating efficiency signals passes.
Freeze Tag Inc reported a net loss of $493K while operations used $267K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Freeze Tag Inc reported an operating loss of $444K against $47K 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
Earnings & Revenue
Freeze Tag Inc generated $435K in revenue in Q3 2025. This represents a decrease of 18.4% from the same quarter a year earlier. Against the prior quarter it is down 3.3%.
Freeze Tag Inc's EBITDA was -$5K in Q3 2025, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is down 225.0%.
Freeze Tag Inc reported a net loss of $25K in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Freeze Tag Inc earned $0.00 per diluted share (EPS) in Q3 2025. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Freeze Tag Inc held $108K in cash against $626K in long-term debt as of Q3 2025.
Not reported for Q3 2025.
Not reported for Q3 2025.
Margins & Returns
Freeze Tag Inc's gross margin was 78.3% in Q3 2025, indicating the percentage of revenue retained after direct costs. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.
Freeze Tag Inc's operating margin was -6.6% in Q3 2025, reflecting core business profitability. This is down 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.4 percentage points.
Freeze Tag Inc's net profit margin was -5.7% in Q3 2025, showing the share of revenue converted to profit. This is up 1.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.6 percentage points.
Not reported for Q3 2025.
Capital Allocation
None of these metrics is reported for Q3 2025.
FRZT 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.
| Metric | Q3'2510-Q | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'2410-Q | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $435K-18.4% | $449K-12.4% | $395K-15.8% | $463K-5.8% | $533K-0.1% | $513K-11.6% | $469K-8.3% | $491K-8.0% |
| Cost of Revenue | $94K-16.3% | $101K-9.1% | $100K-5.5% | $276K+105.4% | $112K+11.5% | $111K+25.2% | $106K+1.4% | $134K+45.5% |
| Gross Profit | $340K-19.0% | $348K-13.3% | $295K-18.8% | $187K-47.7% | $420K-2.8% | $402K-18.2% | $363K-10.8% | $357K-19.2% |
| SG&A Expenses | $369K-17.5% | $367K-25.0% | $400K-29.8% | $309K-35.4% | $447K-4.8% | $489K+7.7% | $570K+28.7% | $478K+24.3% |
| Operating Income | -$28Kn/m | -$19Kn/m | -$105Kn/m | -$122Kn/m | -$27Kn/m | -$87K-337.3% | -$207Kn/m | -$121K-312.1% |
| EBITDA | -$5Kn/m | $4K | -$82Kn/m | N/A | -$2Kn/m | N/A | -$182Kn/m | -$96K-258.8% |
| Interest Expense | $20K+82.7% | $9K-19.6% | $14K+24.6% | $14K+23.8% | $11K-0.7% | $11K-6.0% | $11K-5.1% | $11K-5.9% |
| Net Income | -$25Kn/m | -$22Kn/m | -$116Kn/m | -$138Kn/m | -$38Kn/m | -$98K-490.3% | -$218Kn/m | -$134K-406.4% |
| EPS (Diluted) | $0.00n/m | $0.00n/m | $0.00n/m | $0.00 | $0.00 | $0.00 | $0.00 | N/A |
| Diluted Shares (Avg) | 75M0.0% | 75M0.0% | 75M0.0% | N/A | 75M0.0% | 75M | 75M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, Income Tax, EPS (Basic).
FRZT Balance Sheet
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.
| Metric | Q3'2510-Q | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'2410-Q | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $406K-36.2% | $374K-42.1% | $451K-39.8% | $594K-37.9% | $637K | $646K-44.1% | $749K-34.3% | $958K-17.7% |
| Current Assets | $138K-22.7% | $83K-49.0% | $135K-44.0% | $255K-39.8% | $178K | $162K-74.6% | $240K-65.2% | $424K-45.1% |
| Cash & Equivalents | $108K-22.5% | $41K-67.1% | $95K-52.9% | $217K-43.5% | $140K-72.3% | $124K-79.4% | $202K-69.7% | $383K-48.3% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | $21K+4.8% | $24K+4.0% | $21K-11.3% | $24K+20.7% | $20K | $23K-10.4% | $24K+38.0% | $20K+20.3% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $1.2M+2.8% | $1.2M+0.5% | $1.2M+4.6% | $1.3M+7.7% | $1.2M | $1.2M-4.0% | $1.2M-4.3% | $1.2M-3.1% |
| Current Liabilities | $1.1M+3.2% | $1.0M+0.5% | $1.1M+5.9% | $1.1M+9.7% | $1.0M | $1.0M-3.3% | $1.0M-3.8% | $1.0M-2.3% |
| Non-Current Liabilities | $150K0.0% | $150K-0.1% | $150K-3.8% | $150K-5.4% | $150K | $150K-8.7% | $156K-7.6% | $158K-7.9% |
| Long-Term Debt | $626K | N/A | $593K | $643K | N/A | N/A | N/A | N/A |
| Total Equity | -$822Kn/m | -$807Kn/m | -$794Kn/m | -$687Kn/m | -$558Kn/m | -$530Kn/m | -$441Kn/m | -$232Kn/m |
| Retained Earnings | -$10.2Mn/m | -$10.2Mn/m | -$10.2Mn/m | -$10.1Mn/m | -$9.9M | -$9.9Mn/m | -$9.8Mn/m | -$9.6Mn/m |
Not reported in any period shown, so not listed: Inventory, Goodwill.
FRZT Cash Flow 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.
| Metric | Q3'2510-Q | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'2410-Q | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15K-183.5% | $6Kn/m | -$72Kn/m | -$31Kn/m | $18Kn/m | -$75K-1054.2% | -$179Kn/m | -$118K-315.6% |
| Depreciation & Amortization | $23K-9.2% | $23K | $23K-9.2% | $25K0.0% | $25K+153.4% | N/A | $25K+987.8% | $25K+688.4% |
| Stock-Based Compensation | N/A | N/A | N/A | N/A | N/A | N/A | $0n/m | N/A |
| Investing Cash Flow | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Financing Cash Flow | $83Kn/m | -$61Kn/m | -$50Kn/m | $108Kn/m | -$3Kn/m | -$3Kn/m | -$3Kn/m | -$3Kn/m |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
FRZT 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.
| Metric | Q3'2510-Q | Q2'25Filing | Q1'25Filing | Q4'24Filing | Q3'2410-Q | Q2'24Filing | Q1'24Filing | Q4'23Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.3%-0.5pp | 77.6%-0.8pp | 74.6%-2.7pp | 40.3%-32.3pp | 78.9%-2.2pp | 78.4%-6.4pp | 77.3%-2.2pp | 72.7%-10.0pp |
| Operating Margin | -6.6%-1.5pp | -4.2%+12.9pp | -26.7%+17.5pp | -26.4%-1.7pp | -5.1%+2.0pp | -17.1%-23.4pp | -44.2%-37.1pp | -24.6%-35.3pp |
| Net Margin | -5.7%+1.5pp | -5.0%+14.2pp | -29.5%+17.0pp | -29.8%-2.6pp | -7.1%+2.0pp | -19.2%-23.5pp | -46.5%-37.1pp | -27.3%-35.5pp |
| Return on Assets | -6.0%-0.1pp | -6.0%+9.2pp | -25.8%+3.3pp | -23.3%-9.3pp | -6.0% | -15.2%-17.4pp | -29.1%-24.9pp | -14.0%-17.8pp |
| Current Ratio | 0.130.0x | 0.08-0.1x | 0.12-0.1x | 0.23-0.2x | 0.17 | 0.16-0.4x | 0.23-0.4x | 0.41-0.3x |
| Asset Turnover | 1.07+0.2x | 1.20+0.4x | 0.88+0.3x | 0.78+0.3x | 0.84 | 0.79+0.3x | 0.63+0.2x | 0.51+0.1x |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, Liabilities-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$687K), which causes the debt-to-equity, liabilities-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.
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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Freeze Tag Inc FRZT | FY2024 | $2.0M | -$493K | -24.9% | $8K | — |
| Mobile Global Esports Inc MGAM | FY2025 | $4K | -$2.3M | N/A | $129K | — |
| Good Gaming Inc GMER | FY2025 | N/A | -$236K | N/A | $633K | — |
Where Freeze Tag Inc Ranks
Frequently Asked Questions
Freeze Tag Inc (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.
Freeze Tag Inc (FRZT) revenue declined by 6.5% year-over-year, from $2.1M to $2.0M in fiscal year 2024.
No, Freeze Tag Inc (FRZT) reported a net loss of $302K over the trailing 12 months to September 30, 2025. In fiscal year 2024 it reported a net loss of $493K, with a net profit margin of -24.9%.
Freeze Tag Inc (FRZT) had EBITDA of -$342K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2024, Freeze Tag Inc (FRZT) had $217K in cash and equivalents against $643K in long-term debt.
Freeze Tag Inc (FRZT) had a gross margin of 69.4% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
Freeze Tag Inc (FRZT) had an operating margin of -22.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
Freeze Tag Inc (FRZT) had a net profit margin of -24.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Freeze Tag Inc (FRZT) recorded an outflow of $267K in operating cash flow during fiscal year 2024, representing cash used by core business activities.
Freeze Tag Inc (FRZT) had $594K in total assets as of fiscal year 2024, including both current and long-term assets.
Freeze Tag Inc (FRZT) had a current ratio of 0.23 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
Freeze Tag Inc (FRZT) had a return on assets of -82.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
Freeze Tag Inc (FRZT) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to September 30, 2025). The market capitalization is $8K as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Freeze Tag Inc (FRZT) trades at 0.0x sales, its market capitalization divided by $1.7M revenue, trailing 12 months to September 30, 2025. The market capitalization is $8K as of Nov 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
At the end of fiscal year 2024, Freeze Tag Inc (FRZT) held $217K in cash, cash equivalents and investments, and reported an operating cash outflow of $267K over that year. Dividing the one by the other, the reported balance equals about 10 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.
Freeze Tag Inc (FRZT) has negative shareholder equity of -$687K as of fiscal year 2024, so no debt-to-equity or liabilities-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.
Freeze Tag Inc (FRZT) has an Altman Z-Score of -24.63, 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.
Freeze Tag Inc (FRZT) has a Piotroski F-Score of 3 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.
Freeze Tag Inc (FRZT) reported a net loss of $493K while operations used $267K 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.
Freeze Tag Inc (FRZT) reported an operating loss of $444K against $47K 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.