Frontdoor, Inc.

For the period ended Mar 31, 2025. Filed May 1, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 1, 2025

FTDR$98.50-2.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Financial Position

(In millions, except share data)

	As of
March 31, · December 31,
2025 · 2024
Assets:
Current Assets:
Cash and cash equivalents	$	506	$	421
Marketable securities		—		15
Receivables, less allowance of $4 and $4, respectively		11		10
Prepaid expenses and other current assets		36		42
Total Current Assets		554		488
Other Assets:
Property and equipment, net		70		73
Goodwill		964		967
Intangible assets, net		435		448
Operating lease right-of-use assets		7		8
Long-term marketable securities		—		38
Deferred reinsurance		67		65
Reinsurance recoverables		9		9
Deferred customer acquisition costs		11		11
Other assets		4		2
Total Assets	$	2,121	$	2,107
Liabilities and Shareholders' Equity:
Current Liabilities:
Accounts payable	$	76	$	71
Accrued liabilities:
Payroll and related expenses		29		44
Home warranty claims		63		74
Other		40		28
Deferred revenue		177		123
Current portion of long-term debt		29		29
Total Current Liabilities		414		369
Long-Term Debt		1,164		1,170
Other Long-Term Liabilities:
Deferred tax liabilities, net		45		49
Operating lease liabilities		20		20
Unearned insurance premium		234		233
Unpaid losses and loss adjustment reserves		12		12
Long-term deferred revenue		19		12
Other long-term liabilities		15		4
Total Other Long-Term Liabilities		345		329
Commitments and Contingencies (Note 8)
Shareholders' Equity:
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 87,838,356 shares issued and 74,278,048 shares outstanding as of March 31, 2025 and 87,434,468 shares issued and 75,314,243 shares outstanding as of December 31, 2024		1		1
Additional paid-in capital		153		152
Retained earnings		567		530
Accumulated other comprehensive (loss) income		(8)		—
Less treasury stock, at cost; 13,560,308 shares as of March 31, 2025 and 12,120,225 shares as of December 31, 2024		(515)		(444)
Total Shareholders' Equity		198		239
Total Liabilities and Shareholders' Equity	$	2,121	$	2,107

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.