Frontdoor, Inc.

For the period ended Jun 30, 2025. Filed Aug 5, 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.

Jun 30, 2025 · Filed Aug 5, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Financial Position

(In millions, except share data)

	As of
June 30, · December 31,
2025 · 2024
Assets:
Current Assets:
Cash and cash equivalents	$	562	$	421
Marketable securities		—		15
Receivables, less allowance of $4 and $4, respectively		10		10
Prepaid expenses and other current assets		37		42
Contract assets		11		—
Total Current Assets		620		488
Other Assets:
Property and equipment, net		68		73
Goodwill		972		967
Intangible assets, net		412		448
Operating lease right-of-use assets		7		8
Long-term marketable securities		—		38
Deferred policy acquisition costs		1		—
Deferred reinsurance		68		65
Reinsurance recoverables		9		9
Deferred customer acquisition costs		12		11
Other assets		3		2
Total Assets	$	2,172	$	2,107
Liabilities and Shareholders' Equity:
Current Liabilities:
Accounts payable	$	106	$	71
Accrued liabilities:
Payroll and related expenses		33		44
Home warranty claims		91		74
Other		54		28
Deferred revenue		104		123
Current portion of long-term debt		29		29
Total Current Liabilities		416		369
Long-Term Debt		1,157		1,170
Other Long-Term Liabilities:
Deferred tax liabilities, net		38		49
Operating lease liabilities		19		20
Unearned insurance premium		238		233
Unpaid losses and loss adjustment reserves		13		12
Long-term deferred revenue		20		12
Other long-term liabilities		18		4
Total Other Long-Term Liabilities		346		329
Commitments and Contingencies (Note 8)
Shareholders' Equity:
Common stock, $0.01 par value; 2,000,000,000 shares authorized; 88,086,073 shares issued and 73,111,103 shares outstanding as of June 30, 2025 and 87,434,468 shares issued and 75,314,243 shares outstanding as of December 31, 2024		1		1
Additional paid-in capital		167		152
Retained earnings		678		530
Accumulated other comprehensive loss		(13)		—
Less treasury stock, at cost; 14,974,970 shares as of June 30, 2025 and 12,120,225 shares as of December 31, 2024		(580)		(444)
Total Shareholders' Equity		254		239
Total Liabilities and Shareholders' Equity	$	2,172	$	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.