Frontdoor Inc 2025年季度报告

For the quarterly period endedSeptember 30,2025or oTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 Frontdoor, Inc.(Exact name of registrant as specified in its charter) Delaware82-3871179(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.) 3400 Players Club Parkway,Memphis,Tennessee38125(Address of principal executive offices) (Zip Code) 901-701-5000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassTrading SymbolName of Each Exchange on which RegisteredCommon stock, par value $0.01 per shareFTDRThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) hasbeen subject to such filing requirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerxAccelerated fileroNon-accelerated fileroSmaller reporting companyoEmerging growth companyo If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.o Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).YesoNox As of October 31, 2025 there were72,113,199shares outstanding of the registrant’s common stock, par value $0.01 per share. Frontdoor, Inc.Quarterly Report on Form 10-QGLOSSARY OF TERMS AND SELECTED ABBREVIATIONS In order to aid the reader, we have included certain defined terms and abbreviations used throughout this Quarterly Reporton Form 10-Q as set forth below: In this Quarterly Report on Form 10-Q, unless the context indicates otherwise, references to “Frontdoor,” “we,” “our,”“us,” and the “company” refer to Frontdoor, Inc. and all of its subsidiaries. Frontdoor is a Delaware corporation with its principalexecutive offices in Memphis, Tennessee. We hold various service marks, trademarks and trade names, such as Frontdoor®, American Home Shield®, HSA™,OneGuard®, Landmark Home Warranty®, Streem®, 2-10 HBW®, and related logos and designs. Solely for convenience, theservice marks, trademarks and trade names referred to in this Quarterly Report on Form 10-Q are presented without the SM, ®, andTM symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent underapplicable law, our rights or the rights of the applicable licensors to these service marks, trademarks and trade names. All servicemarks, trademarks and trade names appearing in this Quarterly Report on Form 10-Q are the property of their respective owners. Certain amounts presented in the tables in this report are subject to rounding adjustments and, as a result, the totals in suchtables may not sum. TABLE OF CONTENTS PageNo.Part I. Financial InformationItem 1. Financial Statements (Unaudited)Condensed Consolidated Statements of Operations and Comprehensive Income3Condensed Consolidated Statements of Financial Position4Condensed Consolidated Statements of Changes in Equity5Condensed Consolidated Statements of Cash Flows6Notes to the Condensed Consolidated Financial Statements7Cautionary Statement Concerning Forward-Looking Statements20Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3. Quantitative and Qualitative Disclosures About Market Risk34Item 4. Controls and Procedures34Part II. Other Information34Item 1. Legal Proceedings34Item 1A. Risk Factors34Item 2. Unregistered Sales of Equity Securities and Use of Proceeds34Item 6. Exhibits36Signature37 Frontdoor, Inc.Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited)(In millions, except per share data) Frontdoor, Inc.Condensed Consolidated Statements of Financial Position (Unaudited)(In millions, except share data) Frontdoor, Inc.Condensed Consolidated Statements of CashFlows (Unaudited) (In millions) Nine Months EndedSeptember 30,20252024Cash and Cash Equivalents at Beginning of Period$421$325Cash Flows from Operating