OTC · Financial Statements

Frontier Digital Ventures Ltd. (FRRGF) Financial Statements

$0.55 OTC: FRRGF Market Cap $239.65M

Frontier Digital Ventures Ltd. most recently reported annual revenue of $55.0M, a net loss of $18.0M. Revenue grew at an average annual rate of 21.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Frontier Digital Ventures Ltd.: Revenue rose from $2.0M in 2016 to $55.0M in 2025, a change of +2650.0% over 9 years; net profit was positive in 0 of 10 reported years; operating margin moved from -215.1% to -3.5%, a shift of +211.6 percentage points; the most recent year shows a net loss of $18.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$2.0M$10.0M$13.0M$15.0M$21.0M$51.0M$59.0M$68.0M$68.0M$55.0M
Operating Expenses$7.0M$25.0M$21.0M$19.0M$37.0M$70.0M$68.0M$72.0M$73.0M$57.0M
Operating Profit$-5.0M$-15.0M$-8.0M$-4.0M$-16.0M$-19.0M$-9.0M$-4.0M$-5.0M$-2.0M
Operating Margin-215.1%-150.6%-65.5%-25.8%-76.2%-36.5%-15.5%-5.6%-8.0%-3.5%
Other Income$2.0M$-8.0M$-1.0M$4.0M$4.0M$-11.0M$3.0M$-7.0M$-4.0M$-16.0M
Interest$0$0$0$0$0$1.0M$2.0M$1.0M$0$0
Depreciation$1.0M$2.0M$3.0M$3.0M$5.0M$12.0M$11.0M$8.0M$7.0M$10.0M
Profit Before Tax$-5.0M$-17.0M$-10.0M$-4.0M$-16.0M$-20.0M$-13.0M$-11.0M$-9.0M$-18.0M
Tax$-15.4M$-100,000$-350,000$-2.2M$160,000$1.1M$6.2M$5.5M$-5.0M$-3.5M
Net Profit$-4.0M$-14.0M$-6.0M$-2.0M$-13.0M$-15.0M$-11.0M$-9.0M$-10.0M$-18.0M
EPS$-0.03$-0.06$-0.03$-0.01$-0.05$-0.04$-0.03$-0.02$-0.02$-0.04
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '20Dec '20Jun '21Dec '21Jun '22Dec '22Jun '23Dec '23Jun '24Dec '24Jun '25Dec '25
Revenue$10.0M$10.0M$26.0M$26.0M$29.0M$30.0M$31.0M$37.0M$35.0M$33.0M$33.0M$22.0M
Operating Expenses$18.0M$18.0M$35.0M$35.0M$38.0M$35.0M$34.0M$37.0M$37.0M$36.0M$34.0M$23.0M
Operating Profit$-8.0M$-8.0M$-9.0M$-9.0M$-8.0M$-6.0M$-3.0M$-1.0M$-2.0M$-4.0M$-1.0M$-1.0M
Operating Margin-76.2%-76.2%-36.5%-36.5%-29.0%-18.4%-8.2%-1.9%-5.1%-11.0%-1.6%-5.8%
Interest$0$0$0$0$0$0$1.0M$0$0$0$0$0
Profit Before Tax$-8.0M$-8.0M$-10.0M$-10.0M$-9.0M$-3.0M$-5.0M$0$-2.0M$-7.0M$-1.0M$-16.0M
Tax$160,000$160,000$1.1M$1.1M$3.8M$16.3M$11.9M$28.9M$-5.5M$-4.9M$-12.2M$-3.1M
Net Profit$-7.0M$-7.0M$-8.0M$-8.0M$-9.0M$-2.0M$-10.0M$1.0M$-1.0M$-9.0M$-2.0M$-16.0M
EPS$-0.02$-0.02$-0.02$-0.02$-0.02$0.00$-0.02$0.00$0.00$-0.02$0.00$-0.04

Over the 10 years reported for Frontier Digital Ventures Ltd., cash stood at $9.0M in the latest year, shareholders' equity was $261.0M, current assets covered current liabilities 1.50 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$58.0M$48.0M$54.0M$60.0M$166.0M$180.0M$170.0M$149.0M$152.0M$119.0M
Current Assets$26.0M$15.0M$22.0M$18.0M$70.0M$52.0M$43.0M$33.0M$29.0M$21.0M
Cash$20.0M$13.0M$19.0M$12.0M$59.0M$36.0M$27.0M$15.0M$11.0M$9.0M
Inventory$0$0$0$0$0$1.0M$0$0$0$0
Receivables$0$1.0M$1.0M$3.0M$8.0M$12.0M$15.0M$14.0M$15.0M$10.0M
Fixed Assets$1.0M$1.0M$1.0M$1.0M$3.0M$3.0M$3.0M$2.0M$2.0M$2.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$16.0M$8.0M$9.0M$7.0M$7.0M$10.0M$10.0M$5.0M$6.0M$8.0M
Other Assets$15.0M$16.0M$18.0M$29.0M$65.0M$94.0M$97.0M$94.0M$102.0M$82.0M
Total Liabilities$1.0M$3.0M$3.0M$6.0M$15.0M$78.0M$57.0M$24.0M$23.0M$14.0M
Current Liabilities$1.0M$3.0M$3.0M$5.0M$12.0M$35.0M$55.0M$23.0M$22.0M$14.0M
Borrowings$0$0$0$1.0M$1.0M$2.0M$1.0M$1.0M$1.0M$1.0M
Other Liabilities$1.0M$3.0M$3.0M$5.0M$14.0M$76.0M$56.0M$23.0M$22.0M$13.0M
Equity$58.0M$60.0M$74.0M$83.0M$185.0M$219.0M$236.0M$261.0M$261.0M$261.0M
Reserves$52.0M$41.0M$50.0M$57.0M$151.0M$106.0M$115.0M$130.0M$134.0M$111.0M

For Frontier Digital Ventures Ltd., operating cash flow was positive in 2 of 10 reported years; free cash flow in the latest year was $2.0M; free cash flow was positive in 1 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$0$0$-6.0M$-4.0M$-2.0M$-6.0M$-3.0M$4.0M$0$2.0M
Investing Cash Flow$-11.0M$0$-4.0M$-9.0M$-53.0M$-54.0M$-37.0M$-29.0M$-11.0M$-2.0M
Financing Cash Flow$-3.0M$0$0$0$-4.0M$-2.0M$-3.0M$-1.0M$0$0
Net Cash Flow$15.0M$-7.0M$7.0M$-7.0M$47.0M$-23.0M$-20.0M$-2.0M$-5.0M$0
Free Cash Flow$0$-1.0M$-8.0M$-5.0M$-3.0M$-9.0M$-8.0M$-3.0M$-5.0M$2.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.11
EV / EBITDA17.33
FCF Yield1.52%
Quick Ratio1.49
Interest Coverage-9.76
Return 1Y—
Return 3Y—
Return 5Y—

Frontier Digital Ventures Ltd. (FRRGF) financials — frequently asked questions

What is Frontier Digital Ventures Ltd.'s annual revenue?

Frontier Digital Ventures Ltd. (FRRGF) reported annual revenue of $55.0M in its most recent fiscal year.

What is Frontier Digital Ventures Ltd.'s net profit?

Frontier Digital Ventures Ltd. (FRRGF) reported a net loss of $18.0M in its most recent fiscal year.

What is FRRGF EV/EBITDA?

Frontier Digital Ventures Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 17.33.

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