The Headline Numbers
Frontdoor (NASDAQ: FTDR) reported its fourth quarter and full year 2025 results on February 26, 2026. The figures below come from the company's results release and annual report.
$2.093B
Full year 2025 revenue
Up 14%; organic growth was 3.7%
$553M
Adjusted EBITDA
Up 25%
$255M
Net income
Diluted EPS $3.42
2.11M
Home warranties
Flat year over year; the company says it stabilized the count
Frontdoor also reported a 55% gross margin, up 150 basis points, $280 million of share repurchases during the year, and 48% growth in its HVAC upgrade program, to $128 million. For 2026 it guided to revenue of $2.155 billion to $2.195 billion and adjusted EBITDA of $565 million to $580 million.
What This Tells You as a Customer
- Scale and stability. Revenue above $2 billion and positive net income suggest a company with the resources to keep paying valid claims. It is not a promise that any particular claim will be paid.
- The customer count is flat. About 2.1 million active home warranties across all brands means growth is coming from acquisitions (2-10 HBW joined in December 2024) and non-warranty lines, not from adding warranty customers.
- Margins are rising. A 55% gross margin and adjusted EBITDA growth of 25% show the business is more profitable. Frontdoor's filings do not publish claim approval or denial rates, so profit figures cannot tell you how often claims are paid.
What the Filings Do Not Tell You
Frontdoor does not break out financial results by brand in the figures above, so you cannot read AHS, HSA or 2-10 HBW performance separately. Nothing in the results describes claim denial rates, which is why we weigh complaint records, contract terms and caps in our scoring method rather than company financials. See also our note on what claims data exists.