---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-135104"
form_type: "8-K"
ticker: "FTDR"
cik: "0001727263"
company_name: "Frontdoor, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:28:17.602881+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Frontdoor Q1 revenue $367M (+4%), Adj EBITDA $54M (+116%); raises gross margin guidance

## Summary
- Net income $22M ($0.27 diluted EPS); adjusted EPS $0.29 vs $0.04 YoY.
- Gross margin improved 540bps to 46% on higher price, fewer service requests, moderating inflation.
- Full-year Adj EBITDA guidance reaffirmed at $220-240M; gross margin range raised to 43.5-46.0%.
- Expects ~$80M in share repurchases in 2023; launched new Frontdoor mobile app in April.
- Q2 outlook: revenue $505-520M, Adj EBITDA $80-90M, a 10% YoY increase.

## SEC filing metadata
- accession: 0001193125-23-135104
- form_type: 8-K
- ticker: FTDR
- cik: 0001727263
- company_name: Frontdoor, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1727263/000119312523135104/0001193125-23-135104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1727263/000119312523135104/d464541d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-135104
- JSON: https://secwatch.observer/filing/0001193125-23-135104.json
- Plain text: https://secwatch.observer/filing/0001193125-23-135104.txt

## Key facts
- Earnings Releases
  Frontdoor, Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $367, net income 22, EPS 0.27. Guidance initiated.
  - Period: the fiscal quarter ended March 31, 2023
  - Revenue: $367
  - Net income: 22
  - EPS: 0.27
  - Guidance: initiated
  - Result: reported results
  source text: Financial Results Three Months Ended March 31, $ millions (except as noted) 2023 2022 Change Revenue $ 367 $ 351 4 % Gross Profit 170 144 18 % Net Income 22 2 * % Diluted Earnings per Share 0.27 0.02 * %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1727263/000119312523135104/0001193125-23-135104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.