FAZE HOLDINGS INC. Financial Statements (2025 and earlier)
Company Profile
| Business Address |
720 N. CAHUENGA BLVD. LOS ANGELES, CA 90038 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 799 - Miscellaneous Amusement And Recreation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|
| ASSETS | |||||
| Current Assets | |||||
| Cash, cash equivalents, and short-term investments | 37,207 | 43 | |||
| Cash and cash equivalent | 37,207 | 43 | |||
| Receivables | 8,525 | ||||
| Prepaid expense | 612 | ||||
| Other current assets | 2,600 | ||||
| Other undisclosed current assets | 10,391 | ||||
| Total current assets: | 58,723 | 656 | |||
| Noncurrent Assets | |||||
| Operating lease, right-of-use asset | 2,693 | ||||
| Property, plant and equipment | 3,821 | ||||
| Long-term investments and receivables | 553 | ||||
| Long-term investments | 553 | ||||
| Intangible assets, net (including goodwill) | 848 | ||||
| Intangible assets, net (excluding goodwill) | 848 | ||||
| Asset, held-in-trust | 172,516 | ||||
| Restricted cash and investments | 600 | ||||
| Other undisclosed noncurrent assets | |||||
| Total noncurrent assets: | 8,515 | 172,516 | |||
| TOTAL ASSETS: | 67,238 | 173,172 | |||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 14,397 | 2,622 | |||
| Other undisclosed accounts payable and accrued liabilities | 14,397 | 2,622 | |||
| Deferred revenue | 3,494 | ||||
| Due to related parties | ✕ | 191 | |||
| Other undisclosed current liabilities | 1,488 | ||||
| Total current liabilities: | 19,379 | 2,813 | |||
| Noncurrent Liabilities | |||||
| Liabilities, other than long-term debt | 1,084 | ||||
| Operating lease, liability | 1,084 | ||||
| Other undisclosed noncurrent liabilities | 24 | 8,599 | |||
| Total noncurrent liabilities: | 1,108 | 8,599 | |||
| Total liabilities: | 20,487 | 11,412 | |||
| Temporary equity, including noncontrolling interest | 172,500 | ||||
| Equity | |||||
| Equity, attributable to parent, including: | 46,751 | (10,740) | |||
| Common stock | 0 | ||||
| Additional paid in capital | 327,686 | ||||
| Accumulated deficit | (280,942) | (10,741) | |||
| Other undisclosed equity, attributable to parent | 7 | 0 | |||
| Total equity: | 46,751 | (10,740) | |||
| TOTAL LIABILITIES AND EQUITY: | 67,238 | 173,172 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Revenues | 70,021 | |||
| Cost of revenue | (54,876) | |||
| Gross profit: | 15,145 | |||
| Operating expenses | (62,743) | (191) | ||
| Other operating expense, net (Other Expenses) | (100) | |||
| Other undisclosed operating loss | (1,073) | (3,154) | ||
| Operating loss: | (48,671) | (3,446) | ||
| Nonoperating income (expense) | (119,863) | (3,405) | ||
| Other nonoperating income (expense) | (119,863) | (3,421) | ||
| Interest and debt expense | (115,292) | |||
| Loss from continuing operations before income taxes: | (283,826) | (6,851) | ||
| Income tax expense | (465) | |||
| Loss from continuing operations: | (283,826) | (7,316) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | (7,316) | |
| Other undisclosed net income (loss) | 449 | |||
| Net loss: | (283,826) | (6,867) | ||
| Net income attributable to noncontrolling interest | 1,679 | |||
| Other undisclosed net income (loss) attributable to parent | 115,292 | (1,679) | ||
| Net loss attributable to parent: | (168,534) | (6,867) | ||
| Other undisclosed net income available to common stockholders, basic | 1,679 | |||
| Net loss available to common stockholders, basic: | (168,534) | (5,188) | ||
| Other undisclosed net income available to common stockholders, diluted | ||||
| Net loss available to common stockholders, diluted: | (168,534) | (5,188) | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|
| Net loss: | (283,826) | (6,867) | ||
| Comprehensive loss, net of tax, attributable to parent: | (283,826) | (6,867) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.