What was the current deferred revenue for Face Foundrie in 2024?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Deferred revenue, current | $819,881 | $447,000 | $131,147 |
| Deferred revenue, non-current | 1,727,727 | 1,786,704 | 1,637,657 |
| $2,547,608 | $2,233,704 | $1,768,804 |
Source: Item 23 — RECEIPTS (FDD pages 74–257)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the company's current deferred revenue for 2024 was $819,881. Deferred revenue represents payments Face Foundrie has received for goods or services that have not yet been fully earned or delivered. This is a liability on the company's balance sheet until the obligation is fulfilled. The FDD also provides figures for previous years, with current deferred revenue totaling $447,000 in 2023 and $131,147 in 2022. This shows a substantial increase in deferred revenue over the three-year period.
In addition to current deferred revenue, Face Foundrie also reports non-current deferred revenue. In 2024, this figure was $1,727,727, compared to $1,786,704 in 2023 and $1,637,657 in 2022. Non-current deferred revenue represents revenue that Face Foundrie expects to recognize beyond the next 12 months. The total deferred revenue, combining both current and non-current portions, was $2,547,608 in 2024, $2,233,704 in 2023, and $1,768,804 in 2022.
For a prospective franchisee, understanding deferred revenue is crucial as it reflects the financial obligations Face Foundrie has to its customers for services or products not yet delivered. A growing deferred revenue balance can indicate strong future revenue streams, but it also represents a liability that the company must fulfill. Franchisees should consider these figures in the context of Face Foundrie's overall financial health and business model to assess the stability and potential of the franchise system.