liberty tax is income tax preparation at its best: friendly, accurate, and with a money back guarantee. founded in 1997 by ceo & tax industry expert john hewitt, liberty tax is the fastest-growing tax preparation franchise ever. from its start as canadian company u&r tax depot, liberty tax has become an industry leader with a network of over 30,000 tax preparers and almost 16 million individual tax returns prepared. in just 16 years, liberty tax has grown to more than 4,000 offices operating in the u.s. and canada. what makes liberty tax unique? we highly support our franchisees and firmly stand by our mission statement. known for our liberty wavers, roadside parties, and fun company culture, liberty tax has been recognized as raising the bar for all franchises, not just personal income tax-based businesses.
Company profile
Ticker
FRG
Exchange
Website
CEO
Brian Kahn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
JTH Holding, Inc., Liberty Tax, Inc.
SEC CIK
Corporate docs
Subsidiaries
Franchise Group • Buddy’s Newco, LLC • Buddy’s Franchising and Licensing, LLC • American Freight Outlet Stores, LLC • Outlet Merchandise, LLC • American Freight Franchisor LLC • American Freight Franchising LLC • American Freight Group, LLC • American Freight Holdings, LLC • American Freight, LLC ...
IRS number
273561876
FRG stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
31 Aug 23
EFFECT
Notice of effectiveness
24 Aug 23
EFFECT
Notice of effectiveness
24 Aug 23
RW
Registration withdrawal request
21 Aug 23
POS AM
Prospectus update (post-effective amendment)
21 Aug 23
POS AM
Prospectus update (post-effective amendment)
21 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Aug 23
S-8 POS
Registration of securities for employees (post-effective amendment)
21 Aug 23
SC 13E3/A
Going private transaction (amended)
21 Aug 23
8-K
Franchise Group, Inc. Announces Completion of Merger
21 Aug 23
Transcripts
FRG
Earnings call transcript
2023 Q1
10 May 23
FRG
Earnings call transcript
2022 Q4
28 Feb 23
FRG
Earnings call transcript
2022 Q3
4 Nov 22
FRG
Earnings call transcript
2022 Q2
7 Aug 22
FRG
Earnings call transcript
2022 Q1
5 May 22
FRG
Earnings call transcript
2021 Q4
24 Feb 22
FRG
Earnings call transcript
2021 Q3
2 Nov 21
FRG
Earnings call transcript
2021 Q2
4 Aug 21
FRG
Earnings call transcript
2021 Q1
9 May 21
FRG
Earnings call transcript
2020 Q4
11 Mar 21
Financial summary
| Quarter (USD) | Jul 23 | Apr 23 | Dec 22 | Sep 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Apr 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 106.63 mm | 106.63 mm | 106.63 mm | 106.63 mm | 106.63 mm | 106.63 mm |
| Cash burn (monthly) | (no burn) | (no burn) | (no burn) | 6.60 mm | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 34.39 mm | n/a | n/a |
| Cash remaining | n/a | n/a | n/a | 72.24 mm | n/a | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 10.9 | n/a | n/a |
Institutional ownership, Q2 2023
73.1% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 154 |
| Opened positions | 58 |
| Closed positions | 40 |
| Increased positions | 24 |
| Reduced positions | 51 |
| 13F shares | Current |
|---|---|
| Total value | 608.43 bn |
| Total shares | 25.72 mm |
| Total puts | 30.41 k |
| Total calls | 961.70 k |
| Total put/call ratio | 0.0 |
| Largest owners | Shares | Value |
|---|---|---|
| Vintage Capital Management | 2.50 mm | $73.33 mm |
| Pentwater Capital Management | 1.80 mm | $51.55 bn |
| BLK Blackrock | 1.73 mm | $49.51 bn |
| Magnetar Financial | 1.66 mm | $47.49 bn |
| NMR Nomura | 1.38 mm | $39.44 bn |
| Glazer Capital | 1.16 mm | $33.27 bn |
| Vanguard | 1.13 mm | $32.32 bn |
| Equitec Proprietary Markets | 1.12 mm | $32.17 bn |
| BCS Barclays | 890.05 k | $25.49 mm |
| Marshall Wace | 884.16 k | $25.32 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 Aug 23 | Riley Bryant R | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 0 | 1,804 | 0.00 | 0 |
| 21 Aug 23 | Daniel Meitner Ondeck | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 0 | 6,764 | 0.00 | 0 |
| 21 Aug 23 | Kelleher Thomas J | Common Stock, par value $0.01 per share | Sell | Dispose S | Yes | No | 0 | 13,768 | 0.00 | 0 |
| 21 Aug 23 | Randall E Paulson | Common Stock, par value $0.01 per share | Sell | Dispose S | No | No | 0 | 40,000 | 0.00 | 0 |
| 21 Aug 23 | Richard W Riley | Common Stock, par value $0.01 per share | Sell | Dispose S | Yes | No | 0 | 12,216 | 0.00 | 0 |