# FLASH SPORTS & MEDIA HOLDINGS, INC. (FLZH) · Edgar & Edgarette company card

> Flash Sports & Media Holdings (FLZH) saw revenue fall 56.5% in FY2025 to $17 million, operating margin -104% against a 1.6% median for amusement & recreation services, equity -13606% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1706524 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/FLZH) · [JSON](https://www.pops4.com/boards/company/FLZH.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $17M |
| Revenue growth, 1 year | -56.5% |
| Revenue growth per year | -27.2% |
| Operating margin | -103.5% (prior year -71.0%) |
| Net margin | -127.0% |
| Operating cash flow | $840,796 |
| Capital spending | $298,215 |
| Free cash flow | $542,581 |
| Cash | $10,644 |
| Long-term debt | — |
| Total assets | $331,947 |
| Total equity | −$45M |
| Equity ÷ assets | -13606.2% |
| Return on equity | — |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: -2488.62 (distress zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: Rotting at the dock · four or more warning signs · filed late annual report notice, late quarterly report notice, auditor change in the last 12 months; liabilities exceed assets (often from years of share buybacks, not always distress); slow and jumpy: growing slower than its size class, with revenue that swings more; operating loss: a margin of -103.5% in FY2025; revenue is hard to predict: its 80% range is ±76%
- Cash Compass: Fading · slow and jumpy, lagging its peers

## Edgarette's reading

Exposure: revenue $17.4M (FY2025). Experience: revenue down 56.5% on the year, down 27.2% a year over 4 years; operating margin -103.5%, down from -71.0%. Soundness: equity -13606.2% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $3.5M and $24.8M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $3.0M to $28.5M. A statistical range, not company guidance. Against peers (10 filers, $50M+ revenue, services-amusement & recreation services): operating margin -103.5% against a 1.6% median; growth -56.5% against 10.6%.

Range logged 2026-09-30, receipt f179d51af7f837fe, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item NT 10-K Late annual report notice: 1, latest 2026-03-31 ([filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026037273/0001213900-26-037273-index.htm))
- Item 3.01 Exchange listing notice or transfer: 4, latest 2026-08-21 ([filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026092714/0001213900-26-092714-index.htm))
- Item NT 10-Q Late quarterly report notice: 2, latest 2026-05-15 ([filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026057699/0001213900-26-057699-index.htm))
- Item 4.01 Auditor change: 1, latest 2026-03-05 ([filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026024200/0001213900-26-024200-index.htm))
- Item 5.02 Director or officer change: 4, latest 2026-07-16 ([filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026078757/0001213900-26-078757-index.htm))

## Recent filings

- 8-K · filed 2026-10-26 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026112484/0001213900-26-112484-index.htm)
- 8-K · filed 2026-09-29 · 1.01 Entry into a Material Definitive Agreement; 3.02 Unregistered Sales of Equity Securities; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026104324/0001213900-26-104324-index.htm)
- 8-K · filed 2026-09-28 · 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026103692/0001213900-26-103692-index.htm)
- 8-K · filed 2026-08-26 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026094039/0001213900-26-094039-index.htm)
- 8-K · filed 2026-08-21 · 3.01 Notice of Delisting or Failure to Satisfy a Listing Rule · [filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026092714/0001213900-26-092714-index.htm)
- 8-K · filed 2026-08-18 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1706524/000121390026091000/0001213900-26-091000-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001706524.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1706524

## Cite

POPS4, Edgar & Edgarette: FLASH SPORTS & MEDIA HOLDINGS, INC. (FLZH) company card, from the company's own SEC filings, accessed 2026-11-15, https://www.pops4.com/boards/company/FLZH. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.