Falcons Beyond G Financials
This page shows Falcons Beyond G (FBYD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Falcons Beyond G has an operating margin of -34.6%, meaning the company retains $-35 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -235.2% the prior year.
Falcons Beyond G's revenue surged 473.8% year-over-year to $38.7M, reflecting rapid business expansion. This strong growth earns a score of 100/100.
Falcons Beyond G carries a low D/E ratio of 1.05, meaning only $1.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 81/100, indicating a strong balance sheet with room for future borrowing.
Falcons Beyond G's current ratio of 0.36 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 1/100, which could limit financial flexibility.
While Falcons Beyond G generated -$24.6M in operating cash flow, capex of $153K consumed most of it, leaving -$24.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Falcons Beyond G generates a -21.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100.
Falcons Beyond G passes 3 of 9 financial strength tests. No profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Falcons Beyond G generates $9.84 in operating cash flow (-$24.6M OCF vs -$2.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Falcons Beyond G earns $-4.0 in operating income for every $1 of interest expense (-$13.4M vs $3.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Falcons Beyond G generated $38.7M in revenue in fiscal year 2025. This represents an increase of 473.8% from the prior year.
Falcons Beyond G's EBITDA was -$13.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 17.7% from the prior year.
Falcons Beyond G reported -$2.5M in net income in fiscal year 2025. This represents a decrease of 101.7% from the prior year.
Falcons Beyond G earned $0.03 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 97.9% from the prior year.
Cash & Balance Sheet
Falcons Beyond G generated -$24.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 97.1% from the prior year.
Falcons Beyond G held $1.9M in cash against $12.5M in long-term debt as of fiscal year 2025.
Falcons Beyond G had 49M shares outstanding in fiscal year 2025.
Margins & Returns
Falcons Beyond G's operating margin was -34.6% in fiscal year 2025, reflecting core business profitability. This is up 200.6 percentage points from the prior year.
Falcons Beyond G's net profit margin was -6.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2222.6 percentage points from the prior year.
Falcons Beyond G's ROE was -21.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
Falcons Beyond G invested $2K in research and development in fiscal year 2025. This represents a decrease of 98.9% from the prior year.
Falcons Beyond G invested $153K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 1290.9% from the prior year.
FBYD Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.1M+59.0% | $2.5M+49.2% | $1.7M+25.4% | $1.4M-34.2% | $2.1M+15.1% | $1.8M+18.6% | $1.5M-29.4% | $2.1M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | $83K-29.7% | $118K+3.5% | $114K+192.3% | $39K+290.0% | $10K-37.5% | $16K+633.3% | -$3K |
| SG&A Expenses | $6.2M-7.1% | $6.6M+5.5% | $6.3M+8.3% | $5.8M+29.6% | $4.5M-15.4% | $5.3M-21.9% | $6.8M+40.5% | $4.8M |
| Operating Income | -$3.7M-172.9% | -$1.4M+78.7% | -$6.3M-38.7% | -$4.6M-85.7% | -$2.5M+30.1% | -$3.5M+33.7% | -$5.3M+73.8% | -$20.3M |
| Interest Expense | $930K+10.6% | $841K-36.9% | $1.3M+73.0% | $770K+82.9% | $421K-3.9% | $438K+62.8% | $269K | N/A |
| Income Tax | -$1K | $0+100.0% | -$1K-133.3% | $3K | $0 | $0+100.0% | -$1K+99.7% | -$299K |
| Net Income | -$10.4M-141.5% | $25.1M+410.3% | -$8.1M+31.8% | -$11.9M-130.2% | $39.3M+389.5% | $8.0M-93.0% | $114.0M+339.5% | -$47.6M |
| EPS (Diluted) | $-0.13-143.3% | $0.30+330.8% | $-0.13 | N/A | $0.39 | $0.00-100.0% | $1.27 | N/A |
FBYD Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $66.8M-25.1% | $89.2M+57.3% | $56.7M-7.4% | $61.2M-8.0% | $66.5M+0.9% | $65.9M-2.7% | $67.8M+7.0% | $63.4M |
| Current Assets | $11.9M-58.2% | $28.5M+974.8% | $2.7M-35.8% | $4.1M+99.5% | $2.1M-25.4% | $2.8M-54.8% | $6.1M+153.1% | $2.4M |
| Cash & Equivalents | $4.3M-83.7% | $26.1M+2252.3% | $1.1M+34.3% | $825K-0.4% | $828K-50.2% | $1.7M+58.5% | $1.1M+56.3% | $672K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.8M+107.7% | $1.4M+116.1% | $628K-63.4% | $1.7M+683.6% | $219K+544.1% | $34K-98.1% | $1.8M+157.8% | $696K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $47.0M-46.8% | $88.3M+29.2% | $68.3M-16.0% | $81.3M+7.0% | $76.0M-31.3% | $110.6M-14.6% | $129.5M+7.5% | $120.5M |
| Current Liabilities | $38.9M-30.4% | $56.0M+7.4% | $52.1M+14.2% | $45.6M+15.9% | $39.4M-66.3% | $116.8M-40.9% | $197.7M-7.8% | $214.4M |
| Long-Term Debt | $6.0M-80.1% | $30.2M-1.3% | $30.6M-1.3% | $31.0M+21.3% | $25.5M+28.6% | $19.9M-3.0% | $20.5M-10.8% | $23.0M |
| Total Equity | $9.2M+2110.4% | $414K+103.6% | -$11.6M-29.4% | -$9.0M-534.0% | -$1.4M+96.8% | -$44.7M+27.5% | -$61.7M-8.1% | -$57.1M |
| Retained Earnings | -$43.3M-11.2% | -$38.9M+22.4% | -$50.2M-7.8% | -$46.5M-5.0% | -$44.3M+11.7% | -$50.2M+2.4% | -$51.4M+25.0% | -$68.6M |
FBYD Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$13.3M-68.5% | -$7.9M-936.4% | $945K+124.9% | -$3.8M-59.9% | -$2.4M+9.3% | -$2.6M+30.5% | -$3.8M+46.2% | -$7.0M |
| Capital Expenditures | $41K | $0-100.0% | $92K+4500.0% | $2K-50.0% | $4K+300.0% | $1K-75.0% | $4K+300.0% | $1K |
| Free Cash Flow | -$13.4M-69.1% | -$7.9M-1026.6% | $853K+122.5% | -$3.8M-59.7% | -$2.4M+9.2% | -$2.6M+30.6% | -$3.8M+46.1% | -$7.0M |
| Investing Cash Flow | -$2.0M-108.1% | $25.3M+28236.7% | -$90K-4400.0% | -$2K0.0% | -$2K-100.1% | $2.1M+199.8% | -$2.1M-337.6% | -$479K |
| Financing Cash Flow | -$4.2M-155.3% | $7.5M+1353.2% | -$601K-115.3% | $3.9M+156.8% | $1.5M+31.1% | $1.2M-81.3% | $6.2M-16.3% | $7.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FBYD Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -90.9%-37.9pp | -53.0%+318.2pp | -371.1%-35.5pp | -335.6%-216.7pp | -119.0%+76.9pp | -195.9%+154.6pp | -350.5%+593.6pp | -944.1% |
| Net Margin | -256.8%-1242.0pp | 985.2%+1458.9pp | -473.8%+397.9pp | -871.7%-2771.2pp | 1899.5%+1453.0pp | 446.5%-7074.9pp | 7521.4%+9738.6pp | -2217.3% |
| Return on Equity | -113.8%-6179.5pp | 6065.7% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -15.6%-43.7pp | 28.1%+42.4pp | -14.3%+5.1pp | -19.4%-78.4pp | 59.1%+46.9pp | 12.2%-156.0pp | 168.2%+243.4pp | -75.1% |
| Current Ratio | 0.31-0.2 | 0.51+0.5 | 0.05-0.0 | 0.09+0.0 | 0.05+0.0 | 0.020.0 | 0.03+0.0 | 0.01 |
| Debt-to-Equity | 0.65-72.2 | 72.89+75.5 | -2.64+0.8 | -3.46+14.6 | -18.06-17.6 | -0.44-0.1 | -0.33+0.1 | -0.40 |
| FCF Margin | -329.6%-19.5pp | -310.1%-360.0pp | 49.9%+328.7pp | -278.7%-163.8pp | -114.9%+30.7pp | -145.6%+103.2pp | -248.8%+77.3pp | -326.1% |
Note: The current ratio is below 1.0 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Falcons Beyond G's annual revenue?
Falcons Beyond G (FBYD) reported $38.7M in total revenue for fiscal year 2025. This represents a 473.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Falcons Beyond G's revenue growing?
Falcons Beyond G (FBYD) revenue grew by 473.8% year-over-year, from $6.7M to $38.7M in fiscal year 2025.
Is Falcons Beyond G profitable?
No, Falcons Beyond G (FBYD) reported a net income of -$2.5M in fiscal year 2025, with a net profit margin of -6.5%.
What is Falcons Beyond G's EBITDA?
Falcons Beyond G (FBYD) had EBITDA of -$13.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Falcons Beyond G have?
As of fiscal year 2025, Falcons Beyond G (FBYD) had $1.9M in cash and equivalents against $12.5M in long-term debt.
What is Falcons Beyond G's operating margin?
Falcons Beyond G (FBYD) had an operating margin of -34.6% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Falcons Beyond G's net profit margin?
Falcons Beyond G (FBYD) had a net profit margin of -6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Falcons Beyond G's return on equity (ROE)?
Falcons Beyond G (FBYD) has a return on equity of -21.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Falcons Beyond G's free cash flow?
Falcons Beyond G (FBYD) generated -$24.8M in free cash flow during fiscal year 2025. This represents a -97.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Falcons Beyond G's operating cash flow?
Falcons Beyond G (FBYD) generated -$24.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Falcons Beyond G's total assets?
Falcons Beyond G (FBYD) had $66.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Falcons Beyond G's capital expenditures?
Falcons Beyond G (FBYD) invested $153K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Falcons Beyond G spend on research and development?
Falcons Beyond G (FBYD) invested $2K in research and development during fiscal year 2025.
What is Falcons Beyond G's current ratio?
Falcons Beyond G (FBYD) had a current ratio of 0.36 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Falcons Beyond G's debt-to-equity ratio?
Falcons Beyond G (FBYD) had a debt-to-equity ratio of 1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Falcons Beyond G's return on assets (ROA)?
Falcons Beyond G (FBYD) had a return on assets of -3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Falcons Beyond G's cash runway?
Based on fiscal year 2025 data, Falcons Beyond G (FBYD) had $1.9M in cash against an annual operating cash burn of $24.6M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Falcons Beyond G's Piotroski F-Score?
Falcons Beyond G (FBYD) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Falcons Beyond G's earnings high quality?
Falcons Beyond G (FBYD) has an earnings quality ratio of 9.84x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Falcons Beyond G cover its interest payments?
Falcons Beyond G (FBYD) has an interest coverage ratio of -4.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Falcons Beyond G?
Falcons Beyond G (FBYD) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.