FBS Global Limited Financials
FBS Global Limited (FBGL) reported $19.1M in revenue for fiscal year 2025, up 84.3% from the prior fiscal year. This page shows its 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).
Revenue recovery is being absorbed by operating costs, while external financing—not internal cash generation—supports balance-sheet expansion.
The cash-conversion reversal moved from$2.7M of free cash flow in FY2023 to-$3.1M in FY2025, even as revenue recovered; growth has become cash-consuming rather than self-funding. In FY2025, operating cash flow was-$3.0M while investing cash flow was-$3.1M , showing that the cash drain extended beyond reported earnings into investment activity.
Revenue rebounded to
Liquidity improved as the current ratio rose to 1.6x from 0.9x, but that change coincided with a
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of FBS Global Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FBS Global Limited has an operating margin of -7.5%, meaning the company loses $7 on every $100 of revenue. This results in a profitability score of 32/100. This is down from -7.0% the prior year.
FBS Global Limited's revenue surged 84.3% year-over-year to $19.1M, reflecting rapid business expansion. This strong growth earns a score of 63/100.
FBS Global Limited carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
FBS Global Limited's current ratio of 1.60 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.
FBS Global Limited's operations used $3.0M of cash, and capex of $58K added to the outflow, for a free cash flow shortfall of $3.1M. This results in a cash flow score of 19/100.
FBS Global Limited posts a -15.7% return on equity (ROE), meaning it loses $16 for every $100 of shareholders' equity. This results in a returns score of 26/100. This is up from -19.0% the prior year.
FBS Global Limited scores 1.37, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
FBS Global Limited passes 4 of 9 financial strength tests. No profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
FBS Global Limited reported a net loss of $1.5M while operations used $3.0M of cash. With neither figure positive, the ratio between the two carries no quality signal.
FBS Global Limited reported an operating loss of $1.4M against $11K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
FBS Global Limited generated $19.1M in revenue in fiscal year 2025. This represents an increase of 84.3% from the prior year.
FBS Global Limited's EBITDA was -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 118.5% from the prior year.
FBS Global Limited reported -$1.5M in net income in fiscal year 2025. This represents a decrease of 146.7% from the prior year.
FBS Global Limited earned -$0.11 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 120.0% from the prior year.
Cash & Balance Sheet
FBS Global Limited recorded an outflow of $3.1M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 1997.3% from the prior year.
FBS Global Limited held $3.9M in cash against $7K in long-term debt as of fiscal year 2025, with $11.0M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
FBS Global Limited's gross margin was 10.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.1 percentage points from the prior year.
FBS Global Limited's operating margin was -7.5% in fiscal year 2025, reflecting core business profitability. This is down 0.5 percentage points from the prior year.
FBS Global Limited's net profit margin was -7.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.0 percentage points from the prior year.
FBS Global Limited's ROE was -15.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.3 percentage points from the prior year.
Capital Allocation
FBS Global Limited invested $499K in research and development in fiscal year 2025.
FBS Global Limited invested $58K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 3.8% from the prior year.
Not reported for fiscal year 2025.
FBGL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense, Income Tax, Net Income, EPS (Diluted).
FBGL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $20.6M+25.0% | $16.5M+40.0% | $11.8M-12.9% | $13.5M |
| Current Assets | $17.7M+32.9% | $13.3M+80.5% | $7.4M-26.1% | $10.0M |
| Cash & Equivalents | $3.9M-25.6% | $5.3M+136.7% | $2.2M-32.5% | $3.3M |
| Accounts Receivable | $2.7M-12.1% | $3.0M+42.2% | $2.1M-18.5% | $2.6M |
| Total Liabilities | $11.0M+22.3% | $9.0M+5.4% | $8.6M-12.2% | $9.7M |
| Current Liabilities | $11.0M+22.9% | $9.0M+5.9% | $8.5M-6.8% | $9.1M |
| Long-Term Debt | $7K-86.4% | $54K-45.9% | $99K-85.3% | $674K |
| Total Equity | $9.6M+28.4% | $7.5M+132.3% | $3.2M-16.0% | $3.8M |
| Retained Earnings | -$345K-124.9% | $1.4M+17.0% | $1.2M-33.1% | $1.8M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
FBGL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|
Not reported in any period shown, so not listed: Operating Cash Flow, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
FBGL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Current Ratio | 1.60+0.1x | 1.48+0.6x | 0.87-0.2x | 1.10 |
| Debt-to-Equity | 0.000.0x | 0.010.0x | 0.03-0.1x | 0.18 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Return on Assets, FCF Margin.
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Where FBS Global Limited Ranks
Frequently Asked Questions
What is FBS Global Limited's annual revenue?
FBS Global Limited (FBGL) reported $19.1M in total revenue for fiscal year 2025. This represents a 84.3% 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 FBS Global Limited's revenue growing?
FBS Global Limited (FBGL) revenue grew by 84.3% year-over-year, from $10.4M to $19.1M in fiscal year 2025.
Is FBS Global Limited profitable?
No, FBS Global Limited (FBGL) reported a net income of -$1.5M in fiscal year 2025, with a net profit margin of -7.9%.
What is FBS Global Limited's EBITDA?
FBS Global Limited (FBGL) had EBITDA of -$1.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does FBS Global Limited have?
As of fiscal year 2025, FBS Global Limited (FBGL) had $3.9M in cash and equivalents against $7K in long-term debt.
What is FBS Global Limited's gross margin?
FBS Global Limited (FBGL) had a gross margin of 10.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is FBS Global Limited's operating margin?
FBS Global Limited (FBGL) had an operating margin of -7.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is FBS Global Limited's net profit margin?
FBS Global Limited (FBGL) had a net profit margin of -7.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FBS Global Limited's return on equity (ROE)?
FBS Global Limited (FBGL) has a return on equity of -15.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FBS Global Limited's free cash flow?
FBS Global Limited (FBGL) recorded an outflow of $3.1M in free cash flow during fiscal year 2025. This represents a -1997.3% 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 FBS Global Limited's operating cash flow?
FBS Global Limited (FBGL) recorded an outflow of $3.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are FBS Global Limited's total assets?
FBS Global Limited (FBGL) had $20.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FBS Global Limited's capital expenditures?
FBS Global Limited (FBGL) invested $58K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does FBS Global Limited spend on research and development?
FBS Global Limited (FBGL) invested $499K in research and development during fiscal year 2025.
What is FBS Global Limited's current ratio?
FBS Global Limited (FBGL) had a current ratio of 1.60 as of fiscal year 2025, which is generally considered healthy.
What is FBS Global Limited's debt-to-equity ratio?
FBS Global Limited (FBGL) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FBS Global Limited's return on assets (ROA)?
FBS Global Limited (FBGL) had a return on assets of -7.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does FBS Global Limited's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, FBS Global Limited (FBGL) held $3.9M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.0M over that year. Dividing the one by the other, the reported balance equals about 16 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
What is FBS Global Limited's Altman Z-Score?
FBS Global Limited (FBGL) has an Altman Z-Score of 1.37, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is FBS Global Limited's Piotroski F-Score?
FBS Global Limited (FBGL) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are FBS Global Limited's earnings high quality?
FBS Global Limited (FBGL) reported a net loss of $1.5M while operations used $3.0M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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 FBS Global Limited cover its interest payments?
FBS Global Limited (FBGL) reported an operating loss of $1.4M against $11K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 FBS Global Limited?
FBS Global Limited (FBGL) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.