FBS Global Limited Financials
This page shows FBS Global Limited (FBGL) 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).
Lower volume and thin gross margins exposed a fixed overhead base, turning FBS Global's FY2024 slowdown into cash strain.
In FY2023, cash flow looked far healthier than profit—operating cash flow of$2.69M versus net income of$4K —but FY2024 showed that was not durable earnings power: revenue dropped35.7% , gross margin fell from12.1% to9.0% , and operating cash flow slipped to-$92K . That combination suggests the earlier cash surge came largely from working-capital release, while the underlying business produced too little gross profit to absorb overhead once sales softened.
This is a low-margin operating model: FY2024 gross profit was only
The balance-sheet pressure is short-term liquidity, not large long-term borrowing. Cash ended FY2024 at
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). 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 retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 9/100, suggesting thin profitability after operating expenses. 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 48/100.
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 100/100, indicating a strong balance sheet with room for future borrowing.
FBS Global Limited's current ratio of 1.60 is below the typical benchmark, resulting in a score of 28/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While FBS Global Limited generated -$3.0M in operating cash flow, capex of $58K consumed most of it, leaving -$3.1M in free cash flow. This results in a low score of 12/100, reflecting heavy capital investment rather than weak cash generation.
FBS Global Limited generates a -15.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -19.0% the prior year.
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.
For every $1 of reported earnings, FBS Global Limited generates $2.02 in operating cash flow (-$3.0M OCF vs -$1.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
FBS Global Limited earns $-133.5 in operating income for every $1 of interest expense (-$1.4M vs $11K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
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 generated -$3.1M in free cash flow in fiscal year 2025, representing cash available 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.
FBS Global Limited had 14M shares outstanding in fiscal year 2025. This represents an increase of 20.0% from the prior year.
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.
FBGL Income Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
FBGL Balance Sheet
| 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 |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $2.7M-12.1% | $3.0M+42.2% | $2.1M-18.5% | $2.6M |
| Goodwill | N/A | N/A | N/A | N/A |
| 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 |
FBGL Cash Flow Statement
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
FBGL Financial Ratios
| Metric | Q4'25 | Q2'25 | Q4'24 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.60+0.1 | 1.48+0.6 | 0.87-0.2 | 1.10 |
| Debt-to-Equity | 0.000.0 | 0.01-0.0 | 0.03-0.1 | 0.18 |
| FCF Margin | N/A | N/A | N/A | N/A |
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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) generated -$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) generated -$3.0M in operating cash flow during fiscal year 2025, representing cash generated from 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.
What is FBS Global Limited's cash runway?
Based on fiscal year 2025 data, FBS Global Limited (FBGL) had $3.9M in cash against an annual operating cash burn of $3.0M. This gives an estimated cash runway of approximately 16 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 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) has an earnings quality ratio of 2.02x, 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 FBS Global Limited cover its interest payments?
FBS Global Limited (FBGL) has an interest coverage ratio of -133.5x, 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 FBS Global Limited?
FBS Global Limited (FBGL) scores 33 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.