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).
Accounting profits have not translated into cash, leaving the business dependent on balance-sheet repair and external funding despite lighter losses.
In both FY2024 and FY2025, net income stayed positive while operating cash flow remained deeply negative at-$12.6M and-$24.6M , so reported earnings did not signal a self-funding operating model. That mismatch matters more because the core business still posted operating losses of-$15.9M and-$13.4M , implying the profits came from items outside normal operations rather than from the business turning cash-generative.
FY2025 shows balance-sheet repair: total liabilities dropped to
Even after revenue recovered to
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 Falcons Beyond G'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.
Falcons Beyond G has an operating margin of -90.0%, meaning the company retains $-90 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is up from -235.2% the prior year.
Falcons Beyond G's revenue surged 120.8% year-over-year to $14.9M, reflecting rapid business expansion. This strong growth earns a score of 12/100.
Falcons Beyond G has a moderate D/E ratio of 1.05. This balance of debt and equity financing earns a leverage score of 46/100.
Falcons Beyond G's current ratio of 0.36 is below the typical benchmark, resulting in a score of 3/100. This tight liquidity could limit financial flexibility if cash inflows slow.
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 5/100, reflecting heavy capital investment rather than weak cash generation.
Falcons Beyond G generates a 52.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 18/100.
Falcons Beyond G scores 8.83, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($751.8M) relative to total liabilities ($42.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Falcons Beyond G passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Falcons Beyond G generates $-3.90 in operating cash flow (-$24.6M OCF vs $6.3M 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 $14.9M in revenue in fiscal year 2025. This represents an increase of 120.8% 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 $6.3M in net income in fiscal year 2025. This represents a decrease of 95.8% 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.
Margins & Returns
Falcons Beyond G's operating margin was -90.0% in fiscal year 2025, reflecting core business profitability. This is up 145.2 percentage points from the prior year.
Falcons Beyond G's net profit margin was 42.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2173.8 percentage points from the prior year.
Falcons Beyond G's ROE was 52.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.4M-18.4% | $6.6M+62.4% | $4.1M+59.0% | $2.5M+49.2% | $1.7M+25.4% | $1.4M-34.2% | $2.1M+15.1% | $1.8M |
| Cost of Revenue | $945K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $2.7M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | $0 | N/A | N/A | $83K-29.7% | $118K+3.5% | $114K+192.3% | $39K+290.0% | $10K |
| SG&A Expenses | $7.7M+21.3% | $6.4M+3.3% | $6.2M-7.1% | $6.6M+5.5% | $6.3M+8.3% | $5.8M+29.6% | $4.5M-15.4% | $5.3M |
| Operating Income | $6.5M+418.9% | -$2.0M+44.8% | -$3.7M-172.9% | -$1.4M+78.7% | -$6.3M-38.7% | -$4.6M-85.7% | -$2.5M+30.1% | -$3.5M |
| Interest Expense | $174K-38.1% | $281K-69.8% | $930K+10.6% | $841K-36.9% | $1.3M+73.0% | $770K+82.9% | $421K-3.9% | $438K |
| Income Tax | $0 | $0+100.0% | -$1K | $0+100.0% | -$1K-133.3% | $3K | $0 | $0 |
| Net Income | $3.1M+164.4% | -$4.8M+54.2% | -$10.4M-141.5% | $25.1M+794.7% | -$3.6M+69.6% | -$11.9M-130.2% | $39.3M+389.5% | $8.0M |
| EPS (Diluted) | $0.05 | N/A | $-0.13-143.3% | $0.30+330.8% | $-0.13 | N/A | $0.39 | $0.00 |
FBYD Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $62.4M-6.5% | $66.7M-0.1% | $66.8M-25.1% | $89.2M+57.3% | $56.7M-7.4% | $61.2M-8.0% | $66.5M+0.9% | $65.9M |
| Current Assets | $10.5M+1.2% | $10.4M-13.1% | $11.9M-58.2% | $28.5M+974.8% | $2.7M-35.8% | $4.1M+99.5% | $2.1M-25.4% | $2.8M |
| Cash & Equivalents | $1.2M-37.0% | $1.9M-56.1% | $4.3M-83.7% | $26.1M+2252.3% | $1.1M+34.3% | $825K-0.4% | $828K-50.2% | $1.7M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $5.5M+46.9% | $3.7M+31.8% | $2.8M+107.7% | $1.4M+116.1% | $628K-63.4% | $1.7M+683.6% | $219K+544.1% | $34K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $47.4M+10.6% | $42.9M-8.7% | $47.0M-46.8% | $88.3M+29.2% | $68.3M-16.0% | $81.3M+7.0% | $76.0M-31.3% | $110.6M |
| Current Liabilities | $23.4M-17.9% | $28.5M-26.8% | $38.9M-30.4% | $56.0M+7.4% | $52.1M+14.2% | $45.6M+15.9% | $39.4M | N/A |
| Long-Term Debt | $7.5M-40.0% | $12.5M+108.1% | $6.0M-80.1% | $30.2M-1.3% | $30.6M-1.3% | $31.0M+21.3% | $25.5M+28.6% | $19.9M |
| Total Equity | $14.9M+25.1% | $11.9M+30.3% | $9.2M+2110.4% | $414K+103.6% | -$11.6M-29.4% | -$9.0M-534.0% | -$1.4M+96.8% | -$44.7M |
| Retained Earnings | -$41.6M+5.9% | -$44.2M-2.2% | -$43.3M-11.2% | -$38.9M+22.4% | -$50.2M-7.8% | -$46.5M-5.0% | -$44.3M+11.7% | -$50.2M |
FBYD Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$2.8M+36.3% | -$4.3M+67.5% | -$13.3M-68.5% | -$7.9M-936.4% | $945K+124.9% | -$3.8M-59.9% | -$2.4M+9.3% | -$2.6M |
| Capital Expenditures | $12K-40.0% | $20K-51.2% | $41K | $0-100.0% | $92K+4500.0% | $2K-50.0% | $4K+300.0% | $1K |
| Free Cash Flow | -$2.8M+36.4% | -$4.3M+67.5% | -$13.4M-69.1% | -$7.9M-1026.6% | $853K+122.5% | -$3.8M-59.7% | -$2.4M+9.2% | -$2.6M |
| Investing Cash Flow | $1.2M+20.8% | $1.0M+148.9% | -$2.0M-108.1% | $25.3M+28236.7% | -$90K-4400.0% | -$2K0.0% | -$2K-100.1% | $2.1M |
| Financing Cash Flow | $849K-9.6% | $939K+122.6% | -$4.2M-155.3% | $7.5M+1353.2% | -$601K-115.3% | $3.9M+156.8% | $1.5M+31.1% | $1.2M |
| 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 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 120.7%+151.6pp | -30.9%+60.0pp | -90.9%-37.9pp | -53.0%+318.2pp | -371.1%-35.5pp | -335.6%-216.7pp | -119.0%+76.9pp | -195.9% |
| Net Margin | 57.1%+129.6pp | -72.5%+184.3pp | -256.8%-1242.0pp | 985.2%+1196.8pp | -211.6%+660.0pp | -871.7%-2771.2pp | 1899.5%+1453.0pp | 446.5% |
| Return on Equity | 20.6%+60.6pp | -40.0%+73.8pp | -113.8%-6179.5pp | 6065.7% | N/A | N/A | N/A | N/A |
| Return on Assets | 4.9%+12.1pp | -7.2%+8.4pp | -15.6%-43.7pp | 28.1%+34.5pp | -6.4%+13.0pp | -19.4%-78.4pp | 59.1%+46.9pp | 12.2% |
| Current Ratio | 0.45+0.1 | 0.36+0.1 | 0.31-0.2 | 0.51+0.5 | 0.05-0.0 | 0.09+0.0 | 0.05 | N/A |
| Debt-to-Equity | 0.50-0.5 | 1.05+0.4 | 0.65-72.2 | 72.89+75.5 | -2.64+0.8 | -3.46+14.6 | -18.06-17.6 | -0.44 |
| FCF Margin | -51.4%+14.5pp | -66.0%+263.6pp | -329.6%-19.5pp | -310.1%-360.0pp | 49.9%+328.7pp | -278.7%-163.8pp | -114.9%+30.7pp | -145.6% |
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 $14.9M in total revenue for fiscal year 2025. This represents a 120.8% 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 120.8% year-over-year, from $6.7M to $14.9M in fiscal year 2025.
Is Falcons Beyond G profitable?
Yes, Falcons Beyond G (FBYD) reported a net income of $6.3M in fiscal year 2025, with a net profit margin of 42.4%.
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 -90.0% 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 42.4% 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 52.9% 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.
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 9.5% 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 Altman Z-Score?
Falcons Beyond G (FBYD) has an Altman Z-Score of 8.83, placing it in the Safe Zone (low 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 Falcons Beyond G's Piotroski F-Score?
Falcons Beyond G (FBYD) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 Falcons Beyond G's earnings high quality?
Falcons Beyond G (FBYD) has an earnings quality ratio of -3.90x, 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 18 out of 100 on our Financial Health Score, indicating weak 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.