FG Merger II Corp. Financials
This page shows FG Merger II Corp. (FGMCU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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, 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 FG Merger II Corp.'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.
FG Merger II Corp. has elevated debt relative to equity (D/E of 211.36), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
FG Merger II Corp. earns a strong 366.3% return on equity (ROE), meaning it generates $366 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
FG Merger II Corp. passes 4 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, FG Merger II Corp. generates $1.04 in operating cash flow ($1.5M OCF vs $1.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
FG Merger II Corp. reported $1.4M in net income in fiscal year 2025. This represents an increase of 5620.2% from the prior year.
Cash & Balance Sheet
FG Merger II Corp. held $487K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
FG Merger II Corp.'s ROE was 366.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
FGMCU Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $273K | N/A | $593K+609.4% | $84K-34.1% | $127K | N/A | $23K+2544.4% | $885 |
| Operating Income | -$273K | N/A | -$593K-609.4% | -$84K+34.1% | -$127K | N/A | -$23K-2544.4% | -$885 |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $161K | N/A | $178K+0.6% | $177K+50.5% | $118K | N/A | N/A | N/A |
| Net Income | $288K | N/A | $77K-86.7% | $582K+84.6% | $315K+118652.6% | -$266+98.9% | -$23K-2544.4% | -$885 |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FGMCU Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $83.2M+0.6% | $82.7M+0.2% | $82.5M+0.3% | $82.3M+0.6% | $81.8M+48306.9% | $169K | N/A | N/A |
| Current Assets | $318K-45.5% | $584K-16.4% | $699K+4.9% | $667K-8.3% | $727K+329.9% | $169K | N/A | N/A |
| Cash & Equivalents | $243K-50.0% | $487K-15.9% | $579K+11.8% | $518K-5.9% | $550K+1088.4% | $46K-12.8% | $53K-3.0% | $55K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $83.2M+1.1% | $82.3M0.0% | $82.3M+0.5% | $81.9M+0.5% | $81.5M+47380.0% | $172K | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$45K-111.5% | $390K+74.0% | $224K-39.2% | $368K+16.2% | $317K+12142.8% | -$3K-11.2% | -$2K-111.2% | $21K |
| Retained Earnings | -$45K-111.6% | $389K+74.0% | $224K-39.2% | $368K+28.6% | $286K+1076.4% | -$29K | N/A | N/A |
FGMCU Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $479K+145.6% | $195K-31.1% | $283K-64.0% | $785K+254.2% | $222K+3352.3% | -$7K-314.9% | -$2K-25.5% | -$1K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$722K-151.9% | -$287K-29.4% | -$222K+58.2% | -$531K+99.3% | -$81.1M | N/A | N/A | N/A |
| Financing Cash Flow | N/A | $0 | $0+100.0% | -$287K-100.4% | $81.4M | N/A | N/A | N/A |
| 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 |
FGMCU Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | 34.5%-123.6pp | 158.1%+58.6pp | 99.5% | N/A | N/A | -4.2% |
| Return on Assets | 0.4% | N/A | 0.1%-0.6pp | 0.7%+0.3pp | 0.4%+0.5pp | -0.2% | N/A | N/A |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | -1852.15-2063.5 | 211.36-156.3 | 367.67+145.2 | 222.48-34.7 | 257.15+322.4 | -65.22 | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is FG Merger II Corp. profitable?
Yes, FG Merger II Corp. (FGMCU) reported a net income of $1.4M in fiscal year 2025.
What is FG Merger II Corp.'s return on equity (ROE)?
FG Merger II Corp. (FGMCU) has a return on equity of 366.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FG Merger II Corp.'s operating cash flow?
FG Merger II Corp. (FGMCU) generated $1.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are FG Merger II Corp.'s total assets?
FG Merger II Corp. (FGMCU) had $82.7M in total assets as of fiscal year 2025, including both current and long-term assets.
What is FG Merger II Corp.'s debt-to-equity ratio?
FG Merger II Corp. (FGMCU) had a debt-to-equity ratio of 211.36 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FG Merger II Corp.'s return on assets (ROA)?
FG Merger II Corp. (FGMCU) had a return on assets of 1.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FG Merger II Corp.'s Piotroski F-Score?
FG Merger II Corp. (FGMCU) 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 FG Merger II Corp.'s earnings high quality?
FG Merger II Corp. (FGMCU) has an earnings quality ratio of 1.04x, considered cash-backed (high quality). 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.
How financially healthy is FG Merger II Corp.?
FG Merger II Corp. (FGMCU) scores 17 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.