FG Nexus Inc Financials
This page shows FG Nexus Inc (FGNX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Balance-sheet expansion funded by shareholder capital has overtaken revenue generation as the main driver of this business.
From FY2023 to FY2025, total assets climbed from$62.1M to$163.8M even as revenue shrank sharply, meaning the company is now explained more by capital deployment than by selling activity. Because FY2025 financing cash inflow was$135.6M while liabilities were only$20.4M , that expansion appears to have been funded mainly by owners rather than by adding creditor pressure.
The cash-loss gap widened in FY2025: net loss reached
Revenue fell to
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 Nexus Inc'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 Nexus Inc has an operating margin of -2652.3%, meaning the company retains $-2652 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 down from -36.6% the prior year.
FG Nexus Inc's revenue declined 92.5% year-over-year, from $32.0M to $2.4M. This contraction results in a growth score of 0/100.
FG Nexus Inc carries a low D/E ratio of 0.14, meaning only $0.14 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.
FG Nexus Inc generates a -46.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -1.8% the prior year.
FG Nexus Inc passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, FG Nexus Inc generates $0.09 in operating cash flow (-$6.3M OCF vs -$66.7M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
FG Nexus Inc earns $-484.8 in operating income for every $1 of interest expense (-$64.0M vs $132K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
FG Nexus Inc generated $2.4M in revenue in fiscal year 2025. This represents a decrease of 92.5% from the prior year.
FG Nexus Inc's EBITDA was -$63.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 463.6% from the prior year.
FG Nexus Inc reported -$66.7M in net income in fiscal year 2025. This represents a decrease of 4975.4% from the prior year.
FG Nexus Inc earned $-25.69 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 111.3% from the prior year.
Cash & Balance Sheet
FG Nexus Inc held $13.4M in cash against $0 in long-term debt as of fiscal year 2025.
FG Nexus Inc had 7M shares outstanding in fiscal year 2025. This represents an increase of 2692.3% from the prior year.
Margins & Returns
FG Nexus Inc's operating margin was -2652.3% in fiscal year 2025, reflecting core business profitability. This is down 2615.7 percentage points from the prior year.
FG Nexus Inc's net profit margin was -2765.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2761.8 percentage points from the prior year.
FG Nexus Inc's ROE was -46.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 44.7 percentage points from the prior year.
Capital Allocation
FG Nexus Inc spent $26.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
FGNX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $892K-94.2% | $15.3M+124.9% | $6.8M-3.4% | $7.0M-19.8% | $8.8M+6.0% | $8.3M+5.3% | $7.9M |
| 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 | N/A | $3.4M+183.6% | $1.2M+5.8% | $1.1M+273.2% | -$645K-125.7% | $2.5M+118.9% | $1.1M+2.1% | $1.1M |
| Operating Income | N/A | $4.2M-19.7% | $5.3M+159.7% | -$8.8M-296.5% | $4.5M+258.8% | -$2.8M+56.8% | -$6.6M+3.6% | -$6.8M |
| Interest Expense | N/A | -$13K-159.1% | $22K-33.3% | $33K+167.3% | -$49K-236.1% | $36K-60.4% | $91K-59.6% | $225K |
| Income Tax | N/A | $103K-51.0% | $210K+408.8% | -$68K-283.8% | $37K+215.6% | -$32K+60.0% | -$80K-370.6% | -$17K |
| Net Income | N/A | -$3.4M-162.0% | $5.5M+156.1% | -$9.8M-13.4% | -$8.6M-148.7% | $17.7M+398.0% | -$5.9M-33.3% | -$4.4M |
| EPS (Diluted) | N/A | $-0.33-108.4% | $3.93+148.9% | $-8.03 | N/A | $15.06 | $-5.46+18.6% | $-6.71 |
FGNX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $163.8M-33.1% | $244.7M+163.5% | $92.9M-7.4% | $100.3M-8.4% | $109.5M-5.6% | $116.0M+17.8% | $98.4M-10.8% | $110.3M |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $13.4M+78.7% | $7.5M-32.3% | $11.1M+95.4% | $5.7M-13.6% | $6.6M+1.6% | $6.5M+10.4% | $5.8M-18.9% | $7.2M |
| Inventory | N/A | N/A | $2.3M+12.6% | $2.1M+45.6% | $1.4M-3.2% | $1.5M-41.9% | $2.5M-42.7% | $4.4M |
| Accounts Receivable | N/A | N/A | $4.5M+23.0% | $3.7M+8.6% | $3.4M-29.7% | $4.8M+13.4% | $4.2M-32.5% | $6.3M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $881K |
| Total Liabilities | $20.4M+48.4% | $13.7M-41.7% | $23.5M-35.0% | $36.2M+2.5% | $35.3M+7.7% | $32.8M-13.7% | $38.0M-13.1% | $43.7M |
| 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 | $203K-13.2% | $234K-22.3% | $301K-18.4% | $369K-15.6% | $437K-91.9% | $5.4M |
| Total Equity | $143.5M-37.9% | $231.0M+233.1% | $69.3M+8.1% | $64.2M-13.5% | $74.2M-10.8% | $83.2M+41.6% | $58.7M-9.4% | $64.8M |
| Retained Earnings | -$68.7M-643.6% | -$9.2M-71.0% | -$5.4M+48.2% | -$10.4M-4455.0% | -$229K-102.6% | $8.8M+205.1% | -$8.4M-288.2% | -$2.2M |
FGNX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.5M-137.2% | -$632K+47.2% | -$1.2M+59.1% | -$2.9M-495.3% | -$491K-201.4% | $484K+115.1% | -$3.2M-210.9% | -$1.0M |
| Capital Expenditures | N/A | N/A | $1K-92.9% | $14K+333.3% | -$6K-118.8% | $32K+966.7% | $3K-82.4% | $17K |
| Free Cash Flow | N/A | N/A | -$1.2M+59.2% | -$2.9M-490.9% | -$497K-210.0% | $452K+114.1% | -$3.2M-206.1% | -$1.0M |
| Investing Cash Flow | $33.7M+120.4% | -$165.4M-2287.0% | $7.6M+397.8% | $1.5M-46.7% | $2.8M-52.8% | $6.0M+196.7% | $2.0M-9.0% | $2.2M |
| Financing Cash Flow | -$26.3M-116.1% | $163.6M+16988.4% | -$969K-34.6% | -$720K-36.9% | -$526K+90.5% | -$5.5M-2863.4% | -$186K+70.7% | -$634K |
| 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 |
FGNX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | 476.1%+441.6pp | 34.5%+164.5pp | -129.9%-193.8pp | 63.9%+96.1pp | -32.2%+46.9pp | -79.1%+7.3pp | -86.4% |
| Net Margin | N/A | -380.2%-415.9pp | 35.7%+178.9pp | -143.2%-21.2pp | -122.0%-322.8pp | 200.8%+272.2pp | -71.4%-15.0pp | -56.4% |
| Return on Equity | N/A | -1.5%-9.4pp | 7.9%+23.1pp | -15.2%-3.6pp | -11.6%-32.8pp | 21.2%+31.3pp | -10.1%-3.2pp | -6.9% |
| Return on Assets | N/A | -1.4%-7.3pp | 5.9%+15.6pp | -9.7%-1.9pp | -7.9%-23.1pp | 15.2%+21.3pp | -6.0%-2.0pp | -4.0% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 0.14+0.1 | 0.06+0.1 | 0.000.0 | 0.000.0 | 0.000.0 | 0.000.0 | 0.01-0.1 | 0.08 |
| FCF Margin | N/A | N/A | -7.8%+35.3pp | -43.1%-36.1pp | -7.0%-12.2pp | 5.1%+43.8pp | -38.6%-25.3pp | -13.3% |
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Frequently Asked Questions
What is FG Nexus Inc's annual revenue?
FG Nexus Inc (FGNX) reported $2.4M in total revenue for fiscal year 2025. This represents a -92.5% 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 FG Nexus Inc's revenue growing?
FG Nexus Inc (FGNX) revenue declined by 92.5% year-over-year, from $32.0M to $2.4M in fiscal year 2025.
Is FG Nexus Inc profitable?
No, FG Nexus Inc (FGNX) reported a net income of -$66.7M in fiscal year 2025, with a net profit margin of -2765.9%.
What is FG Nexus Inc's EBITDA?
FG Nexus Inc (FGNX) had EBITDA of -$63.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is FG Nexus Inc's operating margin?
FG Nexus Inc (FGNX) had an operating margin of -2652.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is FG Nexus Inc's net profit margin?
FG Nexus Inc (FGNX) had a net profit margin of -2765.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FG Nexus Inc's return on equity (ROE)?
FG Nexus Inc (FGNX) has a return on equity of -46.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FG Nexus Inc's operating cash flow?
FG Nexus Inc (FGNX) generated -$6.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are FG Nexus Inc's total assets?
FG Nexus Inc (FGNX) had $163.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is FG Nexus Inc's debt-to-equity ratio?
FG Nexus Inc (FGNX) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FG Nexus Inc's return on assets (ROA)?
FG Nexus Inc (FGNX) had a return on assets of -40.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FG Nexus Inc's cash runway?
Based on fiscal year 2025 data, FG Nexus Inc (FGNX) had $13.4M in cash against an annual operating cash burn of $6.3M. This gives an estimated cash runway of approximately 26 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 FG Nexus Inc's Piotroski F-Score?
FG Nexus Inc (FGNX) has a Piotroski F-Score of 2 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are FG Nexus Inc's earnings high quality?
FG Nexus Inc (FGNX) has an earnings quality ratio of 0.09x, 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 FG Nexus Inc cover its interest payments?
FG Nexus Inc (FGNX) has an interest coverage ratio of -484.8x, 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 FG Nexus Inc?
FG Nexus Inc (FGNX) 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.