FG Nexus Inc (FGNX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-K for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FGNX SEC filings page.
FG Nexus Inc (FGNX) reported $2.4M in revenue for fiscal year 2025, down 92.5% from the prior fiscal year. This page shows its 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).
Asset intensity and external financing dominate a business whose reported sales collapsed while losses widened sharply.
By FY2025, assets were roughly 68x annual revenue, versus 3.4x in FY2024; the business had become far more asset-heavy relative to reported sales. This disconnect means the asset base is no longer being supported primarily by the current revenue scale.
FY2025's net loss was
FY2025 debt-to-equity was 0.1x, consistent with a lightly debt-funded structure. Financing cash flow of
Financial Health Signals
Scored against emerging 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 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 held $13.4M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations used $6.3M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and FG Nexus Inc scores 50/100 among other emerging companies.
FG Nexus Inc had 7M shares outstanding at the end of fiscal year 2025. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and FG Nexus Inc scores 87/100 among other emerging companies.
Not available for FG Nexus Inc, and counted as zero in the overall score.
FG Nexus Inc reported revenue of $2.4M in fiscal year 2025, against $32.0M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and FG Nexus Inc scores 1/100 among other emerging companies.
Not available for FG Nexus Inc, and counted as zero in the overall score.
FG Nexus Inc's cash, cash equivalents and investments came to $13.4M at the end of fiscal year 2025, against $20.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and FG Nexus Inc scores 48/100 among other emerging companies.
FG Nexus Inc passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
FG Nexus Inc reported a net loss of $66.7M while operations used $6.3M of cash. With neither figure positive, the ratio between the two carries no quality signal.
FG Nexus Inc reported an operating loss of $64.0M against $132K 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
FG Nexus Inc generated $242K in revenue in Q2 2026. This represents a decrease of 97.3% from the same quarter a year earlier. Against the prior quarter it is up 4.3%.
FG Nexus Inc's EBITDA was -$2.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 36.0% from the same quarter a year earlier. Against the prior quarter it is up 94.8%.
FG Nexus Inc reported -$18.3M in net income in Q2 2026. This represents a decrease of 434.2% from the same quarter a year earlier. Against the prior quarter it is up 52.7%.
FG Nexus Inc earned -$3.07 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 47.8%.
Cash & Balance Sheet
FG Nexus Inc held $24.9M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
FG Nexus Inc's ROE was -28.5% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 36.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 14.1 percentage points.
Not reported for Q2 2026.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
FG Nexus Inc spent $6.5M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 25.1%.
Not reported for Q2 2026.
Not reported for Q2 2026.
FGNX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-K | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $242K-97.3% | $232K-96.6% | N/A | $892K-89.9% | $9.1M+9.4% | $6.8M-13.6% | $7.0M+164.6% | $8.8M+30.7% |
| SG&A Expenses | $2.3M+91.0% | $3.7M+229.5% | N/A | $3.4M+33.8% | $1.2M+3.2% | $1.1M-0.4% | -$645K+87.0% | $2.5M-5.9% |
| Operating Income | -$2.1M-34.3% | -$40.2M-1668.9% | N/A | $4.2M+249.8% | -$1.6M+75.7% | -$2.3M+66.6% | $4.5M+336.5% | -$2.8M+29.9% |
| EBITDA | -$2.1M-36.0% | -$40.1M-1728.3% | N/A | $4.3M+256.5% | -$1.5M+76.2% | -$2.2M+66.4% | $4.4M+341.4% | -$2.8M+27.2% |
| Interest Expense | N/A | N/A | N/A | -$13K-136.1% | $22K-75.8% | $33K-85.3% | -$49K-125.1% | $36K-70.2% |
| Income Tax | $205K-2.4% | -$9K+86.8% | N/A | $103K+421.9% | $210K+362.5% | -$68K-300.0% | $37K+109.8% | -$32K+89.5% |
| Net Income | -$18.3M-434.2% | -$38.6M-296.1% | N/A | -$3.4M-119.2% | $5.5M+192.4% | -$9.8M-119.5% | -$8.6M-344.4% | $17.7M+631.1% |
| EPS (Basic) | -$3.07-115.6% | -$5.88+85.4% | -$23.81-27.1% | -$0.33-102.2% | $19.63+459.5% | -$40.17-498.7% | -$18.74-26671.4% | $15.06+288.0% |
| EPS (Diluted) | -$3.07 | -$5.88 | -$23.81 | -$0.33 | $19.63 | -$40.17 | -$18.74 | $15.06 |
| Diluted Shares (Avg) | 6M | 7M | N/A | 12M | 256,000 | 254,000 | N/A | 1M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
FGNX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-K | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $69.3M-25.3% | $95.7M-4.6% | $163.8M+49.7% | $244.7M+111.1% | $92.9M-5.6% | $100.3M-9.0% | $109.5M+76.2% | $116.0M+97.1% |
| Cash & Equivalents | $24.9M+125.0% | $14.1M+149.4% | $13.4M+104.1% | $7.5M+16.0% | $11.1M+89.3% | $5.7M-21.4% | $6.6M+9.5% | $6.5M+16.9% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $0-100.0% |
| Inventory | N/A | N/A | N/A | N/A | $2.3M-7.9% | $2.1M-53.1% | $1.4M-3.4% | $1.5M |
| Accounts Receivable | N/A | N/A | N/A | N/A | $4.5M+6.6% | $3.7M-41.5% | $3.4M-4.1% | $4.8M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.2M-77.9% | $4.9M-86.4% | $20.4M-42.3% | $13.7M-58.1% | $23.5M-38.1% | $36.2M-17.2% | $35.3M+40.3% | $32.8M+102.7% |
| Long-Term Debt | N/A | N/A | N/A | N/A | $203K-53.5% | $234K-95.6% | $301K-94.5% | $369K |
| Total Equity | $64.1M-7.5% | $90.8M+41.5% | $143.5M+93.4% | $231.0M+177.7% | $69.3M+18.1% | $64.2M-1.0% | $74.2M+111.1% | $83.2M+95.0% |
| Retained Earnings | -$126.4M-2237.8% | -$107.7M-932.9% | -$68.7M-29918.8% | -$9.2M-204.8% | -$5.4M+35.6% | -$10.4M-382.7% | -$229K-109.8% | $8.8M+127.2% |
Not reported in any period shown, so not listed: Current Assets, Goodwill, Current Liabilities, Non-Current Liabilities.
FGNX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-K | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.5M-212.7% | -$6.2M-113.1% | -$1.5M-205.3% | -$375K-177.5% | -$1.5M+54.6% | -$2.9M-183.8% | -$491K-113.7% | $484K+157.6% |
| Depreciation & Amortization | $74K0.0% | $74K-5.1% | $73K-9.9% | $74K-1.3% | $74K-58.4% | $78K-70.8% | $81K-68.5% | $75K-70.4% |
| Stock-Based Compensation | N/A | $117K-33.1% | N/A | N/A | N/A | $175K-46.5% | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | $1K-66.7% | $14K-17.6% | -$6K-76.0% | $32K+77.8% |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$1.5M+54.6% | -$2.9M-180.5% | -$497K-114.0% | $452K+152.7% |
| Investing Cash Flow | $23.7M+188.5% | $21.4M+1309.5% | $33.7M+1084.4% | -$166.0M-2852.6% | $8.2M+304.2% | $1.5M-32.0% | $2.8M+3848.7% | $6.0M+1560.5% |
| Financing Cash Flow | -$8.4M-764.6% | -$14.4M-1903.8% | -$26.3M-4908.7% | $163.6M+3069.0% | -$969K-421.0% | -$720K-13.6% | -$526K-98.5% | -$5.5M-1800.7% |
| Share Buybacks | $6.5M | $8.7M | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
FGNX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-K | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -886.4% | -17337.9% | N/A | 476.1% | -17.6%+61.5pp | -33.4%+53.0pp | 63.9%+135.3pp | -32.2%+27.9pp |
| Net Margin | -7557.4% | -16654.3% | N/A | -380.2% | 60.3%+131.7pp | -143.2% | -122.0% | 200.8% |
| Return on Equity | -28.5%-36.4pp | -42.6%-27.4pp | N/A | -1.5%-22.7pp | 7.9%+18.0pp | -15.2%-8.4pp | -11.6%-6.1pp | 21.2%+29.0pp |
| Return on Assets | -26.4%-32.3pp | -40.4%-30.7pp | N/A | -1.4%-16.6pp | 5.9%+11.9pp | -9.7%-5.7pp | -7.9%-4.7pp | 15.2%+20.9pp |
| Debt-to-Equity | 0.08+0.1x | 0.05+0.1x | 0.14+0.1x | 0.06+0.1x | 0.000.0x | 0.00-0.1x | 0.00-0.2x | 0.00-0.4x |
| Asset Turnover | 0.00-0.1x | 0.00-0.1x | N/A | 0.00-0.1x | 0.100.0x | 0.070.0x | 0.060.0x | 0.080.0x |
| FCF Margin | N/A | N/A | N/A | N/A | -16.0%+22.6pp | -43.1%-29.8pp | -7.0% | 5.1%+17.9pp |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| FG Nexus Inc FGNX | FY2025 | $2.4M | -$66.7M | N/A | $41.5M | 31/100 |
| PRESTIGE WEALTH INC PWM | FY2024 | $640K | -$6.9M | N/A | $54.2M | — |
| CaliberCos CWD | FY2025 | $20.1M | -$21.8M | N/A | $5.4M | 14/100 |
| Beneficient BENF | FY2026 | $40K | -$87.4M | N/A | $27.7M | — |
Where FG Nexus Inc Ranks
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.
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 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) recorded an outflow of $6.3M in operating cash flow during fiscal year 2025, representing cash used by 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 P/E ratio?
FG Nexus Inc (FGNX) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $41.5M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FG Nexus Inc's price-to-sales ratio?
FG Nexus Inc (FGNX) trades at 17.2x sales, its market capitalization divided by revenue of $2.4M revenue, FY2025. The market capitalization is $41.5M as of Sep 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is FG Nexus Inc's Piotroski F-Score?
FG Nexus Inc (FGNX) has a Piotroski F-Score of 1 out of 6 computable signals; 3 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 FG Nexus Inc's earnings high quality?
FG Nexus Inc (FGNX) reported a net loss of $66.7M while operations used $6.3M 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 FG Nexus Inc cover its interest payments?
FG Nexus Inc (FGNX) reported an operating loss of $64.0M against $132K 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 FG Nexus Inc?
FG Nexus Inc (FGNX) scores 31 out of 100 on our Financial Health Score, indicating weak standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), 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.