FG Nexus 8.00% Cumulative Preferred Stock (FGNXP) Financials
Newest figures come from the 10-Q 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 FGNXP SEC filings page.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) 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).
FG Nexus’s FY2025 statements show financing-led balance-sheet expansion alongside sharply lower revenue and losses disconnected from operating cash use.
The key earnings-quality gap is that FY2025 reported a net loss of$66.7M against operating cash flow of-$6.3M . In FY2024, the net loss was$1.3M versus operating cash flow of-$4.2M , so accounting losses expanded much faster than cash outflows, making net income a poor proxy for current cash consumption.
Revenue fell
The balance sheet became more equity-funded: assets grew
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed: here 4 of 6, with the others left out rather than counted as zero. 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. 8.00% Cumulative Preferred Stock'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. 8.00% Cumulative Preferred Stock 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. 8.00% Cumulative Preferred Stock scores 54/100 among other emerging companies.
FG Nexus Inc. 8.00% Cumulative Preferred Stock 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. 8.00% Cumulative Preferred Stock scores 93/100 among other emerging companies.
Not available for FG Nexus Inc. 8.00% Cumulative Preferred Stock, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
FG Nexus Inc. 8.00% Cumulative Preferred Stock 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. 8.00% Cumulative Preferred Stock scores 1/100 among other emerging companies.
Not available for FG Nexus Inc. 8.00% Cumulative Preferred Stock, so it is left out of the overall score, which averages the 4 of 6 dimensions that can be computed.
FG Nexus Inc. 8.00% Cumulative Preferred Stock'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. 8.00% Cumulative Preferred Stock scores 50/100 among other emerging companies.
FG Nexus Inc. 8.00% Cumulative Preferred Stock 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), the one computable operating efficiency signal (asset turnover improving) does not pass.
FG Nexus Inc. 8.00% Cumulative Preferred Stock 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. 8.00% Cumulative Preferred Stock 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. 8.00% Cumulative Preferred Stock 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. 8.00% Cumulative Preferred Stock's EBITDA was -$2.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
FG Nexus Inc. 8.00% Cumulative Preferred Stock reported a net loss of $18.3M in Q2 2026. This represents a decrease of 434.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
FG Nexus Inc. 8.00% Cumulative Preferred Stock earned -$3.07 per diluted share (EPS) in Q2 2026. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
FG Nexus Inc. 8.00% Cumulative Preferred Stock held $24.9M in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
FG Nexus Inc. 8.00% Cumulative Preferred Stock's quarterly ROE was -28.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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. 8.00% Cumulative Preferred Stock 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.
FGNXP 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-Q | Q1'2610-Q | Q4'2510-Q | 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% | N/A | $2.5M-5.9% |
| Operating Income | -$2.1Mn/m | -$40.2Mn/m | N/A | $4.2Mn/m | -$1.6Mn/m | -$2.3Mn/m | $4.5Mn/m | -$2.8Mn/m |
| EBITDA | -$2.1Mn/m | -$40.1Mn/m | N/A | $4.3Mn/m | -$1.5Mn/m | -$2.2Mn/m | $4.4Mn/m | -$2.8Mn/m |
| 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% | -$9Kn/m | N/A | $103Kn/m | $210Kn/m | -$68Kn/m | $37Kn/m | -$32Kn/m |
| Net Income | -$18.3M-434.2% | -$38.6Mn/m | N/A | -$3.4M-119.2% | $5.5Mn/m | -$9.8Mn/m | -$8.6Mn/m | $17.7Mn/m |
| EPS (Basic) | -$3.07 | -$5.88 | -$23.81 | -$0.33 | $19.63 | -$40.17 | -$18.74 | $15.06 |
| 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.
FGNXP 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-Q | Q1'2610-Q | Q4'2510-Q | 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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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 | -$126.4Mn/m | -$107.7Mn/m | -$68.7Mn/m | -$9.2M-204.8% | -$5.4Mn/m | -$10.4Mn/m | -$229K-109.8% | $8.8Mn/m |
Not reported in any period shown, so not listed: Current Assets, Goodwill, Current Liabilities, Non-Current Liabilities.
FGNXP 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-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.5Mn/m | -$6.2Mn/m | -$1.5Mn/m | -$375K-177.5% | -$1.5Mn/m | -$2.9Mn/m | -$491K-113.7% | $484Kn/m |
| 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% | N/A | $32K+77.8% |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$1.5Mn/m | -$2.9Mn/m | N/A | $452Kn/m |
| 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% | $2.8Mn/m | $6.0Mn/m |
| Financing Cash Flow | -$8.4Mn/m | -$14.4Mn/m | -$26.3Mn/m | $163.6Mn/m | -$969Kn/m | -$720Kn/m | -$526Kn/m | -$5.5Mn/m |
| 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.
FGNXP 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-Q | Q1'2610-Q | Q4'2510-Q | 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 | N/A | N/A | N/A | N/A | 0.000.0x | 0.00-0.1x | 0.00-0.2x | 0.00 |
| Liabilities-to-Equity | 0.08-0.3x | 0.05-0.5x | 0.14-0.3x | 0.06-0.3x | 0.34-0.3x | 0.56-0.1x | 0.48-0.2x | 0.390.0x |
| 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 | N/A | 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. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| FG Nexus Inc. 8.00% Cumulative Preferred Stock FGNXP | FY2025 | $2.4M | -$66.7M | N/A | N/A | 50/100 |
| Avax One Technology Ltd. AVX | FY2025 | $2.3M | -$33.2M | N/A | $43.8M | 43/100 |
| BNB Standard Corporation Warrant BNCWW | FY2026 | $26.4M | $115.2M | N/A | N/A | 40/100 |
| Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock SLNHP | FY2025 | $29.7M | -$53.4M | N/A | N/A | 40/100 |
| Strategy Inc MSTR | FY2025 | $477.2M | -$3.8B | N/A | $55.4B | 40/100 |
| BitMine Immersion Technologies, Inc. BMNR | FY2025 | $6.1M | $348.6M | N/A | $11.8B | 48/100 |
Where FG Nexus Inc. 8.00% Cumulative Preferred Stock Ranks
Frequently Asked Questions
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) 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.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) revenue declined by 92.5% year-over-year, from $32.0M to $2.4M in fiscal year 2025.
No, FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) reported a net loss of $66.7M in fiscal year 2025.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) had EBITDA of -$63.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) has a return on equity of -46.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) recorded an outflow of $6.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) had $163.8M in total assets as of fiscal year 2025, including both current and long-term assets.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) had a liabilities-to-equity ratio of 0.14 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) had a return on assets of -40.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
At the end of fiscal year 2025, FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) held $13.4M in cash, cash equivalents and investments, and reported an operating cash outflow of $6.3M over that year. Dividing the one by the other, the reported balance equals about 26 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) 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.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) 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.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) 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.
FG Nexus Inc. 8.00% Cumulative Preferred Stock (FGNXP) scores 50 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is the average 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. For FG Nexus Inc. 8.00% Cumulative Preferred Stock it averages the 4 of 6 dimensions that can be computed; the others are left out rather than counted as zero. 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.