First Foods Group (FIFG) 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 Nov 2, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the filing for Q3 FY2023, filed Nov 20, 2023. Each column of the statement tables below links to the filing it was taken from.
First Foods Group Inc (FIFG) reported $85K in revenue for fiscal year 2022, down 76.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 8 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.
The latest figures depict a shrinking operating base, while liabilities grew and reported cash flow came without capital spending.
Revenue fell-76.6% to$85K in FY2022, yet operating and free cash flow both reached$421K . With capital expenditures at$0 , that cash result came with no measured reinvestment, making it difficult to interpret as evidence of scalable operations.
Total assets fell
Research and development was
Financial Health Signals
We do not publish a peer-relative financial health score for First Foods Group Inc, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
First Foods Group Inc passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). All 1 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
Key Financial Metrics
Earnings & Revenue
First Foods Group Inc generated $513 in revenue in Q3 2023. This represents a decrease of 96.4% from the same quarter a year earlier. Against the prior quarter it is down 46.1%.
First Foods Group Inc's EBITDA was -$183K in Q3 2023, 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.
First Foods Group Inc reported a net loss of $178K in Q3 2023. 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.
Not reported for Q3 2023.
Cash & Balance Sheet
First Foods Group Inc held $6K in cash against $1.5M in long-term debt as of Q3 2023.
Not reported for Q3 2023.
Not reported for Q3 2023.
Margins & Returns
Not reported for Q3 2023.
Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2023: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2023.
Capital Allocation
None of these metrics is reported for Q3 2023.
FIFG 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 | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Revenue | $513-96.4% | $952-98.5% | $4K-73.7% | N/A | $14K-76.4% | $64K-74.2% | $15K-65.0% | $13K-76.7% |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | $38K-76.6% | $2K-33.7% | $32K+45.6% |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | $26K-69.6% | $12K-68.1% | -$19K-157.0% |
| R&D Expenses | N/A | N/A | $20K+23.8% | N/A | N/A | N/A | $16K-5.3% | $31K-38.0% |
| SG&A Expenses | $181K-32.8% | $189K-43.6% | $276K-40.8% | N/A | $269K-42.4% | $335K-24.8% | $466K-40.5% | $93K-89.7% |
| Operating Income | -$183Kn/m | -$191Kn/m | -$273Kn/m | N/A | -$261Kn/m | -$467Kn/m | -$393Kn/m | -$394Kn/m |
| EBITDA | -$183Kn/m | -$191Kn/m | -$273Kn/m | N/A | -$238Kn/m | -$447Kn/m | -$382Kn/m | -$379Kn/m |
| Interest Expense | $47K-10.9% | $30K-66.0% | $51K-53.1% | N/A | $52K-70.2% | $90K-48.7% | $109K-41.4% | $135K-33.9% |
| Income Tax | $0n/m | $0n/m | $0n/m | N/A | $0n/m | $0n/m | $0n/m | $0n/m |
| Net Income | -$178Kn/m | -$170Kn/m | -$258Kn/m | N/A | -$313Kn/m | -$265Kn/m | -$502Kn/m | -$642Kn/m |
Not reported in any period shown, so not listed: EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
FIFG 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 | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $49K-80.6% | $56K-82.0% | $55K-88.7% | $54K-89.5% | $254K-61.6% | $308K-64.4% | $487K-38.4% | $512K-39.6% |
| Current Assets | $25K-79.9% | $32K-77.5% | $31K-84.2% | $30K-84.7% | $125K-53.3% | $140K-68.4% | $198K-41.1% | $196K-46.6% |
| Cash & Equivalents | $6K-23.2% | $2K-90.3% | $12K-1.6% | $525-95.4% | $7K-88.4% | $22K-88.4% | $12K-71.5% | $12K-77.1% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Inventory | $43-99.9% | $43-99.9% | $43-99.9% | $106-99.8% | $33K-43.2% | $34K-39.6% | $59K+19.9% | $57K+23.1% |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $5.5M+17.3% | $5.6M+19.4% | $5.5M+25.6% | $4.9M+22.2% | $4.7M+18.3% | $4.7M+24.9% | $4.4M+19.4% | $4.0M+17.2% |
| Current Liabilities | $5.7M+21.3% | $5.5M+21.9% | $5.3M+29.2% | $5.0M+35.0% | $4.7M+27.5% | $4.5M+29.3% | $4.1M+23.4% | $3.7M+27.5% |
| Non-Current Liabilities | -$188Kn/m | $150K-32.2% | $157K-34.7% | -$162K-162.3% | -$4K-101.4% | $221K-26.1% | $241K-22.9% | $260K-45.7% |
| Long-Term Debt | $1.5M+0.6% | $1.5M+0.3% | $1.5M+2.8% | $1.5M+5.6% | $1.5M-6.4% | $1.5M+0.7% | $1.5M+9.7% | $1.4M+13.6% |
| Total Equity | -$5.4Mn/m | -$5.6Mn/m | -$5.4Mn/m | -$4.8Mn/m | -$4.4Mn/m | -$4.4Mn/m | -$3.9Mn/m | -$3.5Mn/m |
| Retained Earnings | -$17.4Mn/m | -$17.2Mn/m | -$17.0Mn/m | -$16.8Mn/m | -$16.3Mn/m | -$16.1Mn/m | -$15.8Mn/m | -$15.3Mn/m |
Not reported in any period shown, so not listed: Accounts Receivable, Goodwill.
FIFG 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 | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$27Kn/m | -$112Kn/m | -$75Kn/m | N/A | -$93K-133.9% | -$120Kn/m | -$117Kn/m | -$543Kn/m |
| Depreciation & Amortization | $0-100.0% | $0-100.0% | $0-100.0% | $4K-72.0% | $23K+53.7% | $21K+30.6% | $11K-17.9% | $15K+12.3% |
| Stock-Based Compensation | $2K-72.6% | $6K-50.6% | $6K-81.4% | N/A | $8K-85.4% | $11K-84.5% | $30K-54.0% | N/A |
| Capital Expenditures | N/A | N/A | N/A | $0n/m | $0n/m | N/A | N/A | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | -$93K-133.9% | N/A | N/A | -$543K |
| Investing Cash Flow | N/A | N/A | N/A | $0n/m | $0n/m | N/A | N/A | $0n/m |
| Financing Cash Flow | $25K-67.9% | $108K-17.3% | $80K-31.9% | $90K+23.3% | $78K+399.0% | $131K-28.6% | $118K+380.3% | $73K-13.6% |
| Dividends Paid | $0n/m | $0n/m | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
FIFG 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 | Q3'23Filing | Q2'23Filing | Q1'23Filing | Q4'22Filing | Q3'22Filing | Q2'22Filing | Q1'22Filing | Q4'21Filing |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | 40.6%+6.1pp | 83.2%-7.9pp | -147.2% |
| Operating Margin | -35638.2% | -20074.5% | -7015.0% | N/A | -1836.6% | -731.4% | -2654.3% | -3070.7% |
| Net Margin | -34705.1% | -17806.8% | -6630.5% | N/A | -2205.9% | -415.4% | -3388.2% | -5002.6% |
| Return on Assets | -361.8%-238.6pp | -304.9%-218.9pp | -468.0%-364.9pp | N/A | -123.2%-47.1pp | -86.1%+9.7pp | -103.0%-40.0pp | -125.3%-72.9pp |
| Current Ratio | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.030.0x | 0.03-0.1x | 0.05-0.1x | 0.05-0.1x |
| Asset Turnover | 0.010.0x | 0.02-0.2x | 0.070.0x | N/A | 0.060.0x | 0.21-0.1x | 0.030.0x | 0.030.0x |
| FCF Margin | N/A | N/A | N/A | N/A | -652.7% | N/A | N/A | -4230.2% |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, Liabilities-to-Equity.
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: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$4.8M), which causes the debt-to-equity, liabilities-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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 |
|---|---|---|---|---|---|---|
| First Foods Group Inc FIFG | FY2022 | $85K | N/A | N/A | $3K | — |
| Seafarer Exploration Corp SFRX | FY2025 | N/A | N/A | N/A | $25.4M | — |
| Family Office of America FOFA | FY2025 | $222K | -$493K | N/A | $24.7M | — |
| Caro Holdings Inc CAHO | FY2026 | $11K | -$408K | N/A | $21.8M | — |
| SPAR Group Inc SGRP | FY2025 | $136.1M | -$24.6M | -18.1% | $17.0M | 34/100 |
| Wilhelmina Intl Inc WHLM | FY2024 | $17.6M | $614K | 3.5% | $7.6M | — |
Where First Foods Group Inc Ranks
Frequently Asked Questions
First Foods Group Inc (FIFG) reported $85K in total revenue for fiscal year 2022. This represents a -76.6% 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.
First Foods Group Inc (FIFG) revenue declined by 76.6% year-over-year, from $363K to $85K in fiscal year 2022.
As of fiscal year 2022, First Foods Group Inc (FIFG) had $525 in cash and equivalents against $1.5M in long-term debt.
First Foods Group Inc (FIFG) generated $421K in free cash flow during fiscal year 2022. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
First Foods Group Inc (FIFG) generated $421K in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
First Foods Group Inc (FIFG) had $54K in total assets as of fiscal year 2022, including both current and long-term assets.
First Foods Group Inc (FIFG) reported no capital expenditure during fiscal year 2022.
First Foods Group Inc (FIFG) invested $66K in research and development during fiscal year 2022.
First Foods Group Inc (FIFG) had a current ratio of 0.01 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
First Foods Group Inc (FIFG) has no price-to-earnings ratio at the moment: no net income reported. The market capitalization is $3K as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
First Foods Group Inc (FIFG) trades at 0.0x sales, its market capitalization divided by $85K revenue, FY2022. The market capitalization is $3K as of Nov 2, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
First Foods Group Inc (FIFG) has negative shareholder equity of -$4.8M as of fiscal year 2022, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
First Foods Group Inc (FIFG) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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.