FG Nexus Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.4M | $32.0M | $26.5M | $20.1M | $4.9M |
| Selling, general & administrative | — | $4.1M | $3.8M | — | — |
| Operating expenses | — | $42.2M | $33.4M | $19.0M | $14.9M |
| Operating income | -$64.0M | -$11.7M | -$16.3M | — | — |
| Interest expense | $132,000 | $303,000 | $520,000 | — | — |
| Pretax income | -$67.7M | -$24.4M | -$13.3M | $1.1M | -$7.3M |
| Income tax expense | -$73,000 | -$92,000 | -$998,000 | — | — |
| Net income | -$66.7M | -$1.3M | -$14.6M | $1.1M | -$8.5M |
| Balance Sheet | |||||
| Cash and equivalents | $13.4M | $6.6M | $6.0M | $3.0M | $15.5M |
| Total assets | $163.8M | $109.5M | $62.1M | $49.5M | $40.8M |
| Total liabilities | $20.4M | $35.3M | $25.1M | $12.2M | $6.8M |
| Total debt | — | $301,000 | $5.5M | — | — |
| Stockholders' equity | $143.5M | $74.2M | $35.1M | $37.3M | $34.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$6.2M | -$4.2M | $156,000 | -$11.0M | -$14.4M |
| Depreciation and amortization | $304,000 | $408,000 | $841,000 | — | — |
| Stock-based compensation | $7.8M | $1.6M | $1.6M | $255,000 | $559,000 |
| Capital expenditure | — | $46,000 | $164,000 | $81,000 | $14,000 |
| Free cash flow | — | -$4.3M | -$8,000 | -$11.1M | -$14.4M |
| Share repurchases | $26.1M | $3.7M | — | — | — |
| Impairments | $100,000 | $1.5M | — | — | — |
Shares outstanding 6.3M · Free float 34.3%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.