FG Nexus Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FG Nexus Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	32.3	38.1	1.21	5.6	-17.2	7.6	20.1	26.5	32	2.41
Selling, general and administrative								3.78	4.13
Selling and marketing								0.82	1.29
General and administrative	6.92	9.3	1.15	2.48	5.97	9.18	8.35	11.1	9.4	14.5
Operating expenses	32.1	36.7	2.79	2.48	5.97	14.9	19	33.4	42.2
Operating income								-16.3	-11.7	-64
Interest expense								0.52	0.3	0.13
Other non-operating income								2.98	-12.7	-3.71
Pre-tax income	0.12	1.49	-1.58	3.12	-23.1	-7.33	1.09	-13.3	-24.4	-67.7
Income tax	0.11	1.2	0.31	0.74	-0.67			-1	-0.09	-0.07
Income from continuing operations									-24.3	-67.7
Net income to minority interests						1.33		-0.56	-0.16
Net income	0.01	0.29	0.8	0.31	-22.5	-8.51	1.09	-14.1	-2.57	-68.5
EBITDA								-15.4	-11.3	-63.7
EPS, basic		0.25	-0.25	-0.90	-20.77	-9.81	-0.45	-176.25	-12.16	-25.69
EPS, diluted		0.25	-0.25	-0.90	-20.77	-9.81	-0.45	-176.25	-12.16	-25.69
Shares, basic (weighted)	6.05	1.19	1.2	1.2	1.15	1.04	1.6	0	0.21	2.67
Shares, diluted (weighted)	6.05	1.19	1.2	1.2	1.15	1.04	1.6	0	0.21	2.67

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	43	23.6	3.67	28.5	12.1	15.5	3.01	6	6.56	13.4
Short-term investments	0.2	0.42	0.47
Receivables								3.53	3.38
Inventory								1.48	1.43
Property, plant and equipment	0.25	0.21	0.32					11.1	2.4	2.21
Lease right-of-use assets			0.31					0.37	0.2
Goodwill								0.9
Total assets	90.8	114	170	63.5	34.7	40.8	49.5	62.1	109	164
Deferred revenue		1.08	1.84
Short-term debt								2.29	2.07	1.92
Lease liabilities									0.24
Other non-current liabilities			0.04	0.03	0.06	0.58	0.23	0.1	0.23	3.3
Total liabilities	44.5	67.6	107	0.54	0.51	6.82	12.2	25.1	35.3	20.4
Total debt								5.46	0.3
Paid-in capital	46.8	47.1	46.3	46.8	47.1	46	50	55.9	50.9	217
Retained earnings	0.62	0.91	0.64	-0.34	-24.2	-34.4	-35.1	2.34	-0.23	-68.7
Treasury stock	-1.01	-1.01	-1.01	-1.01	-6.19			-18.6		-26.1
Other comprehensive income	-0.07	-0.17	-0.73					-4.68	1.11	-0.61
Shareholders' equity	46.4	46.8	62.7	62.9	34.2	34	37.3	35.1	74.2	143
Minority interests								1.86
Total equity	46.4	46.8	62.7	62.9	34.2	34	46.7	37	74.2	143
Total liabilities and equity	90.8	114	170	63.5	34.7	40.8	49.5	62.1	109	164
Shares outstanding	5.96	1.2	1.2	1.21	1	1.3	1.88	0.18	0.25	7.08

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	0.01	0.29	0.8	0.31	-22.5	-7.19	1.09	-14.6	-1.32	-66.7
Depreciation and amortization	0.07	0.07	0.12					0.84	0.41	0.3
Stock-based compensation	0.04	0.03	0.34	0.41	0.31	0.56	0.26	1.61	1.62	7.76
Deferred income tax	0.09	0.4	-0.03	0.37	-0.11			-0.93	-0.65	-2.06
Change in receivables								1.83	0.18
Change in inventory								0.39	-0.02
Change in payables			-0.04	0.33	0.08	0.6	-0.13	0.82	3.21	5.77
Cash from operations	3.37	7.53	24.8	-20.6	-11.3	-14.4	-11	0.16	-4.24	-6.25
Capital expenditures				-0	-0.01	-0.01	-0.08	-0.16	-0.05
Acquisitions									-2.3	-2.3
Purchases of investments	-10.8	-30.1	-32.5
Sales and maturities of investments	4.35	5.38	1.1	18
Cash from investing	-6.85	-27	-29.2	-19.7	-1.16	5.9	-3.45	-0.7	13.1	-123
Debt repaid									-0.6	-0.25
Stock issued		0.22				5.25	3.73	-0.16	-0.25
Share buybacks	-1.2		-3.3							-26.1
Cash from financing	-1.44	-0.02	11.8	-1.44	-3.94	11.9	1.94	3.38	-6.86	136
Exchange rate effect								0.02	-0.01	0.02
Net change in cash	-4.91	-19.5	7.33	-2.39	-16.4	3.41	-12.5	2.96	2	6.83
Free cash flow				-20.6	-11.3	-14.4	-11.1	-0.01	-4.29
Income taxes paid	0.13	0.16	1.61	-0.63	-0.1	1.47		0	0.35	1.15

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $25.99 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Return on equity (ROE)	-188.7%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-174.5%	Net income / average total assets.
Return on invested capital (ROIC)	-206.6%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-92.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-50.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y	93.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	56.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	33.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	49.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	49.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	36.4%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1,164.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	18.5%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	18.4%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	7.5%	Total liabilities / total assets.
Tangible book value	$64.1M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	-0.19x	Revenue / average total assets.
Fixed asset turnover	-6.55x	Revenue / average property, plant and equipment.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$19.90	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	-$2.14	Revenue / diluted weighted shares.
Operating cash flow per share	-$2.08	Cash from operations / diluted weighted shares.
Book value per share	$11.43	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.43	Tangible book value / shares outstanding.
Cash per share	$4.44	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$132.4M	Share price x shares outstanding.
Enterprise value	$107.5M	Market cap + total debt - cash - short-term investments.
P/B	2.07x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.07x	Market cap / tangible book value, when positive.
Earnings yield	-91.3%	Net income / market cap (the inverse of P/E).

What was FG Nexus Inc.'s revenue in fiscal 2025?

FG Nexus Inc. reported revenue of $2.4M for fiscal 2025, 92.5% lower than the year before.

Was FG Nexus Inc. profitable in fiscal 2025?

No. It reported a net loss of $68.5M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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