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FBYD

Falcon's Beyond Global, Inc. Class A Common Stock

FBYD

Falcon's Beyond Global, Inc. Class A Common Stock • NASDAQ
$20.42 ▲ 23.91% (+3.94)
Market Cap $760.60 M
52w High $22.59
52w Low $3.62
Dividend Yield 0%
P/E -78.54
Volume 92.40K
Outstanding Shares 37.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.054M ▲ $6.172M ▲ $-4.469M ▼ -110.237% ▼ $-0.13 ▼ $-9.315M ▼
Q2-2025 $2.549M ▲ $3.468M ▼ $11.444M ▲ 448.96% ▲ $0.31 ▲ $25.993M ▲
Q1-2025 $1.708M ▲ $7.941M ▲ $-3.677M ▼ -215.281% ▼ $-0.29 ▼ $-6.757M ▲
Q4-2024 $1.362M ▼ $5.931M ▲ $-2.215M ▼ -162.628% ▼ $-0.15 ▼ $-11.097M ▼
Q3-2024 $2.069M $4.53M $5.869M 283.664% $0.49 $39.723M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $4.257M ▼ $66.793M ▼ $46.957M ▼ $9.151M ▲
Q2-2025 $25.787M ▲ $89.207M ▲ $88.283M ▲ $414K ▲
Q1-2025 $1.108M ▲ $56.72M ▼ $82.667M ▲ $-11.597M ▼
Q4-2024 $825K ▼ $61.231M ▼ $81.328M ▲ $-8.965M ▼
Q3-2024 $828K $66.55M $76.025M $-1.414M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.469M ▼ $-13.321M ▼ $-2.044M ▼ $-4.163M ▼ $-21.807M ▼ $-13.362M ▼
Q2-2025 $25.112M ▲ $-7.904M ▼ $25.323M ▲ $7.532M ▲ $24.956M ▲ $-7.904M ▼
Q1-2025 $-8.092M ▲ $945K ▲ $-90K ▼ $-601K ▼ $283K ▲ $853K ▲
Q4-2024 $-11.872M ▼ $-3.794M ▼ $-2K $3.927M ▲ $-3K ▲ $-3.796M ▼
Q3-2024 $39.301M $-2.373M $-2K $1.529M $-836K $-2.377M

Revenue by Products

Product Q1-2025Q2-2025
Reportable Segments
Reportable Segments
 $10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Falcon’s Beyond looks much more like an early‑stage project platform than a mature operating business. Reported revenue over the last several years is extremely small, and operating results have been consistently in the red. The recent swing to a reported accounting profit and positive EBITDA appears driven more by one‑off or non‑operating items than by a healthy, recurring underlying business. In plain terms, the income statement shows a company still in build‑out mode: costs to design, develop, and scale the concept are running well ahead of the revenue base, and sustainable earnings power is not yet visible in the historical figures.

Balance Sheet

Balance Sheet The balance sheet is thin and heavily constrained. Total assets are modest, cash on hand is very limited, and there is a meaningful layer of debt. Shareholders’ equity has been negative for several years, which signals accumulated losses and a capital structure that leans heavily on borrowed money and external funding rather than retained profits. This leaves the company with less cushion to absorb setbacks and makes its growth plan more sensitive to the availability and cost of new capital.

Cash Flow

Cash Flow Cash generation is the key weak point. Operating cash flow has been consistently negative, and free cash flow has also been negative each year, meaning the business is not currently funding itself from its own operations. Capital spending shown in the statements is low, but the overall pattern still points to a cash‑consuming model that depends on outside financing or transactions to keep moving forward. Until the project pipeline begins to translate into larger, steadier inflows, cash flow will remain a central risk to watch.

Competitive Edge

Competitive Edge On the strategic side, the story is much stronger than the raw financials. Falcon’s Beyond is positioning itself in a specialized niche: immersive, story‑driven attractions and “big‑experience, small‑footprint” parks. Its vertical integration—from creative design, to proprietary ride systems, to destination development—creates a differentiated offering versus traditional design firms or pure park operators. The partnership with Meliá Hotels and involvement in high‑profile projects (like Qiddiya in Saudi Arabia) add credibility and potential deal flow. That said, the company is still small relative to global entertainment giants, execution on large projects is complex, and its client base and pipeline are not yet diversified enough to fully offset that scale disadvantage.

Innovation and R&D

Innovation and R&D Innovation is the clear highlight. Falcon’s Beyond has developed a suite of proprietary ride platforms, interactive theaters, and augmented‑reality tools, and the acquisition of Oceaneering Entertainment Systems further deepens its technology base and in‑house manufacturing capabilities. The transmedia focus—building owned IP such as Katmandu across parks, media, and merchandise—aims to create recurring value beyond single attractions. This innovation engine could be a powerful long‑term asset, but it is also capital‑ and time‑intensive, with payoffs that depend on successful project delivery, guest adoption, and the strength of partner relationships across different regions.

Summary

Overall, Falcon’s Beyond is a high‑concept, early‑stage experiential entertainment platform with promising strategic assets but fragile financial foundations. The income statement and cash flows show a business still in the investment and ramp‑up phase, with tiny revenue, persistent operating losses, and ongoing cash burn. The balance sheet is thin and levered, increasing sensitivity to funding conditions and project timing. Against that, the company boasts differentiated technology, IP, and partnerships that could support a meaningful position in next‑generation themed entertainment if executed well. The gap between the ambitious strategic vision and the modest, loss‑making financial history is wide, so the key questions ahead center on execution, scaling revenue, and securing enough capital to bridge from concept to durable, cash‑generating operations.

NEWS

November 14, 2025 · 8:00 AM UTC

Falcon's Beyond Reports Third Quarter 2025 Financial Results

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November 6, 2025 · 9:30 AM UTC

Falcon's Creative Group Names Mitchell Magill as President

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November 3, 2025 · 10:51 AM UTC

Falcon's Beyond and CD PROJEKT RED to Create Cyberpunk 2077 Concepts for Themed Experience Market

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October 28, 2025 · 9:00 AM UTC

Falcon's Beyond Names Jason Ambler as Chief Content Officer

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