Fundamental Global Inc. (FGF) Financial Statements
Industry: Finance Services
In fiscal 2025, Fundamental Global reported revenue of $2.4M, down 92.5% from $32.0M the year before. Net income was -$66.7M (a -2765.9% net margin), or -$25.69 per diluted share. Operating margin was -2652.3%. Operating activities generated -$6.2M of cash. At fiscal year end, Fundamental Global held $163.8M in total assets against $20.4M in total liabilities, including $13.4M of cash and equivalents.
Open the full interactive Fundamental Global financials → Quarterly statements, key ratios, valuation history and price charts.
Fundamental Global Key Stats
| Share Price | $5.90 |
|---|---|
| Market Cap | $35.9M |
| Revenue YoY Growth | -92.5% |
| 52-Week Range | $4.23 – $22.70 |
| Shares Outstanding | 6.1 million (basic, 2026 Q2) |
Fundamental Global Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | -$17.2M | $4.9M | $0 | $26.8M | $32.0M | $2.4M |
| Operating Income | — | — | — | — | -$24.9M | -$64.0M |
| Pre-Tax Income | -$23.1M | -$7.3M | $1.1M | $3.8M | -$23.0M | -$67.7M |
| Income Tax | -$665,000 | $1.2M | — | — | -$139,000 | -$73,000 |
| Net Income | -$22.5M | -$8.5M | $1.1M | $3.8M | -$1.2M | -$66.7M |
| Diluted EPS | -$518.75 | -$245.00 | — | $48.10 | -$12.15 | -$25.69 |
Fundamental Global Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $892,000 | — | $232,000 | $242,000 |
| Net Income | -$3.4M | -$59.1M | -$38.6M | -$18.3M |
| Diluted EPS | -$1.65 | -$22.15 | -$5.88 | -$3.07 |
Fundamental Global Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $12.1M | $15.5M | $3.0M | $2.4M | $7.8M | $13.4M |
| Total Assets | $34.7M | $40.8M | $49.5M | $65.7M | $109.5M | $163.8M |
| Total Long-Term Debt | — | — | — | $450,000 | $301,000 | — |
| Total Liabilities | $512,000 | $6.8M | $12.2M | $23.2M | $35.3M | $20.4M |
| Shareholders' Equity | $34.2M | $34.0M | $37.3M | $42.5M | $74.2M | $143.5M |
Fundamental Global Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$11.3M | -$14.4M | -$11.0M | -$4.2M | -$4.7M | -$6.2M |
| Cash From Investing | -$1.2M | $5.9M | -$3.5M | $4.1M | $13.1M | -$122.6M |
| Cash From Financing | -$3.9M | $11.9M | $1.9M | -$506,000 | -$6.9M | $135.6M |
| Free Cash Flow | -$11.3M | -$14.4M | -$11.1M | -$4.3M | -$4.8M | — |
Figures from Fundamental Global's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Fundamental Global financials page for every line item.
Fundamental Global Company Profile
| Ticker | FGF |
|---|---|
| Exchange | Nasdaq |
| Industry | Finance Services |
| Headquarters | Charlotte, North Carolina |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001591890 |
Frequently Asked Questions
What was Fundamental Global's revenue in fiscal 2025?
Fundamental Global (FGF) reported revenue of $2.4M for fiscal 2025.
What is Fundamental Global's annual revenue history?
Fundamental Global's annual revenue by fiscal year: 2020: -$17.2M; 2021: $4.9M; 2022: $0; 2023: $26.8M; 2024: $32.0M; 2025: $2.4M.
What was Fundamental Global's net income in fiscal 2025?
Fundamental Global reported net income of -$66.7M for fiscal 2025.
What was Fundamental Global's earnings per share (EPS) in fiscal 2025?
Fundamental Global's diluted EPS was -$25.69 for fiscal 2025 (adjusted for any later stock splits).
What was Fundamental Global's revenue last quarter?
In its most recent reported quarter (2026 Q2), Fundamental Global reported revenue of $242,000.
How many shares of Fundamental Global are outstanding?
Fundamental Global reported a weighted average of 6.1 million basic shares outstanding in 2026 Q2.
What is Fundamental Global's market cap?
Based on its latest closing price, Fundamental Global (FGF) has a market capitalization of about $35.9M.
When does Fundamental Global's fiscal year end?
Fundamental Global's fiscal year end, as registered with the SEC, is December 31.
Where is Fundamental Global headquartered?
Fundamental Global lists its business address in Charlotte, North Carolina in its SEC filings.