Latest revenue
$5.4M
as of 2026-03-31
Latest net income
$3.1M
as of 2026-03-31
Net margin
57.1%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $166
- Enterprise value
- $166
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $29.02
- 52-wk low
- $3.71
- Beta
- —
- Shares out
- 10
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Falcon's Beyond Global designs and builds immersive theme parks, attractions, and branded entertainment venues, providing creative master planning, ride engineering, and IP development for destination operators worldwide. The company earns money through creative and advisory fees (FCG), sales of attraction hardware and entertainment systems (FBB, expanded via the 2025 Oceaneering Entertainment Systems acquisition), and equity-method stakes in operating destinations like its PDP hotels joint venture. Falcon's is pivoting toward an asset-lighter model anchored by major Saudi Arabia contracts with PIF-backed Qiddiya and New Murabba, while shedding hotel assets, terminating its Hershey license, and raising $32.5 million through Series B preferred stock to shore up its balance sheet.
Generated from FBYD's filing dated 2026-03-30
Key risks
- Equity-method dependency: FCG and PDP, a 'substantial portion' of operations, are not consolidated, obscuring underlying financial performance for investors.
- Dilution overhang: 24M additional earnout shares trigger at $20.83/$25.00 VWAPs; 15M already released Dec 2025, plus $32.5M Series B 11% convertible preferred issued.
- Portfolio attrition: Hershey license terminated, Karnival JV wound up in Oct 2025, and Sol Tenerife hotel sold—shrinking FBD pipeline amid Saudi/PIF concentration.
Generated from FBYD's filing dated 2026-03-30
Profitability
Operating margin
-90.0%
61.7%Leverage
Debt / equity
4.59×
158.7%Long-term debt / equity
1.05×
130.2%Debt / assets
82.1%
28.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $5.4M | +214.8% | $3.1M | +185.0% | 57.1% |
Q4 2025 2025-12-31 | $6.6M | +383.5% | — | — | — |
Q3 2025 2025-09-30 | $4.1M | +95.9% | — | — | — |
Q2 2025 2025-06-30 | $2.5M | +41.8% | — | — | — |
Q1 2025 2025-03-31 | $1.7M | +12.7% | $-3.6M | — | -211.7% |
Q4 2024 2024-12-31 | $1.4M | — | — | — | — |
Q3 2024 2024-09-30 | $2.1M | +30.9% | — | — | — |
Q2 2024 2024-06-30 | $1.8M | -66.2% | — | — | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Services-Miscellaneous Amusement & Recreation · SIC 7990
Your notes
Keep private notes on FBYD — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$20.5M
Insider selling
$7.0M
Net activity
+$13.5M
Distinct insiders
2
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns FBYD
Institutional value
$22.4M
Total shares held
1.6M
Distinct holders
33
-9 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 993.9K | $14.0M | +90.9K (+10.1%) | Added |
| 2 | VANGUARD CAPITAL MANAGEMENT LLC | 179.3K | $2.5M | — | New |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 102.8K | $1.4M | — | New |
| 4 | VANGUARD FIDUCIARY TRUST CO | 96.7K | $1.4M | — | New |
| 5 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 51.0K | $575.6K | +293 (+0.6%) | Added |
| 6 | Bank of New York Mellon Corp | 29.1K | $409.9K | +225 (+0.8%) | Added |
| 7 | UBS Group AG | 27.1K | $382.7K | -3.4K (-11.1%) | Trimmed |
| 8 | HighTower Advisors, LLC | 21.0K | $296.5K | +2.0K (+10.7%) | Added |
| 9 | Nuveen, LLC | 17.6K | $248.4K | +0 (+0.0%) | No change |
| 10 | Invesco Ltd. | 11.1K | $156.6K | -159.1K (-93.5%) | Trimmed |
| 11 | RHUMBLINE ADVISERS | 10.6K | $149.6K | -299 (-2.7%) | Trimmed |
| 12 | Cassaday & Co Wealth Management LLC | 10.3K | $145.4K | +0 (+0.0%) | No change |
| 13 | DEUTSCHE BANK AG\ | 10.1K | $143.0K | +0 (+0.0%) | No change |
| 14 | Vanguard Global Advisers, LLC | 6.5K | $91.4K | — | New |
| 15 | WELLS FARGO & COMPANY/MN | 6.4K | $90.0K | -9.6K (-60.2%) | Trimmed |
| 16 | JPMORGAN CHASE & CO | 7.4K | $88.6K | +1.5K (+26.3%) | Added |
| 17 | BNP PARIBAS FINANCIAL MARKETS | 3.7K | $52.2K | +700 (+23.3%) | Added |
| 18 | Police & Firemen's Retirement System of New Jersey | 3.1K | $44.2K | +0 (+0.0%) | No change |
| 19 | NEW YORK STATE COMMON RETIREMENT FUND | 1.7K | $24.0K | — | New |
| 20 | Legal & General Group Plc | 1.3K | $18.3K | -175 (-11.9%) | Trimmed |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With FCG and PDP accounted for as equity-method investments, what consolidated revenue and cash burn did Falcon's standalone operations actually generate in 2025?
- 2
After the $27M PDP distribution from Sol Tenerife and OES acquisition costs, what's your current cash runway and do you need to raise capital?
- 3
With 15M earnout shares released at $16.67 and 25M more triggering at $20.83-$25, how do you defend shareholders from this dilution overhang?
Refreshed when FBYD files a new report · last from 2026-03-30