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
- $25
- Enterprise value
- $25
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $3.97
- 52-wk low
- $0.50
- 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 park attractions, rides, and entertainment destinations for clients like Saudi Arabia's Qiddiya and operates its own branded venues. The company earns revenue through creative and design consulting fees, ride-system engineering and manufacturing, and operating stakes in destinations like Spanish hotel-and-park venture PDP. Falcon's is pivoting toward an asset-light model, acquiring Oceaneering's ride-systems business in May 2025 while divesting hotels and winding down stalled joint ventures to focus on Saudi mega-projects.
Generated from FBYDW's filing dated 2026-03-30
Key risks
- Heavy dilution overhang: 15M earnout shares already released; 25M more trigger at $20.83/$25.00 VWAPs, plus 6.3M convertible Series B preferred.
- Core operations off balance sheet: FCG and PDP accounted for as equity-method investments, limiting transparency into a 'substantial portion' of operations.
- Liquidity strain: raised only $12M cash via 11% Series B preferred, exchanging $20.5M debt; PDP hotel sale netted just $27M distribution.
Generated from FBYDW'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
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Insider activity
No insider transactions on file for FBYDW in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns FBYDW
Institutional value
$296.7K
Total shares held
166.2K
Distinct holders
5
-15 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 | Y.D. More Investments Ltd | 75.0K | $141.8K | +0 (+0.0%) | No change |
| 2 | DUPONT CAPITAL MANAGEMENT CORP | 25.0K | $51.0K | +0 (+0.0%) | No change |
| 3 | WOLVERINE ASSET MANAGEMENT LLC | 24.2K | $45.8K | -27.9K (-53.5%) | Trimmed |
| 4 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 32.0K | $37.7K | +0 (+0.0%) | No change |
| 5 | Calamos Advisors LLC | 10.0K | $20.4K | +0 (+0.0%) | No change |
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 still accounted for as equity-method investments, when will consolidated revenue reflect Saudi engagements, and what's run-rate FCG EBITDA today?
- 2
The first $16.67 earnout triggered 15M shares—what's the pro forma dilution and float impact, and are $20.83 and $25.00 tiers within reach?
- 3
Post the $27M PDP distribution from Sol Tenerife, what's current liquidity, and does it fund OES integration plus the 106,000 sq ft lease obligations?
Refreshed when FBYDW files a new report · last from 2026-03-30