FG Nexus Inc. (FGNX)
FG Nexus Inc. specializes in providing reinsurance, asset management, and merchant banking services. The company was established in October 2012 and operates from its headquarters in Charlotte, NC.
Sector: Finance Services
Industry: Asset Management - Cryptocurrency
FG Nexus Inc.
Mkt Cap$26.83M
Float4.32M
O/S4.59M
Inst Own-
SI7.0%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue-$2.35M
Net Income-$68.51M
Total Assets$163.84M
Free Cash Flow-$6.25M
Debt & Equity
Debt 1%
Equity 86%
Preferred 13%
Total Debt$1.92M
Total Equity$143.49M
Preferred Stock$22.22M
Shares Outstanding
Short Interest
Split History2 splits · 2 reverse
2-year cumulative
1:125
Nasdaq bars a compliance period at 1:250
- 1:5Reverse splitFeb 13, 20265 shares → 1
- 1:25Reverse splitOct 31, 202425 shares → 1
Balance Sheet Details
Assets$163.84M
Liabilities$20.35M
Accounts Receivable$0
Accounts Payable$5.34M
Inventory$0
PP&E (Net)$2.21M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | -$2.35M | $17.35M | $17.09M | $12.48M | $4.15M | -$17.42M | $5.5M | $1.21M | $38.15M | $32.26M | $27.13M | $18.96M | $5.09M | $359K |
| YoY Growth | -113.5% | 1.5% | 37.0% | 200.9% | -123.8% | -417.0% | 355.0% | -96.8% | 18.3% | 18.9% | 43.1% | 272.5% | 1318.1% | - |
| Cost of Revenue | $291K | $25.49M | $21.48M | $10.65M | $5.75M | $0 | $0 | $42.73M | $26.98M | $24.86M | $16.78M | $8.14M | $4.32M | $67K |
| Gross Profit | -$2.64M | -$8.14M | -$4.38M | $1.82M | -$1.6M | -$17.42M | $5.5M | -$41.52M | $11.17M | $7.39M | $10.35M | $10.82M | $767K | $292K |
| Gross Margin | 112.4% | -47.0% | -25.6% | 14.6% | -38.5% | 100.0% | 100.0% | -3436.9% | 29.3% | 22.9% | 38.1% | 57.1% | 15.1% | 81.3% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $14.51M | $15.26M | $11.91M | $8.35M | $9.18M | $5.97M | $2.48M | $1.15M | $9.3M | $6.92M | $6.6M | $5.09M | $1.98M | $474K |
| Other | $48.34M | $1.48M | -$5K | -$7.62M | -$3.45M | -$265K | -$101K | -$41.08M | $372K | $355K | $6.08M | $0 | -$68K | $0 |
| Total Operating Expenses | $62.85M | $16.73M | $11.9M | $736K | $5.74M | $5.7M | $2.38M | -$39.94M | $9.68M | $7.27M | $12.69M | $5.09M | $1.91M | $474K |
| Operating Income (EBIT) | -$65.48M | -$24.88M | -$16.29M | $1.09M | -$7.33M | -$23.12M | $3.12M | -$1.58M | $1.49M | $119K | -$2.34M | $5.73M | -$1.14M | -$182K |
| Operating Margin | 2791.3% | -143.4% | -95.3% | 8.7% | -176.8% | 132.7% | 56.8% | -131.0% | 3.9% | 0.4% | -8.6% | 30.2% | -22.5% | -50.7% |
| Interest Expense | $132K | $360K | $520K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $609K | $1.71M | $1.14M | $965K | $600K | $399K | $150K | $47K | $13K |
| Other Income (Expense) | -$2.22M | $1.88M | $2.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | -$67.71M | -$23M | -$13.3M | $1.09M | -$7.33M | -$23.12M | $3.12M | -$1.58M | $1.49M | $119K | -$2.34M | $5.73M | -$1.14M | -$182K |
| Income Tax Expense | $807K | -$139K | -$998K | $0 | $0 | -$665K | $738K | -$308K | $1.2M | $108K | -$663K | $2.08M | -$396K | -$62K |
| Net Income | -$68.51M | -$1.16M | -$14.08M | $1.09M | -$8.51M | -$22.46M | $311K | $804K | $294K | $11K | -$1.67M | $3.65M | -$748K | -$120K |
| Net Income Margin | 2920.5% | -6.7% | -82.4% | 8.7% | -205.3% | 128.9% | 5.7% | 66.6% | 0.8% | 0.0% | -6.2% | 19.2% | -14.7% | -33.4% |
| Supplementary Data | ||||||||||||||
| EPS | -25.69 | -12.14 | -175.96 | -10.91 | -244.74 | -518.97 | -22.62 | -6.34 | 6.25 | 0.23 | -33.26 | 61.85 | -28.63 | -4.59 |
| Diluted EPS | -25.69 | -12.14 | -175.96 | -10.91 | -244.74 | -518.97 | -22.62 | -6.15 | 6.25 | 0.23 | -33.26 | 61.85 | -28.63 | -4.59 |
| Weighted Average OS | 2.67M | 211,200 | 80,000 | 64,241 | 41,702 | 45,970 | 48,148 | 47,918 | 47,720 | 48,384 | 50,296 | 50,865 | 26,128 | 26,128 |
| EBITDA | -$67.27M | -$21.81M | -$11.94M | $2.68M | -$5.2M | -$7.11M | $2.06M | -$1.46M | $1.56M | $186K | -$2.28M | $5.75M | -$1.13M | -$182K |
| EBITDA Margin | 2867.5% | -125.7% | -69.9% | 21.5% | -125.4% | 40.8% | 37.4% | -120.7% | 4.1% | 0.6% | -8.4% | 30.3% | -22.3% | -50.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $13.39M | $7.79M | $6M | $3.79M | $8.73M | $4.43M | $4.95M | $30.9M | $23.57M | $43.05M | $47.96M | $53.64M | $15.01M | $5.53M |
| Short-Term Investments | $0 | $5.76M | $10.55M | $0 | $0 | $0 | $0 | $474K | $417K | $196K | $1.15M | $2.2M | $100K | $100K |
| Cash and Short-Term Investments | $13.39M | $13.56M | $16.55M | $3.79M | $8.73M | $4.43M | $4.95M | $31.38M | $23.99M | $43.24M | $49.11M | $55.84M | $15.11M | $5.63M |
| Accounts Receivable | $0 | $3.38M | $3.53M | $6.17M | $4.63M | $5.56M | $9.16M | $7.72M | $10.83M | $2.92M | $2.4M | $2.09M | $3.81M | $0 |
| Inventory | $0 | $1.43M | $1.48M | $3.39M | $3.27M | $2.26M | $2.33M | $3.49M | $4.82M | $6.56M | $7.19M | $14.11M | $15.19M | $0 |
| Other Current Assets | $0 | $31.63M | $9.89M | $4.87M | $5.14M | $5.55M | $6.59M | $21.85M | $0 | $0 | $0 | $0 | $8.08M | $0 |
| Total Current Assets | $13.39M | $50M | $31.44M | $18.22M | $21.77M | $17.81M | $23.02M | $46.84M | $34.82M | $46.16M | $51.5M | $57.92M | $18.91M | $7.72M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $2.21M | $4.09M | $12.74M | $13.63M | $10.2M | $9.83M | $11.29M | $315K | $205K | $250K | $234K | $237K | $14.72M | $0 |
| Goodwill | $0 | $0 | $0 | $882K | $942K | $938K | $919K | $875K | $952K | $889K | $863K | $1.03M | $1.12M | $0 |
| Intangible Assets | $0 | $0 | $0 | $1.51M | $69K | $353K | $591K | $1.79M | $3.97M | $2.36M | $235K | $1.17M | $895K | $346K |
| Long-Term Investments | $134.05M | $54.31M | $17.47M | $37.52M | $41.13M | $20.17M | $13.31M | $80.05M | $54.25M | $28.4M | $21.39M | $12.71M | $401K | $1.98M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.28M | $70K | $420K | $506K | $263K | -$16.34M | $0 |
| Other Long-Term Assets | -$134.05M | $1.07M | $486K | $2K | $1.69M | $6.4M | $8.5M | -$80.36M | -$59.17M | -$31.64M | -$21.39M | -$15.15M | -$401K | -$346K |
| Total Long-Term Assets | $2.21M | $59.47M | $30.7M | $53.54M | $54.03M | $37.69M | $34.61M | $80.36M | $275K | $670K | $746K | $263K | $401K | $1.98M |
| Other Assets | $148.24M | $0 | $0 | $0 | $0 | $0 | $0 | $20.72M | $79.34M | $44.02M | $29.84M | $16.05M | $3.87M | $507K |
| Total Assets | $163.84M | $109.47M | $62.14M | $71.75M | $75.81M | $55.5M | $57.63M | $147.92M | $114.44M | $90.85M | $82.08M | $74.23M | $23.18M | $10.2M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $5.34M | $5.7M | $4.83M | $4.38M | $4.25M | $2.72M | $2.51M | $66K | $5.53M | $3.42M | $3.76M | $2.56M | $50K | $75K |
| Short-Term Debt | $1.92M | $2.07M | $2.29M | $2.73M | $3.02M | $3.3M | $3.08M | $4.25M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.06M | $64K | $1.19M | $965K | $262K | $0 | $97K |
| Current Unearned Revenue | $0 | $857K | $867K | $0 | $0 | $0 | $0 | -$4.25M | -$565K | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$5.34M | $24.85M | $9.87M | $3.81M | $3.43M | $6.38M | $7.45M | -$9.26M | -$3.41M | -$4.08M | -$4.15M | -$4.28M | -$514K | -$221K |
| Total Current Liabilities | $1.92M | $33.48M | $17.87M | $14.29M | $14.13M | $16.14M | $17.3M | $9.49M | $64K | $1.2M | $965K | $262K | $50K | $75K |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $0 | $301K | $5.46M | $5M | $105K | $0 | $0 | $0 | $1.87M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $857K | $867K | $0 | $0 | $0 | $0 | $1.7M | $454K | $204K | $168K | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $365K | $2.41M | $3.08M | $0 | $0 | $0 | $0 | $1.95M | $2M | $1.94M | $1.8M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $18.07M | -$3.15M | -$3.84M | $4.96M | $5.71M | $7.39M | $7.98M | $83.94M | $65.7M | $43.3M | $33.61M | $24.06M | $0 | $0 |
| Total Long-Term Liabilities | $18.43M | $1.79M | $7.27M | $10.77M | $9.4M | $12.3M | $14.62M | $118K | $67.57M | $43.3M | $33.61M | $24.06M | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $75.56M | $0 | $0 | $0 | $0 | $15.3M | $2.77M |
| Total Liabilities | $20.35M | $35.27M | $25.14M | $25.05M | $23.53M | $28.43M | $31.92M | $85.18M | $67.64M | $44.49M | $34.58M | $24.32M | $15.3M | $2.77M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $22.22M | $22.36M | $0 | $0 | $0 | $0 | $0 | $17.5M | $0 | $0 | $0 | $0 | $602K | $0 |
| Common Stock | $70K | $29K | $225K | $223K | $213K | $176K | $174K | $6K | $6K | $6K | $6K | $6K | $167K | $0 |
| Retained Earnings | -$68.74M | -$229K | $2.34M | $16.44M | $23.59M | $5.65M | $6M | $639K | $910K | $616K | $605K | $2.28M | -$868K | -$120K |
| Comprehensive Income & Other | -$608K | $1.11M | -$4.68M | -$5.26M | -$3.75M | -$3.89M | -$4.47M | -$729K | -$169K | -$65K | -$62K | -$1K | -$769K | $0 |
| Other Stockholders' Equity | $212.16M | $74.4M | $32.59M | $30.04M | $28.47M | $21.24M | $19.53M | $62.1M | $45.89M | $45.73M | $46.9M | $47.63M | $8.58M | $7.55M |
| Total Equity | $143.49M | $74.2M | $35.15M | $46.7M | $52.28M | $27.07M | $25.71M | $62.75M | $46.8M | $46.36M | $47.51M | $49.91M | $7.88M | $7.43M |
| Minority Interest | $0 | $0 | $1.86M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $163.84M | $109.47M | $60.28M | $71.75M | $75.81M | $55.5M | $57.63M | $147.92M | $114.44M | $90.85M | $82.08M | $74.23M | $23.18M | $10.2M |
| Supplementary Data | ||||||||||||||
| Total Debt | $1.92M | $3.74M | $9.46M | $8.77M | $7.29M | $9.84M | $11.33M | $118K | $2.84M | $2.71M | $2.59M | $0 | $0 | $0 |
| Net Debt | -$11.47M | -$4.05M | $3.46M | $4.98M | -$1.44M | $5.41M | $6.38M | -$30.78M | -$20.73M | -$40.34M | -$45.36M | -$53.64M | -$15.01M | -$5.53M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$67.63M | -$22.86M | -$12.31M | $1.09M | $17.94M | -$22.46M | -$10.1M | $804K | $294K | $11K | -$1.67M | $3.65M | -$748K | -$120K |
| Depreciation & Amortization | $304K | $829K | $841K | $1.59M | $2.13M | $16.01M | $2.06M | $124K | $73K | $67K | $53K | $26K | $10K | $0 |
| Deferred Income Tax | -$2.06M | -$469K | -$933K | -$1.59M | $0 | -$106K | $0 | -$1.07M | $404K | $87K | -$243K | $309K | $0 | $0 |
| Stock-Based Compensation | $7.76M | $1.62M | $1.6M | $255K | $892K | $311K | $1.12M | $337K | $31K | $38K | $47K | $126K | $461K | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $0 | $178K | $1.83M | -$5.42M | $1.13M | $1.47M | -$58K | $7.84M | -$7.91M | -$528K | -$309K | $1.72M | -$1.71M | -$2.09M |
| Inventory | $0 | -$19K | $393K | -$309K | -$1.09M | $26K | $726K | $10.52M | $13.27M | $878K | $3.65M | $3.68M | $689K | $0 |
| Accounts Payable | $5.77M | $0 | -$196K | -$129K | $0 | $79K | $0 | $3.96M | $303K | $1.95M | $724K | $2.51M | -$25K | $75K |
| Other Working Capital | $168K | $1.73M | $796K | $336K | -$2.89M | -$4.71M | -$1.73M | $1.41M | $688K | $518K | -$685K | $893K | $7.87M | $2.03M |
| Total Working Capital Change | $5.94M | $1.88M | $2.82M | -$5.52M | -$2.86M | -$3.14M | -$1.06M | $23.74M | $6.35M | $2.81M | $3.38M | $8.8M | $6.13M | $12K |
| Other Non-Cash Items | $49.44M | $14.95M | $9.55M | -$6.85M | -$16.06M | -$1.9M | $10.19M | $860K | $372K | $355K | $3.85M | $126K | $857K | $58K |
| Net Cash from Operating | -$6.25M | -$4.05M | $1.58M | -$11.02M | $2.04M | -$11.28M | $2.2M | $24.79M | $7.53M | $3.37M | $5.42M | $12.9M | $6.71M | -$50K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | -$46K | -$164K | -$81K | -$1.53M | -$13K | -$1.77M | -$52K | -$28K | -$83K | -$48K | -$223K | -$529K | $0 |
| Acquisitions | -$137.98M | $1.9M | $58K | $698K | $0 | $0 | $0 | $1.55M | $2.59M | $1.08M | -$305K | $0 | -$18.81M | $0 |
| Purchases of Investments | -$887K | $0 | -$950K | -$8.84M | $0 | -$1.14M | $0 | -$36.38M | -$33.31M | -$7.72M | -$10.06M | -$12.31M | -$301K | -$100K |
| Sales of Investments | $10.71M | $5.02M | $198K | $5.47M | $0 | $138K | $0 | $7.19M | $6.36M | $953K | $1.05M | $0 | $1.88M | $0 |
| Other Investing Activities | $5.59M | $6.36M | $950K | -$698K | $380K | -$138K | -$576K | -$1.55M | -$2.59M | -$1.08M | -$5.75M | $118K | $5K | -$400K |
| Net Cash from Investing | -$122.56M | $13.24M | $92K | -$3.45M | -$1.15M | -$1.16M | -$2.35M | -$29.25M | -$26.98M | -$6.85M | -$9.37M | -$12.53M | $1.57M | -$100K |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $5.35M | $383K | $200K | $2.11M | $896K | $339K | $65K | - | $268K | $200K | - | - | - |
| Common Stock Issuance | $168.62M | $0 | $2.41M | $3.73M | $0 | $0 | $0 | $16.49M | $224K | $0 | $0 | $36.26M | $0 | $5.67M |
| Common Stock Repurchases | -$26.26M | $0 | $0 | $0 | -$80K | -$2.54M | $0 | -$3.3M | $0 | -$1.2M | -$1.73M | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$4.58M | -$21K | -$135K | $200K | $5.44M | -$1.63M | -$1.53M | -$65K | $0 | $268K | $200K | $0 | $1.2M | $0 |
| Net Cash from Financing | $135.61M | -$7.38M | $1.24M | $1.94M | $3.25M | -$3.94M | -$1.86M | $11.78M | -$16K | -$1.44M | -$1.73M | $38.26M | $1.2M | $5.67M |
| Forex Effect | $24K | -$11K | $21K | -$20K | -$48K | $0 | $266K | -$286K | $478K | -$6K | -$1.99M | -$681K | -$567K | $150K |
| Net Change in Cash | $6.83M | $1.8M | $2.93M | -$12.53M | $4.09M | -$16.38M | -$1.75M | $7.33M | -$19.47M | -$4.91M | -$5.68M | $38.63M | $9.48M | $5.67M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$6.25M | -$4.05M | $1.58M | -$11.02M | $2.04M | -$11.28M | $2.2M | $24.79M | $7.53M | $3.37M | $5.42M | $12.9M | $6.71M | -$50K |
| Capital Expenditure | $0 | -$46K | -$164K | -$81K | -$1.53M | -$13K | -$1.77M | -$52K | -$28K | -$83K | -$48K | -$223K | -$529K | $0 |
| Free Cash Flow | -$6.25M | -$4.09M | $1.42M | -$11.1M | $512K | -$11.3M | $429K | $24.74M | $7.5M | $3.29M | $5.37M | $12.68M | $6.18M | -$50K |
| Cash at Beginning | $6.56M | $6M | $3.06M | $15.54M | $4.79M | $28.51M | $7.05M | $23.57M | $43.05M | $47.96M | $53.64M | $15.01M | $5.53M | -$150K |
| Cash at End | $13.39M | $7.79M | $6M | $3.01M | $8.88M | $12.13M | $5.3M | $30.9M | $23.57M | $43.05M | $47.96M | $53.64M | $15.01M | $5.53M |