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MARKETS / NASDAQ / FGNX
NASDAQ · FINANCE SERVICES · SMALL CAP

FG Nexus Inc. FGNX

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$2.4M
▲ 209.8% YoY
$-66.7M
In brief

What this company does

We currently conduct business through our business segments including digital assets and merchant banking. We currently have two primary operating segments, digital assets and merchant banking. Following the private placement in July 2025, the Company transitioned its operations to focus primarily on operating as a digital asset treasury focused on ETH and tokenization opportunities, particularly the tokenization of real-world assets. Merchant banking services include various strategic, administrative, and regulatory support services to newly formed SPACs (our SPAC platform). Additionally, the Company co-founded a partnership, FG Merchant Partners, LP (“FGMP”), formerly known as FG SPAC Partners, LP, to participate as a co-sponsor for newly formed SPACs and other merchant banking clients.

Written from the business description in FG Nexus Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 March 2026. Every sentence was checked against that document before publication.

Growth
USD 2.4M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 2.4 · Net income -66.7
20.0M-25.0M-50.0M2013201520172019202120232025
Compound annual growth
−50.7%
−21.5%
+31.2%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−2766 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2652.3% · Net -2765.9%
-1000%-2000%2013201520172019202120232025
ROE
FY2022 · ROE 3.1%
5%10%-20%-40%2013201520172019202120232025

Cash & shareholders
USD 26.1M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -4.3
-8M-16M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 26.1
10M20M201520162025

USD 26.1M in buybacks went back to shareholders.

Total assetsUSD 163.8M
CashUSD 13.4M
Gross debtUSD 1.9M
Net debtUSD -11.5M

Not available: we don't have the shareholders' equity figure for this period.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B0.00.00.00.00.0−0.00.00.00.00.00.00.00.0
Operating income $B−0.1−0.0−0.00.0−0.0−0.0·······
EBITDA $B−0.1−0.0−0.0··········
Income tax $B−0.0−0.0−0.0··−0.00.00.00.00.0−0.00.0−0.0
Net income $B−0.1−0.0−0.00.0−0.0−0.00.00.00.00.0−0.00.0−0.0
Free cash flow $B·−0.0−0.0−0.0−0.0−0.0−0.0······
EPS, diluted $−25.69−12.16−35.22·−1.96−4.15−0.18−0.050.05·−0.270.71−0.75
Dividend / sh $·············
Payout %·············
ROE %···3.1−25.0−46.30.51.50.60.0−3.412.6−9.5
Shares out B0.010.000.000.010.010.000.010.010.010.010.010.010.00

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 38 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 19 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2013

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