Falcon's Beyond Global, Inc. key statistics and ratios

In fiscal 2025, Falcon's Beyond Global, Inc. had return on equity of 191.8%, an operating margin of -90.0%, debt equal to 142.6% of equity and a current ratio of 0.36. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Falcon's Beyond Global, Inc.: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Operating margin	−108.7%	−313.3%	−235.2%	−90.0%	2.3%
Net margin	−109.3%	−260.9%	327.0%	19.1%	−8.6%
Free-cash-flow margin	−122.9%	−130.1%	−186.3%	−166.2%	−83.5%
Return on equity	−25.5%	—	—	191.8%	−13.8%
Return on assets	−15.5%	−54.2%	35.4%	4.4%	−2.9%
Asset turnover	0.14	0.21	0.11	0.23	0.33
Current ratio	1.01	0.01	0.09	0.36	0.66
Debt to equity	48.5%	—	—	142.6%	109.4%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	0.3x
Effective tax rate	—	—	0.0%	−0.0%	—
R&D as % of revenue	17.4%	6.8%	2.7%	—	—
SG&A as % of revenue	115.6%	153.8%	332.2%	171.2%	129.2%
Capital spending as % of revenue	2.0%	1.7%	0.2%	1.0%	0.3%
Free cash flow ÷ net income	—	—	−57.0%	−872.0%	—

US$ thousands unless shown otherwise. Fiscal quarters.

Falcon's Beyond Global, Inc.: financial ratios, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Operating margin	−118.9%	−335.6%	−371.1%	−53.0%	−90.9%	−30.9%	120.7%	−4.7%
Net margin	283.7%	−162.6%	−211.7%	440.4%	−107.9%	−6.0%	57.1%	−2.8%
Free-cash-flow margin	−114.9%	−278.7%	49.9%	−310.1%	−329.6%	−66.0%	−51.4%	42.8%
Current ratio	0.05	0.09	0.05	0.51	0.31	0.36	0.45	0.66
Debt to equity	—	—	—	>999%	175.5%	131.0%	112.2%	109.4%
R&D as % of revenue	1.9%	8.4%	6.9%	3.3%	—	—	0.0%	0.0%
SG&A as % of revenue	217.0%	427.1%	368.7%	260.7%	152.3%	96.9%	143.9%	136.2%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

1 of 6 checks passed · June 30, 2026

What it owns · $64m

Short-term assets $16mLonger-term assets $48m

What it owes, and who funded it · $49m

Short-term liabilities $25mLonger-term liabilities $9mShareholders' equity $15m

Short-term assets cover short-term liabilities $16m of assets due within a year against $25m of liabilities due within a year.
Short-term assets cover long-term liabilities $16m short-term assets against $9m of longer-dated liabilities.
More cash than debt $3m of cash against $16m of debt.
Debt below 40% of shareholders' equity Debt is 109% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$18m of operating cash flow against $16m of debt.
Operating profit covers interest at least five times over Operating income of $507,000 against $2m of interest.

From Falcon's Beyond Global, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Falcon's Beyond Global, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Falcon's Beyond Global, Inc.