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Falcon's Beyond Global (FBYD) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 13, 2026 · Falcon's Beyond Global (FBYD) Q2 2026 earnings results →

Q2 2026 Revenue up 120% year over year to $5.6M · 6¢ of every $1 of revenue lost · operating margin -4.7%

Falcon's Beyond Global made $5.6M in Q2 2026 (+120% Y/Y): Service $4.0M, Product $1.6M. Operating margin -4.7%, net loss $318K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 13, 2026.

Revenue$5.6M
Year over year+120%
Operating margin-4.7%
Net earnings−$318K
Operating cash flow$2.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $5.6M in Q2 2026, up 120% year over year and up 5% from the previous quarter. Service was the largest line at 71% of revenue. Service added $1.6M year over year (up 67%), 52% of the total change.

Operating costs exceeded revenue by $262K, an operating margin of -4.7%. Total costs grew 51% against revenue growth of 120%. The quarter ended with a net loss of $318K, after a profit of $6.1M the previous quarter. Minority interests bore $158K of it: to shareholders the quarter was a loss of $160K.

Operating cash flow was $2.4M. Non-cash charges added back $130K of depreciation and amortization and $538K of share-based compensation. Working capital and other items added $2.1M. Capital expenditures of $2K left free cash flow of $2.4M.

Quarterly history

Falcon's Beyond Global revenue by quarterFalcon's Beyond Global revenue by quarter$1.4MQ4 2024$1.7MQ1 2025$2.5MQ2 2025$4.1MQ3 2025$6.6MQ4 2025$5.4MQ1 2026$5.6MQ2 2026
Falcon's Beyond Global net earnings by quarterFalcon's Beyond Global net earnings by quarter−$11.9MQ4 2024−$8.1MQ1 2025$25.1MQ2 2025−$10.4MQ3 2025−$296KQ4 2025$3.1MQ1 2026−$318KQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 13, 2026$5.6M+120%-4.7%−$318K$2.4M
Q1 202610-QMay 14, 2026$5.4M+215%120.7%$3.1M−$2.8M
Q4 202510-KMar 30, 2026$6.6M+384%-30.9%−$296K−$4.3M
Q3 202510-QNov 14, 2025$4.1M+96%-90.9%−$10.4M−$13.3M
Q2 202510-QAug 14, 2025$2.5M+42%-53.0%$25.1M−$7.9M
Q1 202510-QMay 15, 2025$1.7M+13%-371.1%−$8.1M$945K
Q4 202410-KApr 3, 2025$1.4M-37%-335.6%−$11.9M−$3.8M

Charts

Falcon's Beyond Global: revenue growth, year over year and quarter over quarterFalcon's Beyond Global: revenue growth, year over year and quarter over quarterY/YQ/Q-37%Q4 2024+13%+25%Q1 2025+42%+49%Q2 2025+96%+59%Q3 2025+384%+62%Q4 2025+215%-18%Q1 2026+120%+5%Q2 2026
Latest (Q2 2026): Y/Y +120%, Q/Q +5%.
Falcon's Beyond Global: where the cash came from (+) and went (−), TTM to Q2 2026Falcon's Beyond Global: where the cash came from (+) and went (−), TTM to Q2 2026Cash drawn (+) / kept (−)$23.0MOperating cash flow−$18.0MOther financing−$6.9MNet borrowing (+) / repaid (−)$4.4MExchange rates−$2.3MOther investing−$82KCapital spending−$75K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Falcon's Beyond Global: profit against cash, quarter by quarterFalcon's Beyond Global: profit against cash, quarter by quarterNet incomeOperating cash flow$39.3M−$2.4MQ3 2024−$11.9M−$3.8MQ4 2024−$8.1M$945KQ1 2025$25.1M−$7.9MQ2 2025−$10.4M−$13.3MQ3 2025−$296K−$4.3MQ4 2025$6.1M−$2.8MQ1 2026−$318K$2.4MQ2 2026
Latest (Q2 2026): Net income −$318K, Operating cash flow $2.4M.
Falcon's Beyond Global: diluted shares by fiscal year (split-adjusted)Falcon's Beyond Global: diluted shares by fiscal year (split-adjusted)26MFY202338MFY202439MFY2025
+53.7% since FY2023: more shares outstanding (issuance, stock pay); earlier years scaled for the 3-for-1 split before FY2025.
Falcon's Beyond Global: long-term debt falling due (FY2025)Falcon's Beyond Global: long-term debt falling due (FY2025)$3.2M2026$7.4M2027$5.0MLater
Cash $1.9M, short-term investments —, long-term debt $15.6M at 2025-12-31.
Falcon's Beyond Global in its industry: growth against margin (18 companies, SIC 7990)Falcon's Beyond Global in its industry: growth against margin (18 companies, SIC 7990)revenue growth, year over year →↑ operating marginmedian +7%median 4%DISDKNGSTUBPRKSRSIMTNPRSUMSGESEATXPOFMSGKSEGBUKSMSGRTBTCPRKALIMXFBYD (+120%, -5%)
Services-Miscellaneous Amusement & Recreation; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About Falcon's Beyond Global

Falcon’s Beyond is a visionary entertainment and technology enterprise at the forefront of the global experience economy. We design, develop, engineer, deliver, and commercialize immersive physical and digital experiences for leading brands, developers, and destination operators worldwide, as well as for our own portfolio of entertainment and technology concepts. Our business is built on an integrated experience platform that brings together creative development, proprietary technologies, advanced engineering, intellectual property, and operational execution to enable the repeatable creation, deployment, and scaling of entertainment experiences across multiple formats and locations globally. We operate through three complementary business divisions:

In its own words, from its 8-K, filed Aug 13, 2026.

Falcon's Beyond Global against its Services-Miscellaneous Amusement & Recreation peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +120% against the peers' median +16%. Operating margin: -4.7% against the peers' median 4.5%.

CompanyQuarterRevenueY/YOp. margin
FBYD Falcon's Beyond GlobalQ2 2026$5.6M+120%-4.7%
DIS Walt DisneyQ3 FY26$25.2B+7%22.0%
DKNG DraftKingsQ3 2026$1.3B+16%-37.1%
STUB StubHub HoldingsQ2 2026$573M+33%3.4%
PRKS United Parks & ResortsQ3 2026$506M-1%27.8%
RSI Rush Street InteractiveQ3 2026$386M+39%11.1%
MTN Vail ResortsQ4 FY26$278M+2%-75.1%
PRSU Pursuit Attractions & HospitalityQ3 2026$252M+4%45.0%
MSGE Madison Square Garden EntertainmentQ1 FY27$217M+37%4.5%

Source: Falcon's Beyond Global 10-Q on SEC EDGAR · CIK 1937987 · Services-Miscellaneous Amusement & Recreation

13F: who owns FBYD and who is buying

Largest holders of FBYD (13F)Largest holders of FBYD (13F)BlackRock$27.1MGeode Capital Management, LLC$10.3MState Street$7.2MVanguard Group$5.4MNorthern Trust$3.5MVanguard Portfolio Management LLC$3.5MVanguard Capital Management LLC$3.3MVanguard Fiduciary Trust$2.0MCharles Schwab Investment Managem…$1.3MNuveen, LLC$1.1M
Funds' net buying of FBYD by quarter (13F)Funds' net buying of FBYD by quarter (13F)−$75K2024-09$124K2024-12−$1.0M2025-03−$169K2025-06$7.5M2025-09$20.8M2025-12$1.7M2026-03−$1.1M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on FBYD

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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