Filing Flows › Falcon's Beyond Global (FBYD) › Q3 2025
Falcon's Beyond Global (FBYD) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Falcon's Beyond Global (FBYD) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +96% from a year earlier and +59% from the quarter before. Operating margin was -90.9%, net loss $10.4M (256.8% of revenue).
Falcon's Beyond Global, Q3 2025: revenue $4.1M (+96% year over year), operating margin -90.9%, net loss $10.4M, operating cash flow −$13.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1M | +59% | +96% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$10.4M | -141% | — |
| Operating cash flow | −$13.3M | — | — |
What changed
Revenue was $4.1M in Q3 2025, up 96% year over year and up 59% from the previous quarter.
Operating costs exceeded revenue by $3.7M, an operating margin of -90.9%. Total costs grew 71% against revenue growth of 96%. The fastest-growing cost line was SG&A (+38%). The quarter ended with a net loss of $10.4M, after a profit of $25.1M the previous quarter. Minority interests bore $6.0M of it: to shareholders the quarter was a loss of $4.4M. Net interest and other expense of $6.7M was the main reason.
Operating cash flow was −$13.3M. Non-cash charges added back $168K of depreciation and amortization and $366K of share-based compensation. Working capital and other items used $3.4M. Capital expenditures of $41K exceeded it, leaving free cash flow of −$13.4M.
Questions
What was Falcon's Beyond Global's revenue in the third quarter 2025?
Falcon's Beyond Global (FBYD) reported revenue of $4.1M for the third quarter 2025 (Q3 2025), +96% from a year earlier and +59% from the quarter before.
Was Falcon's Beyond Global profitable in the third quarter 2025?
Operating loss was $3.7M (-90.9% of revenue) and net loss $10.4M.