Filing Flows › Falcon's Beyond Global (FBYD) › Q4 2025
Falcon's Beyond Global (FBYD) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 30, 2026
Falcon's Beyond Global (FBYD) reported revenue of $6.6M for the fourth quarter 2025 (Q4 2025), +383% from a year earlier and +62% from the quarter before. Operating margin was -30.9%, net loss $296K (4.5% of revenue).
Falcon's Beyond Global, Q4 2025: revenue $6.6M (+384% year over year), operating margin -30.9%, net loss $296K, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.6M | +62% | +383% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$296K | — | — |
| Operating cash flow | −$4.3M | — | — |
What changed
Revenue was $6.6M in Q4 2025, up 383% year over year and up 62% from the previous quarter.
Operating costs exceeded revenue by $2.0M, an operating margin of -30.9%. Total costs grew 45% against revenue growth of 383%. The quarter ended with a net loss of $296K, narrower than the previous quarter's $10.4M loss. Non-operating items added $1.7M, -586% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$4.3M. Non-cash charges added back $137K of depreciation and amortization and $447K of share-based compensation. Working capital and other items used $4.6M. Capital expenditures of $20K exceeded it, leaving free cash flow of −$4.3M.
Questions
What was Falcon's Beyond Global's revenue in the fourth quarter 2025?
Falcon's Beyond Global (FBYD) reported revenue of $6.6M for the fourth quarter 2025 (Q4 2025), +383% from a year earlier and +62% from the quarter before.
Was Falcon's Beyond Global profitable in the fourth quarter 2025?
Operating loss was $2.0M (-30.9% of revenue) and net loss $296K.