--- title: "FG Nexus | 10-Q: FY2026 Q1 Revenue: USD 232 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/285622991.md" datetime: "2026-05-07T21:21:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285622991.md) - [en](https://longbridge.com/en/news/285622991.md) - [zh-HK](https://longbridge.com/zh-HK/news/285622991.md) generator: "portal-rs" --- # FG Nexus | 10-Q: FY2026 Q1 Revenue: USD 232 K Revenue: As of FY2026 Q1, the actual value is USD 232 K. EPS: As of FY2026 Q1, the actual value is USD -5.88. EBIT: As of FY2026 Q1, the actual value is USD -40.32 M. #### Overall Continuing Operations Performance (Three Months Ended March 31, 2026 vs. 2025) - **Total Revenue**: Decreased to $0.2 million in 2026 from $0.2 million in 2025, a -2.5% change . - **General and Administrative Expenses**: Increased to -$3.7 million in 2026 from -$2.3 million in 2025, a 57.5% increase . This was primarily due to higher compensation costs, professional fees, audit fees, and public relations expenses related to launching new ETH treasury operations . - **Stock-Based Compensation**: Decreased to -$0.1 million in 2026 from -$0.2 million in 2025, a -33.1% change . - **Realized Loss on Digital Assets**: Increased to -$18.7 million in 2026 from $0 in 2025 . - **Unrealized Loss on Measurement of Fair Value of ETH Digital Assets**: Increased to -$18.0 million in 2026 from $0 in 2025 . - **Loss from Operations**: Increased to -$40.2 million in 2026 from -$2.3 million in 2025, a 1,668.9% increase, primarily due to digital asset losses and increased operating expenses for digital asset treasury operations . - **Interest Income (Expense), Net**: Improved to $0.04 million in 2026 from -$0.004 million in 2025 . - **Gain (Loss) on Equity Holdings**: Improved to $0.03 million in 2026 from -$6.4 million in 2025 . The 2026 figure includes an equity method gain on Saltire shares of $32 thousand . - **Loss on Financial Instruments**: Increased to -$0.1 million in 2026 from $0 in 2025 . - **Foreign Currency Transaction Loss**: Increased to -$0.03 million in 2026 from $0 in 2025 . - **Loss from Continuing Operations Before Income Taxes**: Increased to -$40.3 million in 2026 from -$8.7 million in 2025, a 363.1% increase . - **Income Tax Benefit**: Decreased to $0.009 million in 2026 from $0.068 million in 2025, an -86.8% change . - **Net Loss from Continuing Operations**: Increased to -$40.3 million in 2026 from -$8.6 million in 2025 . - **Net Income (Loss) from Discontinued Operations**: Improved to $1.6 million in 2026 from -$1.1 million in 2025 . - **Net Loss Attributable to Common Shareholders**: Increased to -$39.0 million in 2026 from -$10.2 million in 2025 . #### Segment Revenue (Three Months Ended March 31, 2026 vs. 2025) - **Digital Assets**: $0 revenue in both 2026 and 2025, with no revenue generated from ETH native staking activities during Q1 2026 . - **Merchant Banking**: $0.1 million in advisory fees in both 2026 and 2025 . - **Other**: $0.1 million in rental income in both 2026 and 2025 . - **Total Revenue**: $0.2 million in 2026 compared to $0.2 million in 2025 . #### Segment (Loss) Income Before Taxes (Three Months Ended March 31, 2026 vs. 2025) - **Digital Assets**: -$37.2 million in 2026 compared to $0 in 2025, including -$18.7 million in realized loss and -$18.0 million in unrealized loss on measurement of fair value of ETH digital assets . - **Merchant Banking**: -$0.4 million in 2026 compared to -$6.7 million in 2025, including a gain on equity holdings of $32 thousand in 2026 . - **Other**: $0.006 million in 2026 compared to $0.01 million in 2025 . #### Segment Assets (As of March 31, 2026 vs. December 31, 2025) - **Merchant Banking**: $17.2 million as of March 31, 2026, up from $14.7 million as of December 31, 2025 . - **Digital Assets**: $60.7 million as of March 31, 2026, down from $119.4 million as of December 31, 2025 . - **Other & Corporate**: $17.8 million as of March 31, 2026, down from $29.8 million as of December 31, 2025 . The December 31, 2025 figure included $13.9 million of assets from discontinued operations related to the reinsurance business . - **Total Assets**: $95.7 million as of March 31, 2026, down from $163.8 million as of December 31, 2025 . #### Cash Flow (Three Months Ended March 31, 2026 vs. 2025) - **Net Cash Used in Operating Activities from Continuing Operations**: -$6.2 million in 2026 compared to -$2.4 million in 2025, an increase primarily due to higher operating expenses and working capital uses . - **Net Cash Provided by Investing Activities from Continuing Operations**: $21.7 million in 2026 compared to $1.5 million in 2025 . The 2026 figure includes $22.0 million from ETH sales and $0.2 million from note receivable repayment, partially offset by $0.5 million for equity holding purchases . - **Net Cash Used in Financing Activities from Continuing Operations**: -$14.4 million in 2026 compared to -$0.6 million in 2025 . The 2026 figure includes -$14.0 million for common and preferred share buybacks . - **Net Increase (Decrease) in Cash and Cash Equivalents from Continuing Operations**: $1.0 million in 2026 compared to -$1.4 million in 2025 . - **Net Decrease in Cash and Cash Equivalents from Discontinued Operations**: -$0.25 million in 2026 compared to -$0.7 million in 2025 . - **Net Increase (Decrease) in Cash and Cash Equivalents**: $0.7 million in 2026 compared to -$2.1 million in 2025 . #### Unique Metrics - **ETH Digital Assets**: As of March 31, 2026, FG Nexus Inc. held 20,637 units of ETH with a fair value of $43.5 million, a decrease from $119.4 million as of December 31, 2025 . - **Wrapped Staked ETH (wstETH)**: As of March 31, 2026, FG Nexus Inc. held 7,659 tokens of wstETH with a carrying value of $17.2 million . - **Equity Holdings**: As of March 31, 2026, equity holdings totaled $17.1 million, including a 23.8% economic interest in Saltire Capital Ltd. ($14.9 million carrying amount) and a 40.0% economic interest in Devondale Holdings LLC ($1.8 million carrying amount) . FG Nexus Inc. also purchased $0.5 million in common shares of USFM Corporation . - **Common Stock Repurchase Program**: During Q1 2026, FG Nexus Inc. repurchased approximately 0.6 million shares of its Common Stock for $8.7 million, with approximately $165.1 million remaining available under the program as of March 31, 2026 . - **Preferred Stock Repurchase Program**: During Q1 2026, FG Nexus Inc. repurchased approximately 212 thousand shares of its Series A Preferred Stock for $5.3 million, with 677 thousand shares still purchasable under the program as of March 31, 2026 . #### Future Outlook and Strategy FG Nexus Inc. is reviewing potential strategic alternatives, including a possible business combination with FG Communities, Inc., to enhance long-term stockholder value and advance its strategy in tokenization of real-world assets . This potential transaction aims to align its digital asset platform with an income-producing real estate business . Additionally, the company has signed a non-binding letter of intent to sell its Quebec property for an expected $8.0-$9.0 million USD in net pretax proceeds, anticipated to close in Q2 2026 . ### Related Stocks - [FGNX.US](https://longbridge.com/en/quote/FGNX.US.md) ## Related News & Research - [FG Nexus declares $0.5 quarterly dividend on 8% Series A preferred stock](https://longbridge.com/en/news/295935186.md) - [Scandinavian Investment Group H1 FY26 net profit rises to DKK 23 million; lifts FY26 net profit outlook to DKK 33 million-38 million](https://longbridge.com/en/news/296459205.md) - [02:23 ETGentoo Media publishes Q2 2026 Interim Report and revises full-year guidance](https://longbridge.com/en/news/296995358.md) - [Sonoro Gold completes USD 5.17 million acquisition of 23 Cerro Caliche mineral concessions](https://longbridge.com/en/news/297042096.md) - [Bavarian Nordic Q2 FY26 EBITDA margin widens 12 percentage points to 45%; revenue rises 23% to DKK 2.03 billion](https://longbridge.com/en/news/296572827.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**