--- title: "FG Nexus | 10-K: FY2025 Revenue: USD 2.413 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/283986489.md" datetime: "2026-04-24T11:01:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283986489.md) - [en](https://longbridge.com/en/news/283986489.md) - [zh-HK](https://longbridge.com/zh-HK/news/283986489.md) --- # FG Nexus | 10-K: FY2025 Revenue: USD 2.413 M Revenue: As of FY2025, the actual value is USD 2.413 M. EPS: As of FY2025, the actual value is USD -25.69. EBIT: As of FY2025, the actual value is USD -63.87 M. #### Segment Revenue - In 2025, FG Nexus Inc. generated $1.475 million from ETH staking rewards, $0.523 million from merchant banking advisory fees, and $0.415 million from rental income within the Other segment. In 2024, merchant banking advisory fees were $0.075 million, rental income (Other segment) was $0.704 million, and ETH staking rewards were $0. #### Operational Metrics - **Loss from Operations**: The company reported a loss from operations of -$64.0 million in 2025, a significant increase from -$11.7 million in 2024, representing an increase of -$52.291 million or 446.6%. - **General and Administrative Expenses**: These expenses rose to -$14.506 million in 2025 from -$9.395 million in 2024, an increase of -$5.111 million or 54.4%. - **Stock-Based Compensation**: This expense increased to -$7.760 million in 2025 from -$1.618 million in 2024, an increase of -$6.142 million or 379.6%. - **Realized Loss on Digital Assets**: FG Nexus Inc. recorded a realized loss of -$5.815 million on digital assets in 2025, compared to -$0 million in 2024. - **Unrealized Measurement of Fair Value of ETH Digital Assets**: An unrealized loss of -$38.327 million was reported in 2025, compared to -$0 million in 2024. - **Impairment and Other**: This figure was -$0.005 million in 2025, an improvement from -$1.475 million in 2024. - **Loss on Equity Holdings**: Losses decreased to -$5.503 million in 2025 from -$14.675 million in 2024, a decrease of $9.172 million or -62.5%. - **Net Loss from Continuing Operations**: The net loss from continuing operations increased to -$67.634 million in 2025 from -$24.277 million in 2024, an increase of -$43.357 million or 178.6%. #### Segment (Loss) Income Before Taxes - In 2025, the Digital Assets segment reported a loss of -$43,997 thousand, Merchant Banking reported a loss of -$6,921 thousand, and the Other segment reported an income of $11 thousand. In 2024, the Digital Assets segment reported -$0 thousand, Merchant Banking reported a loss of -$15,788 thousand, and the Other segment reported a loss of -$1,654 thousand. #### Cash Flow - **Net Cash Used in Operating Activities from Continuing Operations**: This amounted to -$6.663 million in 2025, compared to -$3.940 million in 2024. - **Net Cash Used in Investing Activities from Continuing Operations**: This was -$128.147 million in 2025, a significant change from $13.288 million provided by investing activities in 2024. - **Net Cash Provided by Financing Activities from Continuing Operations**: This was $136.022 million in 2025, compared to -$6.856 million used in financing activities in 2024. #### Unique Metrics - **ETH Digital Assets**: As of December 31, 2025, FG Nexus Inc. held 40,093 ETH with an estimated fair value of $119.4 million. By March 23, 2026, the total digital asset portfolio, including ETH and wrapped staked ETH (WSETH), had an estimated combined fair value of approximately $64.6 million. - **Common Stock Repurchase Program**: From October 23, 2025, through March 23, 2026, approximately 2.2 million shares of common stock were repurchased at a total cost of approximately $34.9 million, representing about 25.8% of common stock outstanding prior to the program. - **Preferred Share Repurchase Program**: From December 12, 2025, through March 23, 2026, approximately 202 thousand shares of Series A Preferred Stock were repurchased at a total cost of approximately $5.0 million, representing about 22.6% of Series A Preferred Stock outstanding prior to the program. - **Private Placement Offering**: In August 2025, the company received gross cash proceeds of approximately $176.0 million (or $168.6 million after offering costs) and approximately $24.0 million in cryptocurrency from a private placement offering. - **ATM Offering**: Through December 31, 2025, approximately 0.4 million shares of Common Stock were sold, generating gross proceeds of approximately $15.5 million (or $14.1 million after offering costs). The ATM was suspended as of October 13, 2025, with plans for reinstatement. - **Reinsurance Business Sale**: The remaining portion of the reinsurance business was sold in early 2026, resulting in the release of $3.3 million in collateral, a $1.0 million cash payment, and a 40% equity interest in the purchasing entity. Additionally, $1.3 million in cash was left in the reinsurance business in exchange for a promissory note. #### Outlook - FG Nexus Inc. signed a non-binding letter of intent to sell its Quebec property for $15.0 million CAD, which is approximately $11.0 million USD. The company expects net pretax proceeds of $8.0-$9.0 million USD after loan repayment from this transaction. The sale is anticipated to close during the first half of 2026, if completed. ### 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) - [TD Cowen Just Upgraded Dominion Energy. Here's Why.](https://longbridge.com/en/news/296516713.md) - [FG: Order backlog and profit improved in Q2, despite lower sales and margins year-over-year](https://longbridge.com/en/news/296439087.md) - [Home Depot declares quarterly dividend of $2.33 a share](https://longbridge.com/en/news/296531433.md) - [Micron Is Worth $1.1 Trillion and Sits 23% Below Its 52-Week High. Is the Stock a Buy?](https://longbridge.com/en/news/296031811.md)