--- title: "FG Financial Pref Share FGFPP 8 02/28/23 | 10-Q: FY2026 Q1 Revenue: USD 232 K" type: "News" locale: "en" url: "https://longbridge.com/en/news/285622993.md" datetime: "2026-05-07T21:21:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285622993.md) - [en](https://longbridge.com/en/news/285622993.md) - [zh-HK](https://longbridge.com/zh-HK/news/285622993.md) generator: "portal-rs" --- # FG Financial Pref Share FGFPP 8 02/28/23 | 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 -40.27 M. #### Segment Revenue - **Total Revenue**: FG Nexus Inc. reported total revenue of $232 thousand for the three months ended March 31, 2026, a decrease from $238 thousand in the prior-year period . - **Digital Assets**: This segment generated no revenue in either the three months ended March 31, 2026, or March 31, 2025 . - **Merchant Banking Advisory Fees**: Revenue remained constant at $128 thousand for both the three months ended March 31, 2026, and March 31, 2025 . - **Rental Income (Other Segment)**: Rental income decreased to $104 thousand for the three months ended March 31, 2026, from $110 thousand in the same period of 2025 . #### Operational Metrics - **Loss from Operations**: The loss from operations significantly increased to -$40,224 thousand for the three months ended March 31, 2026, compared to -$2,274 thousand for the three months ended March 31, 2025 . This increase was primarily driven by -$36,700 thousand in digital asset losses in 2026, which included -$18,000 thousand in unrealized mark-to-market adjustments on ETH digital assets and -$18,700 thousand in realized losses on the sale and conversion of ETH . - **Net Loss from Continuing Operations**: The net loss from continuing operations increased to -$40,263 thousand for the three months ended March 31, 2026, from -$8,629 thousand in the prior-year period . This was mainly due to unrealized mark-to-market adjustments, realized losses on ETH, and increased operating expenses from digital asset treasury operations . - **Net Income (Loss) from Discontinued Operations**: The company reported net income from discontinued operations of $1,625 thousand for the three months ended March 31, 2026, a significant improvement from a net loss of -$1,126 thousand in the same period of 2025 . This includes a $1,600 thousand gain on the sale of the remaining portion of its reinsurance business . - **Total Net Loss**: The total net loss was -$38,638 thousand for the three months ended March 31, 2026, compared to -$9,755 thousand for the three months ended March 31, 2025 . - **General and Administrative Expenses**: These expenses increased by 57.5% to -$3,680 thousand in 2026 from -$2,337 thousand in 2025, attributed to higher compensation, professional fees, audit fees, and public relations expenses for the new ETH treasury operations . - **Stock-Based Compensation**: This decreased to -$117 thousand in 2026 from -$175 thousand in 2025 . - **Gain (Loss) on Equity Holdings**: The company recorded a gain of $32 thousand in 2026, a notable improvement from a loss of -$6,419 thousand in 2025 . This includes a $32 thousand equity method gain on Saltire shares in 2026, compared to a -$1,500 thousand equity method loss on Saltire shares in 2025 . #### Cash Flow - **Net Cash Used in Operating Activities from Continuing Operations**: This increased to -$6,229 thousand for the three months ended March 31, 2026, from -$2,923 thousand for the three months ended March 31, 2025, due to higher operating expenses and increased working capital uses . - **Net Cash Provided by Investing Activities from Continuing Operations**: This increased to $21,410 thousand in 2026 from $1,519 thousand in 2025, primarily due to $22,010 thousand from ETH sales and $150 thousand from note receivable repayment, partially offset by -$500 thousand in equity holding purchases . - **Net Cash Used in Financing Activities from Continuing Operations**: This increased to -$14,427 thousand in 2026 from -$720 thousand in 2025, including -$14,000 thousand for common and preferred share buyback programs, -$28 thousand in principal debt payments, and -$370 thousand in preferred share dividends . - **Cash and Cash Equivalents at End of Period**: Ended at $14,141 thousand on March 31, 2026, up from $4,437 thousand on March 31, 2025 . #### Unique Metrics - **Digital Asset Holdings**: As of March 31, 2026, FG Nexus Inc. held 20,637 ETH with a fair value of $43,455 thousand and 7,659 wrapped staked ETH (wstETH) with a carrying value of $17,233 thousand, for a combined fair value of digital assets of $60,700 thousand . - **Common Stock Repurchase Program**: During the three months ended March 31, 2026, approximately 0.6 million shares of Common Stock were purchased at a total cost of approximately $8,700 thousand . As of May 6, 2026, approximately 29.1% of its Common Stock outstanding prior to the program’s implementation had been repurchased . - **Preferred Stock Repurchase Program**: In the first quarter of 2026, approximately 212 thousand Series A Preferred Stock shares were repurchased at a total cost of approximately $5,300 thousand . As of May 6, 2026, approximately 27.2% of Series A Preferred Stock outstanding prior to the program’s implementation had been repurchased . #### Future Outlook and Strategy FG Nexus Inc. is shifting its strategy to focus on operating as a digital asset treasury, primarily holding Ether (ETH), and pursuing tokenization opportunities for real-world assets . The company’s Board is reviewing a potential business combination with FG Communities, Inc. to become a leader in real-world asset tokenization, which is expected to materially impact future operations if completed . Additionally, the sale of its Quebec property is anticipated to close in the second quarter of 2026, generating approximately $8.0-$9.0 million USD in net pretax proceeds . ### Related Stocks - [FGNXP.US](https://longbridge.com/en/quote/FGNXP.US.md) ## Related News & Research - [Home Depot announces R$ 0.29-per-unit dividend for Q3 2026](https://longbridge.com/en/news/296645065.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) - [Medtronic declares Q3 2026 dividend of R$ 0.34 per unit, payable Oct. 22](https://longbridge.com/en/news/296645069.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) - [Clorox (CLX) Stock Looks Fully Valued Despite A 23% Five Year Slide](https://longbridge.com/en/news/296685126.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**