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.