The company's capital structure remains unstable, with a current ratio of 0.45 as of 2026Q1 indicating a severe lack of working capital to cover short-term obligations.
| Total Current Assets | 10.5M | 10.37M | 4.13M | 2.43M | 15.62M | 7M | 2.99M | 3.48M |
| Cash & Short-Term Investments | 1.18M | 1.87M | 825K | 672K | 8.37M | 3.09M | 2.86M | 2.95M |
| Cash Only | 1.18M | 1.87M | 825K | 672K | 8.37M | 3.09M | 767.44K | 1.01M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 104.94K | 1.94M |
| Accounts Receivable | 5.46M | 3.71M | 2.11M | 1.09M | 6M | 2.76M | 58.87K | 24.44K |
| Days Sales Outstanding | 73.52 | 91 | 114.13 | 21.79 | 137.33 | 166 | 1K | 21.27 |
| Inventory | 0 | 0 | 0 | 0 | 407K | 610K | 54 | 52 |
| Days Inventory Outstanding | - | - | - | - | 13.1 | 54.96 | 1.66 | 0.11 |
| Other Current Assets | 3.87M | 4.79M | 612K | 114K | 18K | 543K | 2.06M | 2.44M |
| Total Non-Current Assets | 51.86M | 56.33M | 57.1M | 60.93M | 96.65M | 67.5M | 5.08M | 4.54M |
| Property, Plant & Equipment | 3.98M | 4.21M | 24K | 23K | 2.39M | 2.23M | 3.35M | 2.59M |
| Fixed Asset Turnover | 4.31x | 3.54x | 281.04x | 793.22x | 6.68x | 2.72x | 0.01x | 0.16x |
| Goodwill | 0 | 0 | 0 | 0 | 11.47M | 11.47M | 29.34K | 28.25K |
| Intangible Assets | 1.01M | 1.06M | 0 | 0 | 8.3M | 7.4M | 838.31K | 855.57K |
| Long-Term Investments | 201.54M | 50.72M | 56.56M | 60.64M | 71.98M | 46.04M | 574.17K | 611.82K |
| Other Non-Current Assets | 254K | 341K | 513K | 264K | 2.51M | 354K | 291.32K | 450.38K |
| Total Assets | 62.36M | 66.7M | 61.23M | 63.36M | 112.27M | 74.5M | 8.08M | 8.02M |
| Asset Turnover | 0.26x | 0.22x | 0.11x | 0.29x | 0.14x | 0.08x | 0.00x | 0.05x |
| Asset Growth % | 54.55% | 8.94% | -3.36% | -43.57% | 50.7% | 822.6% | 0.73% | - |
| Total Current Liabilities | 23.41M | 28.52M | 45.64M | 214.4M | 17.32M | 6.95M | 1.49M | 257.99K |
| Accounts Payable | 0 | 8.45M | 9.54M | 3.85M | 4.63M | 465K | 1.09K | 1.43K |
| Days Payables Outstanding | 366.37 | 717.36 | - | 138.51 | 148.84 | 41.9 | 33.27 | 2.92 |
| Short-Term Debt | 1.22M | 1.85M | 10.28M | 6.65M | 7.56M | 2M | 1.29M | 158.54K |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 1.3M | 0 | 0 | 0 |
| Other Current Liabilities | 22.19M | 18.22M | 24.36M | 183.48M | 3M | 2.56M | 195.96K | 98.02K |
| Current Ratio | 0.45x | 0.36x | 0.09x | 0.01x | 0.90x | 1.01x | 2.01x | 13.49x |
| Quick Ratio | 0.45x | 0.36x | 0.09x | 0.01x | 0.88x | 0.92x | 2.01x | 13.49x |
| Cash Conversion Cycle | -292.85 | - | - | - | 1.58 | 179.06 | 968.4 | 18.46 |
| Total Non-Current Liabilities | 9.26M | 14.37M | 35.69M | 337.95M | 26.59M | 39.54M | 1.29M | 2.74M |
| Long-Term Debt | 1.77M | 1.9M | 30.98M | 22.96M | 24.73M | 37.66M | 930.47K | 2.26M |
| Capital Lease Obligations | 4.16M | 0 | 0 | 0 | 1.85M | 1.81M | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 7.48M | 12.46M | 4.71M | 314.99M | 0 | 70K | 355.81K | 482.98K |
| Total Liabilities | 32.66M | 42.88M | 81.33M | 552.35M | 43.91M | 46.49M | 2.78M | 3M |
| Total Debt | 2.99M | 3.75M | 41.26M | 29.62M | 34.15M | 41.63M | 2.22M | 2.42M |
| Net Debt | 1.81M | 1.88M | 40.43M | 28.94M | 25.78M | 38.54M | 1.46M | 1.4M |
| Debt / Equity | 0.10x | 0.16x | - | - | 0.50x | 1.49x | 0.42x | 0.48x |
| Debt / EBITDA | -0.21x | - | - | - | - | - | - | 11.04x |
| Net Debt / EBITDA | -0.13x | - | - | - | - | - | - | 6.41x |
| Interest Coverage | -6.67x | -4.46x | 79.76x | -382.68x | -14.66x | -12.78x | - | - |
| Total Equity | 29.69M | 23.82M | -20.1M | -488.99M | 68.37M | 28.01M | 5.3M | 5.02M |
| Equity Growth % | 842.63% | 218.53% | 95.89% | -815.22% | 144.07% | 428.69% | 5.57% | - |
| Book Value per Share | 0.60 | 0.61 | -1.58 | -57.43 | 7.13 | 1.01 | 0.02 | 0.02 |
| Total Shareholders' Equity | 14.91M | 11.93M | -8.96M | -57.1M | 68.37M | 28.01M | 5.3M | 5.02M |
| Common Stock | 10K | 10K | 8K | 7K | 6K | 35.99M | 2.5M | 2.41M |
| Retained Earnings | -41.62M | -44.24M | -46.54M | -68.59M | -24.15M | -6.72M | 1.74M | 1.58M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 66K | 387K | -243K | -216K | -1.69M | -1.26M | 385.22K | 389.5K |
| Minority Interest | 14.78M | 11.89M | -11.13M | -431.89M | 0 | 0 | 0 | 0 |
Severe liquidity and dilution
According to recent SEC filings, FBYD's total equity has plummeted from a deficit of $57.1M in 2023Q4 to $14.9M in 2026Q1, reflecting a precarious trajectory where the company struggles to build a sustainable capital base while simultaneously navigating the high costs of its theme park development strategy.
The persistent negative retained earnings, which stood at $41.6M as of 2026Q1, suggest that the company's operational losses are consistently eroding shareholder value. Investors should monitor whether the recent stabilization in equity is a result of genuine operational improvement or merely the impact of external financing and accounting adjustments.
As reported in financial statements, FBYD's debt-to-equity ratio has fluctuated wildly, reaching a peak of 46.77 in 2025Q2 before settling at 0.10 in 2026Q1, which indicates that the company's capital structure remains highly unstable and sensitive to the timing of debt issuance and equity dilution events.
While the current debt load of $3.0M appears manageable in absolute terms, the company's inability to generate consistent operating cash flow makes even modest leverage a significant burden. The volatility in these metrics suggests that management may be relying on opportunistic financing rather than a structured approach to long-term capital management.
Based on FBYD's reported figures, the current ratio has remained consistently below 0.50, with the 2026Q1 reading of 0.45 highlighting a severe lack of working capital to cover short-term obligations, leaving the company with a dangerously thin buffer against operational shocks or unexpected project cost overruns.
With cash reserves of only $1.2M as of 2026Q1, the company appears to have virtually no margin for error in its liquidity management. This suggests that the firm may be forced to seek additional capital in the near term, which would likely result in further dilution for existing shareholders.
Analysis of the company's balance sheet reveals that the $4.0M in net PPE as of 2026Q1 represents a very small fraction of total assets, suggesting that the firm's valuation is heavily reliant on intangible factors rather than tangible, income-generating physical infrastructure, which warrants further investigation by investors.
The absence of significant deferred revenue, which has remained at zero across the observed periods, implies that the company lacks a committed pipeline of future service obligations that would typically provide visibility into future cash flows. This lack of contractual backlog makes the company's revenue projections appear highly speculative and dependent on winning new, non-recurring project contracts.
Quick answers to the most common questions about buying FBYD stock.
As of 2025, Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) had total assets of $66.7M including $10.4M in current assets.
Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) carries total debt of $3.7M, offset by $1.9M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) has total shareholders' equity (book value) of $11.9M ($0.61 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Falcon's Beyond Global, Inc. Class A Common Stock (FBYD) reported a current ratio of 0.36x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.