FG (F&G Annuities & Life, Inc.) Stock Financials & Earnings | Market Cap Arena

FG (F&G Annuities & Life, Inc.) Stock Financials & Earnings | Market Cap Arena

FGF&G Annuities & Life, Inc.

Mkt Cap$3B

Financial Services·Insurance - Life·🇺🇸 United States·NYSE

Revenue (TTM)$5.5B

Net Income (TTM)$265M

EPS (TTM)$1.80

Free Cash Flow (TTM)$5.0B

Gross Margin28.3%

Op. Margin5.8%

Net Margin4.8%

FCF Margin91.0%

P/S Ratio (TTM)0.5x

P/E Ratio (TTM)11.4x

YoY Rev Growth+1.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$812M	$0	-$203M
Q2 23	$1.1B	$307M	$163M
Q3 23	$783M	$491M	$380M
Q4 23	$1.6B	-$80M	-$375M
Q1 24	$1.5B	$354M	$142M
Q2 24	$1.1B	$467M	$254M
Q3 24	$1.4B	$266M	-$30M
Q4 24	$1.5B	$543M	$412M
Q1 25	$854M	$330M	-$26M
Q2 25	$1.3B	$311M	$57M
Q3 25	$1.6B	$422M	$131M
Q4 25	$1.8B	$500M	$161M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.3x	10.9x
Q2 23	0.9x	137.8x
Q3 23	0.9x	21.5x
Q4 23	0.7x	—
Q1 24	0.6x	12.0x
Q2 24	0.6x	9.3x
Q3 24	0.6x	233.1x
Q4 24	0.6x	4.7x
Q1 25	0.6x	6.0x
Q2 25	0.6x	8.9x
Q3 25	0.6x	6.5x
Q4 25	0.5x	11.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$1.4B	$1.4B
Q2 23	$1.4B	$1.4B
Q3 23	$795M	$788M
Q4 23	$2.2B	$2.2B
Q1 24	$1.5B	$1.5B
Q2 24	$1.1B	$1.1B
Q3 24	$2.1B	$2.1B
Q4 24	$1.3B	$1.3B
Q1 25	$956M	$951M
Q2 25	$1.6B	$1.6B
Q3 25	$937M	$934M
Q4 25	$1.5B	$1.5B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$6M
Q2 23	$8M
Q3 23	$7M
Q4 23	$6M
Q1 24	$7M
Q2 24	$5M
Q3 24	$7M
Q4 24	$5M
Q1 25	$5M
Q2 25	$4M
Q3 25	$3M
Q4 25	$3M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+27.5%	+247.6%
Q2 23	+9266.7%	+304.5%
Q3 23	-18.2%	-43.9%
Q4 23	+146.7%	+139.4%
Q1 24	+86.6%	+35.3%
Q2 24	-4.4%	-14.6%
Q3 24	+73.8%	+245.2%
Q4 24	-5.3%	-45.1%
Q1 25	-43.6%	-35.9%
Q2 25	+21.3%	+51.9%
Q3 25	+17.8%	+5.8%
Q4 25	+20.1%	+51.6%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$5M	0.6%
Q2 23	$6M	0.5%
Q3 23	$5M	0.6%
Q4 23	$7M	0.5%
Q1 24	$7M	0.5%
Q2 24	$7M	0.7%
Q3 24	$7M	0.5%
Q4 24	$8M	0.5%
Q1 25	$8M	0.9%
Q2 25	$6M	0.5%
Q3 25	$8M	0.5%
Q4 25	$9M	0.5%

OpEx Breakdown

Quarter	G&A
Q1 23	$53M
Q2 23	$56M
Q3 23	$58M
Q4 23	$65M
Q1 24	$66M
Q2 24	$69M
Q3 24	$80M
Q4 24	$81M
Q1 25	$67M
Q2 25	$77M
Q3 25	$79M

Revenue Segments

Quarter	Reportable Segment
Q2 25	$1.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.6B	$35.0B	$36.6B
Q2 23	$1.7B	$36.5B	$38.2B
Q3 23	$1.7B	$37.0B	$38.8B
Q4 23	$1.6B	$41.9B	$43.4B
Q1 24	$2.4B	$23.0B	$25.4B
Q2 24	$3.5B	$0	$3.5B
Q3 24	$3.5B	$24.8B	$28.3B
Q4 24	$2.3B	$46.3B	$48.6B
Q1 25	$3.3B	$25.2B	$28.5B
Q2 25	$1.9B	$50.2B	$52.1B
Q3 25	$2.2B	$0	$2.2B
Q4 25	$1.5B	$0	$1.5B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	125M	+0.0%
Q2 23	125M	+0.0%
Q3 23	125M	+0.0%
Q4 23	124M	-0.8%
Q1 24	130M	+4.8%
Q2 24	131M	+0.8%
Q3 24	124M	-5.3%
Q4 24	131M	+5.6%
Q1 25	126M	-3.8%
Q2 25	134M	+6.3%
Q3 25	139M	+3.7%
Q4 25	139M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	$3M	872
FY 23	$4M	1K
FY 24	$4M	1K
FY 25	$5M	1K