FGNX (FG Nexus Inc.) Stock Financials & Earnings

FGNXFG Nexus Inc.

Mkt Cap$55M

Financial Services·Insurance - Diversified·🇺🇸 United States·NASDAQ

Revenue (TTM)-$5M

Net Income (TTM)-$16M

EPS (TTM)-$57.89

Free Cash Flow (TTM)-$6M

Gross Margin220.8%

Op. Margin136.6%

Net Margin343.9%

FCF Margin120.6%

P/S Ratio (TTM)—

P/E Ratio (TTM)—

YoY Rev Growth-113.4%

Employees—

Earnings Reports

▶Q3 2025

Next: Q4 2025 · Mar 13

FG Nexus, Inc. engages in the provision of reinsurance, asset management and merchant banking services. The company was founded in October 2012 and is headquartered in Charlotte, NC.

CEO Daniel Kyle CerminaraIPO Apr 1, 2014www.fgnexus.io

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q4 22	$3M	$940K	$133K
Q1 23	$7M	$3M	-$4M
Q2 23	$3M	-$909K	-$6M
Q3 23	$4M	-$300K	-$4M
Q4 23	$8M	$3M	-$210K
Q1 24	$4M	-$2M	-$7M
Q2 24	$5M	-$345K	-$7M
Q3 24	$18M	$11M	-$5M
Q4 24	-$15M	-$15M	-$7M
Q1 25	$392K	-$5M	-$9M
Q2 25	$9M	$9M	$5M
Q3 25	$892K	$892K	$4M

Valuation

Quarter	P/S	P/E
Q4 22	2.2x	24.8x
Q1 23	1.5x	28.2x
Q2 23	1.0x	16.1x
Q3 23	0.8x	—
Q4 23	1.1x	—
Q1 24	2.0x	—
Q2 24	1.3x	—
Q3 24	0.9x	4.6x
Q4 24	2.0x	—
Q1 25	2.8x	—
Q2 25	15.8x	39.3x
Q3 25	—	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$802K	-$859K
Q1 23	-$528K	-$603K
Q2 23	-$2M	-$2M
Q3 23	-$133K	-$121K
Q4 23	-$3M	-$2M
Q1 24	-$1M	-$1M
Q2 24	-$3M	-$3M
Q3 24	$2K	-$30K
Q4 24	-$966K	-$960K
Q1 25	-$3M	-$3M
Q2 25	-$1M	-$1M
Q3 25	-$632K	-$617K

Capital Expenditures

CapEx

Quarter	CapEx
Q4 22	$57K
Q1 23	$75K
Q2 23	$243K
Q3 23	$12K
Q4 23	$1M
Q1 24	$17K
Q2 24	$3K
Q3 24	$32K
Q4 24	$6K
Q1 25	$14K
Q2 25	$1K
Q3 25	$15K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	+122.3%	-32.4%
Q1 23	+200.8%	+78.3%
Q2 23	+42.6%	+23.2%
Q3 23	-10.1%	+244.4%
Q4 23	+137.9%	+154.2%
Q1 24	-33.0%	+4.7%
Q2 24	+57.2%	+23.6%
Q3 24	+329.0%	+176.4%
Q4 24	-288.5%	-197.0%
Q1 25	-91.3%	-18.1%
Q2 25	+73.2%	-67.9%
Q3 25	-94.9%	-114.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$141K	4.2%
Q1 23	$127K	1.9%
Q2 23	$875K	26.2%
Q3 23	$479K	11.7%
Q4 23	$483K	6.0%
Q1 24	$327K	7.3%
Q2 24	$377K	7.2%
Q3 24	$0	0.0%
Q4 24	$454K	—
Q1 25	$175K	44.6%
Q2 25	$250K	2.8%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q4 22	$2M	—
Q1 23	$3M	$534K
Q2 23	$4M	$161K
Q3 23	$3M	$203K
Q4 23	$2M	—
Q1 24	$3M	$287K
Q2 24	$4M	$369K
Q3 24	$4M	$315K
Q4 24	$2M	$305K
Q1 25	$3M	$268K
Q2 25	$3M	$348K
Q3 25	$3M	$7M

Revenue Segments

Quarter	Insurance	Other Segments
Q1 23	$7M	—
Q2 23	$3M	$6K

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$4M	$0	$4M
Q1 23	$4M	$0	$4M
Q2 23	$5M	$0	$5M
Q3 23	$3M	$0	$3M
Q4 23	$6M	$11M	$17M
Q1 24	$7M	$0	$7M
Q2 24	$6M	$0	$6M
Q3 24	$6M	$0	$6M
Q4 24	$8M	$6M	$14M
Q1 25	$6M	$5M	$10M
Q2 25	$11M	$0	$11M
Q3 25	$7M	$0	$7M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q4 22	75K	+0.7%
Q1 23	75K	+0.3%
Q2 23	78K	+3.0%
Q3 23	83K	+6.9%
Q4 23	82K	-1.8%
Q1 24	134K	+64.4%
Q2 24	228K	+70.3%
Q3 24	229K	+0.2%
Q4 24	253K	+10.7%
Q1 25	254K	+0.4%
Q2 25	256K	+0.6%
Q3 25	2M	+816.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 13	—	—
FY 14	$1M	14
FY 15	$1M	22
FY 16	$1M	27
FY 17	$1M	30
FY 18	$33K	37
FY 19	$3M	2
FY 20	-$6M	3
FY 21	$461K	9
FY 22	$2M	7
FY 23	$3M	6
FY 24	$133K	130