$FBYDP

Falcon's Beyond Global, Inc.

CIK:0001937987|SEC Filings

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenue	$ 5,618	$ 2,549	$ 10,994	$ 4,257
Operating expenses:
Selling, general and administrative expense ($43, $21, $75 and $45 related party, respectively)	7,652	6,644	15,388	12,940
Transaction credit	(4,000)	(3,299)	(15,057)	(1,778)
Research and development expense ($0, $57, $0 and $175 related party, respectively)	0	83	0	201
Depreciation and amortization expense	130	40	264	44
Total operating expenses	5,880	3,899	4,767	11,944
Income (loss) from operations	(262)	(1,350)	6,227	(7,687)
Share of gain or (loss) from equity method investments	153	25,846	(63)	21,783
Interest expense ($(141), $(572), $(290) and $(1,141) related party, respectively)	(218)	(841)	(392)	(2,174)
Interest income	7	2	13	5
Change in fair value of warrant liabilities	0	0	0	2,886
Foreign exchange transaction gain (loss)	2	1,455	18	2,207
Net income (loss) before taxes	(318)	25,112	5,803	17,020
Income tax (expense) benefit	0	0	0	0
Net income (loss)	(318)	25,112	5,803	17,020
Net income (loss) attributable to noncontrolling interest	(158)	13,886	2,891	9,409
Net income (loss) attributable to common stockholders	$ (160)	$ 11,226	$ 2,912	$ 7,611
Net income (loss) per share
Net income (loss) per share, basic	$ (0.01)	$ 0.3	$ 0.04	$ 0.21
Net income (loss) per share, diluted	$ (0.01)	$ 0.3	$ 0.04	$ 0.17
Weighted average shares outstanding, basic (in Shares)	49,327,318	37,523,324	49,269,329	37,423,300
Weighted average shares outstanding, diluted (in Shares)	49,327,318	37,525,894	49,527,876	37,521,109
Other Comprehensive income (loss):
Net income (loss)	$ (318)	$ 25,112	$ 5,803	$ 17,020
Foreign currency translation income (loss)	(165)	1,262	(805)	1,347
Total comprehensive income (loss)	(483)	26,374	4,998	18,367
Comprehensive income (loss) attributable to noncontrolling interest	(240)	14,585	2,490	10,155
Total comprehensive income (loss) attributable to common stockholders	(243)	11,789	2,508	8,212
Services [Member]
Revenue	4,002	2,392	7,676	4,100
Product Sales [Member]
Revenue	1,616	157	3,318	157
Project Design and Build [Member]
Operating expenses:
Cost of goods and services sold	1,069	348	2,014	454
Cost of Product Sales [Member]
Operating expenses:
Cost of goods and services sold	$ 1,029	$ 83	$ 2,158	$ 83

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities
Net income (loss)	$ 5,803	$ 17,020
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	264	44
Foreign exchange transaction gain (loss)	(31)	(2,207)
Share of gain (loss) from equity method investments	63	(21,783)
Change in fair value of warrants	0	(2,886)
Share based compensation expense	1,258	848
Changes in assets and liabilities:
Accounts receivable ($(1,739) and $1,096 related party, respectively)	(1,875)	392
Contract assets	2,153	(147)
Deferred transaction costs	0	588
Other current assets	(240)	92
Other non-current assets	137	(4)
Accounts payable ($(65) and $(1,075) related party, respectively)	(5,378)	506
Accrued expenses and other current liabilities ($(154) and $227 related party, respectively)	(10,149)	545
Contract liabilities	5,813	0
Operating lease assets and liabilities	115	33
Net cash provided by (used in) operating activities	(347)	(6,959)
Cash flows from investing activities
Purchase of property and equipment	(14)	(92)
Proceeds from sale of equipment	0	2
Short-term advances to affiliate - related party	(4,349)	0
Issuance of short-term loan	(200)	0
OES Acquisition	0	(1,632)
Net cash provided by (used in) investing activities	887	25,233
Cash flows from financing activities
Short-term advances ($0 and $1,500 related party, respectively)	0	8,033
Repayment of debt ($(750) and $0 related party, respectively)	(1,675)	(986)
Proceeds from related party credit facilities	4,370	1,769
Repayment of related party credit facilities	(1,831)	(1,866)
Proceeds from RSUs issued to affiliates	564	403
Settlement of RSUs	(735)	(422)
Net cash provided by (used in) financing activities	693	6,931
Net increase (decrease) in cash and cash equivalents	1,233	25,205
Foreign exchange impact on cash	(9)	34
Cash and cash equivalents at beginning of period	1,868	825
Cash and cash equivalents at end of period	3,092	26,064
Supplemental disclosures:
Cash paid for interest	491	991
Non-cash activities:
Conversion of warrants to common shares, Class A	0	1,825
Conversion of Class B Common Stock to Class A Common Stock	82	19
PDP [Member]
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Distribution from equity method investment PDP	1,720	0
Cash flows from investing activities
Distribution from equity method investment	0	26,955
Karnival [Member]
Cash flows from investing activities
Distribution from equity method investment	$ 5,450	$ 0

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Assets [Abstract]
Cash and cash equivalents ($525 and $532 restricted cash, respectively)	$ 3,092	$ 1,868
Accounts receivable ($4,254 and $2,533 related party, respectively)	5,585	3,714
Contract assets	1,111	3,264
Other current assets ($5,332 and $983 related party, respectively)	6,313	1,525
Total current assets	16,101	10,371
Investments and advances to equity method investments	42,654	50,717
Operating lease right-of-use assets	2,854	3,188
Property and equipment, net	885	1,022
Intangible assets, net	949	1,063
Other non-current assets	204	341
Total assets	63,647	66,702
Liabilities and Equity [Abstract]
Accounts payable ($149 and $215 related party, respectively)	3,073	8,453
Accrued expenses and other current liabilities ($348 and $501 related party, respectively)	6,222	16,429
Contract liabilities	5,832	19
Operating lease liability, current	503	460
Short-term debt ($636 and $1,386 related party, respectively)	636	1,386
Long-term debt, current	8,274	1,769
Total current liabilities	24,540	28,516
Operating lease liability, net of current portion	1,638	1,900
Long-term debt, net of current portion ($7,563 and $5,024 related party, respectively)	7,563	12,465
Total liabilities	33,741	42,881
Commitments and contingencies - Note 7
Stockholders' equity
Series B preferred stock ($0.0001 par value, 8,000,000 shares authorized; 7,086,960 and 6,715,721 issued and outstanding as of June 30, 2026 and December 31, 2025, respectively; Liquidation preference of $35.4 million and $33.6 million as of June 30, 2026 and December 31, 2025, respectively)	1	1
Additional paid-in capital	57,324	55,767
Accumulated deficit	(42,259)	(44,239)
Accumulated other comprehensive income (loss)	(17)	387
Total equity attributable to common stockholders	15,059	11,926
Noncontrolling interest	14,847	11,895
Total equity	29,906	23,821
Total liabilities and equity	63,647	66,702
Class A Common Stock [Member]
Stockholders' equity
Common stock, value	5	4
Class B Common Stock [Member]
Stockholders' equity
Common stock, value	$ 5	$ 6