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Falcon's Beyond Global, Inc.

For the period ended Dec 31, 2024. Filed Apr 3, 2025.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 3, 2025

FBYD$6.85+1.1%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

For the fiscal year ended December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 001-41833

Falcon’s Beyond Global, Inc.

(Exact name of registrant as specified in its charter)

Delaware92-0261853
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
1768 Park Center DriveOrlando, FL32835
(Address of Principal Executive Offices)(Zip Code)

(407) 909-9350

Registrant’s telephone number, including area code

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchangeon which registered
Class A common stock, par value $0.0001 per shareFBYDThe Nasdaq Stock Market LLC
Warrants exchangeable for 0.25 shares of Class A common stock on October 6, 2028FBYDWThe Nasdaq Stock Market LLC

Securities registered pursuant to Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
Emerging growth company☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ No☒

The aggregate market value of voting and non-voting stock held by non-affiliates of the registrant as of June 30, 2024, the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $74.9 million, calculated by using the closing price of the registrant’s Class A common stock on such date on the Nasdaq Global Market of $10.46 per share.

As of April 3, 2025, there were 37,106,345 shares of the registrant’s Class A common stock, par value $0.0001 per share, and 83,815,937 shares of the registrant’s Class B common stock, par value $0.0001 per share, issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

The registrant intends to file a proxy statement pursuant to Regulation 14A within 120 days of the end of the fiscal year ended December 31, 2024. Portions of such proxy statement are incorporated by reference into Part III of this Annual Report on Form 10-K.

Falcon’s Beyond Global, Inc.

Table of Contents

Page
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND RISK FACTOR SUMMARYii
PART I
Item 1.Business1
Item 1A.Risk Factors14
Item 1B.Unresolved Staff Comments50
Item 1C.Cybersecurity50
Item 2.Properties51
Item 3.Legal Proceedings52
Item 4.Mine Safety Disclosures52
PART II
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities53
Item 6[Reserved]53
Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations54
Item 7A.Quantitative and Qualitative Disclosures About Market Risk72
Item 8.Financial Statements and Supplementary Data72
Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure72
Item 9A.Controls and Procedures72
Item 9B.Other Information74
Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.74
PART III
Item 10.Directors, Executive Officers and Corporate Governance75
Item 11.Executive Compensation75
Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters75
Item 13.Certain Relationships and Related Transactions, and Director Independence75
Item 14.Principal Accountant Fees and Services75
Part IV
Item 15.Exhibit and Financial Statement Schedules76
SIGNATURES77

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