Falcon's Beyond Global, Inc.
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
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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.
FY2025 · Filed Mar 30, 2026
FBYD$6.65-2.6%Stored close · as of Nov 10, 2026
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Item 15. Exhibit and Financial Statement Schedules
Exhibit and Financial Statement Schedules.
(a)
Financial Statements and Schedules
(1)
The following financial statements of Falcon’s Beyond Global, Inc. and Falcon’s Creative Group, LLC, as applicable, supplemental information, and reports of independent registered public accounting firms are included in this Annual Report:
Audited Consolidated Financial Statements of Falcon’s Beyond Global, Inc.
| Page | |
| Reports of Independent Registered Public Accounting Firms (KPMG LLP, Orlando, FL PCAOB ID: #185) (Deloitte & Touche LLP, Tampa, FL, PCAOB ID: #34) | F-3 |
|---|---|
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | F-4 |
| Consolidated Statements of Operations and Comprehensive Income for the years ended December 31, 2025 and 2024 | F-5 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2025 and 2024 | F-6 |
| Consolidated Statements of Stockholders’ Equity (Deficit)/Members’ Equity for the years ended December 31, 2025 and 2024 | F-8 |
| Notes to the Consolidated Financial Statements | F-9 |
Audited Consolidated Financial Statements of Falcon’s Creative Group, LLC
| Page | |
| Independent Auditors’ Report (KPMG LLP, Orlando, FL PCAOB ID: #185) (Deloitte & Touche LLP, Tampa, FL, PCAOB ID: #34) | F-42 |
|---|---|
| Consolidated Balance Sheet as of December 31, 2025 and 2024 | F-44 |
| Consolidated Statements of Operations for the year ended December 31, 2025 and 2024 | F-45 |
| Consolidated Statements of Cash Flows for the year ended December 31, 2025 and 2024 | F-46 |
| Consolidated Statements of Members’ Equity for the year ended December 31, 2025 and 2024 | F-47 |
| Notes to the Consolidated Financial Statements | F-48 |
(2)
List of financial statement schedules:
All schedules have been omitted because they are not required, not applicable, or the information is otherwise included.
(b)
Exhibits:
The following exhibits are filed or furnished as an exhibit to this Annual Report.
| Exhibit Number | Description |
| 2.1† | Composite Amended and Restated Agreement and Plan of Merger, dated January 31, 2023, as amended on June 25, 2023, July 7, 2023 and September 1, 2023, by and among FAST Acquisition Corp. II, Falcon’s Beyond Global, LLC, Falcon’s Beyond Global, Inc. and Palm Merger Sub, LLC (incorporated herein by reference to Exhibit 2.1 to Amendment No. 4 to the Registration Statement on Form S-4 (File No. 333-269778) filed September 1, 2023). |
| 3.1 | Amended and Restated Certificate of Incorporation of Falcon’s Beyond Global, Inc. (incorporated by reference to Exhibit 3.1 to Falcon Beyond Global Inc.'s Current Report on Form 8-K filed October 12, 2023). |
| 3.2 | Amended and Restated By-Laws of Falcon’s Beyond Global, Inc. (incorporated by reference to Exhibit 3.2 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 3.3 | Certificate of Designation of 11% Series B Cumulative Convertible Preferred Stock (incorporated by reference to Exhibit 10.1 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed September 12, 2025). |
| 4.1 | Specimen Class A Common Stock Certificate of Falcon’s Beyond Global, Inc. (incorporated by reference to Exhibit 4.1 to Amendment No. 2 to the Registration Statement on Form S-4 (File No. 333-269778) filed June 28, 2023). |
| 4.2 | Second Amended and Restated Warrant Agreement, dated November 3, 2023, by and between Falcon’s Beyond Global, Inc. and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 4.1 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed November 7, 2023). |
| 4.3 | Amendment to Second Amended and Restated Warrant Agreement, dated November 15, 2024 between Falcon’s Beyond Global, Inc. and Continental Stock Transfer & Trust Company (incorporated by reference to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on November 20, 2024). |
| Exhibit Number | Description |
| 4.4 | Description of Securities (incorporated by reference to Exhibit 4.4 to Falcon's Beyond Global, Inc.'s Annual Report on Form 10-K filed on April 3, 2025). |
| 10.1 | Tax Receivable Agreement, dated October 6, 2023, by and among Falcon’s Beyond Global, Inc., Falcon’s Beyond Global LLC, the TRA Holder Representative, the TRA Holders and other persons from time to time party thereto (incorporated by reference to Exhibit 10.1 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.2 | Amendment to the Tax Receivable Agreement, dated October 24, 2024, by and among Falcon’s Beyond Global, Inc., Falcon’s Beyond Global LLC, the TRA Holder Representative, the TRA Holders and other persons from time-to-time party thereto (incorporated by reference to Falcon’s Beyond Global, Inc.’s Quarterly Report on Form 10-Q filed on November 14, 2024). |
| 10.3 | A&R Operating Agreement of Falcon’s Beyond Global, LLC, dated October 6, 2023 by and between Falcon’s Beyond Global, Inc. and each member of Falcon’s Beyond Global, LLC (incorporated by reference to Exhibit 10.2 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.4+ | Form of Indemnification Agreement between Falcon’s Beyond Global, Inc. and each of its officers and directors(incorporated by reference to Exhibit 10.3 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.5 | Amended and Restated Sponsor Lock-Up Agreement, dated January 31, 2023, by and among Falcon’s Beyond Global, LLC, FAST Sponsor II LLC, and the Securityholders (incorporated by reference to Exhibit 10.4 to the Registration Statement on Form S-4 (File No. 333-269778) filed February 14, 2023). |
| 10.6 | Registration Rights Agreement, dated October 5, 2023, by and among Falcon’s Beyond Global, Inc. and each of the stockholders of Falcon’s Beyond Global, Inc. identified on the signature pages thereto (incorporated by reference to Exhibit 10.9 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.7† | Earnout Escrow Agreement, dated October 6, 2023, by and among Falcon’s Beyond Global, Inc., Falcon’s Beyond Global, LLC and each of the persons receiving Earnout Shares and Earnout Units identified on the signature pages thereto (incorporated by reference to Exhibit 10.10 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.8 | Form of Stockholder’s Agreement between Falcon’s Beyond Global, Inc. and each of the persons receiving Earnout Shares and Earnout Units (incorporated by reference to Exhibit 10.11 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.9+ | Falcon’s Beyond Global, Inc. 2023 Incentive Plan (incorporated by reference to Exhibit 10.12 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed October 12, 2023). |
| 10.10† | Joint Venture and Shareholders Agreement, dated December 13, 2012, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.8 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.11† | First Amendment to Joint Venture and Shareholders Agreement, dated June 28, 2013, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.9 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.12† | Second Amendment to Joint Venture and Shareholders Agreement, dated January 29, 2014, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.10 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.13 | Third Amendment to Joint Venture and Shareholders Agreement, dated May 10, 2014, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.11 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.14 | Fourth Amendment to Joint Venture and Shareholders Agreement, dated November 25, 2015, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.12 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.15 | Fifth Amendment to Joint Venture and Shareholders Agreement, dated July 15, 2016, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.13 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.16 | Sixth Amendment to Joint Venture and Shareholders Agreement, dated December 12, 2016, by and among Katmandu Collections, LLLP, Producciones de Parques, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.14 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.17† | Joint Venture and Shareholders Agreement, dated June 26, 2019, by and between Fun Stuff, S.L. and Meliá Hotels International, S.A. (incorporated by reference to Exhibit 10.15 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.18 | Subscription Agreement, dated as of May 10, 2023, by and between Falcon’s Beyond Global, LLC and Infinite Acquisitions, LLLP (incorporated by reference to Exhibit 10.16 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| Exhibit Number | Description |
| 10.19 | First Amendment to Subscription Agreement, dated as of June 23, 2023, by and between Falcon’s Beyond Global, LLC and Infinite Acquisitions LLLP (incorporated by reference to Exhibit 10.22 to Amendment No. 2 to the Registration Statement on Form S-4 (File No. 333-269778) filed June 28, 2023). |
| 10.20† | Leisure and Entertainment Services Agreement, dated December 13, 2012, by and between Katmandu Collections, LLLP and Producciones de Parques, S.L. (incorporated by reference to Exhibit 10.17 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.21† | Leisure and Commercial Services Agreement, dated June 26, 2019, by and between Katmandu Collections, LLLP and Sierra Parima, S.A. (incorporated by reference to Exhibit 10.18 to Amendment No. 1 to the Registration Statement on Form S-4 (File No. 333-269778) filed May 15, 2023). |
| 10.25† | Subscription Agreement, dated as of July 27, 2023, by and between Falcon’s Beyond Global, LLC and QIC Delaware, Inc. (incorporated by reference to Exhibit 10.27 to Amendment No. 3 to the Registration Statement on Form S-4 (File No. 333-269778) filed August 14, 2023). |
| 10.26† | Third Amended and Restated Limited Liability Company Agreement of Falcon’s Creative Group, LLC, by and between Qiddiya Investment Company and Falcon’s Beyond Global, LLC (incorporated by reference to Exhibit 10.28 to Amendment No. 5 to the Registration Statement on Form S-4 (File No. 333-269778) filed September 5, 2023). |
| 10.27+ | Falcon’s Beyond Global, LLC Long-Term Incentive Plan (incorporated by reference to Exhibit 10.31 to Falcon’s Beyond Global, Inc.’s Annual Report on Form 10-K filed on April 29, 2024). |
| 10.28 | Amendment No. 1 to the Third Amended and Restated Limited Liability Company Agreement of Falcon’s Creative Group, LLC, by and between QIC Delaware, Inc. and Falcon’s Beyond Global, LLC (incorporated by reference to Exhibit 10.32 to Falcon’s Beyond Global, Inc.’s Annual Report on Form 10-K filed on April 29, 2024). |
| 10.29 | Loan Agreement, dated as of April 9, 2024, entered into by and among Falcon’s Beyond Global, LLC and Katmandu Ventures, LLC (incorporated by reference to Exhibit 10.1 to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on April 15, 2024). |
| 10.30 | First Amendment to Loan Agreement, dated June 14, 2024, by and among Falcon’s Beyond Global LLC and Katmandu Ventures LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Quarterly Report on Form 10-Q filed on August 13, 2024). |
| 10.31 | Second Amendment to Katmandu Loan Agreement, dated as of October 18, 2024, by and among Falcon’s Beyond Global LLC, Katmandu Ventures, LLC and FAST Sponsor II LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Quarterly Report on Form 10-Q filed on November 14, 2024). |
| 10.32 | Third Amendment to Katmandu Loan Agreement, dated as of November 27, 2024, by and among Falcon’s Beyond Global LLC, Katmandu Ventures, LLC and FAST Sponsor II LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on November 27, 2024). |
| 10.33 | Loan Agreement, dated as of April 9, 2024, entered into by and among Falcon’s Beyond Global, LLC and Universal Kat Holdings, LLC (incorporated by reference to Exhibit 10.2 to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on April 15, 2024). |
| 10.34 | First Amendment to Loan Agreement, dated June 14, 2024, by and among Falcon’s Beyond Global LLC and Universal Kat Holdings, LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Quarterly Report on Form 10-Q filed on August 13, 2024). |
| 10.35 | Second Amendment to Loan Agreement, dated as of October 18, 2024, by and among Falcon’s Beyond Global LLC, Universal Kat Holdings, LLC and FAST Sponsor II LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Quarterly Report on Form 10-Q filed on November 14, 2024). |
| 10.36 | Third Amendment to Loan Agreement, dated as of November 27, 2024, by and among Falcon’s Beyond Global LLC, Universal Kat Holdings, LLC and FAST Sponsor II LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on November 27, 2024). |
| 10.37 | Amended and Restated Credit Agreement, between Falcon’s Beyond Global, LLC and Infinite Acquisitions Partners LLC, effective as of September 30, 2024 (incorporated by reference to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on October 24, 2024). |
| 10.38 | First Amended and Restated Credit Agreement, between Falcon’s Beyond Global, LLC and Infinite Acquisitions Partners LLC, effective as of November 10, 2025 (incorporated by reference to Falcon’s Beyond Global Inc.’s Current Report on Form 8-K filed on November 14, 2025). |
| 10.39 | Revolving Credit Agreement, between Falcon’s Attractions, LLC and Infinite Acquisitions Partners LLC, effective November 10, 2025 (incorporated by reference to Falcon’s Beyond Global Inc.’s Current Report on Form 8-K filed on November 14, 2025). |
| 10.40 | Fourth Amendment to Katmandu Loan Agreement, dated as of April 16, 2025, entered into by and among Falcon’s Beyond Global, LLC, Katmandu Ventures, LLC and FAST Sponsor II LLC. (incorporated by reference to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on April 22, 2025). |
| Exhibit Number | Description |
| 10.41 | Fourth Amendment to Universal Kat Loan Agreement, dated as of April 16, 2025, entered into by and among Falcon’s Beyond Global, LLC, Universal Kat Holdings, LLC and FAST Sponsor II LLC (incorporated by reference to Falcon’s Beyond Global, Inc.’s Current Report on Form 8-K filed on April 22, 2025). |
| 10.42 | Separation Agreement and General Release, by and between Falcon's Beyond Global, Inc. and Simon Philips, dated August 28, 2025 (incorporated by reference to Exhibit 10.1 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed August 29, 2025). |
| 10.43 | Form of Subscription Agreement (incorporated by reference to Exhibit 10.1 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed September 12, 2025). |
| 10.44 | Debt Exchange Agreement, dated September 8, 2025, by and between Falcon's Beyond Global, Inc. and Infinite Acquisitions Partners, LLC (incorporated by reference to Exhibit 10.1 to Falcon Beyond Global Inc.’s Current Report on Form 8-K filed September 12, 2025). |
| 19.1 | Insider Trading Compliance Policy (incorporated by reference to Exhibit 19.1 to Falcon's Beyond Global, Inc.'s Annual Report on Form 10-K filed on April 3, 2025). |
| 21.1 | List of Subsidiaries of Falcon’s Beyond Global, Inc. (incorporated by reference to Exhibit 21.1 to the Registration Statement on Form S-1 (File No. 333-275243) filed November 1, 2023.) |
| 23.1* | Consent of Deloitte & Touche LLP. |
| 23.2* | Consent of Deloitte & Touche LLP. |
| 23.3* | Consent of KPMG LLP. |
| 23.4* | Consent of KPMG LLP. |
| 31.1* | Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 31.2* | Certification of Chief Financial Officer (Principal Financial and Accounting Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
| 32.1** | Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 32.2** | Certification of Chief Financial Officer (Principal Financial and Accounting Officer) Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| 97.1 | Clawback Policy of Falcon’s Beyond Global, Inc. (incorporated by reference to Exhibit 97.1 to Falcon’s Beyond Global, Inc.’s Annual Report on Form 10-K filed on April 29, 2024). |
| 101.INS* | Inline XBRL Instance Document. |
| 101.SCH* | Inline XBRL Taxonomy Extension Schema Document With Embedded Linkbase Documents. |
| 104* | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) |
† Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Company agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request.
- Denotes management contract or compensatory plan or arrangement.
Certain identified information has been omitted pursuant to Item 601(b)(10) of Regulation S-K because such information is both (i) not material and (ii) would likely cause competitive harm to the Registrant if publicly disclosed. The Registrant hereby undertakes to furnish supplemental copies of the unredacted exhibit upon request by the Securities and Exchange Commission.
- Filed herewith.
** Furnished herewith.
Item
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