FG Nexus Inc.
For the period ended Dec 31, 2025. Filed Mar 27, 2026.
View on SEC.govAbout this filing
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 27, 2026
FGNXP$25.99+4.4%Stored close · as of Sep 25, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
($ in thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 · 2024 | |||
| Revenue: | |||
| ETH staking rewards | $1,475 | $ | - |
| Rental income | 415 | 704 | |
| Merchant banking advisory fees | 523 | 75 | |
| Total revenue | 2,413 | 779 | |
| Expenses: | |||
| General and administrative expenses | (14,506) | (9,395) | |
| Stock-based compensation | (7,760) | (1,618) | |
| Realized loss on digital assets | (5,815) | - | |
| Unrealized measurement of fair value of ETH digital assets | (38,327) | - | |
| Impairment and other | (5) | (1,475) | |
| Loss from operations | (64,000) | (11,709) | |
| Other income (expense): | |||
| Interest expense, net | (132) | (303) | |
| Loss on equity holdings | (5,503) | (14,675) | |
| Foreign currency transaction gain (loss) | 1,936 | (2) | |
| Bargain purchase on acquisition and other (expense) income, net | (8) | 2,320 | |
| Total other expense, net | (3,707) | (12,660) | |
| Loss from continuing operations before income taxes | (67,707) | (24,369) | |
| Income tax benefit | 73 | 92 | |
| Net loss from continuing operations | (67,634) | (24,277) | |
| Net income from discontinued operations (Note 7) | 892 | 22,962 | |
| Net loss | (66,742) | (1,315) | |
| Net loss attributable to non-controlling interest | - | (160) | |
| Discount on repurchase of Series A Preferred Shares | 16 | - | |
| Dividends declared on Series A Preferred Shares | (1,788) | (1,410) | |
| Net loss attributable to common shareholders | $(68,514) | $(2,565) | |
| Basic and diluted net (loss) income per common share: | |||
| Continuing operations | $(26.02) | $(120.98) | |
| Discontinued operations | 0.33 | 108.82 | |
| Total | $(25.69) | $(12.16) | |
| Weighted average common shares outstanding: | |||
| Basic and diluted | 2,667 | 211 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.