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Fundamental Global
(NASDAQ:FGNX)
Fundamental Global (FGNX) vs. SPDR S&P 500 ETF (SPY)
Fundamental Global Business Overview & Revenue Model
Fundamental Global Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -4.73M | 17.35M | 17.09M | 12.48M | 4.15M | -17.42M |
| Gross Profit | -10.45M | -8.14M | -4.38M | 1.82M | -1.60M | -17.42M |
| EBITDA | -5.32M | -21.81M | -11.94M | 1.09M | -7.33M | -23.12M |
| Net Income | -16.28M | -1.16M | -14.08M | 1.09M | -8.51M | -22.46M |
Balance Sheet | ||||||
| Total Assets | 244.74M | 109.47M | 62.14M | 71.75M | 75.81M | 55.50M |
| Cash, Cash Equivalents and Short-Term Investments | 7.50M | 13.56M | 16.55M | 3.79M | 8.73M | 4.43M |
| Total Debt | 1.92M | 3.74M | 9.46M | 8.77M | 7.29M | 9.84M |
| Total Liabilities | 13.72M | 35.27M | 25.14M | 25.05M | 23.53M | 28.43M |
| Stockholders Equity | 231.02M | 74.20M | 35.15M | 46.70M | 52.28M | 27.07M |
Cash Flow | ||||||
| Free Cash Flow | -5.71M | -4.09M | 1.42M | -11.10M | 512.00K | -11.30M |
| Operating Cash Flow | -5.72M | -4.05M | 1.58M | -11.02M | 2.04M | -11.28M |
| Investing Cash Flow | -153.45M | 13.24M | 92.00K | -3.45M | -1.15M | -1.16M |
| Financing Cash Flow | 161.43M | -7.38M | 1.24M | 1.94M | 3.25M | -3.94M |
Fundamental Global Technical Analysis
Fundamental Global Risk Analysis
Fundamental Global Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $1.06B | 8.73 | 18.68% | 4.18% | 0.76% | ― | |
74 Outperform | $677.83M | 11.37 | 10.19% | 2.12% | 12.30% | 55.85% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $930.91M | 2.75 | 82.04% | ― | ― | ― | |
59 Neutral | $2.80B | 66.76 | ― | ― | 24.81% | 55.93% | |
57 Neutral | $1.96B | ― | -0.57% | 2.44% | 11.71% | -101.08% | |
42 Neutral | $120.56M | 0.90 | -8.64% | ― | -68.66% | -857.71% |
Fundamental Global Corporate Events
On October 29, 2025, FG Nexus Inc. entered into a master digital currency loan agreement with an unnamed lender, allowing for loans in digital currency or cash, backed by collateral and subject to margin calls. The following day, they executed a loan term sheet for a $10 million loan with a 7.9% borrow fee, using staked ETH as collateral, which is evergreen and subject to specific terms in case of default.
The most recent analyst rating on (FGNX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
FG Nexus Inc. announced the sale of its FG Reinsurance Division to Devondale Holdings, led by Tom Heise, to sharpen its focus on Ethereum and reallocate resources towards ETH accumulation. The transaction, which includes cash, a promissory note, and equity ownership, is expected to enhance FG Nexus’s ETH treasury strategy while allowing Devondale to leverage blockchain technology for tokenizing reinsurance, thus positioning FG Reinsurance as a pioneer in tokenized reinsurance. The closing of the transaction is subject to regulatory approval and other conditions.
The most recent analyst rating on (FGNX) stock is a Hold with a $3.50 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On October 14, 2025, FG Nexus Inc. filed a resale registration statement to register 40,000,000 shares of its common stock, which are tied to pre-funded warrants from a recent $200 million private placement. As of that date, a significant portion of these warrants had not been exercised. Additionally, the company has sold over 2 million shares through its ongoing $5 billion At-the-Market offering, resulting in nearly 40 million shares of common stock issued and outstanding, with a free float of approximately 38.8 million shares after accounting for shares held by affiliates.
The most recent analyst rating on (FGNX) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On October 7, 2025, FG Nexus announced that its Certificate of Amendment to its amended and restated articles of incorporation was declared effective by the Nevada Secretary of State. This amendment significantly increases the company’s authorized shares to 1 trillion, consisting of 900 billion common shares and 100 billion preferred shares. This historic authorization, approved by a majority of shareholders, aims to provide FG Nexus with greater flexibility to increase ETH per share and deliver long-term shareholder value.
The most recent analyst rating on (FGNX) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On October 2, 2025, FG Nexus Inc. announced an agreement with Securitize to allow shareholders to tokenize the company’s common and preferred stock on the Ethereum blockchain. This initiative positions FG Nexus as one of the first NASDAQ-listed companies to offer such a program, potentially transforming equity markets by enabling real-time settlement and programmable ownership. The move is expected to enhance shareholder experience and maintain regulatory compliance, marking a significant step in the tokenization trend within financial markets.
The most recent analyst rating on (FGNX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 23, 2025, FG Nexus announced that it had reached a milestone of holding 50,000 ETH, valued at approximately $210 million. This achievement is part of the company’s strategic plan to become the largest institutional holder of Ethereum, reflecting its strong belief in ETH’s potential to transform global finance.
The most recent analyst rating on (FGNX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 19, 2025, FG Nexus Inc. announced an increase in its ETH holdings to 49,715 ETH, valued at approximately $229 million. This move is part of the company’s strategic plan to become the largest ETH holder in the Ethereum network, reflecting its commitment to leveraging Ethereum as a premier programmable asset for institutional reserves.
The most recent analyst rating on (FGNX) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 16, 2025, FG Nexus announced that its shareholders approved a significant increase in authorized shares to 1 trillion, comprising 900 billion common shares and 100 billion preferred shares. This move is expected to provide FG Nexus with maximum flexibility to execute its strategy of becoming the largest institutional holder of Ethereum. The authorization reflects shareholder confidence in the company’s Ethereum-focused strategy and is anticipated to enhance long-term shareholder value by allowing the company to adapt to market opportunities and growth initiatives.
The most recent analyst rating on (FGNX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 15, 2025, FG Nexus announced that the FG CVR Trust approved a $10 per share distribution payment to holders of contingent value rights (CVRs), with payments expected to commence on September 17, 2025. This marks the initial cash distribution from the CVR Trust, which plans to continue monetizing and distributing proceeds from its assets over the next three years, potentially impacting stakeholders by providing future distributions in cash or in-kind securities.
The most recent analyst rating on (FGNX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 5, 2025, FG Nexus Inc. announced a series of corporate amendments approved by its Board of Directors and stockholders. These amendments include a significant increase in authorized shares, a requirement for certain legal actions to be brought in Nevada, and changes to the company’s equity incentive plan. These actions aim to enhance the company’s governance and operational flexibility, although they will not take effect until specific conditions are met.
The most recent analyst rating on (FGNX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 9, 2025, FG Nexus Inc. announced a $200 million share repurchase program approved by its Board of Directors. This initiative reflects the company’s confidence in its long-term prospects and commitment to delivering shareholder value. The program allows for repurchases of common stock in the open market or through negotiated transactions, with no obligation to repurchase a specific number of shares. The timing and amount of repurchases will depend on various factors, including market conditions and the company’s financial performance.
The most recent analyst rating on (FGNX) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.
On September 5, 2025, FG Nexus Inc.’s Board of Directors approved a share repurchase program, allowing the company to buy back up to $200 million of its common stock. This move is aimed at utilizing the company’s surplus capital, potentially enhancing shareholder value and signaling confidence in the company’s future prospects.
The most recent analyst rating on (FGNX) stock is a Hold with a $27.00 price target. To see the full list of analyst forecasts on Fundamental Global stock, see the FGNX Stock Forecast page.