Falcon's Beyond Global, Inc. (FBYD) AI Stock Analysis
FBYD AI stock analysis summary
AI ResearchFalcon's Beyond Global, Inc. (NASDAQ: FBYD) operates and develops themed entertainment venues, hotels, resorts, and proprietary intellectual property. Trailing twelve months revenue reached $21.6M, but the company posted an operating margin of -75.9% and an operating cash flow of -$24.6M in FY2025. With a current ratio of 0.66, liquidity remains a primary factor for investors monitoring the company.
- Market cap
- $403.2M
- Revenue (TTM)
- $21.6M
- P/E
- —
- 1Y return
- -20.5% S&P 500 16.8%
- Avg. target
- —
Bull case
- Revenue grew 120.8% in FY2025 to $14.9M and continued its expansion with 120.4% year-over-year revenue growth in the quarter ended June 30, 2026.
- Gross margin reached 73.5% in FY2025, supporting positive net income of $3.4M for the fiscal year.
- The 5-year revenue compound annual growth rate stood at 270.0% between FY2020 and FY2025.
Bear case
- Free cash flow has remained negative across all five reported fiscal years, reaching -$24.8M in FY2025.
- Cash and short-term investments of $3.1M remain well below total debt of $18.6M as of June 30, 2026.
- The stock's price-to-sales ratio of 18.6x represents a steep premium to the 1.5x median of its US-listed Industrials peers.
What Falcon's Beyond Global does
Falcon's Beyond Global, Inc. is an entertainment company that develops, owns, and operates a portfolio of hotels, theme parks, and retail, dining, and entertainment venues. The company delivers immersive entertainment experiences through master planning, media and audio production, project management, and the development of experiential technologies and attraction hardware. In addition to themed entertainment resorts, Falcon's Beyond Global specializes in the production, development, and licensing of proprietary narrative and story-driven intellectual property, while also collaborating with third-party brands across varied media and consumer products channels.
Growth and profitability
Revenue has shown substantial volatility, rising from $6.1M in FY2021 to $18.2M in FY2023, before declining 63.0% to $6.7M in FY2024. In FY2025, revenue rebounded by 120.8% to $14.9M, contributing to a 5-year revenue CAGR of 270.0% from FY2020 to FY2025. Operating margins have remained deeply negative across all reported annual periods, registering at -101.4% in FY2025 and -75.9% over the trailing twelve months. Net income stood at $3.4M in FY2025, down from $22.1M in FY2024. For the latest quarter ended June 30, 2026, quarterly revenue growth expanded by 120.4% year-over-year, while quarterly earnings growth increased by 5924.4%.
Balance sheet and cash flow
As of June 30, 2026, Falcon's Beyond Global held $3.1M in cash and short-term investments against $18.6M in total debt, resulting in net debt of $15.5M. Total assets stood at $63.6M against shareholders' equity of $15.1M, yielding a debt-to-equity ratio of 1.24 and a current ratio of 0.66. Operating cash flow was -$24.6M in FY2025, with free cash flow at -$24.8M. Capital expenditures were $153,000 in FY2025, while the share count increased by 77.5% over 5 years.
Valuation and performance
At a last close of $8.32 on October 16, 2026, Falcon's Beyond Global traded at an enterprise value of $339.3M and a market capitalization of $403.2M. The stock trades at a price-to-sales multiple of 18.6x, well above the 1.5x median of its US-listed Industrials peers. Its EV/EBITDA multiple of 21.9x also trades at a premium to the peer median of 13.9x. The stock has delivered a 1-year return of -20.5% and a year-to-date return of -44.6%, lagging the S&P 500 (SPY) 1-year return of 16.8%.
What analysts expect
Falcon's Beyond Global is scheduled to announce its next earnings on November 13, 2026. The company does not currently have published consensus analyst rating counts or formal price targets. Over recent annual periods, diluted earnings per share were -$0.49 in FY2023, $1.93 in FY2024, and $0.03 in FY2025, while trailing twelve months EPS was -$0.10. For the quarter ended June 30, 2026, quarterly earnings growth increased 5924.4% year-over-year.
Key risks and what to watch
- A current ratio of 0.66 indicates that short-term obligations exceed liquid assets as of June 30, 2026.
- Dilution has been elevated, with the 5-year share count expanding by 77.5%.
- Operating margin remained negative at -75.9% over the trailing twelve months and -101.4% in FY2025.
- The stock has declined 44.6% year-to-date and sits 20.5% below its 200-day moving average.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this FBYD AI stock analysis
This page is an AI-written research summary of Falcon's Beyond Global, Inc. (FBYD). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: FBYD income statement, FBYD balance sheet, FBYD key metrics, FBYD chart. See the FBYD stock overview for the latest quote and news.
FBYD AI stock analysis FAQ
What does Falcon's Beyond Global, Inc. do?
Falcon's Beyond Global develops, owns, and operates themed entertainment resorts, hotels, theme parks, and entertainment venues, while also developing and licensing proprietary story-driven intellectual property.
When is the next earnings date for FBYD?
The company's next earnings report is scheduled for November 13, 2026.
Does FBYD pay a dividend?
Falcon's Beyond Global does not pay a dividend.
How much debt does Falcon's Beyond Global have?
As of June 30, 2026, the company reported total debt of $18.6M and cash and short-term investments of $3.1M, resulting in net debt of $15.5M.
What is Falcon's Beyond Global's valuation relative to peers?
FBYD trades at a price-to-sales multiple of 18.6x and an EV/EBITDA multiple of 21.9x, compared to medians of 1.5x and 13.9x, respectively, for its US-listed Industrials peers.