Symbols / FGNX Stock $6.44 +1.74% FG Nexus Inc.

Financial Services • Asset Management • United States • NGM
FGNX (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Asset Management
CEO Mr. Daniel Kyle Cerminara C.F.A., CFA
Exch · Country NGM · United States
Market Cap 42.05M
Enterprise Value 52.09M
Income -69.41M
Sales 2.41M
FCF (ttm) -271.47M
Book/sh 17.13
Cash/sh 2.05
Employees 15
Insider 10d —
IPO Apr 01, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E -3.20
PEG —
P/S 17.43
P/B 0.38
P/C —
EV/EBITDA -0.82
EV/Sales 21.59
Quick Ratio 0.80
Current Ratio 8.79
Debt/Eq 1.34
LT Debt/Eq —
EPS (ttm) -26.02
EPS next Y -2.01
EPS Growth —
Revenue Growth 8.28%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-03-27
Earnings (prior) 2026-03-27
ROA -29.27%
ROE -62.14%
ROIC —
Gross Margin 100.00%
Oper. Margin -37.49%
Profit Margin 0.00%
Shs Outstand 6.43M
Shs Float 4.85M
Insider Own 15.73%
Instit Own 31.20%
Short Float 5.64%
Short Ratio 4.39
Short Interest 354.48K
52W High 206.25
vs 52W High -96.88%
52W Low 4.17
vs 52W Low 54.25%
Beta 1.23
Impl. Vol. 0.60%
Rel Volume 0.65
Avg Volume 77.78K
Volume 50.38K
Target (mean) $10.00
Tgt Median $10.00
Tgt Low $10.00
Tgt High $10.00
# Analysts 1
Recom None
Prev Close $6.33
Price $6.44
Change 1.74%
About

FG Nexus Inc. operates a digital asset treasury focused on Ethereum (ETH) and tokenization opportunities in the United States. It operates through two segments, Digital Assets and Merchant Banking. The company focuses on commercializing and expanding the tokenization of real-world assets, such as housing, reinsurance, real estate, and other asset classes. It also provides merchant banking services, including strategic, administrative, and regulatory support services to newly formed SPACs. In addition, the company engages in the manufactured housing communities; and casual restaurant platform businesses. Further, it holds real estate and equity holdings. The company was formerly known as Fundamental Global Inc. and changed its name to FG Nexus Inc. in September 2025. FG Nexus Inc. is based in Charlotte, North Carolina.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$10.00
Mean price target
2. Current target
$6.44
Latest analyst target
3. DCF / Fair value
$-759.74
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$6.44
Low
$10.00
High
$10.00
Mean
$10.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-31 main B. Riley Securities Buy → Buy $10
2026-02-23 main B. Riley Securities Buy → Buy $13
2025-11-20 main B. Riley Securities Buy → Buy $5
2025-11-11 init Litchfield Hills — → Buy $12
2025-10-16 init B. Riley Securities — → Buy $8
News
RSS: Latest FGNX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-03 WOLLNEY SCOTT D Director — 4,480 $0.00 $0
2026-02-03 ROSCHMAN ROBERT J Director — 3,478 $0.00 $0
2026-02-03 SUH NDAMUKONG Director — 3,478 $0.00 $0
2026-02-03 HAYES RITA Director — 3,612 $0.00 $0
2026-02-03 MITCHELL MICHAEL CLARK Director — 3,812 $0.00 $0
2026-02-03 GOVIGNON RICHARD EDWARD JR Director — 3,678 $0.00 $0
2026-02-03 CERMINARA KYLE D. Chief Executive Officer — 8,359 $0.00 $0
2025-12-11 WOLLNEY SCOTT D Director — 3,642 $0.00 $0
2025-12-11 ROSCHMAN ROBERT J Director — 2,826 $0.00 $0
2025-12-11 SUH NDAMUKONG Director — 2,826 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
2.41
+209.76%
0.78
-95.44%
17.09
+37.00%
12.48
Operating Revenue
2.41
+209.76%
0.78
-95.44%
17.09
+37.00%
12.48
Cost Of Revenue
—
25.49
+18.70%
21.48
—
Reconciled Cost Of Revenue
—
25.49
+18.70%
21.48
—
Gross Profit
—
-8.14
-85.83%
-4.38
—
Operating Expense
22.27
+102.18%
11.01
-7.52%
11.91
—
Selling General And Administration
22.27
+102.18%
11.01
-7.52%
11.91
+42.54%
8.35
Selling And Marketing Expense
—
1.28
+60.23%
0.80
—
General And Administrative Expense
22.27
+102.18%
11.01
-0.88%
11.11
+33.00%
8.35
Salaries And Wages
7.76
+379.60%
1.62
—
—
Other Gand A
14.51
+54.40%
9.39
-15.44%
11.11
+33.00%
8.35
Other Operating Expenses
—
15.53
+23.42%
12.58
—
Total Expenses
22.27
+102.18%
11.01
-67.01%
33.38
+193.12%
11.39
Operating Income
-19.85
-93.99%
-10.23
+37.18%
-16.29
—
Total Operating Income As Reported
-64.00
-446.59%
-11.71
+28.10%
-16.29
—
EBITDA
-67.27
-184.35%
-23.66
-98.07%
-11.94
—
Normalized EBITDA
-25.05
-2.25%
-24.50
-58.58%
-15.45
—
Reconciled Depreciation
0.30
-25.49%
0.41
-51.49%
0.84
—
EBIT
-67.58
-180.79%
-24.07
-88.24%
-12.79
—
Total Unusual Items
-42.22
-5108.19%
0.84
-75.96%
3.51
—
Total Unusual Items Excluding Goodwill
-42.22
-5108.19%
0.84
-75.96%
3.51
—
Special Income Charges
-0.01
-101.54%
0.84
-75.91%
3.51
—
Restructuring And Mergern Acquisition
0.01
+100.34%
-2.32
+33.75%
-3.50
—
Write Off
0.01
-99.66%
1.48
+29600.00%
-0.01
—
Net Income
-66.74
-5678.53%
-1.16
+91.80%
-14.08
-1393.84%
1.09
Pretax Income
-67.71
-177.84%
-24.37
-83.16%
-13.30
-1322.89%
1.09
Net Non Operating Interest Income Expense
-0.13
+56.44%
-0.30
+41.73%
-0.52
—
Interest Expense Non Operating
0.13
-56.44%
0.30
-41.73%
0.52
—
Net Interest Income
-0.13
+56.44%
-0.30
+41.73%
-0.52
—
Interest Expense
0.13
-56.44%
0.30
-41.73%
0.52
—
Interest Income
—
—
—
—
Other Income Expense
-47.72
-245.01%
-13.83
-494.52%
3.51
+995.63%
0.32
Gain On Sale Of Security
-42.21
-2110200.00%
-0.00
-100.00%
-0.00
—
Tax Provision
-0.07
+20.65%
-0.09
+90.78%
-1.00
—
Tax Rate For Calcs
0.00
-75.00%
0.00
-94.67%
0.00
-64.28%
0.00
Tax Effect Of Unusual Items
-0.04
-1352.05%
0.00
-98.72%
0.26
0.00
Net Income Including Noncontrolling Interests
-66.74
-4975.44%
-1.31
+91.02%
-14.64
-1445.68%
1.09
Net Income From Continuing Operation Net Minority Interest
-67.63
-180.44%
-24.12
-105.37%
-11.74
-1179.32%
1.09
Net Income From Continuing And Discontinued Operation
-66.74
-5678.53%
-1.16
+91.80%
-14.08
-1393.84%
1.09
Net Income Continuous Operations
-67.63
-178.59%
-24.28
-97.26%
-12.31
-1231.16%
1.09
Net Income Discontinuous Operations
0.89
-96.12%
22.96
+1083.80%
-2.33
0.00
Minority Interests
0.00
-100.00%
0.16
-71.63%
0.56
0.00
Normalized Income
-25.46
-2.01%
-24.96
-66.53%
-14.99
-1477.39%
1.09
Net Income Common Stockholders
-68.51
-2571.11%
-2.56
+81.78%
-14.08
-1908.13%
-0.70
Otherunder Preferred Stock Dividend
-0.02
0.00
—
—
Diluted EPS
-25.69
-111.44%
-12.15
+93.10%
-176.10
-1465.33%
-11.25
Basic EPS
-25.69
-111.44%
-12.15
+93.10%
-176.10
-1465.33%
-11.25
Basic Average Shares
2.67
+1162.78%
0.21
+164.00%
0.08
+24.53%
0.06
Diluted Average Shares
2.67
+1162.78%
0.21
+164.00%
0.08
+24.53%
0.06
Diluted NI Availto Com Stockholders
-68.51
-2571.11%
-2.56
+81.78%
-14.08
-1908.13%
-0.70
Earnings From Equity Interest
-5.50
+62.50%
-14.68
—
—
Loss Adjustment Expense
—
—
9.71
+29.78%
7.48
Net Policyholder Benefits And Claims
—
—
9.71
+29.78%
7.48
Preferred Stock Dividends
1.79
+26.81%
1.41
-21.05%
1.79
-0.17%
1.79
Line Item Trend 2025-12-31 2023-12-31 2022-12-31
Total Assets
163.84
+163.66%
62.14
+25.60%
49.48
Current Assets
27.28
-13.25%
31.44
—
Cash Cash Equivalents And Short Term Investments
13.39
-19.05%
16.55
+449.73%
3.01
Cash And Cash Equivalents
13.39
+123.44%
6.00
+99.17%
3.01
Other Short Term Investments
0.00
-100.00%
10.55
—
Receivables
—
3.53
-61.93%
9.27
Accounts Receivable
—
3.53
-61.93%
9.27
Taxes Receivable
—
—
—
Inventory
—
1.48
—
Raw Materials
—
0.00
—
Work In Process
—
0.01
—
Finished Goods
—
1.48
—
Assets Held For Sale Current
13.88
+40.43%
9.89
—
Total Non Current Assets
136.57
+344.85%
30.70
—
Net PPE
2.21
-82.67%
12.74
—
Gross PPE
—
14.49
—
Accumulated Depreciation
—
-1.75
—
Properties
—
0.00
—
Land And Improvements
—
2.34
—
Buildings And Improvements
—
9.47
—
Machinery Furniture Equipment
—
1.05
—
Other Properties
—
1.63
—
Investments And Advances
14.67
-16.02%
17.47
+1977.17%
0.84
Long Term Equity Investment
14.67
-16.02%
17.47
—
Other Non Current Assets
119.69
+24527.16%
0.49
—
Total Liabilities Net Minority Interest
20.35
-19.03%
25.14
+106.37%
12.18
Current Liabilities
16.69
+12.80%
14.79
—
Payables And Accrued Expenses
5.34
+10.43%
4.83
+568.60%
0.72
Payables
5.34
+10.43%
4.83
+568.60%
0.72
Accounts Payable
5.34
+10.43%
4.83
+568.60%
0.72
Current Debt And Capital Lease Obligation
1.92
-16.17%
2.29
—
Current Debt
1.92
-16.17%
2.29
—
Other Current Borrowings
1.92
-16.17%
2.29
—
Current Deferred Liabilities
—
0.87
—
Current Deferred Revenue
—
0.87
—
Other Current Liabilities
9.43
+38.65%
6.80
—
Total Non Current Liabilities Net Minority Interest
3.67
-64.56%
10.34
—
Long Term Debt And Capital Lease Obligation
—
7.17
—
Long Term Debt
—
5.46
—
Long Term Capital Lease Obligation
—
1.70
—
Non Current Deferred Liabilities
0.36
-88.13%
3.08
—
Non Current Deferred Revenue
—
0.87
—
Non Current Deferred Taxes Liabilities
0.36
-88.13%
3.08
—
Other Non Current Liabilities
3.30
+3135.29%
0.10
—
Stockholders Equity
143.49
+308.24%
35.15
-5.75%
37.30
Common Stock Equity
121.27
+245.01%
35.15
+135.43%
14.93
Capital Stock
22.29
+9808.00%
0.23
-98.99%
22.37
Common Stock
0.07
-68.89%
0.23
+2400.00%
0.01
Preferred Stock
22.22
0.00
-100.00%
22.36
Share Issued
8.70
+10198.20%
0.08
+12.20%
0.08
Ordinary Shares Number
7.08
+8282.46%
0.08
+12.20%
0.08
Treasury Shares Number
1.62
0.00
0.00
Additional Paid In Capital
216.68
+287.93%
55.86
+11.67%
50.02
Retained Earnings
-68.74
-3042.77%
2.34
+106.66%
-35.10
Gains Losses Not Affecting Retained Earnings
-0.61
+87.01%
-4.68
—
Treasury Stock
26.13
+40.61%
18.59
—
Minority Interest
0.00
-100.00%
1.86
—
Other Equity Adjustments
-0.61
+87.01%
-4.68
—
Total Equity Gross Minority Interest
143.49
+287.74%
37.01
-0.77%
37.30
Total Capitalization
143.49
+253.34%
40.61
+8.89%
37.30
Working Capital
10.59
-36.40%
16.65
—
Invested Capital
123.19
+187.13%
42.90
+187.37%
14.93
Total Debt
1.92
-79.67%
9.46
—
Net Debt
—
1.76
—
Capital Lease Obligations
—
1.70
—
Net Tangible Assets
143.49
+308.24%
35.15
-5.75%
37.30
Tangible Book Value
121.27
+245.01%
35.15
+135.43%
14.93
Current Deferred Taxes Liabilities
—
3.08
—
Investments In Other Ventures Under Equity Method
—
—
—
Line Of Credit
0.00
0.00
—
Preferred Shares Number
—
0.89
+0.00%
0.89
Preferred Stock Equity
22.22
-0.63%
22.36
+0.00%
22.36
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-6.25
-47.44%
-4.24
-368.46%
1.58
+114.33%
-11.02
Cash Flow From Continuing Operating Activities
-6.66
-69.11%
-3.94
-349.53%
1.58
+114.33%
-11.02
Cash From Discontinued Operating Activities
0.41
+238.13%
-0.30
+78.99%
-1.42
—
Net Income From Continuing Operations
-67.63
-178.59%
-24.28
-97.26%
-12.31
-1231.16%
1.09
Depreciation Amortization Depletion
0.30
-25.49%
0.41
-51.49%
0.84
—
Depreciation And Amortization
0.30
-25.49%
0.41
-51.49%
0.84
—
Other Non Cash Items
-1.54
+31.30%
-2.25
-1727.54%
0.14
—
Stock Based Compensation
7.76
+379.43%
1.62
+0.87%
1.60
+529.41%
0.26
Provisionand Write Offof Assets
—
0.07
+355.56%
-0.03
—
Asset Impairment Charge
0.00
-100.00%
1.42
0.00
—
Deferred Tax
-2.06
-222.22%
-0.64
+31.51%
-0.93
—
Deferred Income Tax
-2.06
-222.22%
-0.64
+31.51%
-0.93
—
Operating Gains Losses
12.24
-20.76%
15.45
+63.66%
9.44
+52.74%
6.18
Gain Loss On Investment Securities
5.82
—
0.00
-99.99%
13.80
Unrealized Gain Loss On Investment Securities
38.33
0.00
+100.00%
-3.06
+76.52%
-13.03
Gain Loss On Sale Of PPE
0.01
0.00
—
—
Change In Working Capital
5.94
+37.28%
4.33
+53.22%
2.82
+151.18%
-5.52
Change In Receivables
—
0.18
-90.28%
1.83
+133.81%
-5.42
Changes In Account Receivables
—
0.18
-90.28%
1.83
+133.81%
-5.42
Change In Inventory
—
-0.02
-104.83%
0.39
—
Change In Payables And Accrued Expense
5.77
+79.70%
3.21
+293.15%
0.82
+733.33%
-0.13
Change In Payable
—
—
-0.20
-51.94%
-0.13
Change In Account Payable
—
—
-0.20
-51.94%
-0.13
Change In Other Working Capital
-0.15
-355.17%
0.06
+113.06%
-0.44
—
Change In Other Current Assets
0.32
-70.74%
1.08
+185.71%
0.38
+231.58%
0.11
Change In Other Current Liabilities
0.00
+100.00%
-0.02
+84.77%
-0.15
—
Investing Cash Flow
-122.56
-1032.12%
13.15
+14191.30%
0.09
+102.66%
-3.45
Cash Flow From Continuing Investing Activities
-128.15
-1064.38%
13.29
+14343.48%
0.09
+102.66%
-3.45
Cash From Discontinued Investing Activities
5.59
+4094.29%
-0.14
+82.21%
-0.79
—
Net PPE Purchase And Sale
0.00
-100.00%
6.16
0.00
+100.00%
-0.08
Purchase Of PPE
—
—
0.00
+100.00%
-0.08
Sale Of PPE
0.00
-100.00%
6.16
0.00
—
Capital Expenditure
—
-0.05
+71.95%
-0.16
-102.47%
-0.08
Capital Expenditure Reported
—
-0.05
+71.95%
-0.16
—
Net Investment Purchase And Sale
9.83
+95.72%
5.02
+2435.86%
0.20
-78.66%
0.93
Purchase Of Investment
-0.89
0.00
+100.00%
-0.95
0.00
Sale Of Investment
10.71
+113.38%
5.02
+2435.86%
0.20
-78.66%
0.93
Net Business Purchase And Sale
-137.98
-7350.50%
1.90
+3181.03%
0.06
+100.66%
-8.84
Purchase Of Business
-137.98
0.00
+100.00%
-0.49
+94.40%
-8.84
Gain Loss On Sale Of Business
-1.06
-245.10%
-0.31
-30500.00%
-0.00
—
Net Other Investing Changes
0.00
-98.52%
0.20
—
—
Financing Cash Flow
135.61
+2077.46%
-6.86
-653.06%
1.24
-36.18%
1.94
Cash Flow From Continuing Financing Activities
136.02
+2083.98%
-6.86
-652.90%
1.24
-36.18%
1.94
Net Issuance Payments Of Debt
-0.25
+95.45%
-5.42
-423.65%
-1.04
—
Issuance Of Debt
0.00
-100.00%
0.10
0.00
—
Repayment Of Debt
-0.25
+95.53%
-5.52
-433.01%
-1.04
—
Long Term Debt Issuance
0.00
-100.00%
0.10
0.00
—
Long Term Debt Payments
0.00
+100.00%
-4.92
-1184.33%
-0.38
—
Net Long Term Debt Issuance
0.00
+100.00%
-4.82
-1159.01%
-0.38
—
Short Term Debt Payments
-0.25
+59.04%
-0.60
+7.66%
-0.65
—
Net Short Term Debt Issuance
-0.25
+59.04%
-0.60
+7.66%
-0.65
—
Net Common Stock Issuance
142.49
0.00
-100.00%
2.41
-35.40%
3.73
Common Stock Payments
-26.13
0.00
—
—
Cash Dividends Paid
-1.79
-26.81%
-1.41
0.00
+100.00%
-1.79
Repurchase Of Capital Stock
-26.26
0.00
—
—
Net Other Financing Charges
-4.30
-20395.24%
-0.02
+84.44%
-0.14
—
Changes In Cash
6.81
+231.98%
2.05
-29.54%
2.91
+123.23%
-12.53
Effect Of Exchange Rate Changes
0.02
+151.06%
-0.05
-323.81%
0.02
—
Beginning Cash Position
6.56
+43.97%
4.56
+48.81%
3.06
-80.29%
15.54
End Cash Position
13.39
+104.13%
6.56
+9.46%
6.00
+99.17%
3.01
Free Cash Flow
-6.25
-47.44%
-4.24
-399.58%
1.42
+112.74%
-11.10
Common Stock Issuance
168.62
0.00
-100.00%
2.41
-35.40%
3.73
Dividends Received CFI
—
—
0.76
-83.19%
4.54
Earnings Losses From Equity Investments
7.48
-52.54%
15.75
+66.92%
9.44
+223.88%
-7.62
Issuance Of Capital Stock
168.62
0.00
-100.00%
2.41
-35.40%
3.73
Net Preferred Stock Issuance
-0.13
0.00
—
0.00
Preferred Stock Dividend Paid
-1.79
-26.81%
-1.41
0.00
+100.00%
-1.79
Preferred Stock Issuance
—
—
—
0.00
Preferred Stock Payments
-0.13
0.00
—
—
Sale Of Business
0.00
-100.00%
1.90
+3181.03%
0.06
—
Cash Flow From Discontinued Operation
—
0.23
+249.25%
0.07
—
Cash From Discontinued Financing Activities
-0.41
-20300.00%
-0.00
-100.09%
2.14
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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