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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) and IF Bancorp, Inc. (IROQ). Click either name above to swap in a different company.

IF Bancorp, Inc. is the larger business by last-quarter revenue ($7.3M vs $6.6M, roughly 1.1× Falcon's Beyond Global, Inc.). IF Bancorp, Inc. runs the higher net margin — 18.1% vs -4.5%, a 22.6% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs 16.8%). IF Bancorp, Inc. produced more free cash flow last quarter ($1.7M vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs 16.5%).

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011. 500 Global has $2.3 billion in assets under management (AUM) as of March 2024.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

FBYD vs IROQ — Head-to-Head

Bigger by revenue
IROQ
IROQ
1.1× larger
IROQ
$7.3M
$6.6M
FBYD
Growing faster (revenue YoY)
FBYD
FBYD
+366.6% gap
FBYD
383.5%
16.8%
IROQ
Higher net margin
IROQ
IROQ
22.6% more per $
IROQ
18.1%
-4.5%
FBYD
More free cash flow
IROQ
IROQ
$6.1M more FCF
IROQ
$1.7M
$-4.3M
FBYD
Faster 2-yr revenue CAGR
FBYD
FBYD
Annualised
FBYD
108.4%
16.5%
IROQ

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
FBYD
FBYD
IROQ
IROQ
Revenue
$6.6M
$7.3M
Net Profit
$-296.0K
$1.3M
Gross Margin
Operating Margin
-30.9%
24.9%
Net Margin
-4.5%
18.1%
Revenue YoY
383.5%
16.8%
Net Profit YoY
97.5%
8.9%
EPS (diluted)
$-0.01
$0.41

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FBYD
FBYD
IROQ
IROQ
Q4 25
$6.6M
$7.3M
Q3 25
$4.1M
$7.3M
Q2 25
$2.5M
$6.9M
Q1 25
$1.7M
$6.4M
Q4 24
$1.4M
$6.3M
Q3 24
$2.1M
$6.2M
Q2 24
$1.8M
$5.7M
Q1 24
$1.5M
$5.4M
Net Profit
FBYD
FBYD
IROQ
IROQ
Q4 25
$-296.0K
$1.3M
Q3 25
$-10.4M
$1.4M
Q2 25
$25.1M
$1.4M
Q1 25
$-8.1M
$1.0M
Q4 24
$-11.9M
$1.2M
Q3 24
$39.3M
$633.0K
Q2 24
$8.0M
$431.0K
Q1 24
$114.0M
$708.0K
Operating Margin
FBYD
FBYD
IROQ
IROQ
Q4 25
-30.9%
24.9%
Q3 25
-90.9%
26.0%
Q2 25
-53.0%
29.1%
Q1 25
-371.1%
21.7%
Q4 24
-335.6%
26.8%
Q3 24
-118.9%
13.7%
Q2 24
-195.9%
9.3%
Q1 24
-350.5%
17.6%
Net Margin
FBYD
FBYD
IROQ
IROQ
Q4 25
-4.5%
18.1%
Q3 25
-256.8%
19.0%
Q2 25
985.2%
21.0%
Q1 25
-473.8%
15.8%
Q4 24
-871.7%
19.4%
Q3 24
1899.5%
10.2%
Q2 24
446.5%
7.6%
Q1 24
7521.4%
13.1%
EPS (diluted)
FBYD
FBYD
IROQ
IROQ
Q4 25
$-0.01
$0.41
Q3 25
$-0.13
$0.43
Q2 25
$0.30
$0.48
Q1 25
$-0.13
$0.31
Q4 24
$-0.25
$0.38
Q3 24
$0.39
$0.20
Q2 24
$0.00
$0.15
Q1 24
$1.27
$0.22

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FBYD
FBYD
IROQ
IROQ
Cash + ST InvestmentsLiquidity on hand
$1.9M
$8.8M
Total DebtLower is stronger
$15.6M
Stockholders' EquityBook value
$11.9M
$87.4M
Total Assets
$66.7M
$830.4M
Debt / EquityLower = less leverage
1.31×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBYD
FBYD
IROQ
IROQ
Q4 25
$1.9M
$8.8M
Q3 25
$4.3M
$8.0M
Q2 25
$26.1M
$20.1M
Q1 25
$1.1M
$8.9M
Q4 24
$825.0K
$5.9M
Q3 24
$828.0K
$7.8M
Q2 24
$1.7M
$9.6M
Q1 24
$1.1M
$16.1M
Total Debt
FBYD
FBYD
IROQ
IROQ
Q4 25
$15.6M
Q3 25
Q2 25
Q1 25
Q4 24
$41.2M
Q3 24
$10.3M
Q2 24
$15.7M
Q1 24
$15.1M
Stockholders' Equity
FBYD
FBYD
IROQ
IROQ
Q4 25
$11.9M
$87.4M
Q3 25
$9.2M
$84.5M
Q2 25
$414.0K
$81.8M
Q1 25
$-11.6M
$78.9M
Q4 24
$-9.0M
$75.9M
Q3 24
$-1.4M
$78.8M
Q2 24
$-44.7M
$73.9M
Q1 24
$-61.7M
$72.4M
Total Assets
FBYD
FBYD
IROQ
IROQ
Q4 25
$66.7M
$830.4M
Q3 25
$66.8M
$862.3M
Q2 25
$89.2M
$887.7M
Q1 25
$56.7M
$879.1M
Q4 24
$61.2M
$885.1M
Q3 24
$66.5M
$893.4M
Q2 24
$65.9M
$887.7M
Q1 24
$67.8M
$905.0M
Debt / Equity
FBYD
FBYD
IROQ
IROQ
Q4 25
1.31×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FBYD
FBYD
IROQ
IROQ
Operating Cash FlowLast quarter
$-4.3M
$1.8M
Free Cash FlowOCF − Capex
$-4.3M
$1.7M
FCF MarginFCF / Revenue
-66.0%
23.7%
Capex IntensityCapex / Revenue
0.3%
0.9%
Cash ConversionOCF / Net Profit
1.36×
TTM Free Cash FlowTrailing 4 quarters
$9.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBYD
FBYD
IROQ
IROQ
Q4 25
$-4.3M
$1.8M
Q3 25
$-13.3M
$-539.0K
Q2 25
$-7.9M
$6.8M
Q1 25
$945.0K
$1.8M
Q4 24
$-3.8M
$-155.0K
Q3 24
$-2.4M
$2.2M
Q2 24
$-2.6M
$2.3M
Q1 24
$-3.8M
$19.0K
Free Cash Flow
FBYD
FBYD
IROQ
IROQ
Q4 25
$-4.3M
$1.7M
Q3 25
$-13.4M
$-582.0K
Q2 25
$6.5M
Q1 25
$853.0K
$1.8M
Q4 24
$-3.8M
$-226.0K
Q3 24
$-2.4M
$2.1M
Q2 24
$-2.6M
$2.0M
Q1 24
$-3.8M
$-67.0K
FCF Margin
FBYD
FBYD
IROQ
IROQ
Q4 25
-66.0%
23.7%
Q3 25
-329.6%
-7.9%
Q2 25
95.1%
Q1 25
49.9%
28.2%
Q4 24
-278.7%
-3.6%
Q3 24
-114.9%
33.6%
Q2 24
-145.6%
35.7%
Q1 24
-248.8%
-1.2%
Capex Intensity
FBYD
FBYD
IROQ
IROQ
Q4 25
0.3%
0.9%
Q3 25
1.0%
0.6%
Q2 25
0.0%
3.5%
Q1 25
5.4%
0.4%
Q4 24
0.1%
1.1%
Q3 24
0.2%
1.2%
Q2 24
0.1%
4.3%
Q1 24
0.3%
1.6%
Cash Conversion
FBYD
FBYD
IROQ
IROQ
Q4 25
1.36×
Q3 25
-0.39×
Q2 25
-0.31×
4.69×
Q1 25
1.81×
Q4 24
-0.13×
Q3 24
-0.06×
3.42×
Q2 24
-0.33×
5.30×
Q1 24
-0.03×
0.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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