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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $6.6M, roughly 1.9× Falcon's Beyond Global, Inc.). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -40.2%, a 35.7% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs -21.1%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs -14.4%).
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.
FBYD vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $12.8M |
| Net Profit | $-296.0K | $-5.1M |
| Gross Margin | — | 14.3% |
| Operating Margin | -30.9% | -28.9% |
| Net Margin | -4.5% | -40.2% |
| Revenue YoY | 383.5% | -21.1% |
| Net Profit YoY | 97.5% | -70.6% |
| EPS (diluted) | $-0.01 | — |
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.
| Q4 25 | $6.6M | $12.8M | ||
| Q3 25 | $4.1M | $13.8M | ||
| Q2 25 | $2.5M | $13.2M | ||
| Q1 25 | $1.7M | $14.5M | ||
| Q4 24 | $1.4M | $16.2M | ||
| Q3 24 | $2.1M | $15.4M | ||
| Q2 24 | $1.8M | $17.0M | ||
| Q1 24 | $1.5M | $17.5M |
| Q4 25 | $-296.0K | $-5.1M | ||
| Q3 25 | $-10.4M | $-2.2M | ||
| Q2 25 | $25.1M | $-1.8M | ||
| Q1 25 | $-8.1M | $-1.3M | ||
| Q4 24 | $-11.9M | $-3.0M | ||
| Q3 24 | $39.3M | $-4.2M | ||
| Q2 24 | $8.0M | $-5.3M | ||
| Q1 24 | $114.0M | $-1.5M |
| Q4 25 | — | 14.3% | ||
| Q3 25 | — | 19.9% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | — | 23.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | -30.9% | -28.9% | ||
| Q3 25 | -90.9% | -14.5% | ||
| Q2 25 | -53.0% | -13.8% | ||
| Q1 25 | -371.1% | -10.2% | ||
| Q4 24 | -335.6% | -14.1% | ||
| Q3 24 | -118.9% | -52.1% | ||
| Q2 24 | -195.9% | -64.1% | ||
| Q1 24 | -350.5% | -10.5% |
| Q4 25 | -4.5% | -40.2% | ||
| Q3 25 | -256.8% | -15.9% | ||
| Q2 25 | 985.2% | -13.5% | ||
| Q1 25 | -473.8% | -9.2% | ||
| Q4 24 | -871.7% | -18.6% | ||
| Q3 24 | 1899.5% | -27.4% | ||
| Q2 24 | 446.5% | -31.3% | ||
| Q1 24 | 7521.4% | -8.5% |
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $-0.13 | — | ||
| Q2 25 | $0.30 | — | ||
| Q1 25 | $-0.13 | $-0.05 | ||
| Q4 24 | $-0.25 | — | ||
| Q3 24 | $0.39 | $-0.22 | ||
| Q2 24 | $0.00 | — | ||
| Q1 24 | $1.27 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.9M | $13.7M |
| Total DebtLower is stronger | $15.6M | $1.3M |
| Stockholders' EquityBook value | $11.9M | $17.3M |
| Total Assets | $66.7M | $27.5M |
| Debt / EquityLower = less leverage | 1.31× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $13.7M | ||
| Q3 25 | $4.3M | $13.9M | ||
| Q2 25 | $26.1M | $16.6M | ||
| Q1 25 | $1.1M | $17.7M | ||
| Q4 24 | $825.0K | $20.0M | ||
| Q3 24 | $828.0K | $20.4M | ||
| Q2 24 | $1.7M | $24.9M | ||
| Q1 24 | $1.1M | $23.5M |
| Q4 25 | $15.6M | $1.3M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | $41.2M | $1.4M | ||
| Q3 24 | $10.3M | $1.5M | ||
| Q2 24 | $15.7M | $1.3M | ||
| Q1 24 | $15.1M | $1.4M |
| Q4 25 | $11.9M | $17.3M | ||
| Q3 25 | $9.2M | $21.4M | ||
| Q2 25 | $414.0K | $23.5M | ||
| Q1 25 | $-11.6M | $25.3M | ||
| Q4 24 | $-9.0M | $27.3M | ||
| Q3 24 | $-1.4M | $22.5M | ||
| Q2 24 | $-44.7M | $26.5M | ||
| Q1 24 | $-61.7M | $31.2M |
| Q4 25 | $66.7M | $27.5M | ||
| Q3 25 | $66.8M | $30.0M | ||
| Q2 25 | $89.2M | $31.0M | ||
| Q1 25 | $56.7M | $35.2M | ||
| Q4 24 | $61.2M | $37.1M | ||
| Q3 24 | $66.5M | $41.1M | ||
| Q2 24 | $65.9M | $51.5M | ||
| Q1 24 | $67.8M | $65.1M |
| Q4 25 | 1.31× | 0.07× | ||
| Q3 25 | — | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.3M | $-302.0K |
| Free Cash FlowOCF − Capex | $-4.3M | $-339.0K |
| FCF MarginFCF / Revenue | -66.0% | -2.6% |
| Capex IntensityCapex / Revenue | 0.3% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.3M | $-302.0K | ||
| Q3 25 | $-13.3M | $-2.7M | ||
| Q2 25 | $-7.9M | $-1.0M | ||
| Q1 25 | $945.0K | $-2.1M | ||
| Q4 24 | $-3.8M | $-476.0K | ||
| Q3 24 | $-2.4M | $-4.6M | ||
| Q2 24 | $-2.6M | $2.3M | ||
| Q1 24 | $-3.8M | $-2.7M |
| Q4 25 | $-4.3M | $-339.0K | ||
| Q3 25 | $-13.4M | — | ||
| Q2 25 | — | $-1.1M | ||
| Q1 25 | $853.0K | $-2.1M | ||
| Q4 24 | $-3.8M | $-508.0K | ||
| Q3 24 | $-2.4M | $-4.7M | ||
| Q2 24 | $-2.6M | $2.2M | ||
| Q1 24 | $-3.8M | $-2.7M |
| Q4 25 | -66.0% | -2.6% | ||
| Q3 25 | -329.6% | — | ||
| Q2 25 | — | -8.0% | ||
| Q1 25 | 49.9% | -14.3% | ||
| Q4 24 | -278.7% | -3.1% | ||
| Q3 24 | -114.9% | -30.6% | ||
| Q2 24 | -145.6% | 13.2% | ||
| Q1 24 | -248.8% | -15.7% |
| Q4 25 | 0.3% | 0.3% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.0% | 0.1% | ||
| Q1 25 | 5.4% | 0.2% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.6% | ||
| Q2 24 | 0.1% | 0.4% | ||
| Q1 24 | 0.3% | 0.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.06× | — | ||
| Q2 24 | -0.33× | — | ||
| Q1 24 | -0.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBYD
Segment breakdown not available.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
