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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) and SYNTEC OPTICS HOLDINGS, INC. (OPTX). Click either name above to swap in a different company.

SYNTEC OPTICS HOLDINGS, INC. is the larger business by last-quarter revenue ($7.5M vs $6.6M, roughly 1.1× Falcon's Beyond Global, Inc.). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -4.6%, a 0.1% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs 2.5%). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs 9.5%).

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.

FBYD vs OPTX — Head-to-Head

Bigger by revenue
OPTX
OPTX
1.1× larger
OPTX
$7.5M
$6.6M
FBYD
Growing faster (revenue YoY)
FBYD
FBYD
+381.0% gap
FBYD
383.5%
2.5%
OPTX
Higher net margin
FBYD
FBYD
0.1% more per $
FBYD
-4.5%
-4.6%
OPTX
More free cash flow
OPTX
OPTX
$4.3M more FCF
OPTX
$-4.4K
$-4.3M
FBYD
Faster 2-yr revenue CAGR
FBYD
FBYD
Annualised
FBYD
108.4%
9.5%
OPTX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FBYD
FBYD
OPTX
OPTX
Revenue
$6.6M
$7.5M
Net Profit
$-296.0K
$-343.8K
Gross Margin
23.6%
Operating Margin
-30.9%
4.2%
Net Margin
-4.5%
-4.6%
Revenue YoY
383.5%
2.5%
Net Profit YoY
97.5%
77.7%
EPS (diluted)
$-0.01
$-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.

Revenue
FBYD
FBYD
OPTX
OPTX
Q4 25
$6.6M
$7.5M
Q3 25
$4.1M
$7.0M
Q2 25
$2.5M
$6.6M
Q1 25
$1.7M
$7.1M
Q4 24
$1.4M
$7.3M
Q3 24
$2.1M
$7.9M
Q2 24
$1.8M
$7.0M
Q1 24
$1.5M
$6.3M
Net Profit
FBYD
FBYD
OPTX
OPTX
Q4 25
$-296.0K
$-343.8K
Q3 25
$-10.4M
$-1.4M
Q2 25
$25.1M
$-343.9K
Q1 25
$-8.1M
$323.7K
Q4 24
$-11.9M
$-1.5M
Q3 24
$39.3M
$-13.3K
Q2 24
$8.0M
$281.8K
Q1 24
$114.0M
$-1.2M
Gross Margin
FBYD
FBYD
OPTX
OPTX
Q4 25
23.6%
Q3 25
12.3%
Q2 25
24.4%
Q1 25
32.7%
Q4 24
13.5%
Q3 24
23.3%
Q2 24
31.0%
Q1 24
11.3%
Operating Margin
FBYD
FBYD
OPTX
OPTX
Q4 25
-30.9%
4.2%
Q3 25
-90.9%
-17.5%
Q2 25
-53.0%
-2.2%
Q1 25
-371.1%
7.5%
Q4 24
-335.6%
-19.6%
Q3 24
-118.9%
1.4%
Q2 24
-195.9%
2.3%
Q1 24
-350.5%
-22.5%
Net Margin
FBYD
FBYD
OPTX
OPTX
Q4 25
-4.5%
-4.6%
Q3 25
-256.8%
-20.6%
Q2 25
985.2%
-5.2%
Q1 25
-473.8%
4.6%
Q4 24
-871.7%
-21.0%
Q3 24
1899.5%
-0.2%
Q2 24
446.5%
4.0%
Q1 24
7521.4%
-19.3%
EPS (diluted)
FBYD
FBYD
OPTX
OPTX
Q4 25
$-0.01
$-0.01
Q3 25
$-0.13
$-0.04
Q2 25
$0.30
$-0.01
Q1 25
$-0.13
$0.01
Q4 24
$-0.25
$-0.05
Q3 24
$0.39
$0.00
Q2 24
$0.00
$0.01
Q1 24
$1.27
$-0.03

Balance Sheet & Financial Strength

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

Metric
FBYD
FBYD
OPTX
OPTX
Cash + ST InvestmentsLiquidity on hand
$1.9M
Total DebtLower is stronger
$15.6M
$2.6M
Stockholders' EquityBook value
$11.9M
$9.5M
Total Assets
$66.7M
$24.3M
Debt / EquityLower = less leverage
1.31×
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBYD
FBYD
OPTX
OPTX
Q4 25
$1.9M
Q3 25
$4.3M
Q2 25
$26.1M
Q1 25
$1.1M
Q4 24
$825.0K
Q3 24
$828.0K
Q2 24
$1.7M
Q1 24
$1.1M
Total Debt
FBYD
FBYD
OPTX
OPTX
Q4 25
$15.6M
$2.6M
Q3 25
$2.7M
Q2 25
$2.9M
Q1 25
$3.0M
Q4 24
$41.2M
$3.1M
Q3 24
$10.3M
$3.2M
Q2 24
$15.7M
$2.8M
Q1 24
$15.1M
$3.0M
Stockholders' Equity
FBYD
FBYD
OPTX
OPTX
Q4 25
$11.9M
$9.5M
Q3 25
$9.2M
$9.8M
Q2 25
$414.0K
$11.0M
Q1 25
$-11.6M
$11.4M
Q4 24
$-9.0M
$11.0M
Q3 24
$-1.4M
$12.1M
Q2 24
$-44.7M
$12.1M
Q1 24
$-61.7M
$11.9M
Total Assets
FBYD
FBYD
OPTX
OPTX
Q4 25
$66.7M
$24.3M
Q3 25
$66.8M
$24.6M
Q2 25
$89.2M
$25.3M
Q1 25
$56.7M
$26.3M
Q4 24
$61.2M
$26.0M
Q3 24
$66.5M
$27.3M
Q2 24
$65.9M
$25.8M
Q1 24
$67.8M
$24.6M
Debt / Equity
FBYD
FBYD
OPTX
OPTX
Q4 25
1.31×
0.28×
Q3 25
0.28×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.28×
Q3 24
0.26×
Q2 24
0.23×
Q1 24
0.25×

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
OPTX
OPTX
Operating Cash FlowLast quarter
$-4.3M
$-3.9K
Free Cash FlowOCF − Capex
$-4.3M
$-4.4K
FCF MarginFCF / Revenue
-66.0%
-0.1%
Capex IntensityCapex / Revenue
0.3%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$28.3K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBYD
FBYD
OPTX
OPTX
Q4 25
$-4.3M
$-3.9K
Q3 25
$-13.3M
$535.3K
Q2 25
$-7.9M
$-158.0K
Q1 25
$945.0K
$299.3K
Q4 24
$-3.8M
$623.8K
Q3 24
$-2.4M
$417.3K
Q2 24
$-2.6M
$-1.7M
Q1 24
$-3.8M
$-289.8K
Free Cash Flow
FBYD
FBYD
OPTX
OPTX
Q4 25
$-4.3M
$-4.4K
Q3 25
$-13.4M
$496.3K
Q2 25
$-548.1K
Q1 25
$853.0K
$84.6K
Q4 24
$-3.8M
$12.1K
Q3 24
$-2.4M
$43.8K
Q2 24
$-2.6M
$-1.9M
Q1 24
$-3.8M
$-385.1K
FCF Margin
FBYD
FBYD
OPTX
OPTX
Q4 25
-66.0%
-0.1%
Q3 25
-329.6%
7.1%
Q2 25
-8.4%
Q1 25
49.9%
1.2%
Q4 24
-278.7%
0.2%
Q3 24
-114.9%
0.6%
Q2 24
-145.6%
-26.5%
Q1 24
-248.8%
-6.2%
Capex Intensity
FBYD
FBYD
OPTX
OPTX
Q4 25
0.3%
0.0%
Q3 25
1.0%
0.6%
Q2 25
0.0%
5.9%
Q1 25
5.4%
3.0%
Q4 24
0.1%
8.4%
Q3 24
0.2%
4.7%
Q2 24
0.1%
2.3%
Q1 24
0.3%
1.5%
Cash Conversion
FBYD
FBYD
OPTX
OPTX
Q4 25
Q3 25
Q2 25
-0.31×
Q1 25
0.92×
Q4 24
Q3 24
-0.06×
Q2 24
-0.33×
-6.01×
Q1 24
-0.03×

Financial Flow Comparison

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

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