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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) and REED'S, INC. (REED). Click either name above to swap in a different company.
REED'S, INC. is the larger business by last-quarter revenue ($7.5M vs $6.6M, roughly 1.1× Falcon's Beyond Global, Inc.). Falcon's Beyond Global, Inc. runs the higher net margin — -4.5% vs -50.5%, a 46.1% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs -23.1%). REED'S, INC. produced more free cash flow last quarter ($-3.9M vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs -11.7%).
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.
Waddell & Reed Financial, Inc. was an American asset management and financial planning company founded in 1937 in Kansas City, Missouri. It was a publicly traded company from 1998 to 2021, and briefly had its headquarters in Overland Park, Kansas, and was planning a move back to Downtown Kansas City before the company was sold. It operated asset management and distribution subsidiaries, including Ivy Investment Management Company and Waddell & Reed Investment Management Company.
FBYD vs REED — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $7.5M |
| Net Profit | $-296.0K | $-3.8M |
| Gross Margin | — | 20.4% |
| Operating Margin | -30.9% | -46.9% |
| Net Margin | -4.5% | -50.5% |
| Revenue YoY | 383.5% | -23.1% |
| Net Profit YoY | 97.5% | 8.2% |
| EPS (diluted) | $-0.01 | $-1.26 |
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 | $7.5M | ||
| Q3 25 | $4.1M | $7.0M | ||
| Q2 25 | $2.5M | $9.5M | ||
| Q1 25 | $1.7M | $10.0M | ||
| Q4 24 | $1.4M | $9.7M | ||
| Q3 24 | $2.1M | $6.8M | ||
| Q2 24 | $1.8M | $11.9M | ||
| Q1 24 | $1.5M | $9.6M |
| Q4 25 | $-296.0K | $-3.8M | ||
| Q3 25 | $-10.4M | $-4.0M | ||
| Q2 25 | $25.1M | $-6.0M | ||
| Q1 25 | $-8.1M | $-2.0M | ||
| Q4 24 | $-11.9M | $-4.1M | ||
| Q3 24 | $39.3M | $-4.2M | ||
| Q2 24 | $8.0M | $-3.2M | ||
| Q1 24 | $114.0M | $-1.7M |
| Q4 25 | — | 20.4% | ||
| Q3 25 | — | 17.4% | ||
| Q2 25 | — | 8.5% | ||
| Q1 25 | — | 33.9% | ||
| Q4 24 | — | 30.0% | ||
| Q3 24 | — | 18.0% | ||
| Q2 24 | — | 32.3% | ||
| Q1 24 | — | 35.6% |
| Q4 25 | -30.9% | -46.9% | ||
| Q3 25 | -90.9% | -58.3% | ||
| Q2 25 | -53.0% | -60.8% | ||
| Q1 25 | -371.1% | -17.4% | ||
| Q4 24 | -335.6% | -37.6% | ||
| Q3 24 | -118.9% | -46.5% | ||
| Q2 24 | -195.9% | -5.6% | ||
| Q1 24 | -350.5% | -6.8% |
| Q4 25 | -4.5% | -50.5% | ||
| Q3 25 | -256.8% | -56.6% | ||
| Q2 25 | 985.2% | -63.5% | ||
| Q1 25 | -473.8% | -20.3% | ||
| Q4 24 | -871.7% | -42.3% | ||
| Q3 24 | 1899.5% | -61.5% | ||
| Q2 24 | 446.5% | -27.1% | ||
| Q1 24 | 7521.4% | -17.4% |
| Q4 25 | $-0.01 | $-1.26 | ||
| Q3 25 | $-0.13 | $-0.48 | ||
| Q2 25 | $0.30 | $-0.13 | ||
| Q1 25 | $-0.13 | $-0.04 | ||
| Q4 24 | $-0.25 | $-3.73 | ||
| Q3 24 | $0.39 | $-4.91 | ||
| Q2 24 | $0.00 | $-0.77 | ||
| Q1 24 | $1.27 | $-0.40 |
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 | — |
| Total DebtLower is stronger | $15.6M | — |
| Stockholders' EquityBook value | $11.9M | $9.2M |
| Total Assets | $66.7M | $23.3M |
| Debt / EquityLower = less leverage | 1.31× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | — |
| 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 | — |
| Q4 25 | $11.9M | $9.2M | ||
| Q3 25 | $9.2M | $2.8M | ||
| Q2 25 | $414.0K | $1.7M | ||
| Q1 25 | $-11.6M | $4.7M | ||
| Q4 24 | $-9.0M | $6.6M | ||
| Q3 24 | $-1.4M | $-22.0M | ||
| Q2 24 | $-44.7M | $-23.8M | ||
| Q1 24 | $-61.7M | $-20.7M |
| Q4 25 | $66.7M | $23.3M | ||
| Q3 25 | $66.8M | $19.9M | ||
| Q2 25 | $89.2M | $23.7M | ||
| Q1 25 | $56.7M | $24.5M | ||
| Q4 24 | $61.2M | $25.1M | ||
| Q3 24 | $66.5M | $15.0M | ||
| Q2 24 | $65.9M | $18.7M | ||
| Q1 24 | $67.8M | $19.3M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-4.3M | $-3.8M |
| Free Cash FlowOCF − Capex | $-4.3M | $-3.9M |
| FCF MarginFCF / Revenue | -66.0% | -52.0% |
| Capex IntensityCapex / Revenue | 0.3% | 1.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-17.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.3M | $-3.8M | ||
| Q3 25 | $-13.3M | $-2.8M | ||
| Q2 25 | $-7.9M | $-5.0M | ||
| Q1 25 | $945.0K | $-5.4M | ||
| Q4 24 | $-3.8M | $-3.9M | ||
| Q3 24 | $-2.4M | $1.1M | ||
| Q2 24 | $-2.6M | $-912.0K | ||
| Q1 24 | $-3.8M | $-2.4M |
| Q4 25 | $-4.3M | $-3.9M | ||
| Q3 25 | $-13.4M | $-2.9M | ||
| Q2 25 | — | $-5.1M | ||
| Q1 25 | $853.0K | $-5.4M | ||
| Q4 24 | $-3.8M | $-4.0M | ||
| Q3 24 | $-2.4M | $1.0M | ||
| Q2 24 | $-2.6M | $-924.0K | ||
| Q1 24 | $-3.8M | $-2.4M |
| Q4 25 | -66.0% | -52.0% | ||
| Q3 25 | -329.6% | -41.5% | ||
| Q2 25 | — | -53.2% | ||
| Q1 25 | 49.9% | -54.2% | ||
| Q4 24 | -278.7% | -40.8% | ||
| Q3 24 | -114.9% | 15.3% | ||
| Q2 24 | -145.6% | -7.8% | ||
| Q1 24 | -248.8% | -25.1% |
| Q4 25 | 0.3% | 1.1% | ||
| Q3 25 | 1.0% | 1.4% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 5.4% | 0.7% | ||
| Q4 24 | 0.1% | 1.0% | ||
| Q3 24 | 0.2% | 0.3% | ||
| Q2 24 | 0.1% | 0.1% | ||
| Q1 24 | 0.3% | 0.2% |
| 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.
