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Side-by-side financial comparison of Falcon's Beyond Global, Inc. (FBYD) and Zedge, Inc. (ZDGE). Click either name above to swap in a different company.
Zedge, Inc. is the larger business by last-quarter revenue ($7.6M vs $6.6M, roughly 1.2× Falcon's Beyond Global, Inc.). Zedge, Inc. runs the higher net margin — 10.4% vs -4.5%, a 14.8% gap on every dollar of revenue. On growth, Falcon's Beyond Global, Inc. posted the faster year-over-year revenue change (383.5% vs 5.8%). Zedge, Inc. produced more free cash flow last quarter ($808.0K vs $-4.3M). Over the past eight quarters, Falcon's Beyond Global, Inc.'s revenue compounded faster (108.4% CAGR vs -1.0%).
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.
Zedge is a content distribution platform that provides consumers with a way to personalize their mobile devices. It has offices in Trondheim, Vilnius, and New York City.
FBYD vs ZDGE — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $6.6M | $7.6M |
| Net Profit | $-296.0K | $788.0K |
| Gross Margin | — | — |
| Operating Margin | -30.9% | 12.0% |
| Net Margin | -4.5% | 10.4% |
| Revenue YoY | 383.5% | 5.8% |
| Net Profit YoY | 97.5% | 332.4% |
| EPS (diluted) | $-0.01 | $0.06 |
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 | $7.6M | ||
| Q3 25 | $4.1M | $7.5M | ||
| Q2 25 | $2.5M | $7.8M | ||
| Q1 25 | $1.7M | $7.0M | ||
| Q4 24 | $1.4M | $7.2M | ||
| Q3 24 | $2.1M | $7.6M | ||
| Q2 24 | $1.8M | $7.7M | ||
| Q1 24 | $1.5M | $7.8M |
| Q4 25 | $-296.0K | $788.0K | ||
| Q3 25 | $-10.4M | $-559.0K | ||
| Q2 25 | $25.1M | $185.0K | ||
| Q1 25 | $-8.1M | $-1.7M | ||
| Q4 24 | $-11.9M | $-339.0K | ||
| Q3 24 | $39.3M | $-39.0K | ||
| Q2 24 | $8.0M | $113.0K | ||
| Q1 24 | $114.0M | $-9.2M |
| Q4 25 | -30.9% | 12.0% | ||
| Q3 25 | -90.9% | -9.6% | ||
| Q2 25 | -53.0% | 2.1% | ||
| Q1 25 | -371.1% | -31.8% | ||
| Q4 24 | -335.6% | -6.4% | ||
| Q3 24 | -118.9% | -0.8% | ||
| Q2 24 | -195.9% | -1.7% | ||
| Q1 24 | -350.5% | -153.5% |
| Q4 25 | -4.5% | 10.4% | ||
| Q3 25 | -256.8% | -7.5% | ||
| Q2 25 | 985.2% | 2.4% | ||
| Q1 25 | -473.8% | -24.1% | ||
| Q4 24 | -871.7% | -4.7% | ||
| Q3 24 | 1899.5% | -0.5% | ||
| Q2 24 | 446.5% | 1.5% | ||
| Q1 24 | 7521.4% | -118.8% |
| Q4 25 | $-0.01 | $0.06 | ||
| Q3 25 | $-0.13 | $-0.04 | ||
| Q2 25 | $0.30 | $0.01 | ||
| Q1 25 | $-0.13 | $-0.12 | ||
| Q4 24 | $-0.25 | $-0.02 | ||
| Q3 24 | $0.39 | $0.00 | ||
| Q2 24 | $0.00 | $0.01 | ||
| Q1 24 | $1.27 | $-0.66 |
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 | $18.5M |
| Total DebtLower is stronger | $15.6M | — |
| Stockholders' EquityBook value | $11.9M | $25.9M |
| Total Assets | $66.7M | $36.0M |
| Debt / EquityLower = less leverage | 1.31× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.9M | $18.5M | ||
| Q3 25 | $4.3M | $18.6M | ||
| Q2 25 | $26.1M | $20.4M | ||
| Q1 25 | $1.1M | $20.1M | ||
| Q4 24 | $825.0K | $20.2M | ||
| Q3 24 | $828.0K | $20.0M | ||
| Q2 24 | $1.7M | $19.9M | ||
| Q1 24 | $1.1M | $18.1M |
| 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 | $25.9M | ||
| Q3 25 | $9.2M | $25.9M | ||
| Q2 25 | $414.0K | $28.6M | ||
| Q1 25 | $-11.6M | $28.2M | ||
| Q4 24 | $-9.0M | $30.1M | ||
| Q3 24 | $-1.4M | $30.9M | ||
| Q2 24 | $-44.7M | $30.9M | ||
| Q1 24 | $-61.7M | $30.7M |
| Q4 25 | $66.7M | $36.0M | ||
| Q3 25 | $66.8M | $35.7M | ||
| Q2 25 | $89.2M | $37.8M | ||
| Q1 25 | $56.7M | $37.1M | ||
| Q4 24 | $61.2M | $38.2M | ||
| Q3 24 | $66.5M | $38.2M | ||
| Q2 24 | $65.9M | $38.1M | ||
| Q1 24 | $67.8M | $37.1M |
| 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 | $825.0K |
| Free Cash FlowOCF − Capex | $-4.3M | $808.0K |
| FCF MarginFCF / Revenue | -66.0% | 10.6% |
| Capex IntensityCapex / Revenue | 0.3% | 0.2% |
| Cash ConversionOCF / Net Profit | — | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-4.3M | $825.0K | ||
| Q3 25 | $-13.3M | $674.0K | ||
| Q2 25 | $-7.9M | $870.0K | ||
| Q1 25 | $945.0K | $708.0K | ||
| Q4 24 | $-3.8M | $1.2M | ||
| Q3 24 | $-2.4M | $695.0K | ||
| Q2 24 | $-2.6M | $2.3M | ||
| Q1 24 | $-3.8M | $1.6M |
| Q4 25 | $-4.3M | $808.0K | ||
| Q3 25 | $-13.4M | $640.0K | ||
| Q2 25 | — | $851.0K | ||
| Q1 25 | $853.0K | $689.0K | ||
| Q4 24 | $-3.8M | $1.2M | ||
| Q3 24 | $-2.4M | $683.0K | ||
| Q2 24 | $-2.6M | $2.3M | ||
| Q1 24 | $-3.8M | $1.6M |
| Q4 25 | -66.0% | 10.6% | ||
| Q3 25 | -329.6% | 8.6% | ||
| Q2 25 | — | 11.0% | ||
| Q1 25 | 49.9% | 9.9% | ||
| Q4 24 | -278.7% | 16.1% | ||
| Q3 24 | -114.9% | 9.0% | ||
| Q2 24 | -145.6% | 30.4% | ||
| Q1 24 | -248.8% | 20.0% |
| Q4 25 | 0.3% | 0.2% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 0.0% | 0.2% | ||
| Q1 25 | 5.4% | 0.3% | ||
| Q4 24 | 0.1% | 0.2% | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 0.1% | 0.2% | ||
| Q1 24 | 0.3% | 0.0% |
| Q4 25 | — | 1.05× | ||
| Q3 25 | — | — | ||
| Q2 25 | -0.31× | 4.70× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.06× | — | ||
| Q2 24 | -0.33× | 20.73× | ||
| 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.
ZDGE
| Zedge Marketplace | $7.1M | 94% |
| Other | $468.0K | 6% |
