Falcon's Beyond Global, Inc. Class A Common Stock

FBYD

Conglomerates · Industrials

Price

$10.64

-0.01 (-0.09%)

Market Cap

$521.5M

Exchange

NASDAQ

Winston Score

Winston is serious

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Weak

Stability

Weak

Valuation

Data not available

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Share count rising — dilution

+41.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 27.8M (2021) → 39.3M (2025)

Winston Score History

The full picture

Falcon's Beyond Global is an entertainment company that creates theme park experiences, immersive attractions, and branded content. Its main products include destination resorts, licensed intellectual property (IP), and technology-driven entertainment concepts sold to theme park operators, resort developers, and hospitality companies around the world. The company is known for blending physical attractions with digital and media content under its own and licensed brands.

Falcon's Beyond makes money by licensing its IP, collecting fees for designing and developing attractions, and through revenue-sharing arrangements with resort partners. It operates internationally, with notable projects in markets like Spain and the Middle East, and its high gross margin reflects the asset-light nature of its licensing and design work. However, the company is currently spending far more than it earns, posting a deeply negative operating margin, which means its biggest risk is burning through cash before its pipeline of projects generates enough steady revenue to reach profitability.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+120.4% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-104.2% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$199,000/ year

↑ Rising (+11% vs prior year)

1.3% of revenue

Below sector average (4%)

R&D investment increasing — building for the future

Insider Activity

66.9%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$46M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Falcon's Beyond Global, Inc. Class A Common Stock grew revenue 120% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

60.3%

Premium pricing power — 60.3% gross margin

Profit after running costs

Operating Margin

-75.9%

Losing money on operations — -75.9%

Return on the money invested

ROCE

-45.9%

Weak — -45.9% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

+181.4%

Fast-growing sales (+181.4% YoY)

Profit growth

EPS YoY

-122.9%

Earnings shrinking (-122.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

5/8 quarters

Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-83.5%

Burning cash (-83.5%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

1.09

Elevated debt (1.09)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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