Falcon's Beyond Global (FBYD) investor relations material

Executive summary

• Revenue for Q1 2026 was $5.4 million, up from $1.7 million in Q1 2025, driven by new attractions contracts and product sales.

• Net income for Q1 2026 was $6.1 million, compared to a net loss of $8.1 million in Q1 2025, primarily due to a $11.1 million transaction credit from reversal of previously accrued expenses.

• Adjusted EBITDA loss narrowed to $4.6 million from $8.1 million year-over-year, reflecting improved profitability.

• The company operates through three divisions: Creative Group, Beyond Brands, and Beyond Destinations, with five reportable segments.

• Unconsolidated subsidiary Falcon's Creative Group (FCG) generated $13.0 million in revenue, more than doubling year-over-year due to project milestone timing.

Financial highlights

• Q1 2026 consolidated revenue was $5.4 million, with $3.7 million from services and $1.7 million from product sales.

• Gross margin improved significantly due to higher revenue and reversal of transaction expenses.

• Cash and cash equivalents were $1.2 million as of March 31, 2026, with $13.2 million available under credit lines.

• Working capital deficiency stood at $12.9 million, including $9.3 million in short-term debt.

• Net income attributable to common stockholders was $3.1 million, or $0.05 per diluted share, compared to a loss of $3.6 million, or $(0.13) per share, in Q1 2025.

Outlook and guidance

• Management expresses substantial doubt about the ability to continue as a going concern due to recurring losses and negative cash flows.

• The company is actively seeking additional financing and evaluating strategic alternatives to improve liquidity.

• Management expressed confidence in long-term growth, citing strategic investments and infrastructure expansion.

• Two new Master Products and Services Agreements with VAI Amusement Park, valued at $18 million, are expected to drive future revenue.