Fundamental Global Inc. (FGNX) - Net Assets
Based on the latest financial reports, Fundamental Global Inc. (FGNX) has net assets worth $143.49 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($163.84 Million) and total liabilities ($20.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Fundamental Global Inc. total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $143.49 Million |
| % of Total Assets | 87.58% |
| Annual Growth Rate | 25.58% |
| 5-Year Change | 174.48% |
| 10-Year Change | 209.53% |
| Growth Volatility | 144.56 |
Fundamental Global Inc. - Net Assets Trend (2012–2025)
This chart illustrates how Fundamental Global Inc.'s net assets have evolved over time, based on quarterly financial data. Check Fundamental Global Inc. tangible equity quality to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Fundamental Global Inc. (2012–2025)
The table below shows the annual net assets of Fundamental Global Inc. from 2012 to 2025. For live valuation and market cap data, see how much is Fundamental Global Inc. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $143.49 Million | +93.39% |
| 2024-12-31 | $74.20 Million | +100.49% |
| 2023-12-31 | $37.01 Million | -20.75% |
| 2022-12-31 | $46.70 Million | -10.67% |
| 2021-12-31 | $52.28 Million | +93.15% |
| 2020-12-31 | $27.07 Million | +5.28% |
| 2019-12-31 | $25.71 Million | -59.03% |
| 2018-12-31 | $62.75 Million | +34.07% |
| 2017-12-31 | $46.80 Million | +0.96% |
| 2016-12-31 | $46.36 Million | -2.42% |
| 2015-12-31 | $47.51 Million | -4.82% |
| 2014-12-31 | $49.91 Million | +533.27% |
| 2013-12-31 | $7.88 Million | +6.08% |
| 2012-12-31 | $7.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fundamental Global Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 6862300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $70.00K | 0.05% |
| Other Comprehensive Income | $-608.00K | -0.42% |
| Other Components | $212.77 Million | 148.28% |
| Total Equity | $143.49 Million | 100.00% |
Fundamental Global Inc. Competitors by Market Cap
The table below lists competitors of Fundamental Global Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metavista3D Inc.
V:DDD
|
$35.40 Million |
|
Nam Hwa Construction Co.Ltd
KQ:091590
|
$35.40 Million |
|
Royal Orchid Hotel (Thailand) Public Company Limited
BK:ROH
|
$35.41 Million |
|
Flagship Minerals Ltd
AU:FLG
|
$35.43 Million |
|
Soktas Tekstil Sanayi ve Ticaret AS
IS:SKTAS
|
$35.39 Million |
|
Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS
IS:IHLGM
|
$35.39 Million |
|
Mural Oncology plc
NASDAQ:MURA
|
$35.38 Million |
|
Coastal Corporation Limited
NSE:COASTCORP
|
$35.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fundamental Global Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 74,197,000 to 143,491,000, a change of 69,294,000 (93.4%).
- Net loss of 68,514,000 reduced equity.
- Dividend payments of 1,788,000 reduced retained earnings.
- Share repurchases of 26,133,000 reduced equity.
- New share issuances of 168,621,000 increased equity.
- Other comprehensive income decreased equity by 1,716,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-68.51 Million | -47.75% |
| Dividends Paid | $1.79 Million | -1.25% |
| Share Repurchases | $26.13 Million | -18.21% |
| Share Issuances | $168.62 Million | +117.51% |
| Other Comprehensive Income | $-1.72 Million | -1.2% |
| Other Changes | $-1.18 Million | -0.82% |
| Total Change | $- | 93.39% |
Book Value vs Market Value Analysis
This analysis compares Fundamental Global Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.13x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.03x to 0.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $284.36 | $7.25 | x |
| 2013-12-31 | $301.66 | $7.25 | x |
| 2014-12-31 | $981.30 | $7.25 | x |
| 2015-12-31 | $944.53 | $7.25 | x |
| 2016-12-31 | $958.11 | $7.25 | x |
| 2017-12-31 | $979.93 | $7.25 | x |
| 2018-12-31 | $1269.10 | $7.25 | x |
| 2019-12-31 | $533.96 | $7.25 | x |
| 2020-12-31 | $588.78 | $7.25 | x |
| 2021-12-31 | $1253.58 | $7.25 | x |
| 2022-12-31 | $726.92 | $7.25 | x |
| 2023-12-31 | $439.36 | $7.25 | x |
| 2024-12-31 | $351.31 | $7.25 | x |
| 2025-12-31 | $53.80 | $7.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fundamental Global Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -47.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: -0.01x
- • Equity Multiplier: 1.14x
- Recent ROE (-47.75%) is below the historical average (-13.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | -1.62% | -33.43% | 0.04x | 1.37x | $-863.00K |
| 2013 | -9.49% | -14.69% | 0.22x | 2.94x | $-1.54 Million |
| 2014 | 7.30% | 19.22% | 0.26x | 1.49x | $-1.35 Million |
| 2015 | -3.52% | -6.17% | 0.33x | 1.73x | $-6.42 Million |
| 2016 | 0.02% | 0.03% | 0.36x | 1.96x | $-4.62 Million |
| 2017 | 0.63% | 0.77% | 0.33x | 2.45x | $-4.39 Million |
| 2018 | 1.28% | 66.56% | 0.01x | 2.36x | $-5.47 Million |
| 2019 | 1.21% | 5.66% | 0.10x | 2.24x | $-2.26 Million |
| 2020 | -82.97% | 0.00% | -0.31x | 2.05x | $-25.16 Million |
| 2021 | -16.29% | -205.31% | 0.05x | 1.45x | $-13.74 Million |
| 2022 | 2.33% | 8.72% | 0.17x | 1.54x | $-3.58 Million |
| 2023 | -40.05% | -82.36% | 0.28x | 1.77x | $-17.59 Million |
| 2024 | -1.56% | -6.66% | 0.16x | 1.48x | $-8.57 Million |
| 2025 | -47.75% | 0.00% | -0.01x | 1.14x | $-82.86 Million |
Industry Comparison
This section compares Fundamental Global Inc.'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,410,762,054
- Average return on equity (ROE) among peers: -3.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fundamental Global Inc. (FGNX) | $143.49 Million | -1.62% | 0.14x | $35.39 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.60 Billion | 17.42% | 0.00x | $3.34 Billion |
| Associated Capital Group Inc (AC) | $878.25 Million | 1.16% | 0.08x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.47 Million | -29.02% | 0.04x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $4.53 Million | -55.38% | 0.03x | $4.60 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $970.20 Million | -10.62% | 0.29x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $4.30 Billion | 10.10% | 0.79x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $6.70 Billion | 11.85% | 12.89x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $-578.49 Million | 0.00% | 0.00x | $31.91 Million |
About Fundamental Global Inc.
FG Nexus Inc. operates as a holding company, provides digital assets, merchant banking, reinsurance and managed services. It offers merchant banking, which provides strategic, administrative, and regulatory support services to newly formed SPACs; and managed services, which offers remote network operating center support, on-site field service, content delivery, installation, and other services fo… Read more