FGNX
FG Nexus Inc.Financial Services·Asset Management - Cryptocurrency
$8.71
$69M market cap
Revenue
$-17.4M
Free Cash Flow
$-7.7M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
FG Nexus, Inc. engages in the provision of reinsurance, asset management and merchant banking services. The company was founded in October 2012 and is headquartered in Charlotte, NC.
2-Year Price History
$7.81-94.9%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | -18.4 | -40.2 | -40.3 | -38.6 | -6.2 | -6.2 | -0.0 | 14.1 | 1.9 | 0.1 | <-999% | -- | -- |
| Act | 2025-Q4 | 1.1 | -53.8 | -6.2 | -59.1 | -1.5 | -1.5 | -0.0 | 13.4 | 1.9 | 2.7 | -48.3% | -- | -- |
Valuation & Metrics
Market Stats
Price$8.71
Market Cap$69M
Enterprise Value$57M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-11.2%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$-17.4M
Net Income$-97.7M
Free Cash Flow$-7.7M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-4351.9%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.4M
Days to Cover8.7
Change (vs Prior)-1.5%
Need at least 2 settlement dates for chart
Employees
Headcount130
Revenue / Employee$-133,508
Gross Profit / Employee$-134,077
Cash Runway
22.0months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
9.0%
21 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
6.8%
7 filers
Vanguard, iShares, SPDR
Market makers
0.0%
2 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
Not enough quarterly ownership history to chart yet.
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $2.1M | $4.99 | +$2.1M | +$2.1M | — | $4.04T |
| CITADEL ADVISORS LLC | $1.9M | $4.99 | +$1.9M | +$1.9M | — | $138.22B |
| WOLVERINE ASSET MANAGEMENT LLC | $1.2M | $4.99 | +$1.2M | +$1.2M | — | $2.32B |
| Everstar Asset Management, LLC | $689K | $4.99 | +$689K | +$689K | — | $188M |
| BlackRock, Inc.Passive | $653K | $4.99 | +$653K | +$653K | — | $5.69T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $454K | $4.99 | +$454K | +$454K | — | $1.61T |
| Cable Car Capital, LP | $399K | $4.99 | +$399K | +$399K | — | $238M |
| BANK OF AMERICA CORP /DE/ | $247K | $4.99 | +$247K | +$247K | — | $1.36T |
| VANGUARD FIDUCIARY TRUST COPassive | $244K | $4.99 | +$244K | +$244K | — | $395.83B |
| STATE STREET CORPPassive | $188K | $4.99 | +$188K | +$188K | — | $2.89T |
| Diametric Capital, LP | $138K | $4.99 | +$138K | +$138K | — | $381M |
| GSA CAPITAL PARTNERS LLP | $136K | $4.99 | +$136K | +$136K | — | $1.61B |
| J. Derek Lewis & Associates Inc. | $121K | $4.99 | +$121K | +$121K | — | $434M |
| NORTHERN TRUST CORPPassive | $88K | $4.99 | +$88K | +$88K | — | $755.34B |
| XTX Topco Ltd | $76K | $4.99 | +$76K | +$76K | — | $5.74B |
| MILLENNIUM MANAGEMENT LLC | $73K | $4.99 | +$73K | +$73K | — | $127.40B |
| PRELUDE CAPITAL MANAGEMENT, LLC | $58K | $4.99 | +$58K | +$58K | — | $1.30B |
| Vanguard Global Advisers, LLCPassive | $18K | $4.99 | +$18K | +$18K | — | $186.48B |
| UBS Group AG | $5K | $4.99 | +$5K | +$5K | — | $562.11B |
| Tower Research Capital LLC (TRC)MM | $4K | $4.99 | +$4K | +$4K | — | $3.84B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-1.76%
avg per quarter
Holders (ex-self)
—
excl. this stock
Buyers (this Q)
-1.76%
30 buyers · $0.01B in
Sellers (this Q)
+0.00%
0 sellers · $0.00B out
alpha coverage: 73% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-4.7%
how holders react when this stock falls
On quiet Qs
-4.6%
−10% to +10% baseline
On rallies (+10%+)
-25.8%
how they react when this stock rises
Holders' portfolio flow this Q
-2.4%
outflows — trims may be forced
Sellers' portfolio flow this Q
+0.0%
Sellers' overall flow ~ flat.
New buyers this quarter
VANGUARD CAPITAL MANAGEMENT LLC+$0.00BCITADEL ADVISORS LLC+$0.00BWOLVERINE ASSET MANAGEMENT LLC+$0.00BEverstar Asset Management, LLC+$0.00BBlackRock, Inc.+$0.00BGEODE CAPITAL MANAGEMENT, LLC+$0.00BCable Car Capital, LP+$0.00BBANK OF AMERICA CORP /DE/+$0.00BVANGUARD FIDUCIARY TRUST CO+$0.00BSTATE STREET CORP+$0.00B
Top-5 holders · 74.1%
VANGUARD CAPITAL MANAGEMENT LLC--
CITADEL ADVISORS LLC--
WOLVERINE ASSET MANAGEMENT LLC--
Everstar Asset Management, LLC--
BlackRock, Inc.--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
Not enough holder history to plot.
Analyst Coverage
Analyst Coverage
Analyst Ratings
1
Buy: 1Consensus: Buy
Corporate
Order Flow (FINRA, ~3w lag)
22.2%retail+4.2pp
11.3%dark+0.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
FG Nexus Inc.: A Dilutive Crypto-Pivot Masking Asset Stripping and Insider Enrichment
Overall Risk
9/10
Fraud
7/10
Dilution
10/10
Insolvency
3/10
Earnings Overstated
8/10
Hidden Liabilities
6/10
Legal
9/10
Audit Warnings
5/10
Hidden Upside
4/10
Contextually Acceptable
2/10