What is FBS Global's operating income?

FBS Global's total operating income in 2025 was -$1.50 million, based on the following breakdown: Total Gross Profit: $2.04 million Total Operating Expenses: $3.54 million

FBS Global (FBGL) Financials

$3.52 -0.49 (-12.14%)

As of 10:20 AM Eastern

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Annual Income Statements for FBS Global

This table shows FBS Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.06	0.00	-0.60	-1.58
Consolidated Net Income / (Loss)	0.05	0.00	-0.60	-1.58
Net Income / (Loss) Continuing Operations	0.06	0.00	-0.60	-1.58
Total Pre-Tax Income	0.16	-0.03	-0.62	-1.58
Total Operating Income	0.06	-0.03	-0.71	-1.50
Total Gross Profit	1.63	2.00	0.92	2.04
Total Revenue	13	17	10	20
Operating Revenue	13	17	10	20
Total Cost of Revenue	11	15	9.33	18
Operating Cost of Revenue	11	15	9.22	18
Other Cost of Revenue	0.01	0.30	0.11	0.00
Total Operating Expenses	1.56	1.74	1.51	3.54
Selling, General & Admin Expense	1.56	1.74	1.51	3.02
Research & Development Expense	-	0.00	0.00	0.52
Total Other Income / (Expense), net	0.10	0.01	0.09	-0.08
Interest Expense	0.06	0.06	0.05	0.01
Other Income / (Expense), net	0.16	0.07	0.13	-0.07
Income Tax Expense	0.11	-0.03	-0.03	0.00
Basic Earnings per Share	$0.01	$0.00	($0.05)	($0.09)
Weighted Average Basic Shares Outstanding	11.25M	11.25M	11.25M	13.37M
Diluted Earnings per Share	$0.01	$0.00	($0.05)	($0.09)
Weighted Average Diluted Shares Outstanding	11.25M	11.25M	11.25M	13.37M
Weighted Average Basic & Diluted Shares Outstanding	-	11.25M	11.25M	13.50M

No quarterly income statements for FBS Global are available.

This table details how cash moves in and out of FBS Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-1.25	1.89	-1.10	1.82
Net Cash From Operating Activities	-0.32	2.75	-0.09	-3.20
Net Cash From Continuing Operating Activities	-0.32	2.75	-0.09	-3.20
Net Income / (Loss) Continuing Operations	0.05	0.00	-0.60	-1.58
Consolidated Net Income / (Loss)	0.05	0.00	-0.60	-1.58
Depreciation Expense	0.11	0.12	0.12	0.13
Amortization Expense	0.00	0.00	0.53	0.56
Non-Cash Adjustments To Reconcile Net Income	-0.31	2.25	0.04	-2.76
Changes in Operating Assets and Liabilities, net	-0.17	0.37	-0.19	0.46
Net Cash From Investing Activities	-0.08	-0.19	0.10	-3.23
Net Cash From Continuing Investing Activities	-0.08	-0.19	0.10	-3.23
Purchase of Property, Plant & Equipment	-0.08	-0.00	-0.05	-0.06
Purchase of Investments	0.00	-0.18	0.16	-0.00
Other Investing Activities, net	0.00	0.00	0.00	-3.17
Net Cash From Financing Activities	-0.85	-0.68	-1.11	8.25
Net Cash From Continuing Financing Activities	-0.85	-0.68	-1.11	8.25
Repayment of Debt	-2.21	-1.83	-1.49	-1.09
Issuance of Debt	0.85	1.38	0.70	0.15
Issuance of Common Equity	-	0.00	0.00	8.32
Other Financing Activities, net	0.90	-0.23	-0.31	0.88
Cash Interest Paid	0.06	0.06	0.05	0.01
Cash Income Taxes Paid	0.27	0.02	0.14	0.10

No quarterly cash flow statements for FBS Global are available.

This table presents FBS Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	13	14	11	22
Total Current Assets	9.36	10	7.19	19
Cash & Equivalents	1.41	3.40	2.18	3.14
Restricted Cash	0.07	-	0.00	1.00
Accounts Receivable	2.55	2.86	2.10	5.99
Prepaid Expenses	0.08	0.09	0.07	0.71
Other Current Assets	5.24	3.87	2.67	7.56
Plant, Property, & Equipment, net	2.87	2.80	2.63	2.73
Total Noncurrent Assets	3.47	3.63	1.66	3.07
Noncurrent Deferred & Refundable Income Taxes	0.20	0.20	0.22	0.24
Other Noncurrent Operating Assets	0.39	0.63	1.44	0.00
Total Liabilities & Shareholders' Equity	13	14	11	22
Total Liabilities	9.03	9.99	8.35	12
Total Current Liabilities	7.74	9.30	8.26	12
Short-Term Debt	0.86	1.10	0.51	0.09
Accounts Payable	1.55	1.88	0.93	2.37
Accrued Expenses	0.40	0.48	0.91	1.36
Dividends Payable	4.34	4.41	4.26	4.52
Current Deferred Revenue	0.32	1.12	-	3.14
Current Deferred & Payable Income Tax Liabilities	0.15	0.23	0.15	0.08
Other Current Liabilities	0.12	0.08	1.50	0.01
Total Noncurrent Liabilities	1.28	0.68	0.09	0.01
Long-Term Debt	1.26	0.67	0.09	0.01
Commitments & Contingencies	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3.80	3.86	3.13	10
Total Preferred & Common Equity	3.80	3.86	3.13	10
Total Common Equity	3.80	3.86	3.13	10
Common Stock	2.01	2.05	1.98	10
Retained Earnings	1.78	1.81	1.16	-0.35

No quarterly balance sheets for FBS Global are available.

This table displays calculated financial ratios and metrics derived from FBS Global's official financial filings.

Metric	2022	2023	2024	2025
Period end date	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	11,250,000.00	11,250,000.00	13,500,000.00
DEI Adjusted Shares Outstanding	0.00	11,250,000.00	11,250,000.00	13,500,000.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	-0.05	-0.12
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	31.71%	-38.69%	98.42%
EBITDA Growth	0.00%	-52.65%	-50.07%	-1,235.87%
EBIT Growth	0.00%	-84.88%	-1,829.09%	-173.94%
NOPAT Growth	0.00%	-231.29%	-1,987.41%	-112.08%
Net Income Growth	0.00%	-93.06%	-16,886.29%	-165.64%
EPS Growth	0.00%	-100.00%	0.00%	-66.99%
Operating Cash Flow Growth	0.00%	948.27%	-103.24%	-3,479.72%
Free Cash Flow Firm Growth	0.00%	0.00%	-83.93%	-1,727.33%
Invested Capital Growth	0.00%	-24.26%	-12.55%	76.66%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-
Gross Margin	12.97%	12.13%	9.03%	10.16%
EBITDA Margin	2.62%	0.94%	0.77%	-4.39%
Operating Margin	0.44%	-0.21%	-6.99%	-7.47%
EBIT Margin	1.75%	0.20%	-5.66%	-7.82%
Profit (Net Income) Margin	0.41%	0.02%	-5.88%	-7.87%
Tax Burden Percent	32.54%	-14.06%	95.81%	100.00%
Interest Burden Percent	71.69%	-76.07%	108.41%	100.72%
Effective Tax Rate	67.46%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.21%	-0.31%	-7.96%	-13.07%
ROIC Less NNEP Spread (ROIC-NNEP)	0.87%	0.40%	-11.63%	-49.99%
Return on Net Nonoperating Assets (RNNOA)	1.14%	0.40%	-9.09%	-10.93%
Return on Equity (ROE)	1.35%	0.09%	-17.04%	-24.00%
Cash Return on Invested Capital (CROIC)	0.00%	27.30%	5.43%	-68.49%
Operating Return on Assets (OROA)	1.71%	0.25%	-4.53%	-9.49%
Return on Assets (ROA)	0.40%	0.03%	-4.71%	-9.56%
Return on Common Equity (ROCE)	1.35%	0.09%	-17.04%	-24.00%
Return on Equity Simple (ROE_SIMPLE)	1.35%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	0.02	-0.02	-0.50	-1.05
NOPAT Margin	0.14%	-0.14%	-4.89%	-5.23%
Net Nonoperating Expense Percent (NNEP)	-0.67%	-0.70%	3.68%	36.92%
Return On Investment Capital (ROIC_SIMPLE)	0.31%	-0.42%	-13.26%	-10.34%
Cost of Revenue to Revenue	87.14%	89.70%	92.09%	89.84%
SG&A Expenses to Revenue	12.42%	10.50%	14.90%	15.02%
R&D to Revenue	0.00%	0.00%	0.00%	2.61%
Operating Expenses to Revenue	12.42%	10.50%	14.90%	17.63%
Earnings before Interest and Taxes (EBIT)	0.22	0.03	-0.57	-1.57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	0.33	0.16	0.08	-0.88
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	2.67	2.62	3.23	1.29
Price to Tangible Book Value (P/TBV)	2.67	2.62	3.23	1.29
Price to Revenue (P/Rev)	0.81	0.61	1.00	0.64
Price to Earnings (P/E)	158.00	2,851.31	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.63%	0.04%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.23	1.28	1.47	0.87
Enterprise Value to Revenue (EV/Rev)	0.86	0.51	0.84	0.44
Enterprise Value to EBITDA (EV/EBITDA)	32.72	54.57	109.87	0.00
Enterprise Value to EBIT (EV/EBIT)	49.04	256.08	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	595.13	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	3.09	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	4.04	25.25	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.56	0.46	0.19	0.01
Long-Term Debt to Equity	0.33	0.17	0.03	0.00
Financial Leverage	1.31	1.01	0.78	0.22
Leverage Ratio	3.38	3.48	3.62	2.51
Compound Leverage Factor	2.42	-2.65	3.93	2.53
Debt to Total Capital	35.85%	31.46%	16.18%	0.99%
Short-Term Debt to Total Capital	14.50%	19.48%	13.65%	0.91%
Long-Term Debt to Total Capital	21.35%	11.98%	2.53%	0.08%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	64.15%	68.54%	83.82%	99.01%
Debt to EBITDA	6.45	11.38	7.77	-0.11
Net Debt to EBITDA	1.94	-10.43	-20.30	4.57
Long-Term Debt to EBITDA	3.84	4.33	1.22	-0.01
Debt to NOPAT	117.34	-74.65	-1.22	-0.10
Net Debt to NOPAT	35.25	68.45	3.19	3.84
Long-Term Debt to NOPAT	69.89	-28.42	-0.19	-0.01
Altman Z-Score	2.05	2.07	1.47	1.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-
Current Ratio	1.21	1.10	0.87	1.60
Quick Ratio	0.51	0.67	0.52	0.79
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	2.11	0.34	-5.51
Operating Cash Flow to CapEx	-425.70%	111,558.40%	-162.46%	-5,203.45%
Free Cash Flow to Firm to Interest Expense	0.00	36.02	7.01	-489.61
Operating Cash Flow to Interest Expense	-5.23	47.13	-1.85	-284.39
Operating Cash Flow Less CapEx to Interest Expense	-6.45	47.09	-2.99	-289.85
Efficiency Ratios	-	-	-	-
Asset Turnover	0.98	1.24	0.80	1.21
Accounts Receivable Turnover	4.93	6.11	4.09	4.97
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.37	5.83	3.73	7.50
Accounts Payable Turnover	7.04	8.64	6.65	10.98
Days Sales Outstanding (DSO)	74.11	59.69	89.28	73.41
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	51.82	42.25	54.89	33.26
Cash Conversion Cycle (CCC)	22.29	17.44	34.39	40.16
Capital & Investment Metrics	-	-	-	-
Invested Capital	8.77	6.65	5.81	10
Invested Capital Turnover	1.43	2.14	1.63	2.50
Increase / (Decrease) in Invested Capital	0.00	-2.13	-0.83	4.46
Enterprise Value (EV)	11	8.50	8.55	8.93
Market Capitalization	10	10	10	13
Book Value per Share	$0.34	$0.34	$0.28	$0.89
Tangible Book Value per Share	$0.34	$0.34	$0.28	$0.89
Total Capital	5.92	5.63	3.74	10
Total Debt	2.12	1.77	0.60	0.10
Total Long-Term Debt	1.26	0.67	0.09	0.01
Net Debt	0.64	-1.63	-1.58	-4.04
Capital Expenditures (CapEx)	0.08	0.00	0.05	0.06
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.99	-1.39	-2.74	2.96
Debt-free Net Working Capital (DFNWC)	2.47	2.01	-0.56	7.10
Net Working Capital (NWC)	1.62	0.91	-1.07	7.00
Net Nonoperating Expense (NNE)	-0.03	-0.03	0.10	0.53
Net Nonoperating Obligations (NNO)	4.98	2.78	2.68	0.20
Total Depreciation and Amortization (D&A)	0.11	0.12	0.65	0.69
Debt-free, Cash-free Net Working Capital to Revenue	7.88%	-8.38%	-27.04%	14.71%
Debt-free Net Working Capital to Revenue	19.71%	12.17%	-5.49%	35.29%
Net Working Capital to Revenue	12.87%	5.53%	-10.52%	34.83%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.04)	($0.09)
Adjusted Weighted Average Basic Shares Outstanding	0.00	11.25M	11.25M	13.37M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.04)	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	11.25M	11.25M	13.37M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	11.25M	11.25M	13.50M
Normalized Net Operating Profit after Tax (NOPAT)	0.04	-0.02	-0.50	-1.05
Normalized NOPAT Margin	0.31%	-0.14%	-4.89%	-5.23%
Pre Tax Income Margin	1.25%	-0.15%	-6.14%	-7.87%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	3.53	0.57	-11.89	-139.79
NOPAT to Interest Expense	0.29	-0.41	-10.27	-93.46
EBIT Less CapEx to Interest Expense	2.31	0.53	-13.03	-145.25
NOPAT Less CapEx to Interest Expense	-0.94	-0.45	-11.41	-98.92
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	762.07%	0.00%	0.00%	0.00%

No quarterly metrics and ratios for FBS Global are available.

Financials Breakdown Chart

FBS Global Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FBS Global's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

FBS Global's net income appears to be on a downward trend, with a most recent value of -$1.58 million in 2025, compared with $51.20 thousand in 2022. The previous period was -$596.08 thousand in 2024. Check out FBS Global's forecast to explore projected trends and price targets.

FBS Global's total operating income in 2025 was -$1.50 million, based on the following breakdown:

Total Gross Profit: $2.04 million
Total Operating Expenses: $3.54 million

Over the last 3 years, FBS Global's total revenue changed from $12.55 million in 2022 to $20.11 million in 2025, a change of 60.2%.

FBS Global had total debt of $100.21 thousand at the end of 2025, a 83.4% decrease from 2024, and a 95.3% decrease since 2022.

Over the last 3 years, FBS Global's book value per share changed from 0.34 in 2022 to 0.89 in 2025, a change of 165.0%.

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Financial statements for NASDAQ:FBGL last updated on 9/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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FBS Global (FBGL) Financials

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FBS Global (FBGL) Financials

Annual Income Statements for FBS Global

Quarterly Income Statements for FBS Global

Annual Cash Flow Statements for FBS Global

Quarterly Cash Flow Statements for FBS Global

Annual Balance Sheets for FBS Global

Quarterly Balance Sheets for FBS Global

Annual Metrics And Ratios for FBS Global

Quarterly Metrics And Ratios for FBS Global

Financials Breakdown Chart

FBS Global Financials - Frequently Asked Questions

When does FBS Global's financial year end?

How has FBS Global's net income changed over the last 3 years?

What is FBS Global's operating income?

How has FBS Global's revenue changed over the last 3 years?

How much debt does FBS Global have?

How has FBS Global's book value per share changed over the last 3 years?

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