What is Falcon's Beyond Global's exchange offer (note 12)?

Falcon's Beyond Global (FBYD) reported exchange offer (note 12) of $674K in Q4 2025.

How has Falcon's Beyond Global's exchange offer (note 12) changed year-over-year?

Falcon's Beyond Global's exchange offer (note 12) decreased by 87.8% year-over-year, from $5.54M to $674K.

What does exchange offer (note 12) mean?

Captures the value of stock exchanged or converted as part of a formal exchange offer or restructuring agreement. It provides insight into the company's efforts to simplify its capital structure or satisfy specific contractual obligations.

Falcon's Beyond Global FBYD Exchange Offer (Note 12)

Exchange Offer (Note 12) at other companies

CenterspaceCSR

$43K-93.9%

Empire State Realty TrustESRT

$5.99M+278%

LBR

LB Pharmaceuticals Inc Common StockLBRX

$28.57M—

MacerichMAC

$5.23M+4,335%

Oruka Therapeutics, Inc.ORKA

$52.83M—

MapLight Therapeutics, Inc. MPLT

$126.92M—

Other financials

Income statement

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Revenue$5.4M+215%

Operating income$6.5M+202%

Net income$3.1M+185%

EPS (diluted)$0.05+138%

Balance sheet

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Cash & equivalents$1.2M+6.1%

Total debt$10.5M-73.2%

Total equity$14.9M+229%

Total assets$62.4M+9.9%

Cash flow

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Operating cash flow-$2.8M-391%

CapEx$12.0K-87.0%

Free cash flow-$2.8M-424%

Valuation

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Market cap$848.4M+309%

Enterprise value$857.7M+250%

P/E47.7×+43.0×

P/S45.7×+15.8×

Profitability

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Operating margin-3.1%-1.6pp

Net margin95.7%-534pp

FCF margin-152.8%+77.2pp

Returns & leverage

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Return on equity-36.2%—

Debt / equity0.7×—

Current ratio0.4×+0.4×

Where this comes from

Reported directly by Falcon's Beyond Global in its filing.

Tagged under the XBRL concept us-gaap:ConversionOfStockAmountConverted1.

The official record: Falcon's Beyond Global’s 10-K, filed March 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Falcon's Beyond Global's exchange offer (note 12)?: Falcon's Beyond Global (FBYD) reported exchange offer (note 12) of $674K in Q4 2025.
How has Falcon's Beyond Global's exchange offer (note 12) changed year-over-year?: Falcon's Beyond Global's exchange offer (note 12) decreased by 87.8% year-over-year, from $5.54M to $674K.
What does exchange offer (note 12) mean?: Captures the value of stock exchanged or converted as part of a formal exchange offer or restructuring agreement. It provides insight into the company's efforts to simplify its capital structure or satisfy specific contractual obligations.