Operates an ETH-focused digital asset treasury and provides strategic, administrative and regulatory support to newly formed SPACs and other merchant-banking clients.
10-K for FY2025, filed Mar 27, 2026
The company earns ETH staking rewards, rental income and merchant-banking advisory fees; customers generally pay for rental and advisory services at or shortly after the sale.
10-K for FY2025, filed Mar 27, 2026
FY2025 revenue by product or service ↗$2.4M
10-K for FY2025, filed Mar 27, 2026
$2.4M ↗| Segment | Share | Revenue |
|---|---|---|
|
ETH Staking Rewards
|
61% |
ETH Staking Rewards, FY2025
$1.5M Sources
|
|
Rental Income
|
17% |
Rental Income, FY2025
$415K Sources
|
|
Merchant Banking Advisory Fees
|
22% |
Merchant Banking Advisory Fees, FY2025
$523K Sources
|
The division has facilitated the launch of a manufactured-housing real estate company and a fast-casual restaurant platform.
10-K for FY2025, filed Mar 27, 2026In addition, our merchant banking division has facilitated the launch of several new companies, including FG Communities, Inc. (“FGC”), a…View ↗
No. It lost $66.7M in FY2025.
10-K for FY2025, filed Mar 27, 2026
10-Q for Q2 FY2026, filed Aug 12, 2026
−$18.3MView ↗
8-K, filed Sep 16, 2026
FG Nexus Inc. (the “Company”) issued a press release on September 16, 2026, announcing that the Company’s Board of Directors (the “Board”)…View ↗
Shrinking. Revenue fell 50% in 4 years, from $4.9M in FY2021 to $2.4M in FY2025, about 16% a year.
From insurance to ETH treasury
The older report described a holding company with insurance, reinsurance, asset management, SPAC and merchant-banking activities. The latest report centers operations on an ETH-focused digital-asset treasury and merchant banking, and says the reinsurance business was sold.
10-K for FY2022, filed Mar 24, 2023 10-K for FY2025, filed Mar 27, 2026FG Financial Group, Inc. (“FGF”, the “Company”, “we”, or “us”) is a reinsurance, merchant banking and asset management holding company. We…View ↗
Our strategy has evolved to focus on opportunistic collateralized and loss-capped reinsurance, with capital allocation to merchant banking…View ↗
Currently, the business operates as a diversified holding company of insurance, reinsurance, asset management, our Special Purpose…View ↗
Following the private placement in July 2025, the Company transitioned its operations to focus primarily on operating as a digital asset…View ↗
Merchant banking services include various strategic, administrative, and regulatory support services to newly formed SPACs (our SPAC…View ↗
We operated a reinsurance business, which has been classified as assets held for sale since as of December 31, 2024. We sold a portion of…View ↗
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