Fundamental Global Inc. (FGFPP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
104 S. WALNUT STREET ITASCA, IL 60143 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 33,249 | 29,531 | 32,424 | 20,674 | 57,996 | 31,376 | |||
| Cash and cash equivalent | 2,396 | 3,010 | 15,542 | 12,132 | 28,509 | 30,902 | |||
| Short-term investments | 30,853 | 26,521 | 16,882 | 8,542 | 29,487 | 474 | |||
| Receivables | 21,571 | 9,269 | 3,853 | 1,724 | 1,265 | ||||
| Inventory, net of allowances, customer advances and progress billings | |||||||||
| Inventory | |||||||||
| Total current assets: | 54,820 | 38,800 | 36,277 | 22,398 | 59,261 | 31,376 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | ✕ | ||||||||
| Operating lease, right-of-use asset | ✕ | ||||||||
| Property, plant and equipment | 315 | ||||||||
| Long-term investments and receivables | 23,532 | 6,550 | |||||||
| Long-term investments | 23,532 | 6,550 | |||||||
| Total noncurrent assets: | 23,532 | 6,865 | |||||||
| Other undisclosed assets | (12,616) | 10,675 | 4,552 | 12,307 | 4,193 | 109,682 | |||
| TOTAL ASSETS: | 65,736 | 49,475 | 40,829 | 34,705 | 63,454 | 147,923 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | |||||||||
| Disposal group, including discontinued operation | |||||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,840 | ||
| Total current liabilities: | 1,840 | ||||||||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | |||||||||
| Finance lease, liability | ✕ | ||||||||
| Liabilities, other than long-term debt | 9,562 | 225 | 575 | 57 | 139 | ||||
| Deferred income tax liabilities | 106 | ✕ | |||||||
| Restructuring reserve | 9,016 | ||||||||
| Other liabilities | 546 | 225 | 575 | 57 | 33 | ||||
| Operating lease, liability | ✕ | ||||||||
| Total noncurrent liabilities: | 9,562 | 225 | 575 | 57 | 139 | ||||
| Other undisclosed liabilities | 13,682 | 11,955 | 6,245 | 455 | 400 | 83,336 | |||
| Total liabilities: | 23,244 | 12,180 | 6,820 | 512 | 539 | 85,176 | |||
| Equity | |||||||||
| Equity, attributable to parent | 42,492 | 37,295 | 34,009 | 34,193 | 62,915 | 62,747 | |||
| Preferred stock | 22,365 | 22,365 | 22,365 | 17,500 | 17,500 | 17,500 | |||
| Common stock | 10 | 9 | 6 | 6 | 6 | 6 | |||
| Treasury stock, value | (6,185) | (1,009) | (1,009) | ||||||
| Additional paid in capital | 53,264 | 50,021 | 46,037 | 47,065 | 46,754 | 46,340 | |||
| Accumulated other comprehensive income (loss) | (729) | ||||||||
| Retained earnings (accumulated deficit) | (33,147) | (35,100) | (34,399) | (24,193) | (336) | 639 | |||
| Total equity: | 42,492 | 37,295 | 34,009 | 34,193 | 62,915 | 62,747 | |||
| TOTAL LIABILITIES AND EQUITY: | 65,736 | 49,475 | 40,829 | 34,705 | 63,454 | 147,923 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 26,842 | 20,095 | 4,864 | 5,597 | 58,220 | |||
| Premiums earned, net | 16,631 | 12,998 | 4,864 | 54,357 | ||||
| Net investment income | 9,798 | 6,777 | 2,545 | (17,260) | 5,587 | 1,617 | ||
| Cost of revenue | (27,413) | |||||||
| Cost of product and service sold | ||||||||
| Policyholder benefits and claims incurred, net | (27,413) | |||||||
| Gross profit: | 26,842 | 20,095 | 4,864 | 5,597 | 30,807 | |||
| Operating expenses | (22,997) | (19,007) | (14,928) | (5,966) | (2,476) | (57,934) | ||
| Other undisclosed operating loss | ||||||||
| Operating income (loss): | 3,845 | 1,088 | (10,064) | (23,122) | 3,121 | (27,127) | ||
| Nonoperating income | 10,300 | 2,646 | ||||||
| Investment income, nonoperating | 10,300 | 2,646 | ||||||
| Interest and debt expense | ||||||||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 27,413 | |||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,845 | 11,388 | (7,418) | (23,122) | 3,121 | 286 | ||
| Income from equity method investments | 3,130 | 7,618 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (3,130) | (17,918) | 85 | |||||
| Income (loss) from continuing operations before income taxes: | 3,845 | 1,088 | (7,333) | (23,122) | 3,121 | 286 | ||
| Income tax benefit | 665 | 738 | 518 | |||||
| Other undisclosed loss from continuing operations | (1,476) | |||||||
| Income (loss) from continuing operations: | 3,845 | 1,088 | (7,333) | (22,457) | 2,383 | 804 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (7,188) | (22,457) | 311 | 804 | |
| Income (loss) from discontinued operations | 145 | (2,072) | ||||||
| Net income (loss): | 3,845 | 1,088 | (7,188) | (22,457) | 311 | 804 | ||
| Net income (loss) attributable to noncontrolling interest | (1,326) | |||||||
| Net income (loss) attributable to parent: | 3,845 | 1,088 | (8,514) | (22,457) | 311 | 804 | ||
| Preferred stock dividends and other adjustments | (1,786) | (1,789) | (1,692) | (1,400) | (1,400) | |||
| Other undisclosed net loss available to common stockholders, basic | (1,108) | |||||||
| Net income (loss) available to common stockholders, diluted: | 2,059 | (701) | (10,206) | (23,857) | (1,089) | (304) | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 3,845 | 1,088 | (7,188) | (22,457) | 311 | 804 | ||
| Other comprehensive income (loss) | 1,342 | (527) | ||||||
| Comprehensive income (loss): | 3,845 | 1,088 | (7,188) | (22,457) | 1,653 | 277 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,326) | |||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | ||||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 3,845 | 1,088 | (8,514) | (22,457) | 1,653 | 277 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.