| Schedule of Reportable Segment Income (Loss) from Operations before Interest, Taxes, Foreign Exchange Gain (Loss) |
The accounting policies of the segments are the same as those described in the summary of significant accounting policies.
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Three months ended March 31, 2026 |
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Falcon’s |
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Falcon's Beyond Destinations |
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Falcon's Beyond Brands |
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Creative
Group |
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Destinations Operations |
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PDP |
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Falcon's Attractions |
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Other |
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Segment Total |
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Revenue external customers: |
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Services |
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$ |
13,025 |
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$ |
— |
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$ |
— |
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$ |
1,738 |
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$ |
— |
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$ |
14,763 |
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Product sales |
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— |
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— |
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— |
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1,702 |
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— |
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1,702 |
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Total revenue |
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13,025 |
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— |
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— |
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3,440 |
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— |
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16,465 |
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Reconciliation of revenue |
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Revenue corporate unallocated |
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1,936 |
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Revenue FCG |
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(13,025 |
) |
Total consolidated revenue |
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5,376 |
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Project design and build expense |
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(8,626 |
) |
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— |
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— |
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(944 |
) |
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(1 |
) |
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Cost of product sales |
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— |
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— |
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— |
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(1,129 |
) |
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— |
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Selling, general and administrative |
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(3,649 |
) |
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(267 |
) |
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— |
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(2,529 |
) |
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(161 |
) |
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Share of gain (loss) from equity method investments |
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— |
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25 |
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(423 |
) |
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— |
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— |
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Segment income (loss) from operations |
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$ |
750 |
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|
$ |
(242 |
) |
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$ |
(423 |
) |
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$ |
(1,162 |
) |
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$ |
(162 |
) |
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$ |
(1,239 |
) |
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Three months ended March 31, 2025 |
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Falcon’s |
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Falcon's Beyond Destinations |
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|
Falcon's Beyond Brands |
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|
Creative
Group |
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|
Destinations Operations |
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|
PDP |
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Falcon's Attractions |
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Other |
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Segment Total |
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Revenue external customers: |
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Services |
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$ |
6,271 |
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$ |
— |
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$ |
— |
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$ |
86 |
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$ |
— |
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$ |
6,357 |
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Product sales |
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— |
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— |
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— |
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— |
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— |
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— |
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Total revenue |
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6,271 |
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— |
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— |
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86 |
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— |
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6,357 |
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Reconciliation of revenue |
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Revenue corporate unallocated |
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1,622 |
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Revenue FCG |
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(6,271 |
) |
Total consolidated revenue |
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1,708 |
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Project design and build expense |
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(5,395 |
) |
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(15 |
) |
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— |
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(91 |
) |
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— |
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Selling, general and administrative |
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(3,368 |
) |
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(281 |
) |
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— |
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(1,254 |
) |
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(153 |
) |
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Research and development expense |
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— |
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(118 |
) |
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— |
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— |
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— |
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Share of gain (loss) from equity method investments |
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— |
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34 |
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|
474 |
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— |
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— |
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Segment income (loss) from operations |
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$ |
(2,492 |
) |
|
$ |
(380 |
) |
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$ |
474 |
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|
$ |
(1,259 |
) |
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$ |
(153 |
) |
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$ |
(3,810 |
) |
A reconciliation of segment income (loss) from operations to net income (loss) before taxes is as follows:
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Three months ended |
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March 31,
2026 |
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March 31,
2025 |
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Segment income (loss) from operations |
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$ |
(1,239 |
) |
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$ |
(3,810 |
) |
Unallocated corporate overhead |
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(2,843 |
) |
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(2,988 |
) |
Elimination FCG segment income (loss) from operations |
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(750 |
) |
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2,492 |
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Share of income (loss) from FCG |
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182 |
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(4,571 |
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Transaction (expense) credit |
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11,057 |
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(1,521 |
) |
Depreciation and amortization expense |
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(134 |
) |
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(4 |
) |
Interest expense |
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(174 |
) |
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(1,332 |
) |
Interest income |
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|
6 |
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|
3 |
|
Change in fair value of warrant liabilities |
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— |
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2,886 |
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Foreign exchange transaction gain (loss) |
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|
16 |
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|
752 |
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Net income (loss) before taxes |
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$ |
6,121 |
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$ |
(8,093 |
) |
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| Schedule of Identifiable Assets and Capital Expenditures |
Identifiable assets and capital expenditures are comprised of:
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Total Assets |
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Capital Expenditures |
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As of |
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Three months ended |
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March 31, 2026 |
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December 31, 2025 |
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|
March 31, 2026 |
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|
March 31, 2025 |
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FCG |
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$ |
18,026 |
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$ |
17,844 |
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$ |
51 |
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$ |
69 |
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Destinations Operations |
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3,218 |
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4,610 |
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|
— |
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— |
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PDP |
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25,836 |
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28,648 |
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— |
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— |
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Falcon's Attractions |
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9,645 |
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10,328 |
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12 |
|
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|
89 |
|
FBB-Other |
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|
126 |
|
|
|
46 |
|
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— |
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— |
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Unallocated corporate assets and intersegment eliminations |
|
|
5,508 |
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|
5,226 |
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(51 |
) |
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(66 |
) |
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$ |
62,359 |
|
|
$ |
66,702 |
|
|
$ |
12 |
|
|
$ |
92 |
|
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