FG Nexus Q1 net loss widens to $40.26 million; revenue falls 2.5% to $232,000

• FG Nexus posted a net loss from continuing operations of USD 40.26 million, widening from USD 8.63 million a year earlier.
• Operating loss widened to USD 40.22 million, reflecting USD 36.66 million of digital-asset losses split between USD 17.99 million unrealized fair-value losses on ETH and USD 18.66 million realized losses.
• Revenue edged down 2.5% to USD 232,000, while general and administrative expenses climbed 57.5% to USD 3.68 million.
• Cash and cash equivalents ended at USD 14.14 million; digital-asset holdings totaled 20,637 ETH and 7,659 wstETH with combined estimated fair value of USD 60.7 million.
• Board began reviewing strategic alternatives, including a potential business combination with FG Communities, with an independent-director special committee formed to evaluate the transaction.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FG Nexus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-021749), on May 07, 2026, and is solely responsible for the information contained therein.