FGC on Nasdaq
FG Communities Holdings Inc.
Finance services company, listed on Nasdaq (FGC). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerFGC on Nasdaq1
- IndustryFinance Services1
- HeadquartersCharlotte, North Carolina1
- Business address6408 Bannington Road, Charlotte, Nc 282262
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Strong/MDI. As a result of the acquisition, Strong/MDI became a wholly-owned subsidiary of Saltire.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
ETH Staking Rewards brought in 61% of the revenue FG Communities Holdings Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| ETH Staking Rewards | $1.5M | |
| Merchant Banking Advisory Fees | $75.0K | $523.0K |
| Rental income | $704.0K | $415.0K |
Business segments
Digital Assets brought in 61% of the revenue FG Communities Holdings Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Digital Assets | $1.5M | |
| Merchant Banking | $75.0K | $523.0K |
| Other Operating | $704.0K | $415.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs97¢$2.3M
- Income tax3¢$73.0K
Out of $2.4M in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenue | $2.4M | $779.0K |
| General and administrative expenses | -$14.5M | -$9.4M |
| Stock-based compensation | -$7.8M | -$1.6M |
| Realized loss on digital assets | -$5.8M | |
| Unrealized measurement of fair value of ETH digital assets | -$38.3M | |
| Impairment and other | -$5.0K | -$1.5M |
| Loss from operations | -$64.0M | -$11.7M |
| Interest expense, net | -$132.0K | -$303.0K |
| Loss on equity holdings | -$5.5M | -$14.7M |
| Foreign currency transaction gain (loss) | $1.9M | -$2.0K |
| Bargain purchase on acquisition and other (expense) income, net | -$8.0K | $2.3M |
| Total other expense, net | -$3.7M | -$12.7M |
| Loss from continuing operations before income taxes | -$67.7M | -$24.4M |
| Income tax benefit | $73.0K | $92.0K |
| Net loss from continuing operations | -$67.6M | -$24.3M |
| Net income from discontinued operations (Note 7) | $892.0K | $23.0M |
| Net loss | -$66.7M | -$1.3M |
| Net loss attributable to non-controlling interest | -$160.0K | |
| Discount on repurchase of Series A Preferred Shares | $16.0K | |
| Dividends declared on Series A Preferred Shares | -$1.8M | -$1.4M |
| Net loss attributable to common shareholders | -$68.5M | -$2.6M |
| Continuing operations - basic | -$26 | -$121 |
| Continuing operations - diluted | -$26 | -$121 |
| Discontinued operations - basic | $0 | $109 |
| Discontinued operations - diluted | $0 | $109 |
| Total - basic | -$25.69 | -$12.16 |
| Total - diluted | -$25.69 | -$12.16 |
| Weighted average common shares outstanding - basic | 2.7M shares | 211.0K shares |
| Weighted average common shares outstanding - diluted | 2.7M shares | 211.0K shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2025-08-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $13.4M | $6.6M | |||
| ETH digital assets | $119.4M | ||||
| Equity securities, at fair value (cost basis of $0 and $8,679) | $5.8M | ||||
| Other equity securities and other holdings | $14.7M | $54.3M | |||
| Property, plant and equipment, net | $2.2M | $2.4M | |||
| Assets of discontinued operations | $13.9M | $39.8M | |||
| Other assets | $304.0K | $606.0K | |||
| Total assets | $163.8M | $109.5M | |||
| Accounts payable and accrued expenses | $5.3M | $842.0K | |||
| Short-term debt, net of issuance costs | $1.9M | $2.1M | |||
| Deferred income taxes, net | $365.0K | $2.4M | |||
| Liabilities of discontinued operations | $9.4M | $29.7M | |||
| Other liabilities | $3.3M | $228.0K | |||
| Total liabilities | $20.4M | $35.3M | |||
| Series A Preferred Shares, $25.00 par and liquidation value, 10,000,000,000 shares authorized and 888,884 shares issued and outstanding as of December 31, 2025 and 1,000,000 shares authorized and 894,580 shares issued and outstanding as of December 31, 2024 | $22.2M | $22.4M | |||
| Common stock, $0.001 par value; 180,000,000,000 shares authorized, 8,698,994 issued, and 7,080,747 outstanding as of December 31, 2025, and 800,000 shares authorized and 253,581 shares issued and outstanding as of December 31, 2024 | $70.0K | $29.0K | |||
| Treasury stock (1,618,248 shares at cost) | -$26.1M | ||||
| Additional paid-in capital | $216.7M | $50.9M | |||
| Accumulated deficit | -$68.7M | -$229.0K | |||
| Accumulated other comprehensive (loss) income | -$608.0K | $1.1M | |||
| Total stockholders equity | $143.5M | $74.2M | $37.0M | ||
| Total liabilities and stockholders equity | $163.8M | $109.5M | |||
| Equity securities, cost basis | $0 | $8.7M | |||
| Series A preferred stock, par value | $25.00 | $25.00 | |||
| Series A preferred stock, shares authorized | 10.0B shares | 1.0M shares | |||
| Series A preferred stock, shares issued | 888.9K shares | 894.6K shares | |||
| Series A preferred stock, shares outstanding | 888.9K shares | 894.6K shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 180.0B shares | 200.0M shares | 200.0M shares | 800.0K shares | |
| Common stock, shares issued | 8.7M shares | 253.6K shares | |||
| Common stock, shares outstanding | 7.1M shares | 253.6K shares | |||
| Treasury stock, shares at cost | 1.6M shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $13.4M | $6.6M | |||
| ETH digital assets | $119.4M | ||||
| Equity securities, at fair value (cost basis of $0 and $8,679) | $5.8M | ||||
| Other equity securities and other holdings | $14.7M | $54.3M | |||
| Property, plant and equipment, net | $2.2M | $2.4M | |||
| Assets of discontinued operations | $13.9M | $39.8M | |||
| Other assets | $304.0K | $606.0K | |||
| Total assets | $163.8M | $109.5M | |||
| Accounts payable and accrued expenses | $5.3M | $842.0K | |||
| Short-term debt, net of issuance costs | $1.9M | $2.1M | |||
| Deferred income taxes, net | $365.0K | $2.4M | |||
| Liabilities of discontinued operations | $9.4M | $29.7M | |||
| Other liabilities | $3.3M | $228.0K | |||
| Total liabilities | $20.4M | $35.3M | |||
| Series A Preferred Shares, $25.00 par and liquidation value, 10,000,000,000 shares authorized and 888,884 shares issued and outstanding as of December 31, 2025 and 1,000,000 shares authorized and 894,580 shares issued and outstanding as of December 31, 2024 | $22.2M | $22.4M | |||
| Common stock, $0.001 par value; 180,000,000,000 shares authorized, 8,698,994 issued, and 7,080,747 outstanding as of December 31, 2025, and 800,000 shares authorized and 253,581 shares issued and outstanding as of December 31, 2024 | $70.0K | $29.0K | |||
| Treasury stock (1,618,248 shares at cost) | -$26.1M | ||||
| Additional paid-in capital | $216.7M | $50.9M | |||
| Accumulated deficit | -$68.7M | -$229.0K | |||
| Accumulated other comprehensive (loss) income | -$608.0K | $1.1M | |||
| Total stockholders equity | $143.5M | $74.2M | $37.0M | ||
| Total liabilities and stockholders equity | $163.8M | $109.5M | |||
| Equity securities, cost basis | $0 | $8.7M | |||
| Series A preferred stock, par value | $25.00 | $25.00 | |||
| Series A preferred stock, shares authorized | 10.0B shares | 1.0M shares | |||
| Series A preferred stock, shares issued | 888.9K shares | 894.6K shares | |||
| Series A preferred stock, shares outstanding | 888.9K shares | 894.6K shares | |||
| Common stock, par value | $0.00 | $0.00 | $0.00 | ||
| Common stock, shares authorized | 180.0B shares | 200.0M shares | 200.0M shares | 800.0K shares | |
| Common stock, shares issued | 8.7M shares | 253.6K shares | |||
| Common stock, shares outstanding | 7.1M shares | 253.6K shares | |||
| Treasury stock, shares at cost | 1.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss from continuing operations | -$67.6M | -$24.3M |
| Net unrealized holding loss on equity holdings | $2.5M | $5.0M |
| Loss from equity method holdings | $4.9M | $10.7M |
| Loss on disposal of fixed assets | $5.0K | |
| Net realized gain on sale of equity holdings | -$1.1M | -$306.0K |
| Realized loss on digital assets | $5.8M | |
| Unrealized measurement of fair value of ETH digital assets | $38.3M | |
| ETH rewards for staking | -$1.5M | |
| Depreciation and amortization | $304.0K | $408.0K |
| Amortization and accretion of operating leases | $75.0K | |
| Impairment of property and equipment | $1.4M | |
| Gain on merger of FGF and FGH (Note 5) | -$2.3M | |
| Deferred income taxes | -$2.1M | -$639.0K |
| Stock compensation expense | $7.8M | $1.6M |
| Other assets | $316.0K | $1.1M |
| Current income taxes | -$148.0K | $58.0K |
| Accounts payable and accrued expenses | $5.8M | $3.2M |
| Operating lease obligations | -$23.0K | |
| Net cash used in operating activities from continuing operations | -$6.7M | -$3.9M |
| Net cash (used in) provided by operating activities from discontinued operations | $413.0K | -$299.0K |
| Net cash used in operating activities | -$6.2M | -$4.2M |
| Proceeds from sales of equity securities | $3.2M | $5.0M |
| Proceeds from redemption of Saltire preferred shares | $7.5M | |
| Purchases of ETH, net of sales | -$138.0M | |
| Purchases of equity securities | -$887.0K | |
| Proceeds from sales of property and equipment | $15.0M | $6.2M |
| Collection of note receivable, net | $3.0K | $203.0K |
| Cash acquired in Merger of FGF and FGH | $1.9M | |
| Net cash (used in) provided by investing activities from continuing operations | -$128.1M | $13.3M |
| Net cash provided by (used in) investing activities from discontinued operations | $5.6M | -$140.0K |
| Net cash (used in) provided by investing activities | -$122.6M | $13.1M |
| Payment of withholding taxes in connection with vesting of RSUs | -$397.0K | -$21.0K |
| Proceeds from Private Placement Offering, net of costs | $168.6M | |
| Proceeds from sales under ATM Offering, net of costs | $14.1M | |
| Payment of dividends on preferred shares | -$1.8M | -$1.4M |
| Distribution of cash to CVR Trust | -$18.0M | |
| Net borrowings on credit facility | $97.0K | |
| Purchases of common shares | -$26.1M | |
| Purchases of Series A preferred shares | -$127.0K | |
| Principal payments on long-term debt | -$4.9M | |
| Principal payments on short-term debt | -$247.0K | -$603.0K |
| Net cash provided by (used in) financing activities from continuing operations | $136.0M | -$6.9M |
| Net cash (used in) provided by financing activities from discontinued operations | -$408.0K | -$2.0K |
| Net cash provided by (used in) financing activities | $135.6M | -$6.9M |
| Effect of exchange rate changes on cash and cash equivalents from continuing operations | $24.0K | -$11.0K |
| Effect of exchange rate changes on cash and cash equivalents from discontinued operations | -$36.0K | |
| Net decrease in cash and cash equivalents from continuing operations | $1.2M | $2.5M |
| Net increase in cash and cash equivalents from discontinued operations | $5.6M | -$477.0K |
| Net increase in cash and cash equivalents | $6.8M | $2.0M |
| Digital assets received as part of Private Placement Offering (Note 1) | $24.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led FG Communities Holdings Inc., and when. Pick a name to see everywhere that person has worked.
President
Chief financial officer
Chief operating officer
- Chief executive officerLarry G. Swets Jr. Sep 15, 2021 to Feb 22, 202412
- Chief executive officerKyle Cerminara Aug 17, 2017 to Sep 15, 202113
- Chief executive officerDouglas N. Raucy Mar 31, 2014 to Dec 19, 201714
- ChairKyle Cerminara Aug 17, 2017 to now13
- PresidentDouglas N. Raucy Mar 31, 2014 to Dec 19, 201714
- Chief financial officerMark Daniel Roberson Mar 1, 2024 to now15
- Chief financial officerHassan Baqar Aug 12, 2021 to Jan 8, 202416
- Chief financial officerJohn S. Hill Mar 31, 2014 to Apr 20, 202017
- Chief operating officerDan E. Case May 25, 2017 to Jun 19, 201818
- Chief operating officerRobert Gantley Nov 18, 2014 to Nov 18, 201419
Board members and other officers (23)
- Head of Merchant BankingLarry G. Swets Jr. Mar 1, 2024 to now20
- Chief Accounting OfficerTodd Robert Major Oct 2, 2024 to Oct 2, 202421
- OfficerKyle Cerminara Nov 21, 2024 to Nov 29, 202422
- SVP and ControllerBrian D. Bottjer Dec 2, 2019 to Dec 2, 201923
- VP/Chief Underwriting OfficerDean Stroud Jun 2, 2015 to Dec 19, 201724
- Board memberMaja Vujinovic Aug 8, 2025 to now25
- Board memberMichael C. Mitchell Mar 1, 2024 to now26
- Board memberNdamukong Suh Mar 1, 2024 to now27
- Board memberRobert J. Roschman Mar 1, 2024 to now28
- Board memberRichard Edward Govignon Jr. Dec 23, 2021 to now29
- Board memberMarsha G. King Jan 15, 2019 to Aug 14, 202030
- Board memberRita Hayes Jan 15, 2019 to now31
- Board memberE. Gray Payne May 31, 2018 to Nov 15, 202332
- Board memberKyle Cerminara Feb 15, 2017 to Nov 29, 202433
- Board memberLewis M. Johnson May 4, 2017 to Aug 17, 202034
- Board memberScott D. Wollney Apr 2, 2015 to now35
- Board memberJoshua Horowitz Apr 22, 2015 to Dec 19, 201736
- Board memberDennis Andrew Wong Aug 18, 2015 to Dec 21, 202137
- Board memberDouglas N. Raucy Mar 31, 2014 to Dec 19, 201714
- Board memberGordon G. Pratt Mar 31, 2014 to Apr 13, 201538
- Board memberHassan Baqar Mar 31, 2014 to Apr 8, 201439
- Board memberLarry G. Swets Jr. Mar 31, 2014 to Feb 22, 202440
- Board memberLeo Christopher Saenger Iii. Mar 31, 2014 to Jun 12, 201441
Former names
Timeline
Filings
404 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 110 major events, 150 insider forms, 27 large holders, 94 other. The latest 20:
- Oct 15, 20268-K EDGAR
- Oct 9, 2026DEFA14A EDGAR
- Oct 9, 2026DEF 14A EDGAR
- Sep 25, 20268-K EDGAR
- Sep 23, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Sep 16, 20268-K EDGAR
- Aug 17, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 202610-Q EDGAR
- Jul 31, 2026SCHEDULE 13G/A EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 13, 20264 EDGAR
- Jul 1, 20268-K EDGAR
- Jun 9, 20268-K EDGAR
The 404 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
27 open-market trades by officers, directors and large owners since October 2021: 20 buys and 7 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| May 21, 2025 | Mitchell Michael CDirector | Buy | 10,000 | $16.45 | $164.5K | Form 4 |
| Nov 26, 2024 | FG Financial Holdings, LLC10% owner | Buy | 10,000 | $21.77 | $217.7K | Form 4 |
| Nov 25, 2024 | Wollney Scott DDirector | Sale | 450 | $30.61 | $13.8K | Form 4 |
| Nov 25, 2024 | FG Financial Holdings, LLC10% owner | Buy | 2,712 | $18.50 | $50.2K | Form 4 |
| Nov 22, 2024 | FG Financial Holdings, LLC10% owner | Buy | 2,267 | $18.28 | $41.4K | Form 4 |
| Nov 21, 2024 | Wollney Scott DDirector | Sale | 550 | $30.32 | $16.7K | Form 4 |
| Nov 21, 2024 | Fundamental Global GP, LLC10% owner | Buy | 2,279 | $17.59 | $40.1K | Form 4 |
| Nov 20, 2024 | Fundamental Global GP, LLC10% owner | Buy | 4,586 | $16.98 | $77.9K | Form 4 |
| Nov 19, 2024 | Fundamental Global GP, LLC10% owner | Buy | 8,156 | $28.58 | $233.1K | Form 4 |
| Jun 13, 2023 | Cerminara KyleCEO and Chairman | Buy | 26,407 | $1.85 | $48.9K | Form 4 |
| Jun 12, 2023 | Cerminara KyleCEO and Chairman | Buy | 20,593 | $1.85 | $38.1K | Form 4 |
| Dec 2, 2022 | Cerminara KyleCEO and Chairman | Buy | 650 | $19.06 | $12.4K | Form 4 |
| Dec 1, 2022 | MOGLIA JOSEPH H10% owner | Buy | 1,259 | $19.54 | $24.6K | Form 4 |
| Nov 30, 2022 | MOGLIA JOSEPH H10% owner | Buy | 6,746 | $18.37 | $123.9K | Form 4 |
| Nov 29, 2022 | MOGLIA JOSEPH H10% owner | Buy | 441 | $17.07 | $7.5K | Form 4 |
| Nov 28, 2022 | MOGLIA JOSEPH H10% owner | Buy | 904 | $16.99 | $15.4K | Form 4 |
| Sep 15, 2022 | BALLANTYNE STRONG, INC.10% owner | Buy | 13,122 | $16.61 | $218.0K | Form 4 |
| Sep 14, 2022 | MOGLIA JOSEPH H10% owner | Buy | 94,574 | $3.60 | $340.5K | Form 4 |
| Sep 13, 2022 | MOGLIA JOSEPH H10% owner | Buy | 48,215 | $7.29 | $351.6K | Form 4 |
| Sep 12, 2022 | MOGLIA JOSEPH H10% owner | Buy | 68,860 | $2.73 | $188.3K | Form 4 |
All 27 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Joe MogliaSCHEDULE 13G/A, 4 filings Dec 17, 2025 to Aug 17, 202642
- CITADEL ADVISORS LLCSCHEDULE 13G/A, 2 filings Sep 12, 2025 to Aug 14, 202643
- VANGUARD CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings May 4, 2026 to Jul 31, 202644
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jan 30, 2026 to Mar 26, 202645
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 2 filings Nov 14, 2025 to Feb 17, 202646
- Point72 Asset Management, L.P.SCHEDULE 13G/A, 3 filings Sep 11, 2025 to Feb 17, 202647
- Syncracy Operational Management LLCSCHEDULE 13G/A, 2 filings Oct 23, 2025 to Dec 5, 202548
- Par Olof SandaSCHEDULE 13G/A, 1 filing Feb 12, 202549
- Fundamental Global GP, LLCSC 13D/A, 3 filings Jul 14, 2022 to Mar 1, 202450
- Peter S. LynchSC 13G, 2 filings Apr 5, 2022 to Jan 23, 202351
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 27. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 18SEC EDGARDan E. Case, Chief operating officer
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- 22SEC EDGARKyle Cerminara, Officer
- 23SEC EDGARBrian D. Bottjer, SVP and Controller
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- 25SEC EDGARMaja Vujinovic, Board member
- 26SEC EDGARMichael C. Mitchell, Board member
- 27SEC EDGARNdamukong Suh, Board member
- 28SEC EDGARRobert J. Roschman, Board member
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- 30SEC EDGARMarsha G. King, Board member
- 31SEC EDGARRita Hayes, Board member
- 32SEC EDGARE. Gray Payne, Board member
- 33SEC EDGARKyle Cerminara, Board member
- 34SEC EDGARLewis M. Johnson, Board member
- 35SEC EDGARScott D. Wollney, Board member
- 36SEC EDGARJoshua Horowitz, Board member
- 37SEC EDGARDennis Andrew Wong, Board member
- 38SEC EDGARGordon G. Pratt, Board member
- 39SEC EDGARHassan Baqar, Board member
- 40SEC EDGARLarry G. Swets Jr., Board member
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