FG Communities Holdings Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission on November 6, 2026, reporting financial results for both the three and nine months ended September 30, 2026.

Key Highlights

  • Nine-month net loss of $57.282 million: The company reported a consolidated net loss of $57,282 thousand for the nine months ended September 30, 2026, compared to a net loss of $7,675 thousand in the same period of 2025.
  • Discontinued operations drove losses: Net loss from discontinued operations totaled $43,717 thousand for the nine months ended September 30, 2026, compared to net income of $13,953 thousand in the prior-year period.
  • Total assets fell sharply: Total assets were $59,793 thousand as of September 30, 2026, down from $163,844 thousand as of December 31, 2025, primarily reflecting the removal of $133,267 thousand in assets of discontinued operations.
  • Accumulated deficit widened: The accumulated deficit increased to $127,056 thousand as of September 30, 2026 from $68,743 thousand as of December 31, 2025.
  • Reverse stock split in effect: A 1-for-5 reverse stock split became effective on February 13, 2026; share counts and per-share data throughout the filing reflect this retroactively.
  • Common shares outstanding: As of November 4, 2026, the company had 4,575,300 shares of common stock outstanding.
  • Series A Preferred Shares reduced: Shares of 8.00% Cumulative Preferred Stock, Series A outstanding declined to 601,412 as of September 30, 2026 from 888,884 as of December 31, 2025, reflecting ongoing repurchases.

FG Communities Holdings Reports Q3 2026 Results Amid Discontinued Operations and Share Repurchases

According to the filing, FG Communities Holdings Inc. (NASDAQ:FGC), formerly named FG Nexus Inc., reported total revenue of $232 thousand for the three months ended September 30, 2026, compared to $251 thousand in the same quarter of 2025. For the nine-month period, total revenue was $704 thousand versus $696 thousand in the prior year. Revenue consisted of rental income and merchant banking advisory fees in both periods.

The company disclosed a loss from operations of $1,747 thousand for the third quarter of 2026, compared to a loss of $9,997 thousand in the third quarter of 2025. For the nine months ended September 30, 2026, the loss from operations was $6,953 thousand, against $13,871 thousand in the comparable prior-year period. General and administrative expenses for the nine-month period were $7,276 thousand in 2026 versus $6,787 thousand in 2025, while stock-based compensation fell to $381 thousand from $7,775 thousand year-over-year. Net loss from continuing operations for the nine months was $13,565 thousand, compared to $21,628 thousand in 2025.

The filing indicates that the net loss attributable to common shareholders for the nine months ended September 30, 2026 was $58,313 thousand, or $(9.86) per basic and diluted share, reflecting the net loss as well as $1,005 thousand in dividends declared on Series A Preferred Shares and a $26 thousand premium on repurchase of those shares. Treasury stock increased to $48,900 thousand (covering 4,141,731 shares) as of September 30, 2026, from $26,133 thousand (1,618,248 shares) as of December 31, 2025, reflecting ongoing repurchases of both common and preferred stock during the nine-month period.

What Was Disclosed

FG Communities Holdings Inc. disclosed its unaudited condensed consolidated financial statements for the quarter and nine months ended September 30, 2026, including balance sheet data, income statement results, stockholders' equity changes, and information regarding discontinued operations and a 1-for-5 reverse stock split effective February 13, 2026.