FG Merger II Corp.
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
FGMC · Price history
Company & revenue
About FG Merger II Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
FG Merger II Corp. does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. FG Merger II Corp. was incorporated in 2023 and is based in Itasca, Illinois.
How they make money
FG Merger II Corp. is a blank check company, also known as a special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company does not have significant operations and generates no revenue from operations, relying instead on capital raised through its initial public offering to pursue a target business.
Products & services
The company provides no commercial products or services; its sole purpose is to identify and complete a business combination with a target entity.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer categories were not separately identified in the reviewed source set.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
No supplier relationships were confirmed in the sources reviewed. This does not mean the company has no suppliers.
Business relationships & partnerships
- BOXABL Inc. — The company entered into a definitive merger agreement with BOXABL Inc. to effect a business combination.Source
Sources
Company-specific research
Questions worth answering for FGMC
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Is FGMC's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is FGMC likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for FGMC to reach sustainable profitability?
- •What future growth or profitability would be needed to justify FGMC's current valuation?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of FGMC's score?
Essential Investment Snapshot
Market Cap
$85.5M
P/E Ratio
-6.5
EPS
$-1.28
52-Week High
$15.14
52-Week Low
$8.00
Beta
0.10
Shares Outstanding
8.1M
Total Debt
$0
Dividend
No current dividend
Liquidation Value / Share
$8.54
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Community Sentiment
0 active · 0 total callsNo personal call yet on FGMC.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Shell Companies industry.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$8.30
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $0.00 | $0.00 | $10.7M | $8.2M | ···· | ···· |
| Cost of Revenue | $0.00 | $0.00 | $2.5M | $2.0M | ···· | ···· |
| Gross Profit | $0.00 | $0.00 | $8.2M | $6.1M | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· |
| SG&A Expenses | $5.6M | $972K | $26K | $15.1M | ···· | ···· |
| Operating Expenses | $5.6M | $972K | $21.3M | $15.1M | ···· | ···· |
| EBITDA | -$5.6M | -$972K | $3.0M | -$9.0M | ···· | ···· |
| Operating Income | -$5.6M | -$972K | -$15.5M | -$10.3M | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | -$1.1M | ···· | ···· |
| Income Before Tax | -$12.6M | $2.1M | -$33.2M | -$15.9M | ···· | ···· |
| Income Tax Expense | $402K | $638K | $0.00 | $0.00 | ···· | ···· |
| Net Income | -$13.0M | $1.4M | -$26K | -$15.9M | ···· | ···· |
| Basic EPS | $-1.28 | $0.15 | $-0.00 | $-2.17 | ···· | ···· |
| Basic Shares | 8.00M | 7.34M | 10.90M | 7.35M | ···· | ···· |
| Diluted Shares | 8.00M | 8.08M | 10.90M | 7.35M | ···· | ···· |
Earnings Summary
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$1.38
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
Not available
Cash Change
-83.2%
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Cash position declined
Potential Score Impact
Pressure indicators included EPS growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 2738.6%. Cash declined 83.2%.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
6 historical recordsHistorical Score Chart
3 of 6 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
No news available for FGMC.
Rumor Mill · FGMC
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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