Updated
The most significant concentration Falcon's Beyond Global discloses is two large FCG clients (QIC, New Murabba), classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Falcon's Beyond Global’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'A significant portion of FCG's and our revenue is derived from two large clients of FCG and any loss of, or decrease in services to, those clients could harm FCG's and our results of operations.'”
Falcon's Beyond Global's disclosed concentration risk is customer-side and tied to its FCG business line. A significant portion of FCG's and the company's revenue is derived from two large clients of FCG, and any loss of, or decrease in services to, those clients could harm FCG's and the company's results of operations, a dependency-type exposure disclosed at a medium share. No supplier, geographic, or product-line concentration is disclosed alongside this, so the customer concentration in FCG is the sole reported concentration risk. Because the filing doesn't quantify the two clients' individual share, the precise revenue-at-risk isn't derivable from the disclosure — the practical read is that FCG's results, and by extension a portion of the parent company's results, are tied to the continuity of two large client relationships rather than a broad, diversified customer base. At a medium disclosed share, this isn't framed as an extreme concentration, but it's the one factor investors should track for FCG specifically: any deterioration in either of the two named large-client relationships would flow through to both FCG's and the consolidated company's results. Net, this is a contained but real customer-dependency risk sitting within one business segment rather than across the whole enterprise.
For the engine’s reasoning on FBYD’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AIRTP | Air T, Inc. - Trust Preferred S | 0 | 1 | 0 | 1 |
| CODI | D/B/A Compass Diversified Holdi | 0 | 1 | 0 | 1 |
| DLX | Deluxe Corporation | 0 | 1 | 0 | 1 |
| FBYD● | Falcon's Beyond Global, Inc. | 0 | 1 | 0 | 1 |
| BOC | Boston Omaha Corporation | 0 | 0 | 0 | 0 |
| FIP | FTAI Infrastructure Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.