FGI · Fgi Industries Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.50M | - | $35.85M | $31.00M | $33.21M | - | $36.10M | $29.37M | $30.75M | - |
| Cost of Revenue | $22.34M | - | $26.35M | $22.29M | $24.31M | - | $26.79M | $20.41M | $22.34M | - |
| Gross Profit | $8.16M | - | $9.50M | $8.71M | $8.90M | - | $9.31M | $8.96M | $8.41M | - |
| R&D | $282.6K | - | $283.9K | $484.5K | $316.7K | - | $452.0K | $530.8K | $320.7K | - |
| SG&A | $2.35M | - | $2.78M | $2.84M | $2.70M | - | $2.64M | $2.62M | $2.28M | - |
| Total Operating Expenses | $8.85M | - | $9.13M | $9.54M | $10.18M | - | $9.37M | $9.41M | $8.73M | - |
| D&A | $177.1K | - | $182.8K | $163.9K | $147.3K | - | $125.2K | $111.6K | $87.9K | - |
| Operating Income | ($691.4K) | - | $369.7K | ($832.3K) | ($1.28M) | - | ($65.8K) | ($450.4K) | ($320.9K) | - |
| Interest Expense | $354.9K | - | $402.8K | $282.2K | $222.2K | - | $366.4K | $293.7K | $222.2K | - |
| Income Tax | $24.7K | - | $1.88M | ($214.6K) | ($739.5K) | - | $267.5K | ($298.4K) | $22.3K | - |
| Net Income | ($969.4K) | - | ($1.65M) | ($1.23M) | ($629.1K) | - | ($550.1K) | $163.6K | ($412.2K) | - |
| EPS - Basic | ($0.50) | - | ($0.86) | ($0.64) | ($0.07) | - | ($0.06) | $0.02 | ($0.04) | - |
| EPS - Diluted | ($0.50) | - | ($0.86) | ($0.64) | ($0.07) | - | ($0.06) | $0.02 | ($0.04) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2.70M | $1.90M | $1.90M | $2.50M | $1.20M | $4.60M | $3.00M | $1.30M | $3.30M | $7.80M |
| Accounts Receivable | $13.64M | $13.85M | $18.13M | $15.70M | $18.93M | $20.29M | $19.01M | $17.59M | $15.75M | $16.20M |
| Inventory | $14.23M | $15.29M | $12.34M | $12.68M | $12.55M | $13.96M | $13.79M | $12.80M | $11.55M | $9.92M |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $50.94M | $51.54M | $52.69M | $49.13M | $46.53M | $52.90M | $52.40M | $47.50M | $48.57M | $46.11M |
| Total Assets | $68.15M | $69.54M | $73.04M | $71.70M | $68.46M | $75.46M | $74.66M | $69.88M | $68.64M | $65.74M |
| Current Liabilities | $44.26M | $43.91M | $44.23M | $40.62M | $37.21M | $42.54M | $39.70M | $34.01M | $31.82M | $28.04M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $53.84M | $53.93M | $54.60M | $51.43M | $47.55M | $53.90M | $51.76M | $46.53M | $45.05M | $41.72M |
| Stockholders' Equity | $16.16M | $17.28M | $19.74M | $21.28M | $21.79M | $22.25M | $23.52M | $23.81M | $23.87M | $24.18M |
| Retained Earnings | ($3.90M) | ($2.93M) | ($299.5K) | $1.35M | $2.58M | $3.21M | $3.61M | $4.16M | $4.00M | $4.41M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($325.7K) | - | - | - | ($1.65M) | - | - | - | ($8.29M) | - |
| Investing Cash Flow | ($79.7K) | - | - | - | ($450.2K) | - | - | - | ($609.0K) | - |
| Financing Cash Flow | $1.27M | - | - | - | ($1.33M) | - | - | - | $4.48M | - |
| CapEx | $79.7K | - | - | - | $349.9K | - | - | - | $609.0K | - |
| Free Cash Flow | ($405.4K) | - | - | - | ($2.00M) | - | - | - | ($8.90M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 26.8% | - | 26.5% | 28.1% | 26.8% | - | 25.8% | 30.5% | 27.4% | - |
| Operating margin | -2.3% | - | 1.0% | -2.7% | -3.9% | - | -0.2% | -1.5% | -1.0% | - |
| EBITDA margin | -1.7% | - | 1.5% | -2.2% | -3.4% | - | 0.2% | -1.2% | -0.8% | - |
| Net margin | -3.2% | - | -4.6% | -4.0% | -1.9% | - | -1.5% | 0.6% | -1.3% | - |
| Free cash flow margin | -1.3% | - | - | - | -6.0% | - | - | - | -28.9% | - |
| FCF / Net income | 0.42 | - | - | - | 3.18 | - | - | - | 21.60 | - |
| R&D / Revenue | 0.9% | - | 0.8% | 1.6% | 1.0% | - | 1.3% | 1.8% | 1.0% | - |
| SG&A / Revenue | 7.7% | - | 7.8% | 9.2% | 8.1% | - | 7.3% | 8.9% | 7.4% | - |
| Effective tax rate | - | - | 823.4% | - | - | - | - | - | - | - |
| Return on assets | -1.4% | - | -2.3% | -1.7% | -0.9% | - | -0.7% | 0.2% | -0.6% | - |
| Return on equity | -6.0% | - | -8.4% | -5.8% | -2.9% | - | -2.3% | 0.7% | -1.7% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.15 | 1.17 | 1.19 | 1.21 | 1.25 | 1.24 | 1.32 | 1.40 | 1.53 | 1.64 |
| Quick ratio | 0.83 | 0.83 | 0.91 | 0.90 | 0.91 | 0.92 | 0.97 | 1.02 | 1.16 | 1.29 |
| Cash ratio | 0.06 | 0.04 | 0.04 | 0.06 | 0.03 | 0.11 | 0.08 | 0.04 | 0.10 | 0.28 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -1.9x | - | 0.9x | -2.9x | -5.8x | - | -0.2x | -1.5x | -1.4x | - |
| Equity multiplier | 4.22 | 4.02 | 3.70 | 3.37 | 3.14 | 3.39 | 3.17 | 2.93 | 2.88 | 2.72 |
| Liabilities / Assets | 0.79 | 0.78 | 0.75 | 0.72 | 0.69 | 0.71 | 0.69 | 0.67 | 0.66 | 0.63 |
| Efficiency | ||||||||||
| Asset turnover | 0.45 | - | 0.49 | 0.43 | 0.49 | - | 0.48 | 0.42 | 0.45 | - |
| Inventory turnover | 1.57 | - | 2.14 | 1.76 | 1.94 | - | 1.94 | 1.59 | 1.93 | - |
| Days sales outstanding | 163d | - | 185d | 185d | 208d | - | 192d | 219d | 187d | - |
| Days inventory outstanding | 232d | - | 171d | 208d | 188d | - | 188d | 229d | 189d | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -8.2% | - | -0.7% | 5.5% | 8.0% | - | 20.6% | 0.6% | 13.2% | - |
| Revenue CAGR (3y) | 3.9% | - | -11.0% | -13.4% | -8.7% | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -8.3% | - | 2.0% | -2.9% | 5.8% | - | 18.9% | 11.9% | 16.8% | - |
| Operating income growth (YoY) | 46.0% | - | - | -84.8% | -299.1% | - | - | - | -10864.6% | - |
| Net income growth (YoY) | -54.1% | - | -200.2% | - | -52.6% | - | - | 84.9% | -35.9% | - |
| EPS growth (YoY) | -614.3% | - | -1333.3% | - | -75.0% | - | - | 100.0% | -33.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | 79.7% | - | - | - | 77.5% | - | - | - | -582.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -25.8% | -22.3% | -16.1% | -10.6% | -8.7% | -8.0% | 1.1% | 4.3% | 5.7% | 6.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$130.53M totalKitchen And Bath Segment$130.53M · 100.0%
Product / service
$130.53M totalSanitaryware$80.33M · 61.5%
Shower System$22.58M · 17.3%
Bath Furniture Products$14.20M · 10.9%
Kitchen And Bath Other$13.41M · 10.3%
Geographic
$130.53M totalUS$80.69M · 61.8%
CA$33.35M · 25.5%
Europe$14.21M · 10.9%
Countries Other Than United States Canada And Europe$2.28M · 1.7%
Peer comparison
Same SIC group: Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
Comparing FGI Industries Ltd. against the 2 most active filers in the same SIC group.