FGI Industries Ltd.FGIEarnings & Financial Report
FGI Industries Ltd is a global designer, manufacturer and distributor of kitchen and bath products, home organization solutions, and home improvement goods. It serves major retail chains, home specialty stores and e-commerce platforms across North America, Europe and the Asia-Pacific region.
Revenue
$30.8M
Gross Profit
$8.4M
Operating Profit
$-320.9K
Net Profit
$-412.2K
Gross Margin
27.4%
Operating Margin
-1.0%
Net Margin
-1.3%
YoY Growth
13.2%
EPS
$-0.04
FGI Industries Ltd. Q1 FY2024 Financial Summary
FGI Industries Ltd. reported revenue of $30.8M (up 13.2% YoY) for Q1 FY2024, with a net profit of $-412.2K (down 35.9% YoY) (-1.3% margin). Cost of goods sold was $22.3M, operating expenses totaled $8.7M.
Key Financial Metrics
| Total Revenue | $30.8M |
|---|---|
| Net Profit | $-412.2K |
| Gross Margin | 27.4% |
| Operating Margin | -1.0% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
FGI Industries Ltd. Q1 FY2024 revenue of $30.8M breaks down across 4 segments, led by Sanitaryware at $20.5M (66.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Sanitaryware | $20.5M | 66.7% |
| Shower System | $5.8M | 18.7% |
| Bath Furniture Products | $3.1M | 10.0% |
| Kitchen And Bath Other | $1.4M | 4.5% |
FGI Industries Ltd. Revenue by Segment — Quarterly Trend
FGI Industries Ltd. revenue by segment across the last 4 reported quarters, showing how each business line (such as Sanitaryware and Shower System) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Sanitaryware | $19.1M | $22.9M | — | $20.2M |
| Shower System | $5.8M | $5.9M | — | $5.7M |
| Bath Furniture Products | $2.3M | $3.7M | — | $4.1M |
| Kitchen And Bath Other | $3.3M | $3.3M | — | $3.3M |
FGI Industries Ltd. Annual Revenue by Year
FGI Industries Ltd. annual revenue history includes year-by-year totals (for example, 2025 revenue was $130.5M).
| Year | Annual Revenue |
|---|---|
| 2025 | $130.5M |
| 2024 | $131.8M |
| 2023 | $117.2M |
| 2022 | $161.7M |
FGI Industries Ltd. Quarterly Revenue & Net Profit History
FGI Industries Ltd. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $30.5M | -14.4% | $-2.6M | -8.6% |
| Q3 FY2025 | $35.8M | -0.7% | $-1.7M | -4.6% |
| Q2 FY2025 | $31.0M | +5.5% | $-1.2M | -4.0% |
| Q1 FY2025 | $33.2M | +8.0% | $-629.1K | -1.9% |
| Q4 FY2024 | $35.6M | +15.0% | $-402.3K | -1.1% |
| Q3 FY2024 | $36.1M | +20.6% | $-550.1K | -1.5% |
| Q2 FY2024 | $29.4M | +0.6% | $163.6K | 0.6% |
| Q1 FY2024 | $30.8M | +13.2% | $-412.2K | -1.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $30.8M | $29.4M | $36.1M | $35.6M | $33.2M | $31.0M | $35.8M | $30.5M |
| YoY Growth | 13.2% | 0.6% | 20.6% | 15.0% | 8.0% | 5.5% | -0.7% | -14.4% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $68.6M | $69.9M | $74.7M | $75.5M | $68.5M | $71.7M | $73.0M | $69.5M |
| Liabilities | $45.0M | $46.5M | $51.8M | $53.9M | $47.5M | $51.4M | $54.6M | $53.9M |
| Equity | $23.9M | $23.8M | $23.5M | $22.3M | $21.8M | $21.3M | $19.7M | $17.3M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-8.0M | $862121 | $-914967 | $617428 | $-7.4M | $7.6M | $-1.9M | $2.3M |