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Side-by-side financial comparison of FGI Industries Ltd. (FGI) and ZEVRA THERAPEUTICS, INC. (ZVRA). Click either name above to swap in a different company.

ZEVRA THERAPEUTICS, INC. is the larger business by last-quarter revenue ($34.1M vs $30.5M, roughly 1.1× FGI Industries Ltd.). On growth, ZEVRA THERAPEUTICS, INC. posted the faster year-over-year revenue change (183.4% vs -14.4%). ZEVRA THERAPEUTICS, INC. produced more free cash flow last quarter ($5.5M vs $2.3M). Over the past eight quarters, ZEVRA THERAPEUTICS, INC.'s revenue compounded faster (215.7% CAGR vs -0.5%).

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.

Zevra Therapeutics Inc. is a clinical-stage biopharmaceutical company dedicated to developing novel therapies for patients with rare under-treated orphan diseases, with a primary focus on central nervous system and metabolic rare disorder segments. Its main target markets are North America and the European Union.

FGI vs ZVRA — Head-to-Head

Bigger by revenue
ZVRA
ZVRA
1.1× larger
ZVRA
$34.1M
$30.5M
FGI
Growing faster (revenue YoY)
ZVRA
ZVRA
+197.8% gap
ZVRA
183.4%
-14.4%
FGI
More free cash flow
ZVRA
ZVRA
$3.2M more FCF
ZVRA
$5.5M
$2.3M
FGI
Faster 2-yr revenue CAGR
ZVRA
ZVRA
Annualised
ZVRA
215.7%
-0.5%
FGI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FGI
FGI
ZVRA
ZVRA
Revenue
$30.5M
$34.1M
Net Profit
$-2.6M
Gross Margin
26.7%
Operating Margin
-2.2%
27.3%
Net Margin
-8.6%
Revenue YoY
-14.4%
183.4%
Net Profit YoY
-553.1%
EPS (diluted)
$-1.63

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FGI
FGI
ZVRA
ZVRA
Q4 25
$30.5M
$34.1M
Q3 25
$35.8M
$26.1M
Q2 25
$31.0M
$25.9M
Q1 25
$33.2M
$20.4M
Q4 24
$35.6M
$12.0M
Q3 24
$36.1M
$3.7M
Q2 24
$29.4M
$4.4M
Q1 24
$30.8M
$3.4M
Net Profit
FGI
FGI
ZVRA
ZVRA
Q4 25
$-2.6M
Q3 25
$-1.7M
$-544.0K
Q2 25
$-1.2M
$74.7M
Q1 25
$-629.1K
$-3.1M
Q4 24
$-402.3K
Q3 24
$-550.1K
$-33.2M
Q2 24
$163.6K
$-19.9M
Q1 24
$-412.2K
$-16.6M
Gross Margin
FGI
FGI
ZVRA
ZVRA
Q4 25
26.7%
Q3 25
26.5%
Q2 25
28.1%
Q1 25
26.8%
Q4 24
24.6%
Q3 24
25.8%
Q2 24
30.5%
Q1 24
27.4%
Operating Margin
FGI
FGI
ZVRA
ZVRA
Q4 25
-2.2%
27.3%
Q3 25
1.0%
15.9%
Q2 25
-2.7%
-274.5%
Q1 25
-3.9%
-26.3%
Q4 24
-3.5%
-128.0%
Q3 24
-0.2%
-739.0%
Q2 24
-1.5%
-534.8%
Q1 24
-1.0%
-598.1%
Net Margin
FGI
FGI
ZVRA
ZVRA
Q4 25
-8.6%
Q3 25
-4.6%
-2.1%
Q2 25
-4.0%
288.7%
Q1 25
-1.9%
-15.2%
Q4 24
-1.1%
Q3 24
-1.5%
-899.2%
Q2 24
0.6%
-447.9%
Q1 24
-1.3%
-485.3%
EPS (diluted)
FGI
FGI
ZVRA
ZVRA
Q4 25
$-1.63
Q3 25
$-0.86
$-0.01
Q2 25
$-0.64
$1.21
Q1 25
$-0.07
Q4 24
$-0.38
Q3 24
$-0.29
$-0.69
Q2 24
$0.08
$-0.48
Q1 24
$-0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FGI
FGI
ZVRA
ZVRA
Cash + ST InvestmentsLiquidity on hand
$1.9M
$62.4M
Total DebtLower is stronger
$61.9M
Stockholders' EquityBook value
$17.3M
$154.7M
Total Assets
$69.5M
$284.7M
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FGI
FGI
ZVRA
ZVRA
Q4 25
$1.9M
$62.4M
Q3 25
$1.9M
$54.4M
Q2 25
$2.5M
$47.7M
Q1 25
$1.2M
$37.3M
Q4 24
$4.6M
$33.8M
Q3 24
$3.0M
$54.0M
Q2 24
$1.3M
$39.3M
Q1 24
$3.3M
$42.8M
Total Debt
FGI
FGI
ZVRA
ZVRA
Q4 25
$61.9M
Q3 25
$61.3M
Q2 25
$60.7M
Q1 25
Q4 24
$59.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FGI
FGI
ZVRA
ZVRA
Q4 25
$17.3M
$154.7M
Q3 25
$19.7M
$133.2M
Q2 25
$21.3M
$117.2M
Q1 25
$21.8M
$41.0M
Q4 24
$22.3M
$39.7M
Q3 24
$23.5M
$69.8M
Q2 24
$23.8M
$32.5M
Q1 24
$23.9M
$48.8M
Total Assets
FGI
FGI
ZVRA
ZVRA
Q4 25
$69.5M
$284.7M
Q3 25
$73.0M
$270.1M
Q2 25
$71.7M
$256.3M
Q1 25
$68.5M
$172.7M
Q4 24
$75.5M
$178.1M
Q3 24
$74.7M
$191.6M
Q2 24
$69.9M
$144.4M
Q1 24
$68.6M
$151.3M
Debt / Equity
FGI
FGI
ZVRA
ZVRA
Q4 25
0.40×
Q3 25
0.46×
Q2 25
0.52×
Q1 25
Q4 24
1.50×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FGI
FGI
ZVRA
ZVRA
Operating Cash FlowLast quarter
$2.3M
$5.5M
Free Cash FlowOCF − Capex
$2.3M
$5.5M
FCF MarginFCF / Revenue
7.5%
16.1%
Capex IntensityCapex / Revenue
0.2%
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-212.5K
$-2.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FGI
FGI
ZVRA
ZVRA
Q4 25
$2.3M
$5.5M
Q3 25
$-1.9M
$4.7M
Q2 25
$7.6M
$-3.6M
Q1 25
$-7.4M
$-8.2M
Q4 24
$617.4K
$-16.3M
Q3 24
$-915.0K
$-18.1M
Q2 24
$862.1K
$-19.1M
Q1 24
$-8.0M
$-16.2M
Free Cash Flow
FGI
FGI
ZVRA
ZVRA
Q4 25
$2.3M
$5.5M
Q3 25
$-2.1M
$4.2M
Q2 25
$7.4M
$-3.8M
Q1 25
$-7.7M
$-8.3M
Q4 24
$-214.1K
Q3 24
$-1.1M
Q2 24
$281.5K
Q1 24
$-8.6M
FCF Margin
FGI
FGI
ZVRA
ZVRA
Q4 25
7.5%
16.1%
Q3 25
-5.9%
15.9%
Q2 25
23.8%
-14.7%
Q1 25
-23.3%
-40.8%
Q4 24
-0.6%
Q3 24
-3.0%
Q2 24
1.0%
Q1 24
-28.0%
Capex Intensity
FGI
FGI
ZVRA
ZVRA
Q4 25
0.2%
0.1%
Q3 25
0.7%
2.1%
Q2 25
0.7%
0.8%
Q1 25
1.1%
0.5%
Q4 24
2.3%
0.0%
Q3 24
0.5%
0.0%
Q2 24
2.0%
0.0%
Q1 24
2.0%
0.0%
Cash Conversion
FGI
FGI
ZVRA
ZVRA
Q4 25
Q3 25
Q2 25
-0.05×
Q1 25
Q4 24
Q3 24
Q2 24
5.27×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FGI
FGI

Sanitaryware$19.1M63%
Shower System$5.8M19%
Kitchen And Bath Other$3.3M11%
Bath Furniture Products$2.3M7%

ZVRA
ZVRA

MIPLYFFA$26.4M77%
Arimoclomol Purchase Agreement$5.7M17%
Other$2.0M6%

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