NASDAQ : FGI
FGI Industries Ltd. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 8.39 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 16.20M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
FGI Industries Ltd. (FGI) reported revenue of 128.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 128.70M | 130.53M | 131.82M | 117.24M | 161.72M | 181.94M |
| Cost of Revenue | 92.24M | 95.28M | 96.39M | 85.16M | 130.21M | 149.74M |
| Gross Profit | 36.47M | 35.25M | 35.43M | 32.08M | 31.51M | 32.20M |
| Selling, General & Admin | 34.74M | 36.24M | 35.83M | 28.40M | 25.36M | 23.83M |
| Research & Development | 1.31M | 1.42M | 1.70M | 1.38M | 1.05M | 646.07K |
| Operating Expenses | 36.05M | 37.65M | 37.53M | 29.77M | 26.42M | 24.48M |
| Operating Income | 420.32K | -2.40M | -2.10M | 2.30M | 5.09M | 7.72M |
| Interest Expense | -1.55M | -1.33M | -1.25M | -749.73K | -600.80K | -411.19K |
| Interest & Investment Income | 5.58K | 5.14K | 9.79K | 10.54K | 3.16K | 37.14K |
| Other Non Operating Income (Expenses) | 69.01K | -611.39K | 1.05M | -177.47K | 46.21K | 1.52M |
| Pretax Income | -1.06M | -4.34M | -2.28M | 1.39M | 4.54M | 8.87M |
| Income Tax Expense | 3.91M | 2.79M | -547.82K | 808.22K | 860.63K | 961.63K |
| Earnings From Continuing Operations | -4.96M | -7.13M | -1.73M | 579.56K | 3.68M | 7.91M |
| Minority Interest in Earnings | 1.01M | 985.88K | 533.19K | 154.04K | ||
| Net Income | -3.95M | -6.14M | -1.20M | 733.60K | 3.68M | 7.91M |
| Net Income to Common | -3.95M | -6.14M | -1.20M | 733.60K | 3.68M | 7.91M |
| Shares Outstanding (Basic) | 1.92M | 1.92M | 1.91M | 1.91M | 1.87M | 1.40M |
| Shares Outstanding (Diluted) | 1.92M | 1.92M | 1.91M | 1.96M | 1.87M | 1.40M |
| EPS (Basic) | -2.06 | -3.20 | -0.63 | 0.39 | 1.97 | 5.65 |
| EPS (Diluted) | -2.06 | -3.20 | -0.63 | 0.35 | 1.95 | 5.65 |
| Free Cash Flow | 1.79M | -212.52K | -9.63M | 1.37M | -83.96K | -3.28M |
| Free Cash Flow Per Share | 0.93 | -0.11 | -5.04 | 0.70 | -0.04 | -2.34 |
| Gross Margin | 28.33% | 27.01% | 26.88% | 27.36% | 19.48% | 17.70% |
| Operating Margin | 0.33% | -1.84% | -1.59% | 1.97% | 3.15% | 4.25% |
| Profit Margin | -3.07% | -4.70% | -0.91% | 0.63% | 2.28% | 4.35% |
| Free Cash Flow Margin | 1.39% | -0.16% | -7.31% | 1.17% | -0.05% | -1.80% |
| EBITDA | 1.02M | -1.73M | -1.62M | 4.32M | 5.31M | 8.01M |
| EBITDA Margin | 0.79% | -1.33% | -1.23% | 3.69% | 3.28% | 4.40% |
| D&A For EBITDA | 600.88K | 667.43K | 474.83K | 2.02M | 218.66K | 287.08K |
| EBIT | 420.32K | -2.40M | -2.10M | 2.30M | 5.09M | 7.72M |
| EBIT Margin | 0.33% | -1.84% | -1.59% | 1.97% | 3.15% | 4.25% |
| Effective Tax Rate | 58.24% | 18.95% | 10.84% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.42M | 1.90M | 4.56M | 7.78M | 10.07M | 3.88M |
| Cash & Short-Term Investments | 4.42M | 1.90M | 4.56M | 7.78M | 10.07M | 3.88M |
| Accounts Receivable | 15.48M | 13.85M | 20.29M | 16.20M | 14.30M | 26.35M |
| Receivables | 15.48M | 13.85M | 20.29M | 16.20M | 14.30M | 26.35M |
| Inventory | 12.04M | 15.29M | 13.96M | 9.92M | 13.29M | 21.26M |
| Prepaid Expenses | 18.44M | 19.20M | 13.80M | 11.55M | 7.67M | 4.49M |
| Other Current Assets | 1.12M | 1.30M | 284.85K | 664.41K | 561.82K | 179.84K |
| Total Current Assets | 51.51M | 51.54M | 52.90M | 46.11M | 45.89M | 56.16M |
| Property, Plant & Equipment | 13.57M | 14.89M | 16.38M | 17.11M | 11.09M | 8.48M |
| Other Intangible Assets | 1.61M | 1.73M | 1.85M | 102.23K | 42.68K | |
| Long-Term Deferred Tax Assets | 204.18K | 211.58K | 2.67M | 1.17M | 1.27M | 1.48M |
| Other Long-Term Assets | 918.86K | 1.16M | 1.67M | 1.25M | 2.13M | 2.99M |
| Total Assets | 67.81M | 69.54M | 75.46M | 65.74M | 60.37M | 69.15M |
| Accounts Payable | 22.99M | 24.74M | 20.24M | 15.26M | 14.82M | 32.01M |
| Accrued Expenses | 6.07M | 5.61M | 5.91M | 4.04M | 3.58M | 5.51M |
| Short-Term Debt | 13.03M | 11.87M | 14.50M | 6.96M | 9.80M | 14.66M |
| Current Portion of Leases | 1.74M | 1.70M | 1.87M | 1.60M | 1.54M | 1.32M |
| Current Income Taxes Payable | 23.19K | 189.12K | 33.35K | 1.22M | ||
| Total Current Liabilities | 43.83M | 43.91M | 42.54M | 28.04M | 29.78M | 54.72M |
| Long-Term Leases | 8.91M | 10.01M | 11.35M | 13.67M | 7.85M | 6.88M |
| Total Liabilities | 52.74M | 53.93M | 53.90M | 41.72M | 37.62M | 61.60M |
| Common Stock | 966.00 | 960.00 | 956.00 | 955.00 | 950.00 | 7.55M |
| Additional Paid-In Capital | 21.62M | 21.61M | 21.28M | 20.88M | 20.46M | |
| Retained Earnings | -2.60M | -2.93M | 3.21M | 4.41M | 3.68M | |
| Comprehensive Income & Other | -1.94M | -1.40M | -2.24M | -1.11M | -1.40M | |
| Total Common Equity | 17.08M | 17.28M | 22.25M | 24.18M | 22.74M | 7.55M |
| Minority Interest | -2.02M | -1.67M | -687.23K | -154.04K | ||
| Shareholders' Equity | 15.06M | 15.61M | 21.57M | 24.03M | 22.74M | 7.55M |
| Total Liabilities & Equity | 67.81M | 69.54M | 75.46M | 65.74M | 60.37M | 69.15M |
| Total Debt | 23.68M | 23.58M | 27.72M | 22.23M | 19.19M | 22.86M |
| Net Cash (Debt) | -19.26M | -21.68M | -23.17M | -14.45M | -9.12M | -18.97M |
| Net Cash Per Share | -10.02 | -11.30 | -12.11 | -7.36 | -4.88 | -13.55 |
| Filing Date Shares Outstanding | 1.93M | 1.93M | 1.92M | 1.91M | 1.90M | 1.90M |
| Total Common Shares Outstanding | 1.93M | 1.92M | 1.91M | 1.91M | 1.90M | 1.40M |
| Working Capital | 7.67M | 7.63M | 10.36M | 18.07M | 16.11M | 1.45M |
| Book Value Per Share | 8.84 | 9.00 | 11.63 | 12.66 | 11.97 | 5.39 |
| Tangible Book Value | 15.47M | 15.55M | 20.40M | 24.08M | 22.74M | 7.51M |
| Tangible Book Value Per Share | 8.01 | 8.10 | 10.67 | 12.61 | 11.97 | 5.36 |
| Buildings | 946.07K | 946.07K | 946.07K | 946.07K | 946.07K | |
| Machinery | 4.48M | 4.41M | 4.00M | 2.05M | 2.94M | 2.95M |
| Leasehold Improvements | 2.41M | 2.39M | 1.92M | 1.70M | 1.07M | 1.04M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -3.95M | -6.14M | -1.20M | 733.60K | 3.68M | 7.91M |
| Depreciation & Amortization | 600.88K | 667.43K | 474.83K | 2.02M | 218.66K | 287.08K |
| Other Amortization | 2.27M | 2.24M | 2.70M | |||
| Loss (Gain) From Sale of Assets | 14.82K | |||||
| Stock-Based Compensation | 139.11K | 333.18K | 401.22K | 417.98K | 383.57K | |
| Provision & Write-off of Bad Debts | 107.88K | 165.80K | 137.59K | 78.64K | 261.38K | 30.82K |
| Other Operating Activities | 2.81M | 2.04M | -2.43M | -723.57K | -1.48M | 412.64K |
| Change in Accounts Receivable | -324.59K | 6.27M | -4.93M | -1.13M | 13.49M | -11.12M |
| Change in Inventory | 636.38K | -1.33M | -4.03M | 3.37M | 7.97M | -12.96M |
| Change in Accounts Payable | 1.34M | 4.49M | 4.98M | 436.50K | -17.19M | 12.50M |
| Change in Income Taxes | -322.63K | -447.27K | -165.93K | 155.77K | -1.19M | 640.90K |
| Change in Other Net Operating Assets | -1.01M | -7.62M | -3.36M | -3.15M | -5.17M | -936.28K |
| Operating Cash Flow | 2.29M | 673.22K | -7.43M | 2.21M | 980.26K | -3.22M |
| Capital Expenditures | -499.73K | -885.74K | -2.21M | -840.39K | -1.06M | -57.84K |
| Sale of Property, Plant & Equipment | 400.00 | 5.95K | ||||
| Sale (Purchase) of Intangibles | -60.37K | -130.11K | -669.76K | -925.35K | ||
| Investing Cash Flow | -560.10K | -1.02M | -2.88M | -1.77M | -1.06M | -51.89K |
| Short-Term Debt Issued | 60.35M | 74.14M | 5.26M | |||
| Total Debt Issued | 85.48M | 60.35M | 74.14M | 5.26M | ||
| Short-Term Debt Repaid | -62.98M | -66.59M | -2.84M | -4.86M | ||
| Total Debt Repaid | -85.00M | -62.98M | -66.59M | -2.84M | -4.86M | |
| Net Debt Issued (Repaid) | 476.49K | -2.63M | 7.54M | -2.84M | -4.86M | 5.26M |
| Issuance of Common Stock | 12.37M | |||||
| Common Dividends Paid | -1.95M | |||||
| Other Financing Activities | -498.00K | |||||
| Financing Cash Flow | 476.49K | -2.63M | 7.54M | -2.84M | 7.01M | 3.32M |
| Foreign Exchange Rate Adjustments | -307.96K | 317.81K | -461.14K | 98.60K | -743.48K | -182.28K |
| Net Cash Flow | 1.90M | -2.66M | -3.22M | -2.29M | 6.18M | -134.66K |
| Free Cash Flow | 1.79M | -212.52K | -9.63M | 1.37M | -83.96K | -3.28M |
| Free Cash Flow Margin | 1.39% | -0.16% | -7.31% | 1.17% | -0.05% | -1.80% |
| Free Cash Flow Per Share | 0.93 | -0.11 | -5.04 | 0.70 | -0.04 | -2.34 |
| Levered Free Cash Flow | 3.91M | 2.76M | -4.71M | 175.60K | -1.50M | -2.13M |
| Unlevered Free Cash Flow | 4.88M | 3.59M | -3.93M | 644.18K | -1.12M | -1.87M |
| Cash Interest Paid | 1.47M | 1.34M | 1.23M | 749.65K | 600.04K | 406.86K |
| Cash Income Tax Paid | 750.57K | 766.90K | 1.11M | 552.16K | 1.84M | 545.10K |
| Change in Working Capital | 321.69K | 1.37M | -7.51M | -311.33K | -2.09M | -11.87M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.69M | 10.94M | 7.41M | 15.58M | 20.43M | |
| Enterprise Value | 33.95M | 33.89M | 30.08M | 33.49M | 37.18M | |
| Last Close Price | 7.61 | 5.70 | 3.88 | 8.20 | 10.75 | |
| PE Ratio | 21.24 | 5.55 | ||||
| Forward PE | 25.35 | 17.12 | 25.83 | 7.72 | 5.38 | |
| PS Ratio | 0.11 | 0.08 | 0.06 | 0.13 | 0.13 | |
| PB Ratio | 0.86 | 0.70 | 0.34 | 0.65 | 0.90 | |
| P/TBV Ratio | 0.95 | 0.70 | 0.36 | 0.65 | 0.90 | |
| P/FCF Ratio | 8.19 | 11.35 | ||||
| P/OCF Ratio | 6.40 | 16.26 | 7.04 | 20.84 | ||
| EV/Sales Ratio | 0.26 | 0.26 | 0.23 | 0.29 | 0.23 | |
| EV/EBITDA Ratio | 33.24 | 7.75 | 7.00 | |||
| EV/EBIT Ratio | 80.77 | 14.54 | 7.30 | |||
| EV/FCF Ratio | 18.92 | 24.41 | ||||
| Debt / Equity Ratio | 1.57 | 1.51 | 1.29 | 0.93 | 0.84 | 3.03 |
| Debt / EBITDA Ratio | 6.65 | 27.74 | 23.60 | 3.27 | 1.33 | 1.33 |
| Debt / FCF Ratio | 13.20 | 16.20 | ||||
| Net Debt / Equity Ratio | 1.28 | 1.39 | 1.07 | 0.60 | 0.40 | 2.51 |
| Net Debt / EBITDA Ratio | 18.86 | -12.50 | -14.26 | 3.34 | 1.72 | 2.37 |
| Net Debt / FCF Ratio | 10.74 | -102.03 | -2.40 | 10.53 | -108.60 | -5.79 |
| Asset Turnover | 1.84 | 1.80 | 1.87 | 1.86 | 2.50 | 3.18 |
| Inventory Turnover | 7.46 | 6.51 | 8.07 | 7.34 | 7.54 | 10.13 |
| Quick Ratio | 0.45 | 0.36 | 0.58 | 0.85 | 0.82 | 0.55 |
| Current Ratio | 1.18 | 1.17 | 1.24 | 1.64 | 1.54 | 1.03 |
| Return on Equity (ROE) | -28.08% | -38.33% | -7.61% | 2.48% | 24.30% | 174.11% |
| Return on Assets (ROA) | 0.38% | -2.07% | -1.86% | 2.28% | 4.91% | 8.45% |
| Return on Invested Capital (ROIC) | 1.19% | -5.86% | -5.05% | 2.74% | 14.14% | 30.92% |
| Return on Capital Employed (ROCE) | 1.80% | -9.40% | -6.40% | 6.10% | 16.60% | 53.50% |
| Earnings Yield | -27.04% | -56.09% | -16.20% | 4.71% | 18.02% | |
| FCF Yield | 12.21% | -1.94% | -129.94% | 8.81% | -0.41% | |
| Payout Ratio | 24.63% | |||||
| Buyback Yield / Dilution | -0.38% | -0.26% | 2.61% | -5.13% | -33.46% |