FGI Industries Ltd. income statement
In fiscal 2025, FGI Industries Ltd. reported revenue of $131m, down 1.0% on the year before, operating income of −$2.4m (a -1.8% margin) and net income of −$6.1m, or −$3.20 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 182 | 162 | 117 | 132 | 131 | 129 |
| Cost of revenue | 150 | 130 | 85 | 96 | 95 | 92 |
| Gross profit | 32 | 32 | 32 | 35 | 35 | 36 |
| Research and development | 1 | 1 | 1 | 2 | 1 | 1 |
| Selling and marketing | 18 | 18 | 20 | 26 | 25 | 24 |
| General and administrative | 6 | 8 | 8 | 10 | 11 | 11 |
| Operating income | 8 | 5 | 2 | −2 | −2 | 0 |
| Interest expense | 0 | 1 | 1 | 1 | 1 | 2 |
| Income before tax | 9 | 5 | 1 | −2 | −4 | −1 |
| Income tax | 1 | 1 | 1 | −1 | 3 | 4 |
| Net income | 8 | 4 | 1 | −1 | −6 | −4 |
| Diluted EPS | $1.13 | $1.95 | $0.07 | −$0.63 | −$3.20 | −$2.04 |
| Diluted shares (average) | 1m | 2m | 2m | 2m | 2m | 2m |
| EBITDA | 8 | 5 | 4 | −2 | −2 | 1 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 36 | 36 | 33 | 31 | 36 | 30 | 31 | 32 |
| Cost of revenue | 27 | 27 | 24 | 22 | 26 | 22 | 22 | 21 |
| Gross profit | 9 | 9 | 9 | 9 | 9 | 8 | 8 | 11 |
| Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling and marketing | 6 | 7 | 7 | 6 | 6 | 6 | 6 | 6 |
| General and administrative | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 3 |
| Operating income | −0 | −1 | −1 | −1 | 0 | −1 | −1 | 1 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −0 | −1 | −2 | −2 | −0 | −1 | −1 | 1 |
| Income tax | 0 | −1 | −1 | −0 | 2 | 2 | 0 | 0 |
| Net income | −1 | −0 | −1 | −1 | −2 | −3 | −1 | 1 |
| Diluted EPS | −$0.29 | −$0.21 | −$0.33 | −$0.64 | −$0.86 | −$1.37 | −$0.50 | $0.65 |
| EBITDA | 0 | −1 | −1 | −1 | 1 | −0 | −1 | 2 |
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