Company research
FGI Industries Ltd.
CIK 1864943Updated Sep 26, 2026
FGI price & chart
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Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
SD filing
DEF 14A filing
Changes in Registrant's Certifying Accountant
Items 4.01, 9.01
10-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 69,537,581Source | 75,461,415Source | 65,744,930Source | 60,366,930Source |
| Property, Plant and Equipment, NetUSD | 3,853,864Source | 3,634,340Source | 1,910,491Source | 1,269,971Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 1,900,000Source | 4,600,000Source | 7,800,000Source | 10,100,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 13,847,762Source | 20,293,555Source | 16,195,543Source | 14,295,859Source |
| Inventory, NetUSD | 15,292,742Source | 13,957,867Source | 9,923,852Source | 13,292,591Source |
| Assets, CurrentUSD | 51,543,423Source | 52,897,962Source | 46,114,670Source | 45,887,608Source |
| Prepaid Expense and Other Assets, CurrentUSD | — | — | 4,617,751Source | 2,588,081Source |
| Operating Lease, Right-of-Use AssetUSD | 11,031,892Source | 12,823,747Source | 15,203,576Source | 9,815,572Source |
| Other Assets, NoncurrentUSD | 1,163,205Source | 1,589,830Source | 1,245,133Source | 2,128,240Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 53,927,540Source | 53,895,765Source | 41,718,158Source | 37,622,520Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | — | — |
| Common Stock, Value, IssuedUSD | 960Source | 956Source | 955Source | 950Source |
| Retained Earnings (Accumulated Deficit)USD | -2,927,091Source | 3,212,435Source | 4,413,524Source | 3,679,920Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,402,946Source | -2,239,560Source | -1,111,499Source | -1,396,319Source |
| Stockholders' Equity Attributable to ParentUSD | 17,283,149Source | 22,252,878Source | 24,180,812Source | 22,744,410Source |
| Additional Paid in Capital, Common StockUSD | 21,612,226Source | 21,279,047Source | 20,877,832Source | 20,459,859Source |
| Liabilities and EquityUSD | 69,537,581Source | 75,461,415Source | 65,744,930Source | 60,366,930Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 43,914,924Source | 42,542,826Source | 28,043,706Source | 29,775,203Source |
| Operating Lease, Liability, CurrentUSD | 1,700,936Source | 1,867,956Source | 1,595,998Source | 1,543,031Source |
| Accounts Payable, CurrentUSD | — | — | — | 14,718,969Source |
| Operating Lease, Liability, NoncurrentUSD | 10,012,616Source | 11,352,939Source | 13,674,452Source | 7,847,317Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -1,673,108Source | -687,228Source | -154,040Source | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -7,125,406Source | -1,734,277Source | 579,564Source | 3,679,920Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 333,183Source | 401,216Source | 417,978Source | 383,572Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -6,274,600Source | 4,928,997Source | 1,126,770Source | -13,489,673Source |
| Increase (Decrease) in InventoriesUSD | 1,334,875Source | 4,034,016Source | -3,368,740Source | -7,971,370Source |
| Deferred Income Tax Expense (Benefit)USD | 2,454,004Source | -1,511,363Source | 96,706Source | 201,936Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 673,220Source | -7,425,317Source | 1,389,699Source | 980,265Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,015,847Source | -2,875,816Source | -942,614Source | -1,063,823Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 885,740Source | 2,206,052Source | 840,387Source | 1,064,223Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -2,633,539Source | 7,543,192Source | -2,835,876Source | 7,010,567Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -2,658,359Source | -3,219,081Source | -2,290,187Source | 6,183,532Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 1,899,801Source | 4,558,160Source | 7,777,241Source | 10,067,428Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,336,413Source | 1,233,763Source | 749,646Source | 600,043Source |
| Income Taxes Paid, NetUSD | 766,903Source | 1,112,640Source | 552,163Source | 1,835,823Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 317,807Source | -461,140Source | 98,604Source | -743,477Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 333,183Source | 401,216Source | 417,978Source | 383,572Source |
| Amortization of Intangible AssetsUSD | 2,238,730Source | 2,701,615Source | — | — |
| DepreciationUSD | 667,432Source | 474,828Source | 200,764Source | 175,979Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -563,740Source | 659,544Source | -185,317Source | -7,417Source |
| General and Administrative ExpenseUSD | 11,106,563Source | 10,199,914Source | 8,424,083Source | 7,830,023Source |
| Income Tax Expense (Benefit)USD | 2,786,392Source | -547,821Source | 808,224Source | 860,630Source |
| InterestExpenseNonoperatingUSD | 1,330,714Source | 1,246,742Source | — | — |
| Investment Income, InterestUSD | — | — | 10,543Source | 3,159Source |
| Net Income (Loss) Attributable to ParentUSD | -6,139,526Source | -1,201,089Source | 733,604Source | 3,679,920Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -985,880Source | -533,188Source | -154,040Source | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -6,139,526Source | -1,201,089Source | 733,604Source | 3,679,920Source |
| Nonoperating Income (Expense)USD | -1,936,958Source | -182,507Source | -916,655Source | -551,428Source |
| Operating ExpensesUSD | 37,653,148Source | 37,526,931Source | 29,772,839Source | 26,417,027Source |
| Other Nonoperating Income (Expense)USD | -611,386Source | 1,054,443Source | -177,469Source | 46,211Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 130,528,652Source | 131,818,073Source | 117,241,604Source | 161,718,543Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -2,402,056Source | -2,099,591Source | 2,304,443Source | 5,091,978Source |
| Other Nonoperating Income (Expense)USD | -611,386Source | 1,054,443Source | -177,469Source | 46,211Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -4,339,014Source | -2,282,098Source | 1,387,788Source | 4,540,550Source |
| Income Tax Expense (Benefit)USD | 2,786,392Source | -547,821Source | 808,224Source | 860,630Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -985,880Source | -533,188Source | -154,040Source | — |
| Net Income (Loss) Attributable to ParentUSD | -6,139,526Source | -1,201,089Source | 733,604Source | 3,679,920Source |
| Earnings Per Share, BasicUSD per share | -3.2Source | -0.13Source | 0.08Source | 0.39Source |
| Earnings Per Share, DilutedUSD per share | -3.2Source | -0.13Source | 0.07Source | 0.39Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 1,918,061Source | 9,565,167Source | 9,525,434Source | 9,335,616Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 1,918,061Source | 9,565,167Source | 9,821,112Source | 9,341,921Source |
| Interest Expense (non-operating)USD | 1,330,714Source | 1,246,742Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,238,730Source | 2,701,615Source | — | — |
| Current Income Tax Expense (Benefit)USD | 332,388Source | 963,542Source | 711,518Source | 658,694Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 2,017,502Source | 218,662Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -563,740Source | 659,544Source | -185,317Source | -7,417Source |
| General and Administrative ExpenseUSD | 11,106,563Source | 10,199,914Source | 8,424,083Source | 7,830,023Source |
| Gross ProfitUSD | 35,251,092Source | 35,427,340Source | 32,077,282Source | 31,509,005Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -5,378,499Source | -5,300,760Source | -681,951Source | 991,240Source |
| Interest ExpenseUSD | — | — | 749,729Source | 600,798Source |
| Investment Income, InterestUSD | — | — | 10,543Source | 3,159Source |
| Investment Income, NetUSD | 5,142Source | 9,792Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -6,139,526Source | -1,201,089Source | 733,604Source | 3,679,920Source |
| Nonoperating Income (Expense)USD | -1,936,958Source | -182,507Source | -916,655Source | -551,428Source |
| Operating ExpensesUSD | 37,653,148Source | 37,526,931Source | 29,772,839Source | 26,417,027Source |
| Research and Development ExpenseUSD | 1,417,329Source | 1,699,383Source | 1,376,844Source | 1,053,976Source |
| Selling and Marketing ExpenseUSD | 25,129,256Source | 25,627,634Source | 19,971,912Source | 17,533,028Source |