Company Analysis

FGI Industries Ltd. (FGI)

Nasdaq: FGI · Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures · East Hanover, NJ · filing with the SEC since 2021
Grade3.3
◀ Past 1.9● Present 3.6▶ Future 4.2
2 est.

Income statement, as filed

In US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021
Report filedApr 10, 2026Mar 31, 2025Mar 26, 2024Apr 17, 2023Mar 31, 2022
Revenue130,528,652131,818,073117,241,604161,718,543181,943,027
Cost of revenue95,277,56096,390,73385,164,322130,209,538149,740,619
Gross profit35,251,09235,427,34032,077,28231,509,00532,202,408
Research and development1,417,3291,699,3831,376,8441,053,976646,069
Sales and marketing25,129,25625,627,63419,971,91217,533,02817,636,820
General and administrative11,106,56310,199,9148,424,0837,830,0236,194,789
Total operating expenses37,653,14837,526,93129,772,83926,417,02724,477,678
Operating income-2,402,056-2,099,5912,304,4435,091,9787,724,730
Interest expense1,330,7141,246,742749,729600,798411,185
Interest and investment income5,1429,79210,5433,15937,143
Other income (expense), net-611,3861,054,443-177,46946,2111,516,862
Total non-operating income (expense)-1,936,958-182,507-916,655-551,4281,142,820
Income before income taxes-4,339,014-2,282,0981,387,7884,540,5508,867,550
Income tax expense2,786,392-547,821808,224860,630961,634
Net income including non-controlling interests-7,125,406-1,734,277579,5643,679,9207,905,916
Net income to non-controlling interests-985,880-533,188-154,040··
Net income-6,139,526-1,201,089733,6043,679,9207,905,916
Net income to common shareholders-6,139,526-1,201,089733,6043,679,9207,905,916
Earnings per share, basic-3.20-0.63r0.40b1.95b5.65b
Earnings per share, diluted-3.20-0.63r0.35b1.95b5.65b
Weighted average shares, basic1,918,0611,913,033r1,905,087b1,867,123b1,400,000b
Weighted average shares, diluted1,918,0611,913,033r1,964,222b1,868,384b1,400,000b
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-5 reverse split of Jun 2026.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeNet
us-gaap:InvestmentIncomeInterest
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Total non-operating income (expense) everything outside the business, togetherus-gaap:NonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
SI Assistanton FGI · research, not advice