FGI Industries Ltd. Warrant (FGIWW) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FGIWW SEC filings page.
FGI Industries Ltd. Warrant (FGIWW) reported $128.7M in revenue over the twelve months to Jun 30, 2026, down 5.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Stable gross margins are being overwhelmed by overhead, while rising leverage and inventory keep cash conversion fragile.
Gross margin held near27.0% through FY2025 while operating margin turned negative; the product-level contribution remained intact, but operating costs consumed it. Operating cash flow recovered to$673K in FY2025 even as free cash flow stayed at-$213K , indicating that near-term working-capital movement offset, but did not fully fund, reinvestment.
Liabilities were
Inventory rose to
Financial Health Signals
FGI Industries Ltd. Warrant does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
FGI Industries Ltd. Warrant passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
FGI Industries Ltd. Warrant reported a net loss of $6.1M while generating $673K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
FGI Industries Ltd. Warrant reported an operating loss of $2.4M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
FGI Industries Ltd. Warrant generated $31.9M in revenue in Q2 2026. This represents an increase of 2.9% from the same quarter a year earlier. Against the prior quarter it is up 4.5%.
FGI Industries Ltd. Warrant's EBITDA was $2.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 2360.4% from the same quarter a year earlier. Against the prior quarter it is up 12215.8%.
FGI Industries Ltd. Warrant reported $1.3M in net income in Q2 2026. This represents an increase of 205.2% from the same quarter a year earlier. Against the prior quarter it is up 233.7%.
FGI Industries Ltd. Warrant earned $0.65 per diluted share (EPS) in Q2 2026. This represents an increase of 201.6% from the same quarter a year earlier. Against the prior quarter it is up 230.0%.
Cash & Balance Sheet
FGI Industries Ltd. Warrant generated $2.1M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 606.0%.
FGI Industries Ltd. Warrant held $4.4M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
FGI Industries Ltd. Warrant's gross margin was 33.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 5.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.7 percentage points.
FGI Industries Ltd. Warrant's operating margin was 4.4% in Q2 2026, reflecting core business profitability. This is up 7.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 6.7 percentage points.
FGI Industries Ltd. Warrant's net profit margin was 4.1% in Q2 2026, showing the share of revenue converted to profit. This is up 8.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 7.2 percentage points.
FGI Industries Ltd. Warrant's ROE was 7.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 13.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 13.6 percentage points.
Capital Allocation
FGI Industries Ltd. Warrant invested $406K in research and development in Q2 2026. This represents a decrease of 16.1% from the same quarter a year earlier. Against the prior quarter it is up 43.8%.
FGI Industries Ltd. Warrant invested $90K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 56.2% from the same quarter a year earlier. Against the prior quarter it is up 13.2%.
Not reported for Q2 2026.
FGIWW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.9M+2.9% | $30.5M-8.2% | $30.5M-14.4% | $35.8M-0.7% | $31.0M+5.5% | $33.2M+8.0% | $35.6M+15.0% | $36.1M+20.6% |
| Cost of Revenue | $21.2M-4.8% | $22.3M-8.1% | $22.3M-16.9% | $26.4M-1.6% | $22.3M+9.2% | $24.3M+8.8% | $26.9M+22.5% | $26.8M+21.2% |
| Gross Profit | $10.7M+22.5% | $8.2M-8.3% | $8.1M-6.8% | $9.5M+2.0% | $8.7M-2.9% | $8.9M+5.8% | $8.7M-3.2% | $9.3M+18.9% |
| R&D Expenses | $406K-16.1% | $283K-10.8% | $332K-16.1% | $284K-37.2% | $485K-8.7% | $317K-1.2% | $396K+76.5% | $452K+6.7% |
| SG&A Expenses | $2.9M+1.2% | $2.4M-12.8% | $2.8M+4.4% | $2.8M+5.6% | $2.8M+8.5% | $2.7M+18.3% | $2.7M+58.4% | $2.6M+12.2% |
| Operating Income | $1.4M+268.3% | -$691K+46.0% | -$659K+47.8% | $370K+661.7% | -$832K-84.8% | -$1.3M-299.1% | -$1.3M-201.4% | -$66K-113.7% |
| EBITDA | $2.1M+2360.4% | $17K+103.0% | $91K+139.9% | $1.1M+75.8% | -$93K-121.7% | -$570K-315.5% | -$229K-110.1% | $612K-39.9% |
| Interest Expense | $450K+59.4% | $355K+17.2% | $343K-2.9% | $403K+9.9% | $282K-7.5% | $303K+36.3% | $353K+85.8% | $366K+2136.7% |
| Income Tax | $141K+165.8% | $25K+103.3% | $1.9M+445.1% | $1.9M+602.6% | -$215K+28.1% | -$740K-3417.9% | -$539K-231.0% | $268K+55.1% |
| Net Income | $1.3M+205.2% | -$969K-54.1% | -$2.6M-553.1% | -$1.7M-200.2% | -$1.2M-852.9% | -$629K-52.6% | -$402K-174.6% | -$550K-234.3% |
| EPS (Basic) | $0.67+204.7% | -$0.50-51.5% | -$1.37-2640.0% | -$0.86-196.6% | -$0.64-811.1% | -$0.33-725.0% | -$0.05-183.3% | -$0.29-825.0% |
| EPS (Diluted) | $0.65+201.6% | -$0.50 | -$1.37 | -$0.86 | -$0.64 | -$0.33 | -$0.05-200.0% | -$0.29 |
| Diluted Shares (Avg) | 2M+4.7% | 2M | N/A | 2M | 2M | 2M | N/A | 2M |
FGIWW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $67.8M-5.4% | $68.2M-0.5% | $69.5M-7.9% | $73.0M-2.2% | $71.7M+2.6% | $68.5M-0.3% | $75.5M+14.8% | $74.7M+11.5% |
| Current Assets | $51.5M+4.8% | $50.9M+9.5% | $51.5M-2.6% | $52.7M+0.6% | $49.1M+3.4% | $46.5M-4.2% | $52.9M+14.7% | $52.4M+11.4% |
| Cash & Equivalents | $4.4M+76.0% | $2.7M+125.0% | $1.9M-58.7% | $1.9M-36.7% | $2.5M+92.3% | $1.2M-63.6% | $4.6M-41.0% | $3.0M-44.4% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $12.0M-5.0% | $14.2M+13.4% | $15.3M+9.6% | $12.3M-10.5% | $12.7M-1.0% | $12.6M+8.7% | $14.0M+40.6% | $13.8M+43.1% |
| Accounts Receivable | $15.5M-1.4% | $13.6M-27.9% | $13.8M-31.8% | $18.1M-4.6% | $15.7M-10.7% | $18.9M+20.2% | $20.3M+25.3% | $19.0M+14.5% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $52.7M+2.6% | $53.8M+13.2% | $53.9M+0.1% | $54.6M+5.5% | $51.4M+10.5% | $47.5M+5.5% | $53.9M+29.2% | $51.8M+18.3% |
| Current Liabilities | $43.8M+7.9% | $44.3M+18.9% | $43.9M+3.2% | $44.2M+11.4% | $40.6M+19.5% | $37.2M+17.0% | $42.5M+51.7% | $39.7M+33.1% |
| Non-Current Liabilities | $8.9M-17.5% | $9.6M-7.3% | $10.0M-11.8% | $10.4M-14.0% | $10.8M-13.8% | $10.3M-21.9% | $11.4M-17.0% | $12.1M-13.4% |
| Total Equity | $17.1M-19.7% | $16.2M-25.8% | $17.3M-22.3% | $19.7M-16.1% | $21.3M-10.6% | $21.8M-8.7% | $22.3M-8.0% | $23.5M+1.1% |
| Retained Earnings | -$2.6M-292.4% | -$3.9M-250.8% | -$2.9M-191.1% | -$300K-108.3% | $1.4M-67.5% | $2.6M-35.4% | $3.2M-27.2% | $3.6M-6.7% |
Not reported in any period shown, so not listed: Goodwill, Long-Term Debt.
FGIWW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1M+15.9% | -$326K+80.3% | $2.3M+279.6% | -$1.9M-104.0% | $1.8M+114.3% | -$1.7M+79.3% | $617K-85.3% | -$915K+38.0% |
| Depreciation & Amortization | $706K-4.5% | $709K-0.3% | $750K-27.4% | $707K+4.2% | $739K-15.9% | $710K+21.3% | $1.0M+1.3% | $678K+26.4% |
| Stock-Based Compensation | $123K-1.1% | -$116K-252.5% | N/A | $114K-45.3% | $125K-40.2% | $76K-36.2% | N/A | $209K+251.4% |
| Capital Expenditures | $90K-56.2% | $80K-77.2% | $67K-91.9% | $263K+42.1% | $206K-64.5% | $350K-42.6% | $832K+47.1% | $185K+373.6% |
| Free Cash Flow | $2.1M+25.0% | -$405K+79.7% | $2.3M+1163.3% | -$2.1M-93.6% | $1.6M+483.0% | -$2.0M+76.7% | -$214K-105.9% | -$1.1M+27.4% |
| Investing Cash Flow | -$96K+47.1% | -$80K+82.3% | -$122K+85.3% | -$263K-42.1% | -$181K+80.9% | -$450K+50.6% | -$832K+5.8% | -$185K-22.5% |
| Financing Cash Flow | -$109K+82.3% | $1.3M+195.8% | -$2.2M-209.5% | $1.5M-45.7% | -$613K+65.0% | -$1.3M-129.7% | $2.0M+301.1% | $2.8M+2735.2% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
FGIWW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.4%+5.3pp | 26.8%0.0pp | 26.7%+2.2pp | 26.5%+0.7pp | 28.1%-2.4pp | 26.8%-0.6pp | 24.6%-4.6pp | 25.8%-0.4pp |
| Operating Margin | 4.4%+7.1pp | -2.3%+1.6pp | -2.2%+1.4pp | 1.0%+1.2pp | -2.7%-1.2pp | -3.9%-2.8pp | -3.5%-7.6pp | -0.2%-1.8pp |
| Net Margin | 4.1%+8.0pp | -3.2%-1.3pp | -8.6%-7.5pp | -4.6%-3.1pp | -4.0%-4.5pp | -1.9%-0.5pp | -1.1%-2.9pp | -1.5%-2.9pp |
| Return on Equity | 7.6%+13.4pp | -6.0%-3.1pp | -15.2%-13.4pp | -8.4%-6.0pp | -5.8%-6.5pp | -2.9%-1.2pp | -1.8%-4.0pp | -2.3%-4.1pp |
| Return on Assets | 1.9%+3.6pp | -1.4%-0.5pp | -3.8%-3.3pp | -2.3%-1.5pp | -1.7%-1.9pp | -0.9%-0.3pp | -0.5%-1.4pp | -0.7%-1.4pp |
| Current Ratio | 1.180.0x | 1.15-0.1x | 1.17-0.1x | 1.19-0.1x | 1.21-0.2x | 1.25-0.3x | 1.24-0.4x | 1.32-0.3x |
| Debt-to-Equity | 3.09+0.7x | 3.33+1.1x | 3.12+0.7x | 2.77+0.6x | 2.42+0.5x | 2.18+0.3x | 2.42+0.7x | 2.20+0.3x |
| Asset Turnover | 0.470.0x | 0.450.0x | 0.440.0x | 0.490.0x | 0.430.0x | 0.490.0x | 0.470.0x | 0.480.0x |
| FCF Margin | 6.4%+1.1pp | -1.3%+4.7pp | 7.5%+8.1pp | -5.9%-2.9pp | 5.3%+4.3pp | -6.0%+21.9pp | -0.6%-12.3pp | -3.0%+2.0pp |
Where FGI Industries Ltd. Warrant Ranks
Frequently Asked Questions
What is FGI Industries Ltd. Warrant's annual revenue?
FGI Industries Ltd. Warrant (FGIWW) reported $130.5M in total revenue for fiscal year 2025. This represents a -1.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is FGI Industries Ltd. Warrant's revenue growing?
FGI Industries Ltd. Warrant (FGIWW) revenue declined by 1.0% year-over-year, from $131.8M to $130.5M in fiscal year 2025.
Is FGI Industries Ltd. Warrant profitable?
No, FGI Industries Ltd. Warrant (FGIWW) reported a net income of -$6.1M in fiscal year 2025, with a net profit margin of -4.7%.
What is FGI Industries Ltd. Warrant's EBITDA?
FGI Industries Ltd. Warrant (FGIWW) had EBITDA of $504K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is FGI Industries Ltd. Warrant's gross margin?
FGI Industries Ltd. Warrant (FGIWW) had a gross margin of 27.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is FGI Industries Ltd. Warrant's operating margin?
FGI Industries Ltd. Warrant (FGIWW) had an operating margin of -1.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is FGI Industries Ltd. Warrant's net profit margin?
FGI Industries Ltd. Warrant (FGIWW) had a net profit margin of -4.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is FGI Industries Ltd. Warrant's return on equity (ROE)?
FGI Industries Ltd. Warrant (FGIWW) has a return on equity of -35.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is FGI Industries Ltd. Warrant's free cash flow?
FGI Industries Ltd. Warrant (FGIWW) recorded an outflow of $213K in free cash flow during fiscal year 2025. This represents a 97.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is FGI Industries Ltd. Warrant's operating cash flow?
FGI Industries Ltd. Warrant (FGIWW) generated $673K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are FGI Industries Ltd. Warrant's total assets?
FGI Industries Ltd. Warrant (FGIWW) had $69.5M in total assets as of fiscal year 2025, including both current and long-term assets.
What are FGI Industries Ltd. Warrant's capital expenditures?
FGI Industries Ltd. Warrant (FGIWW) invested $886K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does FGI Industries Ltd. Warrant spend on research and development?
FGI Industries Ltd. Warrant (FGIWW) invested $1.4M in research and development during fiscal year 2025.
What is FGI Industries Ltd. Warrant's current ratio?
FGI Industries Ltd. Warrant (FGIWW) had a current ratio of 1.17 as of fiscal year 2025, which is considered adequate.
What is FGI Industries Ltd. Warrant's debt-to-equity ratio?
FGI Industries Ltd. Warrant (FGIWW) had a debt-to-equity ratio of 3.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is FGI Industries Ltd. Warrant's return on assets (ROA)?
FGI Industries Ltd. Warrant (FGIWW) had a return on assets of -8.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is FGI Industries Ltd. Warrant's Piotroski F-Score?
FGI Industries Ltd. Warrant (FGIWW) has a Piotroski F-Score of 5 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are FGI Industries Ltd. Warrant's earnings high quality?
FGI Industries Ltd. Warrant (FGIWW) reported a net loss of $6.1M while generating $673K in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can FGI Industries Ltd. Warrant cover its interest payments?
FGI Industries Ltd. Warrant (FGIWW) reported an operating loss of $2.4M against $1.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.