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).
Revenue has stabilized, but rising overhead and heavier liabilities leave a thin-margin business increasingly dependent on balance-sheet financing.
Revenue recovered11.3% from FY2023 to FY2025 while SG&A rose27.6% , showing overhead expanded faster than the sales base. That gap pushed the business from a positive operating margin to a negative one despite stable gross margin, pointing to cost structure pressure rather than a collapse in gross economics.
FY2025 net loss was
Liabilities rose to
Financial Health Signals
We do not publish a peer-relative financial health score for FGI Industries Ltd. Warrant, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. 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. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. Against the prior quarter it is up 12215.8%.
FGI Industries Ltd. Warrant reported $1.3M in net income in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
FGI Industries Ltd. Warrant earned $0.65 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
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. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
FGI Industries Ltd. Warrant held $4.4M in cash as of Q2 2026; no long-term debt figure is on record 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 quarterly ROE was 7.6% in Q2 2026: one quarter's net income over shareholder equity, not annualized. 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-K | 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 | $8.9M-2.2% | $8.6M-13.1% | $8.5M-11.8% | $8.8M-0.9% | $9.1M+1.9% | $9.9M+17.2% | $9.6M+27.0% | $8.9M+28.9% |
| Operating Income | $1.4Mn/m | -$691Kn/m | -$659Kn/m | $370Kn/m | -$832Kn/m | -$1.3Mn/m | -$1.3M-201.4% | -$66K-113.7% |
| EBITDA | $2.1Mn/m | $17Kn/m | $91Kn/m | $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 | $141Kn/m | $25Kn/m | $1.9Mn/m | $1.9M+602.6% | -$215Kn/m | -$740K-3417.9% | -$539K-231.0% | $268K+55.1% |
| Net Income | $1.3Mn/m | -$969Kn/m | -$2.6Mn/m | -$1.7Mn/m | -$1.2M-852.9% | -$629Kn/m | -$402K-174.6% | -$550K-234.3% |
| EPS (Basic) | $0.67n/m | -$0.50 | -$1.37 | -$0.86 | -$0.64 | -$0.33 | -$0.05-183.3% | -$0.29 |
| EPS (Diluted) | $0.65n/m | -$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-K | 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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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 | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| 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-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $2.1M+15.9% | -$326Kn/m | $2.3M+279.6% | -$1.9Mn/m | $1.8M+114.3% | -$1.7Mn/m | $617K-85.3% | -$915Kn/m |
| Depreciation & Amortization | $706K-4.5% | $709K-0.3% | $750K-27.4% | $707K+4.2% | $739K-15.9% | $710K+21.3% | $1.0M-45.1% | $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% | -$405Kn/m | $2.3Mn/m | -$2.1Mn/m | $1.6M+483.0% | -$2.0Mn/m | -$214K-105.9% | -$1.1Mn/m |
| Investing Cash Flow | -$96Kn/m | -$80Kn/m | -$122Kn/m | -$263Kn/m | -$181Kn/m | -$450Kn/m | -$832Kn/m | -$185Kn/m |
| Financing Cash Flow | -$109Kn/m | $1.3Mn/m | -$2.2M-209.5% | $1.5M-45.7% | -$613Kn/m | -$1.3M-129.7% | $2.0Mn/m | $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-K | 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 |
| Liabilities-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 |
Not reported in any period shown, so not listed: Debt-to-Equity.
Where FGI Industries Ltd. Warrant Ranks
Frequently Asked Questions
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.
FGI Industries Ltd. Warrant (FGIWW) revenue declined by 1.0% year-over-year, from $131.8M to $130.5M in fiscal year 2025.
No, FGI Industries Ltd. Warrant (FGIWW) reported a net loss of $4.0M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $6.1M, with a net profit margin of -4.7%.
FGI Industries Ltd. Warrant (FGIWW) had EBITDA of $504K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
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.
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.
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.
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.
FGI Industries Ltd. Warrant (FGIWW) recorded an outflow of $213K in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. 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.
FGI Industries Ltd. Warrant (FGIWW) generated $673K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
FGI Industries Ltd. Warrant (FGIWW) had $69.5M in total assets as of fiscal year 2025, including both current and long-term assets.
FGI Industries Ltd. Warrant (FGIWW) invested $886K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
FGI Industries Ltd. Warrant (FGIWW) invested $1.4M in research and development during fiscal year 2025.
FGI Industries Ltd. Warrant (FGIWW) had a current ratio of 1.17 as of fiscal year 2025, which is considered adequate.
FGI Industries Ltd. Warrant (FGIWW) had a liabilities-to-equity ratio of 3.12 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
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.
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.
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.
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.