5 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $131M | -$6M | 27.0% | -1.8% | -$212520 | — | $2M |
| 2024 | $132M | -$1M | 26.9% | -1.6% | -$10M | — | $5M |
| 2023 | $117M | $733604 | 27.4% | 2.0% | $1M | — | $8M |
| 2022 | $162M | $4M | 19.5% | 3.1% | -$83958 | — | $10M |
| 2021 | $182M | $8M | 17.7% | 4.2% | -$3M | — | — |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $31M | -$969405 | 26.8% | -2.3% | -$405439 | — | $3M |
| Dec '25 | $30M | -$3M | 26.7% | -2.2% | $2M | — | $2M |
| Sep '25 | $36M | -$2M | 26.5% | 1.0% | -$2M | — | $2M |
| Jun '25 | $31M | -$1M | 28.1% | -2.7% | $2M | — | $3M |
| Mar '25 | $33M | -$629092 | 26.8% | -3.9% | -$2M | — | $1M |
| Dec '24 | $36M | -$402328 | 24.6% | -3.5% | -$188807 | — | $5M |
| Sep '24 | $36M | -$550137 | 25.8% | -0.2% | -$1M | — | $3M |
| Jun '24 | $29M | $163565 | 30.5% | -1.5% | $281501 | — | $1M |
| Mar '24 | $31M | -$412189 | 27.4% | -1.0% | -$9M | — | $3M |
| Dec '23 | $31M | $538963 | 29.2% | 4.0% | $4M | — | $8M |
| Sep '23 | $30M | $409535 | 26.2% | 1.6% | -$2M | — | $5M |
| Jun '23 | $29M | $88481 | 27.4% | 2.0% | $557658 | — | $7M |
| Mar '23 | $27M | -$303375 | 26.5% | -0.0% | -$1M | — | $7M |
| Dec '22 | $32M | $707055 | 23.7% | 3.2% | $6M | — | $10M |
| Sep '22 | $39M | $1M | 20.9% | 4.3% | $7M | — | — |
| Jun '22 | $48M | $1M | 17.6% | 3.6% | -$4M | — | — |
| Mar '22 | $44M | $530193 | 17.3% | 1.6% | -$9M | — | — |
| Dec '21 | $52M | $1M | 14.5% | 1.4% | -$4M | — | — |
| Sep '21 | $51M | $1M | 16.0% | 3.6% | $223160 | — | — |
| Jun '21 | $42M | $3M | 21.6% | 7.8% | $1M | — | — |
How the market has priced FGI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 4 years, FGI Industries Ltd.'s revenue has declined 8.0% per year. These are computed facts, not advice.
As of FY2025, FGI Industries Ltd. reported — of total debt against $2M of cash; operating income covered interest expense -1.8×.
In FY2025, gross margin was 27.0%, operating margin -1.8%, and net margin -4.7%.
As of Jun '26, FGI Industries Ltd. traded at a price-to-earnings ratio of about 2.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.