FGI on Nasdaq
FGI Industries Ltd.
FGI Industries Ltd. is a heating equip company based in East Hanover, Cayman Islands.1
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Omega Flex, Inc. or Masco, or pick any stock.
- TickerFGI on Nasdaq1
- IndustryHeating Equip, Except Elec & Warm Air; & Plumbing Fixtures1
- HeadquartersEast Hanover, New Jersey1
- Incorporated inCayman Islands2
- Business address906 Murray Road, East Hanover, Nj 078692
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
See how the biggest companies compare on our leaderboards
FGI is a global, diversified and reputable supplier of quality bath and kitchen products. With over thirty years of experience, FGI has become a leading business to business supplier of bath and kitchen products to large retail, wholesale, commercial and specialty channel customers around the globe specializing in the home improvement and R&R (Repair & Remodel) markets. Some of our largest customers include The Home Depot, Menards, Ferguson and Lowe’s. Throughout our history, we have achieved consistent and above-industry sales growth each year by executing on our strategic objectives which include offering well-designed, high-quality products, providing service that surpasses our competition and exceeds our customers’ expectations, and managing an efficient and resilient global supply chain.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Sanitaryware brought in 62% of the revenue FGI Industries Ltd. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Sanitaryware | $81.1M | $80.3M |
| Shower System | $25.5M | $22.6M |
| Bath Furniture | $14.7M | $14.2M |
| Others | $10.4M | $13.4M |
Regions
United States brought in 62% of the revenue FGI Industries Ltd. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $82.4M | $80.7M |
| Canada | $35.2M | $33.3M |
| Europe | $13.3M | $14.2M |
| Countries Other Than United States, Canada and Europe | $986.3K | $2.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue73¢$95.3M
- Research and development1¢$1.4M
- Other costs24¢$31.0M
- Income tax2¢$2.8M
Out of $130.5M in revenue.5 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending100¢$885.7K
Out of $673.2K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $130.5M | $131.8M |
| Cost of revenue | $95.3M | $96.4M |
| Gross profit | $35.3M | $35.4M |
| Selling and distribution | $25.1M | $25.6M |
| General and administrative | $11.1M | $10.2M |
| Research and development | $1.4M | $1.7M |
| Total operating expenses | $37.7M | $37.5M |
| Loss from operations | -$2.4M | -$2.1M |
| Interest income | $5.1K | $9.8K |
| Interest expense | -$1.3M | -$1.2M |
| Other (expenses) income, net | -$611.4K | $1.1M |
| Total other (expenses) income, net | -$1.9M | -$182.5K |
| Loss before income taxes | -$4.3M | -$2.3M |
| Current | $332.4K | $948.9K |
| Deferred | $2.5M | -$1.5M |
| Total provision for (benefit of) income taxes | $2.8M | -$547.8K |
| Net loss | -$7.1M | -$1.7M |
| Less: net loss attributable to non-controlling shareholders | -$985.9K | -$533.2K |
| Net loss attributable to FGI Industries Ltd. shareholders | -$6.1M | -$1.2M |
| Foreign currency translation adjustment | $836.6K | -$1.1M |
| Comprehensive loss | -$6.3M | -$2.9M |
| Less: comprehensive loss attributable to non-controlling shareholders | -$985.9K | -$533.2K |
| Comprehensive loss attributable to FGI Industries Ltd. shareholders | -$5.3M | -$2.3M |
| Basic (in shares) | 1.9M shares | 1.9M shares |
| Diluted (in shares) | 1.9M shares | 1.9M shares |
| Basic (in dollars per share) | -$3.20 | -$0.63 |
| Diluted (in dollars per share) | -$3.20 | -$0.63 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Cash | $1.9M | $4.6M | |||
| Accounts receivable, net of allowances of 1,210,930 and 1,193,748 as of December 31, 2025 and 2024, respectively | $13.8M | $20.3M | |||
| Inventories, net | $15.3M | $14.0M | |||
| Total current assets | $51.5M | $52.9M | |||
| PROPERTY AND EQUIPMENT, NET | $3.9M | $3.6M | |||
| Intangible assets, net | $1.7M | $1.8M | |||
| Operating lease right-of-use assets, net | $11.0M | $12.8M | |||
| Deferred tax assets, net | $211.6K | $2.7M | |||
| Other noncurrent assets | $1.2M | $1.6M | |||
| Total other assets | $14.1M | $18.9M | |||
| Total assets | $69.5M | $75.5M | |||
| Short-term loans | $11.9M | $14.5M | |||
| Income tax payable | $0 | $23.2K | |||
| Operating lease liabilities current | $1.7M | $1.9M | |||
| Accrued expenses and other current liabilities | $5.6M | $5.9M | |||
| Total current liabilities | $43.9M | $42.5M | |||
| Operating lease liabilities noncurrent | $10.0M | $11.4M | |||
| Total liabilities | $53.9M | $53.9M | |||
| Preference Shares ($0.0001 par value, 2,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024) | $0 | $0 | |||
| Ordinary shares ($0.0005 par value, 40,000,000 shares authorized, 1,920,140 and 1,912,783 shares issued and outstanding as of December 31, 2025 and 2024, respectively) | $960 | $956 | |||
| Additional paid-in capital | $21.6M | $21.3M | |||
| (Accumulated deficit) retained earnings | -$2.9M | $3.2M | |||
| Accumulated other comprehensive loss | -$1.4M | -$2.2M | |||
| FGI Industries Ltd. shareholders equity | $17.3M | $22.3M | |||
| Non-controlling interests | -$1.7M | -$687.2K | |||
| Total shareholders equity | $15.6M | $21.6M | $24.0M | ||
| Total liabilities and shareholders equity | $69.5M | $75.5M | |||
| Accounts receivable allowance | $1.2M | $1.2M | |||
| Preference shares, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Preference shares, authorized (in shares) | 2.0M shares | 2.0M shares | 10.0M shares | ||
| Preferred shares, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred shares, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Ordinary shares, par value (in per share) | $0.00 | $0.00 | $0.00 | $0.00 | |
| Ordinary shares, authorized (in shares) | 40.0M shares | 40.0M shares | 40.0M shares | 200.0M shares | |
| Ordinary shares, issued (in shares) | 1.9M shares | 1.9M shares | |||
| Ordinary shares, outstanding (in shares) | 1.9M shares | 1.9M shares |
| Period ending | 2025-12-31 | 2025-07-31 | 2024-12-31 | 2023-12-31 | 2022-01-31 |
|---|---|---|---|---|---|
| Cash | $1.9M | $4.6M | |||
| Accounts receivable, net of allowances of 1,210,930 and 1,193,748 as of December 31, 2025 and 2024, respectively | $13.8M | $20.3M | |||
| Inventories, net | $15.3M | $14.0M | |||
| Total current assets | $51.5M | $52.9M | |||
| PROPERTY AND EQUIPMENT, NET | $3.9M | $3.6M | |||
| Intangible assets, net | $1.7M | $1.8M | |||
| Operating lease right-of-use assets, net | $11.0M | $12.8M | |||
| Deferred tax assets, net | $211.6K | $2.7M | |||
| Other noncurrent assets | $1.2M | $1.6M | |||
| Total other assets | $14.1M | $18.9M | |||
| Total assets | $69.5M | $75.5M | |||
| Short-term loans | $11.9M | $14.5M | |||
| Income tax payable | $0 | $23.2K | |||
| Operating lease liabilities current | $1.7M | $1.9M | |||
| Accrued expenses and other current liabilities | $5.6M | $5.9M | |||
| Total current liabilities | $43.9M | $42.5M | |||
| Operating lease liabilities noncurrent | $10.0M | $11.4M | |||
| Total liabilities | $53.9M | $53.9M | |||
| Preference Shares ($0.0001 par value, 2,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024) | $0 | $0 | |||
| Ordinary shares ($0.0005 par value, 40,000,000 shares authorized, 1,920,140 and 1,912,783 shares issued and outstanding as of December 31, 2025 and 2024, respectively) | $960 | $956 | |||
| Additional paid-in capital | $21.6M | $21.3M | |||
| (Accumulated deficit) retained earnings | -$2.9M | $3.2M | |||
| Accumulated other comprehensive loss | -$1.4M | -$2.2M | |||
| FGI Industries Ltd. shareholders equity | $17.3M | $22.3M | |||
| Non-controlling interests | -$1.7M | -$687.2K | |||
| Total shareholders equity | $15.6M | $21.6M | $24.0M | ||
| Total liabilities and shareholders equity | $69.5M | $75.5M | |||
| Accounts receivable allowance | $1.2M | $1.2M | |||
| Preference shares, par value (in dollars per share) | $0.00 | $0.00 | $0.00 | ||
| Preference shares, authorized (in shares) | 2.0M shares | 2.0M shares | 10.0M shares | ||
| Preferred shares, shares issued (in shares) | 0 shares | 0 shares | |||
| Preferred shares, shares outstanding (in shares) | 0 shares | 0 shares | |||
| Ordinary shares, par value (in per share) | $0.00 | $0.00 | $0.00 | $0.00 | |
| Ordinary shares, authorized (in shares) | 40.0M shares | 40.0M shares | 40.0M shares | 200.0M shares | |
| Ordinary shares, issued (in shares) | 1.9M shares | 1.9M shares | |||
| Ordinary shares, outstanding (in shares) | 1.9M shares | 1.9M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$7.1M | -$1.7M |
| Depreciation | $667.4K | $474.8K |
| Amortization | $2.2M | $2.7M |
| Share-based compensation | $333.2K | $401.2K |
| Provision for credit losses | $165.8K | $137.6K |
| Provision for defective return | $5.4K | $257.6K |
| Foreign exchange transaction loss (gain) | $563.7K | -$659.5K |
| Deferred income tax expense (benefit) | $2.5M | -$1.5M |
| Accounts receivable | $6.3M | -$4.9M |
| Inventories | -$1.3M | -$4.0M |
| Other noncurrent assets | $426.6K | -$344.7K |
| Income taxes | -$447.3K | -$165.9K |
| Operating lease liabilities | -$1.8M | -$2.2M |
| Accrued expenses and other current liabilities | -$297.7K | $1.9M |
| Net cash provided by (used in) operating activities | $673.2K | -$7.4M |
| Purchase of property and equipment | -$885.7K | -$2.2M |
| Purchase of intangible assets | -$130.1K | -$669.8K |
| Net cash used in investing activities | -$1.0M | -$2.9M |
| Proceeds from credit facilities | $60.3M | $74.1M |
| Repayments of Lines of Credit | -$63.0M | -$66.6M |
| Net cash (used in) provided by financing activities | -$2.6M | $7.5M |
| EFFECT OF EXCHANGE RATE FLUCTUATION ON CASH | $317.8K | -$461.1K |
| NET CHANGES IN CASH | -$2.7M | -$3.2M |
| Cash paid during the period for interest | -$1.3M | -$1.2M |
| Cash paid during the period for income taxes | -$766.9K | -$1.1M |
| Lease liability arising from obtaining a right-of-use asset | -$1.2M | -$158.1K |
| Derecognition of right-of-use asset and lease liability upon early termination | -$1.3M | $0 |
| Noncash or Part Noncash Acquisition, Intangible Assets Acquired | $0 | -$1.2M |
No quarter-by-quarter statement was filed.
Corporate structure
FGI Industries Ltd. sits at the top of its group. 10 entities, 10 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of FGI Industries Ltd.
- FIRST WILSHIRE SECURITIES MANAGEMENT INC Filed SCHEDULE 13G/A on FGI Industries Ltd., latest Feb 11, 2026 (4 filings since Feb 15, 2023)
- Foremost Groups Ltd Filed SC 13G on FGI Industries Ltd., latest Jan 27, 2022
- FGI Industries Ltd. East Hanover, New Jersey
- Covered Bridge Cabinetry Manufacturing Co., Ltd Subsidiary · Cambodia
- FGI Canada Ltd. Subsidiary · Canada
- FGI China Ltd. Subsidiary · China
- FGI Europe Investment Limited Subsidiary · British Virgin Islands
- FGI Germany GmbH & Co. KG Subsidiary · Germany
- FGI Industries India Private Limited Subsidiary · India
- FGI International, Limited Subsidiary · Hong Kong
- FGI United Kingdom Ltd Subsidiary · United Kingdom
- Isla Porter LLC Subsidiary · New Jersey, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What FGI Industries Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $7.7M5 Dec 31, 2025 | $6.9M5 Dec 31, 2024 | +12.8% |
| Accumulated depreciation | $3.9M5 Dec 31, 2025 | $3.3M5 Dec 31, 2024 | +17.4% |
| Property and equipment, net | $3.9M5 Dec 31, 2025 | $3.6M5 Dec 31, 2024 | +6.0% |
| Operating-lease assets (leased space) | $11.0M5 Dec 31, 2025 | $12.8M5 Dec 31, 2024 | −14.0% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated amortization | $356.3K5 Dec 31, 2025 | $131.3K5 Dec 31, 2024 | +171.4% |
| Finite-lived intangibles, net | $1.7M5 Dec 31, 2025 | $1.8M5 Dec 31, 2024 | −6.3% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $15.3M5 Dec 31, 2025 | $14.0M5 Dec 31, 2024 | +9.6% |
| Finished goods | $14.8M8 Dec 31, 2024 | $10.6M8 Dec 31, 2023 | +40.0% |
Properties, in its own words
Our headquarters and a warehouse facility are located in East Hanover, New Jersey. We also operate production and warehouse facilities in Portage, Indiana, Sacramento, California and Toronto, Canada. We also conduct our European operations from a facility in Dusseldorf, Germany and our Asian operations from a purchase center in Tangshan, China and a global support center in Taipei, Taiwan. Moreover, we own a manufacturing facility just outside of Sihanoukville, Cambodia. All properties, except for the Sihanoukville facility, are leased. We believe that our properties are in good operating condition and adequately serve our current business operations. We also anticipate that suitable additional or alternative space, including those under lease options, will be available at commercially reasonable terms for future expansion, which we intend to evaluate on an ongoing basis in tandem with our “BPC” growth strategy.
Item 2 of the 10-K filed Apr 10, 2026.4
Leadership
Who has led FGI Industries Ltd., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Board members and other officers (7)
- Executive VP, CanadaJennifer Earl Jan 24, 2022 to Mar 22, 202412
- Executive VP, EuropeNorman Kroenke Jan 24, 2022 to Jan 26, 202213
- Executive VP, United StatesRobert Kermelewicz Jan 24, 2022 to Mar 22, 202414
- Board memberAnagha Apte Apr 8, 2024 to Apr 8, 202415
- Board memberKellie Z. Weir Jan 24, 2022 to Apr 1, 202216
- Board memberMyong Jae Chung Jan 24, 2022 to Apr 1, 202217
- Board memberTodd M. Heysse Jan 24, 2022 to Nov 2, 202218
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Covered Bridge Cabinetry Manufacturing Co., Ltd Cambodia3
- FGI Canada Ltd. Canada3
- FGI China Ltd. China3
- FGI Europe Investment Limited British Virgin Islands3
- FGI Germany GmbH & Co. KG Germany3
- FGI Industries Inc. New Jersey3
- FGI Industries India Private Limited India3
- FGI International, Limited Hong Kong3
- FGI United Kingdom Ltd United Kingdom3
- Isla Porter LLC New Jersey3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Aug 12, 20268-K Results of operations19
- Jun 3, 20268-K Shareholder vote20
- May 14, 20268-K Results of operations21
- Apr 23, 20268-K Change of auditor22
- Apr 9, 20268-K Results of operations23
- Apr 2, 20268-K Entered a material agreement; New debt or obligation24
- Nov 14, 20258-K Results of operations25
- Aug 15, 20258-K Listing notice or transfer26
- Aug 11, 20258-K Results of operations27
- Jul 29, 20258-K Change to shareholders' rights; Bylaws or fiscal year changed28
- May 28, 20258-K Shareholder vote29
- May 13, 20258-K Results of operations30
Calendar
Coming up
- Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.13 a share, on Nov 14, 2025.31
When it reported results
- Aug 12, 2026Reported quarterly or annual results19
- May 14, 2026Reported quarterly or annual results21
- Apr 9, 2026Reported quarterly or annual results23
- Nov 14, 2025Reported quarterly or annual results25
- Aug 11, 2025Reported quarterly or annual results27
- May 13, 2025Reported quarterly or annual results30
- Mar 26, 2025Reported quarterly or annual results32
- Nov 12, 2024Reported quarterly or annual results33
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
142 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 33 major events, 40 insider forms, 5 large holders, 45 other. The latest 20:
- Aug 14, 202610-Q EDGAR
- Aug 12, 20268-K EDGAR
- Jun 3, 20268-K EDGAR
- May 15, 202610-Q EDGAR
- May 14, 20268-K EDGAR
- May 13, 2026SD EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Apr 23, 20268-K EDGAR
- Apr 10, 202610-K EDGAR
- Apr 9, 20268-K EDGAR
- Apr 2, 20268-K EDGAR
- Mar 31, 2026NT 10-K EDGAR
- Feb 11, 2026SCHEDULE 13G/A EDGAR
- Nov 14, 202510-Q EDGAR
- Nov 14, 20258-K EDGAR
- Aug 15, 20258-K EDGAR
- Aug 13, 202510-Q EDGAR
- Aug 11, 20258-K EDGAR
- Jul 29, 20258-K EDGAR
- May 28, 20258-K EDGAR
The 142 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
31 open-market trades by officers, directors and large owners since October 2021: 31 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Nov 2, 2022 | Heysse Todd M.Director | Buy | 1,300 | $2.93 | $3.8K | Form 4 |
| Nov 1, 2022 | Heysse Todd M.Director | Buy | 2,885 | $2.85 | $8.2K | Form 4 |
| Oct 31, 2022 | Heysse Todd M.Director | Buy | 2,885 | $2.73 | $7.9K | Form 4 |
| Oct 28, 2022 | Heysse Todd M.Director | Buy | 2,696 | $2.75 | $7.4K | Form 4 |
| Oct 27, 2022 | Heysse Todd M.Director | Buy | 2,696 | $2.55 | $6.9K | Form 4 |
| Oct 26, 2022 | Heysse Todd M.Director | Buy | 1,086 | $2.54 | $2.8K | Form 4 |
| Oct 25, 2022 | Heysse Todd M.Director | Buy | 2,696 | $2.34 | $6.3K | Form 4 |
| Oct 24, 2022 | Heysse Todd M.Director | Buy | 200 | $2.32 | $464 | Form 4 |
| Oct 21, 2022 | Heysse Todd M.Director | Buy | 520 | $2.30 | $1.2K | Form 4 |
| Oct 20, 2022 | Heysse Todd M.Director | Buy | 3,147 | $2.24 | $7.0K | Form 4 |
| Oct 18, 2022 | Heysse Todd M.Director | Buy | 1,665 | $2.23 | $3.7K | Form 4 |
| Oct 17, 2022 | Heysse Todd M.Director | Buy | 1,000 | $2.15 | $2.1K | Form 4 |
| Oct 14, 2022 | Heysse Todd M.Director | Buy | 819 | $2.12 | $1.7K | Form 4 |
| Oct 13, 2022 | Heysse Todd M.Director | Buy | 700 | $2.26 | $1.6K | Form 4 |
| Oct 11, 2022 | Heysse Todd M.Director | Buy | 3,959 | $2.36 | $9.3K | Form 4 |
| Oct 10, 2022 | Heysse Todd M.Director | Buy | 1,034 | $2.11 | $2.2K | Form 4 |
| Oct 7, 2022 | Heysse Todd M.Director | Buy | 1,845 | $2.21 | $4.1K | Form 4 |
| Oct 6, 2022 | Heysse Todd M.Director | Buy | 1,478 | $2.33 | $3.4K | Form 4 |
| Oct 5, 2022 | Heysse Todd M.Director | Buy | 2,730 | $2.35 | $6.4K | Form 4 |
| Oct 4, 2022 | Heysse Todd M.Director | Buy | 3,834 | $2.34 | $9.0K | Form 4 |
All 31 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- FIRST WILSHIRE SECURITIES MANAGEMENT INCSCHEDULE 13G/A, 4 filings Feb 15, 2023 to Feb 11, 202634
- Foremost Groups LtdSC 13G, 1 filing Jan 27, 202235
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
SEC filer profile
How FGI Industries Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFGI Industries Ltd.1
- CIK0001864943
- Employer ID (EIN)98-16032524
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)3430 Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address906 Murray Road, East Hanover, NJ 078691
- Phone973-428-04001
- Shares outstanding1,931,271 as of Aug 10, 202610
- Public float$1.7M as of Jun 30, 20254
- AuditorCBIZ CPAs P.C., New York, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 7, 20211
- Filings148 in all: 8-K (33), 4 (29), 10-Q (14), 3 (11), CORRESP (8), S-1/A (7), UPLOAD (7), 10-K (5)1
All 29 form types
DEF 14A (4), SD (4), EFFECT (3), 8-A12B (2), NT 10-K (2), S-8 (2), SC 13G (2), SCHEDULE 13G/A (2), 424B3 (1), 424B4 (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), FWP (1), POS AM (1), PRE 14A (1), S-1 (1), S-3 (1), S-3/A (1), SC 13G/A (1)
- Latest filingsAnnual report (10-K) Apr 10, 2026
Quarterly report (10-Q) Aug 14, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Aug 12, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, $0.0005 par value | FGI | Nasdaq |
| Warrants to purchase Ordinary Shares, $0.0005 par value | FGIWW | Nasdaq |
From the cover page of the 10-K filed Apr 10, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks FGI Industries Ltd. names in Item 1A of its 10-K filed Apr 10, 2026: 51 risks under these headings, as written.4
- INDEX TO RISK FACTORS
- Our BPC organic growth strategy is focused on capturing higher incremental gross margins by increasing our share of branded products, expanding into new product categories and creating new sales channels, all of which are impacted by a number of economic factors and other factors.
- Prolonged economic downturns may adversely impact our sales, earnings and liquidity.
- Our ability to grow and compete in the future will be adversely affected if adequate capital is not available to us or not available on terms favorable to us.
- We may not achieve all of the anticipated benefits of our strategic initiatives.
- We may not be able to successfully execute our acquisition strategy or integrate businesses that we acquire.
- We could continue to pursue growth opportunities through either acquisitions, mergers or internally developed projects, which may be unsuccessful or may adversely affect our future financial condition and operating results.
- Variability in the cost and availability of our raw materials, component parts and finished goods, including the imposition of tariffs, could affect our results of operations and financial position.
- Increases in tariffs, trade restrictions or taxes on our products could have an adverse impact on our operations.
- Our top ten customers represent a large portion of our sales. A significant adverse change in such relationships could adversely impact our results of operations and financial condition.
- We are dependent on a few key third-party suppliers.
- We are dependent on third-party manufacturers.
The other 40 risks
- Natural disasters or other disruptions could have a material adverse effect on our business, financial condition or results of operations.
- There are risks associated with our international operations and global strategies.
- The international scope of our business exposes us to risks associated with foreign exchange rates.
- Global or regional unrest, conflict (such as the hostilities in the Middle East and the war between Russia and Ukraine), geopolitical disputes or catastrophic events could affect global trade routes, financial markets, global economic activity and our operations and results of operations.
- The long-term performance of our businesses relies on our ability to attract, develop and retain talented and diverse personnel.
- Failure to effectively monitor and respond to environmental, social and governance (“ESG”) matters, including our ability to set and meet reasonable goals related to climate change and sustainability efforts, may negatively affect our business and operations.
- The outbreak of contagious diseases, such as the COVID-19 pandemic, could disrupt our business and impact our results of operations and financial condition.
- We have limited operations in China, but many of our products are sourced from China. Our ability or the ability of our suppliers to operate in China may be impaired by changes in Chinese laws and regulations, including those relating to taxation, environmental regulation, restrictions on foreign investment, and other matters.
- We could become subject to a variety of laws and other obligations regarding cybersecurity and data protection, and any failure to comply with applicable laws and obligations could have an adverse effect on our business operations in China.
- We could be subject to regulation by various political and regulatory entities, including local and municipal agencies and other governmental subdivisions.
- Regulatory bodies of the United States may be limited in their ability to conduct investigations or inspections of our operations in China.
- Changes in China’s economic, political or social conditions or legal system or government policies could have a material adverse effect on our business and operations.
- We may be subject to risks that the Chinese government may intervene or influence our operations at any time.
- We could lose market share if we do not maintain our strong brands, develop innovative products or respond to changing purchasing practices and consumer preferences or if our reputation is damaged.
- We face significant competition and operate in an evolving competitive landscape.
- Our failure to develop new products or respond to changing consumer preferences and purchasing practices could have a material adverse effect on our business, financial condition or results of operations.
- Changes in Cayman Islands or U.S. tax law could adversely affect our financial condition and results of operations.
- The loss of certain members of our management may have an adverse effect on our operating results.
- We have been and may continue to be subject to cybersecurity attacks, which could adversely affect our results of operations and financial position.
- We rely on information systems and technologies, and a breakdown of these systems could adversely affect our results of operations and financial position.
- We may not be able to adequately protect or prevent the unauthorized use of our intellectual property.
- We may be a party to claims and litigation, which could be costly and divert significant resources.
- Compliance with laws, government regulation and industry standards is costly, and our failure to comply could adversely affect our results of operations and financial position.
- Our failure to maintain acceptable quality standards could result in significant unexpected costs.
- Unauthorized disclosure of confidential information provided to us by customers, employees or third parties could harm our business.
- We are subject to anti-corruption, anti-bribery, anti-money laundering, financial and economic sanctions and similar laws, and non-compliance with such laws can subject us to administrative, civil and criminal fines and penalties, collateral consequences, remedial measures and legal expenses, all of which could adversely affect our business, results of operations, financial condition and reputation.
- Our business could be affected by unexpected changes in U.S. and international regulatory standards and laws.
- Foremost Groups Ltd. holds a significant majority of the voting power of our ordinary shares, approximately 71%, and will be able to exert significant control over us.
- The price of our ordinary shares may be volatile.
- Provisions of the currently outstanding warrants could discourage an acquisition of us by a third party.
- We do not intend to pay dividends on our ordinary shares.
- If we sell ordinary or preference shares in future financings, shareholders may experience immediate dilution and, as a result, our share price may decline.
- We are an emerging growth company and a smaller reporting company within the meaning of the Securities Act, and if we take advantage of certain exemptions from disclosure requirements available to “emerging growth companies” or
- “smaller reporting companies,” this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.
- Because we are incorporated under the laws of the Cayman Islands, you may face difficulties in protecting your interests, and your ability to protect your rights through the U.S. federal courts may be limited.
- Provisions in our amended and restated memorandum and articles of association may inhibit a takeover of us, which could limit the price investors might be willing to pay in the future for our ordinary shares and could entrench management.
- General Risk Factors
- Management’s determination that a material weakness exists in our internal controls over financial reporting could have a material adverse impact on our ability to produce timely and accurate financial statements and could negatively impact our business and the market for our ordinary shares.
- Our disclosure controls and procedures may not prevent or detect all errors or acts of fraud.
- We are at risk of securities class action litigation.
- If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, our share price and trading volume could decline.
Legal proceedings
We may be subject to legal proceedings and claims in the ordinary course of business. We cannot predict the results of any such disputes, and despite the potential outcomes, the existence thereof may have an adverse material impact on us due to diversion of management time and attention as well as the financial costs related to resolving such disputes.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARPerry Lin, Chief financial officer
- 12SEC EDGARJennifer Earl, Executive VP, Canada
- 13SEC EDGARNorman Kroenke, Executive VP, Europe
- 14
- 15SEC EDGARAnagha Apte, Board member
- 16SEC EDGARKellie Z. Weir, Board member
- 17SEC EDGARMyong Jae Chung, Board member
- 18SEC EDGARTodd M. Heysse, Board member
- 19SEC EDGARResults of operations
- 20SEC EDGARShareholder vote
- 21SEC EDGARResults of operations
- 22SEC EDGARChange of auditor
- 23SEC EDGARResults of operations
- 24
- 25SEC EDGARResults of operations
- 26SEC EDGARListing notice or transfer
- 27SEC EDGARResults of operations
- 28
- 29SEC EDGARShareholder vote
- 30SEC EDGARResults of operations
- 31NasdaqNasdaq calendar
- 32
- 33
- 34
- 35
- 36