FGI Industries Ltd
FGI Industries Ltd has a debt-to-equity ratio of 0.69, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.17, suggesting it has just enough current assets to cover its current liabilities. However, the company's free cash flow is negative at -$5.24 million, which may limit its ability to fund operations or invest in growth without external financing. In terms of profitability, FGI Industries Ltd reported a net loss of $6.14 million and an operating loss of $2.4 million in the latest period. The return on equity (ROE) is -35.52%, and the return on assets (ROA) is -8.83%, both of which are significantly below the industry median for home furnishings companies. These metrics suggest the company is underperforming in terms of generating returns for shareholders and utilizing its assets efficiently. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to regional economic downturns or supply chain disruptions. The absence of segment or geographic breakdowns in the financial data makes
Business. FGI Industries Ltd (FGI.O) is a home furnishings company that operates within the Cyclical Consumer Products sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
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- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
FGI Industries Ltd (FGI.O) is a home furnishings company that operates within the Cyclical Consumer Products sector. The firm is headquartered in the United States and is primarily listed on the NASDAQ stock exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.
FGI Industries Ltd has a debt-to-equity ratio of 0.69, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.17, suggesting it has just enough current assets to cover its current liabilities. However, the company's free cash flow is negative at -$5.24 million, which may limit its ability to fund operations or invest in growth without external financing.
In terms of profitability, FGI Industries Ltd reported a net loss of $6.14 million and an operating loss of $2.4 million in the latest period. The return on equity (ROE) is -35.52%, and the return on assets (ROA) is -8.83%, both of which are significantly below the industry median for home furnishings companies. These metrics suggest the company is underperforming in terms of generating returns for shareholders and utilizing its assets efficiently.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to regional economic downturns or supply chain disruptions. The absence of segment or geographic breakdowns in the financial data makes it difficult to assess the company's risk profile in detail.
Looking ahead, the company's growth trajectory is uncertain. The latest financial data does not provide a clear outlook for the current or next fiscal year, and there are no disclosed plans for revenue growth or expansion. The company's capital expenditures were -$1.02 million, indicating a reduction in investment in long-term assets, which may signal a defensive strategy or financial constraints.
The risk assessment highlights a key flag: the company has negative net cash after subtracting total debt, which could pose a liquidity risk if cash flow does not improve. The dilution risk is currently assessed as low, with no significant changes in shares outstanding between basic and diluted shares. However, the company's negative net income and operating cash flow may necessitate future financing, which could lead to share dilution.
There are no recent filings or transcripts available to provide additional context on the company's operations or strategic direction. The lack of recent disclosures makes it challenging to assess the company's response to market conditions or its long-term viability.
- FGI Industries Ltd is experiencing significant financial distress, with negative net income and operating income.
- The company's liquidity position is moderate, but its free cash flow is negative, which could limit its ability to fund operations or invest in growth.
- The company's ROE and ROA are well below industry medians, indicating poor performance in generating returns for shareholders and utilizing assets efficiently.
- The company's revenue is concentrated in a single segment, increasing its exposure to regional economic downturns or supply chain disruptions.
- The company's capital expenditures are negative, suggesting a reduction in investment in long-term assets.
- The company has negative net cash after subtracting total debt, which could pose a liquidity risk if cash flow does not improve.
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consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- FGI Industries Ltd Market data — financials · 2026-05-27
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Norman KroenkeExecutive Vice President
Insider activity
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): -407.9%Derived (calculated)
- Net margin (FY 2025-12-31): -4.7%Derived (calculated)
- Gross margin (FY 2025-12-31): 27.0%Derived (calculated)
- Return on equity (FY 2025-12-31): -35.5%Derived (calculated)
- Return on assets (FY 2025-12-31): -8.8%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.17xDerived (calculated)
- Debt-to-equity (FY 2025-12-31): 3.12xDerived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): -59.8%Derived (calculated)
- Cash & equivalents (YoY) (2025-12-31 vs 2024-12-31): -58.7%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -1.2%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): -407.9%Derived (calculated)
- Gross profit (YoY) (2025-12-31 vs 2024-12-31): -0.5%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): -411.2%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): 109.1%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): -14.4%Derived (calculated)
- R&D expense (YoY) (2025-12-31 vs 2024-12-31): -16.6%Derived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -1.0%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): -22.3%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): -7.9%Derived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 0.1%Derived (calculated)
- Capex (annual): USD 885.74KSEC XBRL filing
- Total assets (annual): USD 69.54MSEC XBRL filing
- Net income (annual): USD -6.14MSEC XBRL filing
- Gross profit (annual): USD 35.25MSEC XBRL filing