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Visual21 Nov 2025
Data center suppliers
FGI Industries (FGI) investor relations material
FGI Industries Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Revenue for the nine months ended September 30, 2025 increased 4.0% year-over-year to $100.1 million, driven by growth in sanitaryware, bath furniture, and custom kitchen cabinetry sales.
Third quarter 2025 revenue was $35.8 million, down 0.7% year-over-year, with gross profit up 2.0% to $9.5 million and gross margin rising 70 bps to 26.5%.
Net loss widened to $4.1 million for the nine months, compared to $1.3 million in the prior year, primarily due to higher operating expenses and a $1.8 million deferred tax valuation allowance.
Operating income reached $0.4 million in Q3, reversing a prior-year operating loss, while net loss attributable to shareholders widened to $1.7 million.
The company implemented cost control initiatives and launched new product lines to address liquidity challenges and improve profitability.
Financial highlights
Revenue: $100.1 million for the nine months ended September 30, 2025, up from $96.2 million year-over-year.
Gross margin improved to 26.5% in Q3, up 70 bps year-over-year, and was 27.1% for the nine months, down 60 bps year-over-year.
Net loss: $4.1 million for the nine months, compared to $1.3 million in the prior year; Q3 net loss per diluted share was $0.86, compared to $0.29 in the prior year.
Adjusted net income for Q3 was $0.2 million, or $0.13 per diluted share, compared to an adjusted net loss of $0.1 million last year.
Cash and cash equivalents stood at $1.9 million, with total liquidity of $14.2 million as of September 30, 2025.
Outlook and guidance
Fiscal 2025 guidance reiterated: total net revenue of $135–145 million, adjusted operating income of $(2.0)–1.5 million, and adjusted net income of $(1.9)–1.0 million.
Management expects gross margins to remain in line with 2024 and 2023 levels, supported by a focus on higher-margin products and operational efficiency.
The company anticipates improved liquidity and reduced cost structure from recent actions, including cost controls and new product launches.
Sufficient funds are expected to meet working capital and debt obligations over the next 12 months, despite ongoing risks.
Guidance excludes certain non-recurring and extraordinary items and includes adjustments for minority interest.
Detail China + 1 strategy progress
How did tariffs boost gross margin?
What new jurisdictions or manufacturing capabilities are planned?
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Next FGI Industries earnings date
Q4 202518 Mar, 2026
Next FGI Industries earnings date
Q4 202518 Mar, 2026
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Frequently asked questions
FGI Industries Ltd. is a company that specializes in the supply and distribution of kitchen and bathroom products. Its product range includes bathroom vanities, sinks, toilets, shower systems, and kitchen cabinetry, catering to residential and commercial markets. FGI Industries serves customers through various channels, including retailers, wholesalers, and e-commerce platforms. The company focuses on delivering quality, functional, and aesthetically pleasing products, targeting home improvement and renovation projects as well as new construction. The company is headquartered in East Hanover, New Jersey, and its shares are listed on the NASDAQ.
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