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FGI Industries cash flow, quarter by quarter

Latest: Q2 2026 · from the cash-flow statements filed with the SEC

Free cash flow$2.1M in Q2 2026 · $1.8M over twelve months

Operating cash flow$2.1M
Capital spending−$90K
Free cash flow+$2.1M
Cash / net income1.9×

Analysis

In Q2 2026, FGI Industries generated $2.1M of operating cash flow and spent $90K on capital projects, leaving free cash flow of $2.1M. That is $410K more than in Q2 2025 ($1.6M).

Over the twelve months to Jun 30, 2026, operating cash flow was $2.3M; the largest uses were capital spending ($500K), other investing ($60K); besides operations, cash came from net borrowing (+) / repaid (−) ($476K); the cash balance rose by $1.9M.

Operating cash flow was $2.1M against net income of $1.1M — 1.9× profit, cash ran ahead of reported earnings. The largest differences: inventory +$2.2M, receivables −$2.0M, depreciation & amortization +$706K.

Free cash flow

FGI Industries: free cash flow by quarterFGI Industries: free cash flow by quarter−$1.1MQ3 2024−$214KQ4 2024−$2.0MQ1 2025$1.6MQ2 2025−$2.1MQ3 2025$2.3MQ4 2025−$405KQ1 2026$2.1MQ2 2026
Operating cash flow less capital spending.
FGI Industries: operating cash flow against capital spendingFGI Industries: operating cash flow against capital spendingOperating cash flowCapital spending−$915K$185KQ3 2024$617K$832KQ4 2024−$1.7M$350KQ1 2025$1.8M$206KQ2 2025−$1.9M$263KQ3 2025$2.3M$67KQ4 2025−$326K$80KQ1 2026$2.1M$90KQ2 2026
Latest (Q2 2026): Operating cash flow $2.1M, Capital spending $90K.

Capital allocation, year by year

FGI Industries: where the cash came from (up) and went (down), by fiscal yearFGI Industries: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingFY2021: Operating cash flow −$3.2MFY2021: Net borrowing $5.3MFY2021: Asset sales $6KFY2021: Capital spending −$58K$5.3MFY2021FY2022: Operating cash flow $980KFY2022: Net borrowing −$4.9MFY2022: Asset sales $400FY2022: Capital spending −$1.1M$981KFY2022FY2023: Operating cash flow $2.2MFY2023: Net borrowing −$2.8MFY2023: Capital spending −$840K$2.2MFY2023FY2024: Operating cash flow −$7.4MFY2024: Net borrowing $7.5MFY2024: Capital spending −$2.2M$7.5MFY2024FY2025: Operating cash flow $673KFY2025: Net borrowing −$2.6MFY2025: Capital spending −$886K$673KFY2025
Over these 5 years operating cash flow totalled −$6.8M; the largest uses were operating cash flow ($10.6M) and net borrowing ($10.3M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$4.4M
Debt$13.0M
Net debt$8.6M

FGI Industries funds itself: free cash flow was $1.8M over the last twelve months, and $4.4M of cash and investments stands against $13.0M of debt.

Where the cash came from and went

FGI Industries: sources (+) and uses (−) of cash, Q2 2026FGI Industries: sources (+) and uses (−) of cash, Q2 2026Operating cash flow$2.1MCash drawn (+) / kept (−)−$1.8MExchange rates−$175KNet borrowing (+) / repaid (−)−$109KCapital spending−$90KOther investing−$5K
FGI Industries: sources (+) and uses (−) of cash, TTM to Q2 2026FGI Industries: sources (+) and uses (−) of cash, TTM to Q2 2026Operating cash flow$2.3MCash drawn (+) / kept (−)−$1.9MCapital spending−$500KNet borrowing (+) / repaid (−)$476KExchange rates−$308KOther investing−$60K

From profit to cash

FGI Industries: net income to operating cash flow, Q2 2026FGI Industries: net income to operating cash flow, Q2 2026Net income$1.1MDepreciation & amortization$706KStock-based pay$123KDeferred taxes$8KReceivables−$2.0MInventory$2.2MAccrued liabilities$598KIncome taxes payable$132KOperating cash flow$2.1M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 2026$2.1M−$90K−$109K−$1.8M$2.1M
Q1 2026−$326K−$80K$1.3M−$759K−$405K
Q4 2025$2.3M−$67K—−$24K$2.3M
Q3 2025−$1.9M−$263K$1.5M$643K−$2.1M
Q2 2025$1.8M−$206K−$1.2M−$1.3M$1.6M
Q1 2025−$1.7M−$350K−$1.3M$3.3M−$2.0M
Q4 2024$617K−$832K$2.0M−$1.5M−$214K
Q3 2024−$915K−$185K$2.8M−$1.7M−$1.1M

FGI Industries: income statement and cash flow

FGI Industries, Q2 2026: revenue $31.9M (+3% year over year), operating margin 4.4%. The chart follows the revenue to costs, profit and cash.

FGI Industries: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.