Filing Flows › FGI Industries (FGI) › Q1 2026
FGI Industries (FGI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
FGI Industries (FGI) reported revenue of $30.5M for the first quarter 2026 (Q1 2026), -8% from a year earlier and +0.1% from the quarter before. Operating margin was -2.3%, net loss $1.1M (3.7% of revenue).
FGI Industries, Q1 2026: revenue $30.5M (-8% year over year), operating margin -2.3%, net loss $1.1M, operating cash flow −$326K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $30.5M | +0.1% | -8% |
| Operating profit | −$691K | — | — |
| Net earnings | −$1.1M | — | — |
| Operating cash flow | −$326K | -114% | — |
What changed
Revenue was $30.5M in Q1 2026, down 8% year over year and roughly flat from the previous quarter. Sanitaryware was the largest line at 53% of revenue. Sanitaryware lost $4.0M year over year (down 20%), 149% of the total change.
Gross margin was 26.8%, unchanged from Q1 2025. Operating costs exceeded revenue by $691K, an operating margin of -2.3%. Operating expenses fell 13% while revenue fell 8%. The quarter ended with a net loss of $1.1M, narrower than the previous quarter's $3.0M loss. Minority interests bore $174K of it: to shareholders the quarter was a loss of $1.0M.
Operating cash flow was −$326K. Non-cash charges added back $709K of depreciation and amortization. Working capital and other items added $109K. Capital expenditures of $80K exceeded it, leaving free cash flow of −$405K.
Questions
What was FGI Industries' revenue in the first quarter 2026?
FGI Industries (FGI) reported revenue of $30.5M for the first quarter 2026 (Q1 2026), -8% from a year earlier and +0.1% from the quarter before.
Was FGI Industries profitable in the first quarter 2026?
Operating loss was $691K (-2.3% of revenue) and net loss $1.1M.
Source: FGI Industries 10-Q on SEC EDGAR.