Filing Flows › FGI Industries (FGI) › Q2 2025
FGI Industries (FGI) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 13, 2025
FGI Industries (FGI) reported revenue of $31.0M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -7% from the quarter before. Operating margin was -2.7%, net loss $1.4M (4.4% of revenue).
FGI Industries, Q2 2025: revenue $31.0M (+6% year over year), operating margin -2.7%, net loss $1.4M, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $31.0M | -7% | +6% |
| Operating profit | −$832K | — | — |
| Net earnings | −$1.4M | — | — |
| Operating cash flow | $1.8M | — | +114% |
| Free cash flow | $1.6M | — | +483% |
What changed
Revenue was $31.0M in Q2 2025, up 6% year over year and down 7% from the previous quarter. Sanitaryware was the largest line at 58% of revenue. Others added $1.4M year over year (up 68%), 88% of the total change. Shower System declined 11%.
Gross margin was 28.1%, down 2.4 points from a year earlier. Operating costs exceeded revenue by $832K, an operating margin of -2.7%. Operating expenses grew 1% against revenue growth of 6%. The quarter ended with a net loss of $1.4M, wider than the previous quarter's $816K loss. Minority interests bore $133K of it: to shareholders the quarter was a loss of $1.2M. Net interest and other expense of $747K was the main reason.
Operating cash flow was $1.8M (up 114% year over year). Non-cash charges added back $739K of depreciation and amortization and $125K of share-based compensation. Working capital and other items added $2.3M. Capital expenditures of $206K left free cash flow of $1.6M.
Questions
What was FGI Industries' revenue in the second quarter 2025?
FGI Industries (FGI) reported revenue of $31.0M for the second quarter 2025 (Q2 2025), +6% from a year earlier and -7% from the quarter before.
Was FGI Industries profitable in the second quarter 2025?
Operating loss was $832K (-2.7% of revenue) and net loss $1.4M.
Source: FGI Industries 10-Q on SEC EDGAR.