Filing Flows › FGI Industries (FGI) › Q2 2026 › vs Q1 2026
FGI Industries (FGI) Q2 2026 vs Q1 2026 (quarter over quarter)
FGI Industries's revenue rose $1.4M (+5%) from $30.5M in Q1 2026 to $31.9M in Q2 2026. The biggest changes: Sanitaryware +$3.0M (+19%); Bath Furniture −$1.0M (-23%); Shower System −$453K (-7%). Gross margin 33.4% against 26.8% (+6.7 pts).
FGI Industries, Q2 2026: revenue $31.9M (+3% year over year), operating margin 4.4%, net earnings $1.3M, operating cash flow $2.1M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.4% | 26.8% | +6.7 pts |
| Operating margin | 4.4% | -2.3% | +6.7 pts |
| Net margin | 4.1% | -3.2% | +7.2 pts |
| Free cash flow margin | 6.4% | -1.3% | +7.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Sanitaryware | $19.1M | $16.1M | $3.0M | +19% |
| Shower System | $6.0M | $6.5M | −$453K | -7% |
| Bath Furniture | $3.5M | $4.5M | −$1.0M | -23% |
| Others | $3.2M | $3.3M | −$130K | -4% |
| Revenue | $31.9M | $30.5M | $1.4M | +5% |
| Gross profit | $10.7M | $8.2M | $2.5M | +31% |
| Cost of revenue | $21.2M | $22.3M | −$1.1M | -5% |
| Operating profit | $1.4M | −$691K | $2.1M | — |
| Operating expenses | $9.3M | $8.9M | $410K | +5% |
| Pre-tax earnings | $1.3M | −$1.1M | $2.4M | — |
| Other expense, net | $133K | $427K | −$294K | -69% |
| Research & development | $406K | $283K | $124K | +44% |
| Sales & marketing | $6.0M | $6.2M | −$237K | -4% |
| General & admin | $2.9M | $2.4M | $523K | +22% |
| Loss borne by minority interests | $169K | $174K | −$4K | -2% |
| Net earnings | $1.3M | −$969K | $2.3M | — |
| Income tax | $141K | $25K | $117K | +472% |
| Depreciation & amortization | $706K | $709K | −$3K | -0.4% |
| Share-based compensation | $123K | $0 | $123K | — |
| Working capital & other | $17K | −$65K | $81K | — |
| Operating cash flow | $2.1M | −$326K | $2.5M | — |
| Free cash flow (OCF − capex) | $2.1M | −$405K | $2.5M | — |
| Capital expenditures | $90K | $80K | $10K | +13% |
Questions
How much did FGI Industries's revenue grow quarter over quarter in Q2 2026?
FGI Industries's revenue rose $1.4M (+5%) from $30.5M in Q1 2026 to $31.9M in Q2 2026.
What drove FGI Industries's revenue change in Q2 2026?
Sanitaryware +$3.0M (+19%); Bath Furniture −$1.0M (-23%); Shower System −$453K (-7%).