Filing Flows › FGI Industries (FGI) › Q3 2025
FGI Industries (FGI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
FGI Industries (FGI) reported revenue of $35.8M for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and +16% from the quarter before. Operating margin was 1.0%, net loss $1.9M (5.4% of revenue).
FGI Industries, Q3 2025: revenue $35.8M (-0.7% year over year), operating margin 1.0%, net loss $1.9M, operating cash flow −$1.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $35.8M | +16% | -0.7% |
| Operating profit | $370K | — | — |
| Net earnings | −$1.9M | — | — |
| Operating cash flow | −$1.9M | -201% | — |
What changed
Revenue was $35.8M in Q3 2025, down 1% year over year and up 16% from the previous quarter. Sanitaryware was the largest line at 64% of revenue. Shower System lost $1.3M year over year (down 18%), 509% of the total change.
Gross margin was 26.5%, up 0.7 points from a year earlier. Operating profit was $370K, a 1.0% margin (up 1.2 points year over year). Operating expenses fell 3% while revenue fell 1%. The quarter ended with a net loss of $1.9M, wider than the previous quarter's $1.4M loss. Minority interests bore $297K of it: to shareholders the quarter was a loss of $1.7M.
Operating cash flow was −$1.9M. Non-cash charges added back $707K of depreciation and amortization and $114K of share-based compensation. Working capital and other items used $739K. Capital expenditures of $263K exceeded it, leaving free cash flow of −$2.1M.
Questions
What was FGI Industries' revenue in the third quarter 2025?
FGI Industries (FGI) reported revenue of $35.8M for the third quarter 2025 (Q3 2025), -0.7% from a year earlier and +16% from the quarter before.
Was FGI Industries profitable in the third quarter 2025?
Operating profit was $370K (1.0% of revenue) and net loss $1.9M.
Source: FGI Industries 10-Q on SEC EDGAR.