FGI Industries Ltd.
FGINasdaqIndustrials · Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures · E9 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|
| Revenue | $130.5M | $131.8M | $117.2M | $161.7M | $181.9M |
| Operating income | −$2.4M | −$2.1M | $2.3M | $5.1M | $7.7M |
| Net income | −$6.1M | −$1.2M | $733,604 | $3.7M | $7.9M |
| Total assets | $69.5M | $75.5M | $65.7M | $60.4M | $69.2M |
| Total liabilities | $53.9M | $53.9M | $41.7M | $37.6M | $61.6M |
| Equity | $17.3M | $22.3M | $24.2M | $22.7M | $7.5M |
| EPS (diluted) | $-3.20 | $-0.63 | $0.07 | $0.39 | $1.13 |
| Shares out. | 9.6M | 9.5M | 9.5M | 9.5M | 7.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −1.8%
- Net margin
- −4.7%
- Return on equity
- −35.5%
- Return on assets
- −8.8%
- Return on capital (ROCE)
- −9.4%
- Liabilities / assets
- 77.6%
- Debt / equity
- 3.12×
- Book value / share
- $1.80
- Revenue growth (YoY)
- −1.0%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- 0.69distress
- Accruals / assets
- −9.8%clean
- Beneish M-Score
- -3.38normal
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 2 severe● 4 warning● 2 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- First Wilshire Securities Management IncPassive (13G)Feb 11, 2026
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 40,434 | 1.0 | -44.1% |
| Apr 30, 2026 | 72,380 | 1.0 | +222.6% |
| Apr 15, 2026 | 22,434 | 1.0 | -89.6% |
| Mar 31, 2026 | 216,563 | 1.0 | +4818.5% |
| Mar 13, 2026 | 4,403 | 1.0 | -25.5% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 14, 2026
- Changed auditorApr 23, 2026
- Results of operationsApr 9, 2026
- Entered a material agreement · New financial obligationApr 2, 2026
- Results of operationsNov 14, 2025
- Delisting / listing-standard noticeAug 15, 2025
- Results of operationsAug 11, 2025
- Modified shareholder rights · Amended charter or bylawsJul 29, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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