---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-025096"
form_type: "8-K"
ticker: "FGI"
cik: "0001864943"
company_name: "FGI Industries Ltd."
filed_at: "2025-05-13T23:59:59+00:00"
generated_at: "2026-05-21T18:29:22.368718+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FGI Q1 revenue up 8% to $33.2M but swings to operating loss of $1.3M; guides FY25 revenue $135-145M

## Summary
- Revenue $33.2M (+8% YoY); gross margin 26.8% (-60bps); operating loss $1.3M (vs $0.3M income).
- Net loss attributable to shareholders $0.6M ($0.07/diluted share) vs net income $0.4M ($0.04/share).
- Adjusted net loss $1.1M ($0.11/diluted share) vs adjusted net income $0.2M ($0.02/share).
- Bath Furniture +32.7%, Other/Kitchen Cabinets +135.7% (Covered Bridge); Sanitaryware -1.7%, Shower Systems -1.3%.
- FY2025 guidance: revenue $135-145M, adj op income $(2.0)-1.5M, adj net income $(1.9)-1.0M.

## SEC filing metadata
- accession: 0001628280-25-025096
- form_type: 8-K
- ticker: FGI
- cik: 0001864943
- company_name: FGI Industries Ltd.
- filed_at: 2025-05-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1864943/000162828025025096/0001628280-25-025096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1864943/000162828025025096/fgi-20250513.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-025096
- JSON: https://secwatch.observer/filing/0001628280-25-025096.json
- Plain text: https://secwatch.observer/filing/0001628280-25-025096.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.