FGI Q1 revenue $30.5M, -8.2% YoY; net loss $1.0M

FGI Industries Ltd.

Gross profit $8.2M (-8.3% YoY); gross margin 26.8% flat; operating loss $0.7M.
Sanitaryware revenue $16.1M (-20% YoY); bath furniture +10.9%, shower systems +14.0%.
Revenue declined 5.9% in U.S. and 25.5% in Canada; Europe up 15.4%.
Liquidity $7.9M; management cites tariff uncertainty and China+1 sourcing strategy.
Adjusted net loss $0.7M; operating expenses down 13.1% YoY to $8.9M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FGI Industries Ltd. reported first quarter 2026 results: revenue $30.5 million, net income net loss attributable to shareholders of $1.0 million.

Period: first quarter 2026
Revenue: $30.5 million
Net income: net loss attributable to shareholders of $1.0 million
Result: reported results

Exact text from the filing

of kitchen and bath products, today announced results for the first quarter 2026. FIRST QUARTER 2026 HIGHLIGHTS (As compared to the first quarter of 2025) ▪ Total revenue of $30.5 million, -8.2% y/y ▪ Gross profit of $8.2 million , -8.3% y/y ▪ Gross margin of 26.8% , 0 bps y/y ▪ Operating loss of $0.7 million and net loss attributable to shareholders of $1.0

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Source: SEC EDGAR

accession 0001628280-26-035143

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