v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Revenue $ 31,885,552 $ 30,998,260 $ 62,387,012 $ 64,210,808
Cost of revenue 21,223,160 22,291,653 43,563,929 46,603,943
Gross profit 10,662,392 8,706,607 18,823,083 17,606,865
Operating expenses        
Selling and distribution 5,978,039 6,209,728 12,193,296 13,372,906
General and administrative 2,877,453 2,844,715 5,231,686 5,545,928
Research and development 406,316 484,502 688,926 801,228
Total operating expenses 9,261,808 9,538,945 18,113,908 19,720,062
Income (loss) from operations 1,400,584 (832,338) 709,175 (2,113,197)
Other income (expenses)        
Interest income 1,694 1,688 2,569 2,129
Interest expense (449,751) (282,191) (804,653) (584,951)
Other income (expenses), net 315,334 (466,200) 242,283 (438,109)
Total other expenses, net (132,723) (746,703) (559,801) (1,020,931)
Income (loss) before income taxes 1,267,861 (1,579,041) 149,374 (3,134,128)
Total provision for (benefit of) income taxes 141,199 (214,576) 165,877 (954,106)
Net income (loss) 1,126,662 (1,364,465) (16,503) (2,180,022)
Less: net loss attributable to non-controlling shareholders (169,447) (132,941) (343,207) (319,406)
Net income (loss) attributable to FGI Industries Ltd. shareholders 1,296,109 (1,231,524) 326,704 (1,860,616)
Other comprehensive (loss) income        
Foreign currency translation adjustment (499,569) 603,035 (535,620) 689,467
Comprehensive income (loss) 627,093 (761,430) (552,123) (1,490,555)
Less: comprehensive loss attributable to non-controlling shareholders (169,447) (132,941) (343,207) (319,406)
Comprehensive income (loss) attributable to FGI Industries Ltd. shareholders $ 796,540 $ (628,489) $ (208,916) $ (1,171,149)
Weighted average number of ordinary shares(1)        
Basic (in shares) 1,930,144 1,918,248 1,925,408 [1] 1,917,029 [1]
Diluted (in shares) 2,008,306 1,918,248 1,970,423 [1] 1,917,029 [1]
Earnings (loss) per share        
Basic (in dollars per share) $ 0.67 $ (0.64) $ 0.17 [1] $ (0.97) [1]
Diluted (in dollars per share) $ 0.65 $ (0.64) $ 0.17 [1] $ (0.97) [1]
[1] Giving retroactive effect to the Reverse Share Split of the Preference Shares and Ordinary Shares at a ratio of 1-for-5 that became effective July 31, 2025. See Note 9 “Shareholders' Equity” for details.