Quick Answer
FGI Industries Ltd. reported R&D Expense of $1.70 million for fiscal year 2024.
FGI Industries Ltd. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $1.70M | +23.4% |
| 2023 | $1.38M | +30.6% |
| 2022 | $1.05M | +63.1% |
| 2021 | $646.1K | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $283.9K | -37.2% | -41.4% |
| June 30, 2025 | $484.5K | -8.7% | +53.0% |
| March 31, 2025 | $316.7K | -1.2% | -29.9% |
| September 30, 2024 | $452.0K | +6.7% | -14.8% |
| June 30, 2024 | $530.8K | +40.8% | +65.5% |
| March 31, 2024 | $320.7K | -8.8% | -24.3% |
| September 30, 2023 | $423.7K | +77.5% | +12.4% |
| June 30, 2023 | $377.1K | +60.0% | +7.2% |
- FGI Industries Ltd. showed an increase of +23.4% in R&D Expense compared to the prior fiscal year.
- Over the 2021–2024 period, FGI Industries Ltd.’s r&d expense has grown by 163.0% (from $646.1 thousand to $1.70 million).
- The most recent figure is from FGI Industries Ltd.’s fiscal year 2024 report (Form 10-K), filed with the SEC on March 31, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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