FSI · Flexible Solutions International Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.30M | - | $10.56M | $11.37M | $7.47M | - | $9.31M | $10.53M | $9.22M | - |
| Cost of Revenue | $6.41M | - | $8.03M | $5.98M | $5.52M | - | $5.51M | $6.59M | $6.40M | - |
| Gross Profit | $1.89M | - | $2.52M | $5.39M | $1.95M | - | $3.81M | $3.94M | $2.82M | - |
| R&D | $116.5K | - | $255.7K | $167.2K | $106.8K | - | $27.8K | $62.5K | $126.7K | - |
| SG&A | $756.0K | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $1.98M | - | $2.21M | $2.09M | $2.02M | - | $2.03M | $2.13M | $2.23M | - |
| D&A | $509.5K | - | $448.1K | $476.9K | $465.2K | - | - | - | $422.7K | - |
| Operating Income | ($86.0K) | - | $311.3K | $3.30M | ($69.2K) | - | $1.78M | $1.81M | $590.6K | - |
| Interest Expense | - | - | - | - | - | - | - | - | $175.3K | - |
| Income Tax | - | - | ($181.7K) | $1.02M | $110.4K | - | $367.6K | $558.3K | $264.2K | - |
| Net Income | ($241.4K) | - | ($503.4K) | $2.03M | ($277.7K) | - | $611.9K | $1.29M | $457.2K | - |
| EPS - Basic | ($0.02) | - | ($0.04) | $0.16 | ($0.02) | - | $0.05 | $0.10 | $0.04 | - |
| EPS - Diluted | ($0.02) | - | ($0.04) | $0.15 | ($0.02) | - | $0.05 | $0.10 | $0.04 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $5.82M | $6.63M | $8.48M | $8.61M | $9.65M | $7.63M | $10.62M | $6.84M | $5.53M | $5.02M |
| Accounts Receivable | $13.39M | $12.62M | $9.47M | $8.60M | $11.98M | $11.70M | $8.07M | $8.79M | $12.99M | $9.84M |
| Inventory | $12.52M | $10.54M | $9.49M | $11.33M | $11.13M | $10.89M | $9.72M | $10.33M | $10.46M | $11.13M |
| Accounts Payable | $2.59M | $2.22M | $2.13M | $1.72M | $2.16M | $2.05M | $909.9K | $1.49M | $1.40M | $1.98M |
| Current Assets | $34.25M | $32.93M | $32.87M | $31.09M | $36.08M | $34.58M | $32.31M | $28.92M | $32.52M | $30.23M |
| Total Assets | $63.93M | $61.83M | $58.35M | $58.23M | $61.69M | $59.97M | $57.83M | $56.34M | $57.58M | $55.47M |
| Current Liabilities | $13.37M | $10.75M | $11.09M | $9.15M | $13.29M | $11.86M | $10.19M | $10.92M | $11.90M | $10.05M |
| Long-term Debt | $3.93M | $4.04M | $4.15M | $6.38M | $6.51M | $6.62M | $7.05M | $6.10M | $6.32M | $6.83M |
| Total Liabilities | $21.30M | $19.00M | $15.36M | $15.65M | $19.92M | $18.60M | $17.50M | $17.28M | $18.48M | $17.20M |
| Stockholders' Equity | $38.81M | $38.91M | $38.97M | $39.37M | $38.42M | $38.03M | $36.95M | $36.16M | $35.97M | $35.20M |
| Retained Earnings | $19.11M | $19.35M | $19.81M | $20.31M | $19.56M | $19.84M | $19.16M | $18.55M | $18.51M | $18.05M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($1.82M) | - | - | - | ($544.3K) | - | - | - | ($532.3K) | - |
| Investing Cash Flow | ($1.50M) | - | - | - | ($354.1K) | - | - | - | ($172.9K) | - |
| Financing Cash Flow | $2.60M | - | - | - | $1.70M | - | - | - | $1.30M | - |
| CapEx | $2.23M | - | - | - | $354.1K | - | - | - | $478.1K | - |
| Free Cash Flow | ($4.05M) | - | - | - | ($898.4K) | - | - | - | ($1.01M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 22.8% | - | 23.9% | 47.4% | 26.1% | - | 40.9% | 37.4% | 30.6% | - |
| Operating margin | -1.0% | - | 2.9% | 29.0% | -0.9% | - | 19.1% | 17.2% | 6.4% | - |
| EBITDA margin | 5.1% | - | 7.2% | 33.2% | 5.3% | - | - | - | 11.0% | - |
| Net margin | -2.9% | - | -4.8% | 17.8% | -3.7% | - | 6.6% | 12.3% | 5.0% | - |
| Free cash flow margin | -48.8% | - | - | - | -12.0% | - | - | - | -11.0% | - |
| FCF / Net income | 16.78 | - | - | - | 3.23 | - | - | - | -2.21 | - |
| R&D / Revenue | 1.4% | - | 2.4% | 1.5% | 1.4% | - | 0.3% | 0.6% | 1.4% | - |
| SG&A / Revenue | 9.1% | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | 33.4% | - | - | 37.5% | 30.2% | 36.6% | - |
| Return on assets | -0.4% | - | -0.9% | 3.5% | -0.5% | - | 1.1% | 2.3% | 0.8% | - |
| Return on equity | -0.6% | - | -1.3% | 5.2% | -0.7% | - | 1.7% | 3.6% | 1.3% | - |
| Return on invested capital | - | - | 0.6% | 4.8% | -0.1% | - | 2.5% | 3.0% | 0.9% | - |
| Liquidity | ||||||||||
| Current ratio | 2.56 | 3.06 | 2.96 | 3.40 | 2.72 | 2.91 | 3.17 | 2.65 | 2.73 | 3.01 |
| Quick ratio | 1.62 | 2.08 | 2.11 | 2.16 | 1.88 | 2.00 | 2.22 | 1.70 | 1.85 | 1.90 |
| Cash ratio | 0.44 | 0.62 | 0.76 | 0.94 | 0.73 | 0.64 | 1.04 | 0.63 | 0.46 | 0.50 |
| Leverage | ||||||||||
| Debt / Equity | 0.10 | 0.10 | 0.11 | 0.16 | 0.17 | 0.17 | 0.19 | 0.17 | 0.18 | 0.19 |
| Debt / Assets | 0.06 | 0.07 | 0.07 | 0.11 | 0.11 | 0.11 | 0.12 | 0.11 | 0.11 | 0.12 |
| Debt / EBITDA | 9.27 | - | 5.46 | 1.69 | 16.43 | - | - | - | 6.24 | - |
| Interest coverage | - | - | - | - | - | - | - | - | 3.4x | - |
| Equity multiplier | 1.65 | 1.59 | 1.50 | 1.48 | 1.61 | 1.58 | 1.57 | 1.56 | 1.60 | 1.58 |
| Liabilities / Assets | 0.33 | 0.31 | 0.26 | 0.27 | 0.32 | 0.31 | 0.30 | 0.31 | 0.32 | 0.31 |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | - | 0.18 | 0.20 | 0.12 | - | 0.16 | 0.19 | 0.16 | - |
| Inventory turnover | 0.51 | - | 0.85 | 0.53 | 0.50 | - | 0.57 | 0.64 | 0.61 | - |
| Days sales outstanding | 589d | - | 327d | 276d | 585d | - | 316d | 305d | 514d | - |
| Days inventory outstanding | 713d | - | 431d | 692d | 736d | - | 644d | 572d | 596d | - |
| Days payable outstanding | 147d | - | 97d | 105d | 143d | - | 60d | 82d | 80d | - |
| Cash conversion cycle | 1155d | - | 662d | 863d | 1178d | - | 900d | 795d | 1030d | - |
| Valuation | ||||||||||
| P / E | - | - | - | 32.3x | - | - | 72.9x | 17.5x | 47.0x | - |
| P / B | 1.8x | - | 3.1x | 1.6x | 1.7x | - | 1.3x | 0.6x | 0.7x | - |
| P / S | 8.3x | - | 11.6x | 5.7x | 8.5x | - | 5.0x | 2.1x | 2.5x | - |
| EV / EBITDA | 157.9x | - | 155.0x | 16.5x | 152.6x | - | - | - | 23.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 11.0% | - | 13.3% | 8.0% | -19.0% | - | 6.8% | 1.9% | -6.3% | - |
| Revenue CAGR (3y) | -5.6% | - | -3.3% | 0.6% | -11.5% | - | 0.4% | 7.2% | 6.6% | - |
| Revenue CAGR (5y) | 1.7% | - | 5.4% | 8.1% | -2.4% | - | 19.5% | 20.5% | 1.7% | - |
| Gross profit growth (YoY) | -3.2% | - | -33.7% | 36.7% | -30.8% | - | 158.6% | 29.6% | -8.6% | - |
| Operating income growth (YoY) | -24.3% | - | -82.5% | 81.8% | - | - | - | 72.5% | -50.0% | - |
| Net income growth (YoY) | 13.1% | - | - | 57.3% | - | - | - | 59.3% | -48.3% | - |
| EPS growth (YoY) | 0.0% | - | - | 50.0% | - | - | - | 66.7% | - | - |
| EPS CAGR (3y) | - | - | - | 4.9% | - | - | - | 3.6% | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -351.0% | - | - | - | 11.1% | - | - | - | -129.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 1.0% | 2.3% | 5.5% | 8.9% | 6.8% | 8.0% | 9.5% | 5.9% | 7.2% | 7.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$41.42M totalProduct$36.02M · 87.0%
Research And Development Sales$2.50M · 6.0%
Research And Development Services$2.50M · 6.0%
Shipping And Handling$402.6K · 1.0%
Geographic
$38.52M totalUnited Statesand Abroad$37.69M · 97.9%
CA$820.9K · 2.1%
Peer comparison
Same SIC group: Miscellaneous Chemical Products
Comparing FLEXIBLE SOLUTIONS INTERNATIONAL INC against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months · -100.0% YoY
| Ex-date | Per share |
|---|---|
| May 19, 2025 | $0.1000 |
| Apr 27, 2023 | $0.0500 |
| Sep 30, 2019 | $0.0750 |
| Mar 28, 2019 | $0.0750 |
| Mar 5, 2019 | $0.0500 |