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Financials · FSI

Flexible Solutions International Inc. (FSI) financials

For the twelve months ended Jun 30, 2026, Flexible Solutions International Inc. reported $35.58M of revenue and -$3.16M of net income.

Revenue, TTM
$35.58M
Revenue growth, YoY
-4.7%
Net income, TTM
-$3.16M
Net margin
-8.9%
Free cash flow, TTM
-$3.48M
EPS, diluted, TTM
-$0.24
Cash
$7.20M
Total debt
$4.24M
P/S
2.41
Market cap
$85.6M
Annual revenue$38.52M
FY2016FY2025
Annual net income$786.9K
FY2016FY2025
Annual free cash flow-$591.7K
FY2016FY2025

FSI revenue and earnings growth

FSI revenueQ2 2026$7.61M

Quarter YoY
-33.1%
QoQ
-8.3%
FY YoY
+0.7%
5Y CAGR
+4.2%
10Y CAGR
+9.3%

FSI revenue was $7.61M in fiscal Q2 2026 (ended Jun 30, 2026), down 33.1% from a year earlier and down 8.3% from the prior quarter. For the full fiscal 2025 it was $38.52M, up 0.7% from fiscal 2024. Compound annual growth was +4.2% over 5 years and +9.3% over 10 years. It rose in 7 of the last 10 fiscal years.

FSI net incomeQ2 2026-$1.91M

FY YoY
-74.1%
5Y CAGR
-23.4%
10Y CAGR
-6.3%

FSI net income was -$1.91M in fiscal Q2 2026 (ended Jun 30, 2026), compared with $2.03M a year earlier. For the full fiscal 2025 it was $786.9K, down 74.1% from fiscal 2024. Compound annual growth was -23.4% over 5 years and -6.3% over 10 years. It rose in 6 of the last 10 fiscal years.

FSI EPSQ2 2026-$0.15

FY YoY
-75.0%
5Y CAGR
-24.2%
10Y CAGR
-5.9%

FSI diluted EPS was -$0.15 in fiscal Q2 2026 (ended Jun 30, 2026), compared with $0.15 a year earlier. For the full fiscal 2025 it was $0.06, down 75.0% from fiscal 2024. Compound annual growth was -24.2% over 5 years and -5.9% over 10 years.

FSI free cash flowQ2 2026$4.57M

Quarter YoY
+6.1%

FSI free cash flow was $4.57M in fiscal Q2 2026 (ended Jun 30, 2026), up 6.1% from a year earlier. For the full fiscal 2025 it was -$591.7K, compared with $603.6K in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$38.52M$38.23M$38.32M$45.84M$34.42M$31.41M$27.44M$17.83M$15.49M$16.25M
Cost of revenue$25.98M$24.99M$27.88M$31.97M$23.02M$21.64M$18.82M$12.19M$9.51M$9.26M
Gross profit$12.54M$13.24M$10.44M$13.87M$11.40M$9.77M$8.62M$5.64M$5.99M$6.99M
Research and development$615.3K$330.0K$158.2K$99.3K$116.4K$81.4K$123.7K$135.9K$98.9K$95.1K
Selling, general and admin$3.64M$2.85M--------
Operating income$4.60M$5.52M$3.50M$7.05M$5.48M$4.12M$1.91M$1.31M$1.51M$3.09M
Interest expense--$498.7K$292.9K$199.9K$260.7K$428.4K$93.7K$44.1K$41.7K
Pre-tax income$3.27M$4.95M$3.62M$7.86M$6.65M$5.19M$2.31M$3.05M$3.42M$3.08M
Income tax$899.6K$851.2K-$132.7K$145.9K$2.36M$1.61M$17.4K$533.1K$680.3K$982.1K
Net income$786.9K$3.04M$2.78M$7.02M$3.45M$2.98M$1.91M$2.49M$1.75M$1.79M
EPS, basic$0.06$0.24$0.22$0.57$0.28$0.24$0.16$0.21$0.15$0.16
EPS, diluted$0.06$0.24$0.22$0.56$0.28$0.24$0.16$0.21$0.15$0.15
Diluted shares13.6M12.7M12.5M12.5M12.5M12.3M12.1M11.8M11.7M11.6M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$6.63M$7.63M$5.02M$6.12M$5.71M$3.47M$3.63M$7.86M$6.91M$2.47M
Short-term investments-$2.40M$2.69M$700.0K$1.03M$1.00M----
Receivables$12.62M$11.70M$9.84M$9.45M$7.13M$5.89M$4.47M$4.42M$2.11M$3.01M
Inventory$10.54M$10.89M$11.13M$14.42M$9.50M$8.37M$9.18M$8.73M$4.69M$3.79M
Current assets$32.93M$34.58M$30.23M$30.99M$23.81M$19.04M$17.51M$21.21M$13.96M$9.49M
Goodwill$2.53M$2.53M$2.53M$2.53M$2.53M$2.53M$2.53M$2.53M--
Total assets$61.83M$59.97M$55.47M$51.59M$39.55M$35.09M$32.38M$31.20M$17.77M$15.16M
Current liabilities$10.75M$11.86M$10.05M$10.30M$9.82M$7.89M$6.79M$6.10M$2.70M$2.34M
Short-term debt$397.0K$2.14M$59.5K$717.6K$793.6K$848.8K$1.20M$771.4K$201.2K$201.2K
Long-term debt$4.04M$6.62M$6.83M$5.44M$1.57M$3.00M$3.18M$3.58M$150.9K$352.1K
Total debt$4.44M$8.76M$6.89M$6.15M$2.37M$3.85M$4.38M$4.35M$352.1K$553.3K
Total liabilities$19.00M$18.60M$17.20M$16.35M$11.85M$11.32M$11.92M$11.67M$2.85M$2.69M
Shareholders' equity$38.91M$41.37M$38.27M$35.24M$27.71M$23.77M$20.46M$17.06M$14.92M$12.46M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$3.78M$5.57M$6.12M$1.48M$4.54M$5.71M$2.37M-$2.23M$1.04M$1.78M
Capital expenditures$4.37M$4.96M$4.99M$1.98M$782.2K$1.08M$1.83M$180.8K$426.5K$114.3K
Free cash flow-$591.7K$603.6K$1.13M-$504.4K$3.75M$4.62M$538.6K-$2.41M$615.9K$1.66M
Investing cash flow$890.9K-$2.16M-$4.85M-$2.22M-$659.5K-$3.22M-$2.67M-$2.56M$2.97M-$217.7K
Financing cash flow-$5.94M-$978.3K-$379.9K$848.3K-$1.71M-$2.70M-$3.09M$6.13M-$45.2K-$1.69M
Dividends paid$1.27M$1.26M$626.8K---$2.40M---
Share repurchases---------$1.57M
Stock-based compensation$555.3K$673.1K$395.1K$399.1K$210.1K$156.0K$246.4K$111.2K$116.1K$66.3K
Depreciation and amortization$1.97M$1.96M$1.69M$1.28M$965.9K$851.7K$620.3K$342.6K$286.6K$524.5K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY0.7%-0.2%-16.4%33.2%9.6%14.5%53.9%15.1%-4.6%2.2%
Net income growth, YoY-74.1%9.5%-60.5%103.6%15.9%55.7%-23.2%41.9%-2.2%19.2%
EPS growth, YoY-75.0%9.1%-60.7%100.0%16.7%50.0%-23.8%40.0%0.0%36.4%
Gross margin32.6%34.6%27.2%30.3%33.1%31.1%31.4%31.6%38.6%43.0%
Operating margin11.9%14.4%9.1%15.4%15.9%13.1%7.0%7.3%9.8%19.0%
Net margin2.0%7.9%7.2%15.3%10.0%9.5%7.0%14.0%11.3%11.0%
Free cash flow margin-1.5%1.6%2.9%-1.1%10.9%14.7%2.0%-13.5%4.0%10.2%
Return on equity2.0%7.3%7.3%19.9%12.4%12.5%9.3%14.6%11.8%14.4%
Return on assets1.3%5.1%5.0%13.6%8.7%8.5%5.9%8.0%9.9%11.8%
Current ratio3.062.913.013.012.422.412.583.475.174.05
Debt to equity0.110.210.180.170.090.160.210.260.020.04

Source: XBRL data Flexible Solutions International Inc. files with the SEC, latest filing dated Aug 14, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

FSI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FSI$35.58M-4.7%-$3.16M-8.9%$85.6M
LIN$36.24B+8.2%$7.01B19.3%$238.88B
APD$12.60B+4.5%-$47.30M-0.4%$69.27B
DOW$42.61B+4.2%-$897.00M-2.1%$22.41B
IFF$11.69B+24.3%$182.00M1.6%$21.14B
DD$7.06B+3.2%$301.00M4.3%$20.56B
LYB$31.96B+3.5%$1.30B4.1%$19.23B
ALB$6.15B+24.4%$681.63M11.1%$11.70B
SOLS$4.17B+9.4%$325.00M7.8%$10.01B

FSI FAQ

9 questions
  • What is FSI revenue?
    Flexible Solutions International Inc. (FSI) reported $35.58M of revenue for the twelve months ended Jun 30, 2026. That is down 4.7% from the year before. Revenue for fiscal 2025 was $38.52M.
  • Is FSI profitable?
    No. Flexible Solutions International Inc. reported a net loss of $3.16M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does FSI have?
    Flexible Solutions International Inc. reported $7.20M in cash and cash equivalents and $4.24M of debt on its most recent balance sheet in SEC filings.
  • How fast is FSI revenue growing?
    Flexible Solutions International Inc.'s revenue changed +0.7% in fiscal 2025, to $38.52M. Its compound annual growth rate was +4.2% over 5 years and +9.3% over 10 years.
  • What is FSI gross margin?
    Flexible Solutions International Inc.'s gross profit was $6.80M on $35.58M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 19.1%.
  • What is FSI free cash flow?
    Flexible Solutions International Inc. generated -$3.48M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $2.54M less capital expenditures.
  • What is FSI earnings per share?
    Diluted earnings per share were -$0.24 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did FSI last report financial results?
    The latest statements here come from Flexible Solutions International Inc.'s 10-Q filed on Aug 14, 2026, covering the period ended Jun 30, 2026.
  • Where does this FSI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Flexible Solutions International Inc. files with the SEC. It is provided for information only and is not investment advice.