FLEX LNG Ltd. (FLNG) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 80.46M | 87.54M | 85.68M | 85.98M | 88.44M | 90.93M | 90.48M | 84.7M | 90.23M | 97.23M | 94.58M | 86.73M | 92.48M | 97.93M | 91.26M | 84.16M | 74.57M | 114.59M | 81.76M | 65.84M |
| Revenue Growth % | -9.02% | -3.74% | -5.31% | 1.52% | -1.99% | -6.48% | -4.34% | -2.34% | -2.42% | -0.71% | 3.64% | 3.05% | 24.01% | -14.54% | 11.62% | 27.82% | -8.23% | 70.08% | 146.65% | 155.67% |
| Cost of Goods Sold | 43.7M | 43.23M | 41.85M | 40.13M | 38.66M | 38.41M | 37.12M | 37.47M | 35.77M | 37.4M | 36.09M | 36.31M | 33.6M | 34.63M | 36.13M | 33.89M | 33.51M | 35.33M | 33.72M | 33.57M |
| COGS % of Revenue | 54.32% | 49.39% | 48.84% | 46.67% | 43.71% | 42.23% | 41.03% | 44.24% | 39.65% | 38.46% | 38.16% | 41.86% | 36.33% | 35.36% | 39.59% | 40.26% | 44.94% | 30.83% | 41.25% | 50.98% |
| Gross Profit | 36.75M | 44.3M | 43.83M | 45.85M | 49.78M | 52.53M | 53.36M | 47.23M | 54.46M | 59.83M | 58.49M | 50.42M | 58.88M | 63.3M | 55.13M | 50.27M | 41.06M | 79.26M | 48.03M | 32.27M |
| Gross Margin % | 45.68% | 50.61% | 51.16% | 53.33% | 56.29% | 57.77% | 58.97% | 55.76% | 60.35% | 61.54% | 61.84% | 58.14% | 63.67% | 64.64% | 60.41% | 59.74% | 55.06% | 69.17% | 58.75% | 49.02% |
| Gross Profit Growth % | -26.17% | -15.66% | -17.86% | -2.92% | -8.59% | -12.21% | -8.77% | -6.33% | -7.51% | -5.48% | 6.09% | 0.3% | 43.41% | -20.13% | 14.78% | 55.77% | -17.02% | 109.17% | 275.93% | 210.53% |
| Operating Expenses | 2.55M | 1.69M | 1.82M | 1.92M | 2.53M | 2.65M | 1.88M | 2.74M | 2.52M | 2.11M | 2.29M | 2.2M | 3.87M | 2.3M | 2.33M | 1.82M | 2.7M | 1.98M | 1.66M | 2.52M |
| OpEx % of Revenue | 3.17% | 1.93% | 2.13% | 2.24% | 2.86% | 2.92% | 2.07% | 3.23% | 2.8% | 2.17% | 2.42% | 2.53% | 4.18% | 2.34% | 2.56% | 2.16% | 3.62% | 1.73% | 2.03% | 3.83% |
| Selling, General & Admin | 2.55M | 1.69M | 1.82M | 1.92M | 2.53M | 2.65M | 1.88M | 2.74M | 2.52M | 2.11M | 2.29M | 2.2M | 3.87M | 2.3M | 2.33M | 1.82M | 2.7M | 1.98M | 1.66M | 2.52M |
| SG&A % of Revenue | 3.17% | 1.93% | 2.13% | 2.24% | 2.86% | 2.92% | 2.07% | 3.23% | 2.8% | 2.17% | 2.42% | 2.53% | 4.18% | 2.34% | 2.56% | 2.16% | 3.62% | 1.73% | 2.03% | 3.83% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 34.2M | 42.62M | 42.01M | 43.93M | 47.25M | 49.88M | 51.49M | 44.49M | 51.94M | 57.72M | 56.2M | 48.22M | 55.01M | 61.01M | 52.8M | 48.45M | 38.36M | 77.28M | 46.38M | 29.75M |
| Operating Margin % | 42.51% | 48.68% | 49.03% | 51.09% | 53.43% | 54.85% | 56.9% | 52.53% | 57.56% | 59.37% | 59.42% | 55.6% | 59.49% | 62.3% | 57.85% | 57.57% | 51.44% | 67.44% | 56.72% | 45.18% |
| Operating Income Growth % | -27.62% | -14.56% | -18.41% | -1.27% | -9.02% | -13.59% | -8.39% | -7.73% | -5.59% | -5.38% | 6.45% | -0.47% | 43.41% | -21.06% | 13.85% | 62.87% | -19.67% | 112.9% | 313.8% | 237.05% |
| EBITDA | 53.45M | 62.26M | 61.45M | 62.91M | 65.81M | 68.89M | 70.5M | 63.41M | 70.47M | 76.48M | 74.94M | 66.47M | 72.63M | 79.21M | 71M | 66.46M | 56.17M | 95.56M | 64.58M | 46.87M |
| EBITDA Margin % | 66.44% | 71.12% | 71.71% | 73.17% | 74.41% | 75.76% | 77.91% | 74.87% | 78.1% | 78.66% | 79.23% | 76.65% | 78.54% | 80.89% | 77.8% | 78.97% | 75.32% | 83.39% | 78.98% | 71.19% |
| EBITDA Growth % | -18.78% | -9.63% | -12.84% | -0.78% | -6.62% | -9.92% | -5.92% | -4.61% | -2.97% | -3.45% | 5.54% | 0.02% | 29.31% | -17.1% | 9.95% | 41.79% | -12.22% | 90.08% | 194.7% | 169.23% |
| D&A (Non-Cash Add-back) | 19.25M | 19.64M | 19.44M | 18.98M | 18.56M | 19.02M | 19.01M | 18.91M | 18.54M | 18.76M | 18.74M | 18.25M | 17.62M | 18.2M | 18.2M | 18.01M | 17.81M | 18.27M | 18.2M | 17.13M |
| EBIT | 34.2M | 42.62M | 42.01M | 42.04M | 40.89M | 70.75M | 43.74M | 49.02M | 59.89M | 57.72M | 72.68M | 48.22M | 42.89M | 66.02M | 68.18M | 48.45M | 70.42M | 83.87M | 47.12M | 26.78M |
| Net Interest Income | -19.33M | -21.93M | -22.3M | -23.04M | -21.26M | -24M | -25.48M | -26M | -25.64M | -26.7M | -26.6M | -25.92M | -24.63M | -23.48M | -20.91M | -15.59M | -14.61M | -14.38M | -14.36M | -14.05M |
| Interest Income | 780K | 981K | 975K | 1.26M | 869K | 1.47M | 937K | 1.12M | 937K | 950K | 945K | 1.28M | 1.69M | 1.06M | 649K | 267K | 29K | 21K | 8K | 5K |
| Interest Expense | 20.11M | 22.91M | 23.28M | 24.31M | 22.13M | 25.47M | 26.32M | 27.12M | 26.69M | 27.66M | 27.54M | 27.2M | 26.32M | 24.54M | 21.56M | 15.86M | 14.64M | 14.37M | 14.32M | 14.01M |
| Other Income/Expense | -14.66M | -21.05M | -25.17M | -26.19M | -28.49M | -4.6M | -34.06M | -22.59M | -18.73M | -38.33M | -11.07M | -9.2M | -38.44M | -19.53M | -6.18M | -4.18M | 17.42M | -7.78M | -13.58M | -16.98M |
| Pretax Income | 19.53M | 21.57M | 16.84M | 17.73M | 18.76M | 45.28M | 17.43M | 21.91M | 33.2M | 19.39M | 45.13M | 39.02M | 16.57M | 41.48M | 46.61M | 44.27M | 55.78M | 69.5M | 32.8M | 12.77M |
| Pretax Margin % | 24.28% | 24.64% | 19.65% | 20.63% | 21.21% | 49.79% | 19.26% | 25.87% | 36.8% | 19.95% | 47.72% | 44.99% | 17.91% | 42.36% | 51.08% | 52.6% | 74.8% | 60.65% | 40.12% | 19.39% |
| Income Tax | 23K | 15K | 18K | 16K | 33K | 62K | 18K | 72K | -20K | 4K | 33K | 5K | 36K | 44K | 27K | 11K | 16K | 71K | -8K | 28K |
| Effective Tax Rate % | 0.12% | 0.07% | 0.11% | 0.09% | 0.18% | 0.14% | 0.1% | 0.33% | -0.06% | 0.02% | 0.07% | 0.01% | 0.22% | 0.11% | 0.06% | 0.02% | 0.03% | 0.1% | -0.02% | 0.22% |
| Net Income | 19.51M | 21.55M | 16.82M | 17.72M | 18.73M | 45.22M | 17.41M | 21.84M | 33.22M | 19.39M | 45.1M | 39.02M | 16.53M | 41.43M | 46.59M | 44.26M | 55.76M | 69.43M | 32.81M | 12.74M |
| Net Margin % | 24.25% | 24.62% | 19.63% | 20.61% | 21.18% | 49.73% | 19.24% | 25.78% | 36.82% | 19.94% | 47.68% | 44.99% | 17.88% | 42.31% | 51.05% | 52.59% | 74.78% | 60.59% | 40.13% | 19.35% |
| Net Income Growth % | 4.18% | -52.34% | -3.39% | -18.85% | -43.63% | 133.19% | -61.4% | -44.04% | 100.98% | -53.2% | -3.19% | -11.85% | -70.35% | -40.32% | 42.01% | 247.38% | 18.07% | 168.93% | 758.35% | 291.39% |
| Net Income (Continuing) | 19.51M | 21.55M | 16.82M | 17.72M | 18.73M | 45.22M | 17.41M | 21.84M | 33.22M | 19.39M | 45.1M | 39.02M | 16.53M | 41.43M | 46.59M | 44.26M | 55.76M | 69.43M | 32.81M | 12.74M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.36 | 0.40 | 0.31 | 0.33 | 0.35 | 0.84 | 0.32 | 0.40 | 0.62 | 0.36 | 0.84 | 0.72 | 0.31 | 0.78 | 0.87 | 0.83 | 1.05 | 1.30 | 0.62 | 0.24 |
| EPS Growth % | 2.86% | -52.38% | -3.13% | -17.5% | -43.55% | 133.33% | -61.9% | -44.44% | 100% | -53.85% | -3.45% | -13.25% | -70.48% | -40% | 40.32% | 245.83% | 19.32% | 170.83% | 785.71% | 300% |
| EPS (Basic) | 0.36 | 0.40 | 0.31 | 0.33 | 0.35 | 0.84 | 0.32 | 0.41 | 0.62 | 0.36 | 0.84 | 0.73 | 0.31 | 0.78 | 0.88 | 0.83 | 1.05 | 1.31 | 0.62 | 0.24 |
| Diluted Shares Outstanding | 54.09M | 54.09M | 54.1M | 54.1M | 54.09M | 54.03M | 54.04M | 54.03M | 53.98M | 53.98M | 53.96M | 53.94M | 53.92M | 53.37M | 53.5M | 53.45M | 53.35M | 53.31M | 53.23M | 53.46M |
| Basic Shares Outstanding | 54.09M | 54.09M | 54.25M | 54.09M | 54.09M | 53.85M | 53.88M | 53.85M | 53.74M | 53.74M | 53.69M | 53.68M | 53.68M | 53.37M | 53.17M | 53.14M | 53.13M | 53.13M | 53.18M | 53.31M |
| Dividend Payout Ratio | 207.93% | 180.32% | 241.21% | 228.94% | 216.61% | 89.71% | 232.09% | 185.04% | 121.3% | 242.48% | 89.27% | 103.19% | 324.74% | 96.43% | 142.6% | 90.05% | 71.46% | 57.96% | 64.89% | 167.3% |