Flexible Solutions International, Inc. (FSI) 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 | 8.3M | 9.12M | 10.56M | 11.37M | 7.47M | 9.17M | 9.31M | 10.53M | 9.22M | 9.43M | 8.72M | 10.33M | 9.85M | 12.21M | 11.69M | 11.17M | 10.78M | 9.04M | 9.21M | 8.54M |
| Revenue Growth % | 11.02% | -0.53% | 13.33% | 7.96% | -18.98% | -2.75% | 6.82% | 1.91% | -6.32% | -22.79% | -25.37% | -7.47% | -8.68% | 35.01% | 26.81% | 30.81% | 41.43% | 26.36% | 13.58% | 10.71% |
| Cost of Goods Sold | 7.43M | 6.44M | 8.03M | 5.98M | 5.52M | 6.49M | 5.51M | 6.59M | 6.4M | 6.58M | 7.25M | 7.29M | 6.76M | 9.19M | 8.5M | 7.3M | 6.97M | 6.81M | 5.72M | 5.58M |
| COGS % of Revenue | 89.61% | 70.62% | 76.09% | 52.62% | 73.89% | 70.83% | 59.13% | 62.59% | 69.43% | 69.8% | 83.12% | 70.59% | 68.67% | 75.32% | 72.76% | 65.41% | 64.65% | 75.31% | 62.06% | 65.32% |
| Gross Profit | 862.22K | 2.68M | 2.52M | 5.39M | 1.95M | 2.67M | 3.81M | 3.94M | 2.82M | 2.85M | 1.47M | 3.04M | 3.08M | 3.01M | 3.18M | 3.86M | 3.81M | 2.23M | 3.5M | 2.96M |
| Gross Margin % | 10.39% | 29.38% | 23.91% | 47.38% | 26.11% | 29.17% | 40.87% | 37.41% | 30.57% | 30.2% | 16.88% | 29.41% | 31.33% | 24.68% | 27.24% | 34.59% | 35.35% | 24.69% | 37.94% | 34.68% |
| Gross Profit Growth % | -55.82% | 0.19% | -33.7% | 36.71% | -30.8% | -6.09% | 158.55% | 29.62% | -8.58% | -5.51% | -53.74% | -21.31% | -19.07% | 34.98% | -8.98% | 30.45% | 40.77% | 18.7% | 39% | 22.27% |
| Operating Expenses | 948.18K | 2.64M | 2.25M | 2.09M | 2.02M | 1.34M | 2.03M | 1.97M | 2.05M | 1.19M | 1.86M | 1.99M | 1.9M | 1.78M | 1.55M | 2.01M | 1.48M | 2.07M | 1.25M | 1.25M |
| OpEx % of Revenue | 11.43% | 28.96% | 21.31% | 18.37% | 27.04% | 14.66% | 21.75% | 18.69% | 22.27% | 12.63% | 21.32% | 19.24% | 19.32% | 14.55% | 13.26% | 18.03% | 13.73% | 22.87% | 13.61% | 14.63% |
| Selling, General & Admin | 762.36K | 3.89M | 1.46M | 1.46M | 1.54M | 1.38M | 1.41M | 1.47M | 1.58M | 381.36K | 1.41M | 1.66M | 1.48M | 248.46K | 1.28M | 1.66M | 1.26M | 419.46K | 1.09M | 1.01M |
| SG&A % of Revenue | 9.19% | 42.65% | 13.84% | 12.88% | 20.54% | 15.11% | 15.13% | 13.96% | 17.18% | 4.05% | 16.13% | 16.06% | 15.01% | 2.04% | 10.99% | 14.87% | 11.69% | 4.64% | 11.83% | 11.78% |
| Research & Development | 116.53K | 85.59K | 255.66K | 167.25K | 106.8K | 113.02K | 27.81K | 62.47K | 126.65K | 68.08K | 52.83K | 15.83K | 21.5K | 35.93K | 19.09K | 26.56K | 17.7K | 65.77K | 16.42K | 15.95K |
| R&D % of Revenue | 1.4% | 0.94% | 2.42% | 1.47% | 1.43% | 1.23% | 0.3% | 0.59% | 1.37% | 0.72% | 0.61% | 0.15% | 0.22% | 0.29% | 0.16% | 0.24% | 0.16% | 0.73% | 0.18% | 0.19% |
| Other Operating Expenses | 69.3K | -1000K | 532.9K | 456.69K | 378.9K | -153.85K | 588.07K | 436.01K | 343.06K | 741.22K | 399.84K | 312.56K | 402.97K | 1000K | 245.58K | 326.06K | 202.06K | 1000K | 147.01K | 227.25K |
| Operating Income | -85.97K | 38.22K | 273.96K | 3.3M | -69.16K | 1.33M | 1.78M | 1.97M | 765.83K | 1.66M | -386.67K | 1.05M | 1.18M | 1.24M | 1.63M | 1.85M | 2.33M | 164.07K | 2.24M | 1.71M |
| Operating Margin % | -1.04% | 0.42% | 2.6% | 29.01% | -0.93% | 14.51% | 19.12% | 18.72% | 8.3% | 17.57% | -4.43% | 10.18% | 12.01% | 10.14% | 13.98% | 16.56% | 21.62% | 1.81% | 24.34% | 20.05% |
| Operating Income Growth % | -24.3% | -97.13% | -84.62% | 67.29% | -109.03% | -19.71% | 560.65% | 87.49% | -35.22% | 33.86% | -123.68% | -43.14% | -49.28% | 654.11% | -27.17% | 8.02% | 70.74% | -22.2% | 92.06% | 45.97% |
| EBITDA | 423.53K | 558.89K | 758.88K | 3.79M | 396.04K | 1.85M | 2.27M | 2.49M | 1.19M | 2.13M | 89.97K | 1.47M | 1.54M | 1.7M | 1.98M | 2.1M | 2.58M | 419.43K | 2.55M | 2.04M |
| EBITDA Margin % | 5.1% | 6.13% | 7.19% | 33.36% | 5.3% | 20.14% | 24.36% | 23.63% | 12.88% | 22.57% | 1.03% | 14.26% | 15.62% | 13.95% | 16.99% | 18.81% | 23.9% | 4.64% | 27.69% | 23.84% |
| EBITDA Growth % | 6.94% | -69.72% | -66.56% | 52.43% | -66.68% | -13.23% | 2422.19% | 68.9% | -22.72% | 24.93% | -95.47% | -29.88% | -40.33% | 306% | -22.21% | 3.22% | 54.03% | -32.02% | 80.81% | 45.41% |
| D&A (Non-Cash Add-back) | 509.5K | 520.67K | 484.92K | 494.89K | 465.2K | 516.13K | 488.13K | 516.86K | 422.67K | 471.15K | 476.65K | 421.68K | 355.58K | 465.55K | 351.76K | 251.83K | 246.03K | 255.35K | 309.23K | 323.55K |
| EBIT | -85.97K | 149.96K | 341.41K | 3.35M | 44.34K | 866.89K | 1.59M | 2.15M | 955.65K | 1.31M | -164.44K | 1.46M | 1.4M | 1.45M | 1.75M | 2.42M | 2.45M | 238.63K | 2.41M | 1.97M |
| Net Interest Income | -96.62K | -82.54K | -75.17K | -157.46K | -148.45K | -89.88K | -101.18K | -95.69K | -127.07K | -73.45K | -114.22K | -74.32K | -122.86K | -39.7K | -43.4K | -42.09K | -35.53K | -34.77K | -6.27K | -28.91K |
| Interest Income | 37.45K | 12.7K | 61.29K | 26.67K | 49.57K | 55.25K | 31.57K | 61.44K | 48.2K | 55.24K | 5.38K | 41.17K | 12.01K | 62.88K | 37.21K | 10.05K | 22.09K | 10.08K | 35.48K | 22.15K |
| Interest Expense | 134.07K | 95.24K | 136.47K | 184.13K | 198.02K | 145.13K | 132.74K | 157.13K | 175.27K | 128.7K | 119.6K | 115.5K | 134.87K | 102.58K | 80.61K | 52.14K | 57.62K | 44.85K | 41.75K | 51.05K |
| Other Income/Expense | -150.71K | 16.5K | -69.01K | -135.72K | -84.52K | -608.09K | -321.25K | 19.77K | 14.56K | -362.31K | 102.63K | 297.88K | 82.01K | 190.44K | 36.76K | 522.66K | 58.85K | 69.87K | 127.92K | 212.41K |
| Pretax Income | -236.68K | 54.72K | 204.95K | 3.16M | -153.68K | 721.77K | 1.46M | 1.99M | 780.39K | 1.29M | -284.04K | 1.35M | 1.26M | 1.43M | 1.67M | 2.37M | 2.39M | 233.95K | 2.37M | 1.92M |
| Pretax Margin % | -2.85% | 0.6% | 1.94% | 27.81% | -2.06% | 7.87% | 15.67% | 18.91% | 8.46% | 13.73% | -3.26% | 13.06% | 12.84% | 11.7% | 14.29% | 21.24% | 22.16% | 2.59% | 25.72% | 22.54% |
| Income Tax | 46.68K | -45.2K | -181.74K | 1.02M | 110.36K | -338.83K | 367.62K | 558.25K | 264.18K | -1.01M | 219.71K | 354.37K | 299.78K | -1.46M | 349.18K | 542.8K | 712.45K | 527.81K | 864.51K | 478.73K |
| Effective Tax Rate % | -19.72% | -82.6% | -88.68% | 32.14% | -71.81% | -46.94% | 25.18% | 28.04% | 33.85% | -77.79% | -77.35% | 26.27% | 23.71% | -102.16% | 20.91% | 22.89% | 29.81% | 225.61% | 36.47% | 24.88% |
| Net Income | -241.42K | -460.93K | -503.36K | 2.03M | -277.73K | 679.65K | 611.86K | 1.29M | 457.23K | 1.8M | -718.16K | 809.87K | 884.37K | 2.72M | 1.11M | 1.66M | 1.53M | -340.79K | 1.16M | 1.18M |
| Net Margin % | -2.91% | -5.06% | -4.77% | 17.85% | -3.72% | 7.41% | 6.57% | 12.25% | 4.96% | 19.1% | -8.24% | 7.84% | 8.98% | 22.27% | 9.48% | 14.89% | 14.22% | -3.77% | 12.62% | 13.79% |
| Net Income Growth % | 13.08% | -167.82% | -182.27% | 57.3% | -160.74% | -62.24% | 185.2% | 59.26% | -48.3% | -33.78% | -164.81% | -51.29% | -42.31% | 897.54% | -4.69% | 41.27% | 5.69% | -11811.71% | 99.64% | 3.87% |
| Net Income (Continuing) | -283.36K | 99.91K | 386.69K | 2.15M | -264.04K | 1.06M | 1.09M | 1.43M | 516.21K | 2.3M | -503.75K | 994.73K | 964.49K | 2.89M | 1.32M | 1.83M | 1.68M | -293.86K | 1.51M | 1.45M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 3.81M | 3.92M | 4.02M | 3.21M | 3.35M | 3.33M | 3.38M | 2.9M | 3.12M | 3.07M | 2.75M | 2.68M | 2.69M | 2.61M | 2.63M | 2.53M | 2.48M | 2.6M | 2.83M | 2.71M |
| EPS (Diluted) | -0.02 | -0.04 | -0.04 | 0.15 | -0.02 | 0.05 | 0.05 | 0.10 | 0.04 | 0.14 | -0.06 | 0.06 | 0.07 | 0.22 | 0.09 | 0.13 | 0.12 | -0.03 | 0.09 | 0.09 |
| EPS Growth % | 14.03% | -167.92% | -182.57% | 50% | -160.22% | -61.93% | 183.39% | 54.56% | -48.02% | -36.36% | -164.8% | -50.23% | -41.17% | 908.82% | -0.89% | 44.44% | 0% | - | 80% | 0% |
| EPS (Basic) | -0.02 | -0.04 | -0.04 | 0.16 | -0.02 | 0.05 | 0.05 | 0.10 | 0.04 | 0.14 | -0.06 | 0.07 | 0.07 | 0.22 | 0.09 | 0.13 | 0.12 | -0.03 | 0.09 | 0.10 |
| Diluted Shares Outstanding | 12.74M | 12.72M | 13.52M | 13.27M | 12.59M | 12.69M | 12.7M | 12.48M | 12.45M | 12.44M | 12.44M | 12.52M | 12.53M | 12.45M | 12.42M | 12.48M | 12.54M | 12.54M | 12.55M | 12.51M |
| Basic Shares Outstanding | 12.74M | 12.72M | 12.63M | 12.65M | 12.59M | 12.52M | 12.45M | 12.45M | 12.45M | 12.82M | 12.44M | 12.44M | 12.43M | 12.43M | 12.38M | 12.38M | 12.36M | 12.36M | 12.32M | 12.3M |
| Dividend Payout Ratio | - | - | - | 62.83% | - | - | - | 97.31% | - | - | - | - | - | - | - | - | - | - | - | - |