Flexible Solutions International (FSI) Financial Statements & Analysis

Flexible Solutions International (FSI) Income Statement

Flexible Solutions International reported revenue of $38.52M in fiscal 2025 (fiscal year ended Mar 31, 2026), up 0.7% from $38.23M a year earlier. Net income was $786.89K, down 74.1% year over year, a net margin of 2.0%. Gross margin was 22.6% and operating margin 9.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $7.61M, down 33.1% from the same quarter a year earlier.

Flexible Solutions International Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Flexible Solutions International, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Mar 2019	Dec 2017
Revenue & Gross Profit
Revenue	38.52	38.52	38.23	38.23	38.32	45.84	45.84	34.42	31.41	27.44	17.83	15.49
Cost of Revenue	29.82	25.98	24.99	24.99	27.99	31.97	31.97	23.02	21.64	18.82	12.19	9.51
Gross Profit	8.70	12.54	13.24	13.24	10.34	13.87	13.87	11.40	9.77	8.62	5.64	5.99
Operating Expenses
Research & Development	2.50	0.62	0.33	0.33	0.16	0.10	0.10	0.12	0.08	0.12	0.14	0.10
Selling, General & Administrative	8.35	8.35	5.85	7.39	5.64	5.60	6.21	5.47	5.23	5.04	3.99	4.26
Operating Expenses	5.12	10.36	7.72	7.72	7.34	6.82	6.82	5.91	5.32	6.71	4.68	4.36
Operating Income	3.57	4.60	5.52	5.52	3.00	7.05	7.05	5.48	4.45	1.91	1.31	1.51
Other Income/Expense
Interest Income	0.15	0.15	0.20	0.20	0.11	0.13	0.13	0.08	0.05	0.08	0.04	0.00
Interest Expense	0.61	0.61	0.61	-0.61	0.50	0.29	-0.29	-0.20	-0.26	0.43	0.09	0.04
Other Income/Expense	-0.31	-1.33	-0.56	-0.56	0.62	0.81	0.81	1.17	-0.08	0.41	1.75	1.91
Income
Income Before Tax	3.27	3.27	4.95	4.95	3.62	7.86	7.86	6.65	5.19	2.31	3.05	3.42
Income Tax Expense	0.90	0.90	0.85	0.85	-0.13	0.15	0.15	2.36	1.61	0.02	0.63	1.67
Net Income	0.79	0.79	3.04	3.04	2.78	7.02	7.02	3.45	2.98	1.91	2.49	1.75
Net Income - Continuous Operations	0.79	2.37	3.04	4.10	2.78	7.02	7.71	3.45	2.98	1.91	2.49	1.75
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	5.85	5.54	7.52	7.47	5.86	9.48	8.82	6.77	5.30	3.66	3.49	2.01
EBIT	-	3.57	-	5.52	4.12	-	7.55	5.80	4.45	-	-	-
Depreciation & Amortization	1.97	1.97	1.96	1.96	1.74	1.33	1.28	0.97	0.85	0.92	0.34	0.29
Earnings Per Share
Basic EPS	-	-	-	-	-	1.00	1.00	-	-	-	-	-
Diluted EPS	-	-	-	-	-	1.00	1.00	-	-	-	-	-
Basic Shares Outstanding	12.65	12.65	12.45	12.45	12.43	12.38	12.38	12.32	12.24	11.95	11.63	11.49
Diluted Shares Outstanding	13.59	13.59	12.68	12.68	12.49	12.47	12.47	12.51	12.30	12.09	11.82	11.73

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Flexible Solutions International Financial Statements

What was Flexible Solutions International's revenue in fiscal 2025?

Flexible Solutions International reported revenue of $38.52M in fiscal 2025 (fiscal year ended Mar 31, 2026). That was up 0.7% from $38.23M a year earlier.

Is Flexible Solutions International profitable?

Yes. Flexible Solutions International earned net income of $786.89K in fiscal 2025, a net margin of 2.0%. In fiscal 2024 it earned $3.04M.

What is Flexible Solutions International's operating margin?

Flexible Solutions International's operating income was $3.57M on revenue of $38.52M in fiscal 2025, an operating margin of 9.3%, compared with 14.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition