FLEXIBLE SOLUTIONS INTERNATIONAL INC Income Statement
FSI|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$39M
FY2025
Gross Profit
$13M
32.6% gross margin
Operating Income
$5M
FY2025
Net Income
$786,894
FY2025
FLEXIBLE SOLUTIONS INTERNATIONAL INC reported $39M in revenue and $786,894 in net income for FY2025. Revenue has grown at a 6.7% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Cash-backed earnings: Operating cash flow exceeds net income
- Altman Z-Score 2.09 (gray zone, between 1.23 and 2.9)
- Conservative debt: Debt-to-equity ratio of 0.11
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.5M | $38.2M | $38.3M | $45.8M | $34.4M | $31.4M | $27.4M | $17.8M | $15.5M | $16.2M | $15.9M | $15.9M | $15.8M | $16.4M | $15.5M |
| Cost of Revenue | $26.0M | $25.0M | $27.9M | $32.0M | $23.0M | $21.6M | $18.8M | $12.2M | $9.5M | $9.3M | $9.7M | $10.8M | $11.3M | $11.1M | $9.7M |
| Gross Profit | $12.5M | $13.2M | $10.4M | $13.9M | $11.4M | $9.8M | $8.6M | $5.6M | $6.0M | $7.0M | $6.2M | $5.1M | $4.5M | $5.3M | $5.9M |
| SG&A Expense | $3.6M | $2.9M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D Expense | $615.3K | $330.0K | $158.2K | $99.3K | $116.4K | $81.4K | $123.7K | $135.9K | $98.9K | $95.1K | $95.3K | $135.0K | $123.8K | $68.3K | $73.2K |
| Operating Income | $4.6M | $5.5M | $3.5M | $7.1M | $5.5M | $4.1M | $1.9M | $1.3M | $1.5M | $3.1M | $2.4M | $660.8K | -$894.4K | -$34.1K | $1.3M |
| Interest Expense | - | - | $498.7K | $292.9K | $199.9K | $260.7K | $428.4K | $93.7K | $44.1K | $41.7K | $55.8K | $94.9K | $109.2K | $128.4K | $95.7K |
| Income Tax | $899.6K | $851.2K | -$132.7K | $145.9K | $2.4M | $1.6M | $17.4K | $533.1K | $680.3K | $982.1K | $765.3K | $422.0K | -$134.7K | $1.1M | $1.1M |
| Net Income | $786.9K | $3.0M | $2.8M | $7.0M | $3.4M | $3.0M | $1.9M | $2.5M | $1.8M | $1.8M | $1.5M | $403.3K | $1.8M | -$1.1M | $183.0K |
| EPS (Basic) | $0.24 | $0.22 | $0.57 | $0.28 | - | - | - | - | $0.16 | - | - | - | - | $0.01 | -$0.01 |
| EPS (Diluted) | $0.24 | $0.22 | $0.56 | $0.28 | $0.24 | $0.16 | $0.21 | $0.15 | $0.15 | $0.11 | $0.03 | $0.14 | -$0.08 | $0.01 | $0.01 |
| Shares Outstanding | 12.5M | 12.4M | 12.4M | 12.4M | 12.3M | 12.2M | 11.7M | 11.6M | 11.5M | 13.2M | 13.2M | 13.2M | 13.2M | 13.2M | 14.0M |
| Gross Margin | 32.6% | 34.6% | 27.3% | 30.3% | 33.1% | 31.1% | 31.4% | 31.6% | 38.6% | 43.0% | 39.0% | 32.3% | 28.7% | 32.1% | 37.7% |
| Operating Margin | 11.9% | 14.4% | 9.1% | 15.4% | 15.9% | 13.1% | 7.0% | 7.3% | 9.8% | 19.0% | 14.8% | 4.2% | -5.7% | -0.2% | 8.4% |
| Profit Margin | 2.0% | 8.0% | 7.2% | 15.3% | 10.0% | 9.5% | 7.0% | 14.0% | 11.3% | 11.0% | 9.5% | 2.5% | 11.5% | -6.6% | 1.2% |