Flexible Solutions International, Inc. (FSI)

FSI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	38.56	38.23	38.32	45.84	34.42	31.41
Revenue Growth (YoY)	0.18%	-0.24%	-16.39%	33.19%	9.58%	14.46%
Cost of Revenue	26.03	24.99	27.88	31.97	23.02	21.64
Gross Profit	12.53	13.24	10.44	13.87	11.4	9.77
Selling, General & Admin	7.35	7.2	6.6	6.21	5.47	5.23
Research & Development	0.64	0.33	0.16	0.1	0.12	0.08
Operating Expenses	7.99	7.53	6.76	6.32	5.59	5.32
Operating Income	4.54	5.71	3.69	7.55	5.8	4.45
Interest Expense	-0.66	-0.61	-0.5	-0.29	-0.2	-0.26
Interest & Investment Income	0.19	0.2	0.11	0.13	0.08	0.05
Currency Exchange Gain (Loss)	0.09	0	0.04	-0.02	-0.03	0.01
Other Non Operating Income (Expenses)	-0.22	-0.2	-0.22	-0.18	-0.09	-0.08
EBT Excluding Unusual Items	3.93	5.1	3.12	7.18	5.56	4.17
Gain (Loss) on Sale of Investments	0	-0.11	0.51	0.34	0.51	0.88
Gain (Loss) on Sale of Assets	-	-	-	-	0.04	0.14
Other Unusual Items	-	-0.04	-	0.34	0.54	-
Pretax Income	3.93	4.95	3.62	7.86	6.65	5.19
Income Tax Expense	0.61	0.85	-0.13	0.15	2.36	1.61
Earnings From Continuing Operations	3.33	4.1	3.76	7.71	4.29	3.58
Minority Interest in Earnings	-1.4	-1.06	-0.98	-0.69	-0.85	-0.61
Net Income	1.93	3.04	2.78	7.02	3.45	2.98
Net Income to Common	1.93	3.04	2.78	7.02	3.45	2.98
Net Income Growth	-53.65%	9.46%	-60.47%	103.57%	15.86%	55.67%
Shares Outstanding (Basic)	13	12	12	12	12	12
Shares Outstanding (Diluted)	13	13	12	12	13	12
Shares Change (YoY)	7.33%	1.53%	0.18%	-0.31%	1.65%	1.79%
EPS (Basic)	0.15	0.24	0.22	0.57	0.28	0.24
EPS (Diluted)	0.14	0.24	0.22	0.56	0.28	0.24
EPS Growth	-57.60%	9.09%	-60.71%	100.00%	16.67%	50.00%
Free Cash Flow	-0.86	0.6	1.13	-0.5	3.75	4.62
Free Cash Flow Per Share	-0.06	0.05	0.09	-0.04	0.30	0.38
Gross Margin	32.50%	34.63%	27.25%	30.25%	33.11%	31.10%
Operating Margin	11.77%	14.94%	9.62%	16.46%	16.86%	14.17%
Profit Margin	5.00%	7.95%	7.24%	15.32%	10.02%	9.48%
Free Cash Flow Margin	-2.23%	1.58%	2.94%	-1.10%	10.91%	14.72%
EBITDA	6.51	7.67	5.37	8.82	6.77	5.3
EBITDA Margin	16.89%	20.05%	14.02%	19.25%	19.67%	16.88%
D&A For EBITDA	1.97	1.96	1.69	1.28	0.97	0.85
EBIT	4.54	5.71	3.69	7.55	5.8	4.45
EBIT Margin	11.77%	14.94%	9.62%	16.46%	16.86%	14.17%
Effective Tax Rate	15.40%	17.19%	-	1.86%	35.43%	30.97%
Advertising Expenses	-	0.22	0.19	0.18	0.17	0.2

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q