FSI FLEXIBLE SOLUTIONS INTERNATIONAL INC

Overview and Growth

FLEXIBLE SOLUTIONS INTERNATIONAL INC generated $38.52M of revenue in fiscal 2025, with net income of $786.89K and an operating cash inflow of $3.78M. Revenue of $38.52M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 0.7% above fiscal 2024 revenue of $38.23M, marking a year-over-year increase. The company reported diluted EPS of $0.06, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS decreased by 75.0% from $0.24 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.62x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $12.54M as gross profit before recognizing operating expenses and other items. The gross-profit relationship equaled 32.6% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was $4.60M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 11.9%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $786.89K, after the operating, financing, tax, and other items recognized for the period. Measured against reported revenue, net income produced a 2.0% margin after operating costs and the remaining recognized items. Before income taxes, the company reported $3.27M of earnings, providing a bridge between the operating result and final net income. Measured against revenue, pretax income equaled 8.5%, adding a pre-tax profitability layer between revenue and net income. Income tax expense totaled $899.58K, providing the reported tax component that separates pretax and after-tax earnings. The effective relationship between income tax and positive pretax income was 27.5%, without assuming a statutory-rate comparison. Return on period-end equity was 1.8%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 1.3%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

At period end, the $61.83M asset base was financed through $19.00M of liabilities and $42.83M of equity. At period end, current assets of $32.93M compared with current liabilities of $10.75M, defining the company’s short-term resource position. Current assets covered current liabilities by 3.06x, leaving a positive buffer for near-term obligations. The company carried $4.44M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 0.1x, placing the company’s financial leverage in clear balance-sheet terms. Relative to total assets, debt measured 7.2%, showing how much of the asset base was matched by borrowing. The liabilities-to-assets relationship was 30.7%, placing reported obligations against the full positive asset balance. Total assets were 3.1% higher than fiscal 2024 assets of $59.97M, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

The company reported $3.78M of operating cash flow, a cash inflow that shows the cash generated by operations. Operating cash flow equaled 4.81x of net income, showing how strongly accounting earnings converted into cash from operations. Capital expenditures used $4.37M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital spending absorbed 115.6% of operating cash flow, quantifying the share of cash from operations directed to investment. Operating cash flow and capital spending combined to leave a $591.71K cash deficit after capital spending. Relative to revenue, the post-investment cash deficit represented 1.5%. The free-cash-flow deficit equaled 1.0% of total assets, placing the cash shortfall against the company’s resource base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.