FLEXIBLE SOLUTIONS INTERNATIONAL INC FSI

Healthcare SIC 2890 - Miscellaneous Chemical Products NAICS Manufacturing › Chemical Manufacturing derived NYSE

Solutions Ltd. into Flexible Solutions International, Inc., a Nevada corporation. In connection with this merger, we issued 7,000,000

shares of common stock to the former shareholders of Flexible Solutions Ltd. in exchange for all of the outstanding shares of Flexible

Solutions Ltd.

June 2004 we purchased 52 U.S. and 139 International Patents ("IP"), as well as a 56,780 sq. ft. manufacturing plant near

Last close 6.41 2026-10-23
Market cap $81.9M 2026-06-30 share count
52-week range 4.85 - 9.89

Valuation FY2025 figures against the last close

P/S2.1x
P/E106.8x
P/FCF—
EV/EBITDA13.5x
Dividend yield1.6%
Diluted EPS0.06

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $38.5M$38.2M$38.3M$45.8M$34.4M$31.4M$27.4M$17.8M$15.5M$16.2M
Cost of revenue $26.0M$25.0M$27.9M$32.0M$23.0M$21.6M$18.8M$12.2M$9.5M$9.3M
Gross profit $12.5M$13.2M$10.4M$13.9M$11.4M$9.8M$8.6M$5.6M$6.0M$7.0M
R&D $615.3K$330.0K$158.2K$99.3K$116.4K$81.4K$123.7K$135.9K$98.9K$95.1K
SG&A $3.6M$2.9M————————
Total operating expenses $7.9M$7.7M$6.9M$6.8M$5.9M$5.6M$6.7M$4.3M$4.5M$3.9M
Operating income $4.6M$5.5M$3.5M$7.1M$5.5M$4.1M$1.9M$1.3M$1.5M$3.1M
Interest expense ——$498.7K$292.9K$199.9K$260.7K$428.4K$93.7K$44.1K$41.7K
Pre-tax income $3.3M$5.0M$3.6M$7.9M$6.7M$5.2M$2.3M$3.1M$3.4M$3.1M
Income tax $899.6K$851.2K$132.7K$145.9K$2.4M$1.6M$17.4K$533.1K$680.3K$982.1K
Net income $786.9K$3.0M$2.8M$7.0M$3.4M$3.0M$1.9M$2.5M$1.8M$1.8M
EPS, basic 0.060.240.220.570.28———0.150.16
EPS, diluted 0.060.240.220.560.280.240.160.210.150.15
Shares, diluted (wtd. avg.) 13.6M12.7M12.5M12.5M12.5M12.3M12.1M11.8M11.7M11.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents —$7.6M$5.0M—$5.7M$3.5M$3.6M$7.9M$6.9M$2.5M
Short-term investments —$2.4M$2.7M$700.0K$1.0M$1.0M————
Receivables $12.6M$11.7M$9.8M$9.4M$7.1M$5.9M$4.5M$4.4M$2.1M$3.0M
Inventory $10.5M$10.9M$11.1M$14.4M$9.5M$8.4M$9.2M$8.7M$4.7M$3.8M
Total current assets $32.9M$34.6M$30.2M$31.0M$23.8M$19.0M$17.5M$21.2M$14.0M$9.5M
Property, plant and equipment $16.1M$17.1M$13.2M$9.7M$4.9M$5.1M$4.0M$2.6M$1.9M$3.4M
Goodwill $2.5M$2.5M$2.5M$2.5M$2.5M$2.5M$2.5M$2.5M——
Other intangibles $2.0M$2.1M$2.3M$2.4M$2.6M$2.8M$3.0M$3.1M$79.5K$95.9K
Total assets $61.8M$60.0M$55.5M$51.6M$39.6M$35.1M$32.4M$31.2M$17.8M$15.2M
Accounts payable $2.2M$2.0M$2.0M$873.9K$1.3M$558.1K$636.3K$860.8K$939.1K$902.0K
Short-term debt $397.0K$2.1M$59.5K$717.6K$793.6K$848.8K$1.2M$771.4K$201.2K$201.2K
Total current liabilities $10.8M$11.9M$10.1M$10.3M$9.8M$7.9M$6.8M$6.1M$2.7M$2.3M
Long-term debt $4.0M$6.6M$6.8M$5.4M$2.4M$3.8M$4.4M$4.4M$352.1K$553.3K
Total liabilities $19.0M$18.6M$17.2M$16.3M$11.8M$11.3M$11.9M$11.7M$2.9M$2.7M
Retained earnings $19.3M$19.8M$18.1M$15.9M$8.9M$5.4M$2.5M$2.9M$451.6K-$1.3M
Total equity $38.9M$38.0M$38.3M$35.2M$27.7M$23.8M$20.5M$17.1M$14.9M$12.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $3.8M$5.6M$6.1M$1.5M$4.5M$5.7M$2.4M-$2.2M$1.0M$1.8M
Depreciation and amortisation $1.8M$1.8M$1.5M$1.1M$773.5K$659.2K$427.8K$326.1K$270.2K$524.5K
Stock-based compensation $555.3K$673.1K$395.1K$399.1K$210.1K$156.0K$246.4K$111.2K$116.1K$66.3K
Capital expenditure $4.4M$5.0M$5.0M$2.0M$782.2K$1.1M$1.8M$180.8K$426.5K$114.3K
Investing cash flow $890.9K-$2.2M-$4.9M-$2.2M-$659.5K-$3.2M-$2.7M-$2.6M$3.0M-$217.7K
Financing cash flow -$5.9M-$978.3K-$379.9K$848.3K-$1.7M-$2.7M-$3.1M$6.1M-$45.2K-$1.7M
Dividends paid $1.3M$1.3M$626.8K———$2.4M———
Buybacks —————————$1.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-016796.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M Revenue, FY2016: 16.2M Gross profit, FY2016: 7M Net income, FY2016: 1.8M Revenue, FY2017: 15.5M Gross profit, FY2017: 6M Net income, FY2017: 1.8M Revenue, FY2018: 17.8M Gross profit, FY2018: 5.6M Net income, FY2018: 2.5M Revenue, FY2019: 27.4M Gross profit, FY2019: 8.6M Net income, FY2019: 1.9M Revenue, FY2020: 31.4M Gross profit, FY2020: 9.8M Net income, FY2020: 3M Revenue, FY2021: 34.4M Gross profit, FY2021: 11.4M Net income, FY2021: 3.4M Revenue, FY2022: 45.8M Gross profit, FY2022: 13.9M Net income, FY2022: 7M Revenue, FY2023: 38.3M Gross profit, FY2023: 10.4M Net income, FY2023: 2.8M Revenue, FY2024: 38.2M Gross profit, FY2024: 13.2M Net income, FY2024: 3M Revenue, FY2025: 38.5M Gross profit, FY2025: 12.5M Net income, FY2025: 786.9K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $16.2M $15.5M $17.8M $27.4M $31.4M $34.4M $45.8M $38.3M $38.2M $38.5M
Gross profit $7.0M $6.0M $5.6M $8.6M $9.8M $11.4M $13.9M $10.4M $13.2M $12.5M
Net income $1.8M $1.8M $2.5M $1.9M $3.0M $3.4M $7.0M $2.8M $3.0M $786.9K

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Other event Item 8.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Material agreement signed Item 1.01
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 2890

TickerCompanyMarket capP/ERevenue growth
ESI Element Solutions Inc $8.09B 42.0x 3.8%
CBT CABOT CORP $3.81B 12.3x -7.0%
WDFC WD 40 CO $2.85B 31.8x 5.0%
FTK FLOTEK INDUSTRIES INC/CN/ $865.7M 28.5x 26.9%
OEC Orion S.A. $308.0M — -3.8%
ASPI ASP Isotopes Inc. $298.2M — 475.5%
ARQ Arq, Inc. $76.4M — 10.4%
ZTEK Zentek Ltd. — — —