FLEXIBLE SOLUTIONS INTERNATIONAL INC FSI
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
5.76
2026-09-04
Market cap
$73.6M
2026-06-30 share count
52-week range
4.85 - 11.30
Valuation FY2025 figures against the last close
P/S1.9x
P/E96.0x
P/FCF—
EV/EBITDA12.2x
Dividend yield1.7%
Diluted EPS0.06
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.06 | 0.24 | 0.22 | 0.57 | 0.28 | — | — | — | 0.15 | 0.16 |
| EPS, diluted | 0.06 | 0.24 | 0.22 | 0.56 | 0.28 | 0.24 | 0.16 | 0.21 | 0.15 | 0.15 |
| Shares, diluted (wtd. avg.) | $13.6M | $12.7M | $12.5M | $12.5M | $12.5M | $12.3M | $12.1M | $11.8M | $11.7M | $11.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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