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Flexible Solutions International Income Statement 2025-2009 | FSI
Brief overview of financial performance at Flexible Solutions International
The overview follows changes across a five-year period. According to figures from Flexible Solutions International, revenue changed from $31.4 million to $38.5 million over five years. Overall revenue changed by +22.6%, equal to an annualized rate of about 4.2%. Revenue was effectively stagnant over the period.
Gross profit changed from $9.8 million to $12.5 million (+28.4%). The relationship between revenue and direct costs remained stable. Gross profit as a share of revenue changed from 31.1% to 32.6%. Gross profitability remained broadly stable.
The five-year EBITDA result moved by +32.1%: from 5 million dollars to 6.6 million dollars. The operating result changed at a rate similar to sales. EBITDA margin was 15.8% at the start and 17% at the end. Operating profitability remained broadly stable.
Over the period, net income shifted from $3.6 million to $787 thousand (−78%). Lower net income weakens the overall financial picture.
Market value was $30.5 million at the start and $66.9 million at the end. Capitalization rose despite deteriorating fundamentals.
What the figures show
Positive developments coexist with areas of weakness. The constructive conclusion rests on improving gross profitability and positive operating leverage. Caution is warranted because of declining net profitability and weak sales momentum. The next reporting periods will show whether revenue, margins, and final profitability can strengthen.
Annual Income Statement Flexible Solutions International
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
66.9 M | 62.9 M | 23.6 M | 36.5 M | 47.9 M | 30.5 M | 30 M | 18.6 M | 19.2 M | 16.3 M | 10.1 M | 16.7 M | 12.4 M | 17.5 M | 30.3 M | 26.5 M | - |
Shares |
12.6 M | 12.5 M | 12.4 M | 12.4 M | 12.3 M | 12.2 M | 11.9 M | 11.6 M | 11.5 M | 11.5 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.3 M | 14 M | - |
Historical Prices |
5.29 | 5.05 | 1.9 | 2.95 | 3.89 | 2.49 | 2.57 | 1.23 | 1.66 | 1.21 | 0.908 | 1.03 | 0.876 | 1.05 | 2.05 | 1.9 | 1.37 |
Net Income |
787 K | 3.04 M | 2.78 M | 7.02 M | 3.45 M | 3.58 M | 1.91 M | 2.49 M | 1.75 M | 1.79 M | 1.5 M | 403 K | 1.82 M | -1.08 M | 183 K | -190 K | - |
Revenue |
38.5 M | 38.2 M | 38.3 M | 45.8 M | 34.4 M | 31.4 M | 27.4 M | 17.8 M | 15.5 M | 16.2 M | 15.9 M | 15.9 M | 15.8 M | 16.4 M | 15.5 M | - | - |
Cost of Revenue |
26 M | 25 M | 27.9 M | 32 M | 23 M | 21.6 M | 18.8 M | 12.2 M | 9.51 M | 9.26 M | 9.7 M | 10.8 M | 11.3 M | 11.1 M | 9.66 M | 7.02 M | - |
Gross Profit |
12.5 M | 13.2 M | 10.4 M | 13.9 M | 11.4 M | 9.77 M | 8.62 M | 5.64 M | 5.99 M | 6.99 M | 6.2 M | 5.14 M | 4.53 M | 5.27 M | 5.86 M | 4.47 M | - |
Operating Income |
4.6 M | 5.52 M | 3.5 M | 7.05 M | 5.48 M | 4.12 M | 1.91 M | 1.31 M | 1.51 M | 3.09 M | 2.35 M | 661 K | -894 K | -34.1 K | 1.31 M | 500 K | - |
Interest Expense |
- | - | 499 K | 293 K | 200 K | 261 K | 428 K | 93.7 K | 44.1 K | 41.7 K | 55.8 K | 94.9 K | 109 K | 128 K | 95.7 K | 77.2 K | - |
EBITDA |
6.57 M | 7.47 M | 5.19 M | 8.33 M | 6.45 M | 4.97 M | 3.38 M | 1.3 M | 1.91 M | 3.66 M | 2.93 M | 1.47 M | 797 K | 1.34 M | 1.74 M | 857 K | - |
Operating Expenses |
7.94 M | 7.72 M | 6.94 M | 6.82 M | 5.91 M | 5.65 M | 5.87 M | 4.68 M | 4.36 M | 3.87 M | 3.85 M | 4.46 M | 5.03 M | 5.19 M | 4.44 M | 3.97 M | - |
General and Administrative Expenses |
3.64 M | 2.85 M | - | - | - | - | 5.58 M | 4.48 M | 4.25 M | 3.76 M | 3.72 M | 4.29 M | 4.88 M | 5.06 M | 4.12 M | - | - |
All numbers in USD currency
Quarterly Income Statement Flexible Solutions International
| 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
12.7 M | 12.7 M | 12.6 M | 12.6 M | 12.5 M | 12.5 M | 12.5 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.4 M | 12.3 M | 12.3 M | 12.3 M | 12.3 M | 12.2 M | 12.2 M | 12.2 M | 12.2 M | 12.1 M | 11.8 M | 11.7 M | 11.7 M | 11.6 M | 11.6 M | 11.6 M | 11.6 M | 11.5 M | 11.5 M | 11.5 M | 11.5 M | 11.4 M | 11.4 M | 11.5 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.2 M | 13.6 M |
Net Income |
-241 K | -503 K | 2.03 M | -278 K | - | 612 K | 1.29 M | 457 K | - | -718 K | 810 K | 884 K | - | 1.11 M | 1.66 M | 1.68 M | - | 1.16 M | 1.45 M | 1.64 M | - | 582 K | 1.13 M | 1.26 M | - | 412 K | -27.7 K | 1.01 M | - | -145 K | 2.14 M | 704 K | - | -279 K | 274 K | 3.25 M | - | 86 K | 561 K | 742 K | - | 237 K | 319 K | 504 K | - | 177 K | 400 K | -156 K | - | -682 K | 70.2 K | 65.2 K | - | -458 K | -466 K | 223 K | - | -92.3 K | 175 K | 358 K |
Revenue |
8.3 M | 10.6 M | 11.4 M | 7.47 M | - | 9.31 M | 10.5 M | 9.22 M | - | 8.72 M | 10.3 M | 9.85 M | - | 11.7 M | 11.2 M | 10.8 M | - | 9.21 M | 8.54 M | 7.62 M | - | 8.11 M | 7.71 M | 8.43 M | - | 7.4 M | 6.77 M | 8.47 M | - | 3.82 M | 4.14 M | 4.21 M | - | 3.27 M | 4.72 M | 4.66 M | - | 3.12 M | 3.73 M | 5.31 M | - | 3.3 M | 3.9 M | 4.96 M | - | 3.85 M | 4.29 M | 3.81 M | - | 2.98 M | 4.88 M | 4.5 M | - | 3.6 M | 3.76 M | 5.19 M | - | 3.86 M | 3.93 M | 4.36 M |
Cost of Revenue |
6.41 M | 8.03 M | 5.98 M | 5.52 M | - | 5.51 M | 6.59 M | 6.4 M | - | 7.25 M | 7.29 M | 6.76 M | - | 8.5 M | 7.3 M | 6.97 M | - | 5.72 M | 5.58 M | 4.92 M | - | 5.6 M | 5.29 M | 5.48 M | - | 5.02 M | 4.62 M | 5.7 M | - | 2.86 M | 2.6 M | 2.23 M | - | 2.27 M | 2.84 M | 2.57 M | - | 2 M | 1.75 M | 3.07 M | - | 2.09 M | 2.27 M | 3.06 M | - | 2.52 M | 2.73 M | 2.66 M | - | 2.43 M | 3.31 M | 3.16 M | - | 2.57 M | 2.65 M | 3.22 M | - | 2.71 M | 2.25 M | 2.57 M |
Gross Profit |
1.89 M | 2.52 M | 5.39 M | 1.95 M | - | 3.81 M | 3.94 M | 2.82 M | - | 1.47 M | 3.04 M | 3.08 M | - | 3.18 M | 3.86 M | 3.81 M | - | 3.5 M | 2.96 M | 2.71 M | - | 2.52 M | 2.42 M | 2.95 M | - | 2.38 M | 2.15 M | 2.78 M | - | 957 K | 1.54 M | 1.97 M | - | 995 K | 1.88 M | 2.09 M | - | 1.12 M | 1.98 M | 2.24 M | - | 1.21 M | 1.63 M | 1.9 M | - | 1.33 M | 1.55 M | 1.15 M | - | 556 K | 1.57 M | 1.35 M | - | 1.03 M | 1.11 M | 1.97 M | - | 1.15 M | 1.68 M | 1.78 M |
Operating Income |
-86 K | 311 K | 3.3 M | -69.2 K | - | 1.91 M | 1.97 M | 766 K | - | -387 K | 1.05 M | 1.18 M | - | 1.63 M | 1.85 M | 2.33 M | - | 2.24 M | 1.71 M | 1.37 M | - | 1.17 M | 1.17 M | 1.57 M | - | 819 K | 263 K | 1.05 M | - | -199 K | 566 K | 1.01 M | - | -182 K | 736 K | 1.05 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 121 K | - | -287 K | -346 K | 780 K | - | 155 K | 470 K | 678 K |
Interest Expense |
- | - | - | - | - | - | - | 175 K | - | 120 K | 115 K | 135 K | - | 80.6 K | 52.1 K | 57.6 K | - | 41.7 K | 51.1 K | 62.3 K | - | 43.9 K | 54.6 K | 101 K | - | 94.3 K | 118 K | 129 K | - | 7.74 K | 7.09 K | 7.4 K | - | 11.4 K | 12.7 K | 11.6 K | - | 11.3 K | 11.6 K | 10.9 K | - | 11.9 K | 14.8 K | 17.3 K | - | 19.7 K | 25.9 K | 26.8 K | - | 26.9 K | 46.5 K | 9.4 K | - | 24.2 K | 26.6 K | 34.8 K | - | 28.6 K | 20.8 K | 19.3 K |
EBITDA |
424 K | 756 K | 3.75 M | 396 K | - | 2.36 M | 2.45 M | 1.19 M | - | - | 1.13 M | 1.53 M | - | 2.45 M | 2.32 M | 2.56 M | - | 2.95 M | 2.19 M | 1.6 M | - | 1.61 M | 1.46 M | 1.71 M | - | 1.28 M | 569 K | 1.19 M | - | -18.2 K | 686 K | 1.07 M | - | -5.27 K | 863 K | 1.13 M | - | 405 K | 269 K | 132 K | - | 430 K | 285 K | 157 K | - | 427 K | 326 K | 201 K | - | 978 K | 656 K | 450 K | - | 633 K | 266 K | 1.09 M | - | 403 K | 633 K | 759 K |
Operating Expenses |
1.98 M | 2.21 M | 2.09 M | 2.02 M | - | 1.89 M | 1.97 M | 2.05 M | - | 1.86 M | 1.99 M | 1.9 M | - | 1.55 M | 2.01 M | 1.48 M | - | 1.25 M | 1.25 M | 1.34 M | - | 1.35 M | 1.25 M | 1.38 M | - | 1.56 M | 1.89 M | 1.73 M | - | 1.16 M | 971 K | 956 K | - | 1.18 M | 1.15 M | 1.04 M | - | 948 K | 1.05 M | 939 K | - | 894 K | 1.02 M | 966 K | - | 1.14 M | 1.06 M | 1.31 M | - | 1.23 M | 1.49 M | 1.23 M | - | 1.32 M | 1.45 M | 1.19 M | - | 998 K | 1.21 M | 1.11 M |
General and Administrative Expenses |
762 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Flexible Solutions International (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.
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