FLEXIBLE SOLUTIONS INTERNATIONAL INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $38.5M | $38.2M | $38.3M | $45.8M | $34.4M | $31.4M | $27.4M |
| Cost of Revenue | — | $26.0M | $25.0M | $27.9M | $32.0M | $23.0M | $21.6M | $18.8M |
| Gross Profit | — | $12.5M | $13.2M | $10.4M | $13.9M | $11.4M | $9.8M | $8.6M |
| Gross Margin | — | 32.6% | 34.6% | 27.2% | 30.3% | 33.1% | 31.1% | 31.4% |
| Operating Expenses | ||||||||
| Research & Development | — | $615.3K | $330.0K | $158.2K | $99.3K | $116.4K | $81.4K | $123.7K |
| SG&A Expense | — | $3.6M | $2.9M | — | — | — | — | — |
| Operating Income | — | $4.6M | $5.5M | $3.5M | $7.1M | $5.5M | $4.1M | $1.9M |
| Operating Margin | — | 11.9% | 14.4% | 9.1% | 15.4% | 15.9% | 13.1% | 7.0% |
| Interest Expense | — | — | — | $498.7K | $292.9K | $199.9K | $260.7K | $428.4K |
| Pretax Income | — | $3.3M | $5.0M | $3.6M | $7.9M | $6.7M | $5.2M | $2.3M |
| Income Tax Expense | — | $899.6K | $851.2K | $-132.7K | $145.9K | $2.4M | $1.6M | $17.4K |
| Net Income | — | $786.9K | $3.0M | $2.8M | $7.0M | $3.4M | $3.0M | $1.9M |
| Net Margin | — | 2.0% | 7.9% | 7.2% | 15.3% | 10.0% | 9.5% | 7.0% |
| EPS (Basic) | — | $0.06 | $0.24 | $0.22 | $0.57 | $0.28 | $0.24 | $0.16 |
| EPS (Diluted) | — | $0.06 | $0.24 | $0.22 | $0.56 | $0.28 | $0.24 | $0.16 |
| Shares Outstanding (Basic) | 12.7M | 12.6M | 12.5M | 12.4M | 12.4M | 12.3M | 12.2M | 11.9M |
| Shares Outstanding (Diluted) | 12.7M | 13.6M | 12.7M | 12.5M | 12.5M | 12.5M | 12.3M | 12.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |