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Flexible Solutn Financials

FSI
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Flexible Solutn (FSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 50 / 100
Financial Profile 50/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
54

Flexible Solutn has an operating margin of 14.4%, meaning the company retains $14 of operating profit per $100 of revenue. This results in a moderate score of 54/100, indicating healthy but not exceptional operating efficiency. This is up from 9.1% the prior year.

Growth
33

Flexible Solutn's revenue declined 0.2% year-over-year, from $38.3M to $38.2M. This contraction results in a growth score of 33/100.

Leverage
98

Flexible Solutn carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
56

Flexible Solutn's current ratio of 2.91 indicates adequate short-term liquidity, earning a score of 56/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
29

While Flexible Solutn generated $5.6M in operating cash flow, capex of $5.0M consumed most of it, leaving $604K in free cash flow. This results in a low score of 29/100, reflecting heavy capital investment rather than weak cash generation.

Returns
29

Flexible Solutn generates a 8.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from 7.9% the prior year.

Altman Z-Score Safe
4.08

Flexible Solutn scores 4.08, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($68.8M) relative to total liabilities ($18.6M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Neutral
6/9

Flexible Solutn passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
1.83x

For every $1 of reported earnings, Flexible Solutn generates $1.83 in operating cash flow ($5.6M OCF vs $3.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$38.2M
YoY-0.2%
5Y CAGR+6.9%
10Y CAGR+9.2%

Flexible Solutn generated $38.2M in revenue in fiscal year 2024. This represents a decrease of 0.2% from the prior year.

EBITDA
$7.5M
YoY+44.0%
5Y CAGR+24.2%
10Y CAGR+18.0%

Flexible Solutn's EBITDA was $7.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 44.0% from the prior year.

Net Income
$3.0M
YoY+9.5%
5Y CAGR+9.7%
10Y CAGR+22.4%

Flexible Solutn reported $3.0M in net income in fiscal year 2024. This represents an increase of 9.5% from the prior year.

EPS (Diluted)
$0.24
YoY+9.1%

Flexible Solutn earned $0.24 per diluted share (EPS) in fiscal year 2024. This represents an increase of 9.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$604K
YoY-46.4%
5Y CAGR+2.3%
10Y CAGR-5.3%

Flexible Solutn generated $604K in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 46.4% from the prior year.

Cash & Debt
$7.6M
YoY+52.1%
5Y CAGR+16.0%
10Y CAGR+26.2%

Flexible Solutn held $7.6M in cash against $6.6M in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
13M
YoY+0.6%
5Y CAGR+0.5%
10Y CAGR-0.5%

Flexible Solutn had 13M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.

Margins & Returns

Gross Margin
34.6%
YoY+7.4pp
5Y CAGR+3.2pp
10Y CAGR+2.3pp

Flexible Solutn's gross margin was 34.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 7.4 percentage points from the prior year.

Operating Margin
14.4%
YoY+5.3pp
5Y CAGR+7.5pp
10Y CAGR+10.3pp

Flexible Solutn's operating margin was 14.4% in fiscal year 2024, reflecting core business profitability. This is up 5.3 percentage points from the prior year.

Net Margin
8.0%
YoY+0.7pp
5Y CAGR+1.0pp
10Y CAGR+5.4pp

Flexible Solutn's net profit margin was 8.0% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.7 percentage points from the prior year.

Return on Equity
8.0%
YoY+0.1pp
5Y CAGR-2.7pp
10Y CAGR+4.4pp

Flexible Solutn's ROE was 8.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending
$330K
YoY+108.5%
5Y CAGR+21.7%
10Y CAGR+9.3%

Flexible Solutn invested $330K in research and development in fiscal year 2024. This represents an increase of 108.5% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$5.0M
YoY-0.5%
5Y CAGR+22.1%
10Y CAGR+70.1%

Flexible Solutn invested $5.0M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 0.5% from the prior year.

FSI Income Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Revenue $10.6M-7.1% $11.4M+52.1% $7.5M-18.5% $9.2M-1.6% $9.3M-11.5% $10.5M+14.1% $9.2M-2.1% $9.4M
Cost of Revenue $8.0M+34.3% $6.0M+8.3% $5.5M-14.9% $6.5M+17.9% $5.5M-16.4% $6.6M+2.9% $6.4M-2.6% $6.6M
Gross Profit $2.5M-53.1% $5.4M+175.9% $2.0M-27.0% $2.7M-29.8% $3.8M-3.4% $3.9M+39.7% $2.8M-0.9% $2.8M
R&D Expenses $256K+52.9% $167K+56.6% $107K-5.5% $113K+306.5% $28K-55.5% $62K-50.7% $127K+86.0% $68K
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income $311K-90.6% $3.3M+4867.6% -$69K-108.0% $865K-54.8% $1.9M-2.9% $2.0M+157.4% $766K-53.8% $1.7M
Interest Expense N/A N/A N/A N/A $133K-15.5% $157K-10.3% $175K+36.2% $129K
Income Tax -$182K-117.9% $1.0M+820.7% $110K+132.6% -$339K-192.2% $368K-34.1% $558K+111.3% $264K+126.2% -$1.0M
Net Income -$503K-124.8% $2.0M+830.5% -$278K-140.9% $680K+11.1% $612K-52.6% $1.3M+182.1% $457K-74.6% $1.8M
EPS (Diluted) $-0.04-126.7% $0.15+850.0% $-0.02 N/A $0.05-50.0% $0.10+150.0% $0.04 N/A

FSI Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Total Assets $58.4M+0.2% $58.2M-5.6% $61.7M+2.9% $60.0M+3.7% $57.8M+2.6% $56.3M-2.1% $57.6M+3.8% $55.5M
Current Assets $32.9M+5.7% $31.1M-13.8% $36.1M+4.4% $34.6M+7.0% $32.3M+11.7% $28.9M-11.1% $32.5M+7.6% $30.2M
Cash & Equivalents $8.5M-1.5% $8.6M-10.7% $9.6M+26.4% $7.6M-28.1% $10.6M+55.2% $6.8M+29.1% $5.3M+5.7% $5.0M
Inventory $9.5M-16.3% $11.3M+1.9% $11.1M+2.2% $10.9M+12.0% $9.7M-5.9% $10.3M-1.2% $10.5M-6.1% $11.1M
Accounts Receivable $9.5M+10.1% $8.6M-28.2% $12.0M+2.4% $11.7M+44.9% $8.1M-8.2% $8.8M-32.3% $13.0M+32.0% $9.8M
Goodwill $2.5M0.0% $2.5M0.0% $2.5M0.0% $2.5M0.0% $2.5M0.0% $2.5M0.0% $2.5M0.0% $2.5M
Total Liabilities $15.4M-1.9% $15.7M-21.4% $19.9M+7.1% $18.6M+6.3% $17.5M+1.3% $17.3M-6.5% $18.5M+7.5% $17.2M
Current Liabilities $11.1M+21.2% $9.2M-31.1% $13.3M+12.0% $11.9M+16.4% $10.2M-6.7% $10.9M-8.3% $11.9M+18.4% $10.1M
Long-Term Debt $4.1M-35.0% $6.4M-2.0% $6.5M-1.7% $6.6M-6.2% $7.1M+15.6% $6.1M-3.5% $6.3M-7.5% $6.8M
Total Equity $39.0M-1.0% $39.4M+2.5% $38.4M+1.0% $38.0M+2.9% $36.9M+2.2% $36.2M+0.5% $36.0M+2.2% $35.2M
Retained Earnings $19.8M-2.5% $20.3M+3.9% $19.6M-1.4% $19.8M+3.5% $19.2M+3.3% $18.5M+0.2% $18.5M+2.5% $18.1M

FSI Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Operating Cash Flow $2.0M-61.8% $5.3M+1070.6% -$544K+75.5% -$2.2M-189.6% $2.5M-58.1% $5.9M+1077.9% -$605K+84.9% -$4.0M
Capital Expenditures $2.0M+102.6% $977K+175.9% $354K-83.0% $2.1M+72.3% $1.2M+2.3% $1.2M+148.0% $478K-28.0% $664K
Free Cash Flow $39K-99.1% $4.3M+579.3% -$898K+79.1% -$4.3M-440.4% $1.3M-73.2% $4.7M+536.7% -$1.1M+76.8% -$4.7M
Investing Cash Flow -$464K+52.5% -$977K-175.9% -$354K+84.8% -$2.3M-309.6% $1.1M+202.3% -$1.1M-618.3% -$151K-629.2% $29K
Financing Cash Flow -$603K+88.9% -$5.4M-417.7% $1.7M+44.2% $1.2M+149.5% $474K+111.9% -$4.0M-395.4% $1.3M-30.1% $1.9M
Dividends Paid $0-100.0% $1.3M N/A $0 $0-100.0% $1.3M N/A $0
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

FSI Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Gross Margin 23.9%-23.5pp 47.4%+21.3pp 26.1%-3.1pp 29.2%-11.7pp 40.9%+3.5pp 37.4%+6.8pp 30.6%+0.4pp 30.2%
Operating Margin 2.9%-26.1pp 29.0%+29.9pp -0.9%-10.4pp 9.4%-11.1pp 20.5%+1.8pp 18.7%+10.4pp 8.3%-9.3pp 17.6%
Net Margin -4.8%-22.6pp 17.8%+21.6pp -3.7%-11.1pp 7.4%+0.8pp 6.6%-5.7pp 12.3%+7.3pp 5.0%-14.1pp 19.1%
Return on Equity -1.3%-6.4pp 5.1%+5.9pp -0.7%-2.5pp 1.8%+0.1pp 1.7%-1.9pp 3.6%+2.3pp 1.3%-3.8pp 5.1%
Return on Assets -0.9%-4.3pp 3.5%+3.9pp -0.4%-1.6pp 1.1%+0.1pp 1.1%-1.2pp 2.3%+1.5pp 0.8%-2.4pp 3.2%
Current Ratio 2.96-0.4 3.40+0.7 2.72-0.2 2.91-0.3 3.17+0.5 2.65-0.1 2.73-0.3 3.01
Debt-to-Equity 0.11-0.1 0.160.0 0.170.0 0.17-0.0 0.19+0.0 0.170.0 0.18-0.0 0.19
FCF Margin 0.4%-37.5pp 37.9%+49.9pp -12.0%+35.0pp -47.0%-60.6pp 13.6%-31.3pp 44.9%+56.7pp -11.7%+37.9pp -49.6%

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Frequently Asked Questions

Flexible Solutn (FSI) reported $38.2M in total revenue for fiscal year 2024. This represents a -0.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Flexible Solutn (FSI) revenue declined by 0.2% year-over-year, from $38.3M to $38.2M in fiscal year 2024.

Yes, Flexible Solutn (FSI) reported a net income of $3.0M in fiscal year 2024, with a net profit margin of 8.0%.

Flexible Solutn (FSI) reported diluted earnings per share of $0.24 for fiscal year 2024. This represents a 9.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Flexible Solutn (FSI) had EBITDA of $7.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2024, Flexible Solutn (FSI) had $7.6M in cash and equivalents against $6.6M in long-term debt.

Flexible Solutn (FSI) had a gross margin of 34.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

Flexible Solutn (FSI) had an operating margin of 14.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Flexible Solutn (FSI) had a net profit margin of 8.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Flexible Solutn (FSI) has a return on equity of 8.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

Flexible Solutn (FSI) generated $604K in free cash flow during fiscal year 2024. This represents a -46.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Flexible Solutn (FSI) generated $5.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Flexible Solutn (FSI) had $60.0M in total assets as of fiscal year 2024, including both current and long-term assets.

Flexible Solutn (FSI) invested $5.0M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

Flexible Solutn (FSI) invested $330K in research and development during fiscal year 2024.

Flexible Solutn (FSI) had 13M shares outstanding as of fiscal year 2024.

Flexible Solutn (FSI) had a current ratio of 2.91 as of fiscal year 2024, which is generally considered healthy.

Flexible Solutn (FSI) had a debt-to-equity ratio of 0.17 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Flexible Solutn (FSI) had a return on assets of 5.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Flexible Solutn (FSI) has an Altman Z-Score of 4.08, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Flexible Solutn (FSI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Flexible Solutn (FSI) has an earnings quality ratio of 1.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Flexible Solutn (FSI) scores 50 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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