Flexible Solutn Financials
This page shows Flexible Solutn (FSI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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).
Cash generation depends more on reinvestment and working capital than sales growth in this flat-revenue, well-cushioned business.
From FY2023 through FY2025, sales were essentially flat, yet free cash flow moved from$1.1M to-$592K because capital spending stayed heavy and receivables kept rising, so cash became more sensitive to reinvestment and collection timing than to demand. That pressure did not come from a stretched balance sheet: debt-to-equity fell to 0.1x and the current ratio stayed above 3.0x, meaning the business could absorb weaker cash conversion without depending on new borrowing.
Gross margin eased to
Liquidity remains comfortable: cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Flexible Solutn's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Flexible Solutn has an operating margin of 11.9%, meaning the company retains $12 of operating profit per $100 of revenue. This results in a moderate score of 49/100, indicating healthy but not exceptional operating efficiency. This is down from 14.4% the prior year.
Flexible Solutn's revenue grew a modest 0.7% year-over-year to $38.5M. This slow but positive growth earns a score of 34/100.
Flexible Solutn carries a low D/E ratio of 0.10, meaning only $0.10 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Flexible Solutn's current ratio of 3.06 indicates adequate short-term liquidity, earning a score of 59/100. The company can meet its near-term obligations, though with limited headroom.
While Flexible Solutn generated $3.8M in operating cash flow, capex of $4.4M consumed most of it, leaving -$592K in free cash flow. This results in a low score of 26/100, reflecting heavy capital investment rather than weak cash generation.
Flexible Solutn generates a 2.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 22/100. This is down from 8.0% the prior year.
Flexible Solutn scores 4.32, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($81.6M) relative to total liabilities ($19.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Flexible Solutn passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Flexible Solutn generates $4.81 in operating cash flow ($3.8M OCF vs $787K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Flexible Solutn generated $38.5M in revenue in fiscal year 2025. This represents an increase of 0.7% from the prior year.
Flexible Solutn's EBITDA was $6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 12.1% from the prior year.
Flexible Solutn reported $787K in net income in fiscal year 2025. This represents a decrease of 74.1% from the prior year.
Flexible Solutn earned $0.06 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 75.0% from the prior year.
Cash & Balance Sheet
Flexible Solutn generated -$592K in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 198.0% from the prior year.
Flexible Solutn held $6.6M in cash against $4.0M in long-term debt as of fiscal year 2025.
Flexible Solutn had 13M shares outstanding in fiscal year 2025. This represents an increase of 1.7% from the prior year.
Margins & Returns
Flexible Solutn's gross margin was 32.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.1 percentage points from the prior year.
Flexible Solutn's operating margin was 11.9% in fiscal year 2025, reflecting core business profitability. This is down 2.5 percentage points from the prior year.
Flexible Solutn's net profit margin was 2.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.9 percentage points from the prior year.
Flexible Solutn's ROE was 2.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 6.0 percentage points from the prior year.
Capital Allocation
Flexible Solutn invested $615K in research and development in fiscal year 2025. This represents an increase of 86.5% from the prior year.
Flexible Solutn invested $4.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 11.9% from the prior year.
FSI Income Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.3M-9.0% | $9.1M-13.6% | $10.6M-7.1% | $11.4M+52.1% | $7.5M-18.5% | $9.2M-1.6% | $9.3M-11.5% | $10.5M |
| Cost of Revenue | $6.4M-0.5% | $6.4M-19.8% | $8.0M+34.3% | $6.0M+8.3% | $5.5M-14.9% | $6.5M+17.9% | $5.5M-16.4% | $6.6M |
| Gross Profit | $1.9M-29.5% | $2.7M+6.1% | $2.5M-53.1% | $5.4M+175.9% | $2.0M-27.0% | $2.7M-29.8% | $3.8M-3.4% | $3.9M |
| R&D Expenses | $117K+36.2% | $86K-66.5% | $256K+52.9% | $167K+56.6% | $107K-5.5% | $113K+306.5% | $28K-55.5% | $62K |
| SG&A Expenses | $762K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$86K-108.1% | $1.1M+241.1% | $311K-90.6% | $3.3M+4867.6% | -$69K-108.0% | $865K-54.8% | $1.9M-2.9% | $2.0M |
| Interest Expense | $134K | N/A | N/A | N/A | N/A | N/A | $133K-15.5% | $157K |
| Income Tax | N/A | -$45K+75.1% | -$182K-117.9% | $1.0M+820.7% | $110K+132.6% | -$339K-192.2% | $368K-34.1% | $558K |
| Net Income | -$241K+47.6% | -$461K+8.4% | -$503K-124.8% | $2.0M+830.5% | -$278K-140.9% | $680K+11.1% | $612K-52.6% | $1.3M |
| EPS (Diluted) | $-0.02 | N/A | $-0.04-126.7% | $0.15+850.0% | $-0.02 | N/A | $0.05-50.0% | $0.10 |
FSI Balance Sheet
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | N/A | $61.8M+6.0% | $58.4M+0.2% | $58.2M-5.6% | $61.7M+2.9% | $60.0M+3.7% | $57.8M+2.6% | $56.3M |
| Current Assets | N/A | $32.9M+0.2% | $32.9M+5.7% | $31.1M-13.8% | $36.1M+4.4% | $34.6M+7.0% | $32.3M+11.7% | $28.9M |
| Cash & Equivalents | N/A | $6.6M-21.9% | $8.5M-1.5% | $8.6M-10.7% | $9.6M+26.4% | $7.6M-28.1% | $10.6M+55.2% | $6.8M |
| Inventory | N/A | $10.5M+11.1% | $9.5M-16.3% | $11.3M+1.9% | $11.1M+2.2% | $10.9M+12.0% | $9.7M-5.9% | $10.3M |
| Accounts Receivable | N/A | $12.6M+33.3% | $9.5M+10.1% | $8.6M-28.2% | $12.0M+2.4% | $11.7M+44.9% | $8.1M-8.2% | $8.8M |
| Goodwill | N/A | $2.5M0.0% | $2.5M0.0% | $2.5M0.0% | $2.5M0.0% | $2.5M0.0% | $2.5M0.0% | $2.5M |
| Total Liabilities | N/A | $19.0M+23.7% | $15.4M-1.9% | $15.7M-21.4% | $19.9M+7.1% | $18.6M+6.3% | $17.5M+1.3% | $17.3M |
| Current Liabilities | N/A | $10.8M-3.1% | $11.1M+21.2% | $9.2M-31.1% | $13.3M+12.0% | $11.9M+16.4% | $10.2M-6.7% | $10.9M |
| Long-Term Debt | N/A | $4.0M-2.5% | $4.1M-35.0% | $6.4M-2.0% | $6.5M-1.7% | $6.6M-6.2% | $7.1M+15.6% | $6.1M |
| Total Equity | N/A | $38.9M-0.1% | $39.0M-1.0% | $39.4M+2.5% | $38.4M+1.0% | $38.0M+2.9% | $36.9M+2.2% | $36.2M |
| Retained Earnings | N/A | $19.3M-2.3% | $19.8M-2.5% | $20.3M+3.9% | $19.6M-1.4% | $19.8M+3.5% | $19.2M+3.3% | $18.5M |
FSI Cash Flow Statement
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$1.8M+38.9% | -$3.0M-247.4% | $2.0M-61.8% | $5.3M+1070.6% | -$544K+75.5% | -$2.2M-189.6% | $2.5M-58.1% | $5.9M |
| Capital Expenditures | $2.2M+110.0% | $1.1M-46.3% | $2.0M+102.6% | $977K+175.9% | $354K-83.0% | $2.1M+72.3% | $1.2M+2.3% | $1.2M |
| Free Cash Flow | -$4.1M-0.3% | -$4.0M-10341.5% | $39K-99.1% | $4.3M+579.3% | -$898K+79.1% | -$4.3M-440.4% | $1.3M-73.2% | $4.7M |
| Investing Cash Flow | -$1.5M-155.9% | $2.7M+678.5% | -$464K+52.5% | -$977K-175.9% | -$354K+82.6% | -$2.0M-283.5% | $1.1M+202.3% | -$1.1M |
| Financing Cash Flow | $2.6M+260.1% | -$1.6M-169.4% | -$603K+88.9% | -$5.4M-417.7% | $1.7M+44.2% | $1.2M+149.5% | $474K+111.9% | -$4.0M |
| Dividends Paid | N/A | $0 | $0-100.0% | $1.3M | N/A | $0 | $0-100.0% | $1.3M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FSI Financial Ratios
| Metric | Q2'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 22.8%-6.6pp | 29.4%+5.5pp | 23.9%-23.5pp | 47.4%+21.3pp | 26.1%-3.1pp | 29.2%-11.7pp | 40.9%+3.5pp | 37.4% |
| Operating Margin | -1.0%-12.7pp | 11.7%+8.7pp | 2.9%-26.1pp | 29.0%+29.9pp | -0.9%-10.4pp | 9.4%-11.1pp | 20.5%+1.8pp | 18.7% |
| Net Margin | -2.9%+2.1pp | -5.1%-0.3pp | -4.8%-22.6pp | 17.8%+21.6pp | -3.7%-11.1pp | 7.4%+0.8pp | 6.6%-5.7pp | 12.3% |
| Return on Equity | N/A | -1.2%+0.1pp | -1.3%-6.4pp | 5.1%+5.9pp | -0.7%-2.5pp | 1.8%+0.1pp | 1.7%-1.9pp | 3.6% |
| Return on Assets | N/A | -0.8%+0.1pp | -0.9%-4.3pp | 3.5%+3.9pp | -0.4%-1.6pp | 1.1%+0.1pp | 1.1%-1.2pp | 2.3% |
| Current Ratio | N/A | 3.06+0.1 | 2.96-0.4 | 3.40+0.7 | 2.72-0.2 | 2.91-0.3 | 3.17+0.5 | 2.65 |
| Debt-to-Equity | N/A | 0.100.0 | 0.11-0.1 | 0.160.0 | 0.170.0 | 0.17-0.0 | 0.19+0.0 | 0.17 |
| FCF Margin | -48.8%-4.5pp | -44.3%-44.7pp | 0.4%-37.5pp | 37.9%+49.9pp | -12.0%+35.0pp | -47.0%-60.6pp | 13.6%-31.3pp | 44.9% |
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Frequently Asked Questions
What is Flexible Solutn's annual revenue?
Flexible Solutn (FSI) reported $38.5M in total revenue for fiscal year 2025. This represents a 0.7% 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.
How fast is Flexible Solutn's revenue growing?
Flexible Solutn (FSI) revenue grew by 0.7% year-over-year, from $38.2M to $38.5M in fiscal year 2025.
Is Flexible Solutn profitable?
Yes, Flexible Solutn (FSI) reported a net income of $787K in fiscal year 2025, with a net profit margin of 2.0%.
What is Flexible Solutn's EBITDA?
Flexible Solutn (FSI) had EBITDA of $6.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Flexible Solutn have?
As of fiscal year 2025, Flexible Solutn (FSI) had $6.6M in cash and equivalents against $4.0M in long-term debt.
What is Flexible Solutn's gross margin?
Flexible Solutn (FSI) had a gross margin of 32.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Flexible Solutn's operating margin?
Flexible Solutn (FSI) had an operating margin of 11.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Flexible Solutn's net profit margin?
Flexible Solutn (FSI) had a net profit margin of 2.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Flexible Solutn's return on equity (ROE)?
Flexible Solutn (FSI) has a return on equity of 2.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Flexible Solutn's free cash flow?
Flexible Solutn (FSI) generated -$592K in free cash flow during fiscal year 2025. This represents a -198.0% 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.
What is Flexible Solutn's operating cash flow?
Flexible Solutn (FSI) generated $3.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Flexible Solutn's total assets?
Flexible Solutn (FSI) had $61.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Flexible Solutn's capital expenditures?
Flexible Solutn (FSI) invested $4.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Flexible Solutn spend on research and development?
Flexible Solutn (FSI) invested $615K in research and development during fiscal year 2025.
What is Flexible Solutn's current ratio?
Flexible Solutn (FSI) had a current ratio of 3.06 as of fiscal year 2025, which is generally considered healthy.
What is Flexible Solutn's debt-to-equity ratio?
Flexible Solutn (FSI) had a debt-to-equity ratio of 0.10 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Flexible Solutn's return on assets (ROA)?
Flexible Solutn (FSI) had a return on assets of 1.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Flexible Solutn's Altman Z-Score?
Flexible Solutn (FSI) has an Altman Z-Score of 4.32, 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.
What is Flexible Solutn's Piotroski F-Score?
Flexible Solutn (FSI) has a Piotroski F-Score of 5 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Flexible Solutn's earnings high quality?
Flexible Solutn (FSI) has an earnings quality ratio of 4.81x, 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.
How financially healthy is Flexible Solutn?
Flexible Solutn (FSI) scores 48 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.