FSI ANNOUNCES FIRST QUARTER, 2026 FINANCIAL RESULTS
Rhea-AI Summary
Flexible Solutions (NYSE:FSI) reported Q1 2026 revenue of $8.3 million, up about 11% from $7.47 million in Q1 2025. Net loss was $241,420, or $0.02 per share, versus a $277,734 loss a year earlier.
Non-GAAP operating cash flow was $575,240, or $0.05 per share, compared with $480,268, or $0.04 per share, in Q1 2025. Management notes ongoing expansion costs tied to 2025 contracts and a new Panama factory, with expected revenue impact in Q2 2026.
AI-generated analysis. Not financial advice.
Positive
- Q1 2026 revenue rose about 11% to $8,296,997 year over year
- Net loss improved to $241,420 from $277,734 in Q1 2025
- Non-GAAP operating cash flow increased to $575,240 from $480,268
- Operating cash flow per share grew to $0.05 from $0.04
- NanoChem and ENP remain primary revenue and cash flow contributors
Negative
- Company reported a Q1 2026 net loss of $241,420
- Interest expense remained significant at $134,069 in Q1 2026
- Gains and losses on investments totaled a $54,088 loss in Q1 2026
- Company is still carrying significant expansion costs impacting profitability
News Market Reaction – FSI
On the day this news was published, FSI declined 3.94%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
FSI ticked down 0.31% pre-release while peers were mixed: AMTX up 1.1%, ALTO, FF, LOOP and TSE down between 1.8% and 7.6%, indicating stock-specific rather than broad sector action.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 15 | Full-year 2025 earnings | Negative | +5.9% | 2025 revenue flat while net income and cash flow declined on higher costs. |
| Nov 14 | Q3 2025 results | Negative | -12.5% | Q3 loss after prior-year profit, driven by higher costs and expansion spend. |
| Oct 16 | Q3 2025 revenue | Positive | +1.8% | Q3 2025 revenue grew about 13% year over year despite tough conditions. |
| Aug 14 | Q2 2025 results | Positive | -0.7% | Q2 2025 revenue and net income rose strongly; cash flow improved as well. |
| May 15 | Q1 2025 results | Negative | +2.1% | Q1 2025 revenue fell 19% and swung from profit to loss versus 2024. |
Recent earnings-related releases show mixed price reactions, with both strong gains and sharp selloffs, and a slight negative average move despite several fundamentally positive updates.
Over the last year, FSI’s earnings news has tracked a transition phase. Q1 2025 results showed revenue contraction and a swing to loss, followed by a strong Q2 2025 rebound in revenue and net income. Q3 2025 brought revenue growth but another quarterly loss tied to ramp-up costs in Illinois and Panama. Full-year 2025 results highlighted flat sales, lower profitability and solid non-GAAP cash flow. Today’s Q1 2026 release continues that theme of growth investments weighing on near-term earnings while cash generation remains a focus.
Historical Comparison
Across the last 5 earnings releases, FSI’s average move was -0.68%, suggesting typically modest, mixed reactions to similar financial updates.
Earnings releases trace a shift from Q1 2025 weakness to Q2 strength, then Q3 losses tied to expansion, and full-year 2025 results emphasizing investment for future food-grade and Panama-driven growth.
Regulatory & Risk Context
An effective S-3 shelf filed on 2026-02-24 allows FSI to offer up to $50,000,000 of various securities via future prospectus supplements, providing flexibility to raise capital but also potential dilution if utilized.
Market Pulse Summary
This announcement reports Q1 2026 revenue of $8,296,997, up from $7,473,692, alongside a recurring GAAP net loss of ($241,420) or ($0.02) per share. Non-GAAP operating cash flow improved to $575,240, reflecting underlying cash generation as FSI carries expansion costs for new contracts and its Panama factory. Compared with prior quarters, the update continues a theme of growth investments tempering earnings. Investors may watch future quarters for margin trends, cash flow sustainability, and any use of the $50,000,000 shelf registration.
Key Terms
non-gaap financial
operating cash flow financial
stock compensation expense financial
investment income financial
safe harbor regulatory
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
A CONFERENCE CALL IS SCHEDULED FOR MONDAY, MAY 18, 2026 11:00AM EASTERN TIME
SEE DIAL IN NUMBER BELOW
TABER, ALBERTA, May 15, 2026 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible Solutions also manufactures biodegradable and environmentally safe water and energy conservation technologies. FSI is also increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces financial results for first quarter ended March 31, 2026.
Mr. Daniel B. O’Brien, CEO, states, “The quarter was better than the year earlier – even while still carrying significant expansion costs to earn the large new contracts from 2025 and the new factory in Panama.” Mr. O’Brien continues, “The production line for the January 2025 contract is running and output is increasing steadily. We expect new revenue to be evident in our Q2 results.”
- Sales for the first quarter (Q1) were
$8,296,997 up approximately11% when compared to sales of$7,473,692 in the corresponding period a year ago. - Q1, 2026 net loss was (
$241,420) , or ($0.02) compared to a net loss of ($277,734) , or ($0.02) per share, in Q1, 2025. - Basic weighted average shares used in computing earnings per share amounts were 12,735,609 and 12,587,476 for Q1, 2026 and Q1, 2025 respectively.
- Q1, 2026 Non-GAAP operating cash flow: The Company shows 3 months operating cash flow of
$575,240 , or$0.05 per share. This compares with operating cash flow of$480,268 , or$0.04 per share, in the corresponding 3 months of 2025 (see the table and notes that follow for details of these calculations).
The NanoChem division and ENP subsidiary continue to be the dominant sources of revenue and cash flow for the Company. New opportunities continue to unfold in detergent, water treatment, oil field extraction, turf, ornamental and agricultural use to further increase sales in these divisions. More recently, opportunities in the food and nutrition supplement manufacturing markets have emerged.
CONFERENCE CALL
A conference call has been scheduled for 11:00 am Eastern Time, 8:00 am Pacific Time, on Monday May 18th, 2026. CEO, Dan O’Brien will be presenting and answering questions on the conference call. To participate in this call please dial 1-888-999-5318 (or 1-848-280-6460) just prior to the scheduled call time. To join the call participants will be requested to give their name and company affiliation. The conference ID: SOLUTIONS and/or call title Flexible Solutions International – First Quarter, 2026 Financials may be requested
The above information and following table contain supplemental information regarding income and cash flow from operations for the period ended March 31, 2026. Adjustments to exclude depreciation, stock option expenses and one time charges are given. This financial information is a Non-GAAP financial measure as defined by SEC regulation G. The GAAP financial measure most directly comparable is net income.
The reconciliation of each Non-GAAP financial measure is as follows:
FLEXIBLE SOLUTIONS INTERNATIONAL, INC.
CONSOLIDATED STATEMENT OF OPERATIONS
FOR THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(THREE MONTHS OPERATING CASH FLOW - UNAUDITED)
| THREE MONTHS ENDED MARCH 31 | ||||||||
| 2026 | 2025 | |||||||
| Revenue | $ | 8,296,997 | $ | 7,473,692 | ||||
| Income (loss) before income tax – GAAP | $ | (236,676 | ) | $ | (153,678 | ) | ||
| Provision for Income tax – net - GAAP | $ | (46,681 | ) | $ | (110,363 | ) | ||
| Net income (loss) - GAAP | $ | (241,420 | ) | $ | (277,734 | ) | ||
| Net income (loss) per common share – basic. – GAAP | $ | (0.02 | ) | $ | (0.02 | ) | ||
| 3 month weighted average shares used in computing per share amounts – basic.- GAAP | 12,735,609 | 12,587,476 | ||||||
| 3 month Operating Cash Flow Ended March 31 | ||||||||
| Operating Cash Flow (3 months). NON-GAAP | $ | 575,240 a,b,c | $ | 480,268 a,b,c | ||||
| Operating Cash Flow per share excluding non-operating items and items not related to current operations (3 months) – basic. -NON-GAAP | $ | 0.05 a,b,c | $ | 0.04 a,b,c | ||||
| Non-cash Adjustments (3 month) -GAAP | $ | 619,268 d | $ | 563,118 d | ||||
| Shares (3 month basic weighted average) used in computing per share amounts – basic -GAAP | 12,735,609 | 12,587,476 | ||||||
Notes: certain items not related to “operations” of the Company’s net income are listed below.
a) Non-GAAP – Flexible Solutions International purchased
b) Non-GAAP – amounts exclude certain cash and non-cash items: Depreciation and Stock compensation expense (2026 =
c) The revenue and gain from the
d) Non-GAAP – amounts represent depreciation and stock compensation expense.
SAFE HARBOR PROVISION
The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Flexible Solutions International
6001 54th Ave, Taber, Alberta, CANADA T1G 1X4
Company Contacts
Jason Bloom
Toll Free: 800 661 3560
Fax: 403 223 2905
E-mail: info@flexiblesolutions.com
If you have received this news release by mistake or if you would like to be removed from our update list please reply to: info@flexiblesolutions.com
To find out more information about Flexible Solutions and our products, please visit www.flexiblesolutions.com.
