FSI ANNOUNCES FULL YEAR, 2025 FINANCIAL RESULTS
Rhea-AI Summary
Flexible Solutions International (NYSE‑AMERICAN: FSI) reported full year 2025 results on April 15, 2026. Revenue was $38,515,058. Net income fell to $786,894 ($0.06 per share) from $3,038,529 ($0.24). 12‑month operating cash flow was $5,541,108 ($0.44 per share).
The company completed an Illinois factory refurbishment to support two new food‑grade contracts and opened an international agriculture/industrial factory in Panama. A conference call is scheduled for April 17, 2026 at 11:00 AM ET.
Positive
- Completed Illinois factory refurbishment to support two new food‑grade contracts
- Opened new international agriculture and industrial factory in Panama
- Positive operating cash flow of $5,541,108 for the 12 months ended December 31, 2025
Negative
- Net income declined ~74% to $786,894 year‑over‑year
- Basic EPS fell from $0.24 to $0.06
- Operating cash flow decreased ~22% from $7,082,952 to $5,541,108
- Recorded a $1,000,000 loss on impaired investment in 2025
Key Figures
Market Reality Check
Peers on Argus
Sector peers show mixed action, with only Aemetis (AMTX) appearing in momentum scans and moving up, while no clear, same-direction move is evident across multiple peers. FSI’s own reaction to this earnings release cannot be inferred from the provided data.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 14 | Q3 2025 earnings | Negative | -12.5% | Q3 loss after prior-year profit despite double-digit revenue growth. |
| Oct 16 | Q3 2025 revenue | Positive | +1.8% | Preliminary Q3 revenue up about 13% year-over-year with growth resuming. |
| Aug 14 | Q2 2025 earnings | Positive | -0.7% | Strong Q2 revenue and net income growth, boosted by R&D services. |
| May 15 | Q1 2025 earnings | Negative | +2.1% | Q1 revenue drop and swing to net loss amid higher costs and CAPEX. |
| Mar 31 | FY 2024 earnings | Positive | +0.6% | Full-year 2024 net income and operating cash flow improved versus 2023. |
Earnings and revenue updates have produced mixed reactions, with an average move of -1.74% and a blend of aligned and divergent responses versus the underlying results.
Over the past year, FSI’s earnings cycle has shown volatile profitability against modest revenue trends. Q1 2025 and Q3 2025 delivered losses despite revenue growth in some quarters, while Q2 2025 and full‑year 2024 were notably stronger, with higher net income and operating cash flow. Today’s full‑year 2025 results, with flat sales and sharply lower net income and cash flow, follow a year of heavy investment in Illinois and Panama and a strategic push into food‑grade and nutrition markets, extending themes seen in prior quarters.
Historical Comparison
Across the last five earnings-related releases, FSI’s average move of -1.74% followed a mix of strong and weak quarters, with profitability often more volatile than revenue.
Earnings updates from Q1–Q3 2025 showed swings from losses to strong Q2 profits as FSI retooled Illinois and ramped Panama. The current full-year 2025 release caps that transition year, with flat sales but sharply reduced net income and operating cash flow versus full-year 2024, while reaffirming the strategic shift toward food-grade and international production.
Regulatory & Risk Context
An effective S-3 shelf filed on 2026-02-24 allows FSI to issue up to $50,000,000 of various securities through future prospectus supplements. The shelf runs until 2029-02-24, and no usage is recorded yet, indicating full capacity remains available.
Market Pulse Summary
This announcement reports full-year 2025 revenue of $38,515,058, essentially flat versus 2024, but with net income falling to $786,894 and non‑GAAP operating cash flow down to $5,541,108. Management highlights major capital work in Illinois and completion of the Panama plant, positioning for food-grade and international growth. Recent earnings history shows mixed reactions around profitability volatility. Investors may focus on how quickly new food and agriculture initiatives translate into higher margins and whether the unused $50,000,000 S-3 shelf is tapped.
Key Terms
non-gaap financial
gaap financial
operating cash flow financial
stock compensation expense financial
non-controlling interest financial
minority interest financial
safe harbor provision regulatory
forward-looking statements regulatory
AI-generated analysis. Not financial advice.
A Conference call is scheduled for 8:00 am April 17, 2026, 11:00am Eastern Time
See dial in number below
TABER, ALBERTA, April 15, 2026 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE-AMERICAN: 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. In addition, FSI is increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces financial results for full year ended December 31, 2025.
Mr. Daniel B. O’Brien, CEO, states, “In 2025 we completely refurbished our Illinois factory to facilitate production of our two new major food grade contracts. We accomplished this while maintaining revenue and remaining profitable.” In addition, we completed our new international agriculture and industrial product factory in Panama which will allow Illinois the space to focus on growth in the food space.” Mr. O’Brien continues, “I can’t compliment the FSI group employees highly enough; to achieve what they have in the last 15 months without needing equity or debt capital and staying profitable is amazing. Congratulations everyone.”
- Sales for the Full Year were
$38,515,058 compared to sales of$38,234,860 in the corresponding period a year ago. - Full Year, 2025 net income was
$786,894 , or$0.06 per share, compared to a net income of$3,038,529 , or$0.24 per share, in Full Year, 2024. - Basic weighted average shares used in computing earnings per share amounts were 12,648,728 and 12,454,957 for full year, 2025 and full year, 2024 respectively.
- 2025 Non-GAAP operating cash flow: The Company shows 12 months operating cash flow of
$5,541,108 , or$0.44 per share. This compares with operating cash flow of$7,082,952 , or$0.57 per share, in the corresponding 12 months of 2024 (see the table that follows 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
Due to business travel obligations a conference call has been scheduled for 11:00 am Eastern Time, 8:00 am Pacific Time, on April 17, 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 ‑ Full Year 2025 Financials may be requested
Note: The above information and following table contain supplemental information regarding income and cash flow from operations for the period ended December 31, 2025. 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 Full Year Ended December 31 (12 Months Operating Cash Flow)
(Unaudited)
| 12 months ended December 31 | ||||
| 2025 | 2024 | |||
| Revenue | $ | 38,515,058 | $ | 38,234,860 |
| Income (loss) before income tax – GAAP | $ | 3,267,378 | $ | 4,952,800 |
| Provision for Income tax(recovery) – net - GAAP | $ | 899,583 | $ | 851,211 |
| Net income (loss) - GAAP | $ | 786,894 | $ | 3,038,529 |
| Net income (loss) per common share – basic. – GAAP | $ | 0.06 | $ | 0.24 |
| 12 month weighted average shares used in computing per share amounts – basic.- GAAP | 12,648,728 | 12,454,957 | ||
| 12 month Operating Cash Flow Ended December 31 | ||||
| Operating Cash Flow (12 months). NON-GAAP | ||||
| Operating Cash Flow per share excluding non-operating items and items not related to current operations (12 months) – basic. -NON-GAAP | ||||
| Non-cash Adjustments (12 month) -GAAP | ||||
| Shares (12 month basic weighted average) used in computing per share amounts – basic -GAAP | 12,648,728 | 12,454,957 | ||
Notes: certain items not related to “operations” of the Company’s net income are listed below.
a) Non-GAAP – Flexible Solutions International owns
b) Non-GAAP – amounts exclude certain cash and non-cash items: Depreciation and Stock compensation expense (2025 =
c) The revenue and gain from the investment (“Income from investments”) in the private Florida LLC announced in January 2019 are not treated as revenue or profit from operations by Flexible Solutions. The profit is treated as investment income and therefore occurs below Operating income in the Statement of Operations. As a result, the gains from all investments (2025 =
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.
