Every 10-Q that Flexible Solutions International, Inc. (FSI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FSI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FSI filings page.
Flexible Solutions International Inc. reported sharply weaker results for the quarter and six months ended June 30, 2026. Quarterly sales were $7.6 million versus $11.4 million a year earlier, and the company posted a net loss attributable to shareholders of $1.9 million, compared with net income of $2.0 million. For the first half, sales were $15.9 million versus $18.8 million, with a net loss of $2.2 million versus prior-year profit of $1.8 million.
Gross profit turned negative in the quarter and fell to $1.6 million for six months, pressured by higher labor, training, utilities and start‑up costs at the Panama facility and the ramp‑up of a new lower‑margin food‑grade product, partially offset by strong growth in the FGPI segment. Three primary customers represented 54–55% of sales for the quarter and year‑to‑date.
Despite losses, operating cash flow remained positive at $3.5 million in the first half, funding $3.0 million of capital expenditures, mainly for Panama and food‑grade capacity. Cash was $7.2 million with working capital of $18.7 million, and total assets were $59.0 million. Management obtained a perpetual, exclusive, royalty‑free license in Latin America and the Caribbean by surrendering its 19.9% stake in a Florida‑based LLC and forgiving related receivables, recording a $1.86 million intangible asset. Disclosure controls and internal control over financial reporting were assessed as ineffective, with remediation in progress.
Flexible Solutions International Inc. reported higher sales but a small loss for the quarter ended March 31, 2026. Revenue rose to $8.30 million from $7.47 million, driven mainly by growth in its biodegradable polymer (TPA/BCPA) products and energy and water conservation products.
Gross profit was $1.89 million, roughly flat versus the prior year, as higher volumes were offset by increased costs from scaling new products, a new manufacturing location and a shift toward lower‑margin products. The company recorded a net loss attributable to Flexible Solutions of $241,420, similar to the prior‑year loss of $277,734, with basic and diluted loss per share steady at $(0.02).
Cash decreased to $5.82 million as operating activities used $1.82 million and capital expenditures reached $2.23 million, largely funded by higher short‑term borrowings. Total assets were $63.9 million and working capital was $20.88 million. Three primary customers represented 56% of sales and 68% of accounts receivable.
Management states that liquidity is sufficient for the coming year and does not anticipate significant capital requirements. However, disclosure controls and procedures were deemed ineffective, with a previously identified material weakness in internal control over financial reporting under remediation, expected to be fully addressed by the fourth quarter of 2026.
Flexible Solutions International (FSI) reported mixed Q3 results. Sales were $10.56M, up from $9.31M a year ago, driven by higher BPCA product sales. Gross profit fell to $2.52M as cost of sales rose, and operating income declined to $0.31M from $1.91M. After tax and non‑operating items, net income was $0.39M, but the amount attributable to FSI was a loss of $0.50M (EPS -$0.04) versus EPS $0.05 last year. Three customers accounted for 65% of Q3 product sales.
Year‑to‑date, total sales were $29.40M (vs. $29.07M), including $2.50M of research and development services. Operating income was $3.54M (vs. $4.65M), and net income attributable to FSI was $1.25M (diluted EPS $0.09 vs. $0.19). Cash ended at $8.48M with strong operating cash flow of $6.76M, while long‑term debt decreased to $7.08M and working capital was $21.78M. In October, the company sold a building for $3.75M and repaid a $2.18M mortgage. A $0.10 special dividend was paid in May ($1.27M total).