For the quarter ending 2025-09-30, FSI made $10,556,291 in revenue. -$503,358 in net income. Net profit margin of -4.77%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total sales | 10,556,291 | 11,367,132 | 7,473,692 | 9,195,592 |
| Cost of sales | 8,032,516 | 5,981,866 | 5,522,128 | 6,448,598 |
| Gross profit | 2,523,775 | 5,385,266 | 1,951,564 | 2,746,994 |
| Advertising and promotion | 73,358 | 75,647 | 91,030 | 51,057 |
| Commissions | 1,339 | 19,101 | 860 | 5,335.667 |
| Consulting | 47,893 | 41,127 | 100,950 | 124,634.5 |
| Administrative salaries and benefits | - | - | 295,118 | 330,402.5 |
| Currency exchange | 37,342 | -34,951 | 550 | 42,552 |
| Insurance | 256,358 | 247,632 | 252,197 | 13,284.333 |
| Investor relations and transfer agent fee | 64,683 | 40,326 | 42,719 | 56,850.5 |
| Lease expense and rent | 34,583 | 31,108 | 22,160 | 23,438 |
| Office and miscellaneous | 349,736 | 232,836 | 142,119 | 170,058 |
| Professional fees | 120,316 | 150,843 | 161,683 | 61,644.5 |
| Research and development | 255,657 | 167,247 | 106,801 | 119,836 |
| Shipping | 6,165 | 11,193 | 9,996 | 8,604 |
| Telecommunications | 18,026 | 23,068 | 11,765 | 12,843.5 |
| Travel | 50,290 | 30,820 | 48,757 | 50,892 |
| Utilities | 60,692 | 87,463 | 134,997 | 75,318 |
| Wages, administrative salaries and benefits | 910,718 | 894,790 | 600,119 | 656,659.5 |
| Total operating expenses | 2,212,472 | 2,088,152 | 2,020,721 | 1,718,306 |
| Operating income | 311,303 | 3,297,114 | -69,157 | 891,728 |
| Loss on sale of investment (note 9) | - | - | - | 10,682.333 |
| Gain on investment | -31,181 | 21,735 | 63,925 | 48,928 |
| Interest expense | 136,465 | 184,126 | 198,019 | 63,483.667 |
| Loss on lease termination | - | - | - | 10,337.5 |
| Interest income | 61,292 | 26,667 | 49,573 | 51,724.5 |
| Total non-operating income (expense) | -106,354 | -135,724 | -84,521 | -140,651.5 |
| Income before income tax | 204,949 | 3,161,390 | -153,678 | 751,076.5 |
| Deferred income tax (expense) benefit | - | - | - | 36,691.75 |
| Current income tax expense | - | - | - | 426,241.25 |
| Income tax benefit (expense) | -181,739 | 1,016,156 | 110,363 | - |
| Net income | 386,688 | 2,145,234 | -264,041 | 788,404 |
| Net income attributable to non-controlling interests | 890,046 | 116,322 | 13,693 | 219,966.5 |
| Net income attributable to flexible solutions international inc | -503,358 | 2,028,912 | -277,734 | 568,437.5 |
| Net income per share (basic) | -0.04 | 0.16 | -0.02 | 0.045 |
| Net income per share (diluted) | -0.04 | 0.15 | -0.02 | 0.045 |
| Weighted average number of common shares (basic) | 12,660,923 | 12,647,532 | 12,587,476 | -6,223,053.5 |
| Weighted average number of common shares (diluted) | 12,660,923 | 13,267,333 | 12,587,476 | -6,250,928 |
FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)
FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)