FSI on NYSE

FLEXIBLE SOLUTIONS INTERNATIONAL INC

FLEXIBLE SOLUTIONS INTERNATIONAL INC is an American miscellaneous chemical products company, incorporated in Nevada.1 It is headquartered in Victoria B C, Canada.1 Its shares trade on NYSE under the symbol FSI.1

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Last updated Oct 21, 2026.

Overview

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  • TickerFSI on NYSE1
  • IndustryMiscellaneous Chemical Products1
  • HeadquartersVictoria B C, Canada1
  • Incorporated inNV2
  • Business address2614 Queenswood Dr, Victoria B C, A1 V8N 1X52
  • Filer categoryNon-accelerated filer, Smaller reporting company2

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

32.6%Gross margin4
11.9%Operating margin4
2.0%Net margin4
0.7%Revenue growth, 20254
2.0%Return on equity4
0.10×Debt to equity4
-$591.7KFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Product brought in 93% of the revenue FLEXIBLE SOLUTIONS INTERNATIONAL INC broke down this way in fiscal 2025.

  1. Product$36.0M493%down 6% from 2024
  2. Research And Development Services$2.5M46%
  3. Shipping and Handling$402.6K41%down 15% from 2024
Products and services by year
Products and services20242025
Product$38.2M$36.0M
Research And Development Services$2.5M
Shipping and Handling$473.8K$402.6K

Regions

United States and Abroad brought in 98% of the revenue FLEXIBLE SOLUTIONS INTERNATIONAL INC broke down this way in fiscal 2025.

  1. United States and Abroad$37.7M498%down 0% from 2024
  2. Canada$820.9K42%up 105% from 2024
Regions by year
Regions20242025
United States and Abroad$37.8M$37.7M
Canada$400.7K$820.9K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue67¢$26.0M
  • Research and development2¢$615.3K
  • Selling, general and admin9¢$3.6M
  • Other costs17¢$6.6M
  • Income tax2¢$899.6K
  • Profit2¢$786.9K

Out of $38.5M in revenue.4

Where each dollar of operating cash went, fiscal 2025

  • Capital spending77¢$4.4M
  • Dividends paid23¢$1.3M

Out of $3.8M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.4

Financial statements

Revenue567894$38.5M in 2025+40% since 2019
0$20.0M$40.0M$60.0M2019: $27.4M$27.4M20192020: $31.4M$31.4M2020+14%2021: $34.4M$34.4M2021+10%2022: $45.8M$45.8M2022+33%2023: $38.3M$38.3M2023−16%2024: $38.2M$38.2M2024−0%2025: $38.5M$38.5M2025+1%
Gross profit567894$12.5M in 2025+45% since 2019
0$5.0M$10.0M$15.0M2019: $8.6M$8.6M20192020: $9.8M$9.8M2020+13%2021: $11.4M$11.4M2021+17%2022: $13.9M$13.9M2022+22%2023: $10.4M$10.4M2023−25%2024: $13.2M$13.2M2024+27%2025: $12.5M$12.5M2025−5%
Operating income567894$4.6M in 2025+141% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $1.9M$1.9M20192020: $4.1M$4.1M2020+116%2021: $5.5M$5.5M2021+33%2022: $7.1M$7.1M2022+29%2023: $3.5M$3.5M2023−50%2024: $5.5M$5.5M2024+57%2025: $4.6M$4.6M2025−17%
Net income567894$786.9K in 2025−59% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $1.9M$1.9M20192020: $3.0M$3.0M2020+56%2021: $3.4M$3.4M2021+16%2022: $7.0M$7.0M2022+104%2023: $2.8M$2.8M2023−60%2024: $3.0M$3.0M2024+9%2025: $786.9K$786.9K2025−74%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total Sales$38.5M$38.2M
Cost of sales$26.0M$25.0M
Gross profit$12.5M$13.2M
Gain on sale of property (Note 6)-$1.2M
Loss on write-down of property held for sale (Note 6)$183.4K
Professional fees$866.5K$798.4K
Research and development$615.3K$330.0K
Selling, general, and administrative$3.6M$2.9M
Wages, administrative salaries and benefits$3.8M$3.7M
Total operating expenses$7.9M$7.7M
Operating income$4.6M$5.5M
Income from investments (Note 9)$129.9K$245.6K
Impairment of investment-$1.0M
Loss on sale of investment (Note 9)-$353.1K
Loss on lease termination-$41.4K
Interest expense-$613.9K-$610.3K
Interest income$150.2K$196.5K
Total non-operating expense-$1.3M-$562.6K
Income before income tax$3.3M$5.0M
Deferred income tax expense-$155.4K-$146.8K
Current income tax expense-$744.2K-$704.4K
Net income attributable to non-controlling interests-$1.6M-$1.1M
Net income attributable to controlling interest$786.9K$3.0M
Income per share (basic) (Note 13)$0.06$0.24
Income per share (diluted) (Note 13)$0.06$0.24
Weighted average number of common shares (basic)12.6M shares12.5M shares
Weighted average number of common shares (diluted)13.6M shares12.7M shares
Net income$2.4M$4.1M
Unrealized gain on foreign currency translations$259.1K$188.2K
Total comprehensive income$2.6M$4.3M
Comprehensive income non-controlling interest-$1.6M-$1.1M
Comprehensive income attributable to controlling interest$1.0M$3.2M

Compare FLEXIBLE SOLUTIONS INTERNATIONAL INC with another company

Corporate structure

FLEXIBLE SOLUTIONS INTERNATIONAL INC sits at the top of its group. 12 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FLEXIBLE SOLUTIONS INTERNATIONAL INC

  • Brien Daniel B. O. Filed SCHEDULE 13D/A on FLEXIBLE SOLUTIONS INTERNATIONAL INC, latest Feb 11, 2026 (22 filings since May 12, 2022)
  • COMPREHENSIVE FINANCIAL PLANNING INC Filed SCHEDULE 13G/A on FLEXIBLE SOLUTIONS INTERNATIONAL INC, latest Jan 24, 2025 (4 filings since Jan 31, 2022)
  • LYGOS, INC. Filed SC 13D on FLEXIBLE SOLUTIONS INTERNATIONAL INC, latest Apr 27, 2022
  • FLEXIBLE SOLUTIONS INTERNATIONAL INC Victoria B C, Canada
    • 317 Mendota LLC Subsidiary · Illinois, United States
    • ENP Investments LLC Subsidiary · Indiana, United States
    • ENP Mendota Subsidiary · Illinois, United States
    • ENP Peru Investments LLC Subsidiary · Indiana, United States
    • Flexible Fermentation Ltd. Subsidiary · Alberta, Canada
    • Flexible Solutions Ltd. Subsidiary · Alberta, Canada
    • InnFlex Holdings Inc. Subsidiary · Colorado, United States
    • NanoChem Solutions, Inc. Subsidiary · Nevada, United States
    • Natural Chem SECZ Ltd. Subsidiary · Cayman Islands
    • NCS Deferred Corp. Subsidiary · Illinois, United States
    • PanaChem Solutions, Inc. Subsidiary · Panama

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FLEXIBLE SOLUTIONS INTERNATIONAL INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$29.4M4 Dec 31, 2025$29.0M4 Dec 31, 2024+1.6%
Accumulated depreciation$13.3M4 Dec 31, 2025$11.8M4 Dec 31, 2024+12.5%
Property and equipment, net$16.1M4 Dec 31, 2025$17.1M4 Dec 31, 2024−5.9%
Operating-lease assets (leased space)$3.8M4 Dec 31, 2025$115.3K9 Dec 31, 2023+3187.9%

Real estate and locations

ItemLatestA year beforeChange
Area of land14,000 sq ft4 Dec 31, 20253 sq ft7 Mar 31, 2021+424142.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.6M9 Dec 31, 2024$5.0M9 Dec 31, 2023+52.1%
Marketable securities, current$2.4M9 Dec 31, 2024$2.7M9 Dec 31, 2023−10.8%
Stakes in other companies (equity method)$2.1M4 Dec 31, 2025$3.4M4 Dec 31, 2024−40.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$2.5M4 Dec 31, 2025$2.5M4 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$2.0M4 Dec 31, 2025$2.1M4 Dec 31, 2024−7.5%
Indefinite-lived intangibles (excluding goodwill)$770.0K4 Dec 31, 2025$770.0K4 Dec 31, 20240%
Accumulated amortization$1.2M4 Dec 31, 2025$1.0M4 Dec 31, 2024+16.0%
Finite-lived intangibles, net$1.2M4 Dec 31, 2025$1.4M4 Dec 31, 2024−11.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$10.5M4 Dec 31, 2025$10.9M4 Dec 31, 2024−3.2%
Work in process$231.4K4 Dec 31, 2025$152.6K6 Dec 31, 2020+51.6%
Finished goods$2.1M4 Dec 31, 2025$3.1M4 Dec 31, 2024−31.7%

Properties, in its own words

We own a 61,200 sq. ft. facility and a 56,780 sq. ft. facility in Peru, Illinois along with a 14,000 sq. ft facility in Mendota, Illinois which was used to manufacture our TPA line of products. In 2017, we purchased a 3,000 sq ft building on 1 acre of land in Taber, Alberta. In 2023, the Company purchased an 80% share in 317 Mendota, a real estate company that was established to purchase a manufacturing building in Mendota, IL. The building sold in October 2025 but ENP Investments still occupies part of this manufacturing space under a lease with the new owners. See Note 3 to the consolidated financial statements for specific financial obligations relating to these leases.

Item 2 of the 10-K filed Apr 15, 2026.12

Leadership

Who has led FLEXIBLE SOLUTIONS INTERNATIONAL INC, and when. Pick a name to see everywhere that person has worked.

2010201520202025
Board members and other officers (7)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • 317 Mendota LLC Illinois3
  • ENP Investments LLC Indiana3
  • ENP Mendota Illinois3
  • ENP Peru Investments LLC Indiana3
  • Flexible Fermentation Ltd. Alberta3
  • Flexible Solutions Ltd. Alberta3
  • InnFlex Holdings Inc. Colorado3
  • NCS Deferred Corp. Illinois3
  • NanoChem Solutions, Inc. Nevada3
  • Natural Chem SECZ Ltd. Cayman Islands3
  • PanaChem Solutions, Inc. Panama3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 1, 20268-K Executive or director change; Other events20
  2. Aug 18, 20268-K Other events21
  3. Jul 1, 20268-K Entered a material agreement22
  4. Jun 8, 20268-K Change of auditor23
  5. May 18, 20268-K Other events24
  6. Apr 20, 20268-K Other events25
  7. Nov 21, 20258-K Shareholder vote26
  8. Nov 17, 20258-K Other events27
  9. Aug 27, 20258-K Entered a material agreement28
  10. Aug 15, 20258-K Other events29
  11. Aug 15, 20258-K Entered a material agreement30
  12. May 19, 20258-K Other events31
  13. Apr 21, 2006New chief executive Brien Daniel B. O. becomes CEO13

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.04) a share, on Nov 14, 2025.32

When it reported results

  1. Apr 25, 2024Reported quarterly or annual results33
  2. Nov 15, 2023Reported quarterly or annual results34
  3. Aug 16, 2023Reported quarterly or annual results35
  4. May 16, 2023Reported quarterly or annual results36
  5. May 17, 2022Reported quarterly or annual results37
  6. Apr 1, 2022Reported quarterly or annual results38
  7. Nov 16, 2021Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

159 filings to the SEC since October 2021: 7 annual reports, 15 quarterly reports, 41 major events, 30 insider forms, 27 large holders, 39 other. The latest 20:

  1. Oct 7, 2026DEF 14A EDGAR
  2. Sep 1, 20268-K EDGAR
  3. Aug 18, 20268-K EDGAR
  4. Aug 14, 202610-Q EDGAR
  5. Jul 1, 20268-K EDGAR
  6. Jul 1, 2026424B5 EDGAR
  7. Jun 8, 20268-K EDGAR
  8. May 18, 20268-K EDGAR
  9. May 15, 202610-Q EDGAR
  10. Apr 20, 20268-K EDGAR
  11. Apr 15, 202610-K EDGAR
  12. Mar 31, 2026NT 10-K EDGAR
  13. Mar 5, 2026EFFECT EDGAR
  14. Feb 24, 2026S-3 EDGAR
  15. Feb 18, 20264 EDGAR
  16. Feb 11, 2026SCHEDULE 13D/A EDGAR
  17. Feb 10, 20264/A PRIMARY DOCUMENT EDGAR
  18. Feb 5, 20264 PRIMARY DOCUMENT EDGAR
  19. Feb 2, 20264 PRIMARY DOCUMENT EDGAR
  20. Jan 29, 20264 PRIMARY DOCUMENT EDGAR

The 159 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

44 open-market trades by officers, directors and large owners since October 2021: 1 buys and 43 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 3, 2026O BRIEN DANIEL BChief Executive OfficerSale16,497$5.78$95.4KForm 4
Feb 3, 2026O BRIEN DANIEL BChief Executive OfficerSale12,500$5.88$73.5KForm 4
Jan 29, 2026O BRIEN DANIEL BChief Executive OfficerSale4,003$5.89$23.6KForm 4
Jan 28, 2026O BRIEN DANIEL BChief Executive OfficerSale45,500$5.84$265.7KForm 4
Jan 27, 2026O BRIEN DANIEL BChief Executive OfficerSale56,000$5.90$330.4KForm 4
Nov 16, 2023O BRIEN DANIEL BChief Executive OfficerSale94,563$1.57$148.5KForm 4
Jul 21, 2023O BRIEN DANIEL BChief Executive OfficerSale9,312$2.64$24.6KForm 4
Jul 20, 2023O BRIEN DANIEL BChief Executive OfficerSale20,100$2.65$53.3KForm 4
Jul 19, 2023O BRIEN DANIEL BChief Executive OfficerSale17,647$2.65$46.8KForm 4
Jun 22, 2023O BRIEN DANIEL BChief Executive OfficerSale5,003$2.80$14.0KForm 4
Jun 21, 2023O BRIEN DANIEL BChief Executive OfficerSale4,114$2.80$11.5KForm 4
Jun 20, 2023Fyles Thomas MurrayDirectorBuy5,000$2.65$13.2KForm 4
Jun 13, 2023O BRIEN DANIEL BChief Executive OfficerSale826$2.83$2.3KForm 4
Jun 12, 2023O BRIEN DANIEL BChief Executive OfficerSale60$2.85$171Form 4
Jun 8, 2023Helina Robert ThomasDirectorSale5,000$2.89$14.4KForm 4
May 22, 2023Helina Robert ThomasDirectorSale5,000$2.88$14.4KForm 4
May 4, 2023O BRIEN DANIEL BChief Executive OfficerSale4,900$2.77$13.6KForm 4
May 3, 2023O BRIEN DANIEL BChief Executive OfficerSale2,999$2.85$8.5KForm 4
Apr 26, 2023O BRIEN DANIEL BChief Executive OfficerSale9,399$3.00$28.2KForm 4
Apr 24, 2023O BRIEN DANIEL BChief Executive OfficerSale344$3.14$1.1KForm 4

All 44 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Daniel B. O’Brien69$618.0K43
2024PresidentChief Executive Financial and Accounting Officer$600.0K$916.0K43

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 30. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Renaissance Technologies LLC329,751$2.2M0.0%−11,194
Vanguard Capital Management LLC282,117$1.9M0.0%+3,962
Dimensional Fund Advisors LP96,116$640.1K0.0%+3,836
North Star Investment Management Corp.90,000$599.4K0.0%No change
Beartown Capital Management, LLC74,754$497.9K0.2%No change
Regal Investment Advisors LLC43,185$287.6K0.0%No change
Citadel Advisors LLC41,514$276.5K0.0%+4,277
Rothschild Wealth LLC30,300$201.8K0.0%+11,600
Essex Investment Management Co LLC26,180$174.4K0.0%−72
BlackRock, Inc.25,244$168.1K0.0%+5,464
James Investment Research, Inc.18,300$121.9K0.0%No change
NewEdge Advisors, LLC18,300$121.9K0.0%−1,132
Crestwood Advisors Group, LLC15,292$101.8K0.0%−9,889
Quantinno Capital Management LP15,292$101.8K0.0%−9,889
Strait & Sound Wealth Management LLC14,228$94.8K0.0%No change
XTX Topco Ltd11,225$74.8K0.0%−1,935
Vanguard Fiduciary Trust Co6,714$44.7K0.0%No change
Founders Capital Management6,000$40.0K0.0%No change
Federation des caisses Desjardins du Quebec2,525$16.2K0.0%No change
Morgan Stanley1,344$9.0K0.0%−156
Wells Fargo & Company/mn1,245$8.3K0.0%No change
Jpmorgan Chase & Co795$5.4K0.0%+16
1 North Wealth Services LLC700$4.7K0.0%No change
Integrated Wealth Concepts LLC650$4.3K0.0%New
Osaic Holdings, Inc.400$2.7K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How FLEXIBLE SOLUTIONS INTERNATIONAL INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFLEXIBLE SOLUTIONS INTERNATIONAL INC1
  • CIK0001069394
  • Employer ID (EIN)71-163088912
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company12
  • Incorporated inAlberta, Canada12
  • Fiscal year endsDecember 311
  • Industry code (SIC)2890 Miscellaneous Chemical Products1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address2614 Queenswood Dr, Victoria B C, A1 V8N 1X51
  • Mailing address2614 Queenswood Dr, Victoria Bc Canada, A1 V8N 1X51
  • Phone25047799691
  • Shares outstanding12,772,498 as of Aug 14, 202611
  • Public float$41.0M as of Jun 30, 202512
  • AuditorAssure CPA, LLC, Spokane, Washington PCAOB ID 444; no auditor attestation of internal control over financial reporting12
  • On EDGAR sinceFeb 22, 20001
  • Filings623 in all: 8-K (165), 4 (65), 10-Q (56), CORRESP (38), UPLOAD (32), 10QSB (23), DEF 14A (22), SC 13D/A (22)1
    All 47 form types

    10-K (18), SC 13G (13), 10QSB/A (12), 144 (11), SC 13G/A (11), 3 (10), 10-K/A (9), 10KSB/A (9), 10KSB (8), 8-K/A (8), S-8 (8), SC 13D (8), S-3/A (7), SB-2/A (7), EFFECT (6), PRE 14A (6), 425 (5), 424B3 (4), S-3 (4), 10-Q/A (3), 4/A (3), DEFA14A (3), S-4/A (3), SB-2 (3), 10SB12G (2), 10SB12G/A (2), DEFR14A (2), NT 10-K (2), RW (2), S-4 (2), 424B5 (1), 8-A12B (1), CERTAMX (1), DRS (1), DRS/A (1), NT 10-Q (1), NTN 10Q (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 15, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Oct 7, 2026
    Latest 8-K (8-K) Sep 1, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueFSINYSE American

From the cover page of the 10-K filed Apr 15, 2026 (Section 12(b) of the Exchange Act).12

Risk factors and legal proceedings

The risks FLEXIBLE SOLUTIONS INTERNATIONAL INC names in Item 1A of its 10-K filed Apr 15, 2026: 15 risks under these headings, as written.12

  • We have in the past incurred significant operating losses and may not sustain profitability in the future.
  • Fluctuations in our operating results may cause our stock price to decline.
  • Our operations are subject to seasonal fluctuation.
  • Interruptions in our ability to purchase raw materials and components may adversely affect our profitability.
  • Our WATERSAVR® product has not proven to be a revenue producing product and we may never recoup the cost associated with its development.
  • If we do not introduce new products in a timely manner, our products could become obsolete and our operating results would suffer.
  • We are dependent upon certain customers.
  • Economic, political and other risks associated with international sales and operations could adversely affect our sales.
  • We are subject to credit risk and may be subject to substantial write-offs if one or more of our significant customers default on their payment obligations to us.
  • Our products can be hazardous if not handled, stored and used properly; litigation related to the handling, storage and safety of our products would have a material adverse effect on our business and results of operations.
  • Our failure to comply with environmental regulations may create significant environmental liabilities and force us to modify our manufacturing processes.
  • Our failure to protect our intellectual property could impair our competitive position.
The other 3 risks
  • Our products may infringe on the intellectual property rights of others, and resulting claims against us could be costly and prevent us from making or selling certain products.
  • A product liability claim for damages could materially and adversely affect our financial condition and results of operations.
  • Our ongoing success is dependent upon the continued availability of certain key employees.

Sources

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