Filing Flows › Flexible Solutions International (FSI) › Q1 2025
Flexible Solutions International (FSI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 15, 2025
Flexible Solutions International (FSI) reported revenue of $7.5M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -18% from the quarter before. Operating margin was -0.9%, net loss $264K (3.5% of revenue).
Flexible Solutions International, Q1 2025: revenue $7.5M (-19% year over year), operating margin -0.9%, net loss $264K, operating cash flow −$544K. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | -18% | -19% |
| Operating profit | −$69K | -105% | — |
| Net earnings | −$264K | -139% | — |
| Operating cash flow | −$544K | — | — |
What changed
Revenue was $7.5M in Q1 2025, down 19% year over year and down 18% from the previous quarter.
Gross margin was 26.1%, down 4.5 points from a year earlier. Operating costs exceeded revenue by $69K, an operating margin of -0.9%. Operating expenses fell 2% while revenue fell 19%. The quarter ended with a net loss of $264K, after a profit of $1.1M the previous quarter.
Operating cash flow was −$544K. Non-cash charges added back $465K of depreciation and amortization and $98K of share-based compensation. Working capital and other items used $843K. Capital expenditures of $354K exceeded it, leaving free cash flow of −$898K.
Questions
What was Flexible Solutions International's revenue in the first quarter 2025?
Flexible Solutions International (FSI) reported revenue of $7.5M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -18% from the quarter before.
Was Flexible Solutions International profitable in the first quarter 2025?
Operating loss was $69K (-0.9% of revenue) and net loss $264K.