Filing Flows › Flexible Solutions International (FSI) › Q1 2026
Flexible Solutions International (FSI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Flexible Solutions International (FSI) reported revenue of $8.3M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -9% from the quarter before. Operating margin was -1.0%, net loss $283K (3.4% of revenue).
Flexible Solutions International, Q1 2026: revenue $8.3M (+11% year over year), operating margin -1.0%, net loss $283K, operating cash flow −$1.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | -9% | +11% |
| Operating profit | −$86K | -108% | — |
| Net earnings | −$283K | -384% | — |
| Operating cash flow | −$1.8M | — | — |
What changed
Revenue was $8.3M in Q1 2026, up 11% year over year and down 9% from the previous quarter.
Gross margin was 22.8%, down 3.3 points from Q1 2025. Operating costs exceeded revenue by $86K, an operating margin of -1.0%. Operating expenses fell 2% while revenue rose 11%. The quarter ended with a net loss of $283K, after a profit of $100K the previous quarter. Minority interests bore $42K of it: to shareholders the quarter was a loss of $241K. Net interest and other expense of $151K was the main reason.
Operating cash flow was −$1.8M. Non-cash charges added back $509K of depreciation and amortization and $110K of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$4.1M.
Questions
What was Flexible Solutions International's revenue in the first quarter 2026?
Flexible Solutions International (FSI) reported revenue of $8.3M for the first quarter 2026 (Q1 2026), +11% from a year earlier and -9% from the quarter before.
Was Flexible Solutions International profitable in the first quarter 2026?
Operating loss was $86K (-1.0% of revenue) and net loss $283K.