Filing Flows › Flexible Solutions International (FSI) › Q3 2025
Flexible Solutions International (FSI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Flexible Solutions International (FSI) reported revenue of $10.6M for the third quarter 2025 (Q3 2025), +13% from a year earlier and -7% from the quarter before. Operating margin was 2.9%, net earnings $387K (3.7% of revenue).
Flexible Solutions International, Q3 2025: revenue $10.6M (+13% year over year), operating margin 2.9%, net earnings $387K, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.6M | -7% | +13% |
| Gross profit | $2.5M | -53% | -34% |
| Operating profit | $311K | -91% | -84% |
| Net earnings | $387K | -82% | -65% |
| Operating cash flow | $2.0M | -62% | -19% |
| Free cash flow | $39K | -99% | -97% |
What changed
Revenue was $10.6M in Q3 2025, up 13% year over year and down 7% from the previous quarter.
Gross margin was 23.9%, down 17.0 points from a year earlier. Operating profit was $311K, a 2.9% margin (down 17.6 points year over year). Operating profit fell $1.6M even though revenue rose $1.2M versus a year earlier, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 13%. The fastest-growing cost line was Research & development (+819%). Net earnings were −$503K. The effective tax rate was -88.7%.
Operating cash flow was $2.0M (down 19% year over year), 522% of net income including minority interests. Non-cash charges added back $485K of depreciation and amortization and $98K of share-based compensation. Working capital and other items added $1.0M. Capital expenditures of $2.0M left free cash flow of $39K.
Questions
What was Flexible Solutions International's revenue in the third quarter 2025?
Flexible Solutions International (FSI) reported revenue of $10.6M for the third quarter 2025 (Q3 2025), +13% from a year earlier and -7% from the quarter before.
Was Flexible Solutions International profitable in the third quarter 2025?
Operating profit was $311K (2.9% of revenue) and net earnings $387K.