Filing Flows › Flexible Solutions International (FSI) › Q4 2024
Flexible Solutions International (FSI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Flexible Solutions International (FSI) reported revenue of $9.2M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -2% from the quarter before. Operating margin was 14.5%, net earnings $680K (7.4% of revenue).
Flexible Solutions International, Q4 2024: revenue $9.2M (-3% year over year), operating margin 14.5%, net earnings $680K, operating cash flow −$3.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2M | -2% | -3% |
| Gross profit | $2.7M | -30% | -6% |
| Operating profit | $1.3M | -25% | +15% |
| Net earnings | $680K | +11% | -62% |
| Operating cash flow | −$3.7M | — | — |
What changed
Revenue was $9.2M in Q4 2024, down 3% year over year and down 2% from the previous quarter.
Gross margin was 29.2%, down 1.0 points from a year earlier. Operating profit was $1.3M, a 14.5% margin (up 2.3 points year over year). Operating expenses fell 21% while revenue fell 3%. The fastest-growing cost line was Research & development (+66%). Net earnings were $680K, down 62% year over year. The effective tax rate was -46.9%.
Operating cash flow was −$3.7M. Non-cash charges added back $530K of depreciation and amortization and $160K of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $2.1M exceeded it, leaving free cash flow of −$5.8M.
Questions
What was Flexible Solutions International's revenue in the fourth quarter 2024?
Flexible Solutions International (FSI) reported revenue of $9.2M for the fourth quarter 2024 (Q4 2024), -3% from a year earlier and -2% from the quarter before.
Was Flexible Solutions International profitable in the fourth quarter 2024?
Operating profit was $1.3M (14.5% of revenue) and net earnings $680K.