FLEXIBLE SOLUTIONS INTERNATIONAL (FSI) Company Report

Flexible Solutions International (FSI) announced on January 26, 2026, that shipping has commenced from its new Panama factory.
The Panama factory has started producing agricultural and polymer products.
CEO Dan O'Brien estimates that nearly all international sales will be produced in Panama by the end of Q1, which is expected to free up space in the Illinois factory for food grade products and potentially increase international sales.

Jan 26, 2026, 2:00 PM

Press Release

Flexible Solutions International Announces Q3 2025 Financial Results

FSI

Earnings

Guidance Update

New Projects/Investments

FLEXIBLE SOLUTIONS INTERNATIONAL INC. (FSI) reported Q3 2025 sales of $10,556,291, an increase of approximately 13% compared to Q3 2024, but posted a net loss of $503,358 or $0.04 per basic share, down from a net income of $611,858 or $0.05 per basic share in Q3 2024.
The net loss was primarily attributed to higher cost of goods, including tariffs, and significant expenses related to preparing for production of new food grade contracts and CAPEX installations in Illinois and Panama.
The company anticipates a rebound in profits in Q1 2026, driven by growing revenue from new food grade contracts, with one August 2025 contract already at full production and expected to generate a minimum of $6.5 million per year.
FSI's new Panama factory, designed to serve international customers and mitigate US tariffs, is expected to commence production in Q4 2025.
Nine-month operating cash flow for 2025 was $4,257,973 ($0.34 per basic share), a decrease from $5,909,621 ($0.47 per basic share) in 2024, with a rebound also projected for Q1 2026.

Nov 17, 2025, 7:46 PM

8-K

Flexible Solutions International Reports Q3 2025 Financials with Revenue Growth and Strategic Investments

FSI

Earnings

Product Launch

New Projects/Investments

Flexible Solutions International reported sales of $10.56 million for Q3 2025, a 13% increase compared to Q3 2024 sales of $9.31 million. However, the company recorded a loss of $503,000 or $0.04 per share in Q3 2025, compared to a gain of $612,000 or $0.05 per share in Q3 2024.
The company announced that its August 2025 food-grade contract, with a minimum annual revenue of $6.5 million and a maximum of over $25 million, has reached full production, with first invoicing in early Q4 2025 and revenue already exceeding $1 million. A larger January 2025 food-grade contract, requiring an estimated $4 million in CapEx, is expected to begin production in late Q4 2025 or early 2026, with potential annual revenue from all food contracts reaching $50 million to $60 million by 2027.
A new agriculture and polymer factory in Panama is nearly complete, with first production estimated for Q4 2025, aiming to serve international customers without U.S. tariffs and with reduced shipping times. Additionally, the company fully paid off the loan for its EMP division in June 2025 and will pay off a three-year equipment note in December 2025, freeing up over $2 million in cash flow per year.
Q3 2025 profits were negatively impacted by costs associated with preparing for the new food-grade contracts and the Panama factory, which are being expensed as they occur. These costs are expected to continue at a lower level in Q4 2025, with profits anticipated to rebound to past levels and increase in Q1 2026 as food product revenue grows.

Nov 17, 2025, 4:00 PM

Transcript

Flexible Solutions International Reports Q3 2025 Results, Details New Contracts and Panama Factory Progress

FSI

Earnings

New Projects/Investments

Revenue Acceleration/Inflection

Flexible Solutions International reported Q3 2025 sales of $10.56 million, a 13% increase from Q3 2024, but recorded a net loss of $503,000 or $0.04 per share.
The Q3 loss was primarily attributed to significant expenses incurred for preparing new food-grade contracts and the new Panama factory, which are being expensed as they occur. The company expects profits to rebound in Q1 2026.
FSI announced two new food-grade contracts: an August 2025 contract with a minimum annual revenue of $6.5 million (up to over $25 million) that began production in late Q3, and a January 2025 contract projected to start revenue generation in late Q4 2025 or early Q1 2026. Combined, all three food contracts (including the wine product) could reach $50 million to $60 million in annual revenue by 2027.
The new Panama factory is expected to begin production in Q4 2025, aiming to enhance international sales by avoiding U.S. tariffs and improving logistics.
The company's three-year equipment note will be fully paid in December 2025, which is expected to free up over $2 million in cash flow per year.

Nov 17, 2025, 4:00 PM

Transcript

Flexible Solutions International's Acquisition Offer Declined

FSI

M&A

New Projects/Investments

Flexible Solutions International (FSI) made an offer to acquire 70% of a medium-sized agriculture-oriented company in Indiana, which was subsequently declined by the target's Board on November 10, 2025.
The offer terms included 5 times full year 2025 EBITDA plus 2.5 times full year 2025 EBITDA across 3 years based on performance.
FSI will not increase its offer, believing it represented full value, and has removed the debt financing that was in place for the acquisition.
CEO Dan O'Brien stated that FSI will continue to pursue growth through acquisitions and organic expansion despite the disappointment over the missed synergies.

Nov 10, 2025, 9:30 PM

Press Release

FSI Announces Third Quarter 2025 Revenue

FSI

Earnings

Revenue Acceleration/Inflection

New Projects/Investments

Flexible Solutions International (FSI) announced its third quarter (Q3) 2025 revenue on October 16, 2025.
Revenue for Q3 2025 reached $10.539 million, marking an approximate 13% increase compared to $9.315 million in Q3 2024.
CEO Dan O'Brien highlighted the resumption of growth under difficult conditions, particularly in agriculture, and mentioned looking forward to full scale food grade production in 2026.
Complete financial results are scheduled to be released on November 14, 2025, with a conference call set for November 17, 2025.

Oct 16, 2025, 8:30 PM

Press Release

Flexible Solutions International Sells Mendota Plant

FSI

M&A

New Projects/Investments

Flexible Solutions International (FSI) announced the sale of its Mendota Plant.
The company will retain a long-term lease at the Mendota site for its ENP division.
The sale is expected to result in a small profit or small loss and will be accounted for in Q4.
This transaction aims to reduce debt, free up space for expansion of the food grade division at the Peru, IL plant, and allow executives to focus on growth.

Oct 14, 2025, 1:05 PM

Press Release

FSI Announces Second Food Grade Contract

FSI

New Projects/Investments

Revenue Acceleration/Inflection

FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (FSI) announced a second significant food grade contract for its Illinois plant on August 11, 2025.
This new contract is estimated to generate between $6.5 million and $13 million per year in revenue, with limited production beginning immediately and scaling up without requiring additional equipment or capital improvements.
The contract has a five-year term and includes provisions for optional expansion to greater than $25 million in annual revenue, along with tariff and inflation protection.
Combined with a contract announced in January, this new agreement has the potential to bring FSI's new food grade production to more than $50 million per year by 2027.
CEO Dan O'Brien stated that the company believes it is possible to double its revenue in the next 18 months by combining this new business with its legacy and ENP operations.

Aug 15, 2025, 12:00 AM

8-K

Flexible Solutions International Announces New Food Grade Contract

FSI

New Projects/Investments

Revenue Acceleration/Inflection

Guidance Update

Flexible Solutions International Inc. (FSI) has signed a second significant food grade contract for its Illinois plant, with estimated annual revenue between $6.5 million and $13 million.
The contract has a five-year term and includes provisions for optional expansion to over $25 million in annual revenue, along with tariff and inflation protection.
CEO Dan O'Brien stated that this new contract, combined with a previous one, has the potential to increase the company's new food grade production to over $50 million per year by 2027.
Mr. O'Brien also indicated the company believes it is possible to double its revenue in the next 18 months by adding this to its legacy and ENP businesses.

Aug 11, 2025, 9:02 PM

Press Release

Flexible Solutions International Announces Q2 2025 Revenue

FSI

Earnings

Revenue Acceleration/Inflection

Demand Weakening

Flexible Solutions International (FSI) reported Q2 2025 revenue of $11.212 million , an increase of approximately 6.5% compared to $10.529 million in Q2 2024.
The company's Q2 2025 revenue was significantly boosted by a $2.5 million payment for food grade product development.
CEO Dan O'Brien noted weakness from several historic customers during the quarter but anticipates growth in the second half of 2025 unless economic conditions worsen.
Complete financial results for Q2 2025 will be available on August 14, 2025.