FSI
Income statement / Annual
Last year (2023), Flexible Solutions International, Inc.'s total revenue was $38.32 M,
a decrease of 16.40% from the previous year.
In 2023, Flexible Solutions International, Inc.'s net income was $2.78 M.
See Flexible Solutions International, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$38.32 M
|
$45.84 M
|
$34.42 M
|
$31.41 M
|
$27.44 M
|
$17.83 M
|
$15.49 M
|
$16.25 M
|
$15.90 M
|
$15.91 M
|
| Cost of Revenue |
$31.85 M |
$31.97 M |
$23.02 M |
$21.64 M |
$18.82 M |
$12.19 M |
$9.51 M |
$9.26 M |
$9.70 M |
$10.77 M |
| Gross Profit |
$6.47 M |
$13.87 M |
$11.40 M |
$9.77 M |
$8.62 M |
$5.64 M |
$5.99 M |
$6.99 M |
$6.20 M |
$5.14 M |
| Gross Profit Ratio |
0.17 |
0.3 |
0.33 |
0.31 |
0.31 |
0.32 |
0.39 |
0.43 |
0.39 |
0.32 |
| Research and Development
Expenses |
$158,246.00
|
$99,275.00
|
$116,411.00
|
$81,422.00
|
$123,660.00
|
$135,930.00
|
$98,928.00
|
$95,098.00
|
$95,265.00
|
$134,981.00
|
| General & Administrative
Expenses |
$5.44 M
|
$6.20 M
|
$5.39 M
|
$5.12 M
|
$5.58 M
|
$4.48 M
|
$4.25 M
|
$3.76 M
|
$3.72 M
|
$4.29 M
|
| Selling & Marketing
Expenses |
$194,308.00
|
$182,609.00
|
$172,185.00
|
$197,196.00
|
$159,690.00
|
$68,492.00
|
$18,257.00
|
$21,199.00
|
$34,445.00
|
$36,047.00
|
| Selling, General &
Administrative Expenses |
$2.85 M
|
$6.39 M
|
$5.56 M
|
$5.31 M
|
$5.74 M
|
$4.55 M
|
$4.26 M
|
$3.78 M
|
$3.76 M
|
$4.32 M
|
| Other Expenses |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
-$51,350.00 |
$2.74 M |
$0.00 |
$0.00 |
| Operating Expenses |
$3.01 M |
$6.48 M |
$5.68 M |
$5.39 M |
$5.87 M |
$4.68 M |
$4.36 M |
$3.87 M |
$3.85 M |
$4.46 M |
| Cost And Expenses |
$35.33 M |
$38.46 M |
$28.70 M |
$27.03 M |
$24.69 M |
$16.87 M |
$13.87 M |
$13.13 M |
$13.55 M |
$15.23 M |
| Interest Income |
$113,809.00 |
$132,233.00 |
$77,999.00 |
$53,101.00 |
$80,731.00 |
$36,843.00 |
$913.00 |
$2,184.00 |
$2,963.00 |
$0.00 |
| Interest Expense |
$498,666.00 |
$292,949.00 |
$199,930.00 |
$260,657.00 |
$428,371.00 |
$93,653.00 |
$44,125.00 |
$41,699.00 |
$55,770.00 |
$94,890.00 |
| Depreciation &
Amortization |
$1.74 M
|
$1.33 M
|
$1.23 M
|
$1.18 M
|
$620,264.00
|
$342,561.00
|
$286,616.00
|
$540,079.00
|
$578,338.00
|
$789,733.00
|
| EBITDA |
$5.86 M
|
$9.48 M
|
$8.08 M
|
$6.64 M
|
$3.36 M
|
$1.43 M
|
$2.01 M
|
$3.79 M
|
$3.05 M
|
$1.68 M
|
| EBITDA Ratio |
0.15 |
0.2 |
0.2 |
0.18 |
0.13 |
0.07 |
0.12 |
0.23 |
0.18 |
0.09 |
| Operating Income Ratio
|
0.08
|
0.15
|
0.16
|
0.13
|
0.1
|
0.07
|
0.1
|
0.19
|
0.15
|
0.04
|
| Total Other
Income/Expenses Net |
$623,463.00
|
$808,708.00
|
$1.17 M
|
$1.07 M
|
-$521,181.00
|
$1.75 M
|
$1.91 M
|
-$6,054.00
|
-$42,286.00
|
$0.00
|
| Income Before Tax |
$3.62 M |
$7.86 M |
$6.65 M |
$5.19 M |
$2.31 M |
$3.05 M |
$3.42 M |
$3.08 M |
$2.31 M |
$660,778.00 |
| Income Before Tax Ratio
|
0.09
|
0.17
|
0.19
|
0.17
|
0.08
|
0.17
|
0.22
|
0.19
|
0.15
|
0.04
|
| Income Tax Expense |
-$132,735.00 |
$145,856.00 |
$2.36 M |
$1.61 M |
$17,436.00 |
$633,130.00 |
$1.67 M |
$1.29 M |
$803,485.00 |
$257,433.00 |
| Net Income |
$2.78 M |
$7.02 M |
$3.45 M |
$2.98 M |
$1.91 M |
$2.49 M |
$1.75 M |
$1.79 M |
$1.50 M |
$403,345.00 |
| Net Income Ratio |
0.07 |
0.15 |
0.1 |
0.09 |
0.07 |
0.14 |
0.11 |
0.11 |
0.09 |
0.03 |
| EPS |
0.22 |
0.57 |
0.28 |
0.24 |
0.16 |
0.21 |
0.15 |
0.16 |
0.11 |
0.03 |
| EPS Diluted |
0.22 |
0.56 |
0.28 |
0.24 |
0.16 |
0.21 |
0.15 |
0.15 |
0.11 |
0.03 |
| Weighted Average Shares
Out |
$12.43 M
|
$12.38 M
|
$12.32 M
|
$12.24 M
|
$11.95 M
|
$11.63 M
|
$11.49 M
|
$11.46 M
|
$13.17 M
|
$13.17 M
|
| Weighted Average Shares
Out Diluted |
$12.49 M
|
$12.47 M
|
$12.51 M
|
$12.30 M
|
$12.09 M
|
$11.82 M
|
$11.73 M
|
$11.64 M
|
$13.31 M
|
$13.17 M
|
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