Flexible Solutions International (FSI) Q1 2026 earnings summary

Executive summary

• Sales increased year-over-year, driven by higher customer orders in both EWCP and TPA product lines.

• Gross profit margin declined due to higher costs from scaling new products and a new manufacturing location, as well as a shift to lower-margin products.

• Net loss attributable to the company was $241,420 for Q1 2026, compared to a net loss of $277,734 in Q1 2025.

• Three primary customers accounted for 56% of sales, up from 49% in the prior year.

Financial highlights

• Q1 2026 sales were $8.3 million, up from $7.5 million in Q1 2025.

• Gross profit was $1.89 million, slightly down from $1.95 million year-over-year.

• Operating loss was $85,965, compared to $69,157 in Q1 2025.

• Net loss attributable to shareholders was $241,420, or $(0.02) per share (basic and diluted), unchanged from prior year.

• Cash at quarter-end was $5.8 million, down from $6.6 million at year-end 2025.

Outlook and guidance

• Management expects sufficient cash resources to meet commitments and no substantial capital requirements for the next twelve months.

• No known trends or uncertainties expected to materially impact liquidity or capital needs.