Flexible Solutions Q1 Sales Up 11% to $8.30M; Net Loss ($0.24M)
Flexible Solutions International reported Q1 2026 sales of $8.30 million, an 11% increase from $7.47 million in Q1 2025. The company's net loss improved slightly to ($0.24 million) or ($0.02) per share, compared to ($0.28 million) in the prior year. Non-GAAP operating cash flow rose to $0.58 million or $0.05 per share. The company highlighted the ramp-up of two major food grade contracts, with significant revenue expected in Q2, Q3, and Q4 2026, and noted the full repayment of its ENP loan and equipment note in 2025. Despite these positive developments, the company faces challenges from unstable shipping prices, increasing raw material costs, and weakness in the agricultural market, potentially leading to price increases in Q3.
Key Highlights
- Q1 2026 Sales: $8,296,997, up 11% from $7,473,692 in Q1 2025.
- Q1 2026 Net Loss: ($241,420) or ($0.02) per share, improved from ($277,734) in Q1 2025.
- Q1 2026 Non-GAAP Operating Cash Flow: $575,240 or $0.05 per share, up from $480,268 in Q1 2025.
- August 2025 food contract: 5-year term, minimum $6.5M/year, maximum >$25M/year, now at full production.
- January 2025 food contract: Larger, started small volume production, significant revenue expected in Q2, Q3, Q4.
- Long-term debt: ENP loan and equipment note fully paid in 2025, freeing up over $2M/year cash flow.
- NanoChem division to be 100% food grade by end of 2026; Panama division handles legacy industrial/agri products.
- Company anticipates some profits in Q2 2026, followed by rapidly increasing profits in H2 2026.
Price Impact
More from FSI