FLEXIBLE SOLUTIONS INTERNATIONAL INC

Flexible Solutions International Inc. announced a change in its independent registered public accounting firm. Assure CPA, LLC resigned on June 3, 2026, following its merger into Sadler, Gibb & Associates, LLC, which led to Assure ceasing operations. The Company's Audit Committee subsequently approved the engagement of Sadler, Gibb & Associates, LLC as the new auditor on June 5, 2026. The change was not due to any disagreements or reportable events, and Assure CPA's prior audit reports were unqualified.

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.

Flexible Solutions International Inc. reported an 11% increase in Q1 2026 sales to $8.30 million, while its net loss attributable to the company narrowed to $(0.24) million from $(0.28) million year-over-year. Despite higher sales, gross profit declined by 3.19%, and the company experienced a significant increase in cash used in operating activities, reaching $(1.82) million. The company also saw a substantial rise in short-term lines of credit to $4.80 million and recorded a loss from its investment in a Florida-based LLC.

Flexible Solutions International (FSI) announced an 11.0% increase in first-quarter 2026 revenue, rising to $8.3 million from $7.5 million in Q1 2025. The growth was primarily fueled by new revenue from an August 2025 food grade contract, which offset weakness in legacy products. The CEO expressed optimism, anticipating stronger performance in the subsequent quarters of 2026.

Flexible Solutions International, Inc. announced its financial results for the full year ended December 31, 2025. The company reported a slight increase in sales to $38,515,058, up from $38,234,860 in the prior year. However, net income significantly decreased to $786,894, or $0.06 per share, compared to $3,038,529, or $0.24 per share, in 2024. Non-GAAP operating cash flow also declined to $5,541,108 ($0.44 per share) from $7,082,952 ($0.57 per share). Despite the decline in net income, CEO Daniel B. O'Brien highlighted operational achievements, including the complete refurbishment of the Illinois factory for new food grade contracts and the completion of a new international agriculture and industrial product factory in Panama. The company maintained profitability and revenue during these expansions without needing equity or debt capital, with NanoChem and ENP divisions remaining dominant revenue sources.

FLEXIBLE SOLUTIONS INTERNATIONAL INC filed its annual report on Form 10-K for the fiscal year ended December 31, 2025. The filing indicates that as of June 30, 2025, the aggregate market value of the company's common stock held by non-affiliates was $41,033,724. Additionally, the company reported 12,737,498 issued and outstanding shares of common stock as of April 15, 2026.