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Side-by-side financial comparison of BioLineRx Ltd. (BLRX) and FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI). Click either name above to swap in a different company.

FLEXIBLE SOLUTIONS INTERNATIONAL INC is the larger business by last-quarter revenue ($9.1M vs $5.4M, roughly 1.7× BioLineRx Ltd.). BioLineRx Ltd. runs the higher net margin — 9.0% vs -5.1%, a 14.0% gap on every dollar of revenue. FLEXIBLE SOLUTIONS INTERNATIONAL INC produced more free cash flow last quarter ($-4.0M vs $-25.5M).

BioLineRx Ltd., or BioLine, is a publicly traded drug development company. Headquartered in Israel, its shares are traded on the NASDAQ Capital Market and on the Tel Aviv Stock Exchange.

Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.

BLRX vs FSI — Head-to-Head

Bigger by revenue
FSI
FSI
1.7× larger
FSI
$9.1M
$5.4M
BLRX
Higher net margin
BLRX
BLRX
14.0% more per $
BLRX
9.0%
-5.1%
FSI
More free cash flow
FSI
FSI
$21.5M more FCF
FSI
$-4.0M
$-25.5M
BLRX

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
BLRX
BLRX
FSI
FSI
Revenue
$5.4M
$9.1M
Net Profit
$484.0K
$-460.9K
Gross Margin
83.4%
29.4%
Operating Margin
-107.0%
11.6%
Net Margin
9.0%
-5.1%
Revenue YoY
-0.5%
Net Profit YoY
102.6%
-167.8%
EPS (diluted)
$0.00
$-0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BLRX
BLRX
FSI
FSI
Q4 25
$9.1M
Q3 25
$10.6M
Q2 25
$11.4M
Q1 25
$7.5M
Q4 24
$9.2M
Q3 24
$9.3M
Q2 24
$5.4M
$10.5M
Q1 24
$9.2M
Net Profit
BLRX
BLRX
FSI
FSI
Q4 25
$-460.9K
Q3 25
$-503.4K
Q2 25
$2.0M
Q1 25
$-277.7K
Q4 24
$679.6K
Q3 24
$611.9K
Q2 24
$484.0K
$1.3M
Q1 24
$457.2K
Gross Margin
BLRX
BLRX
FSI
FSI
Q4 25
29.4%
Q3 25
23.9%
Q2 25
47.4%
Q1 25
26.1%
Q4 24
29.2%
Q3 24
40.9%
Q2 24
83.4%
37.4%
Q1 24
30.6%
Operating Margin
BLRX
BLRX
FSI
FSI
Q4 25
11.6%
Q3 25
2.9%
Q2 25
29.0%
Q1 25
-0.9%
Q4 24
9.4%
Q3 24
20.5%
Q2 24
-107.0%
18.7%
Q1 24
8.3%
Net Margin
BLRX
BLRX
FSI
FSI
Q4 25
-5.1%
Q3 25
-4.8%
Q2 25
17.8%
Q1 25
-3.7%
Q4 24
7.4%
Q3 24
6.6%
Q2 24
9.0%
12.3%
Q1 24
5.0%
EPS (diluted)
BLRX
BLRX
FSI
FSI
Q4 25
$-0.03
Q3 25
$-0.04
Q2 25
$0.15
Q1 25
$-0.02
Q4 24
$0.05
Q3 24
$0.05
Q2 24
$0.00
$0.10
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BLRX
BLRX
FSI
FSI
Cash + ST InvestmentsLiquidity on hand
$9.6M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$13.9M
$38.9M
Total Assets
$64.6M
$61.8M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLRX
BLRX
FSI
FSI
Q4 25
Q3 25
Q2 25
$10.0M
Q1 25
$11.0M
Q4 24
$10.0M
Q3 24
$13.0M
Q2 24
$9.6M
$9.2M
Q1 24
$8.3M
Total Debt
BLRX
BLRX
FSI
FSI
Q4 25
$4.4M
Q3 25
$7.1M
Q2 25
$7.5M
Q1 25
$8.1M
Q4 24
$8.8M
Q3 24
$9.4M
Q2 24
$8.3M
Q1 24
$8.0M
Stockholders' Equity
BLRX
BLRX
FSI
FSI
Q4 25
$38.9M
Q3 25
$39.0M
Q2 25
$39.4M
Q1 25
$38.4M
Q4 24
$38.0M
Q3 24
$36.9M
Q2 24
$13.9M
$36.2M
Q1 24
$36.0M
Total Assets
BLRX
BLRX
FSI
FSI
Q4 25
$61.8M
Q3 25
$58.4M
Q2 25
$58.2M
Q1 25
$61.7M
Q4 24
$60.0M
Q3 24
$57.8M
Q2 24
$64.6M
$56.3M
Q1 24
$57.6M
Debt / Equity
BLRX
BLRX
FSI
FSI
Q4 25
0.11×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.23×
Q3 24
0.25×
Q2 24
0.23×
Q1 24
0.22×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BLRX
BLRX
FSI
FSI
Operating Cash FlowLast quarter
$-25.4M
$-3.0M
Free Cash FlowOCF − Capex
$-25.5M
$-4.0M
FCF MarginFCF / Revenue
-472.8%
-44.3%
Capex IntensityCapex / Revenue
1.1%
11.7%
Cash ConversionOCF / Net Profit
-52.56×
TTM Free Cash FlowTrailing 4 quarters
$-591.7K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLRX
BLRX
FSI
FSI
Q4 25
$-3.0M
Q3 25
$2.0M
Q2 25
$5.3M
Q1 25
$-544.3K
Q4 24
$-2.2M
Q3 24
$2.5M
Q2 24
$-25.4M
$5.9M
Q1 24
$-604.8K
Free Cash Flow
BLRX
BLRX
FSI
FSI
Q4 25
$-4.0M
Q3 25
$39.4K
Q2 25
$4.3M
Q1 25
$-898.4K
Q4 24
$-4.3M
Q3 24
$1.3M
Q2 24
$-25.5M
$4.7M
Q1 24
$-1.1M
FCF Margin
BLRX
BLRX
FSI
FSI
Q4 25
-44.3%
Q3 25
0.4%
Q2 25
37.9%
Q1 25
-12.0%
Q4 24
-47.0%
Q3 24
13.6%
Q2 24
-472.8%
44.9%
Q1 24
-11.7%
Capex Intensity
BLRX
BLRX
FSI
FSI
Q4 25
11.7%
Q3 25
18.7%
Q2 25
8.6%
Q1 25
4.7%
Q4 24
22.8%
Q3 24
13.0%
Q2 24
1.1%
11.3%
Q1 24
5.2%
Cash Conversion
BLRX
BLRX
FSI
FSI
Q4 25
Q3 25
Q2 25
2.60×
Q1 25
Q4 24
-3.27×
Q3 24
4.05×
Q2 24
-52.56×
4.59×
Q1 24
-1.32×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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