NASDAQ: OFLX
Omega Flex, Inc.CIK 0001317945 · SIC 3430 · Heating Equip, Except Elec & Warm Air; & Plumbing Fixtures
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Latest financial statements
From 10-Q filed Oct 30, 2026 (period ending Sep 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income
(Amounts in Thousands, except per Common Share data)
| Description | Three months ended September 30, 2026 (unaudited) | Three months ended September 30, 2025 | Nine months ended September 30, 2026 | Nine months ended September 30, 2025 |
|---|---|---|---|---|
| Net Sales | 25,697 | 24,234 | 72,847 | 73,089 |
| Cost of Goods Sold | 12,435 | 9,653 | 33,279 | 29,014 |
| Gross Profit | 13,262 | 14,581 | 39,568 | 44,075 |
| Selling Expense | 5,633 | 4,993 | 16,538 | 15,211 |
| General and Administrative Expense | 3,781 | 4,082 | 11,013 | 12,106 |
| Engineering Expense | 1,269 | 1,321 | 4,074 | 3,801 |
| Operating Profit | 2,579 | 4,185 | 7,943 | 12,957 |
| Interest Income | 405 | 509 | 1,289 | 1,513 |
| Other Income (Expense) | 66 | (1) | (20) | 311 |
| Income Before Income Taxes | 3,050 | 4,693 | 9,212 | 14,781 |
| Income Tax Expense | 756 | 1,062 | 2,302 | 3,527 |
| Net Income | 2,294 | 3,631 | 6,910 | 11,254 |
| Net Loss Noncontrolling Interests | 65 | 57 | 201 | 158 |
| Net Income attributable to Omega Flex, Inc. | 2,359 | 3,688 | 7,111 | 11,412 |
| Basic and Diluted Earnings per Common Share | 0.23 | 0.37 | 0.70 | 1.13 |
| Cash Dividends Declared per Common Share | 0.34 | 0.34 | 1.02 | 1.02 |
| Basic and Diluted Weighted Average Shares Outstanding | 10,094 | 10,094 | 10,094 | 10,094 |
Condensed Consolidated Balance Sheets
(Dollars in Thousands, except Common Stock par value)
| Description | September 30, 2026 (unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets: | ||
| Cash and Cash Equivalents | 42,823 | 53,226 |
| Accounts Receivable less allowances of $684 and $857, respectively | 15,874 | 13,665 |
| Inventories Net | 17,071 | 13,397 |
| Other Current Assets | 2,880 | 2,727 |
| Total Current Assets | 78,648 | 83,015 |
| Right-Of-Use Assets Operating | 4,034 | 4,437 |
| Property and Equipment Net | 10,369 | 10,163 |
| Goodwill Net | 3,526 | 3,526 |
| Deferred Taxes | 818 | 595 |
| Other Long Term Assets | 2,714 | 3,218 |
| Total Assets | 100,109 | 104,954 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current Liabilities: | ||
| Accounts Payable | 2,259 | 2,528 |
| Accrued Compensation | 1,203 | 1,566 |
| Accrued Commissions and Sales Incentives | 3,505 | 3,520 |
| Dividends Payable | 3,432 | 3,431 |
| Lease Liability Operating | 731 | 771 |
| Other Liabilities | 3,539 | 4,142 |
| Total Current Liabilities | 14,669 | 15,958 |
| Lease Liability Operating, net of current portion | 3,617 | 3,986 |
| Deferred Taxes | 559 | 422 |
| Other Long Term Liabilities | 603 | 580 |
| Total Liabilities | 19,448 | 20,946 |
| Commitments and Contingencies (Note 6) | ||
| Shareholders’ Equity: | ||
| Omega Flex, Inc. Shareholders’ Equity: | ||
| Common Stock par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,094,322 shares outstanding as of September 30, 2026 and December 31, 2025 | 102 | 102 |
| Treasury Stock | (1) | (1) |
| Paid-in Capital | 11,015 | 11,039 |
| Retained Earnings | 70,794 | 73,979 |
| Accumulated Other Comprehensive Loss | (903) | (933) |
| Total Omega Flex, Inc. Shareholders’ Equity | 81,007 | 84,186 |
| Noncontrolling Interests | (346) | (178) |
| Total Shareholders’ Equity | 80,661 | 84,008 |
| Total Liabilities and Shareholders’ Equity | 100,109 | 104,954 |
Condensed Consolidated Statements of Cash Flows
(Dollars in Thousands)
| Description | Nine months ended September 30, 2026 (unaudited) | Nine months ended September 30, 2025 |
|---|---|---|
| Cash Flows from Operating Activities: | ||
| Net Income | 6,910 | 11,254 |
| Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: | ||
| Non-Cash Compensation Expense | 177 | 122 |
| Non-Cash Lease Expense | 566 | 476 |
| Gain on Sale of Property and Equipment | (95) | - |
| Depreciation and Amortization | 1,032 | 1,001 |
| Provision for Losses on Accounts Receivable, net of write-offs and recoveries | (173) | (67) |
| Deferred Taxes | (86) | 264 |
| Provision for Inventory Reserves | 124 | (271) |
| Changes in Assets and Liabilities: | ||
| Accounts Receivable | (2,048) | 71 |
| Inventories | (3,820) | 664 |
| Other Assets | 350 | (182) |
| Accounts Payable | (264) | (596) |
| Accrued Compensation | (363) | (732) |
| Accrued Commissions and Sales Incentives | (15) | (508) |
| Lease Liabilities | (573) | (484) |
| Other Liabilities | (750) | (1,344) |
| Net Cash Provided by Operating Activities | 972 | 9,668 |
| Cash Flows from Investing Activities: | ||
| Proceeds from Sale of Property and Equipment | 50 | - |
| Capital Expenditures | (1,190) | (1,613) |
| Net Cash Used in Investing Activities | (1,140) | (1,613) |
| Cash Flows from Financing Activities: | ||
| Dividends Paid | (10,295) | (10,296) |
| Net Cash Used in Financing Activities | (10,295) | (10,296) |
| Net Decrease in Cash and Cash Equivalents | (10,463) | (2,241) |
| Translation effect on cash | 60 | (90) |
| Cash and Cash Equivalents Beginning of Period | 53,226 | 51,699 |
| Cash and Cash Equivalents End of Period | 42,823 | 49,368 |
| Supplemental Disclosure of Cash Flow Information: | ||
| Cash paid for Income Taxes | 2,213 | 4,965 |
| Declared Dividend | 10,296 | 10,297 |
| Additions to Right-Of-Use Assets obtained from new operating Lease Liabilities | 46 | 31 |
Amounts as printed on the EDGAR/iXBRL face — (Amounts in Thousands, except per Common Share data); (Dollars in Thousands, except Common Stock par value); (Dollars in Thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗