FirstService Corporation FSV
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $5.50B, +5.4% YoY · Filed Feb 20, 2026
FirstService Corporation (FSV) files with the SEC under industry code 6500, Real Estate. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $5.5 billion and net income of $190.7 million. Free cash flow was $318.2 million. As of Dec 31, 2025 it held $154.4 million in cash and investments and $1.4 billion in total debt.
Revenue
$5.50B
+5.4% vs prior year
Net income
$190.75M
+1.6% vs prior year
Operating cash flow
$445.94M
+56.1% vs prior year
Free cash flow
$318.24M
+84.1% vs prior year
EPS
$3.17
+6.7% vs prior year
Dividend per share
None
Shares outstanding
45.72M
+1.0% vs prior year
Net cash
$-1.22B
FY 2025
Operating margin
6.1%
FY 2025
Company profile
- Industry
- Real Estate (SIC 6500)
- Listed as
- FSV (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Ontario, Canada
- Headquarters
- Toronto, Ontario, Canada
- SEC filer status
- Smaller reporting company
- SEC CIK
- 1637810
- Former names
- New FSV Corp (until May 29, 2015)
Other Real Estate companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $5.5B | $5.2B | $4.3B | $3.7B | $3.2B |
| Operating income | $338.1M | $337.5M | $244.9M | $219.0M | $201.6M |
| Net income | $190.7M | $187.8M | $147.0M | $145.0M | $156.1M |
| Diluted EPS | $3.17 | $2.97 | $2.24 | $2.72 | $3.05 |
| Operating cash flow | $445.9M | $285.7M | $280.4M | $105.9M | $167.3M |
| Free cash flow | $318.2M | $172.9M | $187.6M | $28.3M | $109.1M |
| Total assets | $4.3B | $4.2B | $3.6B | $2.8B | $2.5B |
| Stockholders' equity | $1.4B | $1.2B | $1.0B | $907.5M | $799.7M |
| Cash and investments | $154.4M | $227.6M | $187.6M | $136.2M | $165.7M |
| Total debt | $1.4B | $1.5B | $1.4B | $916.5M | $765.8M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Oct 30, 2026 | Sep 30, 2026 |
| 6-K | Current report (foreign issuer) | Oct 22, 2026 | Oct 22, 2026 |
| 6-K | Current report (foreign issuer) | Sep 17, 2026 | Sep 17, 2026 |
| 6-K | Current report (foreign issuer) | Aug 20, 2026 | Aug 20, 2026 |
| 6-K | Current report (foreign issuer) | Jul 31, 2026 | Jun 30, 2026 |
| 6-K | Current report (foreign issuer) | Jul 23, 2026 | Jul 23, 2026 |
All 250 FirstService Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.