Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Solaris Resources Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
Selling, general and administrative
10.2
11.5
12.9
General and administrative
0.74
1.14
1.13
Operating income
-41.2
-73
-38.5
Interest expense
0.15
5.07
5.74
Interest income
-1.99
-1.13
Pre-tax income
-77.1
-41.7
Income tax
0.57
Net income to minority interests
-0.08
-0.06
-0.06
Net income
-41
-77
-42.2
EPS, basic
0.29
0.49
0.26
EPS, diluted
0.29
0.49
0.26
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
38.9
31.7
25.2
Inventory
0.1
0.14
0.16
Total current assets
39.4
32.6
26
Property, plant and equipment
1.93
3.87
4.96
Total assets
61.8
57.2
58
Accounts payable
5.27
12.8
7.78
Total current liabilities
5.36
13.1
8.4
Lease liabilities
0
0.22
0.42
Total liabilities
36.4
66.5
107
Total debt
0.1
0.65
Retained earnings
-206
-283
-325
Shareholders' equity
17.5
-17.2
-56.8
Minority interests
7.91
7.91
7.85
Total equity
25.4
-9.29
-49
Total liabilities and equity
61.8
57.2
58
Cash flow statement
FY2024
FY2024
FY2025
Net income
-41.1
-77.1
-42.3
Capital expenditures
-2.41
-2.28
Cash from investing
-0.35
-0.66
-3.29
Debt issued
0.64
1.89
Stock issued
22.3
0.03
Cash from financing
62.3
52.5
-51.9
Exchange rate effect
0.49
-0.55
0.35
Net change in cash
24.1
-7.13
-6.53
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $7.15 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
-73.3%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
EPS growth, 1y
-46.9%
EPS vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
1.5%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
3.09x
Current assets / current liabilities.
Quick ratio
3.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
3.00x
(Cash + short-term investments) / current liabilities.
Debt / assets
1.1%
Total debt / total assets.
Liabilities / assets
184.4%
Total liabilities / total assets.
Net debt
-$24.6M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
$0.26
Net income per basic share, as reported (split-adjusted).
Valuation
Metric
Value
How it is calculated
Market cap
$1.19B
Share price x shares outstanding.
Enterprise value
$1.17B
Market cap + total debt - cash - short-term investments.
Earnings yield
-3.5%
Net income / market cap (the inverse of P/E).
Was Solaris Resources Inc. profitable in fiscal 2025?
No. It reported a net loss of $42.2M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.