Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Solidion Technology 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
FY2022
FY2024
FY2024
FY2025
Revenue
0.01
0.01
Cost of revenue
0.01
Gross profit
0.01
0.01
Research and development
3.02
2.38
3.42
Selling, general and administrative
2.31
10.9
9.5
General and administrative
0.81
Operating expenses
0.9
5.33
13.3
12.9
Operating income
-5.32
-13.3
-12.9
Interest expense
0.37
0.11
Interest income
1.81
0.01
0.02
Other non-operating income
1.84
-0
-19.1
-28.1
Pre-tax income
0.93
-5.32
-32.4
-41
Income tax
0.34
Net income
0.59
-5.32
-32.4
-41
EBITDA
-4.77
-12.9
-12.6
EPS, basic
-4.00
-15.80
-10.39
EPS, diluted
-4.00
-15.80
-10.39
Shares, basic (weighted)
1.4
2.05
3.95
Shares, diluted (weighted)
1.4
2.05
3.95
Balance sheet
FY2022
FY2024
FY2024
FY2025
Cash and equivalents
0.62
0
3.35
0.2
Receivables
0
0
0.01
Inventory
0.02
0.02
0.02
Other current assets
0.22
0.04
0.21
0.08
Total current assets
0.76
0.26
3.89
0.78
Property, plant and equipment
2.32
2.09
2.02
Intangible assets
1.97
1.99
Other non-current assets
0.04
Total assets
129
4.43
7.96
4.8
Accounts payable
0.44
0.14
2.14
3.51
Total current liabilities
0.91
Total liabilities
5.23
1.02
30.9
12
Paid-in capital
28.9
102
159
Retained earnings
-3.9
-25.4
-122
-163
Shareholders' equity
5.98
3.41
-22.9
-7.19
Total equity
5.98
3.41
-22.9
-7.19
Total liabilities and equity
129
4.43
7.96
4.8
Shares outstanding
1.4
2.63
7.47
Cash flow statement
FY2022
FY2024
FY2024
FY2025
Net income
0.59
-5.32
-32.4
-41
Depreciation and amortization
0.55
0.35
0.29
Stock-based compensation
2.37
2.95
Change in receivables
-0
0
-0
Change in inventory
-0
Change in payables
0.42
0.03
1.34
1.4
Cash from operations
-0.73
-4.07
-7.38
-4.54
Capital expenditures
-0.12
Purchases of investments
-126
Cash from investing
-126
-0.38
-0.25
-0.24
Stock issued
124
7.85
Cash from financing
127
3.82
11
1.63
Net change in cash
0.55
-0.62
3.35
-3.15
Free cash flow
-4.65
Interest paid
0.17
0.02
Income taxes paid
0.09
0.01
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $6.52 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
97.3%
Gross profit / revenue.
Operating margin
-5,072.0%
Operating income / revenue.
EBITDA margin
-4,958.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin
-23,853.0%
Pre-tax income / revenue.
Net margin
-23,853.0%
Net income / revenue.
Operating cash flow margin
-2,456.0%
Cash from operations / revenue.
Return on equity (ROE)
-241.8%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-161.9%
Net income / average total assets.
R&D / revenue
1,112.0%
Research and development expense / revenue.
SG&A / revenue
4,057.0%
Selling, general and administrative expense / revenue.
Stock-based pay / revenue
1,167.0%
Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue
113.9%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Total assets growth, 1y
-39.7%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
-66.6%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
92.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Days inventory + days sales outstanding - days payables.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$6.27
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.
Revenue per share
$0.03
Revenue / diluted weighted shares.
Operating cash flow per share
-$0.65
Cash from operations / diluted weighted shares.
Book value per share
$2.55
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
253x
Market cap / revenue.
P/B
2.56x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
2.82x
Market cap / tangible book value, when positive.
EV/Sales
127x
Enterprise value / revenue.
Earnings yield
-94.4%
Net income / market cap (the inverse of P/E).
What was Solidion Technology Inc.'s revenue in fiscal 2025?
Solidion Technology Inc. reported revenue of $13.4K for fiscal 2025.
Was Solidion Technology Inc. profitable in fiscal 2025?
No. It reported a net loss of $41.0M.
How much free cash flow did Solidion Technology Inc. generate in fiscal 2025?
Cash from operations of $4.5M minus capital expenditures of $117.8K left free cash flow of -$4.7M.
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.