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Financial statements

SOL Strategies Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data SOL Strategies Inc. files with the SEC in its annual reports.

In CAD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue10.714.6
Pre-tax income8.19-44.8
Income tax1.58-9.78
Net income6.61-35
EPS, basic0.35-1.74
EPS, diluted0.35-1.74

Balance sheet

FY2025FY2025
Cash and equivalents1.811.79
Receivables0.010.17
Total current assets1.813.55
Property, plant and equipment0.02
Intangible assets38.8
Total assets28.9170
Accounts payable0.232.32
Total current liabilities1.7833
Total liabilities2.1854.8
Retained earnings-10.4-47.1
Shareholders' equity26.7115
Total equity26.7115
Total liabilities and equity28.9170

Cash flow statement

FY2025FY2025
Net income6.61-35
Depreciation and amortization0.0310.2
Cash from operations-0.86-11
Capital expenditures-0.03
Cash from investing1.51-73.2
Debt issued27.2
Cash from financing-0.7784.2
Net change in cash-0.12-0.02
Free cash flow-11

Key metrics

Worked out from the statements above. Latest values use fiscal 2025. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Pre-tax margin-307.7%Pre-tax income / revenue.
Net margin-240.6%Net income / revenue.
FCF margin-75.7%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-75.5%Cash from operations / revenue.
Return on equity (ROE)-49.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-35.3%Net income / average total assets.
Capex / revenue0.2%Capital expenditures / revenue.
D&A / revenue70.1%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y36.5%Revenue vs the same period a year earlier. Only from a positive base.
Net income growth, 1y-630.2%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-597.1%EPS vs the same period a year earlier. Only from a positive base.
Book value growth, 1y329.5%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y486.8%Total assets vs the same period a year earlier. Only from a positive base.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.11xCurrent assets / current liabilities.
Quick ratio0.06x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.05x(Cash + short-term investments) / current liabilities.
Liabilities / assets32.3%Total liabilities / total assets.
Working capital-CA$29.4MCurrent assets - current liabilities.
Goodwill and intangibles / assets22.9%(Goodwill + intangible assets) / total assets.
Tangible book valueCA$76.0MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.15xRevenue / average total assets.
Fixed asset turnover717xRevenue / average property, plant and equipment.
Receivables turnover168xRevenue / average receivables.
Days sales outstanding2 days365 x average receivables / revenue.

Per share

MetricValueHow it is calculated
EPS, diluted-CA$1.74Net 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-CA$1.74Net income per basic share, as reported (split-adjusted).
What was SOL Strategies Inc.'s revenue in fiscal 2025?

SOL Strategies Inc. reported revenue of CA$14.6M for fiscal 2025, 36.5% higher than the year before.

Was SOL Strategies Inc. profitable in fiscal 2025?

No. It reported a net loss of CA$35.0M.

How much free cash flow did SOL Strategies Inc. generate in fiscal 2025?

Cash from operations of CA$11.0M minus capital expenditures of CA$27.2K left free cash flow of -CA$11.0M.

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.

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