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Solaris Energy Infrastructure Inc Financials

SEI
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Solaris Energy Infrastructure Inc (SEI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 58 / 100
Financial Profile 58/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
71

Solaris Energy Infrastructure Inc has an operating margin of 21.8%, meaning the company retains $22 of operating profit per $100 of revenue. This strong profitability earns a score of 71/100, reflecting efficient cost management and pricing power. This is up from 16.9% the prior year.

Growth
100

Solaris Energy Infrastructure Inc's revenue surged 98.7% year-over-year to $622.2M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
96

Solaris Energy Infrastructure Inc carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
57

Solaris Energy Infrastructure Inc's current ratio of 2.96 indicates adequate short-term liquidity, earning a score of 57/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
0

While Solaris Energy Infrastructure Inc generated $209.1M in operating cash flow, capex of $646.8M consumed most of it, leaving -$437.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
23

Solaris Energy Infrastructure Inc generates a 5.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is up from 4.5% the prior year.

Altman Z-Score Grey Zone
2.16

Solaris Energy Infrastructure Inc scores 2.16, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($3.2B) relative to total liabilities ($1.3B). This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral
6/9

Solaris Energy Infrastructure Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
6.93x

For every $1 of reported earnings, Solaris Energy Infrastructure Inc generates $6.93 in operating cash flow ($209.1M OCF vs $30.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
4.9x

Solaris Energy Infrastructure Inc earns $4.9 in operating income for every $1 of interest expense ($135.4M vs $27.6M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$622.2M
YoY+98.7%
5Y CAGR+43.3%
10Y CAGR+45.9%

Solaris Energy Infrastructure Inc generated $622.2M in revenue in fiscal year 2025. This represents an increase of 98.7% from the prior year.

EBITDA
$219.7M
YoY+119.6%
10Y CAGR+68.6%

Solaris Energy Infrastructure Inc's EBITDA was $219.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 119.6% from the prior year.

Net Income
$30.2M
YoY+90.8%

Solaris Energy Infrastructure Inc reported $30.2M in net income in fiscal year 2025. This represents an increase of 90.8% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
-$437.7M
YoY-239.1%

Solaris Energy Infrastructure Inc generated -$437.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 239.1% from the prior year.

Cash & Debt
$353.3M
YoY+209.2%
5Y CAGR+42.4%
10Y CAGR+48.2%

Solaris Energy Infrastructure Inc held $353.3M in cash against $180.0M in long-term debt as of fiscal year 2025.

Dividends Per Share
$0.48
YoY+0.0%
5Y CAGR+2.7%

Solaris Energy Infrastructure Inc paid $0.48 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
21.8%
YoY+4.9pp
5Y CAGR+79.9pp
10Y CAGR+30.3pp

Solaris Energy Infrastructure Inc's operating margin was 21.8% in fiscal year 2025, reflecting core business profitability. This is up 4.9 percentage points from the prior year.

Net Margin
4.9%
YoY-0.2pp
5Y CAGR+33.3pp
10Y CAGR+14.5pp

Solaris Energy Infrastructure Inc's net profit margin was 4.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.2 percentage points from the prior year.

Return on Equity
5.3%
YoY+0.9pp
5Y CAGR+19.9pp
10Y CAGR+7.4pp

Solaris Energy Infrastructure Inc's ROE was 5.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.9 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$0
YoY-100.0%

Solaris Energy Infrastructure Inc spent $0 on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 100.0% from the prior year.

Capital Expenditures
$646.8M
YoY+243.3%
5Y CAGR+168.2%
10Y CAGR+37.0%

Solaris Energy Infrastructure Inc invested $646.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 243.3% from the prior year.

SEI Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $179.7M+7.7% $166.8M+11.7% $149.3M+18.2% $126.3M+31.2% $96.3M+28.4% $75.0M+1.5% $73.9M+8.8% $67.9M
Cost of Revenue N/A N/A N/A N/A N/A $46.9M+1.7% $46.1M+15.7% $39.9M
Gross Profit N/A N/A N/A N/A N/A $28.1M+1.2% $27.8M-0.9% $28.0M
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $15.9M+2.5% $15.5M+4.3% $14.9M-2.5% $15.3M+44.5% $10.6M+20.1% $8.8M+6.5% $8.3M+3.4% $8.0M
Operating Income $39.8M+5.1% $37.9M+6.6% $35.6M+61.3% $22.1M-14.3% $25.7M+388.7% $5.3M-55.6% $11.9M+19.1% $10.0M
Interest Expense N/A N/A N/A N/A N/A N/A N/A -$799K
Income Tax $743K-81.7% $4.1M-31.8% $6.0M+52.1% $3.9M-9.8% $4.3M+844.1% $460K-65.8% $1.3M-27.6% $1.9M
Net Income -$1.7M-111.4% $14.6M+21.7% $12.0M+124.7% $5.3M-14.9% $6.3M+745.8% -$968K-115.6% $6.2M+43.8% $4.3M
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

SEI Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $2.1B+36.8% $1.6B+6.4% $1.5B+30.4% $1.1B-0.1% $1.1B+20.3% $939.5M+105.2% $457.8M+0.2% $457.1M
Current Assets $483.0M+84.7% $261.6M-7.4% $282.5M+123.9% $126.2M-49.7% $251.0M+27.4% $197.0M+163.6% $74.7M+18.9% $62.9M
Cash & Equivalents $353.3M+231.1% $106.7M+7.1% $99.6M+495.8% $16.7M-85.4% $114.3M+513.2% $18.6M+268.3% $5.1M+47.8% $3.4M
Inventory $14.4M+16.4% $12.4M+4.8% $11.8M+5.7% $11.2M+2.4% $10.9M-1.9% $11.2M+26.0% $8.9M+27.9% $6.9M
Accounts Receivable $103.1M-20.9% $130.4M+14.3% $114.1M+27.1% $89.8M+25.1% $71.8M N/A N/A N/A
Goodwill $105.4M-1.0% $106.4M+2.4% $104.0M0.0% $104.0M0.0% $104.0M+2.9% $101.0M+676.7% $13.0M0.0% $13.0M
Total Liabilities $1.3B+85.8% $708.1M-34.0% $1.1B+39.7% $768.5M-0.8% $774.8M+7.9% $717.8M+183.5% $253.2M-1.5% $256.9M
Current Liabilities $163.3M+49.5% $109.2M+20.4% $90.7M+20.3% $75.4M+15.1% $65.5M+20.0% $54.6M-8.5% $59.7M+69.0% $35.3M
Long-Term Debt $180.0M-53.0% $382.8M-0.9% $386.2M+27.1% $304.0M-1.2% $307.6M-1.2% $311.2M N/A N/A
Total Equity $564.3M+3.3% $546.6M+36.9% $399.1M+10.5% $361.3M+1.6% $355.6M+60.4% $221.7M+8.4% $204.6M+2.2% $200.1M
Retained Earnings $26.1M-23.5% $34.1M+34.3% $25.4M+38.7% $18.3M+3.6% $17.7M+17.2% $15.1M-23.5% $19.7M+15.0% $17.1M

SEI Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $95.9M+51.6% $63.3M+161.6% $24.2M-6.0% $25.7M+96.4% $13.1M+24.6% $10.5M-44.3% $18.9M+11.9% $16.9M
Capital Expenditures $254.5M+305.2% $62.8M-66.1% $185.1M+28.3% $144.3M+14.0% $126.7M+119.3% $57.7M+8610.0% $663K-80.3% $3.4M
Free Cash Flow -$158.6M-34421.2% $462K+100.3% -$160.9M-35.7% -$118.6M-4.5% -$113.6M-140.4% -$47.2M-359.3% $18.2M+34.7% $13.5M
Investing Cash Flow -$264.3M-210.6% -$85.1M+55.8% -$192.7M-33.5% -$144.3M-25.4% -$115.1M+38.2% -$186.3M-63704.5% -$292K+91.3% -$3.3M
Financing Cash Flow $415.0M+4042.9% -$10.5M-103.6% $290.8M+1284.9% -$24.5M-116.9% $145.3M-49.4% $287.3M+1794.9% -$16.9M-6.4% -$15.9M
Dividends Paid $6.4M+9.8% $5.8M+18.4% $4.9M+4.6% $4.7M+28.0% $3.7M-1.1% $3.7M+2.8% $3.6M-1.3% $3.6M
Share Buybacks N/A N/A N/A N/A $0 $0 $0-100.0% $8.1M

SEI Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A 37.5%-0.1pp 37.6%-3.7pp 41.3%
Operating Margin 22.2%-0.5pp 22.7%-1.1pp 23.8%+6.4pp 17.5%-9.3pp 26.7%+19.7pp 7.0%-9.0pp 16.0%+1.4pp 14.7%
Net Margin -0.9%-9.6pp 8.7%+0.7pp 8.0%+3.8pp 4.2%-2.3pp 6.5%+7.8pp -1.3%-9.7pp 8.4%+2.0pp 6.4%
Return on Equity -0.3%-2.9pp 2.7%-0.3pp 3.0%+1.5pp 1.5%-0.3pp 1.8%+2.2pp -0.4%-3.5pp 3.0%+0.9pp 2.2%
Return on Assets -0.1%-1.0pp 0.9%+0.1pp 0.8%+0.3pp 0.5%-0.1pp 0.5%+0.7pp -0.1%-1.5pp 1.4%+0.4pp 0.9%
Current Ratio 2.96+0.6 2.39-0.7 3.11+1.4 1.67-2.2 3.83+0.2 3.61+2.4 1.25-0.5 1.78
Debt-to-Equity 0.32-0.4 0.70-0.3 0.97+0.1 0.84-0.0 0.86-0.5 1.40+0.2 1.24-0.0 1.28
FCF Margin -88.2%-88.5pp 0.3%+108.1pp -107.8%-13.9pp -93.9%+24.0pp -117.9%-55.0pp -63.0%-87.6pp 24.6%+4.7pp 19.9%

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Frequently Asked Questions

Solaris Energy Infrastructure Inc (SEI) reported $622.2M in total revenue for fiscal year 2025. This represents a 98.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Solaris Energy Infrastructure Inc (SEI) revenue grew by 98.7% year-over-year, from $313.1M to $622.2M in fiscal year 2025.

Yes, Solaris Energy Infrastructure Inc (SEI) reported a net income of $30.2M in fiscal year 2025, with a net profit margin of 4.9%.

Solaris Energy Infrastructure Inc (SEI) had EBITDA of $219.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Solaris Energy Infrastructure Inc (SEI) had $353.3M in cash and equivalents against $180.0M in long-term debt.

Solaris Energy Infrastructure Inc (SEI) had an operating margin of 21.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Solaris Energy Infrastructure Inc (SEI) had a net profit margin of 4.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, Solaris Energy Infrastructure Inc (SEI) paid $0.48 per share in dividends during fiscal year 2025.

Solaris Energy Infrastructure Inc (SEI) has a return on equity of 5.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Solaris Energy Infrastructure Inc (SEI) generated -$437.7M in free cash flow during fiscal year 2025. This represents a -239.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Solaris Energy Infrastructure Inc (SEI) generated $209.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Solaris Energy Infrastructure Inc (SEI) had $2.1B in total assets as of fiscal year 2025, including both current and long-term assets.

Solaris Energy Infrastructure Inc (SEI) invested $646.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Solaris Energy Infrastructure Inc (SEI) had a current ratio of 2.96 as of fiscal year 2025, which is generally considered healthy.

Solaris Energy Infrastructure Inc (SEI) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Solaris Energy Infrastructure Inc (SEI) had a return on assets of 1.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Solaris Energy Infrastructure Inc (SEI) has an Altman Z-Score of 2.16, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Solaris Energy Infrastructure Inc (SEI) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Solaris Energy Infrastructure Inc (SEI) has an earnings quality ratio of 6.93x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Solaris Energy Infrastructure Inc (SEI) has an interest coverage ratio of 4.9x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Solaris Energy Infrastructure Inc (SEI) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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