SOLAI Financials

SLAI

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows SOLAI (SLAI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 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

Financial Profile 39/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

SOLAI has an operating margin of -24.3%, meaning the company retains $-24 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -58.5% the prior year.

Growth

SOLAI's revenue declined 23.6% year-over-year, from $43.1M to $32.9M. This contraction results in a growth score of 0/100.

Leverage

SOLAI carries a low D/E ratio of 0.34, meaning only $0.34 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 98/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

SOLAI's current ratio of 1.70 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

While SOLAI generated -$32.7M in operating cash flow, capex of $1.2M consumed most of it, leaving -$33.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

SOLAI earns a strong 21.2% return on equity (ROE), meaning it generates $21 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 85/100.

Piotroski F-Score Neutral

4/9

SOLAI passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

-2.71x

For every $1 of reported earnings, SOLAI generates $-2.71 in operating cash flow (-$32.7M OCF vs $12.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Revenue

$32.9M

YoY-23.6%

5Y CAGR+44.9%

10Y CAGR-9.9%

SOLAI generated $32.9M in revenue in fiscal year 2024. This represents a decrease of 23.6% from the prior year.

EBITDA

$3.5M

YoY+125.1%

10Y CAGR-18.0%

SOLAI's EBITDA was $3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 125.1% from the prior year.

Free Cash Flow

-$33.9M

YoY-13.7%

SOLAI generated -$33.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 13.7% from the prior year.

Net Income

$12.1M

YoY+142.1%

10Y CAGR-7.1%

SOLAI reported $12.1M in net income in fiscal year 2024. This represents an increase of 142.1% from the prior year.

EPS (Diluted)

$0.01

YoY+133.3%

10Y CAGR-17.7%

SOLAI earned $0.01 per diluted share (EPS) in fiscal year 2024. This represents an increase of 133.3% from the prior year.

Cash & Debt

$1.8M

YoY-44.2%

5Y CAGR-48.9%

10Y CAGR-31.1%

SOLAI held $1.8M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

Gross Margin

9.1%

YoY+2.0pp

5Y CAGR+62.5pp

SOLAI's gross margin was 9.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 2.0 percentage points from the prior year.

Operating Margin

-24.3%

YoY+34.1pp

5Y CAGR+1408.6pp

10Y CAGR-50.1pp

SOLAI's operating margin was -24.3% in fiscal year 2024, reflecting core business profitability. This is up 34.1 percentage points from the prior year.

Net Margin

36.7%

YoY+103.3pp

5Y CAGR+1866.2pp

10Y CAGR+9.6pp

SOLAI's net profit margin was 36.7% in fiscal year 2024, showing the share of revenue converted to profit. This is up 103.3 percentage points from the prior year.

Return on Equity

21.2%

10Y CAGR+7.2pp

SOLAI's ROE was 21.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$69K

YoY-92.1%

5Y CAGR-52.5%

10Y CAGR-38.9%

SOLAI invested $69K in research and development in fiscal year 2024. This represents a decrease of 92.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.2M

YoY-17.7%

5Y CAGR+16.8%

10Y CAGR-7.2%

SOLAI invested $1.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 17.7% from the prior year.

SLAI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$32.9M-23.6%	$43.1M-24.4%	$57.0M+6.1%	$53.8M+2381.3%	$2.2M-58.0%	$5.2M
Cost of Revenue	$29.9M-25.3%	$40.1M-34.5%	$61.2M+54.9%	$39.5M+1859.8%	$2.0M-74.5%	$7.9M
Gross Profit	$3.0M-2.0%	$3.0M+173.0%	-$4.2M-129.2%	$14.3M+9344.4%	$151K+105.5%	-$2.8M
R&D Expenses	$69K-92.1%	$874K-60.5%	$2.2M+76.1%	$1.3M-35.2%	$1.9M-32.1%	$2.9M
SG&A Expenses	$13.7M-25.8%	$18.5M-15.9%	$21.9M-1.4%	$22.3M+55.4%	$14.3M-23.3%	$18.7M
Operating Income	-$8.0M+68.2%	-$25.2M+71.9%	-$89.6M-102.3%	-$44.3M-160.9%	-$17.0M+77.0%	-$74.0M
Interest Expense	N/A	N/A	$218K-71.9%	$775K	N/A	$0
Income Tax	$0	$0	$0+100.0%	-$359K-1096.7%	-$30K+97.2%	-$1.1M
Net Income	$12.1M+142.1%	-$28.7M+81.5%	-$155.4M-149.1%	-$62.4M-92.5%	-$32.4M+65.7%	-$94.4M
EPS (Diluted)	$0.01+133.3%	$-0.03+83.3%	$-0.18-80.0%	$-0.10-42.9%	$-0.07	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SLAI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$86.3M+18.9%	$72.6M-16.4%	$86.8M-70.5%	$294.2M+308.1%	$72.1M-27.9%	$99.9M
Current Assets	$19.1M-43.4%	$33.9M-4.2%	$35.3M-62.1%	$93.3M+81.2%	$51.5M-16.7%	$61.8M
Cash & Equivalents	$1.8M-44.2%	$3.2M-41.0%	$5.5M-68.9%	$17.7M-62.6%	$47.3M-8.8%	$51.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.8M-35.8%	$2.9M-19.6%	$3.6M+385.1%	$737K	N/A	N/A
Goodwill	$0	$0	N/A	$26.6M	N/A	N/A
Total Liabilities	$19.6M-58.8%	$47.5M+40.9%	$33.7M-62.1%	$89.0M+626.1%	$12.3M-23.7%	$16.1M
Current Liabilities	$11.2M-75.0%	$44.9M+45.7%	$30.8M-63.5%	$84.4M+648.1%	$11.3M+1.8%	$11.1M
Long-Term Debt	N/A	N/A	N/A	N/A	$81K-81.0%	$426K
Total Equity	$56.9M+126.4%	$25.1M-52.7%	$53.1M-70.5%	$179.9M+190.9%	$61.8M-26.3%	$84.0M
Retained Earnings	-$557.9M+2.3%	-$570.9M-5.3%	-$542.2M-40.2%	-$386.8M-19.2%	-$324.4M-15.2%	-$281.6M

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Total Assets	$69.1M-20.0%	$86.3M+36.4%	$63.3M-12.8%	$72.6M-11.6%	$82.1M-5.4%	$86.8M-63.6%	$238.3M-19.0%	$294.2M
Current Assets	$10.5M-45.0%	$19.1M-37.3%	$30.5M-9.9%	$33.9M-10.6%	$37.9M+7.1%	$35.3M-56.8%	$81.7M-12.4%	$93.3M
Cash & Equivalents	$1.2M-32.3%	$1.8M-21.2%	$2.3M-29.2%	$3.2M-28.9%	$4.6M-17.0%	$5.5M-75.6%	$22.6M+27.7%	$17.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$1.4M-21.6%	$1.8M-39.9%	$3.1M+6.7%	$2.9M-30.4%	$4.1M+15.5%	$3.6M+185.5%	$1.3M+69.9%	$737K
Goodwill	N/A	$0	N/A	$0	N/A	N/A	$26.6M0.0%	$26.6M
Total Liabilities	$15.3M-21.9%	$19.6M+12.4%	$17.4M-63.4%	$47.5M+37.3%	$34.6M+2.6%	$33.7M-38.2%	$54.5M-38.8%	$89.0M
Current Liabilities	$11.3M+0.9%	$11.2M-28.0%	$15.6M-65.2%	$44.9M+39.4%	$32.2M+4.5%	$30.8M-39.4%	$50.9M-39.7%	$84.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$43.8M-23.0%	$56.9M+24.0%	$45.9M+82.6%	$25.1M-47.2%	$47.6M-10.4%	$53.1M-70.2%	$178.2M-0.9%	$179.9M
Retained Earnings	-$571.8M-2.5%	-$557.9M-1.2%	-$551.0M+3.5%	-$570.9M-4.2%	-$548.0M-1.1%	-$542.2M-32.6%	-$408.9M-5.7%	-$386.8M

SLAI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$32.7M-15.2%	-$28.4M+55.3%	-$63.6M-85.5%	-$34.3M-249.5%	-$9.8M+55.9%	-$22.3M
Capital Expenditures	$1.2M-17.7%	$1.4M-89.6%	$13.8M-75.6%	$56.6M+25055.1%	$225K-58.3%	$540K
Free Cash Flow	-$33.9M-13.7%	-$29.8M+61.4%	-$77.3M+14.9%	-$90.9M-805.8%	-$10.0M+56.0%	-$22.8M
Investing Cash Flow	$28.9M+10.3%	$26.2M+7.3%	$24.4M+132.3%	-$75.4M-2364.4%	$3.3M-65.3%	$9.6M
Financing Cash Flow	$2.4M	N/A	$29.8M-61.7%	$77.7M+1941575.0%	$4K-99.8%	$2.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SLAI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	9.1%+2.0pp	7.1%+14.4pp	-7.3%-33.8pp	26.5%+19.6pp	7.0%+60.4pp	-53.4%
Operating Margin	-24.3%+34.1pp	-58.5%+98.7pp	-157.2%-74.8pp	-82.4%+701.4pp	-783.9%+649.1pp	-1432.9%
Net Margin	36.7%+103.3pp	-66.6%+205.9pp	-272.5%-156.5pp	-116.1%+1379.7pp	-1495.7%+333.8pp	-1829.5%
Return on Equity	21.2%	N/A	N/A	N/A	N/A	N/A
Return on Assets	14.0%+53.5pp	-39.6%+139.5pp	-179.0%-157.8pp	-21.2%+23.7pp	-45.0%+49.5pp	-94.5%
Current Ratio	1.70+1.0	0.75-0.4	1.15+0.0	1.10-3.5	4.56-1.0	5.58
Debt-to-Equity	0.34-1.5	1.89+1.3	0.63+0.1	0.49+0.5	0.000.0	0.01
FCF Margin	-103.0%-33.8pp	-69.2%+66.4pp	-135.6%+33.4pp	-169.0%+293.9pp	-462.9%-21.2pp	-441.8%

Metric	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22	Q4'21
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	0.93-0.8	1.70-0.3	1.95+1.2	0.75-0.4	1.17+0.0	1.15-0.5	1.60+0.5	1.10
Debt-to-Equity	0.350.0	0.34-0.0	0.38-1.5	1.89+1.2	0.73+0.1	0.63+0.3	0.31-0.2	0.49
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is SOLAI's annual revenue?

SOLAI (SLAI) reported $32.9M in total revenue for fiscal year 2024. This represents a -23.6% 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.

How fast is SOLAI's revenue growing?

SOLAI (SLAI) revenue declined by 23.6% year-over-year, from $43.1M to $32.9M in fiscal year 2024.

Is SOLAI profitable?

Yes, SOLAI (SLAI) reported a net income of $12.1M in fiscal year 2024, with a net profit margin of 36.7%.

What is SOLAI's earnings per share (EPS)?

SOLAI (SLAI) reported diluted earnings per share of $0.01 for fiscal year 2024. This represents a 133.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is SOLAI's EBITDA?

SOLAI (SLAI) had EBITDA of $3.5M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is SOLAI's gross margin?

SOLAI (SLAI) had a gross margin of 9.1% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is SOLAI's operating margin?

SOLAI (SLAI) had an operating margin of -24.3% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is SOLAI's net profit margin?

SOLAI (SLAI) had a net profit margin of 36.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is SOLAI's return on equity (ROE)?

SOLAI (SLAI) has a return on equity of 21.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is SOLAI's free cash flow?

SOLAI (SLAI) generated -$33.9M in free cash flow during fiscal year 2024. This represents a -13.7% 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.

What is SOLAI's operating cash flow?

SOLAI (SLAI) generated -$32.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are SOLAI's total assets?

SOLAI (SLAI) had $86.3M in total assets as of fiscal year 2024, including both current and long-term assets.

What are SOLAI's capital expenditures?

SOLAI (SLAI) invested $1.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does SOLAI spend on research and development?

SOLAI (SLAI) invested $69K in research and development during fiscal year 2024.

What is SOLAI's current ratio?

SOLAI (SLAI) had a current ratio of 1.70 as of fiscal year 2024, which is generally considered healthy.

What is SOLAI's debt-to-equity ratio?

SOLAI (SLAI) had a debt-to-equity ratio of 0.34 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SOLAI's return on assets (ROA)?

SOLAI (SLAI) had a return on assets of 14.0% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is SOLAI's cash runway?

Based on fiscal year 2024 data, SOLAI (SLAI) had $1.8M in cash against an annual operating cash burn of $32.7M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is SOLAI's Piotroski F-Score?

SOLAI (SLAI) has a Piotroski F-Score of 4 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.

Are SOLAI's earnings high quality?

SOLAI (SLAI) has an earnings quality ratio of -2.71x, considered low quality (accrual-driven). 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.

How financially healthy is SOLAI?

SOLAI (SLAI) scores 39 out of 100 on our Financial Profile, indicating weak 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.