Solitron Devices Financials

SODI

Source SEC Filings (10-K/10-Q) Data as of Feb 28, 2026 Currency USD FYE February

This page shows Solitron Devices (SODI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 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).

Rhea AI SODI FY2025 2026-05-28

Solitron’s cash-generating operations are being absorbed by a renewed capex cycle, while tax effects blur the underlying earnings picture.

The sharp drop in net income to $815K is mostly optical, not operational. Operating income was almost unchanged at about $1.0M, so the earnings swing mainly reflects the disappearance of a prior-year $3.0M tax benefit rather than a collapse in the core business.

Cash conversion was better than accounting profit in FY2025: operating cash flow of $2.4M exceeded net income of $815K. Because inventory and receivables both fell while sales rose, the business released working capital instead of consuming it, which helped preserve cash and improve the quality of reported earnings.

Liquidity looks comfortable, with cash of $4.1M roughly matching long-term debt of $3.9M and a 5.0x current ratio. That flexibility is being used for reinvestment: free cash flow shrank to $560K after $1.8M of capital spending, and operating margin stayed near 7.0% rather than revisiting 18.6%, suggesting a less favorable cost or mix structure than at the earlier profit peak.

Financial Health Signals

Financial health score pending refresh

We are recalculating Solitron Devices's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Altman Z-Score Safe

7.86

Solitron Devices scores 7.86, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($57.3M) relative to total liabilities ($6.1M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral

6/9

Solitron Devices passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.67x

For every $1 of reported earnings, Solitron Devices generates $1.67 in operating cash flow ($1.4M OCF vs $807K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

6.2x

Solitron Devices earns $6.2 in operating income for every $1 of interest expense ($1.6M vs $263K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$17.0M

YoY+20.8%

5Y CAGR+10.0%

10Y CAGR+7.0%

Solitron Devices generated $17.0M in revenue in fiscal year 2026. This represents an increase of 20.8% from the prior year.

EBITDA

$2.2M

YoY+41.1%

5Y CAGR+9.5%

10Y CAGR+8.7%

Solitron Devices's EBITDA was $2.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 41.1% from the prior year.

Net Income

$807K

YoY-1.0%

5Y CAGR-10.2%

10Y CAGR-1.0%

Solitron Devices reported $807K in net income in fiscal year 2026. This represents a decrease of 1.0% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$1.0M

YoY+82.7%

5Y CAGR-8.5%

10Y CAGR+9.4%

Solitron Devices generated $1.0M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 82.7% from the prior year.

Cash & Debt

$3.9M

YoY-4.5%

5Y CAGR+0.7%

10Y CAGR+20.1%

Solitron Devices held $3.9M in cash against $3.8M in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

YoY+3.1%

5Y CAGR+0.6%

10Y CAGR-0.1%

Solitron Devices had 2M shares outstanding in fiscal year 2026. This represents an increase of 3.1% from the prior year.

Margins & Returns

Gross Margin

30.2%

YoY+1.7pp

5Y CAGR-1.0pp

10Y CAGR+4.0pp

Solitron Devices's gross margin was 30.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 1.7 percentage points from the prior year.

Operating Margin

9.5%

YoY+2.4pp

5Y CAGR-1.6pp

10Y CAGR+1.2pp

Solitron Devices's operating margin was 9.5% in fiscal year 2026, reflecting core business profitability. This is up 2.4 percentage points from the prior year.

Net Margin

4.8%

YoY-1.0pp

5Y CAGR-8.3pp

10Y CAGR-5.6pp

Solitron Devices's net profit margin was 4.8% in fiscal year 2026, showing the share of revenue converted to profit. This is down 1.0 percentage points from the prior year.

Return on Equity

4.1%

YoY-0.5pp

5Y CAGR-15.8pp

10Y CAGR-3.6pp

Solitron Devices's ROE was 4.1% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 0.5 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$63K

5Y CAGR+60.0%

Solitron Devices spent $63K on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$327K

YoY-82.2%

5Y CAGR+34.2%

10Y CAGR+4.8%

Solitron Devices invested $327K in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 82.2% from the prior year.

SODI Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$17.0M+20.8%	$14.0M+10.1%	$12.8M+99.1%	$6.4M-47.9%	$12.3M+16.6%	$10.5M
Cost of Revenue	$11.9M+17.8%	$10.1M+12.4%	$8.9M+78.8%	$5.0M-33.1%	$7.5M+3.1%	$7.3M
Gross Profit	$5.1M+28.2%	$4.0M+4.9%	$3.8M+171.7%	$1.4M-70.8%	$4.8M+46.4%	$3.3M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$3.5M+16.9%	$3.0M+4.2%	$2.9M+40.0%	$2.1M-18.1%	$2.5M+18.9%	$2.1M
Operating Income	$1.6M+62.1%	$998K+6.9%	$934K+243.5%	-$651K-128.4%	$2.3M+96.1%	$1.2M
Interest Expense	$263K-3.3%	$272K+53.7%	$177K+63.9%	$108K+4.9%	$103K+1960.0%	$5K
Income Tax	$289K+62.4%	$178K+105.9%	-$3.0M	$0	$0	$0
Net Income	$807K-1.0%	$815K-86.0%	$5.8M+602.3%	$826K-76.5%	$3.5M+154.0%	$1.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$5.3M+4.8%	$5.0M+26.0%	$4.0M+47.6%	$2.7M-13.8%	$3.1M-7.0%	$3.4M-5.9%	$3.6M-9.7%	$4.0M
Cost of Revenue	$3.1M-6.3%	$3.3M+4.7%	$3.2M+36.4%	$2.3M-9.6%	$2.6M+7.9%	$2.4M-16.7%	$2.8M+24.0%	$2.3M
Gross Profit	$2.2M+26.0%	$1.7M+106.3%	$835K+114.1%	$390K-32.5%	$578K-42.3%	$1.0M+35.6%	$738K-55.9%	$1.7M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$813K+2.4%	$794K-29.5%	$1.1M+46.6%	$768K+2.7%	$748K+10.8%	$675K-1.9%	$688K-22.1%	$883K
Operating Income	$1.4M+46.2%	$929K+419.2%	-$291K+23.0%	-$378K-122.4%	-$170K-152.1%	$326K+552.0%	$50K-93.7%	$792K
Interest Expense	$58K-10.8%	$65K-1.5%	$66K-10.8%	$74K-5.1%	$78K+16.4%	$67K-13.0%	$77K+54.0%	$50K
Income Tax	$255K+5.8%	$241K+380.2%	-$86K+28.9%	-$121K+11.0%	-$136K-241.7%	$96K+1500.0%	$6K-97.2%	$212K
Net Income	$724K+10.9%	$653K+379.1%	-$234K+30.4%	-$336K-489.5%	-$57K-121.4%	$266K+1464.7%	$17K-97.1%	$589K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

SODI Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$25.9M+6.2%	$24.4M-1.2%	$24.7M+63.8%	$15.1M+5.2%	$14.4M+57.9%	$9.1M
Current Assets	$11.6M+7.8%	$10.7M+1.0%	$10.6M+37.3%	$7.7M-12.3%	$8.8M+4.6%	$8.4M
Cash & Equivalents	$3.9M-4.5%	$4.1M+84.9%	$2.2M+53.2%	$1.4M-64.6%	$4.1M+8.0%	$3.8M
Inventory	$4.1M+20.1%	$3.4M-16.7%	$4.1M+71.1%	$2.4M+6.9%	$2.3M	N/A
Accounts Receivable	$3.4M+58.1%	$2.1M-24.7%	$2.8M+260.5%	$784K-50.7%	$1.6M+21.8%	$1.3M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.1M-6.3%	$6.6M-14.6%	$7.7M+99.9%	$3.8M-2.0%	$3.9M+81.3%	$2.2M
Current Liabilities	$2.5M+19.2%	$2.1M-51.5%	$4.4M+268.7%	$1.2M+2.6%	$1.2M-16.2%	$1.4M
Long-Term Debt	$3.8M-3.9%	$3.9M+47.9%	$2.6M0.0%	$2.6M-3.9%	$2.8M	$0
Total Equity	$19.8M+10.7%	$17.9M+4.8%	$17.1M+51.5%	$11.3M+7.9%	$10.4M+50.6%	$6.9M
Retained Earnings	$18.2M+4.6%	$17.4M+4.9%	$16.6M+53.6%	$10.8M+8.3%	$10.0M+54.1%	$6.5M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$25.9M+1.1%	$25.7M+4.4%	$24.6M+2.5%	$24.0M-1.8%	$24.4M+0.2%	$24.4M-2.0%	$24.9M+0.5%	$24.8M
Current Assets	$11.6M+5.5%	$11.0M+15.9%	$9.5M+7.7%	$8.8M-18.1%	$10.7M-1.4%	$10.9M-3.0%	$11.2M+2.7%	$10.9M
Cash & Equivalents	$3.9M+8.7%	$3.6M+26.4%	$2.9M+10.9%	$2.6M-37.3%	$4.1M+10.0%	$3.7M+12.8%	$3.3M+37.4%	$2.4M
Inventory	$4.1M+13.5%	$3.6M+10.4%	$3.3M-8.2%	$3.6M+4.4%	$3.4M-14.0%	$4.0M-5.3%	$4.2M-6.0%	$4.5M
Accounts Receivable	$3.4M+5.6%	$3.2M+31.3%	$2.4M+38.7%	$1.8M-17.8%	$2.1M+18.7%	$1.8M-18.4%	$2.2M-11.8%	$2.5M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$6.1M-8.3%	$6.7M-4.4%	$7.0M+8.8%	$6.4M-1.7%	$6.6M+1.5%	$6.5M-10.6%	$7.2M+1.6%	$7.1M
Current Liabilities	$2.5M-17.0%	$3.0M-0.5%	$3.1M+24.5%	$2.5M+15.8%	$2.1M+6.7%	$2.0M-26.8%	$2.7M+6.0%	$2.6M
Long-Term Debt	$3.8M-1.0%	$3.8M-1.0%	$3.8M-1.0%	$3.9M-0.9%	$3.9M-0.9%	$4.0M	N/A	N/A
Total Equity	$19.8M+4.4%	$19.0M+7.9%	$17.6M+0.2%	$17.5M-1.9%	$17.9M-0.3%	$17.9M+1.5%	$17.7M+0.1%	$17.7M
Retained Earnings	$18.2M+4.1%	$17.5M+3.9%	$16.9M-1.4%	$17.1M-1.9%	$17.4M-0.3%	$17.5M+1.5%	$17.2M+0.1%	$17.2M

SODI Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$1.4M-43.7%	$2.4M+25.1%	$1.9M+99.3%	$962K-71.1%	$3.3M+99.2%	$1.7M
Capital Expenditures	$327K-82.2%	$1.8M+417.7%	$355K-83.8%	$2.2M-55.3%	$4.9M+6420.0%	$75K
Free Cash Flow	$1.0M+82.7%	$560K-64.1%	$1.6M+227.4%	-$1.2M+21.2%	-$1.6M-197.3%	$1.6M
Investing Cash Flow	-$2.1M-22.0%	-$1.8M-68.8%	-$1.0M+70.3%	-$3.5M+40.7%	-$5.9M-26668.2%	-$22K
Financing Cash Flow	$600K-51.4%	$1.2M+1221.8%	-$110K+1.8%	-$112K-103.9%	$2.9M+256.8%	$801K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$63K	$0	N/A	N/A	$0-100.0%	$6K

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$725K+577.0%	-$152K-139.4%	$386K-1.3%	$391K+15.7%	$338K-33.9%	$511K-38.8%	$835K+16.9%	$714K
Capital Expenditures	$228K+985.7%	$21K-47.5%	$40K+5.3%	$38K-24.0%	$50K+92.3%	$26K+116.7%	$12K-99.3%	$1.8M
Free Cash Flow	$497K+387.3%	-$173K-150.0%	$346K-2.0%	$353K+22.6%	$288K-40.6%	$485K-41.1%	$823K+179.4%	-$1.0M
Investing Cash Flow	-$465K-314.3%	$217K+5525.0%	-$4K+99.8%	-$1.9M-2752.1%	$71K+231.5%	-$54K-155.7%	$97K+105.2%	-$1.9M
Financing Cash Flow	$52K-92.4%	$687K+773.5%	-$102K-175.7%	-$37K0.0%	-$37K-12.1%	-$33K0.0%	-$33K-102.5%	$1.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$0	$0	N/A	N/A	$0+100.0%	-$35K	N/A	N/A

SODI Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	30.2%+1.7pp	28.4%-1.4pp	29.8%+8.0pp	21.9%-17.2pp	39.1%+8.0pp	31.1%
Operating Margin	9.5%+2.4pp	7.1%-0.2pp	7.3%+17.5pp	-10.2%-28.8pp	18.7%+7.6pp	11.1%
Net Margin	4.8%-1.0pp	5.8%-39.7pp	45.5%+32.6pp	12.9%-15.7pp	28.6%+15.5pp	13.1%
Return on Equity	4.1%-0.5pp	4.6%-29.4pp	34.0%+26.7pp	7.3%-26.3pp	33.6%+13.7pp	19.9%
Return on Assets	3.1%-0.2pp	3.3%-20.1pp	23.4%+18.0pp	5.5%-19.0pp	24.4%+9.2pp	15.2%
Current Ratio	4.56-0.5	5.04+2.6	2.42-4.1	6.50-1.1	7.61+1.5	6.10
Debt-to-Equity	0.19-0.0	0.22+0.1	0.16-0.1	0.23-0.0	0.26+0.3	0.00
FCF Margin	6.0%+2.0pp	4.0%-8.2pp	12.2%+31.4pp	-19.1%-6.5pp	-12.7%-27.8pp	15.2%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	41.3%+7.0pp	34.3%+13.4pp	20.9%+6.5pp	14.4%-4.0pp	18.4%-11.3pp	29.7%+9.1pp	20.6%-21.6pp	42.2%
Operating Margin	25.8%+7.3pp	18.5%+25.8pp	-7.3%+6.7pp	-14.0%-8.6pp	-5.4%-15.1pp	9.7%+8.3pp	1.4%-18.6pp	20.0%
Net Margin	13.8%+0.8pp	13.0%+18.9pp	-5.9%+6.6pp	-12.4%-10.6pp	-1.8%-9.7pp	7.9%+7.4pp	0.5%-14.4pp	14.8%
Return on Equity	3.7%+0.2pp	3.4%+4.8pp	-1.3%+0.6pp	-1.9%-1.6pp	-0.3%-1.8pp	1.5%+1.4pp	0.1%-3.2pp	3.3%
Return on Assets	2.8%+0.3pp	2.5%+3.5pp	-0.9%+0.5pp	-1.4%-1.2pp	-0.2%-1.3pp	1.1%+1.0pp	0.1%-2.3pp	2.4%
Current Ratio	4.56+1.0	3.59+0.5	3.08-0.5	3.57-1.5	5.04-0.4	5.46+1.3	4.12-0.1	4.25
Debt-to-Equity	0.19-0.0	0.20-0.0	0.220.0	0.220.0	0.220.0	0.22-0.2	0.410.0	0.40
FCF Margin	9.4%+12.9pp	-3.4%-12.1pp	8.7%-4.4pp	13.1%+3.9pp	9.2%-5.2pp	14.4%-8.6pp	23.0%+49.1pp	-26.1%

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Frequently Asked Questions

What is Solitron Devices's annual revenue?

Solitron Devices (SODI) reported $17.0M in total revenue for fiscal year 2026. This represents a 20.8% 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 Solitron Devices's revenue growing?

Solitron Devices (SODI) revenue grew by 20.8% year-over-year, from $14.0M to $17.0M in fiscal year 2026.

Is Solitron Devices profitable?

Yes, Solitron Devices (SODI) reported a net income of $807K in fiscal year 2026, with a net profit margin of 4.8%.

What is Solitron Devices's EBITDA?

Solitron Devices (SODI) had EBITDA of $2.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Solitron Devices have?

As of fiscal year 2026, Solitron Devices (SODI) had $3.9M in cash and equivalents against $3.8M in long-term debt.

What is Solitron Devices's gross margin?

Solitron Devices (SODI) had a gross margin of 30.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Solitron Devices's operating margin?

Solitron Devices (SODI) had an operating margin of 9.5% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Solitron Devices's net profit margin?

Solitron Devices (SODI) had a net profit margin of 4.8% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Solitron Devices's return on equity (ROE)?

Solitron Devices (SODI) has a return on equity of 4.1% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Solitron Devices's free cash flow?

Solitron Devices (SODI) generated $1.0M in free cash flow during fiscal year 2026. This represents a 82.7% 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 Solitron Devices's operating cash flow?

Solitron Devices (SODI) generated $1.4M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Solitron Devices's total assets?

Solitron Devices (SODI) had $25.9M in total assets as of fiscal year 2026, including both current and long-term assets.

What are Solitron Devices's capital expenditures?

Solitron Devices (SODI) invested $327K in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Solitron Devices buy back shares?

Yes, Solitron Devices (SODI) spent $63K on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Solitron Devices have outstanding?

Solitron Devices (SODI) had 2M shares outstanding as of fiscal year 2026.

What is Solitron Devices's current ratio?

Solitron Devices (SODI) had a current ratio of 4.56 as of fiscal year 2026, which is generally considered healthy.

What is Solitron Devices's debt-to-equity ratio?

Solitron Devices (SODI) had a debt-to-equity ratio of 0.19 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Solitron Devices's return on assets (ROA)?

Solitron Devices (SODI) had a return on assets of 3.1% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Solitron Devices's Altman Z-Score?

Solitron Devices (SODI) has an Altman Z-Score of 7.86, placing it in the Safe Zone (low bankruptcy 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.

What is Solitron Devices's Piotroski F-Score?

Solitron Devices (SODI) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Solitron Devices's earnings high quality?

Solitron Devices (SODI) has an earnings quality ratio of 1.67x, 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.

Can Solitron Devices cover its interest payments?

Solitron Devices (SODI) has an interest coverage ratio of 6.2x, meaning it can comfortably 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.