What is Solitario Resources Corp's earnings per share (EPS)?

Solitario Resources Corp (XPL) reported diluted earnings per share of $-0.04 for fiscal year 2025. This represents a 42.9% 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.

Solitario Resources Corp Financials

XPL

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Solitario Resources Corp (XPL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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 XPL FY2025 2026-05-06

Solitario operates as a cash-consuming asset vehicle, sustained mainly by new equity funding rather than creditors.

In FY2025, net loss and operating cash burn moved together at -$3.8M and -$3.6M, so the losses are showing up as real cash use rather than an accounting-only gap. What kept the balance sheet intact was external funding: financing inflows of $5.3M outweighed year-end cash of just $82K, extending a pattern also visible in FY2023 and FY2024.

The balance sheet is lightly encumbered: total liabilities were only $360K against $25.0M of assets. That leaves little evidence of creditor pressure or interest burden, so the main financing question is how often shareholders must replenish operating cash, not whether lenders can force retrenchment.

Since FY2023, the company has used equity as its refill valve, with financing inflows appearing in each of the last three years while shares outstanding climbed from 79.6M to 90.9M. Assets recovered to $25.0M in FY2025 from $23.0M in FY2024, suggesting the capital raises are helping preserve and rebuild the balance sheet even though the business is still not self-funding.

Financial Health Signals

Financial Profile 33/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Solitario Resources Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage

100

Solitario Resources Corp carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

100

With a current ratio of 37.26, Solitario Resources Corp holds $37.26 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Returns

Solitario Resources Corp generates a -15.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -23.8% the prior year.

Piotroski F-Score Weak

3/9

Solitario Resources Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.93x

For every $1 of reported earnings, Solitario Resources Corp generates $0.93 in operating cash flow (-$3.6M OCF vs -$3.8M 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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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

-$3.8M

YoY+28.6%

Solitario Resources Corp reported -$3.8M in net income in fiscal year 2025. This represents an increase of 28.6% from the prior year.

EPS (Diluted)

$-0.04

YoY+42.9%

Solitario Resources Corp earned $-0.04 per diluted share (EPS) in fiscal year 2025. This represents an increase of 42.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$82K

YoY+1.2%

5Y CAGR-32.9%

10Y CAGR-41.6%

Solitario Resources Corp held $82K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

91M

YoY+11.3%

5Y CAGR+9.4%

10Y CAGR+8.8%

Solitario Resources Corp had 91M shares outstanding in fiscal year 2025. This represents an increase of 11.3% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

-15.5%

YoY+8.3pp

5Y CAGR-11.5pp

10Y CAGR-65.2pp

Solitario Resources Corp's ROE was -15.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 8.3 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

XPL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	N/A	N/A	N/A	N/A	N/A	$0
Cost of Revenue	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
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.6M-16.7%	$1.9M+9.8%	$1.7M+25.9%	$1.4M+42.9%	$952K-8.8%	$1.0M
Operating Income	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
Income Tax	$0	$0	$0	$0	$0	$0
Net Income	-$3.8M+28.6%	-$5.4M-43.0%	-$3.8M+4.4%	-$3.9M-65.9%	-$2.4M-152.1%	-$939K
EPS (Diluted)	$-0.04+42.9%	$-0.07	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	$376K	N/A	$379K-2.3%	$388K-20.8%	$490K	N/A	$383K-41.6%	$656K
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	-$494K	N/A	-$1.9M-98.3%	-$943K-84.5%	-$511K	N/A	-$2.3M-198.7%	-$762K
EPS (Diluted)	$-0.01	N/A	$-0.02-100.0%	$-0.010.0%	$-0.01	N/A	$-0.03-200.0%	$-0.01

XPL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$25.0M+8.6%	$23.0M-13.9%	$26.8M+21.4%	$22.0M-6.7%	$23.6M-0.8%	$23.8M
Current Assets	$8.0M+33.7%	$6.0M-39.7%	$9.9M+89.2%	$5.3M-26.6%	$7.2M-11.1%	$8.0M
Cash & Equivalents	$82K+1.2%	$81K-59.5%	$200K-36.7%	$316K-31.6%	$462K-23.6%	$605K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$360K-30.8%	$520K-35.6%	$807K+108.0%	$388K-11.0%	$436K+45.8%	$299K
Current Liabilities	$215K-41.6%	$368K-41.8%	$632K+140.3%	$263K-4.7%	$276K+58.6%	$174K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$24.7M+9.5%	$22.5M-13.2%	$25.9M+19.9%	$21.6M-6.6%	$23.2M-1.4%	$23.5M
Retained Earnings	-$66.8M-6.1%	-$63.0M-9.3%	-$57.6M-7.0%	-$53.9M-7.9%	-$50.0M-5.0%	-$47.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$25.9M+3.3%	$25.0M-1.3%	$25.4M-4.8%	$26.7M+16.1%	$23.0M-0.3%	$23.0M-7.5%	$24.9M-6.4%	$26.6M
Current Assets	$8.8M+10.5%	$8.0M-4.3%	$8.4M-13.2%	$9.6M+62.6%	$5.9M-1.0%	$6.0M-24.9%	$8.0M-17.3%	$9.7M
Cash & Equivalents	$167K+103.7%	$82K-86.4%	$602K+41.6%	$425K+1.4%	$419K+417.3%	$81K-5.8%	$86K-51.1%	$176K
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$416K+15.6%	$360K-42.9%	$630K-0.8%	$635K-5.9%	$675K+29.8%	$520K-43.8%	$925K+82.8%	$506K
Current Liabilities	$271K+26.0%	$215K-55.7%	$485K-1.0%	$490K-7.5%	$530K+44.0%	$368K-51.7%	$762K+116.5%	$352K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$25.4M+3.1%	$24.7M-0.3%	$24.7M-4.9%	$26.0M+16.8%	$22.3M-1.0%	$22.5M-6.1%	$24.0M-8.1%	$26.1M
Retained Earnings	-$67.3M-0.7%	-$66.8M-0.8%	-$66.3M-2.9%	-$64.5M-1.5%	-$63.5M-0.8%	-$63.0M-2.6%	-$61.4M-3.8%	-$59.1M

XPL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$3.6M+30.0%	-$5.1M-56.3%	-$3.3M-12.5%	-$2.9M-34.4%	-$2.2M-113.6%	-$1.0M
Capital Expenditures	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
Investing Cash Flow	-$1.8M-145.1%	$3.9M+189.3%	-$4.4M-729.0%	$701K+678.9%	$90K-90.8%	$976K
Financing Cash Flow	$5.3M+320.4%	$1.3M-83.2%	$7.6M+268.0%	$2.1M+6.7%	$1.9M+2860.0%	$65K
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	$0-100.0%	$5K

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$473K+6.5%	-$506K+69.6%	-$1.7M-107.1%	-$803K-34.3%	-$598K+65.8%	-$1.7M+1.7%	-$1.8M-207.4%	-$579K
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	-$643K-1360.8%	$51K-96.3%	$1.4M+136.5%	-$3.7M-781.1%	$550K-70.7%	$1.9M+13.6%	$1.6M+427.4%	-$504K
Financing Cash Flow	$1.2M+627.9%	$165K-65.0%	$471K-89.7%	$4.6M+2819.9%	$156K	$0-100.0%	$40K-96.7%	$1.2M
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

XPL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	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
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	-15.5%+8.3pp	-23.8%-9.4pp	-14.5%+3.7pp	-18.1%-7.9pp	-10.2%-6.2pp	-4.0%
Return on Assets	-15.3%+8.0pp	-23.3%-9.3pp	-14.0%+3.8pp	-17.8%-7.8pp	-10.0%-6.1pp	-4.0%
Current Ratio	37.26+21.0	16.28+0.6	15.73-4.2	19.98-6.0	25.94-20.3	46.26
Debt-to-Equity	0.010.0	0.020.0	0.03+0.0	0.020.0	0.020.0	0.01
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	-1.9%	N/A	-7.6%-3.9pp	-3.6%-1.3pp	-2.3%	N/A	-9.5%-6.6pp	-2.9%
Return on Assets	-1.9%	N/A	-7.4%-3.8pp	-3.5%-1.3pp	-2.2%	N/A	-9.1%-6.3pp	-2.9%
Current Ratio	32.66-4.6	37.26+20.0	17.26-2.4	19.69+8.5	11.20-5.1	16.28+5.8	10.48-17.0	27.44
Debt-to-Equity	0.020.0	0.01-0.0	0.030.0	0.020.0	0.030.0	0.02-0.0	0.04+0.0	0.02
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

Is Solitario Resources Corp profitable?

No, Solitario Resources Corp (XPL) reported a net income of -$3.8M in fiscal year 2025.

What is Solitario Resources Corp's return on equity (ROE)?

Solitario Resources Corp (XPL) has a return on equity of -15.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Solitario Resources Corp's operating cash flow?

Solitario Resources Corp (XPL) generated -$3.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Solitario Resources Corp's total assets?

Solitario Resources Corp (XPL) had $25.0M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Solitario Resources Corp have outstanding?

Solitario Resources Corp (XPL) had 91M shares outstanding as of fiscal year 2025.

What is Solitario Resources Corp's current ratio?

Solitario Resources Corp (XPL) had a current ratio of 37.26 as of fiscal year 2025, which is generally considered healthy.

What is Solitario Resources Corp's debt-to-equity ratio?

Solitario Resources Corp (XPL) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Solitario Resources Corp's return on assets (ROA)?

Solitario Resources Corp (XPL) had a return on assets of -15.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Solitario Resources Corp's cash runway?

Based on fiscal year 2025 data, Solitario Resources Corp (XPL) had $82K in cash against an annual operating cash burn of $3.6M. This gives an estimated cash runway of approximately 0 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 Solitario Resources Corp's Piotroski F-Score?

Solitario Resources Corp (XPL) has a Piotroski F-Score of 3 out of 9, indicating weak 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 Solitario Resources Corp's earnings high quality?

Solitario Resources Corp (XPL) has an earnings quality ratio of 0.93x, 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 Solitario Resources Corp?

Solitario Resources Corp (XPL) scores 33 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.