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Solitario Resources Corp. (XPL) Financials

XPL
FY2025 annual
Revenue Not reported for FY2025
Net Income -$3.8M +28.6% YoY
EPS (Diluted) -$0.04 +42.9% YoY
Operating Cash Flow -$3.6M +30.0% YoY
Market Cap $52.9M as of Oct 8, 2026
Price / Sales n/m no revenue reported
Price / Earnings n/m net loss, so no earnings multiple, FY2025
Price / Book 2.1x on $25.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the XPL SEC filings page.

This page shows Solitario Resources Corp. (XPL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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

The reported business consumes cash and relies on outside funding, while liabilities remain small and operating revenue is not shown.

In FY2025, the net loss narrowed to $3.8M and operating cash flow improved from the prior year, so accounting and cash results moved together rather than being separated by working-capital effects. The combination of continuing cash use with $5.3M of financing inflow indicates the year’s improvement did not remove dependence on external funding.

The balance sheet is lightly encumbered: FY2025 total liabilities were $360K against $24.7M of equity. The reported liquidity measure was 25.7 months of latest annual operating outflow, but that comparison does not make operations self-funding.

Selling, general and administrative expense fell to $1.6M in FY2025 from $1.9M in FY2024, indicating some cost restraint rather than growth-led operating leverage. Even so, financing cash flow remained central to funding the reported activity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Solitario Resources Corp. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/6

Solitario Resources Corp. passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality No Cash Backing
N/A

Solitario Resources Corp. reported a net loss of $3.8M while operations used $3.6M of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Net Income
-$1.8M
YoY-94.1%
QoQ-270.4%

Solitario Resources Corp. reported -$1.8M in net income in Q2 2026. This represents a decrease of 94.1% from the same quarter a year earlier. Against the prior quarter it is down 270.4%.

EPS (Diluted)
-$0.02
YoY-100.0%

Solitario Resources Corp. earned -$0.02 per diluted share (EPS) in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$509K
YoY+19.8%
QoQ+204.8%
5Y CAGR+4.7%
10Y CAGR+7.3%

Solitario Resources Corp. held $509K in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
95M
YoY+5.0%
5Y CAGR+10.1%
10Y CAGR+9.3%

Solitario Resources Corp. had 95M shares outstanding in Q2 2026. This represents an increase of 5.0% from the same quarter a year earlier.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Return on Equity
-7.2%
YoY-3.6pp
QoQ-5.3pp

Solitario Resources Corp.'s ROE was -7.2% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 3.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

XPL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XPL quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/AQ3'2410-Q
SG&A Expenses$451K+16.2%$376K-23.3%N/A$379K-1.0%$388K-40.9%$490K+3.8%N/A$383K+35.8%
Net Income-$1.8M-94.1%-$494K+3.3%N/A-$1.9M+17.8%-$943K-23.8%-$511K+30.0%N/A-$2.3M-76.2%
EPS (Basic)N/AN/AN/AN/AN/AN/A-$0.02-100.0%-$0.03-50.0%
EPS (Diluted)-$0.02-100.0%-$0.010.0%$0.00+100.0%-$0.02+33.3%-$0.010.0%-$0.010.0%-$0.02-$0.03
Diluted Shares (Avg)94M+11.4%92M+12.2%N/A90,291+10.7%84M+3.7%82M+2.6%N/A81,597

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA, Interest Expense, Income Tax.

XPL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XPL quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/AQ3'2410-Q
Total Assets$26.2M-1.6%$25.9M+12.6%$25.0M+8.6%$25.4M+1.8%$26.7M+0.2%$23.0M-10.7%$23.0M-13.9%$24.9M+12.7%
Current Assets$9.2M-4.3%$8.8M+49.1%$8.0M+33.7%$8.4M+4.8%$9.6M-0.1%$5.9M-33.4%$6.0M-39.7%$8.0M+51.2%
Cash & Equivalents$509K+19.8%$167K-60.1%$82K+1.2%$602K+600.0%$425K+141.5%$419K+197.2%$81K-59.5%$86K-48.8%
Short-Term Investments$8.5M-3.7%$8.3M+108.3%$7.6M+67.4%$7.6M+18.4%$8.8M+9.6%$4.0M-47.2%$4.5M-46.4%$6.4M+61.4%
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$795K+25.2%$416K-38.4%$360K-30.8%$630K-31.9%$635K+25.5%$675K+63.8%$520K-35.6%$925K+80.7%
Current Liabilities$650K+32.7%$271K-48.9%$215K-41.6%$485K-36.4%$490K+39.2%$530K+114.6%$368K-41.8%$762K+133.0%
Non-Current Liabilities$145K0.0%$145K0.0%$145K-4.6%$145K-11.0%$145K-5.8%$145K-12.1%$152K-13.1%$163K-11.9%
Total Equity$25.4M-2.2%$25.4M+14.1%$24.7M+9.5%$24.7M+3.1%$26.0M-0.3%$22.3M-11.9%$22.5M-13.2%$24.0M+11.1%
Retained Earnings-$69.2M-7.3%-$67.3M-6.0%-$66.8M-6.1%-$66.3M-8.0%-$64.5M-9.0%-$63.5M-8.8%-$63.0M-9.3%-$61.4M-8.5%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

XPL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XPL quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/AQ3'2410-Q
Operating Cash Flow-$1.4M-71.2%-$473K+20.9%-$506K+71.1%-$1.7M+6.6%-$803K-38.7%-$598K+39.7%-$1.7M-202.1%-$1.8M-93.7%
Depreciation & Amortization$4K-42.9%$3K-57.1%N/A$8K0.0%$7K+16.7%$7K0.0%$6K0.0%$8K+14.3%
Stock-Based Compensation$100K-20.0%$67K-46.8%N/A$113K-9.6%$125K-64.9%$126K+113.6%N/A$125K+115.5%
Investing Cash Flow-$14K+99.6%-$643K-216.9%$51K-97.3%$1.4M-17.0%-$3.7M-643.3%$550K-40.1%$1.9M+142.0%$1.6M+188.0%
Financing Cash Flow$1.7M-61.9%$1.2M+669.9%$165K$471K+1077.5%$4.6M+274.0%$156K+1014.3%$0-100.0%$40K-98.4%

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

XPL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

XPL quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-K/AQ3'2410-Q
Return on Equity-7.2%-3.6pp-1.9%+0.3ppN/A-7.6%+1.9pp-3.6%-0.7pp-2.3%+0.6ppN/A-9.5%-3.5pp
Return on Assets-7.0%-3.4pp-1.9%+0.3ppN/A-7.4%+1.8pp-3.5%-0.7pp-2.2%+0.6ppN/A-9.1%-3.3pp
Current Ratio14.21-5.5x32.66+21.5x37.26+21.0x17.26+6.8x19.69-7.8x11.20-24.9x16.28+0.6x10.48-5.7x
Debt-to-Equity0.030.0x0.020.0x0.010.0x0.030.0x0.020.0x0.030.0x0.020.0x0.040.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Solitario Resources Corp. XPL FY2025 N/A -$3.8M N/A $52.9M —
Nova Minerals Corp NVA FY2026 N/A -$25.6M N/A $2.8B —
Odyssey Marine Exploration, Inc OMEX FY2025 $354K -$43.1M N/A $39.7M —
Westwater Resources, Inc. WWR FY2025 N/A -$27.3M N/A $61.7M —
Fury Gold Mines Limited FURY FY2021 N/A $16.8M N/A $96.8M —
U.S. GoldMining Inc. USGO FY2025 N/A -$7.0M N/A $92.2M —

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 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.

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.

Solitario Resources Corp. (XPL) recorded an outflow of $3.6M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

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

Solitario Resources Corp. (XPL) had 92M shares outstanding as of fiscal year 2025.

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

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.

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.

Solitario Resources Corp. (XPL) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (FY2025). The market capitalization is $52.9M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Solitario Resources Corp. (XPL) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $52.9M as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

At the end of fiscal year 2025, Solitario Resources Corp. (XPL) held $7.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $3.6M over that year. Dividing the one by the other, the reported balance equals about 26 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Solitario Resources Corp. (XPL) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.

Solitario Resources Corp. (XPL) reported a net loss of $3.8M while operations used $3.6M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.

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