Solitario Resources Corp Financials
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).
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
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
Financial Health Signals
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.
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.
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
Earnings & Revenue
Solitario Resources Corp reported -$3.8M in net income in fiscal year 2025. This represents an increase of 28.6% from the prior year.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Solitario Resources Corp held $82K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
XPL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $408K-18.7% | $502K-35.8% | $782K | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $1.6M-16.7% | $1.9M+9.8% | $1.7M+25.9% | $1.4M+42.9% | $952K-8.8% | $1.0M-23.7% | $1.4M-30.0% | $2.0M+62.6% | $1.2M-44.4% | $2.2M+10.1% | $2.0M-9.7% | $2.2M-3.0% | $2.2M-16.3% | $2.7M-6.2% | $2.9M |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.8M-8.1% | $2.0M | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$123K-179.5% | -$44K-728.6% | $7K-98.9% | $629K+4.8% | $600K | N/A | N/A |
| Income Tax | N/A | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A | -$353K-163.0% | $560K | N/A | -$176K+72.8% | -$648K-101947.2% | -$635 |
| Net Income | N/A | -$3.8M+28.6% | -$5.4M-43.0% | -$3.8M+4.4% | -$3.9M-65.9% | -$2.4M-152.1% | -$939K+71.5% | -$3.3M+8.6% | -$3.6M-482.0% | $942K+155.1% | -$1.7M-119.3% | $8.9M+581.2% | -$1.8M+8.1% | -$2.0M+44.3% | -$3.6M-151.6% | $7.0M |
| EPS (Diluted) | — | -$0.04+42.9% | -$0.07 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XPL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $25.0M+8.6% | $23.0M-13.9% | $26.8M+21.4% | $22.0M-6.7% | $23.6M-0.8% | $23.8M | N/A | N/A | N/A | $17.6M-2.4% | $18.1M-5.2% | $19.0M-2.4% | $19.5M-17.0% | $23.5M+6.5% | $22.1M |
| Current Assets | $8.0M+33.7% | $6.0M-39.7% | $9.9M+89.2% | $5.3M-26.6% | $7.2M-11.1% | $8.0M-8.1% | $8.8M-27.9% | $12.1M-17.0% | $14.6M-13.0% | $16.8M-6.6% | $18.0M+459.2% | $3.2M-15.0% | $3.8M-52.3% | $7.9M+50.3% | $5.3M |
| Cash & Equivalents | $82K+1.2% | $81K-59.5% | $200K-36.7% | $316K-31.6% | $462K-23.6% | $605K+5.4% | $574K+390.6% | $117K-45.3% | $214K+79.8% | $119K-99.3% | $17.7M+3538.2% | $487K-71.5% | $1.7M+177.6% | $616K+42.6% | $432K |
| Total Liabilities | $360K-30.8% | $520K-35.6% | $807K+108.0% | $388K-11.0% | $436K+45.8% | $299K | N/A | N/A | N/A | $126K-29.6% | $179K-98.5% | $12.3M+7.2% | $11.4M-22.7% | $14.8M+138.6% | $6.2M |
| Current Liabilities | $215K-41.6% | $368K-41.8% | $632K+140.3% | $263K-4.7% | $276K+58.6% | $174K-35.3% | $269K-60.9% | $688K+387.9% | $141K+11.9% | $126K-29.6% | $179K-96.6% | $5.3M+319.7% | $1.3M-66.1% | $3.7M-25.2% | $4.9M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3.1M+29.0% | $2.4M+17.4% | $2.1M |
| Total Equity | $24.7M+9.5% | $22.5M-13.2% | $25.9M+19.9% | $21.6M-6.6% | $23.2M-1.4% | $23.5M-2.6% | $24.1M-10.9% | $27.1M-10.1% | $30.1M+72.3% | $17.5M-2.2% | $17.9M+163.6% | $6.8M-16.0% | $8.1M-7.1% | $8.7M-45.2% | $15.9M |
| Retained Earnings | -$66.8M-6.1% | -$63.0M-9.3% | -$57.6M-7.0% | -$53.9M-7.9% | -$50.0M-5.0% | -$47.6M-2.0% | -$46.7M-7.6% | -$43.4M-7.5% | -$40.3M-2.4% | -$39.4M-4.5% | -$37.7M+19.1% | -$46.6M-4.1% | -$44.7M-4.8% | -$42.7M-8.4% | -$39.4M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill.
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.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$4.0M | -$3.6M+30.0% | -$5.1M-56.3% | -$3.3M-12.5% | -$2.9M-34.4% | -$2.2M-113.6% | -$1.0M+61.7% | -$2.6M-94.5% | -$1.4M+18.2% | -$1.7M+9.6% | -$1.8M-6.5% | -$1.7M-7.0% | -$1.6M+28.0% | -$2.2M+36.2% | -$3.5M+55.8% | -$7.9M |
| Investing Cash Flow | $763K | -$1.8M-145.1% | $3.9M+189.3% | -$4.4M-729.0% | $701K+678.9% | $90K-90.8% | $976K-68.6% | $3.1M+128.4% | $1.4M-23.8% | $1.8M+111.5% | -$15.5M-165.1% | $23.8M+1509.4% | -$1.7M-167.2% | $2.5M-35.0% | $3.9M+1905.2% | $193K |
| Financing Cash Flow | $3.6M | $5.3M+320.4% | $1.3M-83.2% | $7.6M+268.0% | $2.1M+6.7% | $1.9M+2860.0% | $65K+600.0% | -$13K+87.1% | -$101K-215.6% | -$32K+87.1% | -$248K+94.9% | -$4.9M-334.8% | $2.1M+73.7% | $1.2M+757.1% | -$182K-102.4% | $7.7M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | $0-100.0% | $5K-61.5% | $13K-87.1% | $101K+215.6% | $32K-87.1% | $248K+270.1% | $67K | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
XPL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | -806.1% | -716.7% | 120.5% | 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%+9.6pp | -13.6%-0.4pp | -13.3%-16.4pp | 3.1%+12.9pp | -9.8%-59.4pp | 49.6%+76.8pp | -27.2%-2.3pp | -24.9%+16.6pp | -41.4%-85.4pp | 44.0% |
| 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% | N/A | N/A | N/A | -9.7%-58.8pp | 49.1%+58.8pp | -9.7%+0.6pp | -10.3%+5.0pp | -15.3%-46.9pp | 31.6% |
| Current Ratio | 37.26+21.0x | 16.28+0.6x | 15.73-4.2x | 19.98-6.0x | 25.94-20.3x | 46.26+13.7x | 32.55+14.9x | 17.64-86.0x | 103.64-29.7x | 133.31+32.8x | 100.50+99.9x | 0.61-2.4x | 3.02+0.9x | 2.15+1.1x | 1.07 |
| Debt-to-Equity | 0.010.0x | 0.020.0x | 0.030.0x | 0.020.0x | 0.020.0x | 0.01 | N/A | N/A | N/A | 0.010.0x | 0.01-1.8x | 1.81+1.4x | 0.39+0.1x | 0.28+0.1x | 0.13 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.
Similar Companies
Where Solitario Resources Corp Ranks
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) recorded an outflow of $3.6M in operating cash flow during fiscal year 2025, representing cash used by 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.
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 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.
Are Solitario Resources Corp's earnings high quality?
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.