Solidion Technology (NASDAQ: STI) Reports Third Quarter Financial Results, Highlighting Strong Cash Balance, Reduction in Liabilities and Positive EPS

Quarterly profit accompanied higher operating costs, while cash fell from June and working capital improved from year-end.

Rhea-AI Summary

Solidion Technology (NASDAQ: STI) reported third-quarter 2026 net income of approximately $244,000, reversing a loss in the prior-year period. The prior-year net loss was $4.1 million. Basic earnings per share were $0.02, versus a loss of $1.33. Revenue rose to $41,638 from $9,350, while total other income was $2,563,700 versus expense of $2,349,245.

Cash and cash equivalents were $26.2 million at September 30, down from $27.7 million at June 30. Working capital reached $19.6 million versus a $11.2 million deficit at year-end 2025. Total liabilities declined approximately 40% to $7.5 million, and stockholders' equity reached $23.8 million versus a $7.2 million deficit at year-end 2025.

The board authorized up to $1.0 million in share repurchases on September 13. Solidion plans to pursue revenue-generating battery-storage acquisitions through the remainder of 2026 and into 2027 while advancing commercialization.

11 points · 0 major

PositiveiHow this balance works

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0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointQuarterly net income of approximately $244,000 reversed a $4.1 million loss in the prior-year period.
• Moderate pointWorking capital of $19.6 million compared with a $11.2 million deficit at December 31, 2025.
• Moderate pointTotal liabilities declined approximately 40% to $7.5 million from $12.0 million at December 31, 2025.
• Moderate pointStockholders' equity of $23.8 million compared with a $7.2 million deficit at year-end 2025.
• Moderate pointUp to $1.0 million in share repurchases authorized by the board on September 13, 2026. 2.7% of market cap

6 minor points

• Minor pointBasic EPS of $0.02 compared with a $1.33 loss per share in Q3 2025.
• Minor pointRevenue of $41,638 increased from $9,350 in Q3 2025.
• Minor pointTotal other income of $2,563,700 compared with expense of $2,349,245 in Q3 2025.
• Minor point. Forward-looking: it has not happened yet and may not happen.Solidion plans revenue-generating battery-storage acquisitions during the remainder of 2026 and into 2027.
• Minor pointTwo U.S. Department of Energy grants support ongoing research jointly with Oak Ridge National Laboratory.
• Minor pointFirm-fixed-price U.S. Army STTR contract supports ongoing research into a flexible, fiber-based rechargeable battery system.

Negative

• Moderate pointCombined SG&A and research and development expenses rose to $2,240,915 from $1,747,929 in Q3 2025.
• Minor pointCash and cash equivalents fell to $26.2 million at September 30, 2026, from $27.7 million at June 30.
• Minor pointCost of revenue rose to $120,000 from $4,321 in Q3 2025.

News Explained

Solidion has reported Q3 results, and the quarter showed $1,340,091 of operating cash outflow; cash of $26,154,004 at September 30, 2026 equaled 1,795.5 days of operating cash use at that quarter’s rate.

Sources and calculations

• Solidion Technology third-quarter 2026 results release (2026-11-09)
• Solidion Technology Q3 2026 fundamentals (2026-09-30)

• Available liquidity against the last reported quarterly operating outflow, in days at that rate $26,154,004 / ($1,340,091 / 92) = 1795.5 days

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Details

Market move: STI +3.25% vs previous close. Q3 2026 earnings report

+8.5% Peak in 9 min

$4.02 – $4.38 Day Range

$38.58M Mkt Cap at Last Price

On Nov 9, the day this news came out, the latest delayed price for STI is 3.25% above the previous close. Argus tracked a peak move of +8.5% during the session. Our momentum scanner has recorded 9 alerts for this stock so far that day. The latest delayed price is $4.30.

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Key Figures

Cash and cash equivalents: $26.2 million Working capital: $19.6 million Total liabilities: $7.5 million; approximately 40% lower +5 more

Cash and cash equivalents

$26.2 million

As of September 30, 2026; compared with $27.7 million at June 30, 2026

Working capital

$19.6 million

As of September 30, 2026; compared with a deficit of $11.2 million at December 31, 2025

Total liabilities

$7.5 million; approximately 40% lower

Compared with $12.0 million at December 31, 2025

Net income

Approximately $244,000

Q3 2026; compared with a net loss of $4.1 million in the prior-year period

Basic earnings per share

$0.02

Q3 2026; compared with $(1.33) in Q3 2025

Revenue

$41,638

Q3 2026; compared with $9,350 in Q3 2025

Stockholders' equity

$23.8 million

Compared with a deficit of $7.2 million at year-end 2025

Share repurchase authorization

Up to $1.0 million

Authorized by the Board on September 13, 2026

Previous Earnings Reports

1 past event · Latest: Nov 19

Same Type 1 event

1. Nov 19

   Q3 earnings

   24h Move

   -19.5%

   Q3 2024 report disclosed a $6.6 million net loss and EPS of -$0.07

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

working capital, silicon-carbon anode, energy density, firm-fixed-price

4 terms

working capital financial

"Positive Working Capital: Working capital of $19.6 million"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

View in glossary

silicon-carbon anode technical

"using its 5500 silicon-carbon anode cell"

A silicon-carbon anode is the negative electrode in a lithium-ion battery that mixes silicon particles with carbon (usually graphite or amorphous carbon) to store lithium ions during charging. Silicon holds much more charge than carbon but expands and contracts a lot, so combining it with carbon aims to boost capacity and charging speed while reducing breakage — like adding high-capacity but fragile pieces to a flexible scaffold. Investors watch this technology because it can change battery range, cost, and manufacturing complexity, which affect makers of electric vehicles, portable electronics, and battery suppliers.

energy density technical

"with an energy density of 305 Wh/kg"

Energy density measures how much energy is stored in a material or object relative to its size or weight. For example, a small, lightweight battery with high energy density can store a lot of power, making it more efficient and longer-lasting. Investors pay attention to energy density because it influences the performance, cost, and practicality of energy sources and storage solutions.

firm-fixed-price financial

"under a firm-fixed-price U.S. Army STTR contract"

A firm-fixed-price contract sets a single, unchanging price for goods or services that the seller must deliver, regardless of how much those costs rise or fall during performance. For investors, this matters because the buyer bears little cost uncertainty while the seller absorbs any cost overruns, which can make revenue more predictable but can squeeze profit margins if expenses increase—think of agreeing to buy a product at a set price even if the seller’s costs go up.

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Company Maintains Strong Cash Position of $26.2 Million, Reduces Total Liabilities by Approximately 40%, and Reports Positive Earnings per Share (EPS) of $0.02

DALLAS, Nov. 9, 2026 /PRNewswire/ -- Solidion Technology, Inc. (NASDAQ: STI) ("Solidion Technology" or "the Company"), an advanced battery technology provider, today reported its Third Quarter 2026 Financial and Operating Results. The condensed consolidated financial statements of Solidion Technology and additional information can be found in Solidion Technology's Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, filed with the Securities and Exchange Commission on November 9, 2026 (the "Form 10-Q"). This earnings release should be read together with the information contained in the Form 10-Q.

Solidion Technology maintained a healthy cash balance of approximately $26.2 million, reduced total liabilities by approximately 40% compared to year-end 2025, and reported positive net income for the quarter.

Third Quarter 2026 Financial and Corporate Highlights 

• Strong Liquidity: Maintained cash and cash equivalents of $26.2 million as of September 30, 2026, compared to $27.7 million at June 30, 2026.
• Positive Working Capital: Working capital of $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.
• Reduced Liabilities: Total liabilities declined approximately 40% to $7.5 million, compared to $12.0 million at December 31, 2025.
• Positive Net Income: Reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.
• Strengthened Stockholders' Equity: Stockholders' equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.
• Financial Flexibility: The Company believes its capital position supports continued investment in its technology portfolio and evaluation of strategic acquisition opportunities.
• Board Governance: On August 31, 2026, the Company expanded its Board of Directors with the appointment of three independent directors, Mark Schwartz, Kimi L. Ellen and Dante W. Robinson.
• Share Repurchase Program: On September 13, 2026, the Board of Directors authorized the repurchase of up to $1.0 million of the Company's common stock.

TABLE 1: QUARTERLY FINANCIAL PERFORMANCE

Metric	Q3 2026	Q3 2025
Revenue	$41,638	$9,350
Cost of revenue	$120,000	$4,321
Selling, general and administrative, Research and Development	$2,240,915	$1,747,929
Total other income (expense)	$2,563,700	$(2,349,245)
Basic earnings (loss) per share	$0.02	$(1.33)

"During the third quarter, we continued strengthening Solidion Technology's financial foundation while positioning the Company for its next phase of growth," said Jaymes Winters, Chief Executive Officer of Solidion Technology. "We remain disciplined and opportunistic in our approach to acquisitions. Our healthy cash position and improved balance sheet provide us with the flexibility to continue to pursue opportunities that complement our existing technology and manufacturing capabilities."

"We believe our strategy positions Solidion Technology to capitalize on opportunities across the energy storage industry, while maintaining our commitment to long-term shareholder value."

Business Highlights

Technology and Commercialization

• PEAK Series UPS for AI Data Centers: Solidion has developed its PEAK Series uninterruptible power supply system using its 5500 silicon-carbon anode cell. Based on Company testing, the system is designed to reduce UPS footprint by up to 30%, while the cell is designed to last up to three times longer than conventional backup battery systems.
• High-Power Battery Cells: Solidion has developed its high-energy 5.5Ah 21700 cylindrical cell, with an energy density of 305 Wh/kg and continuous charge/discharge capability exceeding 2C.
• Government Research Programs: Solidion is conducting research under two U.S. Department of Energy grants, both conducted jointly with Oak Ridge National Laboratory, the Company's partner on its 2025 R&D 100 Award. The Company is also performing research under a firm-fixed-price U.S. Army STTR contract to develop a flexible, fiber-based rechargeable battery system.

Strategic Priorities

For the remainder of 2026 and into 2027, Solidion Technology intends to remain an opportunistic and disciplined acquirer of revenue-generating assets and businesses in the battery storage sector that amplify its existing technology and IP portfolio while simultaneously advancing its commercialization initiatives and strengthening its manufacturing and commercial capabilities.

About Solidion Technology, Inc.

Solidion Technology, Inc. (NASDAQ: STI) is an advanced battery technology company headquartered in Dallas, Texas, with R&D and manufacturing operations in Dayton, Ohio. Solidion develops silicon-rich anodes, solid-state batteries, and fire-retardant electrolytes designed to deliver higher energy density, improved safety, and lower cost for the electric vehicle, energy storage, consumer electronics, aerospace and defense, and AI data center markets, including next-generation backup power for data center operators. The Company is backed by a global portfolio of over 385 patents covering innovations such as high-capacity, silane gas-free, and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal technologies. Solidion also pursues a disciplined acquisition strategy focused on opportunities that complement its platform and create long-term shareholder value.

For more information, please visit www.ir.solidiontech.com or contact Investor Relations.

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Solidion Technology Inc., (NASDAQ: STI) (the "Company," "Solidion," "we," "our" or "us") desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The statements contained in this press release that are not purely historical are forward-looking statements. Without limitation, any statements preceded or followed by or that include the words "forecasts" "believe," "may," "will," "would," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "position," "is likely," "expect" and similar expressions or the negative thereof, as they relate to us, are intended to identify forward-looking statements. Forward-looking statements in this press release may include, for example, statements about our financial and business performance and statements about our business, expansion plans and opportunities. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, the inability of our batteries to perform as expected, including design or manufacturing defects; competition in the evolving battery cell market and the selection of other battery cell technologies by OEMs; the need for additional safety testing of our battery technology before it can be installed in electric vehicles; reliance on complex production equipment, and operational and cost uncertainty in production; the performance of licensed technologies that have not been commercialized, or have only been commercialized to a limited extent; raw material and component price increases, supply constraints, and our ability to control costs and achieve cost advantages at scale; the pace of consumer adoption of electric vehicles; the unavailability of government incentives and subsidies; our ability to attract customers and to accurately forecast supply, demand and manufacturing requirements; our ability to attract and retain key employees and qualified personnel; our limited operating history and untested business model; our history of losses; our ability to obtain additional capital on commercially reasonable terms, or at all; our ability to manage growth and build our brand; the accuracy of assumptions and estimates behind our technical and production timelines and our financial statements; material weaknesses in our internal control over financial reporting; product liability claims, litigation, regulatory actions and government investigations; substantial and changing regulations; cybersecurity incidents, security breaches, and data privacy compliance; tariffs and trade tensions, including a potential global trade war; and other risks detailed in our other Securities and Exchange Commission filings, particularly in the section titled "Risk Factors" contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

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SOURCE Solidion Technology, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Solidion Technology's Q3 2026 earnings and revenue?

Solidion reported net income of approximately $244,000, basic earnings per share of $0.02 and revenue of $41,638. In Q3 2025, it reported a net loss of $4.1 million, a basic loss per share of $1.33 and revenue of $9,350.

How much stock did Solidion Technology authorize for repurchase?

Solidion's board authorized repurchases of up to $1.0 million of common stock on September 13, 2026.