Solidion Technology Reports Full Year 2025 Financial and Operating Results
Rhea-AI Summary
Solidion Technology (Nasdaq: STI) reported full-year 2025 results on April 15, 2026, showing limited product revenue and a substantial net loss. The company disclosed $13,350 in revenue, a $41.0 million net loss and a $28.3 million non-cash derivative loss tied to warrant and forward agreement remeasurement.
Solidion completed a restructuring that eliminated Series C/D pre-funded warrants, converted major holders to common stock, announced commercial timing for new products (Q1–Q2 2026), and received multiple government grants and patents.
Positive
- Eliminated Series C/D warrants and related derivative liability
- Major warrant holders converted to common stock with 12-month hold commitment
- Awarded multiple government grants and new U.S. patents supporting scale-up and solid-state conversion
Negative
- Net loss of $41.0 million for full year 2025
- Non-cash loss of $28.25 million from derivative fair value remeasurement
- Revenue of only $13,350 for 2025, indicating minimal current product sales
News Market Reaction – STI
On the day this news was published, STI declined 0.99%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers show mixed moves: some up (e.g., GWH, XPON) and others down (e.g., GWH in scanner history, EPOW, CCTG), indicating stock-specific factors likely dominate versus a unified sector move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 19 | Q3 2024 earnings | Negative | -19.5% | Reported $6.6M net loss and higher operating expenses alongside tech updates. |
| Aug 13 | Q2 2024 earnings | Positive | +1.4% | Reported $22M net income mainly from derivative liability fair value change. |
| Jun 07 | Q1 2024 earnings | Negative | -7.5% | Highlighted $29.7M net loss dominated by derivative and financing impacts. |
Earnings releases have generally led to negative reactions, with 2 of 3 past events showing declines and one modest gain.
Over recent earnings reports, Solidion has consistently highlighted advanced battery technologies while reporting sizeable net losses driven partly by derivative liability revaluations. Q1 and Q3 2024 results featured multimillion‑dollar losses, while Q2 2024 showed positive EPS primarily from a favorable fair value change. Today’s full‑year 2025 results continue that pattern, with modest net sales, a larger net loss, and significant non‑cash derivative impacts alongside ongoing commercialization and technology milestones.
Historical Comparison
Past earnings headlines moved STI an average of -8.51%, often tied to sizable net losses and derivative revaluations, framing expectations for reaction to these full‑year 2025 results.
Earnings have progressed from quarterly 2024 reports with large derivative‑driven swings to a full‑year 2025 result showing modest revenue, higher net loss, and continued focus on commercializing advanced battery technologies.
Market Pulse Summary
This announcement combines full-year 2025 financials—minimal revenue and a $41.0 million net loss, driven largely by non-cash derivative items—with notable technology wins in Li‑S batteries, silicon anodes, and grants-backed R&D. The restructuring of dilutive warrants reduces derivative liabilities and future dilution risk. Historically, earnings have produced sizable stock moves, so investors may track future revenue traction, cash resources, and progress on commercializing these advanced battery platforms.
Key Terms
dilutive warrants financial
pouch cell technical
ups battery system technical
arpa-e regulatory
u.s. department of energy (doe) regulatory
sttr program regulatory
derivative liabilities financial
forward purchase agreement financial
AI-generated analysis. Not financial advice.
Company Completes Restructure of Dilutive Warrants
DALLAS, TX, April 15, 2026 (GLOBE NEWSWIRE) -- Solidion Technology Inc. (“Solidion” or the “Company”) (Nasdaq: STI), an advanced battery technology solutions provider, today has released fiscal year 2025 Financial and Operating Results. The consolidated and combined financial statements of Solidion and additional information can be found in Solidion’s Form 10-K, filed with the Securities and Exchange Commission today, April 15, 2026 (the “Form 10-K”). This earnings release should be read together with the information contained in the Form 10-K.
Previously Announced Recent Business Highlights
Business Development
- Successful demonstration of a high-power 9.5Ah pouch cell designed for industrial and military drone applications. The prototype delivered exceptional power stability, retaining approximately
95% of its capacity at a 10C discharge rate, a significant improvement over typical market pouch cells, which average78% retention at 5C. Solidion expects to make the pouch cell commercially available in Q2 2026.
- The Company unveiled its new PEAK Series, an advanced UPS battery system engineered specifically for AI data centers, leveraging the Company’s high-performance 5500 silicon-carbon anode cell. The system delivers up to
30% space savings, significantly lower total cost of ownership, and up to three times longer life than conventional backup solutions. Commercial availability is expected in Q1 2026, with Solidion currently working with select data center partners on early integration and testing.
Technological Advancements, Business Development and Corporate Updates:
- The Company previously announced that it has entered into a non-binding Memorandum of Understanding with an entity that manufactures and distributes energy storage systems.
- The Company has been awarded a grant to advance research and development of Electrochemical Manufacturing of High-Performance Graphite Based on Biomass-Derived Carbon. This award is one of the projects funded by ARPA-E, the Advanced Research Projects Agency, from their highly competitive OPEN program.
- The Company has been awarded a grant to scale up the synthesis of a carbon-nanosphere material that will be used as an anti-corrosive additive in molten-salts-based heat transfer fluids for advanced molten salt nuclear reactors from the U.S. Department of Energy (DOE).
- The Company has been awarded a grant to develop an advanced fiber-based electronic battery system built on a coaxial carbon nanotube (CNT) yarn architecture from the U.S. Department of War/Army STTR Program.
- Solidion Technology completed a major restructuring of its August 2024 equity financing, eliminating all Series C and D Pre-Funded Warrants, along with the corresponding derivative liability, significantly strengthening the balance sheet and reducing future dilution risk. Long-term investors Madison Bond LLC and Bayside Project LLC converted their entire warrant allocation into common stock, committing to hold the shares for at least 12 months, which enhances shareholder alignment and supports Solidion’s long-term growth strategy.
- Solidion Technology and Oak Ridge National Laboratory received a 2025 R&D 100 Award for their jointly developed E-GRIMS technology, which enables a more energy-efficient, scalable, and environmentally sustainable method of producing graphite anode materials. This breakthrough significantly reduces the carbon footprint of lithium-ion battery manufacturing and supports next-generation energy storage, marking a major advancement in sustainable battery materials innovation.
- Secured newly granted U.S. patents for proprietary technology that enables the conversion of existing lithium-ion manufacturing facilities to produce solid-state batteries through in situ solidification. This innovation significantly reduces fire risk by transforming flammable liquid electrolytes into solid-state form.
- Breakthrough in Lithium-Sulfur Battery Technology: Solidion announced its Li-S batteries have achieved a cell energy density of 380 Wh/kg, with a near-term target of 450 Wh/kg. Validated by a leading EV battery manufacturer, this milestone advances our vision of low-cost, cobalt- and nickel-free batteries, potentially doubling the energy density of today’s lithium-ion cells.
- Filed Patent Applications for Silicon Anode Technology: Solidion filed several U.S. patent applications for a novel, cost-effective method of producing graphene-hosted silicon anodes—an innovation aimed at significantly improving EV battery energy density and reducing production risks and costs.
CEO Statement:
“Our teams delivered robust performance across core products and services, with meaningful gains in technology and early traction in several high-potential new initiatives. Looking ahead, we see clear momentum from investments in product innovation, sales capacity, and operational efficiency that position us to accelerate growth and capture market share. We remain confident in our long-term targets and are focused on profitable, sustainable expansion that creates value for shareholders. Finally, I want to thank our employees for their dedication and our investors for their continued trust and patience — together we will keep building toward an even stronger future.”
Full Year 2025 Financial Highlights
$13,350 in revenue from delivery of Solidion’s proprietary silicon anode battery cells.
$12.9 million loss from continuing operations, including decreased spending on public company related professional services and expenses.
- Net Loss of
$41.0 million , with basic loss per share of$10.39 , including a non-cash loss of$28.3 million related to change in fair value of derivatives.
See below for additional information on Solidion’s operational results:
Summary of Statements of Operations for the Years Ended December 31, 2025 and 2024
| Years Ended December 31, | ||||||||
| 2025 | 2024 (Restated) | |||||||
| Net sales | $ | 13,350 | $ | - | ||||
| Cost of goods sold | 6,648 | - | ||||||
| Operating expenses | 12,927,608 | 13,299,537 | ||||||
| Total other income (expense) | (28,083,094 | ) | (19,117,496 | ) | ||||
| Net loss | $ | (41,004,000 | ) | $ | (32,417,033 | ) | ||
Operating Expenses
Operating expenses decreased by
Other Income (expense)
Other expense increased by
About Solidion Technology, Inc.
Headquartered in Dallas, Texas with pilot production facilities in Dayton, Ohio, Solidion's (NASDAQ: STI) core business includes manufacturing of battery materials and components, as well as development and production of next-generation batteries for energy storage systems, including UPS systems serving the artificial intelligence (AI) data center market and electric vehicles for ground, aerospace, and sea transportation. Solidion holds a portfolio of over 345 patents, covering innovations such as high-capacity, silane gas free and graphene-enabled silicon anodes, biomass-based graphite, advanced lithium-sulfur and lithium-metal technologies.
For more information, please visit www.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 words "forecasts" "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. 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.
Solidion Technology Inc. Contacts
Investor Contact: ir@solidiontech.com
Media Contact: press@solidiontech.com
1 Source: Silicon Anode for Li-ion Batteries - Patent Landscape 2022 - FLYER (knowmade.com)
