Revenue remains sporadic and immaterial, with 2026Q1 figures of $85.4K failing to offset heavy R&D and SG&A expenses that resulted in a $1.8M operating loss.
| Sales/Revenue | 98.78K | 13.35K | 0 | 6.94K | 0 | 0 |
| Revenue Growth % | - | - | -100% | - | - | - |
| Cost of Goods Sold | -61.6K | 6.65K | 350.51K | 552.86K | 0 | 0 |
| COGS % of Revenue | - | 49.8% | - | 7961.62% | - | - |
| Gross Profit | 160.37K | 6.7K | -350.51K | -545.91K | 0 | 0 |
| Gross Margin % | 162.36% | 50.2% | - | -7861.62% | - | - |
| Gross Profit Growth % | - | 101.91% | 35.79% | - | - | - |
| Operating Expenses | 11.72M | 12.93M | 12.95M | 4.78M | 904.19K | 0 |
| OpEx % of Revenue | - | 96836.01% | - | 68789.86% | - | - |
| Selling, General & Admin | 9.25M | 9.5M | 10.57M | 1.75M | 904.19K | 0 |
| SG&A % of Revenue | - | 71196.34% | - | 25249.61% | - | - |
| Research & Development | 2.47M | 3.42M | 2.38M | 3.02M | 0 | 0 |
| R&D % of Revenue | - | 25639.68% | - | 43540.25% | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -11.56M | -12.92M | -13.3M | -5.32M | -904.19K | 0 |
| Operating Margin % | -11705.81% | -96785.81% | - | -76651.48% | - | - |
| Operating Income Growth % | - | 2.85% | -149.87% | -488.67% | - | - |
| EBITDA | -11.27M | -12.63M | -12.95M | -4.77M | 933.8K | -1.43K |
| EBITDA Margin % | -11410.29% | -94580.25% | - | -68689.86% | - | - |
| EBITDA Growth % | 8.72% | 2.49% | -171.48% | -610.8% | 65400.91% | - |
| D&A (Non-Cash Add-back) | 291.9K | 294.44K | 350.51K | 552.86K | 0 | 0 |
| EBIT | -14.01M | -40.9M | -25.56M | -5.32M | 933.8K | -1.43K |
| Net Interest Income | -146.77K | -89.88K | 380.77K | 3.8M | 5.68K | 0 |
| Interest Income | 3.01K | 19.09K | 13.81K | 3.8M | 5.68K | 0 |
| Interest Expense | 149.78K | 108.97K | -366.96K | 0 | 0 | 0 |
| Other Income/Expense | -40.07M | -28.08M | -12.63M | -1.95K | 1.84M | -1.43K |
| Pretax Income | -51.63M | -41M | -25.93M | -5.32M | 933.8K | -1.43K |
| Pretax Margin % | -52269.07% | -307146.07% | - | -76679.49% | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 339.9K | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 36.4% | 0% |
| Net Income | -51.63M | -41M | -25.93M | -5.32M | 593.9K | -1.43K |
| Net Margin % | -52269.07% | -307146.07% | - | -76679.49% | - | - |
| Net Income Growth % | -496.18% | -58.14% | -386.96% | -996.54% | 41631.82% | - |
| Net Income (Continuing) | -51.63M | -41M | -25.93M | -5.32M | 593.9K | -1.43K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -6.63 | -10.39 | -13.01 | -3.64 | -0.05 | -0.01 |
| EPS Growth % | -304.19% | 20.14% | -257.42% | -6653.25% | - | - |
| EPS (Basic) | - | -10.39 | -13.01 | -3.64 | 0.01 | -0.01 |
| Diluted Shares Outstanding | 7.79M | 3.95M | 1.99M | 1.46M | 1.46M | 1.46M |
| Basic Shares Outstanding | 7.79M | 3.95M | 1.99M | 1.46M | 1.46M | 1.46M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Imminent liquidity shortfall
As reported in financial statements, Solidion Technology's revenue remains highly irregular and negligible, with 2026Q1 figures of $85.4K highlighting a pre-commercial status that lacks the consistent volume or recurring contract structure necessary to demonstrate a sustainable growth trajectory within the competitive electrical equipment industry.
The revenue profile appears to be driven by sporadic R&D service fees rather than repeatable product sales, suggesting the company is currently operating as a pilot-scale laboratory. Investors should monitor whether these intermittent inflows can transition into meaningful commercial milestones, as the current lack of established operating segments indicates a high degree of uncertainty regarding future revenue durability.
Based on reported figures, the company's cost structure is dominated by heavy R&D and SG&A expenses, which consistently dwarf the minimal revenue generated, indicating that the firm is currently in a capital-intensive burn phase typical of early-stage battery technology developers lacking industrial manufacturing scale.
The income statement reveals that operating expenses remain significantly elevated relative to the company's output, reflecting the high fixed costs of maintaining specialized material science operations. This cost structure suggests that management is prioritizing technical development over near-term profitability, which may necessitate further capital raises to sustain ongoing research activities.
According to recent SEC filings, Solidion Technology's net income figures show extreme volatility, including a $9.2M gain in 2025Q1 and a $44.0M loss in 2025Q4, which suggests that reported earnings are heavily influenced by non-cash accounting entries and merger-related adjustments rather than core operational performance.
The significant discrepancy between operating losses and net income fluctuations warrants further investigation into the nature of these non-operating items, such as warrant revaluations or stock-based compensation. Analysts should focus on cash-based metrics to assess the true economic health of the firm, as GAAP net income appears to be an unreliable indicator of operational progress.
As indicated by the company's reported cash and equivalents of only $204,725, the firm faces a critical liquidity risk that may undermine its ability to continue as a going concern without immediate external financing or significant support from its parent entity, Global Graphene Group.
The current cash position appears insufficient to cover the historical quarterly burn rate, suggesting that the company's financial runway is extremely limited. Investors should consider the high probability of dilutive equity financing, as the current income statement trajectory provides little evidence of a path toward self-sustaining cash flow in the near term.
Quick answers to the most common questions about buying STI stock.
For fiscal year 2025, Solidion Technology Inc. (STI) reported total revenue of $0.0M.
Solidion Technology Inc. (STI) reported a net loss of $41.0M for the fiscal year ending 2025.
Solidion Technology Inc. (STI) reported an operating income of $-12.9M, resulting in an operating profit margin of -96785.8%. This margin reflects the operational efficiency of the business before interest and taxes.
Solidion Technology Inc. (STI) generated $0.0M in gross profit for the year, representing a gross profit margin of 50.2%. This demonstrates the company's core pricing power and production efficiency.