Sol Strategies Inc. Common Shares (STKE) 10-Year Financial Performance & Capital Metrics

STKE • • Banking & Credit

Financial ServicesAsset ManagementSpecialized & Niche Asset ManagersSector & Commodity Specialists

AboutSol Strategies Inc. invests in and provides infrastructure for the Solana Blockchain ecosystem. It operates Validator nodes on several Proof of Stake blockchain networks, primarily Solana and SUI, enabling transaction validation and block proposals; cryptocurrency staking; delegating tokens to Validators for passive rewards. The company was formerly known as Cypherpunk Holdings Inc. and changed its name to Sol Strategies Inc. in September 2024. Sol Strategies Inc. was incorporated in 2002 and is based in Toronto, Canada.Show more

Net Interest Income $0
Total Revenue $0
Net Income $7M +205.2%
Return on Equity 30.34% +197.6%
Net Interest Margin 0%
Efficiency Ratio -
ROA 28.76% +193.7%
Equity / Assets 92.46% -6.3%
Book Value per Share 1.43 +66.1%
Tangible BV/Share 1.43 +66.1%
Debt/Equity -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Well capitalized: 92.5% equity/assets
✓Share count reduced 4.4% through buybacks

✗Weaknesses

✗Weak 3Y average ROE of 0.2%
✗Weak Piotroski F-Score: 3/9
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-

EPS CAGR

10Y-

5Y-

3Y-

TTM-

ROCE

10Y Avg0.27%

5Y Avg0.27%

3Y Avg3.01%

Latest37.28%

Peer Comparison

Sector & Commodity Specialists

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
NHICNewHold Investment Corp III	216.79M	10.37	515.92			1.6%
PLTSPlatinum Analytics Cayman Limited Class A Ordinary Shares	196.1M	17.50	245.10	280.21%	35.16%
SOLSSolstice Advanced Materials Inc.	9.6B	60.51	22.75	3.32%	11.19%	13.59%	5.68%	0.13
HQLTekla Life Sciences Investors	491.34M	16.60	21.01	23.61%	56.75%	-13.43%
SWKHSWK Holdings Corporation	211.44M	17.48	16.19	19.14%	29.98%	8.94%	10.84%	0.13
BURBurford Capital Limited	2.15B	9.83	14.89	-56.23%	31.02%	2.7%	10.04%	0.55
ASAASA Gold and Precious Metals Limited	1.2B	63.48	10.48	9.47%	96.94%	39.78%
STKESol Strategies Inc. Common Shares	64.53M	2.30	7.19			-4.25%

Profit & Loss

	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Net Interest Income+	0	0	0	0
NII Growth %	-	-	-	-
Net Interest Margin %	-	-	-	-
Interest Income	0	0	0	0
Interest Expense	0	0	0	0
Loan Loss Provision	0	0	0	0
Non-Interest Income+	0	0	0	0
Non-Interest Income %	-	-	-	-
Total Revenue+	0	0	0	0
Revenue Growth %	-	-	-	-
Non-Interest Expense	2.36M	-793.2K	6.31M	-8.19M
Efficiency Ratio	-	-	-	-
Operating Income+	-2.36M	793.2K	-6.31M	8.19M
Operating Margin %	-	-	-	-
Operating Income Growth %	-	1.34%	-8.95%	2.3%
Pretax Income+	-2.36M	793.2K	-6.31M	8.19M
Pretax Margin %	-	-	-	-
Income Tax+	-1.19M	434.74K	-26.94K	1.58M
Effective Tax Rate %	-	-	-	-
Net Income+	-1.17M	358.46K	-6.28M	6.61M
Net Margin %	-	-	-	-
Net Income Growth %	-	1.31%	-18.53%	2.05%
Net Income (Continuing)	-1.17M	358.46K	-6.28M	6.61M
EPS (Diluted)+	-0.07	0.02	-0.32	0.32
EPS Growth %	-	1.26%	-18.88%	2%
EPS (Basic)	-0.07	0.02	-0.32	0.32
Diluted Shares Outstanding	16.78M	20.01M	19.51M	18.65M

Balance Sheet

	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash & Short Term Investments+	876.76K	1000K	1000K	1000K
Cash & Due from Banks	876.76K	18.54M	1.93M	1.81M
Short Term Investments	0	60.04K	0	0
Total Investments+	4.62M	3.92M	6.46M	1.51M
Investments Growth %	-	-0.15%	0.65%	-0.77%
Long-Term Investments	4.62M	3.86M	6.46M	1.51M
Accounts Receivables	476.47K	88.66K	62.66K	0
Goodwill & Intangibles+	-	-	-	-
Goodwill	0	0	0	0
Intangible Assets	864.02K	675.29K	0	0
PP&E (Net)	0	0	0	0
Other Assets	24.36M	97.24K	7.91M	25.58M
Total Current Assets	1.39M	18.74M	2.04M	1.81M
Total Non-Current Assets	29.84M	5.15M	15.01M	27.09M
Total Assets+	31.23M	23.89M	17.05M	28.9M
Asset Growth %	-	-0.23%	-0.29%	0.69%
Return on Assets (ROA)	-0.04%	0.01%	-0.31%	0.29%
Accounts Payable	188.31K	194.84K	107.03K	83.41K
Total Debt+	1.19M	0	0	0
Net Debt	309.05K	-18.54M	-1.93M	-1.81M
Long-Term Debt	0	0	0	0
Short-Term Debt	1.19M	0	0	0
Other Liabilities	0	0	0	0
Total Current Liabilities	1.51M	308.29K	226.48K	1.78M
Total Non-Current Liabilities	1.88M	0	0	399.41K
Total Liabilities	3.39M	308.29K	226.48K	2.18M
Total Equity+	27.84M	23.58M	16.83M	26.72M
Equity Growth %	-	-0.15%	-0.29%	0.59%
Equity / Assets (Capital Ratio)	-	-	-	-
Return on Equity (ROE)	-0.04%	0.01%	-0.31%	0.3%
Book Value per Share	1.66	1.18	0.86	1.43
Tangible BV per Share	-	-	-	-
Common Stock	18.56M	18.57M	17.86M	17.26M
Additional Paid-in Capital	0	0	0	0
Retained Earnings	-14.42M	-12.23M	-18.51M	-10.37M
Accumulated OCI	23.7M	17.24M	17.47M	19.84M
Treasury Stock	0	0	0	0
Preferred Stock	0	0	0	0

Cash Flow

	Sep 2021	Sep 2022	Sep 2023	Sep 2024
Cash from Operations+	-1.64M	211	-1.13M	-856.73K
Operating CF Growth %	-	1%	-5370.71%	0.24%
Net Income	-1.17M	358.46K	-6.28M	6.61M
Depreciation & Amortization	74.56K	255.55K	70.89K	31.64K
Deferred Taxes	-1.19M	434.74K	-26.94K	36.57K
Other Non-Cash Items	-75.08K	-2.43M	4.67M	-10.59M
Working Capital Changes	61.43K	32.28K	8.69K	1.74M
Cash from Investing+	-12.08M	18.84M	-14.77M	1.51M
Purchase of Investments	-12.57M	-3.22M	-9.43M	0
Sale/Maturity of Investments	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-
Acquisitions	0	0	0	0
Other Investing	0	16.44M	1.19M	-5.67M
Cash from Financing+	14.1M	-1.18M	-707.76K	-767.96K
Dividends Paid	0	0	0	0
Share Repurchases	0	0	-707.76K	-938.92K
Stock Issued	12.05M	0	0	0
Net Stock Activity	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	0	0
Other Financing	892.5K	10K	0	170.96K
Net Change in Cash+	391.38K	17.66M	-16.61M	-119.23K
Exchange Rate Effect	0	0	0	0
Cash at Beginning	485.38K	876.76K	18.54M	1.93M
Cash at End	876.76K	18.54M	1.93M	1.81M
Interest Paid	0	0	0	0
Income Taxes Paid	0	0	0	0
Free Cash Flow+	-2.57M	-1.79M	-1.13M	-856.73K
FCF Growth %	-	0.3%	0.37%	0.24%

Banking Ratios

Metric	2021	2022	2023	2024
Return on Equity (ROE)	-4.22%	1.39%	-31.09%	30.34%
Return on Assets (ROA)	-3.76%	1.3%	-30.69%	28.76%
Net Interest Margin	0%	0%	0%	0%
Equity / Assets	89.15%	98.71%	98.67%	92.46%
Book Value / Share	1.66	1.18	0.86	1.43

Frequently Asked Questions

Valuation & Price

Sol Strategies Inc. Common Shares (STKE) has a price-to-earnings (P/E) ratio of 7.2x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Sol Strategies Inc. Common Shares (STKE) grew revenue by 0.0% over the past year. Growth has been modest.

Sol Strategies Inc. Common Shares (STKE) reported a net loss of $4.3M for fiscal year 2024.

Dividend & Returns

Sol Strategies Inc. Common Shares (STKE) has a return on equity (ROE) of 30.3%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Sol Strategies Inc. Common Shares (STKE) has a net interest margin (NIM) of N/A. NIM has been under pressure due to interest rate environment.

Sol Strategies Inc. Common Shares (STKE) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.

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