Sol Strategies Inc. Common Shares(STKE)Earnings, Financials & Key Ratios
STKE•NASDAQ•Banking & Credit
$1.54
$43M mkt cap·6.6× P/E·Price updated May 7, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustrySpecialty finance and niche asset platforms
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 Equity30.34%+197.6%
- Net Interest Margin0%
- ROA28.76%+193.7%
- Equity / Assets92.46%-6.3%
- Book Value per Share1.43+66.1%
- Tangible BV/Share1.43+66.1%
STKE Key Insights
Sol Strategies Inc. Common Shares (STKE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Well capitalized: 92.5% equity/assets
- ✓Share count reduced 4.4% through buybacks
- ✓Trading at only 1.5x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 0.2%
- ✗Weak Piotroski F-Score: 3/9
- ✗Weak momentum: RS Rating 9 (bottom 9%)
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
STKE Price & Volume
Sol Strategies Inc. Common Shares (STKE) stock price & volume — 10-year historical chart
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STKE Growth Metrics
Sol Strategies Inc. Common Shares (STKE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
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Return on Capital
10 Years0.27%
5 Years0.27%
3 Years3.01%
Last Year37.28%
STKE Peer Comparison
Sol Strategies Inc. Common Shares (STKE) competitors in Specialty finance and niche asset platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 COIN | 50.96B | 192.96 | 43.36 | 9.4% | 5.68% | 0.53 | ||
 MSTR | 60.05B | 179.84 | -11.81 | 2.97% | -25.19% | -24.09% | 0.16 | |
 SMLR | 310.75M | 20.33 | 3.96 | -17.44% | 130.8% | 10.51% | 0.00 | |
 MARA | 4.83B | 12.70 | -3.44 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 9.14B | 24.11 | -12.36 | 71.89% | -28.78% | 0.10 | ||
 HUT | 11.22B | 101.18 | -47.28 | -90.71% | -17.66% | 0.25 | ||
 CLSK | 3.58B | 13.98 | 12.48 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.4B | 20.69 | -9.62 | 48.04% | -115.53% | 3.31 |
Compare STKE vs Peers
Sol Strategies Inc. Common Shares (STKE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
STKE Income Statement
Sol Strategies Inc. Common Shares (STKE) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | 0 | 0 | -1.68M |
| NII Growth % | - | - | - | - | 0% |
| Net Interest Margin % | 0% | 0% | 0% | 0% | -1.02% |
| Interest Income | 0 | 0 | 0 | 0 | 300.49K |
| Interest Expense | 0 | 0 | 0 | 0 | 1.98M |
| Loan Loss Provision | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income | 0 | 0 | 0 | 0 | 0 |
| Non-Interest Income % | - | - | - | - | 0% |
| Total Revenue | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 300.49K▲ 0% |
| Revenue Growth % | - | - | - | - | 0% |
| Non-Interest Expense | 2.36M | -793.2K | 6.31M | -8.19M | 1.02M |
| Efficiency Ratio | - | - | - | - | 340.61% |
| Operating Income | -2.36M▲ 0% | 793.2K▲ 133.6% | -6.31M▼ 895.4% | 8.19M▲ 229.8% | -2.7M▲ 0% |
| Operating Margin % | - | - | - | - | -899.23% |
| Operating Income Growth % | - | 133.6% | -895.42% | 229.84% | - |
| Pretax Income | -2.36M▲ 0% | 793.2K▲ 133.6% | -6.31M▼ 895.4% | 8.19M▲ 229.8% | -4.29M▲ 0% |
| Pretax Margin % | - | - | - | - | -1426.45% |
| Income Tax | -1.19M | 434.74K | -26.94K | 1.58M | 49.35K |
| Effective Tax Rate % | 50.24% | 54.81% | 0.43% | 19.34% | -1.15% |
| Net Income | -1.17M▲ 0% | 358.46K▲ 130.5% | -6.28M▼ 1852.6% | 6.61M▲ 205.2% | -4.34M▲ 0% |
| Net Margin % | - | - | - | - | -1442.87% |
| Net Income Growth % | - | 130.52% | -1852.61% | 205.18% | - |
| Net Income (Continuing) | -1.17M | 358.46K | -6.28M | 6.61M | -4.34M |
| EPS (Diluted) | -0.07▲ 0% | 0.02▲ 125.6% | -0.32▼ 1887.7% | 0.32▲ 200.0% | -0.21▲ 0% |
| EPS Growth % | - | 125.57% | -1887.71% | 200% | - |
| EPS (Basic) | -0.07 | 0.02 | -0.32 | 0.32 | - |
| Diluted Shares Outstanding | 16.78M | 20.01M | 19.51M | 18.65M | 21.05M |
STKE Balance Sheet
Sol Strategies Inc. Common Shares (STKE) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Cash & Short Term Investments | 876.76K | 18.6M | 1.93M | 1.81M | 7.94M |
| Cash & Due from Banks | 876.76K | 18.54M | 1.93M | 1.81M | 3.16M |
| Short Term Investments | 0 | 60.04K | 0 | 0 | 0 |
| Total Investments | 4.62M | 3.92M | 6.46M | 1.51M | 685.66K |
| Investments Growth % | - | -15.16% | 64.91% | -76.59% | -72.84% |
| Long-Term Investments | 4.62M | 3.86M | 6.46M | 1.51M | 3.57M |
| Accounts Receivables | 476.47K | 88.66K | 62.66K | 0 | 12.48K |
| Goodwill & Intangibles | 864.02K | 675.29K | 0 | 0 | 69.98M |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 864.02K | 675.29K | 0 | 0 | 69.98M |
| PP&E (Net) | 0 | 0 | 0 | 0 | 17.63K |
| Other Assets | 24.36M | 97.24K | 7.91M | 25.58M | 90.25M |
| Total Current Assets | 1.39M | 18.74M | 2.04M | 1.81M | 3.35M |
| Total Non-Current Assets | 29.84M | 5.15M | 15.01M | 27.09M | 160.93M |
| Total Assets | 31.23M▲ 0% | 23.89M▼ 23.5% | 17.05M▼ 28.6% | 28.9M▲ 69.5% | 164.28M▲ 0% |
| Asset Growth % | - | -23.5% | -28.62% | 69.48% | 479.39% |
| Return on Assets (ROA) | -3.76% | 1.3% | -30.69% | 28.76% | -2.64% |
| Accounts Payable | 188.31K | 194.84K | 107.03K | 83.41K | 581.13K |
| Total Debt | 1.19M | 0 | 0 | 0 | 54.79M |
| Net Debt | 309.05K | -18.54M | -1.93M | -1.81M | 51.63M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 38.63M |
| Short-Term Debt | 1.19M | 0 | 0 | 0 | 16.16M |
| Other Liabilities | 0 | 0 | 0 | 0 | 3.09M |
| Total Current Liabilities | 1.51M | 308.29K | 226.48K | 1.78M | 20.03M |
| Total Non-Current Liabilities | 1.88M | 0 | 0 | 399.41K | 42.12M |
| Total Liabilities | 3.39M | 308.29K | 226.48K | 2.18M | 62.15M |
| Total Equity | 27.84M▲ 0% | 23.58M▼ 15.3% | 16.83M▼ 28.6% | 26.72M▲ 58.8% | 102.13M▲ 0% |
| Equity Growth % | - | -15.29% | -28.65% | 58.81% | 266.37% |
| Equity / Assets (Capital Ratio) | 89.15% | 98.71% | 98.67% | 92.46% | 62.17% |
| Return on Equity (ROE) | -4.22% | 1.39% | -31.09% | 30.34% | -4.25% |
| Book Value per Share | 1.66 | 1.18 | 0.86 | 1.43 | 4.85 |
| Tangible BV per Share | 1.61 | 1.14 | 0.86 | 1.43 | 1.53 |
| Common Stock | 18.56M | 18.57M | 17.86M | 17.26M | 62.6M |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -14.42M | -12.23M | -18.51M | -10.37M | -20.17M |
| Accumulated OCI | 23.7M | 17.24M | 17.47M | 19.84M | 59.71M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 |
STKE Cash Flow Statement
Sol Strategies Inc. Common Shares (STKE) cash flow — operating, investing & free cash flow history
| Line item | Sep'21 | Sep'22 | Sep'23 | Sep'24 | TTM |
|---|---|---|---|---|---|
| Cash from Operations | -1.64M | 211 | -1.13M | -856.73K | -856.73K |
| Operating CF Growth % | - | 100.01% | -537071.09% | 24.38% | -4753.77% |
| Net Income | -1.17M | 358.46K | -6.28M | 6.61M | -4.34M |
| Depreciation & Amortization | 74.56K | 255.55K | 70.89K | 31.64K | 6.6M |
| Deferred Taxes | -1.19M | 434.74K | -26.94K | 36.57K | 0 |
| Other Non-Cash Items | -75.08K | -2.43M | 4.67M | -10.59M | -19.04M |
| Working Capital Changes | 61.43K | 32.28K | 8.69K | 1.74M | 1.19M |
| Cash from Investing | -12.08M | 18.84M | -14.77M | 1.51M | -80.75M |
| Purchase of Investments | -12.57M | -3.22M | -9.43M | 0 | -77.99M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1.11M |
| Net Investment Activity | -11.57M | -2.22M | -8.43M | 1000K | -76.88M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 |
| Other Investing | 0 | 16.44M | 1.19M | -5.67M | 62.85M |
| Cash from Financing | 14.1M | -1.18M | -707.76K | -767.96K | 84.01M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -707.76K | -938.92K | 0 |
| Stock Issued | 12.05M | 0 | 0 | 0 | 17.47M |
| Net Stock Activity | 12.05M | 0 | -707.76K | -938.92K | 17.47M |
| Debt Issuance (Net) | 1000K | -1000K | 0 | 0 | 1.98M |
| Other Financing | 892.5K | 10K | 0 | 170.96K | 67.85M |
| Net Change in Cash | 391.38K▲ 0% | 17.66M▲ 4412.4% | -16.61M▼ 194.1% | -119.23K▲ 99.3% | -5.39M▲ 0% |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 485.38K | 876.76K | 18.54M | 1.93M | 1.69M |
| Cash at End | 876.76K | 18.54M | 1.93M | 1.81M | 3.16M |
| Interest Paid | 0 | 0 | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | -2.57M▲ 0% | -1.79M▲ 30.4% | -1.13M▲ 36.8% | -856.73K▲ 24.4% | -16.41M▲ 0% |
| FCF Growth % | - | 30.4% | 36.76% | 24.38% | - |
STKE Banking Ratios
Sol Strategies Inc. Common Shares (STKE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|
| Return on Equity (ROE) | 1.39% | -31.09% | 30.34% | -4.25% |
| Return on Assets (ROA) | 1.3% | -30.69% | 28.76% | -2.64% |
| Net Interest Margin | 0% | 0% | 0% | -1.02% |
| Efficiency Ratio | - | - | - | 340.61% |
| Equity / Assets | 98.71% | 98.67% | 92.46% | 62.17% |
| Book Value / Share | 1.18 | 0.86 | 1.43 | 4.85 |
| Dividend Payout | - | - | - | 0% |
STKE Frequently Asked Questions
Sol Strategies Inc. Common Shares (STKE) stock FAQ — growth, dividends, profitability & financials explained
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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Sol Strategies Inc. Common Shares (STKE) financial analysis — history, returns, DCA and operating performance tools
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