SLAI - SOLAI Limited Stock Analysis | Stock Taper
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SOLAI Limited

SLAI

SOLAI Limited NYSE
$0.83 -2.36% (-0.02)

Market Cap $15.82 M
52w High $8.07
52w Low $0.63
P/E -0.41
Volume 32.77K
Outstanding Shares 18.68M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $4.4M $204K $-2.48M -56.37% $-0.96 $-2.53M

What's going well?

The company has no debt and no interest burden, so it isn't weighed down by loans. There are no one-time charges distorting the results.

What's concerning?

Costs are much higher than sales, leading to big losses. Overhead is extremely high, and the company is losing money on every dollar of revenue.

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.81M $76.57M $14.82M $52.04M
Q2-2025 $1.23M $69.09M $15.28M $43.84M
Q4-2024 $1.81M $86.33M $19.55M $56.89M
Q2-2024 $16.69M $459.87M $126.42M $333.45M

What's financially strong about this company?

Debt is very low compared to assets, and cash more than tripled this quarter. Shareholder equity is strong and growing, and the company has no goodwill risk.

What are the financial risks or weaknesses?

Accrued expenses jumped sharply, which could mean big bills are coming due. Retained earnings are deeply negative, showing a history of losses, and deferred revenue vanished.

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-6.95M $0 $0 $0 $0 $0
Q1-2025 $-6.95M $0 $0 $0 $0 $0
Q4-2024 $-2.13M $-10.3M $8.72M $0 $0 $-10.89M
Q3-2024 $-3.44M $-10.3M $8.72M $0 $0 $-10.89M
Q2-2024 $9.47M $-6.07M $5.71M $15K $0 $-6.07M

What's strong about this company's cash flow?

There are significant non-cash expenses, so reported losses may not reflect actual cash burn. No debt or dividend obligations.

What are the cash flow concerns?

No operating cash flow, no free cash flow, and no cash on hand. The company cannot sustain itself without raising outside money.

Revenue by Products

Product Q2-2021Q2-2022Q4-2022
Cryptocurrency mining
Cryptocurrency mining
$70.00M $40.00M $10.00M
Data center
Data center
$70.00M $0 $30.00M
Mining pool
Mining pool
$2.73Bn $450.00M $460.00M
Others
Others
$0 $0 $0
All Other Segments
All Other Segments
$10.00M $0 $0
Other Revenue
Other Revenue
$20.00M $0 $0

Revenue by Geography

Region Q2-2022Q4-2022
Europe
Europe
$0 $0
HONG KONG
HONG KONG
$30.00M $20.00M
KAZAKHSTAN
KAZAKHSTAN
$10.00M $0
USA
USA
$10.00M $10.00M

5-Year Trend Analysis

A comprehensive look at SOLAI Limited's financial evolution and strategic trajectory over the past five years.

+ Strengths

SLAI has made notable progress in reducing its losses, improving EBITDA, and cutting cash burn, while also lowering its debt load and simplifying its balance sheet. Liquidity metrics are reasonable, leverage is modest, and the company owns real infrastructure that can support its blockchain and AI ambitions. Strategically, it is positioned at a potentially attractive intersection of AI, stablecoins, and high‑performance blockchains, with differentiated initiatives like an AI‑native stablecoin, Solana validator operations, and an integrated payment stack for autonomous agents.

! Risks

Against these positives stand several material risks. Revenue has been shrinking, core operating income and cash flow remain negative, and the one year of positive net income is driven by discontinued operations rather than a fully proven new business. The asset and equity base have contracted sharply, cash reserves have fallen, and cumulative losses remain large, limiting financial resilience. On top of this, SLAI operates in highly competitive, rapidly evolving, and heavily scrutinized crypto and AI markets, where regulatory outcomes, technology shifts, and ecosystem risks—especially around Solana and stablecoins—could significantly affect its prospects.

Outlook

Looking forward, SLAI appears to be in a transitional phase where financial trends are directionally better—smaller losses, lower cash burn, leaner operations—but the durability and scalability of the new AI–blockchain model are still uncertain. The company’s trajectory will likely hinge on whether DOLAI and its AI payment infrastructure can gain meaningful traction and generate recurring, cash‑generative revenue before financial flexibility tightens further. Overall, the setup combines an intriguing strategic opportunity with elevated execution and funding risk, making future results highly dependent on successful delivery of the current innovation roadmap.