SLAI
SLAI
SOLAI LimitedIncome 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 | Q2-2021 | Q2-2022 | Q4-2022 |
|---|---|---|---|
Cryptocurrency mining | $70.00M ▲ | $40.00M ▼ | $10.00M ▼ |
Data center | $70.00M ▲ | $0 ▼ | $30.00M ▲ |
Mining pool | $2.73Bn ▲ | $450.00M ▼ | $460.00M ▲ |
Others | $0 ▲ | $0 ▲ | $0 ▲ |
All Other Segments | $10.00M ▲ | $0 ▼ | $0 ▲ |
Other Revenue | $20.00M ▲ | $0 ▼ | $0 ▲ |
Revenue by Geography
| Region | Q2-2022 | Q4-2022 |
|---|---|---|
Europe | $0 ▲ | $0 ▲ |
HONG KONG | $30.00M ▲ | $20.00M ▼ |
KAZAKHSTAN | $10.00M ▲ | $0 ▼ |
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.
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.
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.
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.
About SOLAI Limited
https://www.solai.comSolai Ltd. is a technology-driven crypto currency infrastructure company. It is based on ecosystem spanning AI, stablecoins and payment infrastructure, and Solanatreasury and staking operations-supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. The company was founded by Man San Law in 2001 and is headquartered in Akron, OH.
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 | Q2-2021 | Q2-2022 | Q4-2022 |
|---|---|---|---|
Cryptocurrency mining | $70.00M ▲ | $40.00M ▼ | $10.00M ▼ |
Data center | $70.00M ▲ | $0 ▼ | $30.00M ▲ |
Mining pool | $2.73Bn ▲ | $450.00M ▼ | $460.00M ▲ |
Others | $0 ▲ | $0 ▲ | $0 ▲ |
All Other Segments | $10.00M ▲ | $0 ▼ | $0 ▲ |
Other Revenue | $20.00M ▲ | $0 ▼ | $0 ▲ |
Revenue by Geography
| Region | Q2-2022 | Q4-2022 |
|---|---|---|
Europe | $0 ▲ | $0 ▲ |
HONG KONG | $30.00M ▲ | $20.00M ▼ |
KAZAKHSTAN | $10.00M ▲ | $0 ▼ |
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.
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.
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.
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.

CEO
Xianfeng Yang
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2022-12-23 | Reverse | 1:10 |
Ratings Snapshot
Rating : C+
Most Recent Analyst Grades
Grade Summary
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