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Solidion Technology Inc.

STI

Solidion Technology Inc. • NASDAQ
$10.92 ▲ 2.54% (+0.27)
Market Cap $29.16 M
52w High $55.00
52w Low $2.94
Dividend Yield 0%
P/E -3.69
Volume 46.81K
Outstanding Shares 2.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $9.35K ▲ $1.679M ▼ $-4.092M ▼ -43.766K% ▲ $-1.33 ▼ $-3.911M ▼
Q2-2025 $4K ▲ $1.72M ▼ $-2.114M ▼ -52.846K% ▼ $0.049 ▼ $-1.933M ▼
Q1-2025 $0 $3.063M ▲ $9.195M ▲ 0% $3.06 ▲ $9.371M ▲
Q4-2024 $0 $2.362M ▼ $-11.544M ▼ 0% $-4.85 ▼ $-11.172M ▼
Q3-2024 $0 $4.092M $-6.637M 0% $-3.34 $-6.512M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $160.506K ▲ $5.165M ▼ $22.492M ▲ $-17.327M ▼
Q2-2025 $114.652K ▼ $5.415M ▼ $19.429M ▲ $-14.014M ▼
Q1-2025 $1.17M ▼ $6.732M ▼ $18.835M ▼ $-12.103M ▲
Q4-2024 $3.354M ▲ $8.036M ▲ $30.858M ▲ $-22.822M ▼
Q3-2024 $1.189M $6.181M $24.887M $-18.706M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-4.092M ▼ $-351.784K ▲ $-32.384K ▲ $430.022K ▲ $45.854K ▲ $-351.784K ▲
Q2-2025 $146.791K ▼ $-913.719K ▲ $-141.342K ▼ $-460 ▼ $-1.056M ▲ $-1.055M ▲
Q1-2025 $9.195M ▲ $-2.342M ▼ $-40.156K ▲ $198.875K ▼ $-2.184M ▼ $-2.382M ▼
Q4-2024 $-11.544M ▼ $-1.701M ▲ $-55.143K ▼ $3.921M ▲ $2.165M ▲ $-1.756M ▲
Q3-2024 $-6.637M $-2.136M $-33.097K $3.101M $932.153K $-2.169M

Revenue by Products

Product Q3-2018Q1-2019Q2-2019Q3-2019
Consumer
Consumer
 $0 ▲$110.00M ▲$140.00M ▲$120.00M ▼
Corporate Other
Corporate Other
 $0 ▲$-30.00M ▼$130.00M ▲$0 ▼
Wholesale
Wholesale
 $0 ▲$230.00M ▲$250.00M ▲$210.00M ▼
Excluded from Scope of ASC 606
Excluded from Scope of ASC 606
 $40.00M ▲$0 ▼$0 ▲$0 ▲
In Scope of ASC 606 Consumer
In Scope of ASC 606 Consumer
 $0 ▲$0 ▲$0 ▲$0 ▲
In Scope of ASC 606 Wholesale
In Scope of ASC 606 Wholesale
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Solidion is still a pre‑revenue company. Over the last few years it has essentially reported no meaningful sales and steady operating losses. This means the business is still firmly in the development phase, spending on research, staff, and overhead without yet generating product revenue to offset those costs. Losses have been widening more recently, reflecting ramp‑up and public-company costs, while the underlying business model has not yet been tested at commercial scale.

Balance Sheet

Balance Sheet The balance sheet is very light, with only modest assets and essentially no reported cash or debt. Equity has turned negative, which signals that accumulated losses now exceed the company’s recorded capital base. In practical terms, this is a financially fragile position: the company does not appear to have a large cushion to absorb setbacks and is likely highly dependent on fresh funding from investors or partners to keep progressing its plans.

Cash Flow

Cash Flow Cash flow from operations is negative and there is no offsetting cash inflow from a mature product line or major asset sales. Capital spending appears minimal so far, which is typical for a company still focused on lab‑scale and pilot‑scale work rather than large factories. Overall, the profile is one of ongoing cash burn with limited internal resources, so the business trajectory will be closely tied to its ability to secure external financing or non‑dilutive funding such as grants or strategic partnerships.

Competitive Edge

Competitive Edge From a technology and intellectual property perspective, Solidion appears well positioned. It has a large patent portfolio across solid‑state batteries, silicon‑based anodes, and advanced cell designs, and its processes are designed to plug into existing lithium‑ion manufacturing lines rather than requiring entirely new factories. That creates a potential cost and speed advantage versus some solid‑state rivals. It is also differentiating in materials (silicon/graphene anodes, sustainable synthetic graphite) and targeting multiple end markets such as EVs, drones, and data centers. However, it is still early stage, with no commercial scale, and faces intense competition from much larger, better‑funded battery companies and materials suppliers. The true strength of its competitive position will only be clear once products are adopted in volume and long‑term supply agreements are signed.

Innovation and R&D

Innovation and R&D Innovation is the company’s core focus and biggest asset. It is working on several advanced platforms at once: in‑situ solidification for safer solid‑state cells, silicon‑rich anodes enhanced with graphene for higher energy density, a lower‑carbon synthetic graphite process, and ultra‑fast‑charging battery concepts. It is also extending into specific applications like high‑performance drone batteries and backup systems for AI data centers, and has plans for future lithium‑sulfur and lithium‑metal technologies. The company’s R&D is validated to some extent by external awards and third‑party testing, and by early partnership memorandums with Asian materials firms. The flip side is execution risk: multiple ambitious programs, significant technical challenges, and the need to move from lab success to reliable, cost‑effective mass production.

Summary

Solidion is a very early‑stage, technology‑heavy battery company with no established revenue yet, consistent operating losses, and a thin, even negative, capital base. Its financials highlight dependence on outside funding and a limited margin for error. At the same time, it holds a broad and seemingly strong technology and patent portfolio targeting key bottlenecks in next‑generation batteries: safety, energy density, cost, and sustainability. The long‑term opportunity lies in successfully turning that intellectual property into commercial products and long‑term supply relationships, while managing cash burn and scaling risk. Key things to watch are: concrete customer wins, binding commercial agreements, progress from pilot to production, and how the company strengthens its balance sheet to support the transition from R&D project to operating business.

NEWS

November 21, 2025 · 6:00 AM UTC

Solidion Technology Awarded Grant From The U.S. Department of Energy

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November 10, 2025 · 6:00 AM UTC

Solidion Technology Showcases High Performance Pouch Cell For Use in Drones and Unmanned Aerial Vehicles

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October 31, 2025 · 6:00 AM UTC

Solidion Technology Regains NASDAQ Compliance

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October 30, 2025 · 6:00 AM UTC

Solidion Technology Secures $1 Million Non-Dilutive Bridge Financing from Existing Shareholder

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October 14, 2025 · 6:00 AM UTC

Solidion Technology Will Avoid Substantially Dilutive Share Sales

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