Solidion Technology Inc. STI
this Annual Report on Form 10-K (the "Form 10-K"), references to the "Company" and to "Solidion"
"we," "us," and "our" refer to Solidion Technology, Inc.
June 14, 2021 under the name "Nubia Brand International Corp." as a special purpose acquisition company, formed for the purpose
of effecting an initial business combination with one or more target businesses. On March 14, 2022 (the "IPO Closing Date"),
Last close
7.69
2026-09-04
Market cap
$65.5M
2026-06-30 share count
52-week range
2.94 - 46.00
Valuation FY2025 figures against the last close
P/S4,903.6x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-10.39
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $13.3K | — | $6.9K | — | — |
| Cost of revenue | $6.6K | — | — | — | — |
| Gross profit | $6.7K | — | $6.9K | — | — |
| R&D | $3.4M | $2.4M | $3.0M | — | — |
| SG&A | $9.5M | $10.9M | $2.3M | $809.2K | — |
| Total operating expenses | $12.9M | $13.3M | $5.3M | $904.2K | — |
| Operating income | -$12.9M | -$13.3M | -$5.3M | — | — |
| Interest expense | $109.0K | $367.0K | — | — | — |
| Pre-tax income | -$41.0M | -$32.4M | -$5.3M | $933.8K | — |
| Income tax | — | — | — | $339.9K | — |
| Net income | -$41.0M | -$32.4M | -$5.3M | $593.9K | — |
| EPS, basic | -10.39 | -15.80 | -0.08 | — | — |
| EPS, diluted | -10.39 | -15.80 | -0.08 | — | — |
| Shares, diluted (wtd. avg.) | $3.9M | $2.1M | $69.8M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $204.7K | $3.4M | $780 | $621.6K | — |
| Receivables | $5.1K | $999 | $2.2K | — | — |
| Inventory | $24.4K | $24.4K | $22.7K | — | — |
| Total current assets | $783.2K | $3.9M | $258.1K | $761.3K | — |
| Property, plant and equipment | $2.0M | $2.1M | $2.3M | — | — |
| Other intangibles | $2.0M | $2.0M | — | — | — |
| Total assets | $4.8M | $8.0M | $4.4M | $128.6M | $180.3K |
| Accounts payable | $3.5M | $2.1M | $144.9K | $439.1K | $491 |
| Total current liabilities | — | — | — | $909.3K | $156.8K |
| Total liabilities | $12.0M | $30.9M | $1.0M | $5.2M | $156.8K |
| Retained earnings | -$163.4M | -$100.6M | -$122.5M | -$3.9M | -$1.4K |
| Total equity | -$7.2M | -$18.2M | $3.4M | $6.0M | $23.6K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$4.5M | -$7.4M | -$4.1M | -$725.1K | — |
| Depreciation and amortisation | $190.3K | $224.6K | $311.3K | — | — |
| Stock-based compensation | $2.9M | $2.4M | — | — | — |
| Capital expenditure | $117.8K | — | — | — | — |
| Investing cash flow | -$240.7K | -$246.1K | -$376.1K | -$126.0M | — |
| Financing cash flow | $1.6M | $11.0M | $3.8M | $127.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-045227.
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