SLDP (SLDP) financial statements
SLDP reported revenue of $18M in fiscal 2025, up 53.5% a year over 5 years.
Net income was -$93M and the operating margin -562.9%, against -551.3% in 2020.
Free cash flow was -$84M, and the company returned $4M in net buybacks.
The diluted share count rose 167% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SLDP's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $2M | $3M | $12M | $17M | $20M | $18M |
| Research and development | $10M | $17M | $39M | $55M | $73M | $73M |
| Selling, general and admin | $2M | $9M | $26M | $26M | $32M | $29M |
| Operating income | -$12M | -$27M | -$59M | -$91M | -$105M | -$101M |
| Interest expense | $361,000 | $394,000 | $42,000 | $84,000 | $46,000 | $25,000 |
| Pre-tax income | -$14M | $18M | -$10M | -$66M | -$95M | -$93M |
| Income tax | $118,000 | -$25,000 | -$227,000 | $2,000 | $1M | -$8,000 |
| Net income | -$14M | $18M | -$10M | -$66M | -$97M | -$93M |
| EPS (diluted) | -$0.21 | $0.11 | -$0.05 | -$0.37 | -$0.54 | -$0.51 |
| Diluted shares | 69M | 95M | 174M | 178M | 179M | 185M |
| Operating margin | -551.3% | -978.8% | -501.5% | -520.5% | -523.0% | -562.9% |
| Net margin | -683.5% | 667.1% | -81.1% | -376.5% | -479.3% | -521.5% |
Balance sheet
Fiscal years, from SLDP's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $5M | $589M | $323M | $176M | $118M | $251M |
| Receivables | — | — | — | — | $1M | $2M |
| Total current assets | $5M | $594M | $328M | $183M | $125M | $267M |
| Property, plant and equipment | $8M | $22M | $83M | $99M | $97M | $86M |
| Goodwill | — | — | $0 | — | — | — |
| Total assets | $14M | $618M | $594M | $533M | $448M | $455M |
| Total current liabilities | $2M | $8M | $21M | $16M | $20M | $17M |
| Long-term debt | $1M | $10,000 | — | — | — | — |
| Total liabilities | $10M | $59M | $39M | $29M | $38M | $39M |
| Shareholders' equity | $4M | $559M | $555M | $503M | $410M | $416M |
| Net debt | -$2M | -$513M | -$50M | -$35M | -$25M | -$22M |
Cash flow
Fiscal years, from SLDP's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$10M | -$25M | -$34M | -$58M | -$64M | -$73M |
| Capital spending | $1M | $13M | $58M | $35M | $16M | $10M |
| Free cash flow | -$11M | -$38M | -$92M | -$93M | -$80M | -$84M |
| Stock-based compensation | $182,000 | $3M | $9M | $10M | $12M | $9M |
| Share buybacks (net) | — | — | — | — | -$9M | -$4M |
| Net borrowing | $247,000 | -$3M | -$121,000 | -$7,000 | — | — |
| Free cash flow margin | -523.8% | -1403.3% | -781.4% | -532.9% | -396.4% | -466.7% |
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Open SLDP in InvestinglyQuestions
What was SLDP's revenue in 2025?
$18M in fiscal 2025, from its 10-K filing.
How much free cash flow does SLDP generate?
-$84M in fiscal 2025 (operating cash flow minus capital spending).
From SLDP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.