SLNG (SLNG) financial statements
SLNG reported revenue of $68M in fiscal 2025, up 6.8% a year over 9 years.
Net income was -$1M and the operating margin -1.9%, against -19.5% in 2016.
Free cash flow was $462,000.
The diluted share count rose 124% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SLNG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38M | $6M | $37M | $47M | $42M | $69M | $99M | $73M | $73M | $68M |
| Cost of revenue | $37M | $5M | $6M | — | — | $55M | $78M | $55M | $52M | $50M |
| Gross profit | $1M | $1M | $2M | — | — | $14M | $21M | $18M | $21M | $18M |
| Research and development | $962,000 | $280,000 | — | — | — | — | — | — | — | — |
| Selling, general and admin | $7M | $7M | $7M | $11M | $11M | $14M | $13M | $13M | $12M | $13M |
| Operating income | -$7M | -$5M | -$1M | -$5M | -$8M | -$7M | $28,000 | $879,000 | $5M | -$1M |
| Interest expense | — | $50,000 | $24,000 | $537,000 | $418,000 | $901,000 | $770,000 | $509,000 | $300,000 | $294,000 |
| Pre-tax income | -$7M | -$3M | -$11M | -$5M | -$6M | -$7M | -$927,000 | $369,000 | $5M | -$1M |
| Income tax | $44,000 | -$3M | $0 | $116,000 | $256,000 | $487,000 | $265,000 | $244,000 | $485,000 | $54,000 |
| Net income | -$7M | -$2M | -$11M | -$6M | -$7M | -$8M | -$3M | $125,000 | $5M | -$1M |
| EPS (diluted) | -$0.89 | -$0.30 | -$2.42 | -$0.39 | -$0.40 | -$0.45 | -$0.17 | $0.01 | $0.25 | -$0.07 |
| Diluted shares | 8M | 9M | 5M | 15M | 17M | 18M | 18M | 19M | 19M | 19M |
| Gross margin | 2.7% | 20.1% | 5.1% | — | — | 20.2% | 21.4% | 24.9% | 29.0% | 26.4% |
| Operating margin | -19.5% | -78.9% | -3.3% | -11.5% | -19.2% | -10.6% | 0.0% | 1.2% | 6.8% | -1.9% |
| Net margin | -18.7% | -39.0% | -29.6% | -12.1% | -16.3% | -11.3% | -3.2% | 0.2% | 6.3% | -2.0% |
Balance sheet
Fiscal years, from SLNG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $243,000 | $1M | $4M | $2M | $910,000 | $11M | $5M | $9M | $7M |
| Receivables | $7M | $794,000 | $4M | $6M | $6M | $9M | $16M | $8M | $6M | $3M |
| Inventory | $1M | $2,000 | $106,000 | $209,000 | $226,000 | $258,000 | $205,000 | $169,000 | $345,000 | $342,000 |
| Total current assets | $16M | $17M | $8M | $14M | $11M | $16M | $32M | $15M | $17M | $13M |
| Property, plant and equipment | $7M | $598,000 | $67M | $60M | $52M | $54M | $48M | $49M | $52M | $53M |
| Goodwill | — | — | $0 | $4M | $4M | $4M | $4M | $4M | $4M | $4M |
| Total assets | $35M | $36M | $75M | $90M | $80M | $87M | $97M | $81M | $86M | $83M |
| Total current liabilities | $13M | $16M | $12M | $15M | $14M | $16M | $28M | $12M | $12M | $10M |
| Long-term debt | — | — | $7M | $0 | $682,000 | $8M | $9M | $8M | $7M | $6M |
| Total liabilities | $20M | $21M | $22M | $22M | $18M | $26M | $37M | $19M | $19M | $16M |
| Shareholders' equity | $11M | $10M | $51M | $68M | $62M | $61M | $60M | $62M | $67M | $67M |
| Net debt | -$2M | -$243,000 | $8M | -$4M | -$452,000 | $9M | $482,000 | $4M | -$129,000 | $227,000 |
Cash flow
Fiscal years, from SLNG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$7M | $98,000 | -$425,000 | $4M | $1M | $4M | $15M | $7M | $14M | $9M |
| Capital spending | $725,000 | $410,000 | $833,000 | $2M | $768,000 | $8M | $4M | $10M | $9M | $8M |
| Free cash flow | -$7M | -$312,000 | -$1M | $2M | $568,000 | -$3M | $11M | -$4M | $5M | $462,000 |
| Stock-based compensation | $563,000 | $373,000 | $609,000 | $0 | $530,000 | $3M | $2M | $2M | $1M | $447,000 |
| Share buybacks (net) | -$71,000 | -$53,000 | -$49,000 | — | — | — | — | — | — | — |
| Net borrowing | — | — | -$2M | $0 | — | — | — | — | — | — |
| Free cash flow margin | -19.4% | -5.5% | -3.4% | 4.2% | 1.4% | -4.8% | 10.9% | -4.8% | 6.2% | 0.7% |
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Open SLNG in InvestinglyQuestions
What was SLNG's revenue in 2025?
$68M in fiscal 2025, from its 10-K filing.
How much free cash flow does SLNG generate?
$462,000 in fiscal 2025 (operating cash flow minus capital spending).
From SLNG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.