STI · Solidion Technology Inc.
Solidion Technology, Inc., a battery technology company that focuses on the development and commercialization of battery materials, components, cells, and selected module/pack technologies. It provides advanced anode materials, silicon-rich all-solid-state lithium-ion cells, anode less lithium metal cells, and lithium-sulfur cells. The company also offers graphene or elastomer enhanced silicon, and SiOx, a silicon oxide anode; biochar-based anode; and electrolytes. The company was founded in 2015 and is headquartered in Dallas, Texas.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $6.97 |
| SO | 7.7M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 7.8M |
| MC | $54.1M |
| Cash | $0.0M |
| Total debt | $2.6M |
| EV | $56.6M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 257.8x |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 1.2% |
| Insiders | 67.1% |
| # Institutions | 20 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | 13.7% |
| Days to cover | 0.05 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-19. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 0.12 | 0.09 | 0.00 | 0.01 |
| Revenue YoY % | 3022.8% | — | — | — |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.12 | 0.08 | — | 0.01 |
| Gross Profit YoY % | 7366.5% | — | — | — |
| Gross Margin % | 100.0% | 98.0% | — | 53.8% |
| SG&A | 1.12 | 1.46 | 5.11 | 1.22 |
| R&D | 0.37 | 0.40 | 1.15 | 0.52 |
| Operating Expense | 1.49 | 1.86 | — | 1.75 |
| Operating Income | (1.37) | (1.77) | (6.26) | (1.74) |
| Operating Income YoY % | 23.5% | 43.4% | (159.3%) | 58.4% |
| Operating Margin % | (1094.6%) | (2077.0%) | — | (18640.6%) |
| EBITDA | (1.30) | (1.71) | (6.17) | (1.67) |
| EBITDA Margin % | (1040.7%) | (1998.1%) | — | (17908.5%) |
| Interest Expense | 0.15 | 0.15 | (0.22) | 0.11 |
| Other Income / (Expense) | (1.37) | — | (37.96) | (2.24) |
| Pretax Income | (2.89) | (1.43) | (43.99) | (4.09) |
| Net Income | (2.89) | (1.43) | (43.99) | (4.09) |
| Net Margin % | (2311.0%) | (1674.7%) | — | (43766.3%) |
| Diluted EPS | -$0.35 | -$0.18 | -$9.27 | -$1.33 |
| Basic EPS | -$0.35 | -$0.18 | -$11.38 | -$1.33 |
| Diluted Avg Shares | 8.4 | 7.8 | — | 3.1 |
| Basic Avg Shares | 8.4 | 7.8 | — | 3.1 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 0.22 | 0.01 | — | 0.01 | — |
| Revenue YoY % | 1545.6% | — | — | — | — |
| Cost of Revenue | 0.01 | 0.01 | — | — | — |
| Gross Profit | — | 0.01 | — | 0.01 | — |
| Gross Margin % | — | 50.2% | — | 100.0% | — |
| SG&A | 8.91 | 9.50 | 10.92 | 2.31 | 0.81 |
| R&D | 2.44 | 3.42 | 2.38 | 3.02 | — |
| Operating Expense | — | 12.93 | — | 5.33 | — |
| Operating Income | (11.14) | (12.92) | (13.30) | (5.32) | — |
| Operating Income YoY % | 13.8% | 2.8% | (149.9%) | — | — |
| Operating Margin % | (5072.0%) | (96785.8%) | — | (76651.5%) | — |
| EBITDA | (10.85) | (12.63) | (12.95) | (4.77) | — |
| EBITDA Margin % | (4939.6%) | (94580.3%) | — | (68689.9%) | — |
| Interest Expense | 0.19 | 0.11 | 0.37 | — | — |
| Other Income / (Expense) | (41.07) | (27.97) | (18.75) | 10.65 | — |
| Pretax Income | (52.40) | (41.00) | (32.42) | 5.32 | 0.93 |
| Tax Provision | — | — | — | — | 0.34 |
| Net Income | (52.40) | (41.00) | (32.42) | 5.32 | 0.59 |
| Net Income to Common | (52.40) | (41.00) | (32.42) | (5.32) | 0.59 |
| Net Margin % | (23852.8%) | (307146.1%) | — | 76679.5% | — |
| Diluted EPS | -$11.13 | -$10.39 | -$15.80 | $0.08 | — |
| Basic EPS | -$13.24 | -$10.39 | -$15.80 | $0.08 | — |
| Diluted Avg Shares | 8.4 | 3.9 | 2.1 | 69.8 | — |
| Basic Avg Shares | 8.4 | 3.9 | 2.1 | 69.8 | — |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 27.68 | 0.04 | 0.20 | 0.16 |
| Receivables | 0.05 | 0.02 | 0.01 | 0.01 |
| Inventory | 0.02 | 0.02 | 0.02 | 0.02 |
| Other Current Assets | 0.69 | 1.28 | 0.55 | 0.82 |
| Total Current Assets | 28.44 | 1.36 | 0.78 | 1.01 |
| Net PPE | 1.93 | 1.97 | 2.02 | 2.07 |
| Intangible Assets | 2.00 | 2.00 | 1.99 | 2.00 |
| Total Assets | 32.37 | 5.33 | 4.80 | 5.09 |
| Other Liabilities | 10.69 | 13.60 | 11.98 | 22.49 |
| Total Liabilities | 10.69 | 13.60 | 11.98 | 22.49 |
| Retained Earnings | (167.69) | (164.80) | (163.37) | (112.89) |
| Total Equity | 21.68 | (8.27) | (7.19) | (17.41) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 27.68 | 0.20 | 3.35 | 0.00 | 0.62 |
| Receivables | 0.05 | 0.01 | 0.00 | 0.00 | — |
| Inventory | 0.02 | 0.02 | 0.02 | 0.02 | — |
| Other Current Assets | 0.69 | 0.55 | 0.51 | — | — |
| Total Current Assets | 28.44 | 0.78 | 3.89 | 0.26 | 0.76 |
| Net PPE | 1.93 | 2.02 | 2.09 | 2.32 | — |
| Intangible Assets | 2.00 | 1.99 | 1.97 | — | — |
| Other Assets | — | — | — | 1.85 | 127.82 |
| Total Assets | 32.37 | 4.80 | 7.96 | 4.43 | 128.58 |
| Other Current Liabilities | — | — | — | — | 0.91 |
| Total Current Liabilities | — | — | — | — | 0.91 |
| Other Liabilities | 10.69 | 11.98 | 30.86 | 1.02 | 4.32 |
| Total Liabilities | 10.69 | 11.98 | 30.86 | 1.02 | 5.23 |
| Mezzanine Equity | — | — | — | — | 127.24 |
| Retained Earnings | (167.69) | (163.37) | (122.37) | (25.45) | (3.90) |
| Total Equity | 21.68 | (7.19) | (22.90) | 3.41 | (3.89) |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | (2.89) | (1.43) | (43.99) | (4.09) |
| D&A | 0.07 | 0.07 | 0.09 | 0.07 |
| Stock-Based Comp | 0.29 | 0.28 | 1.64 | 0.35 |
| Δ Working Cap & Other | (1.45) | 0.94 | 41.33 | 3.32 |
| Operating Cash Flow | (3.97) | (0.14) | (0.93) | (0.35) |
| CapEx | — | — | 0.00 | 0.00 |
| Investing Cash Flow | (0.02) | (0.02) | (0.03) | (0.03) |
| Other Financing | — | — | 1.00 | — |
| Financing Cash Flow | — | — | 1.00 | 0.43 |
| Free Cash Flow | — | — | (0.93) | (0.35) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (52.40) | (41.00) | (32.42) | 5.32 | 0.59 |
| D&A | 0.29 | 0.29 | 0.35 | 0.55 | — |
| Stock-Based Comp | 2.56 | 2.95 | 2.37 | — | — |
| Δ Working Cap & Other | 44.15 | 33.22 | 22.32 | (9.95) | (1.32) |
| Operating Cash Flow | (5.40) | (4.54) | (7.38) | (4.07) | (0.73) |
| CapEx | — | (0.12) | — | — | — |
| Other Investing | — | — | — | — | (125.97) |
| Investing Cash Flow | (0.10) | (0.24) | (0.25) | (0.38) | (125.97) |
| Stock Issuance | — | — | 7.85 | — | 123.50 |
| Other Financing | — | 1.63 | 3.13 | 3.82 | 3.74 |
| Financing Cash Flow | — | 1.63 | 10.98 | 3.82 | 127.24 |
| Free Cash Flow | — | (4.65) | — | — | — |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | — |
| EBITDA Margin % | (1040.7%) | (1998.1%) | — | (17908.5%) |
| Working Capital | — | — | — | — |
| Net Debt | — | — | — | — |
| ROE % | (13.3%) | 17.3% | 612.2% | 23.5% |
| ROA % | (8.9%) | (26.9%) | (917.1%) | (80.5%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | 0.84 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | — | — | — | — | — |
| EBITDA Margin % | (4939.6%) | (94580.3%) | — | (68689.9%) | — |
| Working Capital | — | — | — | — | (0.15) |
| Net Debt | — | — | — | — | — |
| ROE % | (241.8%) | 570.6% | 141.5% | 156.0% | (15.2%) |
| ROA % | (161.9%) | (854.8%) | (407.5%) | 120.2% | 0.5% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | S | (13,500) | $44.89 | -$605,985 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | J | (214,037) | — | $-0 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | J | 214,037 | — | $0 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | P | 2,000 | $35.99 | $71,990 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | S | (192,437) | $37.31 | -$7,179,170 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | M | 214,037 | $3.10 | $662,466 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-05 | M | 246,664 | — | $0 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-04 | P | 23,000 | $24.66 | $567,125 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-04 | S | (188,951) | $23.43 | -$4,427,216 |
| 2026-06-11 | Ikezi Henry | 10% Owner | 2026-06-03 | P | 1,000 | $4.85 | $4,850 |
| 2026-06-05 | Global Graphene Group, Inc. | 10% Owner | 2026-06-04 | S | (175,000) | $21.09 | -$3,691,205 |
| 2025-12-15 | Global Graphene Group, Inc. | 10% Owner | 2025-12-12 | S | (750) | $7.87 | -$5,902 |
| 2025-12-15 | Global Graphene Group, Inc. | 10% Owner | 2025-12-11 | S | (568) | $7.87 | -$4,472 |
| 2025-11-26 | Global Graphene Group, Inc. | 10% Owner | 2025-11-26 | S | (3,225) | $10.39 | -$33,516 |
| 2025-11-26 | Global Graphene Group, Inc. | 10% Owner | 2025-11-25 | S | (4,910) | $10.53 | -$51,690 |
| 2025-11-26 | Global Graphene Group, Inc. | 10% Owner | 2025-11-24 | S | (1,865) | $10.89 | -$20,303 |
| 2025-10-15 | Tjon Karin-Joyce | Director | 2025-10-09 | A | 40,000 | — | $0 |
| 2025-10-14 | Global Graphene Group, Inc. | 10% Owner | 2025-10-09 | J | 450,000 | $5.08 | $2,286,000 |
| 2025-10-14 | Davis John Linzy | Director | 2025-10-09 | A | 40,000 | — | $0 |
| 2025-09-12 | Global Graphene Group, Inc. | 10% Owner | 2025-09-12 | S | (4,000) | $5.67 | -$22,660 |
| 2025-09-12 | Global Graphene Group, Inc. | 10% Owner | 2025-09-11 | S | (6,532) | $5.25 | -$34,293 |
| 2025-09-12 | Global Graphene Group, Inc. | 10% Owner | 2025-09-10 | S | (23,468) | $5.38 | -$126,324 |
| 2025-06-13 | Global Graphene Group, Inc. | 10% Owner | 2025-06-13 | S | (5,018) | $3.40 | -$17,061 |
| 2025-06-12 | Global Graphene Group, Inc. | 10% Owner | 2025-06-11 | S | (746) | $3.51 | -$2,619 |
| 2025-06-12 | Global Graphene Group, Inc. | 10% Owner | 2025-06-10 | S | 5,323 | $3.43 | $18,275 |
| 2025-04-29 | Global Graphene Group, Inc. | 10% Owner | 2025-04-29 | S | (99,717) | $0.10 | -$9,982 |
| 2025-04-29 | Global Graphene Group, Inc. | 10% Owner | 2025-04-28 | S | (99,183) | $0.10 | -$10,295 |
| 2025-04-29 | Global Graphene Group, Inc. | 10% Owner | 2025-04-25 | S | (301,100) | $0.11 | -$32,940 |