Solesence, Inc. (SLSN)

Solesence Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	47.57	52.35	37.3	37.32	29.48	17.12
Revenue Growth (YoY)	-0.47%	40.35%	-0.05%	26.61%	72.14%	36.88%
Cost of Revenue	35.54	36.16	29.47	28.96	20.79	11.13
Gross Profit	15.4	16.19	7.83	8.36	8.69	5.99
Selling, General & Admin	7.02	7.22	7.53	7.58	3.9	2.93
Research & Development	3.07	3.84	3.84	3.04	2.24	1.57
Total Operating Expenses	10.09	11.06	11.37	10.62	6.13	4.51
Operating Income	5.31	5.13	-3.55	-2.26	2.56	1.49
Interest Expense	-0.71	-0.67	-0.84	0.38	1.15	0.5
Other Non-Operating Income (Expense)	0	-	-	-	0.95	-
Total Non-Operating Income (Expense)	0.52	-0.67	-0.84	0.38	2.11	0.5
Pretax Income	2.8	4.46	-4.38	-2.64	2.36	0.99
Provision for Income Taxes	0.62	0.23	0.01	-0.02	0.04	-
Net Income	2.19	4.24	-4.39	-2.62	2.32	0.99
Net Income to Common	2.19	4.24	-4.39	-2.62	2.32	0.99
Net Income Growth	-17.93%	-	-	-	134.58%	-
Shares Outstanding (Basic)	70	62	50	49	48	38
Shares Outstanding (Diluted)	71	65	50	49	49	39
Shares Change (YoY)	19.90%	31.22%	0.89%	-0.60%	28.19%	5.33%
EPS (Basic)	0.01	0.07	-0.09	-0.05	0.06	0.03
EPS (Diluted)	0.01	0.07	-0.09	-0.05	0.06	0.03
EPS Growth	-66.67%	-	-	-	100.00%	-
Free Cash Flow	-12.48	-2.59	-3.06	-4.47	0.45	-2.94
Free Cash Flow Per Share	-0.17	-0.04	-0.06	-0.09	0.01	-0.08
Gross Margin	32.37%	30.92%	20.98%	22.40%	29.48%	34.98%
Operating Margin	11.16%	9.80%	-9.51%	-6.05%	8.68%	8.67%
Profit Margin	4.60%	8.09%	-11.77%	-7.03%	7.87%	5.78%
FCF Margin	-26.24%	-4.94%	-8.20%	-11.99%	1.52%	-17.16%
EBITDA	6.21	6.06	-2.8	-1.69	3.01	1.84
EBITDA Margin	13.06%	11.58%	-7.52%	-4.53%	10.22%	10.76%
EBIT	5.31	5.13	-3.55	-2.26	2.56	1.49
EBIT Margin	11.16%	9.80%	-9.51%	-6.05%	8.68%	8.67%
Effective Tax Rate	22.00%	5.09%	-0.14%	0.64%	1.57%	0.00%

Updated Sep 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q