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Financials · SEI

Solaris Energy Infrastructure Inc. (SEI) financials

For the twelve months ended Sep 30, 2026, Solaris Energy Infrastructure Inc. reported $936.43M of revenue and $90.23M of net income.

Revenue, TTM
$936.43M
Revenue growth, YoY
+73.8%
Net income, TTM
$90.23M
Net income growth, YoY
+55.8%
Net margin
9.6%
Free cash flow, TTM
-$1.06B
Cash
$399.46M
Total debt
$1.72B
P/E
49.02
P/S
4.72
Market cap
$4.42B
Annual revenue$622.21M
FY2016FY2025
Annual net income$30.17M
FY2016FY2025
Annual free cash flow-$437.65M
FY2016FY2025

SEI revenue and earnings growth

SEI revenueQ3 2026$341.09M

Quarter YoY
+104.4%
QoQ
+55.5%
FY YoY
+98.7%
5Y CAGR
+43.3%
10Y CAGR
+45.9%

SEI revenue was $341.09M in fiscal Q3 2026 (ended Sep 30, 2026), up 104.4% from a year earlier and up 55.5% from the prior quarter. For the full fiscal 2025 it was $622.21M, up 98.7% from fiscal 2024. Compound annual growth was +43.3% over 5 years and +45.9% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

SEI net incomeQ3 2026$34.60M

Quarter YoY
+137.8%
QoQ
+37.1%
FY YoY
+90.8%

SEI net income was $34.60M in fiscal Q3 2026 (ended Sep 30, 2026), up 137.8% from a year earlier and up 37.1% from the prior quarter. For the full fiscal 2025 it was $30.17M, up 90.8% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

SEI free cash flowQ3 2026-$334.67M

SEI free cash flow was -$334.67M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $462.0K a year earlier. For the full fiscal 2025 it was -$437.65M, compared with -$129.05M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$622.21M$313.09M$292.95M$320.00M$159.19M$102.98M$241.69M$197.20M$67.39M$18.16M
Research and development-----$0$0$0$210.0K$476.0K
Selling, general and admin$61.66M$35.62M$26.95M$23.07M$19.26M$16.48M$18.59M$16.76M$14.29M$2.10M
Operating income$135.39M$52.82M$49.90M$41.80M-$387.0K-$59.90M$107.93M$99.29M$25.46M$2.86M
Interest expense$27.59M$13.27M$3.45M---$634.0K$374.0K$97.0K$23.0K
Pre-tax income$73.08M$36.92M$46.59M$41.31M-$634.0K-$60.06M$107.30M$98.91M$48.39M$2.85M
Income tax$14.68M$8.01M$7.82M$7.80M$626.0K-$8.97M$16.94M$12.96M$33.71M$43.0K
Net income$30.17M$15.81M$24.34M$21.16M-$868.0K-$29.34M$52.01M$42.43M-$4.17M$2.80M
EPS, basic-------$1.60-$0.34-
EPS, diluted-------$1.59-$0.34-
Diluted shares-------25,82912,117-

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$353.32M$159.87M$5.83M$8.84M$36.50M$60.37M$66.88M$25.06M$63.42M$3.57M
Receivables$91.39M$71.77M-$64.54M$29.51M$18.24M$38.55M$39.75M$12.98M$4.51M
Inventory$15.70M$10.95M$6.67M$5.29M$1.65M$954.0K$7.14M$10.47M$7.53M$1.36M
Current assets$483.02M$250.98M$67.14M$88.74M$81.07M$81.73M$117.58M$80.77M$87.55M$9.85M
Goodwill$105.36M$103.98M$13.00M$13.00M$13.00M$13.00M$17.24M$17.24M$17.24M$13.00M
Total assets$2.14B$1.13B$468.30M$462.58M$406.22M$411.90M$505.07M$458.61M$299.74M$77.24M
Current liabilities$163.30M$65.53M$37.20M$55.91M$29.30M$20.21M$20.39M$35.33M$20.50M$3.08M
Short-term debt$4.03M$8.13M--------
Long-term debt$179.99M$307.61M$30.00M-------
Total debt$184.02M$315.73M$30.00M-----$0$451.0K
Total liabilities$1.32B$463.73M$152.72M$145.45M$108.35M$96.42M$95.41M$117.73M$45.50M$5.89M
Shareholders' equity$564.34M$666.73M$315.58M$317.13M$297.88M$315.48M$409.66M$340.88M$254.24M$71.35M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$209.10M$59.37M$89.35M$68.00M$16.47M$43.85M$114.87M$116.36M$26.73M$4.52M
Capital expenditures$646.76M$188.42M$64.39M$81.41M$19.64M$4.66M$34.85M$161.08M$93.91M$10.90M
Free cash flow-$437.65M-$129.05M$24.96M-$13.41M-$3.17M$39.19M$80.02M-$44.71M-$67.18M-$6.38M
Investing cash flow-$686.36M-$305.03M-$62.00M-$79.54M-$19.52M-$3.77M-$34.00M-$160.54M-$98.98M-$10.94M
Financing cash flow$670.70M$399.70M-$30.35M-$16.12M-$20.82M-$46.59M-$39.04M$5.82M$132.11M$3.06M
Dividends paid$21.76M$14.60M$14.07M$13.80M$13.41M$12.39M$12.76M$2.75M--
Share repurchases$0$8.09M$26.44M--$26.72M$3.25M---
Stock-based compensation$23.37M$10.59M$7.74M$6.09M$5.21M$4.74M$4.47M$3.86M$3.70M$127.0K
Depreciation and amortization$84.28M$47.22M$36.19M$30.43M$27.21M$27.02M$26.93M$18.42M$6.63M$3.79M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY98.7%6.9%-8.5%101.0%54.6%-57.4%22.6%192.6%271.2%27.8%
Net income growth, YoY90.8%-35.0%15.0%---22.6%---
Operating margin21.8%16.9%17.0%13.1%-0.2%-58.2%44.7%50.3%37.8%15.8%
Net margin4.8%5.0%8.3%6.6%-0.5%-28.5%21.5%21.5%-6.2%15.4%
Free cash flow margin-70.3%-41.2%8.5%-4.2%-2.0%38.1%33.1%-22.7%-99.7%-35.1%
Return on equity5.3%2.4%7.7%6.7%-0.3%-9.3%12.7%12.4%-1.6%3.9%
Return on assets1.4%1.4%5.2%4.6%-0.2%-7.1%10.3%9.3%-1.4%3.6%
Current ratio2.963.831.801.592.774.045.772.294.273.20
Debt to equity0.330.470.10-----0.000.01

Source: XBRL data Solaris Energy Infrastructure Inc. files with the SEC, latest filing dated Nov 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SEI peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SEI$936.43M+73.8%$90.23M9.6%$4.42B
BKR$28.74B+3.7%$2.90B10.1%$47.53B
FTI$10.67B+9.1%$1.28B12.0%$24.70B
NOV$8.69B-1.0%$148.00M1.7%$6.26B
WFRD$4.69B-5.7%$409.00M8.7%$6.12B
WHD$1.53B+40.4%$183.90M12.0%$4.66B
DNOW$4.79B+96.8%-$186.00M-3.9%$2.40B
FLOC$901.22M+20.4%$57.32M6.4%$1.81B
INVX$1.02B+7.0%$48.61M4.8%$1.76B

SEI FAQ

7 questions
  • What is SEI revenue?
    Solaris Energy Infrastructure Inc. (SEI) reported $936.43M of revenue for the twelve months ended Sep 30, 2026. That is up 73.8% from the year before. Revenue for fiscal 2025 was $622.21M.
  • Is SEI profitable?
    Yes. Solaris Energy Infrastructure Inc. earned $90.23M in net income for the twelve months ended Sep 30, 2026, a net margin of 9.6%.
  • How much cash and debt does SEI have?
    Solaris Energy Infrastructure Inc. reported $399.46M in cash and cash equivalents and $1.72B of debt on its most recent balance sheet in SEC filings.
  • How fast is SEI revenue growing?
    Solaris Energy Infrastructure Inc.'s revenue changed +98.7% in fiscal 2025, to $622.21M. Its compound annual growth rate was +43.3% over 5 years and +45.9% over 10 years.
  • What is SEI free cash flow?
    Solaris Energy Infrastructure Inc. generated -$1.06B of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $573.94M less capital expenditures.
  • When did SEI last report financial results?
    The latest statements here come from Solaris Energy Infrastructure Inc.'s 10-Q filed on Nov 6, 2026, covering the period ended Sep 30, 2026.
  • Where does this SEI financial data come from?
    Quantisnow builds these statements from the structured XBRL data Solaris Energy Infrastructure Inc. files with the SEC. It is provided for information only and is not investment advice.