Financials · SLSN

Solesence Inc. (SLSN) financials

For the twelve months ended Jun 30, 2026, Solesence Inc. reported $55.37M of revenue and -$2.08M of net income.

Revenue, TTM
$55.37M
Revenue growth, YoY
-14.0%
Net income, TTM
-$2.08M
Net margin
-3.8%
EPS, diluted, TTM
-$0.03
Cash
$1.05M
P/S
1.14
Market cap
$63.4M
Annual revenue$62.06M
FY2016FY2025
Annual net income$1.79M
FY2016FY2025
Annual free cash flow-$2.59M
FY2016FY2024

SLSN revenue and earnings growth

SLSN revenueQ2 2026$15.33M

Quarter YoY
-24.7%
QoQ
+18.3%
FY YoY
+18.6%
5Y CAGR
+29.4%
10Y CAGR
+19.7%

SLSN revenue was $15.33M in fiscal Q2 2026 (ended Jun 30, 2026), down 24.7% from a year earlier and up 18.3% from the prior quarter. For the full fiscal 2025 it was $62.06M, up 18.6% from fiscal 2024. Compound annual growth was +29.4% over 5 years and +19.7% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.

SLSN net incomeQ2 2026-$158.0K

FY YoY
-57.7%
5Y CAGR
+12.6%

SLSN net income was -$158.0K in fiscal Q2 2026 (ended Jun 30, 2026), compared with $3.23M a year earlier. For the full fiscal 2025 it was $1.79M, down 57.7% from fiscal 2024. Compound annual growth was +12.6% over 5 years.

SLSN EPSQ2 2026$0.00

Quarter YoY
-100.0%
FY YoY
-71.4%
5Y CAGR
-7.8%

SLSN diluted EPS was $0.00 in fiscal Q2 2026 (ended Jun 30, 2026), down 100.0% from a year earlier. For the full fiscal 2025 it was $0.02, down 71.4% from fiscal 2024. Compound annual growth was -7.8% over 5 years.

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Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$62.06M$52.35M$37.30M$37.32M$29.48M$17.12M$12.51M$14.19M$12.47M$10.78M
Cost of revenue$46.00M$36.16M$29.47M$28.96M$20.79M$11.13M$9.89M$10.90M$8.62M$7.54M
Gross profit$16.06M$16.19M$7.83M$8.36M$8.69M$5.99M$2.62M$3.29M$3.85M$3.24M
Research and development$4.09M$3.84M$3.84M$3.04M$2.23M$1.57M$1.87M$2.06M$1.74M$1.55M
Selling, general and admin$10.40M$7.22M$7.53M$7.58M$3.90M$2.93M$3.54M$3.26M$2.89M$2.95M
Operating income$1.57M$5.13M-$3.55M-$2.26M$2.56M$1.49M-$2.80M-$2.02M-$772.0K-$1.27M
Interest expense-$670.0K$838.0K$382.0K$1.15M$496.0K$210.0K$58.0K$34.0K$15.0K
Pre-tax income$1.86M$4.46M-$4.38M-$2.64M$2.36M$989.0K-$3.01M-$2.08M-$789.0K-$1.28M
Income tax$73.0K$227.0K$6.0K-$17.0K$37.0K--$0$0-
Net income$1.79M$4.24M-$4.39M-$2.62M$2.32M$989.0K-$3.01M-$2.08M-$789.0K-$1.28M
EPS, basic$0.03$0.07-$0.09-$0.05$0.05$0.03-$0.08-$0.06-$0.03-$0.04
EPS, diluted$0.02$0.07-$0.09-$0.05$0.05$0.03-$0.08-$0.06-$0.03-$0.04
Diluted shares72.6M65.0M49.6M49.1M47.0M38.5M36.6M33.9M31.3M30.9M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$1.29M$1.41M$1.72M$2.19M$657.0K$957.0K$1.19M$1.34M$1.96M$1.78M
Receivables$6.84M$4.87M$3.47M$4.73M$3.94M$2.93M$970.0K$829.0K$1.11M$434.0K
Inventory$14.96M$20.27M$10.03M$8.84M$6.09M$4.34M$2.55M$2.24M$1.39M$772.0K
Current assets$25.23M$29.35M$16.30M$16.63M$11.60M$8.84M$4.99M$4.69M$4.62M$3.43M
Total assets$46.51M$50.00M$32.88M$33.56M$28.39M$13.54M$9.37M$6.57M$6.27M$4.84M
Current liabilities$13.93M$25.77M$15.59M$13.84M$7.34M$6.78M$4.41M$3.64M$2.02M$1.30M
Short-term debt-----$500.0K$500.0K---
Long-term debt---$1.00M$1.00M$952.0K----
Total debt---$1.00M$1.00M$1.45M----
Shareholders' equity$14.09M$10.35M$1.90M$5.65M$7.46M$2.73M$1.51M$1.38M$3.23M$2.79M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow-$8.57M$1.97M-$2.01M-$1.65M$2.32M-$2.06M-$2.78M-$1.34M-$960.0K-$241.0K
Capital expenditures-$4.56M$1.05M$2.82M$1.87M$878.0K$740.0K$160.0K$209.0K$128.0K
Free cash flow--$2.59M-$3.06M-$4.47M$447.0K-$2.94M-$3.52M-$1.50M-$1.17M-$369.0K
Investing cash flow-$2.14M-$4.56M-$1.05M-$2.82M-$1.87M-$878.0K-$740.0K-$160.0K-$72.0K-$165.0K
Financing cash flow$10.59M$2.27M$2.59M$6.00M-$747.0K$2.70M$3.37M$892.0K$1.21M$910.0K
Stock-based compensation$575.0K$725.0K$773.0K$625.0K$160.0K$195.0K$242.0K$204.0K$183.0K$207.0K
Depreciation and amortization$897.0K$928.0K$742.0K$567.0K$454.0K$358.0K$315.0K$322.0K$344.0K$610.0K

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY18.6%40.4%-0.1%26.6%72.1%36.9%-11.9%13.8%15.7%4.6%
Net income growth, YoY-57.7%---134.6%-----
EPS growth, YoY-71.4%---66.7%-----
Gross margin25.9%30.9%21.0%22.4%29.5%35.0%20.9%23.2%30.9%30.0%
Operating margin2.5%9.8%-9.5%-6.1%8.7%8.7%-22.4%-14.3%-6.2%-11.8%
Net margin2.9%8.1%-11.8%-7.0%7.9%5.8%-24.0%-14.7%-6.3%-11.9%
Free cash flow margin--4.9%-8.2%-12.0%1.5%-17.2%-28.1%-10.6%-9.4%-3.4%
Return on equity12.7%40.9%-230.8%-46.4%31.1%36.2%-198.9%-150.4%-24.4%-46.0%
Return on assets3.8%8.5%-13.4%-7.8%8.2%7.3%-32.1%-31.7%-12.6%-26.5%
Current ratio1.811.141.051.201.581.301.131.292.282.64
Debt to equity---0.180.130.53----

Source: XBRL data Solesence Inc. files with the SEC, latest filing dated Aug 19, 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.

SLSN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SLSN$55.37M-14.0%-$2.08M-3.8%$63.4M
PG$87.92B+3.5%$16.03B18.2%$390.13B
UL€50.50B-3.8%€9.47B18.7%$143.50B
ECL$17.37B+9.3%$2.08B12.0%$86.03B
CL$21.28B+5.9%$2.05B9.6%$77.85B
EL$15.28B+5.8%$368.00M2.4%$41.00B
HLN£11.03B-1.8%£1.67B15.1%$39.43B
KVUE$15.53B+3.5%$1.69B10.9%$37.57B
CHD$6.25B+1.7%$774.80M12.4%$26.27B

SLSN FAQ

8 questions
  • What is SLSN revenue?
    Solesence Inc. (SLSN) reported $55.37M of revenue for the twelve months ended Jun 30, 2026. That is down 14.0% from the year before. Revenue for fiscal 2025 was $62.06M.
  • Is SLSN profitable?
    No. Solesence Inc. reported a net loss of $2.08M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does SLSN have?
    Solesence Inc. reported $1.05M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is SLSN revenue growing?
    Solesence Inc.'s revenue changed +18.6% in fiscal 2025, to $62.06M. Its compound annual growth rate was +29.4% over 5 years and +19.7% over 10 years.
  • What is SLSN gross margin?
    Solesence Inc.'s gross profit was $14.69M on $55.37M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 26.5%.
  • What is SLSN earnings per share?
    Diluted earnings per share were -$0.03 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did SLSN last report financial results?
    The latest statements here come from Solesence Inc.'s 10-Q filed on Aug 19, 2026, covering the period ended Jun 30, 2026.
  • Where does this SLSN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Solesence Inc. files with the SEC. It is provided for information only and is not investment advice.