SOLESENCE, INC.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $62.1M | $52.3M | $37.3M | $37.3M | $29.5M |
| Cost of revenue | $46.0M | $36.2M | $29.5M | $29.0M | $20.8M |
| Gross profit | $16.1M | $16.2M | $7.8M | $8.4M | $8.7M |
| Selling, general & administrative | $10.4M | $7.2M | $7.5M | $7.6M | $3.9M |
| Research and development | $4.1M | $3.8M | $3.8M | $3.0M | $2.2M |
| Operating income | $1.6M | $5.1M | -$3.5M | -$2.3M | $2.6M |
| Interest expense | — | $670,000 | $838,000 | $382,000 | $1.2M |
| Pretax income | $1.9M | $4.5M | -$4.4M | -$2.6M | $2.4M |
| Income tax expense | $73,000 | $227,000 | $6,000 | -$17,000 | $37,000 |
| Net income | $1.8M | $4.2M | -$4.4M | -$2.6M | $2.3M |
| Balance Sheet | |||||
| Cash and equivalents | $1.3M | $1.4M | $1.7M | $2.2M | $657,000 |
| Current assets | $28.8M | $29.3M | $16.3M | $16.6M | $11.6M |
| Total assets | $50.1M | $50.0M | $32.9M | $33.6M | $28.4M |
| Current liabilities | $13.9M | $25.8M | $15.6M | $13.8M | $7.3M |
| Stockholders' equity | $17.6M | $14.9M | $1.9M | $5.6M | $7.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$8.6M | $2.0M | -$2.0M | -$1.6M | $2.3M |
| Depreciation and amortization | $897,000 | $928,000 | $742,000 | $567,000 | $454,000 |
| Stock-based compensation | $575,000 | $725,000 | $773,000 | $625,000 | $160,000 |
| Capital expenditure | $382,000 | $4.6M | $1.1M | $2.8M | $1.9M |
| Free cash flow | -$8.9M | -$2.6M | -$3.1M | -$4.5M | $447,000 |
Shares outstanding 70.6M · Free float 13.2%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.