SLSN · XBRL financial data

Solesence financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (SLSN's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	17,123	29,475	37,317	37,297	52,347	62,064
Cost of goods and services sold	11,133	20,785	28,957	29,472	36,159	46,001
Gross profit	5,990	8,690	8,360	7,825	16,188	16,063
Research and development	1,571	2,235	3,037	3,837	3,837	4,090
Selling, general and administrative	2,934	3,896	7,581	7,534	7,219	10,401
Operating income (loss)	1,485	2,559	(2,258)	(3,546)	5,132	1,572
Interest income	—	—	—	—	—	194
Interest expense	496	1,154	382	838	670	—
Income tax expense (benefit)	—	37	(17)	6	227	73
Net income (loss)	989	2,320	(2,623)	(4,390)	4,235	1,790
Earnings per share, basic USD per share	0.03	0.05	(0.05)	(0.09)	0.07	0.03
Earnings per share, diluted USD per share	0.03	0.05	(0.05)	(0.09)	0.07	0.02
Weighted average shares, basic thousands of shares	38,159	45,021	49,117	49,556	62,350	70,344
Weighted average shares, diluted thousands of shares	38,546	47,039	49,117	49,556	65,029	72,580

Fiscal years (SLSN's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	957	657	2,186	1,722	1,409	1,288
Accounts receivable	2,932	3,937	4,734	3,467	4,869	6,836
Inventory	4,340	6,095	8,839	10,031	20,267	18,511
Prepaid and other current assets	606	910	866	1,082	2,803	2,141
Total current assets	8,835	11,599	16,625	16,302	29,348	28,776
Property and equipment, net	2,868	4,712	7,949	8,668	12,734	14,329
Right-of-use asset	1,827	12,075	8,978	7,907	7,917	6,913
Total assets	13,540	28,394	33,558	32,881	50,002	50,055
Accounts payable	2,126	3,566	6,363	6,260	9,093	4,098
Accrued liabilities	484	946	1,023	869	4,849	2,879
Current portion of long-term debt	500	—	—	—	—	—
Total current liabilities	6,784	8,734	16,835	15,589	25,773	13,929
Long-term debt	952	1,000	1,000	—	—	—
Lease liability, non-current	1,651	10,306	9,823	9,152	9,037	7,798
Accumulated deficit	(99,767)	(97,447)	(100,070)	(104,663)	(100,428)	(98,638)
Total stockholders' equity	2,732	7,465	5,649	1,902	14,946	17,634
Total liabilities and equity	13,540	28,394	33,558	32,881	50,002	50,055
Common shares outstanding (cover page) thousands of shares	38,221	48,894	49,505	54,802	70,103	70,632

Fiscal years (SLSN's year ends in late December)

In thousands of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	989	2,320	(2,623)	(4,390)	4,235	1,790
Stock-based compensation	195	160	625	773	725	575
Depreciation and amortization	358	454	567	742	928	897
Net cash from operating activities	(2,061)	2,321	(1,650)	(2,006)	1,971	(8,567)
Purchases of property and equipment	878	1,874	2,823	1,051	4,558	—
Net cash from investing activities	(878)	(1,874)	(2,823)	(1,051)	(4,558)	(2,143)
Proceeds from issuing common stock	—	—	—	—	2,084	323
Net cash from financing activities	2,702	(747)	6,002	2,593	2,274	10,589
Net change in cash	(237)	(300)	1,529	(464)	(313)	(121)

SIC 2844 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 2844 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
Solesence	1,046	15,332	191*	70.6M	—	Q2 FY26 10-QJun 30, 2026
Bowen Acquisition	4.1	not reported	(2.9)*	2.5M	1.4 quarters	Q2 FY26 10-QJun 30, 2026
Bonk	214	793	(2,226)*	8.0M	0.1 quarters	Q2 FY26 10-QJun 30, 2026
Karbon-X	335	344	(1,198)	109.2M	—	Q1 FY27 10-Q/AAug 31, 2026
Axil Brands	7,929	6,090	3,763	6.8M	—	Q1 FY27 10-QAug 31, 2026
United Guardian	2,391	not reported	1,520*	4.6M	—	Q2 FY26 10-QJun 30, 2026
Zone Frontier	15,435	886*	(3,342)*	508.8M	4.6 quarters	Q4 FY26 10-KJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.