SOLAI Limited (SLAIY) AI Stock Analysis
SLAIY AI stock analysis summary
AI ResearchSOLAI Limited operates cryptocurrency mining infrastructure and third-party data center services. The company generated $24.3M in trailing twelve-month revenue, but registered a trailing profit margin of -134.6%. Its market capitalization stands at $672,934, with ongoing cash burn across recent fiscal years.
- Market cap
- $672,934
- Revenue (TTM)
- $24.3M
- P/E
- — fwd 270.3x
- 1Y return
- — S&P 500 16.8%
- Avg. target
- —
Bull case
- Quarterly revenue increased 20.1% year-over-year in the latest quarter ending March 31, 2026.
- Gross margin expanded steadily from -7.3% in FY2022 to 7.1% in FY2023 and 9.1% in FY2024.
- The company's EV/EBITDA multiple of 8.2x trades below the US-listed Technology peer median of 16.6x.
Bear case
- Free cash flow has remained negative across reporting periods, totaling -$33.9M in FY2024.
- Trailing twelve-month profit margin was -134.6%, contributing to a trailing diluted EPS of -$14.00.
- Revenue declined at a two-year CAGR of -24.0% between FY2022 and FY2024, falling from $57.0M to $32.9M.
What SOLAI does
SOLAI Limited operates as a technology-driven cryptocurrency infrastructure company. It operates cryptocurrency mining machines that perform blockchain computations. In addition, the company runs data centers that provide rack space, utility, and cloud services, such as virtual services, virtual storage, and data backup services, to third-party cryptocurrency mining companies. Formerly known as BIT Mining Limited, it changed its name to SOLAI Limited in October 2025. Founded in 2001 and based in Akron, Ohio, the company had 63 employees.
Growth and profitability
Annual revenue fell from $57.0M in FY2022 to $43.1M in FY2023, representing a drop of 24.4%, and further declined 23.6% to $32.9M in FY2024. This performance reflects a two-year revenue CAGR of -24.0% from FY2022 to FY2024. Gross margin improved from -7.3% in FY2022 to 7.1% in FY2023 and 9.1% in FY2024. Net income shifted from -$155.4M in FY2022 and -$28.7M in FY2023 to $12.1M in FY2024, generating a net margin of 36.7%. For the trailing twelve months ended March 31, 2026, revenue was $24.3M, operating margin was -62.1%, and profit margin was -134.6%, despite quarterly revenue expanding 20.1% year-over-year.
Balance sheet and cash flow
As of March 31, 2026, SOLAI Limited held $2.0M in cash and short-term investments, total assets of $38.1M, and shareholders' equity of $28.6M. Its liquidity showed a current ratio of 1.56. Operating cash flow remained negative, recording -$63.6M in FY2022, -$28.4M in FY2023, and -$32.7M in FY2024, resulting in free cash flow of -$33.9M in FY2024. Capital expenditures totaled $1.2M in FY2024, alongside research and development expenses of $69,000.
Valuation and performance
SOLAI Limited closed at $0.15 on October 16, 2026, near its 52-week low of $0.12 and well below its 52-week high of $2.01. The stock trades at a forward P/E of 270.3x, significantly above the 18.8x median of its US-listed Technology peers. Its enterprise value to EBITDA ratio of 8.2x sits below the peer median of 16.6x, and its price-to-sales multiple is 0.0x compared to the peer median of 2.8x. Over the past year, the S&P 500 gained 16.8%, while the stock recorded a beta of 2.17.
What analysts expect
Consensus analyst recommendations, price targets, and forward revenue estimates are not reported for SOLAI Limited. In terms of earnings track record, the company registered 0 EPS beats over the last 4 quarters. The stock traded at a last close of $0.15 on October 16, 2026, within a 52-week range of $0.12 to $2.01, with institutional ownership at 1.7% and short interest representing 2.7% of the float.
Key risks and what to watch
- Cash and short-term investments totaled $2.0M as of March 31, 2026, creating liquidity exposure given recurring negative operating cash flows.
- A stock beta of 2.17 signals elevated price volatility relative to the broader market.
- The company delivered 0 EPS beats over the last 4 quarters.
- The forward P/E ratio of 270.3x reflects a large multiple compared to the US-listed Technology peer median of 18.8x.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this SLAIY AI stock analysis
This page is an AI-written research summary of SOLAI Limited (SLAIY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: SLAIY income statement, SLAIY balance sheet, SLAIY key metrics, SLAIY chart. See the SLAIY stock overview for the latest quote and news.
SLAIY AI stock analysis FAQ
What was SOLAI Limited previously called?
SOLAI Limited was formerly known as BIT Mining Limited until it changed its name in October 2025.
What is SOLAI Limited's cash and asset position?
As of March 31, 2026, the company held $2.0M in cash and short-term investments, $38.1M in total assets, and a current ratio of 1.56.
How did the business perform financially in FY2024?
In FY2024, SOLAI Limited generated $32.9M in revenue and $12.1M in net income, while free cash flow stood at -$33.9M.
Does SOLAI Limited distribute a dividend?
SOLAI Limited does not have any dividend payments reported.