Solaris Energy Infrastructure, Inc. (SEI) Balance Sheet
SEI balance sheet, 2025
December 31, 2025 · U.S. dollars$2.14B assets = $1.32B liabilities + $827.3M equity
Both columns are drawn to the same scale: what SEI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SEI financial health
Descriptive bands, not a rating. Fiscal 2025.
SEI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $77.2M2016 | $2.14B2025 | +44.7%/yr | |
| Total liabilities | $5.9M2016 | $1.32B2025 | +82.4%/yr | |
| Shareholders’ equity | $71.3M2016 | $564.3M2025 | +25.8%/yr | |
| Cash & short-term investments | $3.6M2016 | $353.3M2025 | +66.6%/yr | |
| Total debt | $3.0M2016 | $1.08B2025 | +92.0%/yr | |
| Net cash (debt) | $527,0002016 | −$725.6M2025 | −$726.2M | |
| Working capital | $6.8M2016 | $319.7M2025 | +$313.0M | |
| Book value per share | $7.682018 | $11.402025 | +5.8%/yr | |
| Current ratio | 3.202016 | 2.962025 | −0.24 | |
| Debt / equity | 0.042016 | 1.912025 | +1.87 | |
| Shares outstanding | 25.8M2018 | 49.5M2025 | +9.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SEI assets
SEI liabilities and equity
SEI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SEI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $353.3M | $114.3M | $5.8M | $8.8M | $36.5M | $60.4M | $66.9M | $25.1M | $63.4M | $3.6M |
| Cash & equivalents | $353.3M | $114.3M | $5.8M | $8.8M | $36.5M | $60.4M | $66.9M | $25.1M | $63.4M | $3.6M |
| Receivables | $103.1M | $71.8M | $47.3M | $71.4M | $35.0M | $18.2M | $38.6M | $39.7M | $13.0M | $4.5M |
| Inventory | $14.4M | $10.9M | $6.7M | $5.3M | $1.7M | $954,000 | $7.1M | $10.5M | $7.5M | $1.4M |
| Other current assets | $12.2M | $54.0M | $7.3M | $3.3M | $7.9M | $2.2M | $5.0M | $5.5M | $3.6M | $403,000 |
| Total current assets | $483.0M | $251.0M | $67.1M | $88.7M | $81.1M | $81.7M | $117.6M | $80.8M | $87.6M | $9.8M |
| Property, plant & equipment (net) | $1.36B | $648.7M | $335.8M | $302.2M | $244.3M | $250.6M | $314.5M | $296.5M | $151.2M | $54.4M |
| Goodwill & intangible assets | $165.2M | $175.5M | $13.7M | $14.4M | $15.2M | $16.0M | $21.0M | $21.8M | $22.6M | $13.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $139.0M | $47.8M | $51.6M | $57.2M | $65.7M | $63.6M | $52.0M | $59.5M | $38.5M | $0 |
| Total assets | $2.14B | $1.12B | $468.3M | $462.6M | $406.2M | $411.9M | $505.1M | $458.6M | $299.7M | $77.2M |
| Liabilities | ||||||||||
| Accounts payable | $77.5M | $21.1M | $12.7M | $25.9M | $9.9M | $6.9M | $3.8M | $9.1M | $5.0M | $705,000 |
| Short-term debt | $8.3M | $12.0M | $3.8M | $2.8M | $748,000 | $677,000 | $626,000 | $35,000 | $33,000 | $226,000 |
| Deferred revenue | $5.8M | $4.9M | — | — | — | — | — | $13.0M | — | — |
| Total current liabilities | $163.3M | $65.5M | $37.2M | $55.9M | $29.3M | $20.2M | $20.4M | $35.3M | $20.5M | $3.1M |
| Long-term debt | $1.06B | $308.8M | $32.4M | $11.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $14.5M | $13.1M | $17.8M | $12.5M | $7.5M | $8.2M | — | — | — | — |
| Other long-term liabilities | $90.1M | $81.8M | $83.1M | $78.1M | $79.0M | $76.2M | $75.0M | $82.4M | $25.0M | $2.8M |
| Total liabilities | $1.32B | $456.2M | $152.7M | $145.4M | $108.3M | $96.4M | $95.4M | $117.7M | $45.5M | $5.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $510,000 | $359,000 | $290,000 | $317,000 | $312,000 | $290,000 | $308,000 | $271,000 | $190,000 | $69.3M |
| Retained earnings (deficit) | $26.1M | $17.7M | $17.3M | $12.8M | $5.9M | $20.5M | $74.2M | $35.5M | −$4.2M | $2.1M |
| Minority interest | $262.9M | $311.1M | $109.6M | $101.4M | — | — | — | — | — | — |
| Total shareholders' equity | $564.3M | $355.6M | $206.0M | $215.7M | $203.1M | $201.3M | $263.8M | $198.4M | $113.4M | $71.3M |
| Key figures | ||||||||||
| Total debt | $1.08B | $328.9M | $47.8M | $20.5M | $7.5M | $8.2M | $8.6M | $13.2M | $212,000 | $3.0M |
| Net cash (debt) | −$725.6M | −$214.6M | −$42.0M | −$11.6M | $29.0M | $52.2M | $58.3M | $11.9M | $63.2M | $527,000 |
| Working capital | $319.7M | $185.4M | $29.9M | $32.8M | $51.8M | $61.5M | $97.2M | $45.4M | $67.1M | $6.8M |
| Tangible book value | $399.2M | $180.1M | $192.3M | $201.3M | $187.9M | $185.3M | $242.8M | $176.7M | $90.8M | $58.3M |
| Book value per share | $11.40 | $12.16 | $6.94 | $6.85 | $6.60 | $6.96 | $8.74 | $7.68 | — | — |
| Shares outstanding | 49.5M | 29.2M | 29.7M | 31.5M | 30.8M | 28.9M | 30.2M | 25.8M | — | — |
| Current ratio | 2.96 | 3.83 | 1.80 | 1.59 | 2.77 | 4.04 | 5.77 | 2.29 | 4.27 | 3.20 |
| Quick ratio | 2.79 | 2.84 | 1.43 | 1.43 | 2.44 | 3.89 | 5.17 | 1.83 | 3.73 | 2.63 |
| Debt / equity | 1.91 | 0.92 | 0.23 | 0.09 | 0.04 | 0.04 | 0.03 | 0.07 | 0.00 | 0.04 |
| Equity / assets | 26.3% | 31.7% | 44.0% | 46.6% | 50.0% | 48.9% | 52.2% | 43.3% | 37.8% | 92.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $824.1M | $344.5M | $353.3M | $106.7M | $99.6M | $16.7M | $114.3M | $18.6M | $5.1M | $3.4M | $5.8M | $3.5M |
| Cash & equivalents | $824.1M | $344.5M | $353.3M | $106.7M | $99.6M | $16.7M | $114.3M | $18.6M | $5.1M | $3.4M | $5.8M | $3.5M |
| Receivables | $210.0M | $148.3M | $103.1M | $130.4M | $114.1M | $89.8M | $71.8M | $63.3M | $54.3M | $49.1M | $47.3M | $55.4M |
| Inventory | $25.1M | $18.1M | $14.4M | $12.4M | $11.8M | $11.2M | $10.9M | $11.2M | $8.9M | $6.9M | $6.7M | $7.4M |
| Other current assets | $9.9M | $10.0M | $12.2M | $12.1M | $56.9M | $8.5M | $54.0M | $104.0M | $6.5M | $3.4M | $7.3M | $8.6M |
| Total current assets | $1.07B | $520.8M | $483.0M | $261.6M | $282.5M | $126.2M | $251.0M | $197.0M | $74.7M | $62.9M | $67.1M | $74.9M |
| Property, plant & equipment (net) | $2.77B | $2.24B | $1.36B | $1.05B | $969.0M | $784.7M | $648.7M | $529.1M | $322.1M | $331.3M | $335.8M | $340.2M |
| Goodwill & intangible assets | $174.6M | $178.1M | $165.2M | $169.1M | $169.2M | $172.1M | $175.5M | $174.7M | $13.3M | $13.5M | $13.7M | $13.9M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $201.7M | $57.0M | $139.0M | $86.4M | $52.0M | $46.8M | $47.8M | $38.6M | $47.5M | $49.4M | $51.6M | $51.6M |
| Total assets | $4.21B | $3.00B | $2.14B | $1.57B | $1.47B | $1.13B | $1.12B | $939.5M | $457.8M | $457.1M | $468.3M | $480.5M |
| Liabilities | ||||||||||||
| Accounts payable | $167.6M | $64.6M | $77.5M | $42.6M | $41.2M | $28.1M | $21.1M | $15.8M | $15.8M | $12.3M | $12.7M | $20.1M |
| Short-term debt | $17.4M | $325.0M | $8.3M | $21.6M | $20.3M | $15.6M | $12.0M | $8.4M | $19.9M | $3.9M | $3.8M | $4.0M |
| Deferred revenue | $18.0M | $29.4M | $5.8M | $6.7M | $3.9M | $5.2M | $4.9M | $7.8M | — | — | — | — |
| Total current liabilities | $259.3M | $468.1M | $163.3M | $109.2M | $90.7M | $75.4M | $65.5M | $54.6M | $59.7M | $35.3M | $37.2M | $42.9M |
| Long-term debt | $2.48B | $1.28B | $1.06B | $516.2M | $520.4M | $304.9M | $308.8M | $312.7M | $0 | $30.0M | $30.0M | $37.0M |
| Lease obligations | $22.9M | $21.3M | $14.5M | $12.9M | $12.7M | $11.9M | $13.1M | $16.5M | $15.9M | $16.9M | $17.8M | $20.3M |
| Other long-term liabilities | $312.2M | $146.2M | $90.1M | $82.7M | $81.3M | $81.4M | $81.8M | $78.8M | $80.9M | $81.9M | $85.5M | $87.9M |
| Total liabilities | $3.05B | $1.89B | $1.32B | $708.1M | $692.4M | $461.7M | $456.2M | $446.1M | $140.6M | $147.2M | $152.7M | $167.8M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $608,000 | $564,000 | $510,000 | $467,000 | $386,000 | $365,000 | $359,000 | $284,000 | $283,000 | $283,000 | $290,000 | $291,000 |
| Retained earnings (deficit) | $53.5M | $40.6M | $26.1M | $34.1M | $25.4M | $18.3M | $17.7M | $15.1M | $19.7M | $17.1M | $17.3M | $16.8M |
| Minority interest | $258.6M | $323.6M | $262.9M | $312.4M | $381.2M | — | — | — | — | — | — | — |
| Total shareholders' equity | $902.0M | $781.1M | $564.3M | $546.6M | $399.1M | $361.3M | $355.6M | $221.7M | $204.6M | $200.1M | $206.0M | $204.8M |
| Key figures | ||||||||||||
| Total debt | $2.51B | $1.62B | $1.08B | $545.3M | $548.2M | $328.1M | $328.9M | $331.8M | $31.9M | $46.9M | $47.8M | $57.3M |
| Net cash (debt) | −$1.69B | −$1.27B | −$725.6M | −$438.6M | −$448.6M | −$311.4M | −$214.6M | −$313.2M | −$26.8M | −$43.5M | −$42.0M | −$53.8M |
| Working capital | $809.8M | $52.7M | $319.7M | $152.3M | $191.8M | $50.8M | $185.4M | $142.4M | $15.1M | $27.6M | $29.9M | $32.0M |
| Tangible book value | $727.4M | $603.0M | $399.2M | $377.4M | $230.0M | $189.2M | $180.1M | $47.0M | $191.3M | $186.6M | $192.3M | $190.9M |
| Book value per share | $11.42 | $10.89 | $11.40 | $10.84 | $10.55 | $9.99 | $11.68 | $7.81 | $7.22 | $7.00 | $7.10 | $7.06 |
| Shares outstanding | 79.0M | 71.7M | 49.5M | 50.4M | 37.8M | 36.2M | 30.4M | 28.4M | 28.3M | 28.6M | 29.0M | 29.0M |
| Current ratio | 4.12 | 1.11 | 2.96 | 2.39 | 3.11 | 1.67 | 3.83 | 3.61 | 1.25 | 1.78 | 1.80 | 1.75 |
| Quick ratio | 3.99 | 1.05 | 2.79 | 2.17 | 2.36 | 1.41 | 2.84 | 1.50 | 0.99 | 1.49 | 1.43 | 1.37 |
| Debt / equity | 2.79 | 2.07 | 1.91 | 1.00 | 1.37 | 0.91 | 0.92 | 1.50 | 0.16 | 0.23 | 0.23 | 0.28 |
| Equity / assets | 21.4% | 26.1% | 26.3% | 34.9% | 27.1% | 32.0% | 31.7% | 23.6% | 44.7% | 43.8% | 44.0% | 42.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
SEI financial position
At the end of fiscal 2025 (December 31, 2025), Solaris Energy Infrastructure had total assets of $2.1 billion (up 90.9% from a year earlier), total liabilities of $1.3 billion and shareholders' equity of $564.3 million. It held $353.3 million in cash and short-term investments against $1.1 billion of debt, net debt of $725.6 million. Its current ratio was 2.96. In the latest quarter (ended June 30, 2026) total assets were $4.2 billion and equity $902.0 million.
Related: SEI income statement, SEI cash flow statement, SEI key metrics. See the SEI stock overview for the latest quote and news.
SEI balance sheet FAQ
What are Solaris Energy Infrastructure's total assets?
Solaris Energy Infrastructure reported total assets of $2.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.1 billion a year earlier.
How much debt does Solaris Energy Infrastructure have?
Solaris Energy Infrastructure had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.91.
How much cash does Solaris Energy Infrastructure have?
Solaris Energy Infrastructure held $353.3 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $725.6 million.
What is Solaris Energy Infrastructure's book value?
Solaris Energy Infrastructure's shareholders' equity (book value) was $564.3 million at the end of fiscal 2025, or $11.40 per share.
What is Solaris Energy Infrastructure's current ratio?
Solaris Energy Infrastructure had current assets of $483.0 million and current liabilities of $163.3 million, a current ratio of 2.96 (it can cover its short-term obligations).
How much goodwill does Solaris Energy Infrastructure have?
Solaris Energy Infrastructure carried $165.2 million of goodwill and intangible assets, 7.7% of total assets, at the end of fiscal 2025.