Solidion Technology Inc. (STI) Cash Flow Statement
Where STI’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$4.5M
- Capital expenditures
- $117,812 882.5% of revenue
- Free cash flow
- −$4.7M −34,865.3% margin
- Returned to shareholders
- $476
- Change in cash
- −$3.1M cash at year-end $204,709
Drawn to scale: where the cash came from and how it was used. Hover for values.
STI operating cash flow, capex and free cash flow
STI cash flow trends, 2014–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$1.18B2014 | −$4.5M2025 | — | |
| Capital expenditures | $147.0M2014 | $117,8122025 | −54.7%/yr | |
| Free cash flow | −$1.33B2014 | −$4.7M2025 | — | |
| Free cash flow margin | −27.5%2014 | −34,865.3%2025 | −34,837.8 pts | |
| Operating cash flow / net income | −0.672014 | −1.222022 | −0.55 | |
| Stock-based compensation | $63.0M2014 | $2.9M2025 | −28.8%/yr | |
| Dividends paid | $409.0M2014 | $936.0M2018 | +23.0%/yr | |
| Share buybacks (net) | $458.0M2014 | $4762025 | −78.4%/yr | |
| Capex / revenue | 3.0%2014 | 882.5%2025 | +879.4 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
STI cash flow by activity
STI net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
STI cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$41.0M | −$25.9M | −$5.3M | $593,905 | −$3.5M | $2.77B | $2.27B | $1.88B | $1.93B | $1.77B |
| Depreciation & amortization | $294,442 | $350,509 | $552,855 | $606,911 | $657,182 | $862.0M | $904.0M | $894.0M | $929.0M | $800.0M |
| Stock-based compensation | $2.9M | $4.3M | $0 | — | — | $140.0M | $160.0M | $125.0M | $95.0M | $63.0M |
| Change in working capital | $1.3M | $1.3M | $703,467 | $513,306 | −$12,536 | −$3.39B | −$3.58B | $8.29B | −$6.09B | $7.27B |
| Other non-cash items | $31.9M | $12.6M | $0 | −$2.4M | $1 | $2.18B | $5.75B | −$11.87B | $6.63B | −$11.09B |
| Cash from operating activities | −$4.5M | −$7.4M | −$4.1M | −$725,102 | −$2.8M | $2.57B | $5.51B | −$681.0M | $3.50B | −$1.18B |
| Investing activities | ||||||||||
| Capital expenditures | −$117,812 | −$246,074 | −$376,150 | −$235,694 | −$261,501 | −$345.0M | −$410.0M | −$283.0M | −$186.0M | −$147.0M |
| Investments (net) | — | −$246,074 | $88.6M | −$235,694 | −$261,501 | — | — | — | — | — |
| Acquisitions & other investing | −$122,930 | $246,074 | −$88.6M | −$125.5M | $261,501 | — | — | — | — | — |
| Cash from investing activities | −$240,742 | −$246,074 | −$376,150 | −$126.0M | −$261,501 | — | — | — | — | — |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | — | — | −$936.0M | −$723.0M | −$564.0M | −$539.0M | −$409.0M |
| Share repurchases & issuance (net) | −$476 | $0 | −$89.0M | — | — | −$1.91B | −$1.31B | −$806.0M | −$679.0M | −$458.0M |
| Net borrowing (repayment) | $957,329 | −$191,646 | $0 | $0 | — | — | — | — | — | — |
| Shares issued | $0 | $8.3M | $3.8M | $123.5M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $671,568 | $2.8M | $89.0M | $3.7M | $3.1M | $11.01B | −$98.0M | $14.03B | $408.0M | $14.29B |
| Cash from financing activities | $1.6M | $11.0M | $3.8M | $127.2M | $3.1M | $8.16B | −$2.13B | $12.66B | −$810.0M | $13.42B |
| Summary | ||||||||||
| Net change in cash | −$3.1M | $3.4M | −$620,795 | $545,655 | −$34,311 | $583.0M | $489.0M | $824.0M | −$2.63B | $2.97B |
| Cash at end of period | $204,709 | $3.4M | $780 | $545,655 | $8,679 | $7.50B | $6.91B | $6.42B | $5.60B | $8.23B |
| Free cash flow | −$4.7M | −$7.6M | −$4.4M | −$725,100 | −$3.1M | $2.22B | $5.10B | −$964.0M | $3.31B | −$1.33B |
| Free cash flow margin | −34,865.3% | — | −64,004.2% | −3,809.1% | −29,738.1% | 37.1% | 90.5% | −18.5% | 69.5% | −27.5% |
| Capex / revenue | 882.5% | — | 5,416.9% | 1,238.1% | 2,515.4% | 5.8% | 7.3% | 5.4% | 3.9% | 3.0% |
| Operating cash flow / net income | — | — | — | −1.22 | — | 0.93 | 2.42 | −0.36 | 1.81 | −0.67 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$2.9M | −$1.4M | −$44.0M | −$4.1M | $146,791 | $9.2M | −$11.5M | −$6.6M | $24.8M | −$32.5M | −$1.1M | −$1.4M |
| Depreciation & amortization | $67,400 | $67,400 | $87,584 | $68,458 | $68,458 | $69,942 | $51,704 | $101,502 | $102,911 | $94,392 | $96,174 | $274,502 |
| Stock-based compensation | $293,415 | $277,654 | $5.5M | $349,226 | $203,508 | $755,032 | $2.3M | $278,176 | $451,662 | $1.4M | — | $0 |
| Change in working capital | −$2.4M | $1.5M | −$444,620 | $1.3M | $599,554 | −$34,882 | $149,308 | −$26,783 | $893,051 | $268,661 | $247,474 | $14,442 |
| Other non-cash items | $952,006 | −$531,240 | $38.0M | $2.0M | −$1.9M | −$12.3M | $7.4M | $4.1M | −$27.7M | $28.8M | $0 | $0 |
| Cash from operating activities | −$4.0M | −$141,863 | −$928,921 | −$351,784 | −$913,719 | −$2.3M | −$1.7M | −$2.1M | −$1.5M | −$2.0M | −$769,355 | −$1.1M |
| Investing activities | ||||||||||||
| Capital expenditures | −$23,975 | −$23,975 | −$26,860 | −$4 | −$141,342 | −$40,156 | −$55,143 | −$33,097 | −$66,486 | −$91,348 | −$5 | −$239,293 |
| Investments (net) | — | — | — | −$32,384 | −$141,342 | −$40,156 | −$55,143 | −$33,097 | −$66,486 | −$91,348 | $88.9M | −$239,293 |
| Acquisitions & other investing | $2,518 | $0 | — | $4 | $141,342 | $40,156 | — | $33,097 | $66,486 | $91,348 | −$89.0M | $239,293 |
| Cash from investing activities | −$21,457 | −$23,975 | — | −$32,384 | −$141,342 | −$40,156 | — | −$33,097 | −$66,486 | −$91,348 | −$74,622 | −$239,293 |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | — | −$476 | $0 | $0 | — | $524,128 | — | $0 | −$262,064 | −$262,064 | −$89.0M | — |
| Net borrowing (repayment) | −$546,732 | $0 | $1.0M | $0 | $0 | −$42,671 | −$59,434 | −$905,435 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.0M | $0 | $4.3M | $0 | $1.4M |
| Other financing | $32.2M | $1.0M | $0 | $430,022 | −$460 | −$282,582 | $4.0M | $6,505 | $262,113 | −$120,328 | $89.9M | $0 |
| Cash from financing activities | $31.6M | $999,984 | $1.0M | $430,022 | −$460 | $198,875 | $3.9M | $3.1M | $49 | $4.0M | $842,806 | $1.4M |
| Summary | ||||||||||||
| Net change in cash | $27.6M | −$165,838 | $44,219 | $45,854 | −$1.1M | −$2.2M | $2.2M | $932,153 | −$1.6M | $1.8M | −$773 | $913 |
| Cash at end of period | $27.7M | $38,887 | $204,725 | $160,506 | $114,652 | $1.2M | $3.4M | $1.2M | $256,504 | $1.8M | $780 | $1,951 |
| Free cash flow | −$3.9M | −$165,838 | −$955,781 | −$351,784 | −$1.1M | −$2.4M | −$1.8M | −$2.2M | −$1.6M | −$2.1M | −$769,360 | −$1.4M |
| Free cash flow margin | −3,161.8% | −194.1% | — | −3,762.4% | −26,376.5% | −603.8% | — | — | — | — | −14,437.2% | −105,539.4% |
| Capex / revenue | 19.2% | 28.1% | — | 0.0% | 3,533.6% | 10.2% | — | — | — | — | 0.1% | 18,197.2% |
| Operating cash flow / net income | — | — | — | — | −6.22 | −0.25 | — | — | −0.06 | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
STI cash generation
In fiscal 2025 (ended December 31, 2025), Solidion Technology generated -$4.5 million of cash from operations and spent $0.1 million on capital expenditures, leaving free cash flow of -$4.7 million, −34,865.3% of revenue. It returned $0.0 million to shareholders through dividends ($0) and net share buybacks ($0.0 million). Cash and equivalents fell by $3.1 million over the year.
Related: STI income statement, STI balance sheet. See the STI stock overview for the latest quote and news.
STI cash flow FAQ
What is Solidion Technology's free cash flow?
Solidion Technology's free cash flow was -$4.7 million in fiscal 2025: -$4.5 million of operating cash flow minus $0.1 million of capital expenditures It was -$7.6 million a year earlier..
How much cash does Solidion Technology generate from operations?
Solidion Technology generated -$4.5 million of cash from operating activities in fiscal 2025.
How much does Solidion Technology spend on capital expenditures?
Solidion Technology spent $0.1 million on capital expenditures in fiscal 2025, 882.5% of revenue, compared with $0.2 million the year before.
How much stock does Solidion Technology buy back?
Solidion Technology spent $0.0 million on net share repurchases in fiscal 2025.