Solaris Energy Infrastructure, Inc. (SEI) Income Statement
SEI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSEI revenue and net income
Where SEI's revenue goes
2025Each bar shows an amount and its share of revenue. SEI kept 4.8% of revenue as net income.
SEI profit margins
SEI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +98.7% | +24.8% | +43.3% | +45.9% |
| Gross profit | +252.6% | +59.9% | +94.7% | +49.8% |
| Operating income | +156.3% | +48.0% | — | — |
| Net income | +90.8% | +12.6% | — | — |
| EPS (diluted) | +46.4% | +2.1% | +141.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SEI quarterly EPS vs estimates
Solaris Energy Infrastructure beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.17).
SEI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $622.2M | $313.1M | $292.9M | $320.0M | $159.2M | $103.0M | $241.7M | $197.2M | $67.4M | $18.2M |
| Cost of revenue | $336.8M | $232.1M | $214.0M | $250.2M | $142.7M | $92.8M | $114.6M | $79.3M | $23.5M | $10.1M |
| Gross profit | $285.4M | $81.0M | $78.9M | $69.8M | $16.5M | $10.2M | $127.1M | $117.9M | $43.9M | $8.0M |
| Research & development | — | — | — | — | — | — | — | — | $210,000 | — |
| Sales, general & admin | $61.7M | $35.6M | $27.0M | $23.1M | $19.3M | $16.5M | $18.6M | $16.8M | $14.3M | $5.2M |
| Total operating expenses | $150.0M | $28.1M | $29.0M | $28.0M | $16.9M | $70.1M | $19.2M | $18.6M | $18.4M | $5.2M |
| Operating income | $135.4M | $52.8M | $49.9M | $41.8M | −$387,000 | −$59.9M | $107.9M | $99.3M | $25.5M | $2.9M |
| Interest income | $6.7M | $11.8M | $3.3M | $489,000 | — | — | — | — | — | — |
| Interest expense | $27.6M | $11.8M | $3.3M | $489,000 | $247,000 | $162,000 | $634,000 | $374,000 | $97,000 | $23,000 |
| Income before taxes | $73.1M | $36.9M | $46.6M | $41.3M | −$634,000 | −$60.1M | $107.3M | $98.9M | $48.4M | $2.8M |
| Income taxes | $14.7M | $8.0M | $7.8M | $7.8M | $626,000 | −$9.0M | $16.9M | $13.0M | $33.7M | $43,000 |
| Net income | $30.2M | $15.8M | $24.3M | $21.2M | −$868,000 | −$29.3M | $52.0M | $42.4M | −$4.2M | — |
| EBITDA | $185.0M | $95.9M | $86.1M | $72.2M | $26.8M | −$32.9M | $134.9M | $117.7M | $32.6M | $6.7M |
| EPS (diluted) | $0.82 | $0.56 | $0.83 | $0.77 | −$0.07 | $0.01 | $1.75 | $1.71 | $0.91 | — |
| Gross margin | 45.9% | 25.9% | 26.9% | 21.8% | 10.4% | 9.9% | 52.6% | 59.8% | 65.1% | 44.2% |
| Operating margin | 21.8% | 16.9% | 17.0% | 13.1% | −0.2% | −58.2% | 44.7% | 50.3% | 37.8% | 15.8% |
| Net margin | 4.8% | 5.0% | 8.3% | 6.6% | −0.5% | −28.5% | 21.5% | 21.5% | −6.2% | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $219.4M | $196.2M | $179.7M | $166.8M | $149.3M | $126.3M | $96.3M | $75.0M | $73.9M | $67.9M | $63.3M | $69.7M |
| Cost of revenue | $93.1M | $123.5M | $124.5M | $111.2M | $97.6M | $87.8M | $68.7M | $57.9M | $55.7M | $49.8M | $46.4M | $51.3M |
| Gross profit | $126.3M | $72.7M | $55.2M | $55.7M | $51.7M | $38.6M | $27.6M | $17.1M | $18.2M | $18.1M | $17.0M | $18.4M |
| Sales, general & admin | $30.0M | $20.9M | $15.9M | $15.5M | $14.9M | $15.3M | $10.6M | $8.8M | $8.3M | $8.0M | $7.2M | $6.4M |
| Total operating expenses | $69.8M | $22.2M | $15.3M | $17.8M | $14.6M | $16.5M | $1.9M | $11.8M | $6.3M | $8.1M | $7.7M | $8.4M |
| Operating income | $56.5M | $50.6M | $39.8M | $37.9M | $37.1M | $22.1M | $25.7M | $5.3M | $11.9M | $10.0M | $9.2M | $10.0M |
| Interest income | — | $2.8M | $1.2M | $9.0M | $5.5M | $5.2M | $7.4M | $2.9M | — | — | — | — |
| Interest expense | $16.9M | $4.8M | $4.1M | $9.0M | $5.5M | $5.2M | $7.4M | $2.9M | $685,000 | $799,000 | $912,000 | $1.1M |
| Income before taxes | $30.2M | $47.3M | −$2.8M | $28.9M | $30.1M | $16.9M | $18.3M | −$1.8M | $11.2M | $9.2M | $8.3M | $8.9M |
| Income taxes | $5.0M | $15.2M | $743,000 | $4.1M | $6.0M | $3.9M | $4.3M | $460,000 | $1.3M | $1.9M | $1.4M | $1.3M |
| Net income | $20.5M | $21.4M | −$1.7M | $14.6M | $12.0M | $5.3M | $6.3M | −$968,000 | $6.2M | $4.3M | $4.3M | $4.9M |
| EBITDA | $86.7M | $76.8M | $24.9M | $60.3M | $54.2M | $42.1M | $42.5M | $12.2M | $21.4M | $19.9M | $18.8M | $19.2M |
| EPS (diluted) | $0.39 | $0.44 | −$0.04 | $0.32 | $0.34 | $0.20 | $0.19 | $0.08 | $0.13 | $0.16 | $0.15 | $0.19 |
| Gross margin | 57.6% | 37.1% | 30.7% | 33.4% | 34.6% | 30.5% | 28.6% | 22.8% | 24.6% | 26.6% | 26.8% | 26.4% |
| Operating margin | 25.8% | 25.8% | 22.2% | 22.7% | 24.8% | 17.5% | 26.7% | 7.0% | 16.0% | 14.7% | 14.6% | 14.4% |
| Net margin | 9.3% | 10.9% | −0.9% | 8.7% | 8.0% | 4.2% | 6.5% | −1.3% | 8.4% | 6.4% | 6.8% | 7.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SEI's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SEI financial results
In fiscal year 2025 (ended December 31, 2025), Solaris Energy Infrastructure reported revenue of $622.2 million, up 98.7% from the year before. It had net income of $30.2 million (up 90.8%), a net profit margin of 4.8%. Diluted earnings per share came to $0.82. Over five years revenue grew at an average rate of 43.3% a year.
See the SEI stock overview for the latest quote and news, or the SEI chart for price history and technical indicators.
SEI income statement FAQ
What is Solaris Energy Infrastructure's annual revenue?
Solaris Energy Infrastructure reported total revenue of $622.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 98.7% from $313.1 million the previous year.
Is Solaris Energy Infrastructure profitable?
Yes. Solaris Energy Infrastructure reported net income of $30.2 million in fiscal 2025, a net profit margin of 4.8%; its operating margin was 21.8%.
What is Solaris Energy Infrastructure's gross margin?
Solaris Energy Infrastructure's gross margin was 45.9% in fiscal 2025: for every $100 of revenue, Solaris Energy Infrastructure kept $46 after the direct cost of its products and services.
How fast is Solaris Energy Infrastructure growing?
Revenue grew 43.3% a year on average over the last five fiscal years, from $103.0 million to $622.2 million.
What are Solaris Energy Infrastructure's earnings per share?
Solaris Energy Infrastructure earned $0.82 per diluted share in fiscal 2025, compared with $0.56 a year earlier.
When will Solaris Energy Infrastructure report its next earnings?
Solaris Energy Infrastructure is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Solaris Energy Infrastructure's fiscal year end?
Solaris Energy Infrastructure's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.