Sol Strategies Inc. (STKE) Key Metrics
STKE key metrics, FY2021–FY2025
Fiscal year ended September 30, 2025 · Canadian dollarsSTKE returns How much profit the business earns on the capital it uses.
STKE financial health Debt, liquidity and how easily interest is covered.
STKE efficiency & capital use Working capital cycle and where the cash goes.
STKE returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
STKE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
STKE cash returned to shareholders
STKE key metrics in Canadian dollars
FY2021–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Returns & profitability | |||||
| Return on equity (ROE) | −49.5% | 30.3% | −31.1% | 1.4% | −4.2% |
| Return on invested capital (ROIC) | −37.3% | 33.2% | −50.1% | 2.4% | −6.6% |
| Return on assets (ROA) | −35.3% | 28.8% | −30.7% | 1.3% | −3.8% |
| Return on tangible assets | −26.8% | 22.9% | −36.8% | 1.5% | −3.9% |
| Free cash flow margin | −130.2% | −9.1% | — | −858.5% | — |
| Income quality (OCF / net income) | — | −0.13 | — | 0.00 | — |
| Financial health | |||||
| Total debt | C$51.9M | — | — | — | C$1.2M |
| Cash & short-term investments | C$1.8M | C$1.8M | C$1.9M | C$18.6M | C$876,757 |
| Net debt | C$50.1M | −C$1.8M | −C$1.9M | −C$18.6M | C$309,049 |
| Debt / equity | 0.45 | — | — | — | 0.04 |
| Debt / assets | 0.31 | — | — | — | 0.04 |
| Net debt / EBITDA | — | −0.23 | — | — | — |
| Current ratio | 0.11 | 1.02 | 9.03 | 60.80 | 0.92 |
| Quick ratio | 0.11 | 1.02 | 9.03 | 60.80 | 0.92 |
| Interest coverage | -14.0 | — | — | — | — |
| Working capital | −C$29.4M | C$34,187 | C$1.8M | C$18.4M | −C$121,303 |
| Invested capital | C$164.9M | C$24.9M | C$14.9M | C$5.0M | C$28.2M |
| Tangible asset value | C$76.0M | C$26.7M | C$16.8M | C$22.9M | C$27.0M |
| Net current asset value | −C$51.3M | −C$365,219 | C$1.8M | C$18.4M | −C$2.0M |
| Capital allocation | |||||
| Share buybacks (net) | C$0 | C$938,924 | C$707,765 | C$0 | — |
| Capex / revenue | 53.8% | 0.0% | — | 858.6% | 797.7% |
| Capex / operating cash flow | — | — | — | 849,203.8% | — |
| Capex / depreciation | 0.76 | 0.00 | 114.56 | 7.01 | 12.59 |
| Stock-based compensation / revenue | 54.6% | 14.0% | — | 644.5% | 564.5% |
| SG&A / revenue | 100.3% | 26.6% | — | 1,237.3% | 1,589.8% |
| Efficiency | |||||
| Days sales outstanding | 20.5 | 1.3 | — | 494.2 | 1,478.0 |
| Days payables outstanding | 48.2 | — | — | — | — |
| Cash conversion cycle (days) | -27.6 | — | — | — | — |
| Receivables turnover | 17.79 | 270.94 | 0.00 | 0.74 | 0.25 |
| Payables turnover | 7.58 | — | — | — | — |
| Asset turnover | 0.15 | 0.41 | 0.00 | 0.01 | 0.00 |
| Average receivables | C$809,363 | C$34,706 | C$75,660 | C$282,565 | C$476,470 |
| Average payables | C$421,785 | C$95,219 | C$150,933 | C$191,578 | C$188,314 |
| Intangibles / total assets | 22.9% | 0.0% | 0.0% | 2.8% | 2.8% |
Computed from STKE's annual financial statements (latest annual report filed September 30, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in Canadian dollars; data from EODHD. Averages use the opening and closing balance of each year.
STKE valuation and financial ratios
Sol Strategies Inc. earned a return on equity of −49.5% and a return on invested capital of −37.3% in fiscal 2025. It ended the year with C$51.9 million of debt and C$1.8 million in cash and short-term investments, net debt of C$50.1 million.
See the STKE income statement, the STKE chart for price history, or the STKE stock overview for the latest quote and news.
STKE key metrics FAQ
What is Sol Strategies Inc.'s return on equity?
Sol Strategies Inc.'s return on equity (ROE) was −49.5% in fiscal 2025: net income of -C$35.0 million on average shareholders' equity of C$70.8 million.
What is Sol Strategies Inc.'s ROIC?
Sol Strategies Inc.'s return on invested capital was −37.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Sol Strategies Inc. have?
Sol Strategies Inc. had total debt of C$51.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.45.
What is Sol Strategies Inc.'s current ratio?
Sol Strategies Inc.'s current ratio was 0.11 at the end of fiscal 2025: current assets were 0.11 times current liabilities.