PR Newswire·Nov 9, 2026, 5:36 PM ET

Solidion Technology (NASDAQ: STI) Reports Third Quarter Financial Results, Highlighting Strong Cash Balance, Reduction in Liabilities and Positive EPS

Solidion Technology reported Third Quarter 2026 results on November 9, 2026, with cash on hand of $26.2 million.
Total liabilities decreased approximately 40% to $7.5 million compared to $12.0 million at year-end 2025.
The company reported positive net income of $244,000, a reversal from a $4.1 million loss in the prior-year period.
Earnings per share (EPS) were $0.02, compared to a loss of $1.33 per share in Q3 2025.
Working capital improved to a surplus of $19.6 million from a deficit of $11.2 million at December 31, 2025.
Stockholders' equity increased to $23.8 million from a deficit of $7.2 million at year-end 2025.
Revenue for Q3 2026 reached $41,638 compared to $9,350 in Q3 2025.
The Board of Directors appointed three new independent directors on August 31, 2026.
The Board authorized a share repurchase program of up to $1.0 million on September 13, 2026.
The company developed a PEAK Series UPS for AI data centers using silicon-carbon anode cells designed to reduce footprint by 30% & last three times longer.
Solidion introduced a high-energy 5.5Ah 21700 cylindrical cell with 305 Wh/kg energy density & continuous charge/discharge capability exceeding 2C.
The company is conducting government research under two U.S. Department of Energy grants with Oak Ridge National Laboratory & a U.S. Army STTR contract.
Solidion intends to acquire revenue-generating assets in the battery storage sector during late 2026 & 2027 to amplify its technology portfolio.