Solesence, Inc. (SLSN) Financial Statements
Industry: Perfumes, Cosmetics & Other Toilet Preparations
In fiscal 2025, Solesence reported revenue of $62.1M, up 18.6% from $52.3M the year before. Net income was $1.8M (a 2.9% net margin), or $0.02 per diluted share. Gross margin was 25.9% and operating margin was 2.5%. Operating activities generated -$8.6M of cash. At fiscal year end, Solesence held $50.1M in total assets against $32.4M in total liabilities, including $1.3M of cash and equivalents.
Open the full interactive Solesence financials → Quarterly statements, key ratios, valuation history and price charts.
Solesence Key Stats
| Share Price | $0.99 |
|---|---|
| Market Cap | $69.9M |
| P/E Ratio | 49.5 |
| Revenue YoY Growth | +18.6% |
| 52-Week Range | $0.64 – $3.98 |
| Shares Outstanding | 70.6 million (basic, 2026 Q2) |
Solesence Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $17.1M | $29.5M | $37.3M | $37.3M | $52.3M | $62.1M |
| Cost of Goods Sold | $11.1M | $20.8M | $29.0M | $29.5M | $36.2M | $46.0M |
| Gross Profit | $6.0M | $8.7M | $8.4M | $7.8M | $16.2M | $16.1M |
| Operating Income | $1.5M | $2.6M | -$2.3M | -$3.5M | $5.1M | $1.6M |
| Pre-Tax Income | $989,000 | $2.4M | -$2.6M | -$4.4M | $4.5M | $1.9M |
| Income Tax | — | $37,000 | -$17,000 | $6,000 | $227,000 | $73,000 |
| Net Income | $989,000 | $2.3M | -$2.6M | -$4.4M | $4.2M | $1.8M |
| Diluted EPS | $0.03 | $0.05 | -$0.05 | -$0.09 | $0.07 | $0.02 |
Solesence Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $14.6M | $12.5M | $13.0M | $15.3M |
| Net Income | -$1.1M | $163,000 | -$766,000 | -$158,000 |
| Diluted EPS | -$0.02 | $0.00 | -$0.01 | — |
Solesence Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $957,000 | $657,000 | $2.2M | $1.7M | $1.4M | $1.3M |
| Current Assets | $8.8M | $11.6M | $16.6M | $16.3M | $29.3M | $28.8M |
| Total Assets | $13.5M | $28.4M | $33.6M | $32.9M | $50.0M | $50.1M |
| Current Liabilities | $6.8M | $8.7M | $16.8M | $15.6M | $25.8M | $13.9M |
| Total Long-Term Debt | $1.5M | — | $1.0M | $10.8M | — | $15.3M |
| Total Liabilities | $10.8M | $20.9M | $27.9M | $31.0M | $35.1M | $32.4M |
| Shareholders' Equity | $2.7M | $7.5M | $5.6M | $1.9M | $14.9M | $17.6M |
Solesence Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$2.1M | $2.3M | -$1.6M | -$2.0M | $2.0M | -$8.6M |
| Cash From Investing | -$878,000 | -$1.9M | -$2.8M | -$1.1M | -$4.6M | -$2.1M |
| Cash From Financing | $2.7M | -$747,000 | $6.0M | $2.6M | $2.3M | $10.6M |
| Free Cash Flow | -$2.9M | $447,000 | -$4.5M | -$3.1M | -$2.6M | — |
Figures from Solesence's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Solesence financials page for every line item.
Solesence Company Profile
| Ticker | SLSN |
|---|---|
| Exchange | Nasdaq |
| Industry | Perfumes, Cosmetics & Other Toilet Preparations |
| Headquarters | Romeoville, Illinois |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0000883107 |
Frequently Asked Questions
What was Solesence's revenue in fiscal 2025?
Solesence (SLSN) reported revenue of $62.1M for fiscal 2025.
What is Solesence's annual revenue history?
Solesence's annual revenue by fiscal year: 2020: $17.1M; 2021: $29.5M; 2022: $37.3M; 2023: $37.3M; 2024: $52.3M; 2025: $62.1M.
What was Solesence's net income in fiscal 2025?
Solesence reported net income of $1.8M for fiscal 2025.
What was Solesence's earnings per share (EPS) in fiscal 2025?
Solesence's diluted EPS was $0.02 for fiscal 2025 (adjusted for any later stock splits).
What was Solesence's revenue last quarter?
In its most recent reported quarter (2026 Q2), Solesence reported revenue of $15.3M.
How much debt does Solesence have?
Solesence reported $15.3M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Solesence are outstanding?
Solesence reported a weighted average of 70.6 million basic shares outstanding in 2026 Q2.
What is Solesence's market cap?
Based on its latest closing price, Solesence (SLSN) has a market capitalization of about $69.9M.
When does Solesence's fiscal year end?
Solesence's fiscal year end, as registered with the SEC, is December 31.
Where is Solesence headquartered?
Solesence lists its business address in Romeoville, Illinois in its SEC filings.