← SOLAI Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | ($29.2m) |
($48.7m)
-66.72%
|
($65.7m)
-34.79%
|
($93.5m)
-42.40%
|
($34.2m)
+63.43%
|
($60.5m)
-76.89%
|
($155.4m)
-156.82%
|
($28.7m)
+81.53%
|
$12.1m
+142.05%
|
($33.9m)
-380.60%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($30.1m) | ($48.6m) | ($66.8m) | ($94.0m) | ($33.9m) | ($72.5m) | ($158.4m) | ($28.7m) | $11.9m | ($34.5m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($906k) | $147k | — | — | — | — | — | — | — | — | — | |
| Depreciation and amortization | — | $6.1m | $9.1m | $8.8m | $7.0m | — | — | — | — | — | $15.1m | |
| Amortization of Intangible Assets | $986k | $4.0m | $4.8m | $4.2m | $337k | $5.3m | $9.1m | $1.3m | $1.4m | $3.9m | — | |
| Depreciation | $1.9m | $2.1m | $4.5m | $4.6m | $6.7m | $15.1m | $24.1m | $9.9m | $10.1m | $12.3m | $12.0m | |
| Amortization of right-of-use assets | — | $0 | $0 | $17.7m | $7.2m | $1.2m | $1.6m | $1.4m | $1.7m | $1.8m | — | |
| Depreciation of property and equipment | $12.9m | $13.4m | $31.1m | $32.0m | $43.6m | $15.1m | $24.1m | $9.9m | $10.1m | $12.3m | $15.1m | |
| Deferred Income Tax Expense (Benefit) | ($71k) | $62k | ($50k) | ($1.1m) | ($561k) | ($359k) | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $23.5m | $14.0m | $15.8m | $11.4m | $8.5m | $6.4m | $4.5m | $1.0m | $1.2m | $851k | $1.1m | |
| Share-based Payment Arrangement, Expense | $23.5m | $14.0m | $15.8m | $11.4m | $8.5m | $6.4m | $4.5m | $1.0m | $1.2m | $851k | $1.1m | |
| Share-based compensation | $163.3m | $91.1m | $108.6m | $79.3m | $55.4m | $6.4m | $4.5m | $1.0m | $1.2m | $851k | $1.1m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | $21.8m | $3.2m | $5.1m | — | — | — | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | $475k | — | — | $0 | $2.2m | $1.4m | $132k | $0 | — | |
| Goodwill, Impairment Loss | — | — | — | $18.6m | — | — | $26.6m | — | — | — | $11.9m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $26.1m | — | $56k | $56.1m | $0 | $0 | $1.4m | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | $387k | $0 | $0 | $0 | $0 | — | |
| Impairment of long-term investments | — | $28.8m | $149.9m | $22.4m | $33.0m | $0 | $2.2m | $1.4m | $132k | — | — | |
| Impairment of cryptocurrency assets | — | — | — | $0 | — | $31.8m | $18.4m | $5.2m | — | — | — | |
| Impairment of intangible assets | — | $0 | $0 | $181.8m | $0 | ($56k) | $56.1m | $0 | $0 | $1.4m | — | |
| Income (Loss) from Equity Method Investments | ($58k) | ($327k) | ($2.2m) | ($1.5m) | ($1.7m) | ($1.2m) | $164k | ($295k) | ($20k) | ($1k) | — | |
| Loss from equity method investments | $406k | $2.1m | $15.0m | $10.6m | $10.8m | $1.2m | ($164k) | $296k | $20k | $1k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Accounts Receivable | $628k | $0 | $0 | — | — | ($1.7m) | $3.8m | $2.6m | ($1.3m) | $915k | $1.6m | |
| Accounts receivable | ($4.4m) | $0 | $0 | $0 | — | $1.7m | ($3.8m) | ($2.6m) | $1.3m | ($915k) | $1.6m | |
| Increase (Decrease) in Accounts Payable | $3k | $0 | $0 | $0 | — | ($7.7m) | ($16.9m) | $625k | ($1.5m) | $541k | ($384k) | |
| Changes in fair value of payables settled by cryptocurrency assets | — | — | — | — | — | — | — | — | ($37k) | ($7k) | — | |
| Accrued expenses and other current liabilities | $55.4m | $11.6m | ($1.4m) | ($21.4m) | $12.8m | ($2.8m) | ($17.3m) | $23.3m | ($10.7m) | ($527k) | — | |
| Accrued payroll and welfare payable | $1.8m | $413k | ($1.8m) | ($2.9m) | $6.5m | ($1.5m) | $330k | ($290k) | ($130k) | $11k | — | |
| Prepayments and other current assets | ($4.3m) | ($32.2m) | $7.9m | $15.7m | $5.7m | ($2.3m) | $9.8m | $1.2m | $1.3m | ($3.9m) | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | $594k | $9.0m | $691k | $627k | $54k | — | |
| Net Cash Provided by (Used in) Operating Activities | ($114.3m) |
($31.1m)
+72.82%
|
($23.3m)
+24.88%
|
($23.4m)
-0.32%
|
($10.4m)
+55.46%
|
($34.3m)
-228.55%
|
($63.6m)
-85.47%
|
($28.4m)
+55.30%
|
($32.7m)
-15.24%
|
($26.9m)
+17.76%
|
($37.6m)
-39.55%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $3.9m | $11.2m | $5.2m | $540k | $225k | $56.6m | $13.8m | $1.4m | $1.2m | $220k | ($1.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | ($2k) | ($26k) | $0 | $155k | ($222k) | ($9.8m) | $10.9m | ($3k) | $51k | ($11k) | $2.1m | |
| Gain (Loss) on Disposition of Property Plant Equipment | $24k | $3.5m | $0 | $155k | $155k | $5.7m | $10.9m | $4.2m | $51k | ($11k) | $2.1m | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $614k | — | — | $987k | |
| Payments to Acquire Investments | — | — | — | — | — | $1.0m | — | — | — | — | $0 | |
| Unrealized Gain (Loss) on Investments | — | $0 | — | — | — | — | — | — | — | — | — | |
| Cash received from return of short-term investments | $100.0m | $0 | $0 | $100.0m | $80.0m | — | — | $2.4m | — | — | — | |
| Cash received from return of long-term investments | — | — | $7.6m | $6.5m | — | $301k | $1.4m | $363k | $123k | $228k | — | |
| Proceeds from disposal of long-term investments | — | — | — | $0 | $371k | — | $177k | $2.3m | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $960k | $57.5m | $0 | — | — | $21.9m | — | — | — | — | $0 | |
| Net Cash Provided by (Used in) Investing Activities | $496.9m | $16.7m | ($1.4m) | $10.0m | $3.3m | ($75.4m) | $24.4m | $26.2m | $28.9m | $15.9m | $34.0m | |
| Cash flows from financing activities: | ||||||||||||
| Payments for Repurchase of Common Stock | $18.9m | $2.7m | — | — | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $65.0m | — | — | — | $2.3m | $10.6m | $2.3m | |
| Net Cash Provided by (Used in) Financing Activities | ($117.1m) |
($1.4m)
+98.79%
|
$8.0m
+661.59%
|
$2.5m
-69.17%
|
$4k
-99.84%
|
$77.7m
+1941575.00%
|
$29.8m
-61.67%
|
— | $2.4m |
$10.7m
+351.60%
|
$2.3m
-78.14%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($13.7m) | ($10.1m) | ($8.2m) | ($30.1m) | ($12.2m) | ($2.3m) | ($1.5m) | ($390k) | $1.1m | |
| Cash and cash equivalents at beginning of the year | $400.7m | $673.1m | $436.4m | $365.8m | $312.5m | $17.8m | $5.6m | $3.3m | $1.8m | $1.4m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $63.5m | $52.5m | $47.9m | $17.8m | $5.6m | $3.3m | $1.8m | $1.4m | $1.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $3.1m | $792k | ($1.1m) | $1.9m | ($2.8m) | ($48k) | $55k | ($65k) | $158k | |
| Effect of exchange rate changes on cash and cash equivalents | $47k | ($40.9m) | $21.2m | $5.5m | ($7.0m) | $1.9m | ($2.8m) | ($48k) | $55k | ($65k) | $158k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Additional Financial Items | ||||||||||||
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | — | — | — | — | — | $5.5m | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | — | — | $1.5m | — | — | ($6.7m) | — | — | $18.7m | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | $316k | — | — | ($2.2m) | — | ($3.3m) | $240k | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | ($1.8m) | — | — | — | — | — | — | |
| General and Administrative Expense | $35.7m | $39.5m | $36.6m | $32.1m | $23.4m | $25.5m | $22.8m | $18.5m | $13.7m | $18.3m | — | |
| Goodwill | $23.1m | $40.0m | $18.9m | — | — | $26.6m | — | — | $0 | — | $11.9m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | $25.4m | ($6.9m) | ($33.9m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($68.6m) | ($94.0m) | ($33.9m) | ($63.6m) | ($158.4m) | ($25.4m) | ($7.0m) | ($34.5m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $1.8m | — | — | ($8.9m) | — | ($3.3m) | $18.9m | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | ($3.3m) | $18.9m | — | — | |
| Income Tax Expense (Benefit) | $440k | ($1.9m) | ($2.9m) | ($1.1m) | ($560k) | ($359k) | — | — | $0 | $0 | — | |
| Investment Income, Interest | $3.4m | $3.2m | $2.2m | $1.9m | $1.4m | $56k | $150k | $242k | $56k | $146k | — | |
| Operating Expenses | — | — | — | — | — | $29.6m | — | — | $13.8m | $18.3m | — | |
| Operating Lease, Expense | — | — | — | — | — | $1.2m | $1.6m | $1.6m | $1.8m | $1.5m | — | |
| Proceeds from Stock Options Exercised | $1.8m | $858k | $6.0m | $2.5m | $4k | — | — | — | $30k | — | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | $3.7m | — | ($35k) | $311k | $21k | — | |
| Net (loss) income | ($209.3m) | ($316.1m) | ($459.4m) | ($654.3m) | ($221.1m) | ($72.5m) | ($158.4m) | ($28.7m) | $11.9m | ($34.5m) | — | |
| Changes in fair value of derivative instruments | — | — | — | $0 | — | ($3.7m) | — | $35k | ($311k) | ($21k) | — | |
| Changes in fair value of cryptocurrency assets | — | — | — | — | — | — | — | — | ($2.9m) | $4.4m | — | |
| Provision for credit losses | $200k | $1.5m | $0 | $20.3m | $510k | $1.1m | — | $4.8m | — | — | — | |
| Write-off of prepayments | — | — | — | — | — | — | — | — | $604k | $1.7m | — | |
| Net gain on disposal of cryptocurrency assets | — | — | — | — | — | ($11.4m) | ($8.4m) | ($6.2m) | — | — | — | |
| Cryptocurrency assets | — | — | — | $0 | — | ($20.1m) | ($34.2m) | ($38.0m) | ($28.7m) | ($18.1m) | — | |
| Long-term prepayments and other non-current assets | — | $0 | $0 | $1.7m | $222k | — | — | ($831k) | $1.7m | — | — | |
| Deposits | ($4.8m) | $46k | $612k | ($236k) | $3.9m | — | — | ($79k) | — | — | — | |
| Operating lease liabilities | — | $0 | $0 | ($13.3m) | ($14.4m) | ($629k) | ($1.9m) | ($1.6m) | ($1.7m) | ($1.8m) | — | |
| Other non-current liabilities | ($2.5m) | ($19.6m) | ($24.7m) | ($1.3m) | ($518k) | — | — | — | $775k | $3.6m | — | |
| Income tax payable | $5.3m | ($2.1m) | ($224k) | $447k | — | ($448k) | ($7k) | $3k | ($5k) | $9k | — | |
| Proceeds from the disposal of subsidiaries, net of cash disposed | — | — | — | — | — | — | $5.0m | — | ($372k) | — | — | |
| Cash received for asset acquisition, net of cash paid | — | — | — | — | — | — | $25k | — | $46k | — | — | |
| Cash received from disposal of cryptocurrency assets | — | — | — | $0 | — | $10.8m | $34.4m | $36.8m | $33.7m | $25.4m | — | |
| Cryptocurrencies purchased using fiat currency | — | — | — | — | — | — | — | ($14.2m) | ($2.3m) | ($9.5m) | — | |
| Loans provided to third parties | — | $0 | ($10.0m) | ($7.9m) | — | ($8.0m) | ($459k) | — | ($1.4m) | ($21k) | — | |
| Proceeds from the exercise of warrants | $12.6m | $5.6m | $41.5m | $17.1m | $26k | — | — | — | $30k | — | — | |
| Proceeds from issuance of ordinary shares under At-The-Market offering | — | — | — | — | — | — | — | — | $2.3m | $10.6m | — | |
| Net decrease in cash and cash equivalents | $265.6m | ($146.4m) | ($94.0m) | ($70.6m) | ($53.3m) | ($30.1m) | ($12.2m) | ($2.3m) | ($1.5m) | ($390k) | — | |
| Interest received | $19.0m | $19.4m | $16.0m | $12.7m | $9.9m | $189k | $150k | $242k | $2k | $146k | — | |
| Operating lease right-of-use asset obtained in exchange for operating lease liability | — | — | — | — | — | $0 | — | $1.6m | $34k | $1.2m | — | |
| Payment of expense and non-current assets in the form of cryptocurrencies | — | — | — | $0 | $0 | $2.3m | $6.9m | $13.8m | $148k | — | — | |
| Ordinary shares issued and issuable in connection with business combination and asset acquisition | — | — | — | — | — | — | $3.4m | — | $15.3m | $2k | — | |
| Deposits received from customers of mining data center in the form of cryptocurrencies | — | — | — | $0 | $0 | $4.0m | $2.2m | — | $442k | $815k | — | |
| Deposits refund to customers of mining data center in the form of cryptocurrencies | — | — | — | — | — | — | — | $71k | $1.2m | — | — | |
| Cryptocurrencies collected from disposal of discontinued operation | — | — | — | — | — | — | — | — | $1.0m | $1.0m | — | |
| Cryptocurrencies collected from derivative contracts | — | — | — | — | — | $0 | — | $7.2m | $23.1m | $8.1m | — | |
| Cryptocurrencies paid to derivative contracts | — | — | — | — | — | $0 | — | $8.6m | $22.3m | $7.6m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.