← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $10.9m |
$131.3m
+1101.71%
|
$1.1m
-99.16%
|
$568k
-48.74%
|
$3.5m
+508.80%
|
$1.3b
+38329.03%
|
$650.2m
-51.07%
|
$43.8m
-93.27%
|
$34.2m
-21.96%
|
$23.1m
-32.54%
|
$24.3m
+5.53%
|
|
| Cost of Revenue | ($12.7m) |
($37.5m)
-194.01%
|
$957k
+102.55%
|
$434k
-54.60%
|
$2.6m
+491.88%
|
$1.1b
+44535.88%
|
$561.5m
-51.07%
|
$40.1m
-92.87%
|
$29.9m
-25.26%
|
$19.9m
-33.65%
|
$35.2m
+77.44%
|
|
| Gross Profit (Calculated) (derived) | ($1.8m) |
$93.8m
+5253.21%
|
($10.5m)
-111.22%
|
($8.0m)
+23.73%
|
$772k
+109.61%
|
$24.3m
+3052.59%
|
$22.0m
-9.45%
|
$14.0m
-36.50%
|
$14.3m
+2.47%
|
($716k)
-104.99%
|
— | |
| Research and Development Expense | $10.3m | $10.5m | $9.0m | $7.0m | $4.6m | $3.2m | $3.7m | $874k | $69k | — | $69k | |
| Selling and Marketing Expense | $6.5m | $11.8m | $13.4m | $6.1m | $2.6m | $951k | $633k | $153k | $54k | $47k | $17.1m | |
| Sales and marketing expenses | ($44.9m) | ($77.0m) | ($92.5m) | ($42.4m) | ($16.7m) | ($951k) | ($633k) | ($153k) | ($54k) | ($47k) | — | |
| General and Administrative Expense | $35.7m | $39.5m | $36.6m | $32.1m | $23.4m | $25.5m | $22.8m | $18.5m | $13.7m | $18.3m | $17.1m | |
| Other General and Administrative Expense | — | — | — | — | — | — | — | — | $8.0m | $12.9m | — | |
| General and administrative expenses | ($247.7m) | ($257.1m) | ($251.4m) | ($223.8m) | ($152.5m) | ($25.5m) | ($22.8m) | ($18.5m) | ($13.7m) | ($18.3m) | $17.1m | |
| Amortization of Intangible Assets | $986k | $4.0m | $4.8m | $4.2m | $337k | $5.3m | $9.1m | $1.3m | $1.4m | $3.9m | — | |
| Operating Lease, Expense | — | — | — | — | — | $1.2m | $1.6m | $1.6m | $1.8m | $1.5m | — | |
| Operating Expenses | — | — | — | — | — | $29.6m | — | — | $13.8m | $18.3m | $11.5m | |
| Other operating expenses | ($1.9m) | ($34.7m) | ($5.1m) | ($7.0m) | ($2.8m) | ($14.7m) | ($5.5m) | ($13.6m) | ($613k) | ($3.0m) | — | |
| Total operating costs and expenses | ($378.3m) | ($455.5m) | ($485.8m) | ($374.2m) | ($216.3m) | ($1.4b) | ($687.3m) | ($59.5m) | ($43.8m) | ($52.1m) | — | |
| Other Operating Income | $393k | $185k | $1.8m | $975k | $846k | $300k | $590k | $180k | $214k | $9.7m | — | |
| Operating loss from continuing operations | ($366.6m) | ($350.9m) | ($344.5m) | ($642.8m) | ($190.8m) | ($68.3m) | ($168.6m) | ($25.2m) | ($8.0m) | ($34.7m) | — | |
| Operating Income (Loss) | ($52.8m) |
($53.9m)
-2.14%
|
($50.1m)
+7.09%
|
($92.3m)
-84.30%
|
($29.2m)
+68.33%
|
($68.3m)
-133.75%
|
($168.6m)
-146.74%
|
($25.2m)
+85.06%
|
($8.0m)
+68.22%
|
($34.7m)
-333.42%
|
($22.4m)
+35.32%
|
|
| Other Operating Income (Expense), Net | $2.7m | $1.2m | $12.6m | $6.8m | $5.5m | $594k | $9.0m | $691k | $627k | $54k | — | |
| Interest Expense | — | $0 | — | — | — | $775k | $218k | — | — | — | $0 | |
| Investment Income, Interest | $3.4m | $3.2m | $2.2m | $1.9m | $1.4m | $56k | $150k | $242k | $56k | $146k | — | |
| Interest income | $23.9m | $20.6m | $15.3m | $13.4m | $9.1m | $56k | $150k | $242k | $56k | $146k | $111k | |
| Gain (Loss) on Investments | — | — | — | — | — | — | — | $614k | — | — | — | |
| Income (Loss) from Equity Method Investments | ($58k) | ($327k) | ($2.2m) | ($1.5m) | ($1.7m) | ($1.2m) | $164k | ($295k) | ($20k) | ($1k) | — | |
| Interest and Other Income | $3.4m | $3.2m | $2.2m | $1.9m | $1.4m | $56k | $150k | $242k | $56k | $146k | — | |
| Other Expenses | — | — | — | — | — | $14.7m | — | — | $613k | $3.0m | — | |
| Other Income | — | $126k | ($6k) | $65k | $115k | $594k | $9.0m | $691k | $627k | $54k | — | |
| Other income, net | $0 | $821k | ($43k) | $455k | $748k | $594k | $9.0m | $691k | $627k | $54k | ($10.9m) | |
| Loss from equity method investments | ($406k) | ($2.1m) | ($15.0m) | ($10.6m) | ($10.8m) | ($1.2m) | $164k | ($295k) | ($20k) | ($1k) | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($29.7m) | ($50.5m) | ($71.5m) | ($95.1m) | ($34.4m) | ($63.9m) | ($158.4m) | ($25.4m) | ($7.0m) | ($34.5m) | ($33.2m) | |
| Loss before income tax from continuing operations | ($206.2m) | ($328.5m) | ($491.3m) | ($661.9m) | ($224.8m) | ($63.9m) | ($158.4m) | ($25.4m) | ($7.0m) | ($34.5m) | — | |
| Income tax benefits | ($3.1m) | $12.4m | $19.6m | ($7.6m) | ($3.7m) | $359k | $0 | $0 | $0 | $0 | — | |
| (Loss) income from discontinued operations, net of applicable income taxes | $707k | $15.3m | $2.2m | $0 | ($8.8m) | ($2.2m) | ($79.0m) | ($3.3m) | $240k | — | — | |
| Gain on disposal of discontinued operations, net of applicable income taxes | $0 | $0 | $10.2m | $0 | — | ($6.7m) | — | — | $18.7m | — | — | |
| Net (loss) income from discontinued operations, net of applicable income taxes | $707k | $15.3m | $12.3m | $0 | ($8.8m) | ($8.9m) | ($79.0m) | ($3.3m) | $18.9m | — | — | |
| Current Income Tax Expense (Benefit) | $511k | ($2.0m) | ($2.8m) | $0 | $1k | — | — | — | — | — | $0 | |
| Income Tax Expense (Benefit) | $440k | ($1.9m) | ($2.9m) | ($1.1m) | ($560k) | ($359k) | — | — | $0 | $0 | $0 | |
| Net loss from continuing operations | ($5) | ($8) | ($11) | ($15) | ($5) | ($1) | ($18) | ($25.4m) | ($7.0m) | ($34.5m) | — | |
| Less: Net loss attributable to non-controlling interests | $0 | ($567k) | ($3.2m) | $0 | — | — | ($3.0m) | — | ($154k) | ($603k) | — | |
| Net loss attributable to SOLAI Limited from continuing operations | — | — | — | — | — | ($27.7m) | ($76.4m) | ($25.4m) | ($6.9m) | ($33.9m) | — | |
| Net loss from continuing operations - basic (in dollars per share) | — | — | — | — | ($0) | ($0) | ($0) | ($0) | ($0) | ($0) | — | |
| Net loss from continuing operations - diluted (in dollars per share) | — | — | — | — | ($0) | ($0) | ($0) | ($0) | ($0) | ($0) | — | |
| Net loss from continuing operations, basic (in dollars per share) | — | — | — | — | — | ($4) | ($9) | ($2) | ($1) | ($2) | — | |
| Net loss from continuing operations, diluted (in dollars per share) | — | — | — | — | — | ($4) | ($9) | ($2) | ($1) | ($2) | — | |
| 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%
|
($32.8m)
+3.32%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($906k) | $147k | — | — | — | — | — | — | — | — | ($32.8m) | |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest | — | — | ($652k) | ($434k) | $326k | ($12.0m) | ($3.0m) | — | — | — | ($32.8m) | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | ($0) | ($0) | ($0) | ($0) | ($0) | ($0) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | ($0) | ($0) | ($0) | ($0) | ($0) | ($0) | — | |
| Earnings Per Share, Basic | ($0.07) | ($0.12) | ($1.10) | ($1.52) | ($0.52) | ($0.09) | ($0.18) | ($0.03) | $0.01 | ($0.02) | ($14.00) | |
| Earnings Per Share, Diluted | ($0.07) | ($0.12) | — | — | ($0.07) | ($0.10) | ($0.18) | ($0.03) | $0.01 | ($0.02) | ($14.00) | |
| Net (loss) income from discontinued operations - basic (in dollars per share) | — | — | — | — | ($0.02) | ($0.01) | ($0.09) | $0.00 | $0.02 | — | — | |
| Net (loss) income from discontinued operations - diluted (in dollars per share) | — | — | — | — | ($0.02) | ($0.01) | ($0.09) | $0.00 | $0.02 | — | — | |
| Net (loss) income from discontinued operations, basic (in dollars per share) | — | — | — | — | — | — | ($9.07) | ($0.30) | $1.61 | — | — | |
| Net (loss) income from discontinued operations, diluted (in dollars per share) | — | — | — | — | — | — | ($9.07) | ($0.30) | $1.61 | — | — | |
| Weighted Average Number of Shares Outstanding, Basic | 414.9m | 408.3m | 418.9m | 428.6m | 430.0m | 622.3m | 871.0m | 1.1b | 1.2b | 1.7b | 2.6m | |
| Weighted Average Number of Shares Outstanding, Diluted | 414.9m | 408.3m | 418.9m | 428.6m | 430.0m | 622.3m | 871.0m | 1.1b | 1.2b | 1.7b | 2.6m | |
| Additional Financial Items | ||||||||||||
| Cost, Depreciation and Amortization | — | — | — | — | — | $18.9m | $32.0m | $10.9m | $11.4m | $10.1m | — | |
| Costs and Expenses | $54.5m | $70.0m | $70.7m | $53.8m | $33.1m | $1.4b | $687.3m | $59.5m | $43.8m | $52.1m | — | |
| 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 | — | — | — | $10.2m | |
| Other Cost and Expense, Operating | $213k | $5.3m | $736k | $1.0m | $422k | $14.7m | $5.5m | $13.6m | $613k | $3.0m | — | |
| Service development expenses | ($71.6m) | ($68.3m) | ($61.9m) | ($48.6m) | ($30.2m) | ($3.2m) | ($3.7m) | ($874k) | ($69k) | — | — | |
| Net gain on disposal of cryptocurrency assets | — | — | — | — | — | $11.4m | $8.4m | $7.1m | — | — | — | |
| Impairment of cryptocurrency assets | — | — | — | — | $0 | ($38.3m) | ($18.4m) | ($2.4m) | — | — | — | |
| Changes in fair value of cryptocurrency assets | — | — | — | — | — | — | — | — | $3.2m | ($4.4m) | — | |
| Impairment of property and equipment | — | — | — | $0 | — | ($22.4m) | ($35.2m) | $0 | $0 | ($8.8m) | — | |
| Impairment of intangible assets | — | $0 | $0 | ($181.8m) | $0 | ($56k) | ($56.1m) | — | — | ($1.4m) | — | |
| Changes in fair value of payables settled by cryptocurrency assets | — | — | — | — | — | — | — | — | $37k | $7k | — | |
| Impairment of long-term investments | — | ($28.8m) | ($149.9m) | ($22.4m) | ($33.0m) | $0 | ($2.2m) | ($1.4m) | ($132k) | $0 | — | |
| Changes in fair value of derivative instruments | — | — | — | — | — | — | — | ($35k) | $311k | $21k | — | |
| Net (loss) income | ($209.3m) | ($316.1m) | ($459.4m) | ($654.3m) | ($221.1m) | ($72.5m) | ($158.4m) | ($28.7m) | $1 | ($2) | — | |
| Net (loss) income attributable to SOLAI Limited | ($203.0m) | ($317.1m) | ($451.7m) | ($651.3m) | ($223.2m) | ($60.5m) | ($155.4m) | ($28.7m) | $12.1m | ($33.9m) | — | |
| Net (loss) income attributable to SOLAI Limited from discontinued operations | — | — | — | — | — | ($34.7m) | ($79.0m) | ($3.3m) | $18.9m | — | — | |
| Foreign currency translation (loss) income | $82.3m | ($55.8m) | $23.0m | $6.4m | ($11.8m) | $2.1m | ($1.7m) | ($316k) | ($116k) | $146k | — | |
| Other comprehensive (loss) income, net of tax | $83.1m | ($56.5m) | $23.0m | $2.4m | ($13.0m) | $2.9m | ($1.7m) | ($316k) | ($116k) | $146k | — | |
| Comprehensive (loss) income | ($126.2m) | ($372.7m) | ($436.4m) | ($651.9m) | ($234.1m) | ($69.6m) | ($160.2m) | ($29.0m) | $11.8m | ($34.3m) | — | |
| Less: Comprehensive loss attributable to non-controlling interests | ($6.3m) | $1.3m | ($6.4m) | ($4.3m) | $2.1m | ($11.3m) | ($3.1m) | — | ($154k) | ($603k) | — | |
| Comprehensive (loss) income attributable to SOLAI Limited | ($119.9m) | ($374.0m) | ($430.0m) | ($647.5m) | ($236.3m) | ($58.3m) | ($157.0m) | ($29.0m) | $12.0m | ($33.7m) | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | $316k | — | — | ($2.2m) | — | ($3.3m) | $240k | — | — | |
| 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 | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.