NASDAQ : SLGL
Sol-Gel Technologies Ltd. — Financial statements
Healthcare · Biotechnology · Israel
Last price 68.59 USD (Oct 30, 2026, 3:02 PM EDT) · Market cap 224.56M
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Financial statements
Sol-Gel Technologies Ltd. (SLGL) reported revenue of 1.79M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.79M | 19.39M | 11.54M | 1.55M | 3.88M | 31.27M |
| Cost of Revenue | 15.82M | 22.80M | 17.80M | 23.54M | 12.68M | 20.38M |
| Gross Profit | -14.03M | -3.42M | -6.26M | -21.99M | -8.80M | 10.89M |
| Selling, General & Admin | 3.75M | 4.18M | 5.75M | 7.37M | 7.45M | 8.45M |
| Other Operating Expenses | 4.00K | -524.00K | ||||
| Operating Expenses | 3.75M | 4.18M | 5.75M | 7.37M | 7.45M | 7.93M |
| Operating Income | -17.77M | -7.59M | -12.02M | -29.36M | -16.24M | 2.96M |
| Interest & Investment Income | 1.41M | 1.44M | 1.61M | 1.63M | 1.44M | 132.00K |
| EBT Excluding Unusual Items | -16.36M | -6.16M | -10.41M | -27.73M | -14.80M | 3.10M |
| Gain (Loss) on Sale of Investments | -26.00K | -26.00K | -175.00K | 436.00K | -119.00K | 125.00K |
| Gain (Loss) on Sale of Assets | 54.00K | 54.00K | 4.00K | 55.00K | ||
| Pretax Income | -16.34M | -6.13M | -10.58M | -27.24M | -14.92M | 3.22M |
| Net Income | -16.34M | -6.13M | -10.58M | -27.24M | -14.92M | 3.22M |
| Net Income to Common | -16.34M | -6.13M | -10.58M | -27.24M | -14.92M | 3.22M |
| Shares Outstanding (Basic) | 2.92M | 2.79M | 2.79M | 2.71M | 2.31M | 2.31M |
| Shares Outstanding (Diluted) | 2.92M | 2.79M | 2.79M | 2.71M | 2.31M | 2.36M |
| EPS (Basic) | -5.59 | -2.20 | -3.80 | -10.06 | -6.45 | 1.40 |
| EPS (Diluted) | -5.59 | -2.20 | -3.80 | -10.06 | -6.45 | 1.40 |
| Free Cash Flow | -8.59M | 275.00K | -13.89M | -17.86M | -9.65M | -7.83M |
| Free Cash Flow Per Share | -2.94 | 0.10 | -4.99 | -6.59 | -4.17 | -3.32 |
| Gross Margin | -17.62% | -54.30% | -226.60% | 34.83% | ||
| Operating Margin | -989.97% | -39.16% | -104.16% | -1,889.32% | -418.34% | 9.48% |
| Profit Margin | -910.14% | -31.60% | -91.70% | -1,752.77% | -384.32% | 10.30% |
| Free Cash Flow Margin | -478.66% | 1.42% | -120.39% | -1,149.55% | -248.65% | -25.05% |
| EBITDA | -17.69M | -7.48M | -11.79M | -29.02M | -15.68M | 3.84M |
| EBITDA Margin | -38.60% | -102.14% | 12.29% | |||
| D&A For EBITDA | 80.00K | 109.00K | 233.00K | 342.00K | 562.00K | 880.00K |
| EBIT | -17.77M | -7.59M | -12.02M | -29.36M | -16.24M | 2.96M |
| EBIT Margin | -39.16% | -104.16% | 9.48% | |||
| Revenue as Reported | 31.27M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 16.66M | 11.03M | 19.49M | 7.51M | 12.45M | 20.09M |
| Short-Term Investments | 31.27M | 12.97M | 4.44M | 30.48M | 21.18M | 23.16M |
| Cash & Short-Term Investments | 47.93M | 24.00M | 23.93M | 38.00M | 33.63M | 43.24M |
| Receivables | 713.00K | 1.97M | 3.60M | 377.00K | 7.92M | 13.06M |
| Prepaid Expenses | 2.44M | 1.00M | 3.77M | 2.79M | 1.51M | 800.00K |
| Total Current Assets | 51.08M | 26.97M | 31.30M | 41.17M | 43.05M | 57.11M |
| Property, Plant & Equipment | 915.00K | 1.17M | 1.63M | 2.15M | 1.54M | 2.55M |
| Long-Term Accounts Receivable | 7.40M | |||||
| Other Long-Term Assets | 1.76M | 1.78M | 2.92M | 1.97M | 2.04M | 2.13M |
| Total Assets | 53.76M | 29.92M | 35.85M | 45.29M | 46.63M | 69.19M |
| Accounts Payable | 906.00K | 735.00K | 1.26M | 154.00K | 251.00K | 766.00K |
| Accrued Expenses | 3.37M | 1.52M | 2.66M | 2.14M | 2.44M | |
| Current Portion of Leases | 519.00K | 495.00K | 430.00K | 447.00K | 718.00K | 781.00K |
| Other Current Liabilities | 3.50M | 1.57M | 2.07M | 1.26M | 220.00K | 7.71M |
| Total Current Liabilities | 4.93M | 6.17M | 5.29M | 4.52M | 3.33M | 11.69M |
| Long-Term Leases | 251.00K | 496.00K | 878.00K | 1.21M | 54.00K | 810.00K |
| Pension & Post-Retirement Benefits | 482.00K | 439.00K | 833.00K | 915.00K | 1.03M | 1.09M |
| Total Liabilities | 5.66M | 7.11M | 7.00M | 6.64M | 4.42M | 13.60M |
| Common Stock | 1.39M | 774.00K | 774.00K | 774.00K | 638.00K | 638.00K |
| Additional Paid-In Capital | 291.12M | 259.05M | 258.96M | 258.17M | 234.64M | 233.10M |
| Retained Earnings | -244.42M | -237.01M | -230.88M | -220.30M | -193.06M | -178.14M |
| Shareholders' Equity | 48.10M | 22.81M | 28.85M | 38.64M | 42.21M | 55.59M |
| Total Liabilities & Equity | 53.76M | 29.92M | 35.85M | 45.29M | 46.63M | 69.19M |
| Total Debt | 770.00K | 991.00K | 1.31M | 1.65M | 772.00K | 1.59M |
| Net Cash (Debt) | 47.16M | 23.01M | 22.62M | 36.34M | 32.85M | 41.65M |
| Net Cash Per Share | 16.14 | 8.26 | 8.12 | 13.42 | 14.20 | 17.67 |
| Filing Date Shares Outstanding | 3.27M | 2.81M | 2.79M | 2.79M | 2.57M | 2.31M |
| Total Common Shares Outstanding | 3.27M | 2.79M | 2.79M | 2.79M | 2.31M | 2.31M |
| Working Capital | 46.15M | 20.80M | 26.01M | 36.65M | 39.73M | 45.41M |
| Book Value Per Share | 14.69 | 8.19 | 10.36 | 13.87 | 18.25 | 24.04 |
| Tangible Book Value | 48.10M | 22.81M | 28.85M | 38.64M | 42.21M | 55.59M |
| Tangible Book Value Per Share | 14.69 | 8.19 | 10.36 | 13.87 | 18.25 | 24.04 |
| Machinery | 3.95M | 4.24M | 4.25M | 4.38M | 4.21M | |
| Leasehold Improvements | 467.00K | 1.98M | 1.99M | 1.99M | 1.99M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -16.34M | -6.13M | -10.58M | -27.24M | -14.92M | 3.22M |
| Depreciation & Amortization | 80.00K | 109.00K | 233.00K | 342.00K | 562.00K | 880.00K |
| Loss (Gain) From Sale of Assets | -57.00K | -54.00K | -4.00K | -55.00K | 29.00K | |
| Loss (Gain) From Sale of Investments | -39.00K | 26.00K | 175.00K | -436.00K | 119.00K | -125.00K |
| Stock-Based Compensation | 198.00K | 82.00K | 786.00K | 1.86M | 1.53M | 687.00K |
| Other Operating Activities | 213.00K | 94.00K | -97.00K | 130.00K | -307.00K | 37.00K |
| Change in Accounts Receivable | 9.33M | 1.63M | -3.22M | 7.54M | 12.55M | -18.31M |
| Change in Accounts Payable | -1.42M | 820.00K | 780.00K | 1.47M | -8.30M | 5.62M |
| Change in Other Net Operating Assets | -505.00K | 3.75M | -1.96M | -1.34M | -709.00K | 274.00K |
| Operating Cash Flow | -8.54M | 322.00K | -13.89M | -17.73M | -9.48M | -7.69M |
| Capital Expenditures | -50.00K | -47.00K | -2.00K | -134.00K | -171.00K | -143.00K |
| Sale of Property, Plant & Equipment | 57.00K | 54.00K | 6.00K | 74.00K | ||
| Investment in Securities | -17.19M | -8.59M | 26.69M | -9.68M | 1.87M | 20.02M |
| Investing Cash Flow | -17.18M | -8.58M | 26.69M | -9.74M | 1.70M | 19.87M |
| Issuance of Common Stock | 34.53M | 6.00K | 21.81M | 15.00K | 837.00K | |
| Financing Cash Flow | 32.35M | 6.00K | 21.81M | 15.00K | 837.00K | |
| Foreign Exchange Rate Adjustments | -175.00K | -188.00K | -1.00K | -73.00K | 133.00K | -55.00K |
| Net Cash Flow | 6.45M | -8.44M | 12.80M | -5.74M | -7.64M | 12.96M |
| Free Cash Flow | -8.59M | 275.00K | -13.89M | -17.86M | -9.65M | -7.83M |
| Free Cash Flow Margin | -478.66% | 1.42% | -120.39% | -1,149.55% | -248.65% | -25.05% |
| Free Cash Flow Per Share | -2.94 | 0.10 | -4.99 | -6.59 | -4.17 | -3.32 |
| Levered Free Cash Flow | -2.12M | 617.00K | -9.91M | -8.56M | -12.10M | -1.74M |
| Unlevered Free Cash Flow | -2.12M | 617.00K | -9.91M | -8.56M | -12.10M | -1.74M |
| Cash Income Tax Paid | 34.00K | |||||
| Change in Working Capital | 7.40M | 6.19M | -4.40M | 7.67M | 3.54M | -12.42M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 218.11M | 117.39M | 25.91M | 30.78M | 105.47M | 171.08M |
| Enterprise Value | 170.95M | 97.63M | -834.63K | -10.85M | 71.05M | 126.95M |
| Last Close Price | 68.35 | 42.14 | 9.30 | 11.05 | 45.60 | 74.00 |
| PE Ratio | 53.11 | |||||
| Forward PE | 68.57 | 68.57 | 68.57 | 68.57 | 72.43 | |
| PS Ratio | 124.67 | 6.05 | 2.25 | 19.81 | 27.16 | 5.47 |
| PB Ratio | 4.65 | 5.15 | 0.90 | 0.80 | 2.50 | 3.08 |
| P/TBV Ratio | 4.65 | 5.15 | 0.90 | 0.80 | 2.50 | 3.08 |
| P/FCF Ratio | 426.88 | |||||
| P/OCF Ratio | 364.57 | |||||
| EV/Sales Ratio | 98.39 | 5.04 | 18.30 | 4.06 | ||
| EV/EBITDA Ratio | 33.02 | |||||
| EV/EBIT Ratio | 42.83 | |||||
| EV/FCF Ratio | 355.03 | |||||
| Debt / Equity Ratio | 0.02 | 0.04 | 0.04 | 0.04 | 0.02 | 0.03 |
| Debt / EBITDA Ratio | 0.34 | |||||
| Debt / FCF Ratio | 3.60 | |||||
| Net Debt / Equity Ratio | -0.98 | -1.01 | -0.78 | -0.94 | -0.78 | -0.75 |
| Net Debt / EBITDA Ratio | 2.67 | 3.08 | 1.92 | 1.25 | 2.10 | -10.84 |
| Net Debt / FCF Ratio | 5.49 | -83.67 | 1.63 | 2.03 | 3.40 | 5.32 |
| Asset Turnover | 0.04 | 0.59 | 0.28 | 0.03 | 0.07 | 0.49 |
| Quick Ratio | 9.87 | 4.21 | 5.21 | 8.49 | 12.48 | 4.82 |
| Current Ratio | 10.37 | 4.37 | 5.92 | 9.10 | 12.93 | 4.88 |
| Return on Equity (ROE) | -40.85% | -23.72% | -31.35% | -67.37% | -30.51% | 6.05% |
| Return on Assets (ROA) | -23.87% | -14.43% | -18.52% | -39.93% | -17.53% | 2.89% |
| Return on Capital Employed (ROCE) | -36.40% | -32.00% | -39.30% | -72.00% | -37.50% | 5.20% |
| Earnings Yield | -8.40% | -5.22% | -40.83% | -88.48% | -14.15% | 1.88% |
| FCF Yield | -3.84% | 0.23% | -53.61% | -58.03% | -9.15% | -4.58% |
| Buyback Yield / Dilution | -4.86% | -0.00% | -2.85% | -17.11% | 1.86% | -4.39% |