NASDAQ : STKE
Sol Strategies Inc. — Financial statements
Financials · Capital Markets · Canada
Last price 1.23 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 48.30M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Sol Strategies Inc. (STKE) reported revenue of 12.79M CAD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Other Revenue | 12.79M | 14.56M | 10.62M | -5.04M | 3.13M | 406.82K |
| Revenue | 12.79M | 14.56M | 10.62M | -5.04M | 3.13M | 406.82K |
| Gross Profit | 12.79M | 14.56M | 10.62M | -5.04M | 3.13M | 406.82K |
| Selling, General & Admin | 13.06M | 8.96M | 1.18M | 962.06K | 1.24M | 1.21M |
| Amortization of Goodwill & Intangibles | 10.17M | 10.21M | 31.64K | 70.89K | 255.55K | 74.56K |
| Operating Expenses | 28.90M | 27.03M | 2.53M | 1.46M | 2.84M | 1.95M |
| Operating Income | -16.11M | -12.47M | 8.09M | -6.50M | 293.64K | -1.54M |
| Interest Expense | -4.09M | -3.20M | ||||
| Interest & Investment Income | 299.23K | |||||
| Currency Exchange Gain (Loss) | -929.30K | -163.58K | 50.73K | -346.67K | 715.35K | -344.69K |
| Other Non Operating Income (Expenses) | -89.74M | -1.42M | -215.80K | |||
| EBT Excluding Unusual Items | -110.57M | -17.25M | 8.14M | -6.85M | 793.20K | -1.88M |
| Gain (Loss) on Sale of Investments | -196.44K | |||||
| Gain (Loss) on Sale of Assets | 54.34K | 536.63K | ||||
| Asset Writedown | -43.67M | -27.56M | ||||
| Other Unusual Items | -477.50K | |||||
| Pretax Income | -154.44M | -44.81M | 8.19M | -6.31M | 793.20K | -2.36M |
| Income Tax Expense | -9.83M | -9.78M | 1.58M | -26.94K | 434.74K | -1.19M |
| Earnings From Continuing Operations | -144.61M | -35.04M | 6.61M | -6.28M | 358.46K | -1.17M |
| Net Income | -144.61M | -35.04M | 6.61M | -6.28M | 358.46K | -1.17M |
| Net Income to Common | -144.61M | -35.04M | 6.61M | -6.28M | 358.46K | -1.17M |
| Shares Outstanding (Basic) | 29.34M | 20.09M | 18.65M | 19.51M | 20.01M | 16.78M |
| Shares Outstanding (Diluted) | 29.34M | 20.09M | 18.75M | 19.51M | 20.01M | 16.78M |
| EPS (Basic) | -4.93 | -1.74 | 0.35 | -0.32 | 0.02 | -0.07 |
| EPS (Diluted) | -4.93 | -1.74 | 0.35 | -0.32 | 0.02 | -0.07 |
| Free Cash Flow | -10.75M | -11.03M | -856.73K | -1.13M | -376.61K | -1.64M |
| Free Cash Flow Per Share | -0.37 | -0.55 | -0.05 | -0.06 | -0.02 | -0.10 |
| Gross Margin | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | |
| Operating Margin | -125.99% | -85.60% | 76.17% | 9.38% | -378.13% | |
| Profit Margin | -1,130.74% | -240.55% | 62.24% | 11.45% | -288.70% | |
| Free Cash Flow Margin | -84.05% | -75.73% | -8.07% | -12.03% | -402.00% | |
| EBITDA | -5.92M | -2.24M | 8.12M | -6.46M | 482.38K | -1.46M |
| EBITDA Margin | -46.27% | -15.36% | 76.47% | 15.40% | ||
| D&A For EBITDA | 10.20M | 10.23M | 31.64K | 39.06K | 188.74K | 74.56K |
| EBIT | -16.11M | -12.47M | 8.09M | -6.50M | 293.64K | -1.54M |
| EBIT Margin | -125.99% | -85.60% | 76.17% | 9.38% | ||
| Effective Tax Rate | 19.34% | 54.81% | ||||
| Revenue as Reported | 3.13M | 406.82K |
Balance sheet
Fiscal year October - September; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.87M | 1.79M | 1.81M | 1.93M | 18.54M | 876.76K |
| Cash & Short-Term Investments | 1.87M | 1.79M | 1.81M | 1.93M | 18.54M | 876.76K |
| Accounts Receivable | 11.98K | 11.98K | 6.75K | |||
| Other Receivables | 805.09K | 1.60M | 62.66K | 88.66K | 54.09K | |
| Receivables | 817.07K | 1.61M | 6.75K | 62.66K | 88.66K | 321.22K |
| Prepaid Expenses | 453.39K | 155.18K | 54.48K | 58.95K | 32.79K | |
| Other Current Assets | 60.04K | 155.25K | ||||
| Total Current Assets | 3.14M | 3.55M | 1.81M | 2.04M | 18.74M | 1.39M |
| Property, Plant & Equipment | 20.32K | |||||
| Long-Term Investments | 488.78K | 685.66K | 1.51M | 6.46M | 3.86M | 4.62M |
| Other Intangible Assets | 23.17M | 38.81M | 675.29K | 864.02K | ||
| Long-Term Deferred Tax Assets | 633.14K | 514.85K | ||||
| Other Long-Term Assets | 48.27M | 126.53M | 25.58M | 7.91M | 97.24K | 24.36M |
| Total Assets | 96.70M | 169.60M | 28.90M | 17.05M | 23.89M | 31.23M |
| Accounts Payable | 3.14M | 760.16K | 83.41K | 107.03K | 194.84K | 188.31K |
| Accrued Expenses | 958.95K | 1.56M | 149.52K | 119.45K | 113.45K | 133.20K |
| Short-Term Debt | 21.65M | 16.16M | 1.19M | |||
| Current Portion of Long-Term Debt | 10.73M | 14.48M | ||||
| Current Income Taxes Payable | 1.55M | |||||
| Total Current Liabilities | 37.33M | 32.96M | 1.78M | 226.48K | 308.29K | 1.51M |
| Long-Term Debt | 22.51M | 21.27M | ||||
| Long-Term Deferred Tax Liabilities | 1.31M | 584.98K | 399.41K | 1.88M | ||
| Total Liabilities | 63.04M | 54.82M | 2.18M | 226.48K | 308.29K | 3.39M |
| Common Stock | 123.04M | 70.43M | 17.26M | 17.86M | 18.57M | 18.56M |
| Retained Earnings | -159.28M | -47.14M | -10.37M | -18.51M | -12.23M | -14.42M |
| Comprehensive Income & Other | 69.91M | 91.49M | 19.84M | 17.47M | 17.24M | 23.70M |
| Shareholders' Equity | 33.66M | 114.78M | 26.72M | 16.83M | 23.58M | 27.84M |
| Total Liabilities & Equity | 96.70M | 169.60M | 28.90M | 17.05M | 23.89M | 31.23M |
| Total Debt | 54.89M | 51.91M | 1.19M | |||
| Net Cash (Debt) | -53.02M | -50.13M | 1.81M | 1.93M | 18.54M | -309.05K |
| Net Cash Per Share | -1.81 | -2.49 | 0.10 | 0.10 | 0.93 | -0.02 |
| Filing Date Shares Outstanding | 39.49M | 28.06M | 19.05M | 19.01M | 20.01M | 20.01M |
| Total Common Shares Outstanding | 39.24M | 23.00M | 18.27M | 19.01M | 20.01M | 20.00M |
| Working Capital | -34.20M | -29.41M | 34.19K | 1.82M | 18.44M | -121.30K |
| Book Value Per Share | 0.86 | 4.99 | 1.46 | 0.89 | 1.18 | 1.39 |
| Tangible Book Value | -11.14M | 75.97M | 26.72M | 16.83M | 22.91M | 26.98M |
| Tangible Book Value Per Share | -0.28 | 3.30 | 1.46 | 0.89 | 1.14 | 1.35 |
| Machinery | 36.65K | 9.45K |
Cash flow statement
Fiscal year October - September; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -144.61M | -35.04M | 6.61M | -6.28M | 358.46K | -1.17M |
| Depreciation & Amortization | 10.20M | 10.23M | 39.06K | 188.74K | 74.56K | |
| Loss (Gain) From Sale of Assets | -54.34K | -536.63K | ||||
| Asset Writedown & Restructuring Costs | 43.67M | 27.56M | ||||
| Loss (Gain) From Sale of Investments | 197.32K | 442.00 | -2.23M | 5.24M | -2.43M | -246.89K |
| Stock-Based Compensation | 5.67M | 7.86M | 1.32M | 430.94K | 1.35M | 664.20K |
| Other Operating Activities | 71.07M | -20.40M | -8.24M | -31.76K | 508.66K | -1.01M |
| Change in Accounts Receivable | -276.54K | -160.40K | 110.39K | 30.47K | 94.52K | -73.97K |
| Change in Accounts Payable | 4.15M | 2.08M | 80.43K | -81.82K | -13.22K | 135.40K |
| Change in Income Taxes | -805.09K | -3.15M | 1.55M | |||
| Change in Other Net Operating Assets | 60.04K | -49.02K | ||||
| Operating Cash Flow | -10.74M | -11.00M | -856.73K | -1.13M | 211.00 | -1.64M |
| Capital Expenditures | -5.68K | -27.20K | -376.82K | |||
| Sale of Property, Plant & Equipment | 6.75K | 1.17M | ||||
| Sale (Purchase) of Intangibles | -7.75M | -938.58K | ||||
| Investment in Securities | -442.00 | 827.23K | 7.18M | -7.84M | 4.19M | -1.98M |
| Other Investing Activities | -12.68M | -66.24M | -5.68M | -8.10M | 15.03M | -9.16M |
| Investing Cash Flow | -22.70M | -73.20M | 1.51M | -14.77M | 18.84M | -12.08M |
| Short-Term Debt Issued | 16.16M | 1.16M | ||||
| Long-Term Debt Issued | 27.20M | |||||
| Total Debt Issued | -16.10M | 43.36M | 1.16M | |||
| Short-Term Debt Repaid | -1.19M | |||||
| Total Debt Repaid | -11.94M | -1.19M | ||||
| Net Debt Issued (Repaid) | -28.04M | 43.36M | -1.19M | 1.16M | ||
| Issuance of Common Stock | 62.46M | 40.81M | 170.96K | 10.00K | 13.87M | |
| Repurchase of Common Stock | -938.92K | -707.76K | ||||
| Other Financing Activities | -2.28M | -934.17K | ||||
| Financing Cash Flow | 32.14M | 84.18M | -767.96K | -707.76K | -1.18M | 14.10M |
| Net Cash Flow | -1.30M | -22.65K | -119.23K | -16.61M | 17.66M | 391.38K |
| Free Cash Flow | -10.75M | -11.03M | -856.73K | -1.13M | -376.61K | -1.64M |
| Free Cash Flow Margin | -84.05% | -75.73% | -8.07% | -12.03% | -402.00% | |
| Free Cash Flow Per Share | -0.37 | -0.55 | -0.05 | -0.06 | -0.02 | -0.10 |
| Levered Free Cash Flow | 3.24M | -702.15K | 8.04M | -3.58M | 1.63M | -1.52M |
| Unlevered Free Cash Flow | 5.79M | 1.30M | 8.04M | -3.58M | 1.63M | -1.52M |
| Cash Income Tax Paid | -434.74K | |||||
| Change in Working Capital | 3.07M | -1.22M | 1.74M | 8.69K | 32.28K | 61.43K |
Ratios
Fiscal year October - September; amounts in CAD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 44.00M | 96.43M | 25.97M | 9.56M | 8.16M | 19.41M |
| Enterprise Value | 82.00M | 133.49M | 19.64M | 8.00M | 354.19K | 16.87M |
| Last Close Price | 1.23 | 4.34 | 1.45 | 0.52 | 0.40 | 1.00 |
| PE Ratio | 5.31 | 31.26 | ||||
| PS Ratio | 5.34 | 9.22 | 3.30 | -2.57 | 3.58 | 60.32 |
| PB Ratio | 2.03 | 1.17 | 1.31 | 0.77 | 0.47 | 0.88 |
| P/TBV Ratio | 1.77 | 1.31 | 0.77 | 0.49 | 0.91 | |
| P/OCF Ratio | 53,104.03 | |||||
| EV/Sales Ratio | 9.56 | 12.77 | 2.50 | 0.15 | 52.44 | |
| EV/EBITDA Ratio | 3.27 | 1.01 | ||||
| EV/EBIT Ratio | 3.28 | 1.66 | ||||
| Debt / Equity Ratio | 1.63 | 0.45 | 0.04 | |||
| Net Debt / Equity Ratio | 1.57 | 0.44 | -0.07 | -0.12 | -0.79 | 0.01 |
| Net Debt / EBITDA Ratio | -8.96 | -22.41 | -0.22 | 0.30 | -38.43 | -0.21 |
| Net Debt / FCF Ratio | -4.93 | -4.54 | 2.11 | 1.70 | 49.22 | -0.19 |
| Asset Turnover | 0.10 | 0.15 | 0.46 | 0.11 | 0.02 | |
| Quick Ratio | 0.07 | 0.10 | 1.02 | 8.79 | 60.42 | 0.62 |
| Current Ratio | 0.08 | 0.11 | 1.02 | 9.03 | 60.80 | 0.92 |
| Return on Equity (ROE) | -212.98% | -49.52% | 30.34% | -31.09% | 1.39% | -6.81% |
| Return on Assets (ROA) | -7.72% | -7.85% | 22.00% | -19.84% | 0.67% | -5.05% |
| Return on Invested Capital (ROIC) | -18.91% | -13.13% | 32.77% | -65.16% | 0.80% | -8.96% |
| Return on Capital Employed (ROCE) | -27.10% | -9.10% | 29.80% | -38.60% | 1.20% | -5.20% |
| Earnings Yield | -313.31% | -26.09% | 18.83% | -48.60% | 3.20% | -4.79% |
| FCF Yield | -15.98% | -8.21% | -2.44% | -8.77% | -3.36% | -6.66% |
| Buyback Yield / Dilution | -54.86% | -7.17% | 3.90% | 2.49% | -19.27% | -47.30% |