Forensic Analysis · Industrials / Manufacturing / Defense · as of Oct 2, 2026
Solidion Technology Inc. (STI)
A forensic read on Solidion Technology Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
F · Poor — capital at risk
Forensic grade
Clean
Earnings quality
2
Forensic signals
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Solidion Technology Inc. earns an F (Poor — capital at risk) forensic quality grade. 2 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
140d DSO
FY2023→FY2025
Receivables vs revenue.Days sales outstanding moved from 114 to 140 days FY2023→FY2025 (receivables +136% vs revenue +92%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections. FY2023 and FY2025 aren't consecutive filed years here, so FY2025's opening balance can't be taken from FY2023 — both figures are measured on period-end balances rather than the beginning-plus-ending average, which keeps the two endpoints comparable to each other.
22097% of rev
FY2025
Stock-based comp load.Stock-based compensation ran 22097% of revenue in FY2025 — about $0.75 per diluted share. No cash left the business to pay it, which is why operating cash flow adds it back. Net of repurchases the diluted count still rose about 92.3% a year across FY2024–FY2025, above the level at which the count is a material claim on a stake, and only one year's change is on file — enough to state what a holder gave up, not enough to say whether the rate is climbing or coming down. Stock compensation is one source of that issuance; acquisition consideration, equity raises, convertibles and other employee plans also net into the count, and these figures do not separate them.
Key fundamentals
Latest Revenue$13,350.00
Revenue CAGR (2yr)+38.6%
Net Margin-307146.1%
Free Cash Flow-$4.7M
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Solidion Technology Inc.'s actual 10-K/10-Q/8-K filings?