Solidion Technology, Inc. (NASDAQ:STI) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2026, with the SEC on November 9, 2026, reporting positive net income and a significantly improved balance sheet.

Key Highlights

  • Positive net income: The company reported quarterly net income of approximately $244,000, compared to a net loss of $4.1 million in the prior-year period.
  • Cash position: Cash and cash equivalents stood at $26.2 million as of September 30, 2026, down from $27.7 million at June 30, 2026.
  • Liabilities reduced: Total liabilities declined approximately 40% to $7.5 million, from $12.0 million at December 31, 2025.
  • Working capital swing: Working capital reached $19.6 million as of September 30, 2026, compared to a deficit of $11.2 million at December 31, 2025.
  • Stockholders' equity: Stockholders' equity reached $23.8 million, compared to a deficit of $7.2 million at year-end 2025.
  • Basic EPS: Basic earnings per share was $0.02 for Q3 2026, versus a loss of $1.33 per share in Q3 2025.
  • Share repurchase authorized: On September 13, 2026, the Board authorized repurchase of up to $1.0 million of the company's common stock.

Solidion Technology Q3 2026 Financial Results: Balance Sheet and Income Details

According to the filing, Solidion Technology reported revenue of $41,638 for Q3 2026, compared to $9,350 in Q3 2025. Cost of revenue was $120,000 in Q3 2026 versus $4,321 in the prior-year quarter. Selling, general and administrative, and research and development expenses totaled $2,240,915, compared to $1,747,929 in Q3 2025. Total other income was $2,563,700 in Q3 2026, compared to total other expense of $2,349,245 in Q3 2025, according to the filing's quarterly performance table.

The filing also highlighted several business developments. On August 31, 2026, the company expanded its Board of Directors with the appointment of three independent directors: Mark Schwartz, Kimi L. Ellen, and Dante W. Robinson. On the technology side, the filing states that Solidion has developed its PEAK Series uninterruptible power supply system using its 5500 silicon-carbon anode cell, which the company says is designed to reduce UPS footprint by up to 30%, based on company testing. The company also disclosed a high-energy 5.5Ah 21700 cylindrical cell with an energy density of 305 Wh/kg.

The filing further notes that Solidion is conducting research under two U.S. Department of Energy grants, both conducted jointly with Oak Ridge National Laboratory, and is also performing research under a firm-fixed-price U.S. Army STTR contract. Chief Executive Officer Jaymes Winters stated, according to the filing, "We remain disciplined and opportunistic in our approach to acquisitions." The press release accompanying the Form 10-Q contains forward-looking statements that the company identifies as subject to risks and uncertainties, as described in its cautionary language.

What Was Disclosed

Solidion Technology disclosed Q3 2026 financial results showing net income of approximately $244,000, cash of $26.2 million, a 40% reduction in total liabilities to $7.5 million, and board expansion with three new independent directors, all as of or during the quarter ended September 30, 2026.