Solidion Technology, an advanced battery technology company listed on Nasdaq, reported positive net income of approximately $244,000 for the third quarter of 2026, compared with a net loss of $4.1 million in the corresponding period last year. The company also maintained cash and cash equivalents of $26.2 million and reduced its total liabilities by approximately 40% compared with December 2025, according to its financial results.
Solidion Technology Q3 2026 Financial Highlights
Solidion Technology’s financial position improved during the reporting period, with positive working capital and stronger stockholders’ equity. As of September 30, 2026, the company reported working capital of $19.6 million, compared with a deficit of $11.2 million at the end of 2025.
Total liabilities declined to $7.5 million from $12 million at December 31, 2025, while stockholders’ equity reached $23.8 million, reversing a deficit of $7.2 million reported at year-end 2025.
The company held cash and cash equivalents of $26.2 million as of September 30, 2026, compared with $27.7 million at the end of June 2026. Solidion said its financial position provides flexibility to continue investing in its technology portfolio and evaluate strategic acquisition opportunities.
Quarterly Financial Performance
| Financial Metric | Q3 2026 | Q3 2025 |
|---|---|---|
| Revenue | $41,638 | $9,350 |
| Cost of Revenue | $120,000 | $4,321 |
| Selling, General and Administrative Expenses, Research and Development | $2,240,915 | $1,747,929 |
| Total Other Income (Expense) | $2,563,700 | $(2,349,245) |
| Basic Earnings (Loss) per Share | $0.02 | $(1.33) |
Source: Solidion Technology’s Q3 2026 financial results.
Solidion Technology Strengthens Board and Shareholder Initiatives
Solidion Technology expanded its Board of Directors on August 31, 2026, with the appointment of three independent directors: Mark Schwartz, Kimi L. Ellen and Dante W. Robinson.
On September 13, 2026, the company’s board also authorised a share repurchase programme of up to $1 million in common stock.
Commenting on the results, Jaymes Winters, Chief Executive Officer of Solidion Technology, said the company continued to strengthen its financial foundation while preparing for its next phase of growth.
Winters added that Solidion remains disciplined in its acquisition approach and intends to pursue opportunities that complement its existing technology and manufacturing capabilities. He said the company’s cash position and improved balance sheet provide flexibility to evaluate potential acquisitions.
Battery Technology and Commercialisation Developments
Alongside its financial performance, Solidion Technology highlighted progress across its battery development and commercialisation programmes, including technologies targeting electric vehicles, energy storage and AI data centre infrastructure.
PEAK Series UPS for AI Data Centres
Solidion has developed its PEAK Series uninterruptible power supply (UPS) system using its 5500 silicon-carbon anode cell. According to company testing, the system is designed to reduce UPS footprint by up to 30%, while the cell is intended to provide up to three times the lifespan of conventional backup battery systems.
High-Power Battery Cell Development
The company has also developed a 5.5Ah 21700 cylindrical battery cell with an energy density of 305 Wh/kg and continuous charge-discharge capability exceeding 2C.
Government-Supported Research Programmes
Solidion is conducting research under two US Department of Energy grants in collaboration with Oak Ridge National Laboratory, which partnered with the company on its 2025 R&D 100 Award.
The company is also undertaking research under a firm-fixed-price US Army Small Business Technology Transfer (STTR) contract to develop a flexible, fibre-based rechargeable battery system.
Strategic Priorities for 2026 and 2027
Solidion Technology plans to continue pursuing acquisitions of revenue-generating assets and businesses in the battery storage sector through the remainder of 2026 and into 2027.
The company said its acquisition strategy will focus on opportunities that complement its existing technology and intellectual property portfolio, strengthen manufacturing and commercial capabilities, and support its ongoing commercialisation initiatives.
Solidion Technology, Inc. is an advanced battery technology company headquartered in Dallas, Texas, with research and development and manufacturing operations in Dayton, Ohio.
The company develops silicon-rich anodes, solid-state batteries and fire-retardant electrolytes designed to improve energy density, safety and cost efficiency across electric vehicles, energy storage, consumer electronics, aerospace, defence and AI data centre applications.
Solidion has a global portfolio of more than 385 patents covering technologies including high-capacity silicon anodes, silane gas-free and graphene-enabled silicon anodes, biomass-based graphite, and advanced lithium-sulfur and lithium-metal battery technologies.
The company also pursues acquisitions that complement its technology platform and support long-term shareholder value creation.
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