SEI (Solaris Energy Infrastructure, Inc.) Stock Financials & Earnings | Market Cap Arena

SEI (Solaris Energy Infrastructure, Inc.) Stock Financials & Earnings | Market Cap Arena

SEISolaris Energy Infrastructure, Inc.

Mkt Cap$4B

Energy·Oil & Gas Equipment & Services·🇺🇸 United States·NYSE

Revenue (TTM)$622M

Net Income (TTM)$30M

EPS (TTM)$0.71

Free Cash Flow (TTM)-$438M

Gross Margin32.3%

Op. Margin22.0%

Net Margin4.8%

FCF Margin-70.3%

P/S Ratio (TTM)5.9x

P/E Ratio (TTM)120.9x

YoY Rev Growth+98.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$83M	$21M	$15M
Q2 23	$77M	$22M	$16M
Q3 23	$70M	$18M	$10M
Q4 23	$63M	$17M	$9M
Q1 24	$68M	$18M	$10M
Q2 24	$74M	$18M	$12M
Q3 24	$75M	$17M	$5M
Q4 24	$96M	$28M	$26M
Q1 25	$126M	$39M	$22M
Q2 25	$149M	$52M	$37M
Q3 25	$167M	$56M	$38M
Q4 25	$180M	$55M	$40M

Valuation

Quarter	P/S	P/E
Q1 23	10.5x	144.6x
Q2 23	10.8x	133.6x
Q3 23	11.6x	146.9x
Q4 23	12.5x	149.9x
Q1 24	13.1x	173.0x
Q2 24	13.3x	184.6x
Q3 24	13.0x	263.2x
Q4 24	11.7x	230.8x
Q1 25	9.8x	217.0x
Q2 25	8.2x	161.7x
Q3 25	6.8x	95.8x
Q4 25	5.9x	120.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$17M	-$2M
Q2 23	$27M	$6M
Q3 23	$21M	$4M
Q4 23	$24M	$16M
Q1 24	$17M	$14M
Q2 24	$19M	$18M
Q3 24	$11M	-$47M
Q4 24	$13M	-$114M
Q1 25	$26M	-$119M
Q2 25	$24M	-$161M
Q3 25	$63M	$462K
Q4 25	$96M	-$159M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$19M
Q2 23	$21M
Q3 23	$17M
Q4 23	$7M
Q1 24	$3M
Q2 24	$663K
Q3 24	$58M
Q4 24	$127M
Q1 25	$144M
Q2 25	$185M
Q3 25	$63M
Q4 25	$255M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+45.3%	+37.0%
Q2 23	-11.0%	-19.6%
Q3 23	-24.5%	-23.8%
Q4 23	-24.6%	-26.9%
Q1 24	-17.9%	-14.6%
Q2 24	-4.3%	+1.0%
Q3 24	+7.7%	+16.9%
Q4 24	+52.0%	+30.4%
Q1 25	+86.1%	+80.0%
Q2 25	+102.1%	+80.9%
Q3 25	+122.4%	+84.8%
Q4 25	+86.6%	+98.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	2.4%
Q2 23	$2M	2.5%
Q3 23	$2M	2.8%
Q4 23	$2M	3.0%
Q1 24	$2M	3.3%
Q2 24	$3M	3.6%
Q3 24	$3M	3.6%
Q4 24	$3M	3.2%
Q1 25	$0	0.0%
Q2 25	$5M	3.5%
Q3 25	$5M	3.2%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 23	$7M
Q2 23	$7M
Q3 23	$6M
Q4 23	$7M
Q1 24	$8M
Q2 24	$8M
Q3 24	$9M
Q4 24	$11M
Q1 25	$15M
Q2 25	$15M
Q3 25	$16M
Q4 25	$16M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2M	$0	$2M
Q2 23	$9M	$0	$9M
Q3 23	$3M	$0	$3M
Q4 23	$6M	$0	$6M
Q1 24	$3M	$0	$3M
Q2 24	$5M	$0	$5M
Q3 24	$19M	$0	$19M
Q4 24	$114M	$0	$114M
Q1 25	$17M	$0	$17M
Q2 25	$100M	$0	$100M
Q3 25	$107M	$0	$107M
Q4 25	$353M	$0	$353M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	31M	-1.3%
Q2 23	30M	-5.4%
Q3 23	29M	-1.7%
Q4 23	29M	-0.0%
Q1 24	29M	-1.5%
Q2 24	28M	-0.9%
Q3 24	28M	+0.1%
Q4 24	30M	+7.3%
Q1 25	36M	+18.8%
Q2 25	38M	+4.5%
Q3 25	44M	+15.7%
Q4 25	50M	+13.1%