SOLAI Limited (SLAI) AI Stock Analysis

• Market Cap: $19.24M
• Dividend Yield: N/A
• Average Volume (3M): 96.52K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.68
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 56
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.00
• Shares Outstanding: 18,678,535
• 10 Day Avg. Volume: 117,329
• 30 Day Avg. Volume: 96,523
• PEG Ratio: >-0.01
• Price to Book (P/B): <0.01
• Price to Sales (P/S): 0.01
• P/FCF Ratio: >-0.01
• Enterprise Value/Market Cap: -0.05
• Enterprise Value/Revenue: >-0.01
• Enterprise Value/Gross Profit: 0.02
• Enterprise Value/Ebitda: 0.02
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: $1.00 ▼(-2.91% Downside)

The score is held back primarily by weak cash generation (persistently negative operating/free cash flow) and a bearish technical setup (price below key moving averages with negative MACD). Offsetting factors include a conservatively levered balance sheet and improved reported profitability in 2024, but operating profitability and revenue consistency remain concerns.

Positive Factors

Conservative Balance Sheet

Low leverage and sizable equity provide durable financial flexibility over the next several months, reducing refinancing and liquidity risk. This cushion supports operational continuity and strategic moves (e.g., crypto transition) without immediate reliance on costly external financing.

Reported Profitability Improvement

A swing to positive net income in 2024 indicates management progress toward profitability. If the company can sustain this at the operating level, it improves internal cash generation prospects and lowers dependence on external capital for near-term strategic investments.

Strategic Shift into Solana/Crypto Infrastructure

Progress on Solana treasury and stablecoin tech signals a structural strategic pivot into crypto infrastructure. Successful execution could create differentiated product lines and recurring revenue tied to blockchain services, strengthening long-term market positioning if scaled.

Negative Factors

Persistent Negative Cash Flow

Consistently negative operating and free cash flows mean the business consumes cash rather than funds itself. Over the next 2–6 months this elevates liquidity and execution risk, likely necessitating external financing, equity issuance, or cost cuts that constrain growth options.

Weak Core Operating Profitability

Low gross margins and negative EBIT show core operations aren't yet self-sustaining; reported net income gains may be driven by non-operating items. Persistent weak operating profitability limits ability to generate durable earnings and fund reinvestment from operations.

Volatile and Declining Revenue

Highly volatile top-line with a sharp 2024 decline undermines predictability of cash flows and capital planning. For a small, cash-consuming company this variability increases execution risk and complicates scaling, pricing power, and attainment of sustainable margins.

SOLAI Limited Business Overview & Revenue Model

Company Description

Solai Ltd. is a technology-driven crypto currency infrastructure company. It is based on ecosystem spanning AI, stablecoins and payment infrastructure, and Solanatreasury and staking operations-supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. The company was founded by Man San Law in 2001 and is headquartered in Akron, OH.

How the Company Makes Money

BIT Mining makes money primarily through the mining of cryptocurrencies, with a significant focus on Bitcoin. The company generates revenue by verifying cryptocurrency transactions and adding them to the blockchain, for which it earns transaction fees and new bitcoins as rewards. BIT Mining operates large-scale mining data centers, which are crucial to its operations, as they house the necessary hardware to perform mining activities. The company's revenue is influenced by factors such as the market price of cryptocurrencies, mining difficulty, and operational efficiency. Additionally, BIT Mining may engage in strategic partnerships or investments in other blockchain-related projects to diversify its revenue streams.

SOLAI Limited Financial Statement Overview

Summary

BIT Mining is facing significant financial challenges with declining revenues and persistent losses impacting profitability. The balance sheet holds some strength due to low leverage, but cash flow constraints raise concerns about sustainability. The firm must address operational inefficiencies to stabilize its financial health.

Income Statement

BIT Mining shows a concerning trajectory with declining total revenue from $1.33 billion in 2021 to $32.9 million in 2024. The net profit margin is negative, reflecting consistent losses. EBIT and EBITDA margins are also negative, indicating operational inefficiencies. While the revenue growth rate is positive from 2023 to 2024, the overall financial health is strained by substantial losses.

Balance Sheet

The company's balance sheet highlights a stable equity position with a debt-to-equity ratio of 0.04 in 2024, reflecting low leverage. The equity ratio is also strong at 68.9%, suggesting a solid capital structure. However, the decline in cash reserves over recent years and persistent losses could pressure liquidity.

Cash Flow

BIT Mining's cash flow situation is fragile, with zero operating and free cash flows reported in 2024. The operating cash flow to net income ratio is unfavorable, indicating poor cash generation relative to losses. Historical negative free cash flows underscore potential liquidity risks.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	176.51M	32.92M	43.10M	57.02M	53.77M	3.16M
Gross Profit	-42.86M	2.98M	3.05M	-4.17M	14.26M	-5.34M
EBITDA	-51.47M	6.21M	-12.82M	-44.44M	-17.56M	-23.32M
Net Income	-126.50M	12.07M	-28.71M	-155.41M	-55.78M	-32.34M
Balance Sheet
Total Assets	69.09M	86.33M	72.60M	86.80M	294.23M	71.94M
Cash, Cash Equivalents and Short-Term Investments	1.23M	1.81M	3.24M	7.73M	17.67M	47.79M
Total Debt	1.81M	2.55M	4.22M	4.20M	6.78M	1.46M
Total Liabilities	15.28M	19.55M	47.46M	33.68M	88.97M	12.23M
Stockholders Equity	43.84M	56.89M	25.13M	53.13M	179.89M	61.74M
Cash Flow
Free Cash Flow	-21.77M	-33.92M	-29.84M	-77.34M	-90.87M	-10.07M
Operating Cash Flow	-20.60M	-32.74M	-28.41M	-63.56M	-34.27M	-9.86M
Investing Cash Flow	17.44M	28.85M	26.16M	24.39M	-75.41M	3.15M
Financing Cash Flow	0.00	2.37M	0.00	29.77M	77.67M	3.77K

SOLAI Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1.03
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SLAI, the sentiment is Neutral. The current price of 1.03 is above the 20-day moving average (MA) of 1.00, below the 50-day MA of 1.41, and below the 200-day MA of 2.18, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 46.39 is Neutral, neither overbought nor oversold. The STOCH value of 56.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SLAI.

SOLAI Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

SOLAI Limited Corporate Events

SOLAI Shareholders Approve Major Increase in Authorised Share Capital

On December 29, 2025, SOLAI Limited held an extraordinary general meeting at which shareholders approved a substantial increase in the company’s authorised share capital. The resolution expands the capital to US$1.94 million, divided among roughly 38.4 billion Class A ordinary shares, multiple classes of preference shares, and 400 million Class B ordinary shares, primarily through the creation of an additional 30 billion Class A ordinary shares. The move significantly enlarges SOLAI’s equity issuance capacity, potentially giving the cryptocurrency infrastructure group greater flexibility for future financings, strategic investments or structural changes as it pursues growth in blockchain, AI and Solana-focused operations.

The most recent analyst rating on (SLAI) stock is a Hold with a $0.78 price target. To see the full list of analyst forecasts on SOLAI Limited stock, see the SLAI Stock Forecast page.

SOLAI Limited Reports Q3 2025 Financial Results Amid Strategic Progress

On November 21, 2025, SOLAI Limited announced its unaudited financial results for the third quarter ending September 30, 2025. The company reported revenues of $4.4 million, a decrease from the previous year, primarily due to increased network computing power and machine maintenance. Despite a net loss of $2.5 million, SOLAI made progress in its Solana treasury strategy and stablecoin technology, indicating potential for future growth in cross-border payments. Operating costs rose due to increased electricity costs and amortization expenses, but the company reduced its operating loss compared to the previous year.

SOLAI Limited Announces EGM and New Preference Shares Issuance

On November 12, 2025, SOLAI Limited announced an extraordinary general meeting scheduled for December 29, 2025, to discuss shareholder resolutions. The company also approved the issuance of 65,000 Class A II preference shares to Good Luck Capital Limited, significantly increasing Mr. Man San Vincent Law’s voting power from 31.8% to 94.0%. This move aligns Mr. Law with SOLAI’s strategic vision as the company transitions into a cryptocurrency infrastructure entity within the Solana ecosystem.