Solana Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-40.9M | $-11.7M | $-8.9M | $-14.1M | $-18.1M | $-14.1M | $-9.8M | $-28.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | $36.0K | $45.0K | $74.0K | $112.0K | $119.0K | $127.0K | $59.0K |
| Amortization | — | $24.0K | $117.0K | $181.0K | $200.0K | $363.0K | $64.0K | — |
| Stock-Based Compensation | $9.3M | $2.5M | $1.6M | $2.3M | $4.3M | $2.5M | $4.7M | $8.1M |
| Net Cash from Operating Activities | $-16.5M | $-11.0M | $-10.4M | $-14.3M | $-13.4M | $-11.7M | $-21.0M | $-19.6M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $5.0K | $29.0K | $17.0K | $54.0K | $63.0K | $278.0K | $440.0K |
| Business Acquisitions | — | — | — | — | — | — | $416.0K | — |
| Net Cash from Investing Activities | $-426.5M | $-5.0K | $-29.0K | $-11.0K | $-56.0K | $-9.0K | $-769.0K | $-440.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $449.2M | $7.0M | $1.1M | $17.9M | $21.1M | $9.6M | $1.7M | $40.0M |
| Net Change in Cash | $6.2M | $-4.1M | $-9.4M | $3.5M | $7.7M | $-2.1M | $-20.1M | $20.0M |
| Free Cash Flow | — | $-11.0M | $-10.4M | $-14.3M | $-13.4M | $-11.8M | $-21.3M | $-20.1M |