SOLENO THERAPEUTICS INC financials
Source: EDGAR filings · Built 2026-06-02T04:03:19Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 46.73M | -69.31M | -24.94M | -20.79M | -27.80M | -25.25M |
| EBITDA | 11.43M | -185.68M | -39.43M | -22.43M | -29.57M | -34.34M |
| Working Capital | 294.45M | 275.14M | 159.85M | 8.33M | 14.41M | 41.63M |
| Net Debt | -17.55M | -35.10M | -169.28M | -14.45M | -20.85M | -49.08M |
| Gross Margin | 98.58% | — | — | — | — | — |
| Operating Margin | 4.94% | — | — | — | — | — |
| Net Margin | 10.97% | — | — | — | — | — |
| Return on Equity (ROE) | 4.64% | -71.74% | -24.75% | -232.58% | -173.72% | -54.10% |
| Return on Assets (ROA) | 3.71% | -53.13% | -21.58% | -90.83% | -86.94% | -37.92% |
| Current Ratio | 5.80× | 15.68× | 14.89× | 2.14× | 2.80× | 5.83× |
| Debt-to-Equity | 0.12× | 0.22× | 0.00× | 0.01× | 0.03× | 0.00× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | — | — | — |
| Cash Conversion Ratio | 2.24× | 0.39× | 0.64× | 0.86× | 0.90× | 1.02× |
| Accruals Ratio | -0.05× | -0.32× | -0.08× | -0.12× | -0.09× | 0.01× |
| SBC % of Revenue | 24.08% | — | — | — | — | — |
| CapEx Coverage | 641.07× | -316.95× | — | -1598.54× | -925.67× | -1051.00× |
| Free Cash Flow Per Share | $0.89 | $-1.73 | $-1.51 | $-2.48 | $-5.23 | $-0.40 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 118.72× | — | — | — | — | — |
| P/FCF | 51.91× | — | — | — | — | — |
| FCF Yield | 1.93% | — | — | — | — | — |
| EV / EBITDA | 210.25× | — | — | — | — | — |
| P/S | 12.71× | — | — | — | — | — |
| P/B | 5.38× | 8.38× | 8.10× | — | — | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 2.70M | — | — | — | — | — |
| Research and Development Expense | 40.63M | 78.57M | 25.19M | 15.27M | 21.45M | 23.19M |
| Selling, General and Administrative Expense | 132.13M | 105.86M | 13.48M | — | — | — |
| Operating Expenses | 180.99M | 187.67M | 41.38M | 24.40M | 31.53M | 36.29M |
| Operating Income (Loss) | 9.41M | -187.67M | -41.38M | -24.40M | -31.53M | -36.29M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | — | — | — |
| Net Income (Loss) Attributable to Parent | 20.89M | -175.85M | -38.99M | -24.07M | -30.91M | -24.64M |
| Earnings Per Share, Basic | $0.40 | $-4.38 | $-2.36 | $-2.87 | $-5.81 | — |
| Weighted Average Number of Shares Outstanding, Basic | 50.82M | 40.18M | 16.49M | 8.40M | 5.32M | — |
| Earnings Per Share, Diluted | $0.39 | $-4.38 | $-2.36 | $-2.87 | $-5.81 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 52.38M | 40.18M | 16.49M | 8.40M | 5.32M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 70.11M | 87.93M | 169.68M | 14.60M | 21.30M | 49.22M |
| Assets, Current | 355.81M | 293.89M | 171.36M | 15.65M | 22.42M | 50.24M |
| Assets | 563.83M | 330.97M | 180.69M | 26.50M | 35.55M | 64.98M |
| Liabilities, Current | 61.36M | 18.75M | 11.51M | 7.31M | 8.01M | 8.62M |
| Long-term Debt, Excluding Current Maturities | 49.86M | 49.83M | — | — | — | — |
| Liabilities | 113.72M | 85.86M | 23.18M | 16.15M | 17.76M | 19.43M |
| Stockholders' Equity Attributable to Parent | 450.12M | 245.11M | 157.51M | 10.35M | 17.79M | 45.55M |
| Common Stock, Shares, Outstanding | 52.29M | 45.70M | 31.68M | 8.16M | 5.32M | 79.62M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 46.80M | -69.10M | -24.94M | -20.78M | -27.77M | -25.22M |
| Payments to Acquire Property, Plant, and Equipment | 73.00K | 218.00K | 0 | 13.00K | 22.00K | 7.00K |
| Net Cash Provided by (Used in) Investing Activities | -201.78M | -225.68M | 0 | -13.00K | -22.00K | -7.00K |
| Payments for Repurchase of Common Stock | 100.15M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | 137.16M | 213.03M | 180.02M | 14.09M | -128.00K | 53.72M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 25.94M | 48.65M | -1.92M | -45.37M | -32.76M | -24.00M |
| EBITDA | 31.79M | 40.09M | 22.61M | -6.02M | -45.24M | -58.61M |
| Working Capital | 268.33M | 294.45M | 501.60M | 295.85M | 293.18M | 275.14M |
| Net Debt | -78.75M | -17.55M | -194.00M | -23.73M | -28.54M | -35.10M |
| Gross Margin | 98.73% | 99.06% | 98.27% | 97.87% | — | — |
| Operating Margin | 33.06% | 43.15% | 33.48% | -19.98% | — | — |
| Net Margin | 33.17% | 47.27% | 39.40% | -14.42% | — | — |
| Return on Equity (ROE) | 6.33% | 9.63% | 5.26% | -1.96% | -18.85% | -22.84% |
| Return on Assets (ROA) | 5.16% | 7.69% | 4.34% | -1.42% | -13.76% | -16.91% |
| Current Ratio | 5.62× | 5.80× | 16.08× | 15.13× | 19.64× | 15.68× |
| Debt-to-Equity | 0.11× | 0.12× | 0.11× | 0.22× | 0.23× | 0.22× |
| Effective Tax Rate | 10.13% | — | — | — | 0.00% | — |
| Cash Conversion Ratio | 0.83× | 1.12× | -0.07× | 9.63× | 0.75× | 0.43× |
| Accruals Ratio | 0.01× | -0.01× | 0.05× | 0.12× | -0.03× | -0.10× |
| SBC % of Revenue | 16.97% | 12.51% | 15.14% | 29.70% | — | — |
| CapEx Coverage | 649.50× | 839.72× | -127.07× | -3240.00× | -6550.40× | -2998.88× |
| Free Cash Flow Per Share | $0.49 | $0.93 | $-0.04 | $-0.90 | $-0.71 | $-0.60 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 18.50× | 171.48× | — | — | — | — |
| EV / EBITDA | 18.68× | 210.25× | — | — | — | — |
| P/S | 6.08× | — | — | — | — | — |
| P/B | 3.49× | 5.38× | 7.34× | 17.60× | 14.93× | 8.38× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cost of Revenue | 1.20M | 863.00K | 1.14M | 696.00K | — | — |
| Research and Development Expense | 11.27M | 9.56M | 8.40M | 9.15M | 13.52M | 21.49M |
| Selling, General and Administrative Expense | 50.37M | 40.88M | 33.75M | 28.24M | 29.26M | 37.30M |
| Operating Expenses | 63.33M | 52.15M | 43.91M | 39.18M | 45.74M | 59.12M |
| Operating Income (Loss) | 31.28M | 39.58M | 22.11M | -6.53M | -45.74M | -59.12M |
| Income Tax Expense (Benefit) | 3.54M | — | — | — | 0 | — |
| Net Income (Loss) Attributable to Parent | 31.38M | 43.36M | 26.01M | -4.71M | -43.77M | -55.98M |
| Earnings Per Share, Basic | $0.60 | $0.85 | $0.49 | $-0.09 | $-0.95 | $-1.30 |
| Weighted Average Number of Shares Outstanding, Basic | 52.09M | 50.82M | 53.33M | 50.48M | 46.18M | 40.18M |
| Earnings Per Share, Diluted | $0.59 | $0.84 | $0.47 | $-0.09 | $-0.95 | $-1.30 |
| Weighted Average Number of Shares Outstanding, Diluted | 53.07M | 52.38M | 54.92M | 50.48M | 46.18M | 40.18M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 133.03M | 70.11M | 246.66M | 76.50M | 81.33M | 87.93M |
| Assets, Current | 326.38M | 355.81M | 534.85M | 316.79M | 308.92M | 293.89M |
| Assets | 608.39M | 563.83M | 599.89M | 332.31M | 318.09M | 330.97M |
| Liabilities, Current | 58.05M | 61.36M | 33.25M | 20.94M | 15.73M | 18.75M |
| Long-term Debt, Excluding Current Maturities | 49.87M | 49.86M | 49.85M | 49.84M | 49.84M | 49.83M |
| Liabilities | 112.59M | 113.72M | 105.09M | 92.17M | 85.83M | 85.86M |
| Stockholders' Equity Attributable to Parent | 495.80M | 450.12M | 494.81M | 240.14M | 232.26M | 245.11M |
| Common Stock, Shares, Outstanding | 51.72M | 52.29M | 53.70M | 50.44M | 48.53M | 45.70M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 25.98M | 48.70M | -1.91M | -45.36M | -32.75M | -23.99M |
| Payments to Acquire Property, Plant, and Equipment | 40.00K | 58.00K | 15.00K | 14.00K | 5.00K | 8.00K |
| Net Cash Provided by (Used in) Investing Activities | 37.98M | -125.36M | -76.42M | 15.02M | 22.94M | 6.44M |
| Payments for Repurchase of Common Stock | 4.00K | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -1.04M | -99.90M | 237.06M | 18.91M | 3.22M | 57.06M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SLNO CIK 0001484565),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.