Solaris Energy Infrastructure, Inc.

Listed Company

SEICIK 0001697500NYSELarge AcceleratedOil & Gas Field Machinery & EquipmentDelawareFY ends Dec 31

Period

FY 2025

Revenue

$622.20M

Net Income

$30.20M

Total Assets

$2.14B

Equity

$564.34M

Shares Out

1.0K

Op. Cash Flow

$209.10M

SEI$60.28+107.77% · past yearDBEQ Basic

Daily closing prices

Business

Solaris Energy Infrastructure provides modular equipment-based solutions for power generation, control, distribution, and raw-material management in oil and gas well completions. The company operates two reportable segments: Solaris Power Solutions, which delivers flexible on-demand power infrastructure for data center and industrial customers, and Solaris Logistics Solutions, which designs and manufactures specialized equipment for efficient management of completion materials, including field support and software services. The company serves multiple U.S. end markets through owned and leased facilities in Texas, Mississippi, Tennessee, and New Mexico.

Summary from 10-K filed 2026-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Leasing revenue	272	36	0	—	—
Total revenue	622	313	293	320	159
Cost of services, excluding depreciation and amortization	216	177	178	—	—
Cost of leasing revenue, excluding depreciation	121	8	0	—	—
Non-leasing depreciation and amortization	50	41	36	—	—
Depreciation of leasing equipment	34	6	0	—	—
Gain on sale of Kingfisher facility	0	−7	0	—	—
Gain on reversal of property tax contingency	0	−3	0	—	—
Selling, general and administrative	62	36	27	23	19
Impairment of property, plant and equipment	0	0	1	—	—
Other operating expenses, net	4	2	639,000	2	−2
Total operating costs and expenses	487	260	243	278	160
Operating income	135	53	50	42	−387,000
Interest expense	−28	−13	−3	—	—
Interest income	7	1	144,000	—	—
Loss on debt extinguishment	−41	−4	0	—	—
Income before income tax expense	73	37	47	41	−634,000
Provision for income taxes	−15	−8	−8	−8	−626,000
Net income	58	29	39	34	−1
Less: net income related to non-controlling interests	−28	−13	−14	−12	392,000
Net income attributable to Solaris Energy Infrastructure, Inc.	30	16	24	21	−868,000
Less: income attributable to participating securities	−1	−1	−1	—	—
Net income attributable to common stockholders - basic	29	15	23	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	353	114	6	9	36
Restricted cash	0	46	—	—	—
Accounts receivable, net of allowances of $681 and $681, respectively	103	72	—	65	30
Prepaid expenses and other current assets	12	8	4	5	10
Inventories	14	11	7	5	2
Total current assets	483	251	67	89	81
Property, plant and equipment, net	271	299	325	—	—
Equipment held for lease, net	1,074	340	—	—	—
Non-current inventories	1	2	2	2	3
Non-current receivables, net of allowance of $341 and $654, respectively	0	1	—	—	—
Operating lease right-of-use assets	11	10	11	4	4
Goodwill	105	104	13	13	13
Intangible assets, net	60	72	702,000	1	2
Deferred tax assets	123	51	48	55	63
Other assets	15	1	342,000	268,000	57,000
Total assets	2,143	1,131	468	463	406
Accounts payable	78	21	13	26	10
Accrued liabilities	68	23	20	25	17
Deferred revenue	6	5	—	—	—
Payables related to Tax Receivable Agreement, current portion	2	4	—	—	—
Finance lease liabilities, current portion	2	2	2	2	31,000
Operating lease liabilities, current portion	2	2	1	917,000	717,000
Long-term debt, current portion	4	8	—	—	—
Other current liabilities	2	717,000	408,000	790,000	496,000
Total current liabilities	163	66	37	56	29
Long-term debt, net of current portion	180	308	30	—	—
Convertible notes	880	0	—	—	—
Payables related to Tax Receivable Agreement, net of current portion	74	74	72	—	—
Operating lease liabilities, net of current portion	8	8	12	6	7
Finance lease liabilities, net of current portion	2	1	2	3	70,000
Deferred tax liabilities	7	8	—	—	—
Other long-term liabilities	44,000	44,000	44,000	367,000	384,000
Total liabilities	1,316	464	153	145	108
Commitments and contingencies (Note 19)	—	—	—	—	—
Preferred stock, $0.01 par value, 50,000 shares authorized, none issued and outstanding	0	0	—	—	—
Additional paid-in capital	538	338	188	203	197
Retained earnings	26	18	17	13	6
Total stockholders' equity attributable to Solaris Energy Infrastructure, Inc.	564	356	206	216	203
Non-controlling interest	263	311	110	101	95
Total stockholders' equity	827	667	316	317	298
Total liabilities and stockholders' equity	2,143	1,130	468	463	406

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	84	47	36	—	—
Stock-based compensation	23	11	8	6	5
Deferred income tax expense	16	7	7	8	132,000
Change in payables related to Tax Receivable Agreement	2	−2	0	−663,000	—
Other	3	2	658,000	−169,000	−150,000
Accounts receivable	−25	−19	17	−35	−12
Accounts receivable - related party	0	2	3	−1	−3
Prepaid expenses and other assets	−4	−4	700,000	6	−7
Inventories	−3	−2	−6	−5	−978,000
Accounts payable	9	−3	−11	13	3
Accrued liabilities	7	5	−6	5	5
Deferred revenue	853,000	−7	0	—	—
Cash settlement of stock-based compensation	−4	0	0	—	—
Net cash provided by operating activities	209	59	89	68	16
Business acquisition, net of cash acquired	−29	−122	0	—	—
Deposit for pending investment	−10	0	0	—	—
Receivable from Sellers	0	−7	0	—	—
Cash received from Sellers	0	7	0	—	—
Investment in property, plant and equipment and equipment held for lease	−647	−188	−64	−81	−20
Proceeds from sale of Kingfisher facility	0	5	0	—	—
Proceeds from disposal of property, plant and equipment	3	452,000	2	409,000	80,000
Short-term loan	−8	−30	0	—	—
Repayment of short-term loan	4	30	0	—	—
Net cash used in investing activities	−686	−305	−62	−80	−20
Capital contribution from non-controlling interest in Stateline	86	0	0	—	—
Share repurchases and retirements	0	−8	−26	—	—
Class A common stock offering	0	161	0	—	—
Distributions to non-controlling interest unitholders	−12	−9	−7	−6	−6
Dividend paid to Class A common shareholders	−22	−15	−14	−14	−13
Payments under finance leases	−3	−3	−3	−2	−30,000
Proceeds from issuance of insurance notes payable	5	4	2	—	—
Payments under insurance premium financing	−4	−3	−2	−1	−657,000
Cancelled shares withheld for taxes from vesting of restricted stock	−11	−2	−1	−1	−786,000
Payment of liabilities under Tax Receivable Agreement	−4	0	−1	—	—
Payment of fees related to Class A common stock offering	0	−5	0	—	—
Borrowings from convertible notes	903	0	0	—	—
Borrowings from debt financing	186	362	35	11	—
Repayments of debt financing	−325	−67	−13	−3	—
Payment of fees related to debt extinguishment	−32	−4	0	—	—
Payment for capped call transactions related to 2031 Notes	−66	0	0	—	—
Payments of financing costs related to debt and convertible notes	−31	−12	−121,000	−358,000	—
Net cash provided by (used in) financing activities	671	400	−30	−16	−21
Net increase (decrease) in cash, cash equivalents and restricted cash	193	154	−3	−28	−24
Capitalized depreciation in property, plant and equipment	350,000	450,000	432,000	555,000	582,000
Capitalized stock-based compensation	700,000	600,000	500,000	386,000	299,000
Property, plant and equipment and equipment held for lease additions incurred but not paid at period-end	92	10	1	3	206,000
Reclassification of assets held for sale to property, plant and equipment	0	3	0	—	—
Additions to property, plant and equipment through finance leases	4	2	2	7	—
Issuance of common stock for business acquisition	19	186	0	—	—
Interest paid, net of capitalized interest	22	11	3	249,000	132,000
Interest received	7	1	143,000	—	—
Income taxes paid, net of refunds	800,000	500,000	500,000	370,000	325,000

Filings

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Frequently asked questions

What is Solaris Energy Infrastructure, Inc.'s CIK number?

Solaris Energy Infrastructure, Inc.'s SEC CIK number is 0001697500 (1697500). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Solaris Energy Infrastructure, Inc.'s SEC filings?

All of Solaris Energy Infrastructure, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Solaris Energy Infrastructure, Inc. last report earnings?

Solaris Energy Infrastructure, Inc. (SEI) most recently filed an earnings 8-K with the SEC on Apr 27, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-027520). This is Solaris Energy Infrastructure, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Solaris Energy Infrastructure, Inc.'s most recent earnings 8-K?

Solaris Energy Infrastructure, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 27, 2026 under accession 0001628280-26-027520. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Solaris Energy Infrastructure, Inc.'s latest earnings 8-K →
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