Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
Period
EPS Actual
EPS Est
Surprise
June 30, 2026
$-0.26
—
—
Dec. 31, 2024
$0.21
—
—
Dec. 31, 2023
$-0.37
—
—
Peer comparison (GICS sub-industry)
Key metrics vs sector peers
Ticker
Market Cap
P/E
Rev YoY
Net Margin
ROE
Gross Margin
SLN
$862M
-9.7
-98.7%
-15851.9%
-113.3%
61.5%
KNSA
$3.15B
55.0
60.1%
8.7%
11.1%
—
CMPS
$663M
-2.2
—
—
-524.8%
—
IMCR
$1.76B
-48.9
28.9%
-8.9%
-9.2%
—
AUTL
—
-1.8
644.9%
-381.4%
-109.6%
—
BCYC
$491M
-2.2
105.8%
-301.7%
-34.2%
—
TLSA
—
—
—
—
—
—
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
Income Statement14
Annual Income Statement data for SLN
Metric
Trend
2025
2024
2023
Revenue
$559.0K
$43M
$32M
Cost of Revenue
$215.0K
$12M
$13M
Gross Profit
$344.0K
$31M
$19M
R&D Expense
$68M
$68M
$57M
SG&A Expense
$22M
$27M
$26M
Operating Income
$-91M
$-63M
$-64M
Pretax Income
$-89M
$-44M
$-53M
Income Tax
$11.0K
$845.0K
$956.0K
Net Income
$-89M
$-45M
$-54M
EPS (Basic)
$-0.63
$-0.33
$-0.49
EPS (Diluted)
$-0.63
$-0.33
$-0.49
Shares (Basic)
141,694,702
138,752,224
111,277,250
Shares (Diluted)
141,694,702
138,752,224
111,277,250
EBITDA
$-91M
·
·
Balance Sheet21
Annual Balance Sheet data for SLN
Metric
Trend
2025
2024
2023
Cash & Equivalents
$11M
$121M
$69M
Short-term Investments
$74M
$26M
·
Receivables
$0
$972.0K
$290.0K
Other Current Assets
$12M
$15M
$12M
Current Assets
$119M
$187M
$103M
PP&E (Net)
$2M
$2M
$2M
PP&E (Gross)
$6M
$6M
$6M
Accum. Depreciation
$4M
$5M
$4M
Goodwill
$11M
$9M
$10M
Intangibles
$288.0K
$312.0K
·
Other Non-current Assets
$127.0K
$4M
$4M
Total Assets
$131M
$203M
$119M
Current Liabilities
$14M
$17M
$22M
Capital Leases
$71.0K
$0
$118.0K
Total Liabilities
$69M
$69M
$97M
Common Stock
$10M
$10M
$9M
Retained Earnings
$-563M
$-474M
$-432M
AOCI
$-3M
$-12M
$-11M
Stockholders' Equity
$62M
$134M
$22M
Liabilities + Equity
$131M
$203M
$119M
Shares Outstanding
141,701,848
141,674,074
118,846,966
Cash Flow11
Annual Cash Flow data for SLN
Metric
Trend
2025
2024
2023
Stock-based Comp
$8M
$16M
$16M
Deferred Tax
$11.0K
$845.0K
$956.0K
Restructuring
$1M
$0
·
Operating Cash Flow
$-62M
$-68M
$-49M
CapEx
$55.0K
$211.0K
$56.0K
Investing Cash Flow
$-48M
$-22M
$19M
Stock Issued
$15.0K
$142M
$32M
Net Stock Activity
$15.0K
·
·
Financing Cash Flow
$15.0K
$142M
$32M
Taxes Paid
$637.0K
$433.0K
$-801.0K
Free Cash Flow
$-62M
·
·
Profitability8
Annual Profitability data for SLN
Metric
Trend
2025
2024
2023
Gross Margin
61.5%
·
·
Operating Margin
-16292.8%
·
·
Net Margin
-15851.9%
·
·
Pretax Margin
-15849.9%
·
·
EBITDA Margin
-16292.8%
·
·
ROA
-53.0%
·
·
ROE
-113.3%
·
·
ROIC
-146.2%
·
·
Liquidity & Solvency2
Annual Liquidity & Solvency data for SLN
Metric
Trend
2025
2024
2023
Current Ratio
8.7
·
·
Quick Ratio
6.3
·
·
Efficiency2
Annual Efficiency data for SLN
Metric
Trend
2025
2024
2023
Asset Turnover
0.0
·
·
Receivables Turnover
1.2
·
·
Per Share5
Annual Per Share data for SLN
Metric
Trend
2025
2024
2023
Book Value / Share
$0.44
·
·
Revenue / Share
$0.00
·
·
Cash Flow / Share
$-0.44
·
·
Cash / Share
$0.08
·
·
EPS (TTM)
$-0.63
$-0.33
·
Growth Rates2
Annual Growth Rates data for SLN
Metric
Trend
2025
2024
2023
Revenue YoY
-98.7%
36.7%
46.1%
Revenue CAGR 3Y
-70.5%
·
·
Valuation (TTM)10
Annual Valuation (TTM) data for SLN
Metric
Trend
2025
2024
2023
Revenue TTM
$559.0K
$43M
·
Net Income TTM
$-89M
$-45M
·
Market Cap
$862M
·
·
P/E
-9.7
-20.8
·
P/S
1541.2
·
·
P/B
13.8
·
·
P / Tangible Book
16.8
7.8
·
P / Cash Flow
-13.8
·
·
P / FCF
-13.8
·
·
Earnings Yield
-10.4%
-4.8%
·
Income Statement14
Quarterly Income Statement data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Revenue
$0
$422.0K
$34.0K
$159.0K
$224.0K
$142.0K
$25M
$1M
$756.0K
$16M
Cost of Revenue
$0
$11.0K
$12.0K
$64.0K
$85.0K
$54.0K
$2M
$4M
$3M
$3M
Gross Profit
$0
$411.0K
$22.0K
$95.0K
$139.0K
$88.0K
$23M
$-2M
$-3M
$13M
R&D Expense
$9M
$9M
$9M
$21M
$18M
$21M
$22M
$20M
$14M
$12M
SG&A Expense
$5M
$7M
$4M
$6M
$5M
$8M
$6M
$8M
$7M
$7M
Operating Income
$-14M
$-16M
$-12M
$-26M
$-24M
$-28M
$-4M
$-30M
$-23M
$-6M
Pretax Income
$-12M
$-15M
$-12M
$-21M
$-27M
$-29M
$13M
$-35M
$-20M
$-2M
Income Tax
$1.0K
$0
$0
$1.0K
$10.0K
$0
$324.0K
$49.0K
$228.0K
$244.0K
Net Income
$-12M
$-15M
$-12M
$-21M
$-27M
$-29M
$12M
$-36M
$-20M
$-2M
EPS (Basic)
$-0.09
$-0.11
$-0.09
$-0.15
$-0.19
$-0.20
$0.08
$-0.25
$-0.14
$-0.02
EPS (Diluted)
$-0.09
$-0.11
$-0.09
$-0.15
$-0.19
$-0.20
$0.08
$-0.25
$-0.14
$-0.02
Shares (Basic)
141,709,762
141,702,578
-283,381,927
141,701,848
141,696,047
141,678,734
-274,535,983
141,198,163
140,208,929
131,881,115
Shares (Diluted)
141,709,762
141,702,578
-283,381,927
141,701,848
141,696,047
141,678,734
-274,535,983
141,198,163
140,208,929
131,881,115
EBITDA
$-14M
$-16M
·
$-26M
$-24M
$-28M
·
·
·
·
Balance Sheet21
Quarterly Balance Sheet data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Cash & Equivalents
$72M
$6M
$11M
$82M
$42M
$65M
$121M
·
·
·
Short-term Investments
$0
$64M
$74M
$20M
$72M
$72M
$26M
·
·
·
Receivables
·
$0
$0
$28.0K
$85.0K
$41.0K
$972.0K
·
·
·
Other Current Assets
$13M
$11M
$12M
$9M
$14M
$16M
$15M
·
·
·
Current Assets
$94M
$103M
$119M
$134M
$149M
$170M
$187M
·
·
·
PP&E (Net)
$1M
$1M
$2M
$2M
$2M
$2M
$2M
·
·
·
PP&E (Gross)
·
·
$6M
·
·
·
$6M
·
·
·
Accum. Depreciation
·
·
$4M
·
·
·
$5M
·
·
·
Goodwill
$10M
$10M
$11M
$11M
$11M
$10M
$9M
·
·
·
Intangibles
·
·
$288.0K
·
·
·
$312.0K
·
·
·
Other Non-current Assets
$127.0K
$127.0K
$127.0K
$399.0K
$4M
$4M
$4M
·
·
·
Total Assets
$106M
$115M
$131M
$147M
$165M
$185M
$203M
·
·
·
Current Liabilities
$13M
$10M
$14M
$17M
$15M
$19M
$17M
·
·
·
Capital Leases
$9.0K
$43.0K
$71.0K
$97.0K
·
·
$0
·
·
·
Total Liabilities
$68M
$66M
$69M
$73M
$71M
$73M
$69M
·
·
·
Common Stock
$10M
$10M
$10M
$10M
$10M
$10M
$10M
·
·
·
Retained Earnings
$-590M
$-578M
$-563M
$-551M
$-530M
$-503M
$-474M
·
·
·
AOCI
$-3M
$-3M
$-3M
$-3M
$-1M
$-8M
$-12M
·
·
·
Stockholders' Equity
$38M
$49M
$62M
$74M
$94M
$113M
$134M
·
·
·
Liabilities + Equity
$106M
$115M
$131M
$147M
$165M
$185M
$203M
·
·
·
Shares Outstanding
141,739,180
141,703,840
141,701,848
141,701,848
141,701,848
141,690,850
141,674,074
·
·
·
Cash Flow11
Quarterly Cash Flow data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Stock-based Comp
$1M
$2M
$-86.0K
$3M
$2M
$4M
$4M
$4M
$4M
$4M
Deferred Tax
·
·
$0
$1.0K
$10.0K
$0
$324.0K
$49.0K
$228.0K
$244.0K
Restructuring
$0
·
$0
$0
$1M
·
$0
$0
$0
·
Operating Cash Flow
$2M
$-16M
$-17M
$-11M
$-22M
$-12M
$-27M
$-26M
$-5M
$-9M
CapEx
$0
$0
$0
$3.0K
$48.0K
$4.0K
$62.0K
$64.0K
$85.0K
$0
Investing Cash Flow
$65M
$10M
$-53M
$51M
$-2M
$-44M
$66M
$-38M
$-43.0K
$-50M
Stock Issued
$2.0K
$0
$0
$0
$1.0K
$14.0K
$-98.0K
$8M
$1M
$133M
Net Stock Activity
·
$0
·
·
·
$14.0K
·
·
·
·
Financing Cash Flow
$2.0K
$0
$0
$0
$1.0K
$14.0K
$-98.0K
$8M
$1M
$133M
Taxes Paid
$-84.0K
$-88.0K
$1M
$-121.0K
$-433.0K
$-76.0K
$759.0K
$-110.0K
$-107.0K
$-109.0K
Free Cash Flow
·
$-16M
·
·
·
$-12M
·
·
·
·
Profitability8
Quarterly Profitability data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Gross Margin
·
97.4%
·
59.8%
62.1%
62.0%
·
·
·
·
Operating Margin
·
-3729.2%
·
-16505.7%
-10697.8%
-20006.3%
·
·
·
·
Net Margin
·
-3544.3%
·
-13181.1%
-12211.6%
-20091.5%
·
·
·
·
Pretax Margin
·
-3544.3%
·
-13180.5%
-12207.1%
-20091.5%
·
·
·
·
EBITDA Margin
·
-3729.2%
·
-16505.7%
-10697.8%
-20006.3%
·
·
·
·
ROA
-9.0%
-10.0%
·
-28.6%
-33.1%
-30.8%
·
·
·
·
ROE
-18.5%
-18.4%
·
-56.6%
-58.1%
-50.6%
·
·
·
·
ROIC
-36.0%
-31.9%
·
-35.4%
-25.5%
-25.2%
·
·
·
·
Liquidity & Solvency2
Quarterly Liquidity & Solvency data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Current Ratio
7.4
9.8
·
7.7
10.1
8.8
·
·
·
·
Quick Ratio
5.7
6.7
·
5.9
7.7
7.1
·
·
·
·
Efficiency2
Quarterly Efficiency data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Asset Turnover
0.0
0.0
·
0.0
0.0
0.0
·
·
·
·
Receivables Turnover
·
20.6
·
11.4
5.3
6.9
·
·
·
·
Per Share5
Quarterly Per Share data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Book Value / Share
$0.27
$0.35
·
$0.52
$0.66
$0.80
·
·
·
·
Revenue / Share
$0.00
$0.00
·
$0.00
$0.00
$0.00
·
·
·
·
Cash Flow / Share
·
$-0.11
·
·
·
$-0.09
·
·
·
·
Cash / Share
$0.51
$0.04
·
$0.58
$0.29
$0.46
·
·
·
·
EPS (TTM)
$-0.54
$-0.65
·
$-0.79
$-0.78
$-0.61
·
·
·
·
Valuation (TTM)10
Quarterly Valuation (TTM) data for SLN
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Revenue TTM
$805.0K
$947.0K
·
$2M
$3M
$18M
·
·
·
·
Net Income TTM
$-76M
$-92M
·
$-112M
$-111M
$-86M
·
·
·
·
Market Cap
$1.56B
$747M
·
$735M
$822M
$400M
·
·
·
·
P/E
-20.3
-8.1
·
-6.6
-7.4
-4.6
·
·
·
·
P/S
1933.3
788.6
·
363.5
313.7
22.1
·
·
·
·
P/B
40.5
15.1
·
9.9
8.7
3.5
·
·
·
·
P / Tangible Book
55.3
19.1
·
11.6
9.8
3.9
·
·
·
·
P / Cash Flow
·
-47.9
·
·
·
-32.5
·
·
·
·
P / FCF
·
-47.9
·
·
·
-32.5
·
·
·
·
Earnings Yield
-4.9%
-12.3%
·
-15.2%
-13.5%
-21.6%
·
·
·
·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Revenue
$559.0K
$43M
$32M
$22M
Gross Margin %
61.5%
—
—
—
Operating Margin %
-16292.8%
—
—
—
Net Income
$-89M
$-45M
$-54M
$-50M
Diluted EPS
$-0.63
$-0.33
$-0.49
$-0.52
Balance Sheet
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Current Ratio
8.7
—
—
—
Quick Ratio
6.3
—
—
—
Cash Flow
2025-12-31
2024-12-31
2023-12-31
2022-12-31
Free Cash Flow
$-62M
—
—
—
My Metrics
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Institutional owners (13F)
79 filers · $241.4M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
23
(+16 vs prior Q)
4
(-2 vs prior Q)
22
(-1 vs prior Q)
18
(+5 vs prior Q)
+2.6M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners
2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership
Held by 4 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.