Solstice Advanced Materials Inc (SOLS) financial statements: income statement, balance sheet and cash flow
Solstice Advanced Materials Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Solstice Advanced Materials Inc reported revenue of $3.9B and net income of $285.0M.
Income statement
Solstice Advanced Materials Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Net sales
$3.9B
Total cost of products and services sold
$2.6B
Research and development expenses
$97.0M
Selling, general and administrative expenses
$421.0M
Transaction-related costs
$117.0M
Other expense (income)
($60.0M)
Interest and other financial charges
$28.0M
Total costs, expenses and other
$3.2B
Income before taxes
$647.0M
Income tax expense
$362.0M
Net income
$285.0M
Less: Net income (loss) attributable to noncontrolling interest
$48.0M
Net income attributable to Solstice Advanced Materials
$237.0M
Basic earnings per share (in usd per share)
$1.49
Diluted earnings per share (in usd per share)
$1.49
Weighted average number of common shares outstanding - basic (in shares)
158.7M
Weighted average number of common shares outstanding - diluted (in shares)
158.9M
Solstice Advanced Materials Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Net sales
$1.1B
$991.0M
$969.0M
Total cost of products and services sold
$778.0M
$675.0M
$659.0M
Research and development expenses
$25.0M
$28.0M
$26.0M
Selling, general and administrative expenses
$123.0M
$108.0M
$113.0M
Transaction-related costs
$25.0M
$23.0M
$32.0M
Other expense (income)
($2.0M)
($7.0M)
($36.0M)
Interest and other financial charges
$23.0M
$29.0M
$2.0M
Total costs, expenses and other
$972.0M
$855.0M
$796.0M
Income before taxes
$176.0M
$136.0M
$173.0M
Income tax expense
$42.0M
$31.0M
$182.0M
Net income
$134.0M
$105.0M
($9.0M)
Less: Net income attributable to noncontrolling interest
$15.0M
$20.0M
$26.0M
Net income attributable to Solstice Advanced Materials
$119.0M
$85.0M
($35.0M)
Basic earnings per share (in usd per share)
$0.75
$0.53
—
Diluted earnings per share (in usd per share)
$0.75
$0.53
—
Weighted average number of common shares outstanding - basic (in shares)
158.8M
158.8M
—
Weighted average number of common shares outstanding - diluted (in shares)
159.4M
159.3M
—
Balance sheet
Solstice Advanced Materials Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Cash and cash equivalents
$534.0M
Accounts receivable, less allowances
$645.0M
Inventories
$715.0M
Product loans receivable, current
$300.0M
Other current assets
$193.0M
Total current assets
$2.4B
Property, plant and equipment – net
$2.1B
Goodwill
$820.0M
Intangible assets – net
$49.0M
Deferred income taxes
$6.0M
Product loans receivable
$0
Equity method investments
$162.0M
Noncurrent assets
$192.0M
Total assets
$5.7B
Accounts payable
$909.0M
Current portion of long-term debt
$4.0M
Product loans payable, current
$320.0M
Finance lease liabilities, current
$14.0M
Accrued and other current liabilities
$467.0M
Total current liabilities
$1.7B
Long-term debt
$2.0B
Deferred income taxes
$233.0M
Product loans payable, noncurrent
$16.0M
Finance lease liabilities, noncurrent
$104.0M
Other noncurrent liabilities
$262.0M
Total liabilities
$4.3B
Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,747,196 shares issued and outstanding at December 31, 2025; 0 shares issued and outstanding at December 31, 2024)
$2000000.00
Additional paid-in capital
$1.5B
Net Parent investment
$0
Accumulated other comprehensive loss
($127.0M)
Retained earnings
$41.0M
Total Solstice Advanced Materials stockholders’ equity
Common stock (par value $0.01 per share; 500,000,000 shares authorized; 158,842,224 shares issued and outstanding at June 30, 2026; 158,747,196 shares issued and outstanding at December 31, 2025)
$2000000.00
$2000000.00
—
Additional paid-in capital
$1.5B
$1.5B
—
Accumulated other comprehensive loss
($142.0M)
($128.0M)
($154.0M)
Retained earnings
$220.0M
$113.0M
—
Total Solstice Advanced Materials shareowners’ equity
$1.6B
$1.5B
$3.2B
Noncontrolling interest
$2.0M
($14.0M)
($47.0M)
Total equity
$1.6B
$1.5B
$3.2B
Total liabilities and equity
$5.9B
$5.7B
$5.2B
Cash flow statement
Solstice Advanced Materials Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Net income
$285.0M
Depreciation
$191.0M
Amortization
$29.0M
Equity income of affiliated companies
($19.0M)
Gain on sale of fixed assets
($15.0M)
Stock compensation expense
$27.0M
Accrued interest on long-term debt
$24.0M
Deferred income taxes
$52.0M
Accounts receivable
($51.0M)
Inventories
($146.0M)
Other assets
($117.0M)
Accounts payable
$77.0M
Accrued liabilities, current
$102.0M
Deferred income and customer advances
$2.0M
Other liabilities
$15.0M
Net cash provided by operating activities
$455.0M
Capital expenditures paid
($336.0M)
Cash paid for long-life catalysts and deferred maintenance
($2.0M)
Purchase of intangible assets
($16.0M)
Proceeds from disposals of property, plant, and equipment
$23.0M
Other
$0
Net cash used for investing activities
($330.0M)
Net transfers to Parent
($684.0M)
Issuance of long-term debt
$2.0B
Payment of deferred financing costs
($38.0M)
Dividend to parent
($1.5B)
Finance lease payments
($13.0M)
Net cash used for financing activities
($235.0M)
Effect of foreign exchange rate changes on cash and cash equivalents
($15.0M)
Net (decrease) increase in cash and cash equivalents