Financial Analysis
Filing-based analysis. Market pricing is not included. Fundamentals from SEC filings; economic data from FRED and the BLS. About our data
Filing evidence summary
Mixed evidenceCoverage 4/5 core metricsOperating margin changed -7.3 percentage points from the prior annual period.
Backward-looking filed evidence under visible rules - not a rating, forecast or investment advice. Missing data is never scored.
Evidence signals
- Operating margin compressed
Operating margin changed -7.3 percentage points from the prior annual period.
Why this surfaced
Direction threshold: more than +1 percentage point constructive; below -1 point caution. Period end 2025-12-31.
- Free cash flow was negative
Latest reported free cash flow was -$3M.
Why this surfaced
Free cash flow = operating cash flow minus capital expenditures; positive is supporting evidence, not a valuation conclusion. Period end 2024-12-31.
- 5 filing risk checks flagged
Flagged areas: Earnings quality, Solvency & liquidity, Dilution.
Why this surfaced
The full financial analysis shows each value, threshold, and sector limitation.
- Revenue expanded
Latest reported annual revenue changed +18.6% from the prior reported annual observation.
Why this surfaced
Direction threshold: above +2% constructive; below -2% caution; otherwise monitor. This is not labeled one-year growth when filing periods have a gap. Period end 2025-12-31.
Core trend metrics
Hover a tile for its exact definition; the Statements tab carries per-cell filing citations.
Where to look next
Risk checks
- Earnings quality
- Solvency & liquidity
- Dilution
Financial movement
- Cash→ flat
- Long-term debt→ flat
- Inventory→ flat
- Receivables→ flat
- Current assets→ flat
Source & freshness
- Source
- SEC EDGAR XBRL
- Fetched
- 2026-10-21
- Latest period end
- 2025-12-31
- Filings
- EDGAR ↗
Reported segment mix
figures as filed · share of the filed sum · change vs the prior period in the same filing- Product$61.8Mshare n/a+19.1% yoy
- Consumer Products$54.9Mshare n/a+23.7% yoy
- Personal Care Ingredients$6.34Mshare n/a-7.1% yoy
- Advanced Materials$857Kshare n/a-25.3% yoy
- Product And Service Other$270Kshare n/a-40.9% yoy
member sum exceeds the consolidated figure: this axis carries more than one breakdown, so shares are not computed.
- Outside the United States$5.17M100.0%+183.2% yoy
Members sum to $5.17M against $62.1M consolidated (residual $56.9M) - eliminations or corporate lines the filer did not tag on this axis.
- Product$15.3Mshare n/ano prior
- Consumer Products$14.2Mshare n/ano prior
- Personal Care Ingredients$1.08Mshare n/ano prior
- Product And Service Other$46Kshare n/ano prior
- Advanced Materials$41Kshare n/ano prior
Change is against the same quarter a year earlier, as reported in the same 10-Q.
Source: SEC DERA Financial Statement and Notes data sets. Dimensional XBRL facts on the business-segment, product/service and geographic axes; the engine keeps the accession of every figure. Descriptive and educational, not advice.
Peer percentiles
latest fiscal year ending 2025-12-31 · among 4,060 US-listed filers · 790 in Materials| Metric | Value | vs all filers | vs sector |
|---|---|---|---|
Revenue latest fiscal-year revenue as filed | $62M | 23rdof 3,247 bottom third | 39thof 512 middle third |
Revenue growth latest fiscal-year revenue vs the prior fiscal year | 18.6% | 75thof 3,083 top third | 67thof 464 top third |
Gross margin gross profit ÷ revenue | 25.9% | 30thof 1,585 bottom third | 40thof 217 middle third |
Operating margin operating income ÷ revenue | 2.5% | 49thof 2,777 middle third | 67thof 474 top third |
Net margin net income ÷ revenue | 2.9% | 52ndof 3,212 middle third | 68thof 508 top third |
Return on equity net income ÷ stockholders' equity (positive equity only) | 10.2% | 66thof 3,520 middle third | 83rdof 693 top third |
Stock comp ÷ revenue stock-based compensation ÷ revenue · lower is ranked higher | 0.9% | 69thof 2,852 top third | 78thof 466 top third |
Days sales outstanding receivables ÷ revenue × 365 · lower is ranked higher | 40 days | 62ndof 2,373 middle third | 66thof 382 middle third |
Cash conversion operating cash flow ÷ net income (net income > 0) | -4.8× | 1stof 2,243 bottom third | 1stof 191 bottom third |
Cash-flow accrual ratio (net income − operating cash flow) ÷ average total assets · lower is ranked higher | 20.7% | 2ndof 3,845 bottom third | 5thof 752 bottom third |
Each filer's latest fiscal year as stored by the nightly crawl; fiscal year ends differ across the universe. A metric ranks only filers for which it is computable from filed facts. Ties split; a rank reads "better than N% of filers" in the metric's own direction. Descriptive and educational, not a rating.
Earnings quality
latest fiscal year ending 2025-12-31 · accruals and cash conversion as filedPer fiscal year from filed facts: cash conversion = operating cash flow / net income (net income > 0); cash-flow accrual ratio = (net income - operating cash flow) / average total assets; balance-sheet accrual ratio = change in net operating assets / average net operating assets, NOA = (assets - cash) - (liabilities - debt). Descriptive; a missing input yields a missing ratio. High accrual ratios and cash conversion well below one are the measures the accruals literature associates with less persistent earnings; they are screens to read the cash-flow statement with, not conclusions. The per-year series is part of Pro risk analysis.
Point-in-time ledger
first-reported vs latest filing · periods since 2020-01-01 · 16 changed periods| Line item | Period | First reported | Latest filing | Change | Filings |
|---|---|---|---|---|---|
| Net income NetIncomeLoss | quarter 2025-03-31 | $80K 10-Q 2025-05-13 | $343K 10-Q 2026-08-19 | +328.8% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2021-03-31 | $358K 10-Q 2021-05-17 | $1.31M 10-Q 2022-11-14 | +265.9% | first · latest · 7 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2026-03-31 | -$504K 10-Q 2026-05-12 | -$700K 10-Q 2026-08-19 | -38.9% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2024-12-31 | $14.9M 10-K 2025-03-31 | $10.4M 10-Q 2026-08-19 | -30.7% | first · latest · 7 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2021-03-31 | $3.13M 10-Q 2021-05-17 | $4.08M 10-Q 2022-11-14 | +30.4% | first · latest · 7 filings carry it |
| Operating income OperatingIncomeLoss | quarter 2025-06-30 | $1.91M 10-Q 2025-08-14 | $2.48M 10-Q 2026-08-19 | +29.6% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2025-03-31 | $15.2M 10-Q 2025-05-13 | $10.8M 10-Q 2026-08-19 | -28.6% | first · latest · 5 filings carry it |
| Net income NetIncomeLoss | quarter 2026-03-31 | -$766K 10-Q 2026-05-12 | -$962K 10-Q 2026-08-19 | -25.6% | first · latest |
| Stockholders' equity StockholdersEquity | balance at 2026-03-31 | $17M 10-Q 2026-05-12 | $13.2M 10-Q 2026-08-19 | -22.1% | first · latest |
| Net income NetIncomeLoss | quarter 2025-06-30 | $2.67M 10-Q 2025-08-14 | $3.23M 10-Q 2026-08-19 | +21.2% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2025-06-30 | $18.2M 10-Q 2025-08-14 | $14.4M 10-Q 2026-08-19 | -20.7% | first · latest · 3 filings carry it |
| Stockholders' equity StockholdersEquity | balance at 2025-12-31 | $17.6M 10-K 2026-03-31 | $14.1M 10-Q 2026-08-19 | -20.1% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2025-06-30 | $5.88M 10-Q 2025-08-14 | $6.44M 10-Q 2026-08-19 | +9.6% | first · latest |
| Total assets Assets | balance at 2026-03-31 | $47.8M 10-Q 2026-05-12 | $44M 10-Q 2026-08-19 | -7.8% | first · latest |
| Total assets Assets | balance at 2025-12-31 | $50.1M 10-K 2026-03-31 | $46.5M 10-Q 2026-08-19 | -7.1% | first · latest · 3 filings carry it |
| Gross profit GrossProfit | quarter 2026-03-31 | $3.34M 10-Q 2026-05-12 | $3.14M 10-Q 2026-08-19 | -5.9% | first · latest |
First filing reporting each period vs the latest filing carrying it (10-K and 10-Q only, periods since 2020, the extractor's winning tag per concept); a change under 0.5% is treated as rounding. A change can be a restatement, a reclassification or a re-tagging in a later comparative column; the two filings are linked so the reader can see which. Descriptive, not a verdict.
Notes by disclosure type
Not available for SLSN yet: no footnote text blocks on file for this filer in the ingested DERA files.
Fundamentals from SEC EDGAR. Scores, the DCF, and every model shown are educational analysis, not investment advice or price predictions.