1.Sales and profit
See section β- Solid Biosciences Inc. lost $174M in fiscal 2025.
SLDB Nasdaq Biological Products, (No Diagnostic Substances) Financials FY2016βFY2025
Last close Β· Oct 23, 2026
$5.92
4.4%Hi! I read Solid Biosciences Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Does it make a profit?
β$174M
No. It lost money last year.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Solid Biosciences Inc. did it, and the next one. Share prices often move a lot on those days.
Next results
November 2, 2026
Monday Β· in 7 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 6, 2026 | Q2 '26 | After the market closes | 10-Q β |
| May 12, 2026 | Q1 '26 | After the market closes | 10-Q β |
| Mar 6, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 3, 2025 | Q3 '25 | After the market closes | 8-K β |
| Aug 12, 2025 | Q2 '25 | After the market closes | 10-Q β |
| May 15, 2025 | Q1 '25 | After the market closes | 10-Q β |
| Feb 18, 2025 | Q4 '24 | Before the market opens | 8-K β |
| Nov 6, 2024 | Q3 '24 | After the market closes | 10-Q β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Margins, % of revenue
KIRA Β· Solid Biosciences Inc. lost $174M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$157M in fiscal 2025, β of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Solid Biosciences Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $208M | $214M | $124M | $149M | $188M |
| Interest coverage | β | β | β236.9x | β381.6x | β |
| Current ratio | 9.4x | 9.8x | 8.9x | 5.2x | 6.1x |
| Quick ratio | 9.4x | 9.8x | 8.9x | 5.2x | 6.1x |
| Total assets | $232M | $260M | $165M | $189M | $233M |
| Total liabilities | $24.2M | $48.6M | $38.5M | $51.4M | $52.5M |
| Shareholders' equity | $208M | $212M | $126M | $137M | $180M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 4 | 3 / 7 | 1 / 7 | 4 / 7 | 3 / 7 | 1 / 7 | β / 6 | β / 6 | β / 6 |
| Accruals ratio | β | β11.7% | β4.3% | β20.2% | β23.1% | 2.8% | 4.9% | β0.9% | β14.0% | β8.6% |
| Altman Z'' | β | β10.56 | 6.29 | β9.81 | β2.48 | 5.89 | β0.25 | β9.23 | β10.94 | β10.16 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $13.6M | $8.1M | β | β | β |
| Research and development | $20.1M | $39.9M | $58.0M | $94.7M | $64.9M | $58.7M | $78.4M | $76.6M | $96.4M | $140M |
| Operating income | β$25.6M | β$54.9M | β$75.7M | β$119M | β$88.4M | β$72.3M | β$106M | β$104M | β$130M | β$179M |
| Interest expense | β | β | β | β | β | β | β | $0.4M | $0.3M | β$0.2M |
| Pretax income | β | β | β | β | β | β | β | β | β$125M | β$174M |
| Income tax | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Net income | β$21.5M | β$52.1M | β$74.8M | β$117M | β$88.3M | β$72.2M | β$86.0M | β$96.0M | β$125M | β$174M |
| Net income to common | β$17.2M | β$39.3M | β$74.8M | β$117M | β | β | β | β | β | β |
| Diluted EPS | β$10.14 | β$2.88 | β$2.25 | β$2.91 | β$25.50 | β$10.14 | β$10.10 | β$4.83 | β$3.06 | β$1.99 |
| Diluted shares | 0.00B | 0.01B | 0.03B | 0.04B | 0.00B | 0.01B | 0.01B | 0.02B | 0.04B | 0.09B |
| Cash flow | ||||||||||
| Cash from operations | β$20.1M | β$43.2M | β$70.2M | β$92.7M | β$56.6M | β$77.8M | β$98.0M | β$94.2M | β$100M | β$156M |
| Capital expenditure | $0.4M | $2.3M | $7.8M | $4.4M | $0.9M | $1.3M | $3.0M | $1.5M | $0.7M | $1.2M |
| Free cash flow | β$20.5M | β$45.5M | β$78.0M | β$97.1M | β$57.5M | β$79.0M | β$101M | β$95.7M | β$101M | β$157M |
| Depreciation and amortization | $0.1M | $0.4M | $1.6M | $2.8M | $3.9M | $3.0M | $2.4M | $2.6M | $2.5M | $1.6M |
| Stock-based compensation | $1.5M | $5.3M | $6.0M | $14.2M | $11.6M | $13.4M | $7.5M | $7.6M | $10.5M | $16.9M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $7.7M | $69.1M | $122M | $83.5M | $155M | $208M | $214M | $124M | $149M | $188M |
| Finance lease liabilities | β | β | β | $0.9M | $0.7M | $0.5M | β | β | β | β |
| Current assets | β | $70.7M | $129M | $86.3M | $159M | $223M | $220M | $130M | $157M | $205M |
| Current liabilities | β | $11.3M | $12.5M | $18.3M | $24.5M | $23.6M | $22.5M | $14.5M | $30.3M | $33.5M |
| Property and equipment, net | β | $2.4M | $10.4M | $11.6M | $8.2M | $6.5M | $9.7M | $6.6M | $4.7M | $4.2M |
| Total assets | β | $76.2M | $140M | $103M | $171M | $232M | $260M | $165M | $189M | $233M |
| Total liabilities | β | $11.3M | $14.4M | $23.4M | $39.1M | $24.2M | $48.6M | $38.5M | $51.4M | $52.5M |
| Preferred stock | β | $0.0M | $0.0M | β | β | β | β | β | β | β |
| Shareholders' equity | β$37.9M | β$59.3M | $125M | $80.0M | $132M | $208M | $212M | $126M | $137M | $180M |
| Margins | ||||||||||
| Operating margin | β | β | β | β | β | β530.5% | β1,315.2% | β | β | β |
| EBITDA margin | β | β | β | β | β | β508.7% | β1,285.4% | β | β | β |
| Net margin | β | β | β | β | β | β530.0% | β1,062.3% | β | β | β |
| FCF margin | β | β | β | β | β | β580.4% | β1,247.7% | β | β | β |
| Returns | ||||||||||
| Return on capital employed | β | β84.5% | β59.5% | β140.1% | β60.3% | β34.6% | β44.8% | β69.3% | β81.9% | β90.0% |
| Return on equity | β | β | β226.9% | β114.2% | β83.2% | β42.4% | β41.0% | β56.8% | β94.6% | β109.9% |
| Return on assets | β | β68.4% | β69.3% | β96.5% | β64.3% | β35.8% | β34.9% | β45.2% | β70.5% | β82.8% |
| Return on tangible equity | β | β | β59.8% | β146.4% | β66.8% | β34.7% | β40.6% | β75.9% | β90.9% | β96.8% |
| Growth | ||||||||||
| Revenue growth | β | β | β | β | β | β | β40.6% | β | β | β |
| Share count change | β | 703.4% | 143.7% | 21.1% | β91.4% | 105.6% | 19.6% | 133.6% | 105.3% | 114.4% |
| Financial health | ||||||||||
| Interest coverage | β | β | β | β | β | β | β | β236.9x | β381.6x | β |
| Current ratio | β | 6.3x | 10.3x | 4.7x | 6.5x | 9.4x | 9.8x | 8.9x | 5.2x | 6.1x |
| Quick ratio | β | 6.3x | 10.3x | 4.7x | 6.5x | 9.4x | 9.8x | 8.9x | 5.2x | 6.1x |
| Capital allocation | ||||||||||
| Capex / revenue | β | β | β | β | β | 9.4% | 37.2% | β | β | β |
| Stock comp / revenue | β | β | β | β | β | 98.2% | 93.1% | β | β | β |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 3.0 | 1.0 | 4.0 | 3.0 | 1.0 | β | β | β |
| Altman Z'' | β | β10.6 | 6.3 | β9.8 | β2.5 | 5.9 | β0.3 | β9.2 | β10.9 | β10.2 |
| Accruals ratio | β | β11.7% | β4.3% | β20.2% | β23.1% | 2.8% | 4.9% | β0.9% | β14.0% | β8.6% |
Source: SEC EDGAR XBRL filings (CIK 0001707502). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.