Solidion Technology, Inc. (NASDAQ: STI) released its financial results for the third quarter ended September 30, 2026, on November 9, 2026. The company reported a quarterly net income of approximately $244,000, marking a shift from a net loss of $4.1 million in the same period in the prior year. The filing highlights a significant improvement in the company's balance sheet, including a reduction in total liabilities and a strengthened stockholders' equity position.

Key financial metrics for the third quarter of 2026 include:

The company maintained a cash balance of approximately $26.2 million as of September 30, 2026, compared to $27.7 million at the end of the previous quarter. Working capital improved to $19.6 million, reversing a deficit of $11.2 million recorded on December 31, 2025. Total liabilities decreased by approximately 40% to $7.5 million, down from $12.0 million at year-end 2025. Stockholders' equity reached $23.8 million, compared to a deficit of $7.2 million at the end of 2025.

On the corporate governance front, the company expanded its Board of Directors on August 31, 2026, appointing three independent directors: Mark Schwartz, Kimi L. Ellen, and Dante W. Robinson. Additionally, on September 13, 2026, the Board authorized a share repurchase program allowing for the purchase of up to $1.0 million of the company's common stock.

Regarding business operations, Solidion highlighted the development of its PEAK Series uninterruptible power supply system for AI data centers, utilizing a 5500 silicon-carbon anode cell. The company also developed a high-energy 5.5Ah 21700 cylindrical cell with an energy density of 305 Wh/kg. Solidion is currently conducting research under two U.S. Department of Energy grants in collaboration with Oak Ridge National Laboratory, as well as a firm-fixed-price U.S. Army STTR contract for flexible, fiber-based rechargeable battery systems.