10-K · March 5, 2026
Solitario (XPL) remains an exploration-stage company focused on precious metals and zinc with core assets at Golden Crest (SD), a carried interest in Florida Canyon (Peru) and a 50% interest in Lik (Alaska); it added…
Earnings analysis · 10-Q
XPL earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Solitario Resources Corp. reported a reduced net loss of $494,000 for Q1 2026, compared to a loss of $511,000 in Q1 2025, reflecting improved operational efficiencies and lower exploration costs. Cash and short-term…
Read full summary
Solitario Resources Corp. reported a reduced net loss of $494,000 for Q1 2026, compared to a loss of $511,000 in Q1 2025, reflecting improved operational efficiencies and lower exploration costs. Cash and short-term investments increased to $8,442,000, indicating a stable liquidity position as they prepare for further exploration activities.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.01
What stood out
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Reduced Net Loss
Net loss for Q1 2026 decreased to $494,000, down from $511,000 in Q1 2025.
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Decreased Exploration Costs
Exploration expenses decreased to $182,000 in Q1 2026 from $239,000 in Q1 2025.
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Lower General and Administrative Costs
G&A expenses were $376,000 in Q1 2026, down from $490,000 in Q1 2025.
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Increased Interest Income
Interest income rose to $65,000 in Q1 2026 from $46,000 in Q1 2025.
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Cash and Investments Position
Cash and short-term investments increased to $8,442,000 as of March 31, 2026.
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Improved Working Capital
Working capital grew to $8,579,000 as of March 31, 2026, up from $7,795,000 at year-end 2025.
What to watch
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Concentration of Cash
Cash and short-term investments total $8,442,000, concentrated in a money market account, which may limit liquidity flexibility.
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Reliance on Financing
Future exploration and development plans are highly dependent on acquiring additional financing, which is uncertain.
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Market Volatility
Significant fluctuations in commodity prices may negatively impact exploration efforts and financial performance.
Management's outlook
Management defers period-specific revenue/EPS outlook to future earnings releases.
Earlier filings 4
10-Q · November 5, 2024
Solitario reported a larger loss in Q3 2024 with net loss of $2,276,000 (EPS $(0.03)) versus $1,292,000 (EPS $(0.02)) in Q3 2023, driven by higher exploration expense and G&A. Liquidity remains concentrated in…
10-Q · July 30, 2024
Solitario reported a Q2 net loss of $762,000 (EPS $(0.01)) versus a loss of $1,040,000 (EPS $(0.02)) in Q2 2023; for the six months the loss was $1,492,000 (EPS $(0.02)) vs $1,420,000 a year ago. Operating expenses rose…
10-Q · November 8, 2023
Solitario Resources reported a Q3 net loss of $1,292,000 (‑$0.02 per share) versus a loss of $1,057,000 (‑$0.02) in Q3 2022, driven by higher exploration expense and an unrealized loss on marketable equity securities.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.