What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of Solidion Technology (STI) revenue becomes net income?

For TTM through Q1 2026, Solidion Technology turned $98.78K of revenue into −$51.63M of net income — a net margin of -52269.1%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are Solidion Technology (STI) gross, operating, and net margins?

For TTM through Q1 2026, Solidion Technology reported a gross margin of -204%, an operating margin of -11705.8%, and a net margin of -52269.1%. Each subtotal in the waterfall corresponds to one of these margins.

Why does Solidion Technology (STI) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

Solidion Technology (STI) Income Statement Waterfall

Revenue

$98.78K

Gross Margin

-204.0%

Operating Margin

-11705.8%

Net Margin

-52269.1%

Income statement waterfall for Solidion Technology (STI) — TTM through Q1 2026

Net income: −$51.63M

Margin breakdown for Solidion Technology (STI) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$98.78K	$98.78K
Cost of Revenue	−$300.24K	−$201.47K
Gross Profit	−$201.47K	−$201.47K
Operating Expenses	−$11.36M	−$11.56M
Operating Income	−$11.56M	−$11.56M
Other Income / Expense	−$40.07M	−$51.63M
Pre-tax Income	−$51.63M	−$51.63M
Income Tax	$0.00	−$51.63M
Net Loss	−$51.63M	−$51.63M

Revenue$98.78K
Cost of Revenue−$300.24K
Gross Profit−$201.47K
Operating Expenses−$11.36M
Operating Income−$11.56M
Other Income / Expense−$40.07M
Pre-tax Income−$51.63M
Income Tax$0.00
Net Loss−$51.63M

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Income statement waterfall for Solidion Technology (STI) — TTM through Q1 2026

Margin breakdown for Solidion Technology (STI) — TTM through Q1 2026

Frequently asked questions

+What is an income statement waterfall?

+How much of Solidion Technology (STI) revenue becomes net income?

+What are Solidion Technology (STI) gross, operating, and net margins?

+Why does Solidion Technology (STI) have such a high (or low) gross margin?

+What is the difference between gross, operating, and net margin?

Data & methodology

+What is this view?

+How to read this waterfall

+How is the data calculated?

+What is the USD toggle?

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