v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME      
Revenues $ 23,000 $ 32,922 $ 43,101
Operating costs and expenses:      
Cost of revenue (33,789) (29,937) (40,055)
Sales and marketing expenses (47) (54) (153)
General and administrative expenses (18,251) (13,709) (18,465)
Service development expenses   (69) (874)
Total operating costs and expenses (52,087) (43,769) (59,547)
Other operating income 9,715 214 180
Other operating expenses (3,035) (613) (13,642)
Net gain on disposal of cryptocurrency assets     7,074
Impairment of cryptocurrency assets     (2,359)
Changes in fair value of cryptocurrency assets (4,356) 3,203  
Impairment of property and equipment (8,764)    
Impairment of intangible assets (1,405)    
Gain on remeasurement of unfavorable contract 2,225    
Changes in fair value of payables settled by cryptocurrency assets 7 37  
Operating loss from continuing operations (34,700) (8,006) (25,193)
Other income, net 54 627 691
Interest income 146 56 242
Loss from equity method investments (1) (20) (295)
Impairment of long-term investments 0 (132) (1,408)
Gain from disposal of long-term investments     614
Gain from short-term investments   156  
Changes in fair value of derivative instruments 21 311 (35)
Loss before income tax from continuing operations (34,480) (7,008) (25,384)
Income tax benefits 0 0 0
Net loss from continuing operations (34,480) (7,008) (25,384)
(Loss) income from discontinued operations, net of applicable income taxes   240 (3,326)
Gain on disposal of discontinued operations, net of applicable income taxes   18,687  
Net (loss) income from discontinued operations, net of applicable income taxes   18,927 (3,326)
Net (loss) income (34,480) 11,919 (28,710)
Less: Net loss attributable to non-controlling interests (603) (154)  
Net (loss) income attributable to SOLAI Limited (33,877) 12,073 (28,710)
Net loss attributable to SOLAI Limited from continuing operations (33,877) (6,854) (25,384)
Net (loss) income attributable to SOLAI Limited from discontinued operations   18,927 (3,326)
Other comprehensive loss:      
Foreign currency translation (loss) income 146 (116) (316)
Other comprehensive (loss) income, net of tax 146 (116) (316)
Comprehensive (loss) income (34,334) 11,803 (29,026)
Less: Comprehensive loss attributable to non-controlling interests (603) (154)  
Comprehensive (loss) income attributable to SOLAI Limited $ (33,731) $ 11,957 $ (29,026)
(Losses) earnings per share attributable to SOLAI Limited-Basic and Diluted:      
Net loss from continuing operations - basic (in dollars per share) $ (0.02) $ (0.01) $ (0.03)
Net loss from continuing operations - diluted (in dollars per share) (0.02) (0.01) (0.03)
Net (loss) income from discontinued operations - basic (in dollars per share)   0.02 0
Net (loss) income from discontinued operations - diluted (in dollars per share)   0.02 0
Net (loss) income - basic (in dollars per share) (0.02) 0.01 (0.03)
Net (loss) income - diluted (in dollars per share) (0.02) 0.01 (0.03)
(Losses) earnings per American Depositary Share ("ADS*") attributable to SOLAI Limited-Basic and Diluted:      
Net loss from continuing operations, basic (in dollars per share) [1] (1.96) (0.58) (2.3)
Net loss from continuing operations, diluted (in dollars per share) (1.96) (0.58) (2.3)
Net (loss) income from discontinued operations, basic (in dollars per share) [1]   1.61 (0.3)
Net (loss) income from discontinued operations, diluted (in dollars per share)   1.61 (0.3)
Net (loss) income [1] $ (1.96) $ 1.03 $ (2.6)
Weighted average number of Class A and Class B ordinary shares outstanding:      
Basic 1,727,119,228 1,171,663,430 1,102,373,814
Diluted 1,727,119,228 1,171,663,430 1,102,373,814
[1] American Depositary Shares, which are traded on the NYSE. Each ADS represents one hundred Class A ordinary shares of the Company.