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Solitario Resources Corp. (XPL) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$0.49 +2.11% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $0.49

Solitario Resources Corp. (XPL) carries a Roarable Rating of D- (Sell) with 39/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D- • RED ALERT Cap $45.0M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is XPL stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Solitario Resources Corp. (NYSE: XPL) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 39/100 at a spot price of $0.49 (+2.11% 1D, market cap $45.0M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 12/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 3/20. Across 270 tracked Materials issuers, XPL ranks #202 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does XPL compare to NAMM and SRL in the Materials sector?
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Within the Materials sector (Precious Metals), XPL carries a Roarable D- (39/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -15.5%. By comparison, NAMM (Namib Minerals) holds a D grade (46/100 RQD, P/E N/A, ROIC —, cap $43.1M) and SRL (Scully Royalty Ltd.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $61.5M). Among the 5-stock peer group, XPL leads on earnings multiple (N/A) while XPL leads on capital efficiency (-15.5% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for XPL?
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Per XPL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000917225), Solitario Resources Corp. generated $10.5M in revenue (+8.6% YoY), -$3.8M in net income, and -$3.6M in free cash flow against $25.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
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INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $0.49 (+0.19%)🧬 Dilution Drag (+2.48% YoY Shares)⚙️ Cash Engine: 8/20 (D-) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (39/100 · D-) historically underperformed SPY in 71% of rolling 90-day windows (-7.6% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERRED ALERT • D-
025507510039
3-of-3 JEV AI Jury Bearish Warning
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D- · Rk D-
Cash (8)Whales (12)SEC (10)Macro (6)CEO (3)
Each axis scored 0–20
12M PRICE TARGET CONE-8.2% Base Target
$1 Bull$0 Base$0 Bear
📬 FREE XPL RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for XPL)Realized 20D OHLCV Swing Band: ±8.9%
Deterministic 5-Pillar Attribution (39/100 Composite)
🔍 WHY XPL SCORES 39/100 (D-) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Whale & Options Positioning+12/20 pts (31% of score)

20D Institutional Volume Accumulation (±8.9% realized swing band)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+10/20 pts (26% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 3/9

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution4/20 pts (-16 pt drag)

Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
47
Grade D$0.57-10.5% Next Q
Q2 (-2Q)
44
Grade D$0.51+0% Next Q
Q3 (-1Q)
42
Grade D$0.51-3.9% Next Q
Current
39
Grade D-$0.49-7.6% Hist 90D α
Trajectory: D (47) → D- (39)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a XPL Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While XPL currently carries a cautious 39/100 (D-) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Materials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($0.59) and Max Pain ($0.51) forces dealer call-delta covering toward $1.03.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $XPL• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “XPL Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 39%NO 61%Trade / Inspect Odds →
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How XPL Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)
Revenue$10.5MGross Profit $5.5M (52%)Cost of Sales $5.0MOp Profit $0 (0%)OpEx (R&D/SG&A) $5.5MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $16.9M
FY24
Rev $9.7M
FY25
Rev $10.5M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$10.5M52%0%-$3.8M-$3.6M-15.5%
FY 2024$9.7M52%0%-$5.4M-$5.1M-15.5%
FY 2023$16.9M46.7%0%-$3.8M-$3.3M-15.5%
ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring XPL)

  • ✓Walkthrough of XPL's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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XPL // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -40.24%🛡️ HOLDING TREND SUPPORT
2026-11-03O $0.51H $0.51L $0.48C $0.49VOL 100.6K
RES: $0.77SUP: $0.46SMA50: $0.59SMA200: $0.75
$0.97$0.84$0.70$0.56$0.43RES $0.77SUP $0.46$0.492026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

XPL Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 XPL Butterfly Map → + Track XPL →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
8.0%/yr Implied 5Y Growth

vs. +8.6% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on XPL today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for XPL. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for XPL today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (XPL)

Materials Rank #202 of 270 ⚔️ NAMM vs XPL Full Matrix →

1. Head-to-Head Materials Peer Comparison (XPL vs. NAMM, SRL, USGO, FURY)

Industry: Precious Metals (74 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, Solitario Resources Corp. (XPL) ranks #202 by composite RQD confidence (39/100, grade D-) and #246 by equity capitalization ($45.0M). Within this direct 5-issuer industry benchmark cohort, XPL leads on earnings valuation at N/A trailing P/E, while XPL leads on capital efficiency and profitability with -15.5% ROIC and — gross margin. FURY currently holds the highest overall quantitative score in the immediate peer group at 54/100 (D+) compared with XPL at 39/100 (D-).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
XPL ACTIVE
Solitario Resources Corp.
D- 39/100 — — -15.5% +2.11% $45.0M Benchmark Subject
NAMM
Namib Minerals
D 46/100 — — — -2.59% $43.1M /namm-vs-xpl →
SRL
Scully Royalty Ltd.
D 46/100 — — — +1.46% $61.5M /srl-vs-xpl →
USGO
U.S. GoldMining Inc.
E 29/100 — — -35.0% +9.39% $73.3M /usgo-vs-xpl →
FURY
Fury Gold Mines Limited
D+ 54/100 — — — +5.97% $87.9M /fury-vs-xpl →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000917225 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Solitario Resources Corp. (XPL) reported GAAP revenue of $10.5M (+8.6% vs. FY2024 revenue of $9.7M , and -37.8% cumulative change since FY2023) , GAAP net income of -$3.8M, operating cash flow of -$3.6M, and free cash flow of -$3.6M (+30.0% YoY). On the balance sheet, XPL closed FY2025 with $25.0M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 3/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $10.5M -$3.8M -$3.6M -$3.6M $25.0M —
FY2024 (FY) 2024-12-31 $9.7M -$5.4M -$5.1M -$5.1M $23.0M —
FY2023 (FY) 2023-12-31 $16.9M -$3.8M -$3.3M -$3.3M — —

3. XPL Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is XPL stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Solitario Resources Corp. (NYSE: XPL) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 39/100 at a spot price of $0.49 (+2.11% 1D, market cap $45.0M). Pillar breakdown: Fundamental Cash Engine 8/20, Institutional 13F & Options Flow 12/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 3/20. Across 270 tracked Materials issuers, XPL ranks #202 in composite RQD confidence.

How does XPL compare to NAMM and SRL in the Materials sector?

Within the Materials sector (Precious Metals), XPL carries a Roarable D- (39/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of -15.5%. By comparison, NAMM (Namib Minerals) holds a D grade (46/100 RQD, P/E N/A, ROIC —, cap $43.1M) and SRL (Scully Royalty Ltd.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $61.5M). Among the 5-stock peer group, XPL leads on earnings multiple (N/A) while XPL leads on capital efficiency (-15.5% ROIC).

What are the biggest fundamental strengths and SEC risk factors for XPL?

Per XPL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000917225), Solitario Resources Corp. generated $10.5M in revenue (+8.6% YoY), -$3.8M in net income, and -$3.6M in free cash flow against $25.0M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is XPL trading relative to its 50-day, 200-day, and 52-week technical levels?

XPL last traded at $0.49 (+2.11% on volume of 72,950 shares), positioning the stock -16.95% below its 50-day simple moving average ($0.59) and -34.67% below its 200-day simple moving average ($0.75). Across its 52-week range of $0.47 to $0.98, XPL sits at the 3.9% percentile with a 14-day RSI of 36.5 (NEUTRAL RANGE) and an implied next-earnings move of ±8.9% ($1.00 to $0.53).

Direct Sub-Reports: XPL RQD Cockpit XPL 12M Forecast XPL Earnings & Move XPL Dividends & DRIP XPL Insiders & 13F XPL Whale Options XPL Profit Sankey XPL News & Why
ROARABLE RATING BRIEF • RQD 39/100 (D-) ✓ SEC XBRL & RQD VERIFIED

XPL — Solitario Resources Corp.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Solitario Resources Corp. (XPL) earns a live Roarable RQD composite score of 39/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $0.49 (+2.11% 1D, market capitalization $45.0M).

  • Fundamental Cash Engine (8/20): Anchored by return on invested capital (ROIC) of -15.5%, gross margin of —, operating margin of —, and free cash flow yield of -7.50%.
  • Whale 13F & Options Flow (12/20) + Insider Conviction (3/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (6/20) + Forensic Balance Sheet (10/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 3/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Solitario Resources Corp. (XPL) is a NYSE-listed issuer classified in the Materials sector and the Precious Metals industry.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Solitario Resources Corp. (XPL) reported $10.5M in annual revenue (up from $9.7M in FY2024, +8.6% YoY) and -$3.8M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($16.9M revenue, -$3.8M net income) through FY2025, XPL scaled operating cash flow to -$3.6M and free cash flow to -$3.6M, backed by $25.0M in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D- • RQD 39/100): Established market leader in Materials with deep daily trading liquidity. Free cash flow yield of -7.50% and institutional whale pillar of 12/20. With Fundamental Cash Engine at 8/20 and Institutional Whale Flow at 12/20, sustained execution supports upside toward the upper end of the $0.47 – $0.98 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation against — operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

Supply_chain is NONE, butterfly_links is empty, and proprietary_signals is empty. Upstream and downstream dependencies are — Sector correlations are not quantified in the source data. Second-order bottlenecks cannot be identified from the provided sources.

  • Key Question #1: Can XPL sustain or expand its — operating margin and -15.5% ROIC against Precious Metals peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $10.5M and free cash flow of -$3.6M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is XPL's equity valuation to Materials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

XPL Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Solitario Resources Corp. (XPL) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to XPL Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

XPL Bull vs. Bear Conversation Board — What's Your Call at $0.49?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON XPL 🐻 33% BEARISH CONVICTION
1. Pick Your Side on XPL:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
DE DeepValue_CFA RQD DEBATE OPENER • Institutional Buy-Side 🐂 BULLISH 🎯 Target: $0.55 (+14.6%)
📌 Pinned Debate

Institutional accumulation and options positioning contribute 12 of 20 points to the RQD score, indicating some sustained institutional

Institutional accumulation and options positioning contribute 12 of 20 points to the RQD score, indicating some sustained institutional interest.. When you look under the hood at XPL, Fundamental Cash Engine is 8/20 with 0.0% gross margins and -15.5% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (12/20) has been quietly accumulating below $0.98. My 12M target is $0.55.

ArenaChamp_24 🐂 BULL

@SkepticalCFA Fair point on current EV/EBITDA multiples, but you're ignoring the forward operating leverage in Precious Metals. If gross margin (0.0%) holds, EPS grows into the multiple faster than bears think.

SK SkepticalCFA RQD DEBATE OPENER • Fundamental Contrarian 🐻 BEARISH 🎯 Target: $0.41 (-14.6%)
Spot @ $0.48

Zero reported revenue alongside negative FCF of -$3.6M in FY 2025 and a -15.5% ROIC leaves the cash engine unproven.

Fading this rally in XPL at $0.48. Zero reported revenue alongside negative FCF of -$3.6M in FY 2025 and a -15.5% ROIC leaves the cash engine unproven.. With a beta of 1.0 and the stock sitting at $0.48 (52-wk range $0.47–$0.98), the easy multiple expansion is already priced in.

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