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Solution Financial Reports Q3 2025 Financial Results
Newsfileยท 2025-09-11 22:23
Core Viewpoint - Solution Financial Inc. reported its financial results for Q3 2025, highlighting a strong portfolio growth and operational improvements, including advancements in compliance and technology [1][6]. Financial Results - The company reported a net income of $93,077 or $0.001 per share for Q3 2025, a decrease from $181,158 or $0.002 per share in Q3 2024 [2][6]. - Adjusted net income for Q3 2025 was $190,256 or $0.002 per share, down from $298,162 or $0.003 per share in the same quarter of the previous year [3][6]. - Revenue for the quarter was $2,296,637, compared to $4,097,517 in Q3 2024 [6]. Lease Portfolio - As of July 31, 2025, the lease portfolio consisted of 369 vehicles, an increase of 14 vehicles from the previous quarter, with a total portfolio value of $31.6 million [4][6]. - The average remaining lease term for the portfolio was 2.58 years, and the leases generated annualized gross rental and lease cash flows of approximately $7.8 million [4][6]. Operational Highlights - The company emphasized the strength of its core portfolio and progress in operational excellence, including the completion of AML compliance training and AI enhancements in quoting and reporting systems [1][6]. - The renewal of the securitization financing facility in May positions the company for disciplined growth and long-term shareholder value [1][6].