Does Solesence, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores Solesence, Inc. (SLSN) 38.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 33, returns on capital 14, balance-sheet safety 100, capital discipline 24.

Is SLSN stock trading below its intrinsic value?

Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $0.28 per share versus a recent price of $0.78 — 175% above value. This is an educational estimate computed from primary SEC filings, not investment advice.

How has SLSN's Moat Score changed over time?

The record logs 2 readings since Jul 17, 2026; the latest reads 38.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

Solesence, Inc.

SLSN · Materials · $54.7M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power33

Median gross margin 27.7% over 10y, stable.

Returns on capital14

Median ROIC -43.9%, above the 9% hurdle in 40% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline24

Owner earnings trend unclear, share count growing (dilution).

Margin of safety

Above valueOn sale

175% above value

Owner earnings (normalized): $1.8M
Est. intrinsic value / share: $0.28
Recent price: $0.78
Discount to value: 175% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Fundamentals

There's no normalized fundamentals series for SLSN yet — it appears once ingest has processed its filings.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale38.8 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — SLSN has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Materials context

#109 of 214 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

#107TOMZ TOMI ENVIRONMENTAL SOLUTIONS, INC.39.2 out of 100, No moatNo moat
#108EQT EQT Corporation39.1 out of 100, No moatNo moat
#110NWL NEWELL BRANDS INC.38.4 out of 100, No moatNo moat
#111PURE PURE Bioscience, Inc.38.1 out of 100, No moatNo moat

Compare SLSN with its nearest peers →All Materials companies on the Index →

Common questions about SLSN

Does Solesence, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores Solesence, Inc. (SLSN) 38.8 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 33, returns on capital 14, balance-sheet safety 100, capital discipline 24.
Is SLSN stock trading below its intrinsic value?: Against a deliberately conservative owner-earnings model (9% discount rate, 0% assumed growth, capped at 4%), estimated intrinsic value is $0.28 per share versus a recent price of $0.78 — 175% above value. This is an educational estimate computed from primary SEC filings, not investment advice.
How has SLSN's Moat Score changed over time?: The record logs 2 readings since Jul 17, 2026; the latest reads 38.8 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows SLSN’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/SLSN"
  width="340" height="150" style="border:0"
  title="SLSN Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SLSN. See the disclaimer.