Saltlux솔트룩스

Saltlux remains loss-making on a trailing basis, and its shares have fallen sharply over the past year.

Saltlux is a Korean AI software company whose trailing twelve-month revenue is about ₩49.3B, with an operating loss of ₩7.2B and a net loss of ₩9.9B through H1 2026. The share price closed at ₩12,510 on 2026-10-21, down 60.2% over one year but up 17.9% over three months. The data shows no fair value estimate, no P/E because earnings are negative, and no dividend.

What stands out

• Revenue fell 9.4% in 2025 to about ₩41.6B after a 49% rise in 2024, and operating losses have persisted every year in the data since 2021.
• Trailing operating margin is -14.6% and net margin is -20%, and free cash flow is negative at about -₩5.9B.
• Cash of about ₩26.8B exceeds borrowings of about ₩8.0B, while liabilities are 61.9% of equity.
• Price-to-book is 2.5 and price-to-sales is 3.2, compared with peer P/E ratios mostly between 7 and 11 for gaming companies, though the peer set is not a direct match for an AI software business.
• Foreign ownership fell from 6.4% to 3.4% over 60 days, while retail investors were net sellers of about ₩2.8B over the last 20 days.
• Filings in October 2026 include a 5%+ holding report and several insider shareholding reports, and the data includes no news headlines.

What to watch

• The Q3 2026 quarterly report, which the data does not yet show a date for, will show whether losses are narrowing.
• Further 5%+ holding or insider shareholding filings could signal changes in ownership.
• Continued negative free cash flow and reliance on existing cash reserves are risks named by the financial figures.