SLNH - NASDAQ

Soluna Holdings, Inc.

SLNH·NASDAQ

$1.65

-6.7%

TechnologyHardware, Equipment & Parts

Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$260.28M

EPS-2.3800

P/E Ratio-0.64

Earnings Date08/13/2026

29.72M

Revenue

-22%

3Y+4.0%

5Y+4894.0%

10Y+321.0%

-53.41M

Net Income

-16%

3Y-46.0%

5Y-2845.0%

10Y+14778.0%

-9.15M

Operating Cash Flow

80%

3Y+59.0%

5Y-581.0%

10Y-1853.0%

Soluna Holdings, Inc. Profit Bridge

SLNH · NASDAQ

Revenue & Cost of Sales

Revenue29.72M

Cost of Goods Sold (7.41M)

Gross Profit-3.15M

Operating Expenses

Operating Expenses (30.52M)

Operating Income-33.67M

Other Income & Taxes

Interest Expense (4.83M)

Other Income/Expense-25.64M

Pretax Income-59.31M

Income Tax (-2.32M)

Net Income-53.41M

Net Income

-53.41M

Profitability Analysis

Gross Margin

-10.6%

Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.

Operating Margin

-113.3%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-179.7%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

Soluna Holdings, Inc. Income Statement

SLNH • NASDAQ

Soluna Holdings, Inc. Income Statement	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
REVENUE
Revenue	29.7M	38M	21.1M	28.5M	14.3M	595K	6.6M	8.1M	7.1M	7.1M	6.3M	8.8M	8.4M	5.9M	10.3M	8.4M	8.3M	7.4M	10.6M	8.2M
GROSS PROFIT
Cost of Revenue	(7.4M)	(15.1M)	(5.6M)	(3.6M)	(8.1M)	(405K)	(2.2M)	(2.3M)	(2.2M)	(2.7M)	(2.5M)	(3.3M)	(3.3M)	(3M)	(3.8M)	(2.9M)	(2.7M)	(3.2M)	(3.4M)	(2.9M)
Gross Profit	-3.2M	22.9M	15.5M	25M	6.3M	190K	4.4M	5.7M	4.8M	4.3M	3.9M	5.5M	5.1M	2.9M	6.5M	5.5M	5.6M	4.2M	7.2M	5.3M
OPERATING INCOME
Operating Expenses	(30.5M)	(70.4M)	(35.7M)	(109.8M)	(10.8M)	(1.8M)	(4.1M)	(4.2M)	(4.2M)	(4.7M)	(5.3M)	(4.9M)	(4.7M)	(5.2M)	(6.5M)	(8.9M)	(8.7M)	(16.6M)	(20.5M)	(23M)
Selling, General & Administrative	(30.5M)	(47.2M)	(15.7M)	(19.3M)	(9.2M)	(1.8M)	(2.7M)	(3M)	(3.1M)	(3.5M)	(3.8M)	(3.6M)	(3.4M)	(3.8M)	(5M)	(5M)	(3.3M)	(8.4M)	(8.7M)	(10.1M)
Research & Development	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(1.5M)	(1.4M)	(1.2M)	(1.1M)	(1.2M)	(1.5M)	(1.3M)	(1.3M)	(1.4M)	(1.5M)	(3.9M)	(5.4M)	(8.3M)	(11.8M)	(12.9M)
Operating Income	-33.7M	-47.5M	-20.2M	-84.8M	-4.5M	-1.6M	259K	1.5M	588K	-361K	-1.5M	565K	361K	-2.2M	52K	-3.4M	-3.1M	-12.4M	-13.3M	-17.7M
PRE-TAX INCOME
Interest Expense	(4.8M)	(2.5M)	(2.7M)	(8.4M)	(1.9M)	(0.0)	(0.0)	(0.0)	(0.0)	(14K)	(4K)	(0.0)	(0.0)	(1K)	(0.0)	(0.0)	(222K)	(44K)	(0.0)	(0.0)
Net Interest Income	-4.8M	-2.5M	-2.7M	-8.4M	-1.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	-1K	0.0	0.0	-222K	-44K	0.0	0.0
Other Expenses	(0.0)	(23.2M)	(20M)	(90.5M)	(1.6M)	-1.5M	(36K)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Total Other Income Expenses Net	-25.6M	-13.3M	-8.5M	-23.6M	-1.9M	100K	36K	21K	0.0	-7K	-2K	135K	3.3M	161K	48K	0.0	-485K	1.7M	5.7M	4.8M
Income Before Tax	-59.3M	-60.8M	-28.8M	-108.4M	-6.3M	-1.5M	295K	1.5M	588K	-368K	-1.5M	700K	3.6M	-2.1M	100K	-3.4M	-3.6M	-10.8M	-7.6M	-13M
NET INCOME
Income Tax Expense	-2.3M	-2.5M	-1.1M	-1.3M	(44K)	-332K	-28K	-392K	(6K)	-9K	(1.4M)	-40K	(35K)	(6K)	-1.5M	(4K)	-208K	(2M)	(2.5M)	(1.9M)
Net Income	-53.4M	-63.3M	-29.2M	-98.7M	-5.3M	1.9M	323K	1.9M	582K	-359K	-2.8M	740K	3.7M	-2.1M	2.4M	-1.8M	-3.1M	-12.5M	-9.6M	-13.7M

SEC Filings

SLNH - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 20, 2026	May 19, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 18, 2026	May 18, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	May 15, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	April 30, 2026	2026	View Filing
S-3 S-3 N/A	April 29, 2026	April 29, 2026		View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 21, 2026	April 21, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 17, 2026	April 15, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 16, 2026	April 16, 2026	2026	View Filing

Showing 1 to 10 of 561 filings

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