Soluna Holdings, Inc. financials
Source: EDGAR filings · Built 2026-06-19T03:09:16Z
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -37.33M | -13.92M | -15.69M | -69.80M | -41.16M | -2.02M |
| EBITDA | -24.07M | -37.91M | -10.73M | -75.28M | -2.90M | -1.56M |
| Working Capital | 42.94M | -34.38M | -13.89M | -25.75M | 9.30M | 3.14M |
| Net Debt | -47.16M | 13.97M | 13.63M | 21.39M | -2.72M | -2.20M |
| Gross Margin | 6.05% | -62.43% | 13.15% | -27.88% | — | -348.57% |
| Operating Margin | -113.34% | -124.99% | -96.08% | -297.02% | -31.20% | -275.97% |
| Net Margin | -179.73% | -166.58% | -138.62% | -345.80% | -36.67% | 327.06% |
| Return on Equity (ROE) | -99.74% | 507.52% | -110.13% | -235.79% | -5.78% | 32.89% |
| Return on Assets (ROA) | -28.42% | -71.94% | -31.99% | -116.19% | -4.47% | 22.50% |
| Current Ratio | 1.87× | 0.28× | 0.51× | 0.13× | 1.59× | 2.92× |
| Debt-to-Equity | 0.55× | -1.75× | 0.75× | 0.54× | 0.08× | 0.07× |
| Effective Tax Rate | 3.91% | 4.09% | 3.71% | 1.24% | -0.69% | 21.53% |
| Cash Conversion Ratio | 0.17× | 0.08× | 0.10× | 0.06× | -0.88× | -0.62× |
| Accruals Ratio | -0.24× | -0.66× | -0.29× | -1.09× | -0.08× | 0.37× |
| SBC % of Revenue | 35.56% | 13.97% | 20.47% | 12.87% | 13.53% | 6.72% |
| CapEx Coverage | -0.32× | -0.57× | -0.24× | -0.10× | 0.10× | -1.51× |
| Free Cash Flow Per Share | $-1.29 | $-0.00 | $-0.01 | $-0.12 | $-3.48 | $-0.00 |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 29.72M | 38.02M | — | — | — | — |
| Revenues | — | 38.02M | 21.07M | 28.55M | 14.35M | 595.00K |
| Cost of Goods and Services Sold | — | — | 15.83M | 36.51M | — | 2.67M |
| Cost of Revenue | 23.26M | 28.63M | 15.83M | — | — | — |
| Gross Profit | 1.80M | -23.74M | 2.77M | — | — | — |
| Research and Development Expense | — | — | — | — | — | 1.49M |
| Selling, General and Administrative Expense | 40.13M | 28.19M | 24.90M | 28.71M | 10.75M | 1.83M |
| Operating Income (Loss) | -33.68M | -47.52M | -20.24M | -84.79M | -4.48M | -1.64M |
| Income Tax Expense (Benefit) | -2.32M | -2.49M | -1.07M | -1.35M | 44.00K | -332.00K |
| Net Income (Loss) Attributable to Parent | -53.41M | -63.33M | -29.20M | -98.72M | -5.26M | 1.95M |
| Earnings Per Share, Basic | $-2.38 | $-14.94 | $-27.79 | $-174.41 | $-0.50 | $0.20 |
| Weighted Average Number of Shares Outstanding, Basic | 29.05M | 5.11B | 1.31B | 599.30M | 11.84B | 9.58B |
| Earnings Per Share, Diluted | $-2.38 | $-14.94 | $-27.79 | $-174.41 | $-0.50 | $0.20 |
| Weighted Average Number of Shares Outstanding, Diluted | 29.05M | 5.11B | 1.31B | 599.30M | 11.84M | 9.58B |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Assets, Current | 92.13M | 13.49M | 14.28M | 3.76M | 24.98M | 4.78M |
| Assets | 187.94M | 88.04M | 91.28M | 84.96M | 117.69M | 8.65M |
| Long-term Debt | 17.90M | 7.06M | — | 13.00M | — | — |
| Liabilities, Current | 49.19M | 47.87M | 28.18M | 29.52M | 15.68M | 1.64M |
| Long-term Debt, Excluding Current Maturities | 17.90M | 7.06M | — | — | — | — |
| Liabilities | 75.70M | 60.68M | 37.92M | 38.69M | 26.71M | 2.73M |
| Stockholders' Equity Attributable to Parent | 53.55M | -12.48M | 26.51M | 41.87M | 90.99M | 5.92M |
| Common Stock, Shares, Outstanding | 102.53M | 10.61M | 2.51M | 747,837 | 13.75M | 10.75M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -9.15M | -5.07M | -2.99M | -6.12M | 4.63M | -1.21M |
| Payments to Acquire Property, Plant, and Equipment | 28.07M | 8.85M | 12.71M | 63.68M | 45.79M | 805.00K |
| Net Cash Provided by (Used in) Investing Activities | -31.85M | -13.16M | -10.33M | -54.71M | -57.27M | -1.83M |
| Payments for Repurchase of Common Stock | 75.00K | 0 | — | — | — | — |
| Payments of Dividends | — | — | — | — | 630.00K | — |
| Net Cash Provided by (Used in) Financing Activities | 119.39M | 18.32M | 21.86M | 42.94M | 59.38M | 83.00K |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -8.94M | -16.73M | -20.49M | -13.64M | -3.71M | -6.80M |
| EBITDA | -14.22M | -9.70M | -5.38M | -4.22M | -4.77M | -32.84M |
| Working Capital | 38.81M | 42.94M | 10.21M | -30.87M | -31.80M | -34.38M |
| Net Debt | -40.58M | -47.16M | -34.44M | 3.66M | 4.99M | 13.97M |
| Gross Margin | 5.23% | — | 9.53% | 6.32% | 5.69% | -360.66% |
| Operating Margin | -176.99% | — | -92.45% | -107.57% | -120.91% | -426.02% |
| Net Margin | -185.93% | — | -284.68% | -119.88% | -127.29% | -483.76% |
| Return on Equity (ROE) | -36.97% | -27.11% | -165.53% | 37.94% | 47.03% | 320.67% |
| Return on Assets (ROA) | -9.17% | -7.72% | -15.76% | -8.03% | -8.39% | -45.45% |
| Current Ratio | 1.75× | 1.87× | 1.18× | 0.35× | 0.33× | 0.28× |
| Debt-to-Equity | 0.59× | 0.55× | 1.17× | -0.70× | -0.88× | -1.75× |
| Effective Tax Rate | 3.37% | 3.71% | 2.52% | 7.25% | 5.46% | 1.90% |
| Cash Conversion Ratio | 0.36× | 0.39× | 0.15× | 0.17× | 0.02× | 0.04× |
| Accruals Ratio | -0.06× | -0.05× | -0.13× | -0.07× | -0.08× | -0.44× |
| SBC % of Revenue | 108.81% | — | 67.39% | 61.53% | 31.12% | 24.48% |
| CapEx Coverage | -2.48× | -0.51× | -0.20× | -0.10× | -0.05× | -0.32× |
| Free Cash Flow Per Share | $-0.11 | $-0.58 | $-0.76 | $-0.00 | $-0.00 | $-0.00 |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 9.39M | — | — | — | 5.94M | — |
| Revenues | — | — | 8.41M | 6.16M | 5.94M | 8.27M |
| Cost of Revenue | 7.48M | 7.44M | 6.09M | 4.97M | 4.76M | 8.56M |
| Gross Profit | 491.00K | 552.00K | 802.00K | 389.00K | 338.00K | -29.83M |
| Selling, General and Administrative Expense | 18.54M | 13.87M | 10.11M | 7.80M | 8.35M | 6.36M |
| Operating Income (Loss) | -16.63M | -12.10M | -7.78M | -6.62M | -7.18M | -35.24M |
| Income Tax Expense (Benefit) | -624.00K | -619.00K | -666.00K | -608.00K | -425.00K | -744.00K |
| Net Income (Loss) Attributable to Parent | -17.47M | -14.52M | -23.96M | -7.38M | -7.56M | -40.02M |
| Earnings Per Share, Basic | $-0.24 | $0.91 | $-1.14 | $-0.93 | $-1.21 | $-7.79 |
| Weighted Average Number of Shares Outstanding, Basic | 84.10M | 29.05M | 26.98M | 11.15B | 8.72B | 5.11B |
| Earnings Per Share, Diluted | $-0.24 | $0.91 | $-1.14 | $-0.93 | $-1.21 | $-7.79 |
| Weighted Average Number of Shares Outstanding, Diluted | 84.10M | 29.05M | 26.98M | 11.15B | 8.72B | 5.11B |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Assets, Current | 90.72M | 92.13M | 66.41M | 16.98M | 15.76M | 13.49M |
| Assets | 190.42M | 187.94M | 152.03M | 91.95M | 90.05M | 88.04M |
| Long-term Debt | 15.91M | 17.90M | 13.25M | 10.02M | 10.19M | 7.06M |
| Liabilities, Current | 51.91M | 49.19M | 56.19M | 47.85M | 47.56M | 47.87M |
| Long-term Debt, Excluding Current Maturities | 15.91M | 17.90M | — | — | — | 7.06M |
| Liabilities | 76.06M | 75.70M | 78.57M | 62.63M | 63.06M | 60.68M |
| Stockholders' Equity Attributable to Parent | 47.25M | 53.55M | 14.47M | -19.46M | -16.07M | -12.48M |
| Common Stock, Shares, Outstanding | 111.72M | 102.53M | 64.05M | 19.06M | 12.51M | 10.61M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -6.37M | -5.67M | -3.48M | -1.27M | -177.00K | -1.66M |
| Payments to Acquire Property, Plant, and Equipment | 2.56M | 11.06M | 17.01M | 12.37M | 3.53M | 5.14M |
| Net Cash Provided by (Used in) Investing Activities | -6.22M | -13.72M | -18.13M | -8.35M | -3.64M | -5.47M |
| Payments for Repurchase of Common Stock | 56.00K | -87.00K | 162.00K | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | 9.74M | 47.78M | 71.61M | 14.32M | 7.81M | 5.38M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (SLNH CIK 0000064463),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.