SLNH
Soluna Holdings Inc
NASDAQ: SLNH · FINANCIAL SERVICES · CAPITAL MARKETS
$1.66
+29.69% today
Updated 2026-04-30
Market cap
$123.32M
P/E ratio
—
P/S ratio
4.15x
EPS (TTM)
$-2.38
Dividend yield
—
52W range
$0 – $5
Volume
8.9M
Soluna Holdings Inc (SLNH) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.16M | $10.58M | $7.38M | $8.31M | $8.41M | $10.29M | $5.90M | $8.35M | $8.78M | $6.33M | $7.06M | $7.06M | $8.06M | $6.57M | $595000.00 | $14.35M | $28.55M | $21.07M | $38.02M | $29.72M |
| Revenue growth (YoY) | — | +29.8% | -30.3% | +12.6% | +1.3% | +22.3% | -42.7% | +41.6% | +5.1% | -27.9% | +11.5% | +0.1% | +14.2% | -18.5% | -90.9% | +2310.9% | +99.0% | -26.2% | +80.5% | -21.8% |
| Cost of revenue | $2.90M | $3.43M | $3.18M | $2.67M | $2.93M | $3.78M | $2.97M | $3.25M | $3.28M | $2.48M | $2.72M | $2.23M | $2.33M | $2.21M | $405000.00 | $8.07M | $3.57M | $5.60M | $15.10M | $7.41M |
| Gross profit | $5.26M | $7.15M | $4.20M | $5.64M | $5.48M | $6.51M | $2.93M | $5.10M | $5.50M | $3.85M | $4.33M | $4.83M | $5.74M | $4.37M | $190000.00 | $6.28M | $24.98M | $15.46M | $22.92M | $-3.15M |
| Gross margin | 64.4% | 67.6% | 56.9% | 67.9% | 65.2% | 63.3% | 49.7% | 61.0% | 62.6% | 60.9% | 61.4% | 68.4% | 71.1% | 66.4% | 31.9% | 43.7% | 87.5% | 73.4% | 60.3% | -10.6% |
| R&D | $12.92M | $11.77M | $8.26M | $5.44M | $3.85M | $1.47M | $1.36M | $1.32M | $1.35M | $1.55M | $1.24M | $1.15M | $1.24M | $1.38M | $1.49M | $1.52M | $398000.00 | — | — | — |
| SG&A | — | — | — | — | — | — | — | — | — | — | — | $3.09M | — | $2.73M | $3.58M | $9.17M | $19.20M | $15.39M | $18.58M | $30.52M |
| Operating income | $-17.74M | $-13.35M | $-12.44M | $-3.09M | $-3.39M | $52000.00 | $-2.24M | $361000.00 | $565000.00 | $-1.47M | $-361000.00 | $588000.00 | $1.52M | $259000.00 | $-1.64M | $-4.48M | $-84.79M | $-20.24M | $-47.52M | $-33.67M |
| Operating margin | -217.5% | -126.1% | -168.6% | -37.2% | -40.3% | 0.5% | -38.0% | 4.3% | 6.4% | -23.2% | -5.1% | 8.3% | 18.9% | 3.9% | -276.0% | -31.2% | -297.0% | -96.1% | -125.0% | -113.3% |
| EBITDA | $-11.88M | $-12.22M | $-9.94M | $-2.69M | $-2.91M | $407000.00 | $-1.95M | $452000.00 | $513000.00 | $-1.39M | $-283000.00 | $669000.00 | $1.62M | $382000.00 | $-1.38M | $-593000.00 | $-8.45M | $-6.29M | $-31.75M | $-37.94M |
| EBITDA margin | -145.6% | -115.5% | -134.7% | -32.4% | -34.6% | 4.0% | -33.1% | 5.4% | 5.8% | -22.0% | -4.0% | 9.5% | 20.1% | 5.8% | -231.1% | -4.1% | -29.6% | -29.9% | -83.5% | -127.7% |
| EBIT | $-12.98M | $-13.35M | $-10.76M | $-3.35M | $-3.39M | $100000.00 | $-2.08M | $361000.00 | $430000.00 | $-1.47M | $-368000.00 | $588000.00 | $1.52M | $295000.00 | $-1.54M | $-4.46M | $-36.67M | $-19.67M | $-47.39M | $-54.47M |
| Interest expense | $10.72M | $12.06M | $44000.00 | $222000.00 | $1.64M | $786000.00 | $1000.00 | $3.33M | $270000.00 | $4000.00 | $14000.00 | $0.00 | $0.00 | $36000.00 | $104000.00 | $1.88M | $8.38M | $2.75M | $2.53M | $4.83M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 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% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-13.67M | $-9.57M | $-12.50M | $-3.10M | $-1.76M | $2.39M | $-2.09M | $3.65M | $740000.00 | $-2.83M | $-359000.00 | $582000.00 | $1.94M | $323000.00 | $1.95M | $-5.26M | $-98.72M | $-29.20M | $-63.33M | $-53.41M |
| Net income growth (YoY) | — | +29.9% | -30.6% | +75.2% | +43.3% | +235.7% | -187.4% | +275.2% | -79.7% | -482.7% | +87.3% | +262.1% | +232.6% | -83.3% | +502.5% | -370.3% | -1776.4% | +70.4% | -116.9% | +15.7% |
| Profit margin | -167.6% | -90.5% | -169.5% | -37.3% | -20.9% | 23.2% | -35.4% | 43.8% | 8.4% | -44.7% | -5.1% | 8.2% | 24.0% | 4.9% | 327.1% | -36.7% | -345.8% | -138.6% | -166.6% | -179.7% |