SequelSEC

Soluna Holdings, Inc SLNH

Finance Services · CIK 0000064463 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$15.06M
Fiscal year ended 2026-06-30
Net income
-$20.71M
Fiscal year ended 2026-06-30
Total assets
$293.51M
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$8.28MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$0.07Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.3×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.1×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Finance Services filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Long-term debt / equity0.16x11th
CapEx / revenue94.4%88th
Gross margin6.1%19th
Revenue YoY growth-21.8%20th
SBC / revenue35.6%70th
FCF margin-125.2%36th
Net margin-179.7%44th
Operating margin-113.3%55th
Current ratio1.87x52th

Soluna Holdings, Inc (SLNH) reported revenue of $15.06M and net income of -$20.71M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from Soluna Holdings, Inc’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Finance Services.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

Soluna Holdings, Inc income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Revenue$15.06M$9.39MUnavailable$8.42M$6.16M$5.94M$8.27M$7.52M$9.68M$12.55M
Cost of revenueUnavailableUnavailable$7.44MUnavailableUnavailableUnavailable$8.56MUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailable$552.00KUnavailableUnavailableUnavailable-$29.83MUnavailableUnavailableUnavailable
Operating income-$16.94M-$16.63M-$12.10M-$7.78M-$6.62M-$7.18M-$35.24M-$9.02M-$3.68M$407.00K
Net income-$20.71M-$17.47M-$14.52M-$23.96M-$7.38M-$7.56M-$40.02M-$7.19M-$10.87M-$5.25M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 130.98Mshares 84.10MUnavailableshares 26.98Mshares 11.15Mshares 8.72MUnavailableshares 6.39Mshares 3.75Mshares 2.81M
Pretax income-$23.17M-$18.53M-$16.69M-$26.45M-$8.39M-$7.78M-$39.26M-$8.64M-$9.79M-$3.09M
Income tax expense-$547.00K-$624.00K-$619.00K-$666.00K-$608.00K-$425.00K-$744.00K-$547.00K-$649.00K-$548.00K
Diluted EPS$-0.18$-0.24Unavailable$-1.14$-0.93$-1.21Unavailable$-1.56$-3.62$-2.62
Selling, general & administrative$17.64M$18.54M$13.87M$10.11M$7.80M$8.35M$6.36M$7.65M$7.78M$6.40M
General & administrative$15.24M$16.14M$11.47M$7.71M$5.40M$5.95M$3.96M$5.25M$5.38M$3.99M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Soluna Holdings, Inc balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Cash & equivalentsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total assets$293.51M$190.42M$187.94M$152.04M$91.95M$90.05M$88.04M$97.35M$98.68M$90.64M
Current assets$134.62M$90.72M$92.13M$66.40M$16.98M$15.76M$13.50M$18.52M$27.48M$17.00M
Total liabilities$81.82M$76.06M$75.70M$78.57M$62.63M$63.06M$60.68M$45.75M$48.74M$41.79M
Current liabilities$65.44M$51.91M$49.19M$56.19M$47.85M$47.56M$47.87M$31.34M$32.53M$32.50M
Total equity incl. NCI$210.38M$113.04M$110.93M$73.46M$29.32M$26.99M$27.36M$51.60M$49.93M$48.85M
Temporary (mezzanine) equity$1.31M$1.31M$1.31M$0$0$0$0UnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$6.74M$5.46M$5.52M$4.41M$2.65M$2.36M$2.69M$2.04M$3.43M$4.43M
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$3.02M$15.91M$17.90M$13.25M$10.02M$10.19M$7.06M$8.10M$9.03MUnavailable
Accounts payable$3.78M$4.22M$4.86M$4.86M$3.94M$3.32M$2.84M$3.39M$2.45M$2.53M

Cash flow

Soluna Holdings, Inc cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Operating cash flow-$5.18M-$6.37M-$5.67M-$2.21M-$1.10M-$177.00K-$1.66M$61.00K-$7.32M$3.85M
Capital expenditures$6.92M$2.56M$11.06M$9.22M$4.26M$3.53M$5.14M$3.43M-$246.00K$524.00K
Investing cash flow-$58.84M-$6.22M-$13.72M-$9.78M-$4.71M-$3.64M-$5.47M-$5.47M-$1.40M-$827.00K
Financing cash flow$109.33M$9.74M$47.78M$57.29M$6.51M$7.81M$5.38M$5.10M$9.83M-$2.00M
Net change in cash$45.30M-$2.86M$28.38M$45.31M$705.00K$4.00M-$1.75M-$302.00K$1.12M$1.03M
Stock-based compensation$9.48M$10.22M$4.90M$1.88M$1.94M$1.85M$2.02M$1.26M$1.37M$661.00K
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$75.00K$56.00K-$87.00K$162.00K$0$0UnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$2.40M$2.40M$2.40M$2.40M$2.40M$2.40M$2.40M$2.40M$2.40M$2.40M

Derived

Soluna Holdings, Inc derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Free cash flow-$12.10M-$8.94M-$16.73M-$11.42M-$5.35M-$3.71M-$6.80M-$3.37MUnavailable$3.33M
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating margin-112.5%-177.0%Unavailable-92.5%-107.6%-120.9%Unavailable-119.8%-38.0%3.2%
FCF margin-80.4%-95.1%Unavailable-135.8%-86.9%-62.5%-82.2%-44.8%Unavailable26.5%
SBC / revenue62.9%108.8%Unavailable22.4%31.5%31.1%Unavailable16.7%14.1%5.3%
Current ratio2.06x1.75x1.87x1.18x0.35x0.33x0.28x0.59x0.84x0.52x
Revenue YoY growth144.6%58.3%Unavailable11.8%-36.4%-52.7%-18.2%29.8%367.8%307.2%
Net margin-137.5%-185.9%Unavailable-284.7%-119.9%-127.3%Unavailable-95.5%-112.4%-41.9%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue45.9%27.3%Unavailable109.5%69.1%59.5%Unavailable45.6%-2.5%4.2%
Long-term debt / equity0.01xUnavailable0.16xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open SLNH in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-13View SEC filing
10-Q · Filed 2026-05-15View SEC filing
10-K · Filed 2026-03-30View SEC filing
10-Q · Filed 2025-11-14View SEC filing
10-Q · Filed 2025-08-14View SEC filing
10-Q · Filed 2025-05-15View SEC filing

Companies in the same industry

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Reconciliation checks needing review

8 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

gross profit bridgeinconsistent2026-06-30

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2026-03-31

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-09-30

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-06-30

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2025-03-31

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-09-30

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-06-30

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-03-31

Withheld: cost revenue could not be reconciled with the rest of this filer’s statement.