SOLUNA HOLDINGS, INC. (SLNHP)

12.12 -0.04% (-0.01)

Over 3Y: +854.3%

2026-08-28
Style
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5 10
2023 2024 2025 2026

Financials Quarterly

Figures
Revenue Gross Profit Operating Income Cost of Revenue Operating Cash Flow Free Cash Flow Net Income

A share count and earnings a share are not here: neither is money, so neither can share this axis. Both have their own panel on All charts.

All charts ›
Q3 '21 — Revenue: 3.1M Q3 '21 — Operating Cash Flow: 1.6M Q3 '21 — Free Cash Flow: -14.7M Q3 '21 — Net Income: -610K Q4 '21 — Revenue: 8.6M Q4 '21 — Operating Cash Flow: 2.3M Q4 '21 — Free Cash Flow: -25.9M Q4 '21 — Net Income: -2.8M Q1 '22 — Revenue: 9.3M Q1 '22 — Operating Cash Flow: 801K Q1 '22 — Free Cash Flow: -24.6M Q1 '22 — Net Income: -8.9M Q2 '22 — Revenue: 8.7M Q2 '22 — Operating Cash Flow: 962K Q2 '22 — Free Cash Flow: -26.2M Q2 '22 — Net Income: -6.6M Q3 '22 — Revenue: 6.4M Q3 '22 — Operating Cash Flow: -6.9M Q3 '22 — Free Cash Flow: -16.1M Q3 '22 — Net Income: -55.9M Q4 '22 — Revenue: 4.2M Q4 '22 — Operating Cash Flow: -997K Q4 '22 — Free Cash Flow: -2.8M Q4 '22 — Net Income: -27.4M Q1 '23 — Revenue: 3.1M Q1 '23 — Operating Cash Flow: -3.1M Q1 '23 — Free Cash Flow: -3.9M Q1 '23 — Net Income: -7.1M Q2 '23 — Revenue: 2.1M Q2 '23 — Operating Cash Flow: -783K Q2 '23 — Free Cash Flow: -2.8M Q2 '23 — Net Income: -8.8M Q3 '23 — Revenue: 5.8M Q3 '23 — Operating Cash Flow: -568K Q3 '23 — Free Cash Flow: -10.2M Q3 '23 — Net Income: -6.7M Q4 '23 — Revenue: 10.1M Q4 '23 — Operating Cash Flow: 1.4M Q4 '23 — Free Cash Flow: 1.2M Q4 '23 — Net Income: -6.7M Q1 '24 — Revenue: 12.5M Q1 '24 — Operating Cash Flow: 3.9M Q1 '24 — Free Cash Flow: 3.3M Q1 '24 — Net Income: -5.3M Q2 '24 — Revenue: 9.7M Q2 '24 — Operating Cash Flow: -7.3M Q2 '24 — Free Cash Flow: -7.6M Q2 '24 — Net Income: -10.9M Q3 '24 — Revenue: 7.5M Q3 '24 — Operating Cash Flow: 61K Q3 '24 — Free Cash Flow: -3.4M Q3 '24 — Net Income: -7.2M Q4 '24 — Revenue: 8.3M Q4 '24 — Operating Cash Flow: -1.7M Q4 '24 — Free Cash Flow: -6.8M Q4 '24 — Net Income: -40M Q1 '25 — Revenue: 5.9M Q1 '25 — Operating Cash Flow: -177K Q1 '25 — Free Cash Flow: -3.7M Q1 '25 — Net Income: -7.6M Q2 '25 — Revenue: 6.2M Q2 '25 — Operating Cash Flow: -1.1M Q2 '25 — Free Cash Flow: -5.4M Q2 '25 — Net Income: -7.4M Q3 '25 — Revenue: 8.4M Q3 '25 — Operating Cash Flow: -2.2M Q3 '25 — Free Cash Flow: -11.4M Q3 '25 — Net Income: -24M Q4 '25 — Revenue: 9.2M Q4 '25 — Operating Cash Flow: -5.7M Q4 '25 — Free Cash Flow: -16.7M Q4 '25 — Net Income: -14.5M Q1 '26 — Revenue: 9.4M Q1 '26 — Operating Cash Flow: -6.4M Q1 '26 — Free Cash Flow: -8.9M Q1 '26 — Net Income: -17.5M Q2 '26 — Revenue: 15.1M Q2 '26 — Operating Cash Flow: -5.2M Q2 '26 — Free Cash Flow: -12.1M Q2 '26 — Net Income: -20.7M -45M -30M -15M 0 15M 30M
Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26
Revenue Operating Cash Flow Free Cash Flow Net Income

Figures as at 2025-12-31, reported in USD. The newest fact in the filings is dated 2026-06-30, 61 days ago. Nothing on this page is advice.

How it scores

Five questions, each answered by the measures under it. Every figure is the company's own; the bar beside it is where that figure sits among the companies read here — the top fifth, the bottom fifth, or somewhere between. Not among all listed companies, and for a valuation multiple the low end is the good end.

Quality

How much of the revenue is really kept — and what did it take to earn it?

0.6
SBC / sales 89.1%
OE margin -254.6%
Oper. margin -179.9%
ROIC -22.7%
Accruals -19.5%
Capex / sales 100.1%
EBITDA margin -147.5%
FCF margin -165.5%
OCF margin -65.4%
Profit margin -257.9%
ROA -26.1%
ROCE -23.4%
ROE -49.2%
OCF / EBIT —

5 of 17 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Valuation

What does the price ask for what the company earns, owns and pays out?

0.5
Div. yield —
EV/EBIT —
EV/GP —
EV/OE —
EV/Sales —
FCF yield —
Fwd P/E —
P/B —
P/C —
P/E —
PEG —

0 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Durability

How predictable is the revenue, and how much of it is already committed?

3.7
RPO / sales 0.65×
Segment HHI 0.52 HHI
RPO growth —

4 of 7 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Resilience

Can the balance sheet absorb a bad year?

4.0
ND/EBITDA —
Interest cover -15.1×
Quick ratio 2.0×
Debt / Eq 0.22×
Net debt / Eq 0.19×
Cash / Debt 0.13×
F-score 4.0 pts
Cash runway —
Debt payback —
Payout —

3 of 12 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

Growth

Is the business getting bigger, and is it getting more profitable?

3.4
Sales CAGR 4Y +20.0%
Sales/sh Y/Y -86.3%
Sales Q/Q +11.8%
Shares change +469.2%
Div. growth —
EBIT CAGR —
EBIT Y/Y —
EPS CAGR 4Y —
EPS Y/Y —
EPS next Y —

4 of 13 counted in the score. The rest are measures this model does not include here, or figures these filings do not carry — switch any of them on and the score changes.

A measure absent from a block could not be computed from this company's filings. It is left out rather than scored as though it were bad, and the dimension is averaged over what remains. A score is measured against a fixed scale this model states; the bar is measured against the other companies, so the two can disagree — and where they do, that disagreement is the more interesting figure.