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SLNH · Nasdaq · United States · Finance Services
In shortSoluna Holdings, Inc is loss-making.
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it. Bank or insurer: tests that do not apply to them are left out.
| Operating marginShare of each sale left after running the business, before interest and tax. | -113.3% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -179.7% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -260.1% | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -125.2% | n/a |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | n/a |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 5 | 33/100 |
| Revenue growth volatility | 1020.4% | 0/100 |
| Operating margin volatility | 98.8% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 1.3% | 24/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 14 | 29 | 21 | 38 | 30 |
| Cost of revenue | – | 37 | 16 | 29 | 23 |
| Gross profit | – | (8) | 2.8 | (24) | 1.8 |
| Selling, general & admin | 11 | 29 | 25 | 28 | 40 |
| Operating income | (4.5) | (85) | (20) | (48) | (34) |
| Interest expense | 1.9 | 8.4 | 2.7 | 2.5 | 4.8 |
| Pre-tax income | (6.3) | (108) | (29) | (61) | (59) |
| Income tax | 0 | (1.3) | (1.1) | (2.5) | (2.3) |
| Net income | (5.3) | (99) | (29) | (63) | (53) |
| Diluted EPS | −$0.50 | −$174.41 | −$27.79 | −$14.94 | −$2.38 |
| Diluted shares (millions) | 12 | 0.6 | 1.3 | 5.1 | 29 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Soluna Holdings, Inc are included in the Investor plan. Try free for 7 days →
Not computed: the model does not apply to banks and insurers.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 13, 2026