SLNHNasdaqFinance ServicesFiscal year ends December 31Also trades as SLNHP
Soluna Holdings, Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 13, 2026
$0.59−0.08 (-11.86%)
Close on Oct 19, 2026
- Market cap
- $77.38M
- P/E (TTM)
- –
- Dividend yield
- –
Soluna statistics
Financials through Jun 30, 2026, price as of Oct 19, 2026, median of Finance Services companies for comparison
Valuation
| Measure | Soluna | Industry median |
|---|---|---|
| Market Cap | $144.50M | $196.46M |
| Enterprise Value | $118.71M | $149.54M |
| PS Ratio | 3.43 | 2.60 |
| PB Ratio | 0.93 | 1.17 |
| P/TBV Ratio | 0.96 | 1.35 |
Enterprise value
| Measure | Soluna | Industry median |
|---|---|---|
| EV / Sales | 2.82 | 2.38 |
Income (trailing twelve months)
| Measure | Soluna | Industry median |
|---|---|---|
| Revenue | $42.08M | $66.09M |
| Gross Profit | $581.00K | $1.84M |
| Operating Income | -$53.45M | -$13.30M |
| Pretax Income | -$84.84M | -$3.63M |
| Net Income | -$76.65M | -$4.73M |
| EBITDA | -$43.85M | -$9.63M |
Margins
| Measure | Soluna | Industry median |
|---|---|---|
| Gross Margin | 1.38% | 41.7% |
| Operating Margin | -127.0% | -119.4% |
| Pretax Margin | -201.6% | -16.6% |
| Profit Margin | -182.2% | -19.9% |
| EBITDA Margin | -104.2% | -66.1% |
| FCF Margin | -116.9% | -29.5% |
Returns
| Measure | Soluna | Industry median |
|---|---|---|
| Return on Equity (ROE) | -112.3% | -22.3% |
| Return on Assets (ROA) | -39.8% | -11.1% |
| Return on Invested Capital (ROIC) | -182.2% | -31.2% |
| Return on Capital Employed (ROCE) | -23.4% | -23.5% |
Growth
| Measure | Soluna | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 50.9% | 20.3% |
| Revenue Growth (3Y CAGR) | 1.35% | 5.87% |
| Revenue Growth (5Y CAGR) | 118.6% | 10.4% |
Balance sheet
| Measure | Soluna | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $113.36M | $20.41M |
| Total Debt | $33.12M | $52.25M |
| Net Cash (Debt) | $80.25M | $7.08M |
| Net Cash Per Share | $0.33 | $0.22 |
| Equity (Book Value) | $155.93M | $200.96M |
| Book Value Per Share | $0.64 | $3.89 |
| Tangible Book Value | $149.86M | $127.80M |
| Working Capital | $69.18M | $8.91M |
Financial position
| Measure | Soluna | Industry median |
|---|---|---|
| Current Ratio | 2.06 | 1.45 |
| Quick Ratio | 1.84 | 0.54 |
| Debt / Equity | 0.21 | 0.20 |
| Interest Coverage | -7.18 | -7.69 |
Cash flow (trailing twelve months)
| Measure | Soluna | Industry median |
|---|---|---|
| Operating Cash Flow | -$19.43M | -$5.82M |
| Capital Expenditures | -$29.76M | -$4.19M |
| Free Cash Flow | -$49.19M | -$17.98M |
| FCF Per Share | -$0.20 | -$0.27 |
Efficiency
| Measure | Soluna | Industry median |
|---|---|---|
| Asset Turnover | 0.22 | 0.17 |
| Revenue Per Employee | $1.05M | $705.30K |
| Profits Per Employee | -$1.92M | -$252.56K |
| Employee Count | 40 | 48 |
Dividends and yields
| Measure | Soluna | Industry median |
|---|---|---|
| Earnings Yield | -53.0% | -11.5% |
| FCF Yield | -34.0% | -16.1% |
| Buyback Yield | 0.14% | 0.13% |
| Shareholder Yield | 0.14% | 0.15% |
Shares
| Measure | Soluna | Industry median |
|---|---|---|
| Shares Outstanding | 244,591,000 | 55,074,600 |
| Shares Change (QoQ) | 102.1% | 0.22% |
| Float | 207,539,000 | 41,965,050 |
| Shares Held by Insiders | 15.1% | 18.6% |
| Shares Held by Institutions | 18.1% | 34.2% |
Taxes
| Measure | Soluna | Industry median |
|---|---|---|
| Income Tax | -$2.46M | $100.87K |
Scores
| Measure | Soluna | Industry median |
|---|---|---|
| Altman Z-Score | -1.05 | 0.30 |
| Piotroski F-Score | 4 | 4 |
| Beneish M-Score | -2.50 | -2.99 |
Calculated by StockData from Soluna's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.