Soluna Holdings, IncSLNHEarnings & Financial Report
Nasdaq
SLNH Q3 2025 Key Financial Metrics
Revenue
$8.4M
Gross Profit
$802.0K
Operating Profit
$-7.8M
Net Profit
$-24.0M
Gross Margin
9.5%
Operating Margin
-92.5%
Net Margin
-284.7%
YoY Growth
11.8%
EPS
$-1.14
Financial Flow
Soluna Holdings, Inc Q3 2025 Financial Summary
Soluna Holdings, Inc reported revenue of $8.4M for Q3 2025, with a net profit of $-24.0M (-284.7% margin). Cost of goods sold was $7.6M, operating expenses totaled $8.6M.
Key Financial Metrics
| Total Revenue | $8.4M |
|---|---|
| Net Profit | $-24.0M |
| Gross Margin | 9.5% |
| Operating Margin | -92.5% |
| Report Period | Q3 2025 |
Soluna Holdings, Inc Annual Revenue by Year
Soluna Holdings, Inc annual revenue history includes year-by-year totals (for example, 2024 revenue was $38.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $38.0M |
| 2023 | $21.1M |
| 2022 | $28.5M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.1M | $12.5M | $9.7M | $7.5M | $8.3M | $5.9M | $6.2M | $8.4M |
| YoY Growth | 141.9% | 307.2% | 367.8% | 29.8% | -18.3% | -52.7% | -36.4% | 11.8% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $91.3M | $90.6M | $98.7M | $97.3M | $88.0M | $90.0M | $92.0M | $152.0M |
| Liabilities | $37.9M | $41.8M | $48.7M | $45.8M | $60.7M | $63.1M | $62.6M | $78.6M |
| Equity | $26.5M | $21.5M | $24.4M | $20.9M | $-12.5M | $-16.1M | $-19.5M | $14.5M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.4M | $3.9M | $-7.3M | $61000 | $-1.7M | $-177000 | $-1.1M | $-2.2M |