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Soluna Holdings, Inc

Soluna Holdings, IncSLNHEarnings & Financial Report

Nasdaq · Financials · Finance Services
Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023

Revenue

$10.1M

Gross Profit

$4.3M

Operating Profit

$-2.4M

Net Profit

$-6.7M

Gross Margin

42.4%

Operating Margin

-23.9%

Net Margin

-66.2%

YoY Growth

141.9%

EPS

$-1.99

Soluna Holdings, Inc Q4 FY2023 Financial Summary

Soluna Holdings, Inc reported revenue of $10.1M (up 141.9% YoY) for Q4 FY2023, with a net profit of $-6.7M (up 75.5% YoY) (-66.2% margin). Cost of goods sold was $5.8M, operating expenses totaled $6.7M.

Key Financial Metrics

Total Revenue$10.1M
Net Profit$-6.7M
Gross Margin42.4%
Operating Margin-23.9%
Report PeriodQ4 FY2023

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).

YearAnnual Revenue
2024$38.0M
2023$21.1M
2022$28.5M

Soluna Holdings, Inc Quarterly Revenue & Net Profit History

Soluna Holdings, Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.

QuarterRevenueRevenue YoYNet ProfitNet Margin
Q3 FY2025$8.4M+11.8%$-24.0M-284.7%
Q2 FY2025$6.2M-36.4%$-7.4M-119.9%
Q1 FY2025$5.9M-52.7%$-7.6M-127.3%
Q4 FY2024$8.3M-18.3%$-40.0M-483.8%
Q3 FY2024$7.5M+29.8%$-7.2M-95.5%
Q2 FY2024$9.7M+367.8%$-10.9M-112.4%
Q1 FY2024$12.5M+307.2%$-5.3M-41.9%
Q4 FY2023$10.1M+141.9%$-6.7M-66.2%

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$10.1M$12.5M$9.7M$7.5M$8.3M$5.9M$6.2M$8.4M
YoY Growth141.9%307.2%367.8%29.8%-18.3%-52.7%-36.4%11.8%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 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 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$1.4M$3.9M$-7.3M$61000$-5.1M$-177000$-1.1M$-2.2M