Soluna Holdings, IncSLNHEarnings & Financial Report
Revenue
$6.2M
Gross Profit
$389.0K
Operating Profit
$-6.6M
Net Profit
$-7.4M
Gross Margin
6.3%
Operating Margin
-107.6%
Net Margin
-119.9%
YoY Growth
-36.4%
EPS
$-0.93
Soluna Holdings, Inc Q2 FY2025 Financial Summary
Soluna Holdings, Inc reported revenue of $6.2M (down 36.4% YoY) for Q2 FY2025, with a net profit of $-7.4M (up 32.1% YoY) (-119.9% margin). Cost of goods sold was $5.8M, operating expenses totaled $7.0M.
Key Financial Metrics
| Total Revenue | $6.2M |
|---|---|
| Net Profit | $-7.4M |
| Gross Margin | 6.3% |
| Operating Margin | -107.6% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Soluna Holdings, Inc Q2 FY2025 revenue of $6.2M breaks down across 3 segments, led by Cryptocurrency Mining Revenue at $2.9M (46.5% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Cryptocurrency Mining Revenue | $2.9M | 46.5% |
| Other | $2.2M | 36.1% |
| Crypto Currency Mining Revenue Depreciation | $1.1M | 17.4% |
Soluna Holdings, Inc Revenue by Segment — Quarterly Trend
Soluna Holdings, Inc revenue by segment across the last 4 reported quarters, showing how each business line (such as Cryptocurrency Mining Revenue and Other) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Cryptocurrency Mining Revenue | $2.8M | $2.9M | $3.0M | $3.3M |
| Other | $389.0K | $2.2M | $535.0K | $545.0K |
| Crypto Currency Mining Revenue Depreciation | — | $1.1M | — | — |
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 |
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.
| Quarter | Revenue | Revenue YoY | Net Profit | Net 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 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 | $-5.1M | $-177000 | $-1.1M | $-2.2M |