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Side-by-side financial comparison of AmpliTech Group, Inc. (AMPG) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.
Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $4.5M, roughly 1.9× AmpliTech Group, Inc.). AmpliTech Group, Inc. runs the higher net margin — -71.6% vs -284.7%, a 213.1% gap on every dollar of revenue. On growth, AmpliTech Group, Inc. posted the faster year-over-year revenue change (141.6% vs 11.8%). AmpliTech Group, Inc. produced more free cash flow last quarter ($-3.5M vs $-6.8M). Over the past eight quarters, AmpliTech Group, Inc.'s revenue compounded faster (39.7% CAGR vs -8.8%).
Ampli Energy is a South African company providing a renewable energy trading platform that uses a wheeling process to deliver green energy to consumers.
AMPG vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.5M | $8.4M |
| Net Profit | $-3.2M | $-24.0M |
| Gross Margin | 22.8% | 9.5% |
| Operating Margin | -73.3% | -92.5% |
| Net Margin | -71.6% | -284.7% |
| Revenue YoY | 141.6% | 11.8% |
| Net Profit YoY | 16.1% | -233.2% |
| EPS (diluted) | $-0.14 | $-1.14 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.5M | — | ||
| Q3 25 | $6.1M | $8.4M | ||
| Q2 25 | $11.0M | $6.2M | ||
| Q1 25 | $3.6M | $5.9M | ||
| Q4 24 | $1.9M | $8.3M | ||
| Q3 24 | $2.8M | $7.5M | ||
| Q2 24 | $2.5M | $9.7M | ||
| Q1 24 | $2.3M | $12.5M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-188.4K | $-24.0M | ||
| Q2 25 | $-1.8M | $-7.4M | ||
| Q1 25 | $-1.8M | $-7.6M | ||
| Q4 24 | $-3.8M | $-40.0M | ||
| Q3 24 | $-1.2M | $-7.2M | ||
| Q2 24 | $-1.6M | $-10.9M | ||
| Q1 24 | $-4.7M | $-5.3M |
| Q4 25 | 22.8% | — | ||
| Q3 25 | 48.6% | 9.5% | ||
| Q2 25 | 7.8% | 6.3% | ||
| Q1 25 | 33.0% | 5.7% | ||
| Q4 24 | 10.7% | -360.8% | ||
| Q3 24 | 47.6% | -39.1% | ||
| Q2 24 | 41.8% | 34.6% | ||
| Q1 24 | 38.5% | 45.4% |
| Q4 25 | -73.3% | — | ||
| Q3 25 | -3.6% | -92.5% | ||
| Q2 25 | -17.5% | -107.6% | ||
| Q1 25 | -52.5% | -120.9% | ||
| Q4 24 | -234.5% | -426.0% | ||
| Q3 24 | -38.4% | -119.8% | ||
| Q2 24 | -62.0% | -38.0% | ||
| Q1 24 | -62.3% | 3.2% |
| Q4 25 | -71.6% | — | ||
| Q3 25 | -3.1% | -284.7% | ||
| Q2 25 | -16.1% | -119.9% | ||
| Q1 25 | -51.1% | -127.3% | ||
| Q4 24 | -206.2% | -483.8% | ||
| Q3 24 | -42.0% | -95.5% | ||
| Q2 24 | -62.4% | -112.4% | ||
| Q1 24 | -203.0% | -41.9% |
| Q4 25 | $-0.14 | — | ||
| Q3 25 | $-0.01 | $-1.14 | ||
| Q2 25 | $-0.09 | $-0.93 | ||
| Q1 25 | $-0.09 | $-1.21 | ||
| Q4 24 | $-0.28 | $-7.14 | ||
| Q3 24 | $-0.12 | $-1.56 | ||
| Q2 24 | $-0.16 | $-3.62 | ||
| Q1 24 | $-0.48 | $-2.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.0M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $32.9M | $14.5M |
| Total Assets | $51.5M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.0M | — | ||
| Q3 25 | $8.4M | — | ||
| Q2 25 | $11.1M | — | ||
| Q1 25 | $16.9M | — | ||
| Q4 24 | $19.3M | — | ||
| Q3 24 | $1.1M | — | ||
| Q2 24 | $1.0M | — | ||
| Q1 24 | $2.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | $1.1M | $8.1M | ||
| Q2 24 | $36.4K | $9.0M | ||
| Q1 24 | $63.2K | — |
| Q4 25 | $32.9M | — | ||
| Q3 25 | $35.8M | $14.5M | ||
| Q2 25 | $35.8M | $-19.5M | ||
| Q1 25 | $35.8M | $-16.1M | ||
| Q4 24 | $37.5M | $-12.5M | ||
| Q3 24 | $20.4M | $20.9M | ||
| Q2 24 | $20.7M | $24.4M | ||
| Q1 24 | $22.2M | $21.5M |
| Q4 25 | $51.5M | — | ||
| Q3 25 | $47.2M | $152.0M | ||
| Q2 25 | $48.6M | $92.0M | ||
| Q1 25 | $42.1M | $90.0M | ||
| Q4 24 | $43.2M | $88.0M | ||
| Q3 24 | $27.5M | $97.3M | ||
| Q2 24 | $25.4M | $98.7M | ||
| Q1 24 | $26.9M | $90.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.06× | 0.39× | ||
| Q2 24 | 0.00× | 0.37× | ||
| Q1 24 | 0.00× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.4M | $-2.2M |
| Free Cash FlowOCF − Capex | $-3.5M | $-6.8M |
| FCF MarginFCF / Revenue | -78.4% | -81.4% |
| Capex IntensityCapex / Revenue | 1.9% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-9.7M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.4M | — | ||
| Q3 25 | $-999.4K | $-2.2M | ||
| Q2 25 | $-2.3M | $-1.1M | ||
| Q1 25 | $-2.0M | $-177.0K | ||
| Q4 24 | $-1.2M | $-5.1M | ||
| Q3 24 | $-1.7M | $61.0K | ||
| Q2 24 | $-1.3M | $-7.3M | ||
| Q1 24 | $-1.1M | $3.9M |
| Q4 25 | $-3.5M | — | ||
| Q3 25 | $-1.4M | $-6.8M | ||
| Q2 25 | $-2.4M | $-9.7M | ||
| Q1 25 | $-2.4M | $-4.0M | ||
| Q4 24 | $-1.2M | $-13.9M | ||
| Q3 24 | $-1.7M | $-3.4M | ||
| Q2 24 | $-1.3M | $-7.6M | ||
| Q1 24 | $-1.1M | $3.3M |
| Q4 25 | -78.4% | — | ||
| Q3 25 | -23.7% | -81.4% | ||
| Q2 25 | -21.6% | -156.8% | ||
| Q1 25 | -65.8% | -67.1% | ||
| Q4 24 | -63.9% | -168.3% | ||
| Q3 24 | -61.6% | -44.8% | ||
| Q2 24 | -52.7% | -78.2% | ||
| Q1 24 | -47.0% | 26.5% |
| Q4 25 | 1.9% | — | ||
| Q3 25 | 7.3% | 55.2% | ||
| Q2 25 | 1.1% | 139.0% | ||
| Q1 25 | 10.0% | 64.2% | ||
| Q4 24 | 0.9% | 107.0% | ||
| Q3 24 | 0.4% | 45.6% | ||
| Q2 24 | 0.5% | 2.5% | ||
| Q1 24 | 0.1% | 4.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AMPG
| Other | $2.7M | 60% |
| Distribution | $1.8M | 40% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
