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Side-by-side financial comparison of AYTU BIOPHARMA, INC (AYTU) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.

AYTU BIOPHARMA, INC is the larger business by last-quarter revenue ($15.2M vs $8.4M, roughly 1.8× Soluna Holdings, Inc). AYTU BIOPHARMA, INC runs the higher net margin — -69.8% vs -284.7%, a 214.9% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -6.5%). AYTU BIOPHARMA, INC produced more free cash flow last quarter ($3.7M vs $-6.8M). Over the past eight quarters, AYTU BIOPHARMA, INC's revenue compounded faster (4.0% CAGR vs -8.8%).

Aytu BioPharma, Inc. is a US-based specialty pharmaceutical company that develops and commercializes a portfolio of consumer healthcare products and prescription therapeutics. Its key offerings cover cold and allergy treatments, sexual health solutions, and therapies for rare pediatric conditions, serving patients and healthcare providers across the United States.

AYTU vs SLNH — Head-to-Head

Bigger by revenue
AYTU
AYTU
1.8× larger
AYTU
$15.2M
$8.4M
SLNH
Growing faster (revenue YoY)
SLNH
SLNH
+18.3% gap
SLNH
11.8%
-6.5%
AYTU
Higher net margin
AYTU
AYTU
214.9% more per $
AYTU
-69.8%
-284.7%
SLNH
More free cash flow
AYTU
AYTU
$10.5M more FCF
AYTU
$3.7M
$-6.8M
SLNH
Faster 2-yr revenue CAGR
AYTU
AYTU
Annualised
AYTU
4.0%
-8.8%
SLNH

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
AYTU
AYTU
SLNH
SLNH
Revenue
$15.2M
$8.4M
Net Profit
$-10.6M
$-24.0M
Gross Margin
63.5%
9.5%
Operating Margin
-13.0%
-92.5%
Net Margin
-69.8%
-284.7%
Revenue YoY
-6.5%
11.8%
Net Profit YoY
-1443.1%
-233.2%
EPS (diluted)
$-1.05
$-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.

Revenue
AYTU
AYTU
SLNH
SLNH
Q4 25
$15.2M
Q3 25
$13.9M
$8.4M
Q2 25
$15.1M
$6.2M
Q1 25
$18.5M
$5.9M
Q4 24
$16.2M
$8.3M
Q3 24
$16.6M
$7.5M
Q2 24
$14.6M
$9.7M
Q1 24
$14.0M
$12.5M
Net Profit
AYTU
AYTU
SLNH
SLNH
Q4 25
$-10.6M
Q3 25
$2.0M
$-24.0M
Q2 25
$-19.8M
$-7.4M
Q1 25
$4.0M
$-7.6M
Q4 24
$788.0K
$-40.0M
Q3 24
$1.5M
$-7.2M
Q2 24
$-4.6M
$-10.9M
Q1 24
$-2.9M
$-5.3M
Gross Margin
AYTU
AYTU
SLNH
SLNH
Q4 25
63.5%
Q3 25
66.1%
9.5%
Q2 25
67.8%
6.3%
Q1 25
69.4%
5.7%
Q4 24
66.5%
-360.8%
Q3 24
72.3%
-39.1%
Q2 24
75.7%
34.6%
Q1 24
73.9%
45.4%
Operating Margin
AYTU
AYTU
SLNH
SLNH
Q4 25
-13.0%
Q3 25
-10.8%
-92.5%
Q2 25
-50.4%
-107.6%
Q1 25
13.1%
-120.9%
Q4 24
-10.4%
-426.0%
Q3 24
-5.6%
-119.8%
Q2 24
-15.6%
-38.0%
Q1 24
-11.4%
3.2%
Net Margin
AYTU
AYTU
SLNH
SLNH
Q4 25
-69.8%
Q3 25
14.1%
-284.7%
Q2 25
-130.9%
-119.9%
Q1 25
21.6%
-127.3%
Q4 24
4.9%
-483.8%
Q3 24
8.9%
-95.5%
Q2 24
-31.6%
-112.4%
Q1 24
-20.6%
-41.9%
EPS (diluted)
AYTU
AYTU
SLNH
SLNH
Q4 25
$-1.05
Q3 25
$-0.08
$-1.14
Q2 25
$-0.93
Q1 25
$0.21
$-1.21
Q4 24
$-0.26
$-7.14
Q3 24
$-0.15
$-1.56
Q2 24
$-3.62
Q1 24
$-0.52
$-2.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AYTU
AYTU
SLNH
SLNH
Cash + ST InvestmentsLiquidity on hand
$30.0M
Total DebtLower is stronger
$10.0M
$13.3M
Stockholders' EquityBook value
$14.2M
$14.5M
Total Assets
$122.0M
$152.0M
Debt / EquityLower = less leverage
0.70×
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AYTU
AYTU
SLNH
SLNH
Q4 25
$30.0M
Q3 25
$32.6M
Q2 25
$31.0M
Q1 25
$18.2M
Q4 24
$20.4M
Q3 24
$20.1M
Q2 24
$20.0M
Q1 24
$19.8M
Total Debt
AYTU
AYTU
SLNH
SLNH
Q4 25
$10.0M
Q3 25
$10.4M
$13.3M
Q2 25
$10.9M
$10.0M
Q1 25
$9.5M
$10.2M
Q4 24
$10.0M
$7.1M
Q3 24
$10.4M
$8.1M
Q2 24
$10.9M
$9.0M
Q1 24
$0
Stockholders' Equity
AYTU
AYTU
SLNH
SLNH
Q4 25
$14.2M
Q3 25
$23.2M
$14.5M
Q2 25
$19.0M
$-19.5M
Q1 25
$34.9M
$-16.1M
Q4 24
$30.8M
$-12.5M
Q3 24
$29.8M
$20.9M
Q2 24
$27.7M
$24.4M
Q1 24
$30.8M
$21.5M
Total Assets
AYTU
AYTU
SLNH
SLNH
Q4 25
$122.0M
Q3 25
$125.0M
$152.0M
Q2 25
$124.2M
$92.0M
Q1 25
$124.2M
$90.0M
Q4 24
$116.2M
$88.0M
Q3 24
$115.8M
$97.3M
Q2 24
$118.1M
$98.7M
Q1 24
$128.9M
$90.6M
Debt / Equity
AYTU
AYTU
SLNH
SLNH
Q4 25
0.70×
Q3 25
0.45×
0.92×
Q2 25
0.57×
Q1 25
0.27×
Q4 24
0.32×
Q3 24
0.35×
0.39×
Q2 24
0.39×
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
AYTU
AYTU
SLNH
SLNH
Operating Cash FlowLast quarter
$3.7M
$-2.2M
Free Cash FlowOCF − Capex
$3.7M
$-6.8M
FCF MarginFCF / Revenue
24.1%
-81.4%
Capex IntensityCapex / Revenue
0.1%
55.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AYTU
AYTU
SLNH
SLNH
Q4 25
$3.7M
Q3 25
$-618.0K
$-2.2M
Q2 25
$2.8M
$-1.1M
Q1 25
$-6.5M
$-177.0K
Q4 24
$2.9M
$-5.1M
Q3 24
$-1.2M
$61.0K
Q2 24
$-788.0K
$-7.3M
Q1 24
$-254.0K
$3.9M
Free Cash Flow
AYTU
AYTU
SLNH
SLNH
Q4 25
$3.7M
Q3 25
$-6.8M
Q2 25
$-9.7M
Q1 25
$-6.5M
$-4.0M
Q4 24
$2.9M
$-13.9M
Q3 24
$-1.3M
$-3.4M
Q2 24
$-7.6M
Q1 24
$3.3M
FCF Margin
AYTU
AYTU
SLNH
SLNH
Q4 25
24.1%
Q3 25
-81.4%
Q2 25
-156.8%
Q1 25
-35.4%
-67.1%
Q4 24
17.9%
-168.3%
Q3 24
-8.0%
-44.8%
Q2 24
-78.2%
Q1 24
26.5%
Capex Intensity
AYTU
AYTU
SLNH
SLNH
Q4 25
0.1%
Q3 25
0.0%
55.2%
Q2 25
139.0%
Q1 25
0.4%
64.2%
Q4 24
0.0%
107.0%
Q3 24
0.8%
45.6%
Q2 24
2.5%
Q1 24
0.0%
4.2%
Cash Conversion
AYTU
AYTU
SLNH
SLNH
Q4 25
Q3 25
-0.31×
Q2 25
Q1 25
-1.62×
Q4 24
3.69×
Q3 24
-0.81×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AYTU
AYTU

Segment breakdown not available.

SLNH
SLNH

Data Hosting Revenue$5.3M62%
Cryptocurrency Mining Revenue$2.8M33%
Other$389.0K5%

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