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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) 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 $7.3M, roughly 1.2× Coda Octopus Group, Inc.). Coda Octopus Group, Inc. runs the higher net margin — 14.1% vs -284.7%, a 298.8% gap on every dollar of revenue. On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs 11.8%). Coda Octopus Group, Inc. produced more free cash flow last quarter ($2.5M vs $-6.8M). Over the past eight quarters, Coda Octopus Group, Inc.'s revenue compounded faster (27.7% CAGR vs -8.8%).
CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...
CODA vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $8.4M |
| Net Profit | $1.0M | $-24.0M |
| Gross Margin | 67.6% | 9.5% |
| Operating Margin | 19.3% | -92.5% |
| Net Margin | 14.1% | -284.7% |
| Revenue YoY | 43.8% | 11.8% |
| Net Profit YoY | 214.3% | -233.2% |
| EPS (diluted) | $0.10 | $-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 | $7.3M | — | ||
| Q3 25 | $7.1M | $8.4M | ||
| Q2 25 | $7.0M | $6.2M | ||
| Q1 25 | $5.2M | $5.9M | ||
| Q4 24 | $5.1M | $8.3M | ||
| Q3 24 | $5.5M | $7.5M | ||
| Q2 24 | $5.3M | $9.7M | ||
| Q1 24 | $4.5M | $12.5M |
| Q4 25 | $1.0M | — | ||
| Q3 25 | $1.3M | $-24.0M | ||
| Q2 25 | $908.8K | $-7.4M | ||
| Q1 25 | $913.0K | $-7.6M | ||
| Q4 24 | $326.2K | $-40.0M | ||
| Q3 24 | $1.3M | $-7.2M | ||
| Q2 24 | $1.4M | $-10.9M | ||
| Q1 24 | $629.9K | $-5.3M |
| Q4 25 | 67.6% | — | ||
| Q3 25 | 68.3% | 9.5% | ||
| Q2 25 | 64.1% | 6.3% | ||
| Q1 25 | 65.8% | 5.7% | ||
| Q4 24 | 65.3% | -360.8% | ||
| Q3 24 | 73.9% | -39.1% | ||
| Q2 24 | 70.2% | 34.6% | ||
| Q1 24 | 69.2% | 45.4% |
| Q4 25 | 19.3% | — | ||
| Q3 25 | 19.5% | -92.5% | ||
| Q2 25 | 15.5% | -107.6% | ||
| Q1 25 | 12.7% | -120.9% | ||
| Q4 24 | 5.7% | -426.0% | ||
| Q3 24 | 25.4% | -119.8% | ||
| Q2 24 | 25.4% | -38.0% | ||
| Q1 24 | 12.4% | 3.2% |
| Q4 25 | 14.1% | — | ||
| Q3 25 | 18.2% | -284.7% | ||
| Q2 25 | 13.0% | -119.9% | ||
| Q1 25 | 17.5% | -127.3% | ||
| Q4 24 | 6.5% | -483.8% | ||
| Q3 24 | 23.3% | -95.5% | ||
| Q2 24 | 26.6% | -112.4% | ||
| Q1 24 | 14.1% | -41.9% |
| Q4 25 | $0.10 | — | ||
| Q3 25 | $0.11 | $-1.14 | ||
| Q2 25 | $0.08 | $-0.93 | ||
| Q1 25 | $0.08 | $-1.21 | ||
| Q4 24 | $0.02 | $-7.14 | ||
| Q3 24 | $0.11 | $-1.56 | ||
| Q2 24 | $0.13 | $-3.62 | ||
| Q1 24 | $0.06 | $-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 | $28.7M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $58.1M | $14.5M |
| Total Assets | $64.5M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $28.7M | — | ||
| Q3 25 | $26.2M | — | ||
| Q2 25 | $24.5M | — | ||
| Q1 25 | $22.5M | — | ||
| Q4 24 | $22.5M | — | ||
| Q3 24 | $25.2M | — | ||
| Q2 24 | $23.7M | — | ||
| Q1 24 | $25.0M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $13.3M | ||
| Q2 25 | — | $10.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $7.1M | ||
| Q3 24 | — | $8.1M | ||
| Q2 24 | — | $9.0M | ||
| Q1 24 | — | — |
| Q4 25 | $58.1M | — | ||
| Q3 25 | $57.3M | $14.5M | ||
| Q2 25 | $55.9M | $-19.5M | ||
| Q1 25 | $53.1M | $-16.1M | ||
| Q4 24 | $53.1M | $-12.5M | ||
| Q3 24 | $52.8M | $20.9M | ||
| Q2 24 | $51.1M | $24.4M | ||
| Q1 24 | $50.1M | $21.5M |
| Q4 25 | $64.5M | — | ||
| Q3 25 | $61.9M | $152.0M | ||
| Q2 25 | $60.6M | $92.0M | ||
| Q1 25 | $56.9M | $90.0M | ||
| Q4 24 | $57.5M | $88.0M | ||
| Q3 24 | $55.9M | $97.3M | ||
| Q2 24 | $54.0M | $98.7M | ||
| Q1 24 | $53.0M | $90.6M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — |
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 | $2.9M | $-2.2M |
| Free Cash FlowOCF − Capex | $2.5M | $-6.8M |
| FCF MarginFCF / Revenue | 34.9% | -81.4% |
| Capex IntensityCapex / Revenue | 5.0% | 55.2% |
| Cash ConversionOCF / Net Profit | 2.83× | — |
| TTM Free Cash FlowTrailing 4 quarters | $6.0M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | — | ||
| Q3 25 | $2.2M | $-2.2M | ||
| Q2 25 | $1.5M | $-1.1M | ||
| Q1 25 | $641.5K | $-177.0K | ||
| Q4 24 | $2.0M | $-5.1M | ||
| Q3 24 | $1.7M | $61.0K | ||
| Q2 24 | $-955.8K | $-7.3M | ||
| Q1 24 | $-298.0K | $3.9M |
| Q4 25 | $2.5M | — | ||
| Q3 25 | $1.6M | $-6.8M | ||
| Q2 25 | $1.4M | $-9.7M | ||
| Q1 25 | $513.4K | $-4.0M | ||
| Q4 24 | $1.9M | $-13.9M | ||
| Q3 24 | $1.5M | $-3.4M | ||
| Q2 24 | $-1.1M | $-7.6M | ||
| Q1 24 | $-433.6K | $3.3M |
| Q4 25 | 34.9% | — | ||
| Q3 25 | 22.6% | -81.4% | ||
| Q2 25 | 19.9% | -156.8% | ||
| Q1 25 | 9.9% | -67.1% | ||
| Q4 24 | 38.5% | -168.3% | ||
| Q3 24 | 28.2% | -44.8% | ||
| Q2 24 | -20.9% | -78.2% | ||
| Q1 24 | -9.7% | 26.5% |
| Q4 25 | 5.0% | — | ||
| Q3 25 | 8.6% | 55.2% | ||
| Q2 25 | 1.0% | 139.0% | ||
| Q1 25 | 2.5% | 64.2% | ||
| Q4 24 | 0.9% | 107.0% | ||
| Q3 24 | 3.0% | 45.6% | ||
| Q2 24 | 2.9% | 2.5% | ||
| Q1 24 | 3.0% | 4.2% |
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.72× | — | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | 0.70× | — | ||
| Q4 24 | 6.11× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | -0.68× | — | ||
| Q1 24 | -0.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CODA
| Segment Reporting | $3.1M | 42% |
| Transferred At Point In Time | $1.8M | 24% |
| Precision Acoustics Limited | $1.3M | 18% |
| Other | $1.1M | 15% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
