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Side-by-side financial comparison of EyePoint, Inc. (EYPT) 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 $5.3M, roughly 1.6× EyePoint, Inc.). Soluna Holdings, Inc runs the higher net margin — -284.7% vs -1114.3%, a 829.6% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -43.7%). Soluna Holdings, Inc produced more free cash flow last quarter ($-6.8M vs $-63.8M). Over the past eight quarters, Soluna Holdings, Inc's revenue compounded faster (-8.8% CAGR vs -40.8%).
EyePoint Pharmaceuticals Inc. is a Watertown, Massachusetts company specialising in the application of microelectromechanical systems (MEMS) and nanotechnology to drug delivery.
EYPT vs SLNH — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3M | $8.4M |
| Net Profit | $-59.4M | $-24.0M |
| Gross Margin | — | 9.5% |
| Operating Margin | -1166.8% | -92.5% |
| Net Margin | -1114.3% | -284.7% |
| Revenue YoY | -43.7% | 11.8% |
| Net Profit YoY | -92.8% | -233.2% |
| EPS (diluted) | $-0.85 | $-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.
| Q3 25 | — | $8.4M | ||
| Q2 25 | $5.3M | $6.2M | ||
| Q1 25 | $24.5M | $5.9M | ||
| Q4 24 | $11.6M | $8.3M | ||
| Q3 24 | $10.5M | $7.5M | ||
| Q2 24 | $9.5M | $9.7M | ||
| Q1 24 | $11.7M | $12.5M | ||
| Q4 23 | $14.0M | $10.1M |
| Q3 25 | — | $-24.0M | ||
| Q2 25 | $-59.4M | $-7.4M | ||
| Q1 25 | $-45.2M | $-7.6M | ||
| Q4 24 | $-41.4M | $-40.0M | ||
| Q3 24 | $-29.4M | $-7.2M | ||
| Q2 24 | $-30.8M | $-10.9M | ||
| Q1 24 | $-29.3M | $-5.3M | ||
| Q4 23 | $-14.1M | $-6.7M |
| Q3 25 | — | 9.5% | ||
| Q2 25 | — | 6.3% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | -360.8% | ||
| Q3 24 | 93.0% | -39.1% | ||
| Q2 24 | 85.2% | 34.6% | ||
| Q1 24 | 93.5% | 45.4% | ||
| Q4 23 | — | 42.4% |
| Q3 25 | — | -92.5% | ||
| Q2 25 | -1166.8% | -107.6% | ||
| Q1 25 | -199.7% | -120.9% | ||
| Q4 24 | -390.4% | -426.0% | ||
| Q3 24 | -311.2% | -119.8% | ||
| Q2 24 | -364.5% | -38.0% | ||
| Q1 24 | -285.2% | 3.2% | ||
| Q4 23 | -116.6% | -23.9% |
| Q3 25 | — | -284.7% | ||
| Q2 25 | -1114.3% | -119.9% | ||
| Q1 25 | -184.8% | -127.3% | ||
| Q4 24 | -357.3% | -483.8% | ||
| Q3 24 | -279.0% | -95.5% | ||
| Q2 24 | -325.3% | -112.4% | ||
| Q1 24 | -250.6% | -41.9% | ||
| Q4 23 | -100.5% | -66.2% |
| Q3 25 | — | $-1.14 | ||
| Q2 25 | $-0.85 | $-0.93 | ||
| Q1 25 | $-0.65 | $-1.21 | ||
| Q4 24 | $-0.65 | $-7.14 | ||
| Q3 24 | $-0.54 | $-1.56 | ||
| Q2 24 | $-0.58 | $-3.62 | ||
| Q1 24 | $-0.55 | $-2.62 | ||
| Q4 23 | $-0.32 | $-1.99 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $255.7M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $246.0M | $14.5M |
| Total Assets | $301.1M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | — | ||
| Q2 25 | $255.7M | — | ||
| Q1 25 | $318.2M | — | ||
| Q4 24 | $370.9M | — | ||
| Q3 24 | $253.8M | — | ||
| Q2 24 | $280.2M | — | ||
| Q1 24 | $299.3M | — | ||
| Q4 23 | $331.1M | — |
| 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 23 | — | — |
| Q3 25 | — | $14.5M | ||
| Q2 25 | $246.0M | $-19.5M | ||
| Q1 25 | $298.4M | $-16.1M | ||
| Q4 24 | $336.5M | $-12.5M | ||
| Q3 24 | $218.7M | $20.9M | ||
| Q2 24 | $228.3M | $24.4M | ||
| Q1 24 | $249.9M | $21.5M | ||
| Q4 23 | $266.3M | $26.5M |
| Q3 25 | — | $152.0M | ||
| Q2 25 | $301.1M | $92.0M | ||
| Q1 25 | $362.6M | $90.0M | ||
| Q4 24 | $418.5M | $88.0M | ||
| Q3 24 | $300.9M | $97.3M | ||
| Q2 24 | $324.2M | $98.7M | ||
| Q1 24 | $329.2M | $90.6M | ||
| Q4 23 | $355.2M | $91.3M |
| Q3 25 | — | 0.92× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.39× | ||
| Q2 24 | — | 0.37× | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $-62.6M | $-2.2M |
| Free Cash FlowOCF − Capex | $-63.8M | $-6.8M |
| FCF MarginFCF / Revenue | -1196.5% | -81.4% |
| Capex IntensityCapex / Revenue | 22.9% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-194.0M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $-2.2M | ||
| Q2 25 | $-62.6M | $-1.1M | ||
| Q1 25 | $-53.1M | $-177.0K | ||
| Q4 24 | $-35.8M | $-5.1M | ||
| Q3 24 | $-39.0M | $61.0K | ||
| Q2 24 | $-20.2M | $-7.3M | ||
| Q1 24 | $-31.2M | $3.9M | ||
| Q4 23 | $-23.1M | $1.4M |
| Q3 25 | — | $-6.8M | ||
| Q2 25 | $-63.8M | $-9.7M | ||
| Q1 25 | $-53.4M | $-4.0M | ||
| Q4 24 | $-36.2M | $-13.9M | ||
| Q3 24 | $-40.6M | $-3.4M | ||
| Q2 24 | $-21.1M | $-7.6M | ||
| Q1 24 | $-32.4M | $3.3M | ||
| Q4 23 | $-24.0M | $1.2M |
| Q3 25 | — | -81.4% | ||
| Q2 25 | -1196.5% | -156.8% | ||
| Q1 25 | -218.4% | -67.1% | ||
| Q4 24 | -312.7% | -168.3% | ||
| Q3 24 | -385.8% | -44.8% | ||
| Q2 24 | -222.4% | -78.2% | ||
| Q1 24 | -277.0% | 26.5% | ||
| Q4 23 | -171.0% | 12.3% |
| Q3 25 | — | 55.2% | ||
| Q2 25 | 22.9% | 139.0% | ||
| Q1 25 | 1.1% | 64.2% | ||
| Q4 24 | 3.3% | 107.0% | ||
| Q3 24 | 15.0% | 45.6% | ||
| Q2 24 | 9.5% | 2.5% | ||
| Q1 24 | 10.2% | 4.2% | ||
| Q4 23 | 6.3% | 1.7% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EYPT
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
