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Side-by-side financial comparison of Hyperfine, Inc. (HYPR) 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 $5.3M, roughly 1.6× Hyperfine, Inc.). Hyperfine, Inc. runs the higher net margin — -111.7% vs -284.7%, a 173.0% gap on every dollar of revenue. On growth, Hyperfine, Inc. posted the faster year-over-year revenue change (128.0% vs 11.8%). Hyperfine, Inc. produced more free cash flow last quarter ($-5.3M vs $-6.8M). Over the past eight quarters, Hyperfine, Inc.'s revenue compounded faster (26.7% CAGR vs -8.8%).
Hyperfine, Inc. develops and commercializes innovative portable low-field magnetic resonance imaging (MRI) systems for medical diagnostic use. Its solutions deliver accessible, cost-effective imaging for healthcare providers across acute care, rural clinics, pediatric care, and other underserved clinical settings worldwide.
HYPR vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $5.3M | $8.4M |
| Net Profit | $-5.9M | $-24.0M |
| Gross Margin | 50.9% | 9.5% |
| Operating Margin | -144.9% | -92.5% |
| Net Margin | -111.7% | -284.7% |
| Revenue YoY | 128.0% | 11.8% |
| Net Profit YoY | 43.1% | -233.2% |
| EPS (diluted) | $-0.05 | $-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.
| Q4 25 | $5.3M | — | ||
| Q3 25 | $3.4M | $8.4M | ||
| Q2 25 | $2.7M | $6.2M | ||
| Q1 25 | $2.1M | $5.9M | ||
| Q4 24 | $2.3M | $8.3M | ||
| Q3 24 | $3.6M | $7.5M | ||
| Q2 24 | $3.6M | $9.7M | ||
| Q1 24 | $3.3M | $12.5M |
| Q4 25 | $-5.9M | — | ||
| Q3 25 | $-11.0M | $-24.0M | ||
| Q2 25 | $-9.2M | $-7.4M | ||
| Q1 25 | $-9.4M | $-7.6M | ||
| Q4 24 | $-10.4M | $-40.0M | ||
| Q3 24 | $-10.3M | $-7.2M | ||
| Q2 24 | $-10.2M | $-10.9M | ||
| Q1 24 | $-9.8M | $-5.3M |
| Q4 25 | 50.9% | — | ||
| Q3 25 | 53.8% | 9.5% | ||
| Q2 25 | 49.3% | 6.3% | ||
| Q1 25 | 41.3% | 5.7% | ||
| Q4 24 | 35.6% | -360.8% | ||
| Q3 24 | 52.4% | -39.1% | ||
| Q2 24 | 49.7% | 34.6% | ||
| Q1 24 | 41.1% | 45.4% |
| Q4 25 | -144.9% | — | ||
| Q3 25 | -259.5% | -92.5% | ||
| Q2 25 | -355.9% | -107.6% | ||
| Q1 25 | -510.2% | -120.9% | ||
| Q4 24 | -463.8% | -426.0% | ||
| Q3 24 | -300.9% | -119.8% | ||
| Q2 24 | -298.7% | -38.0% | ||
| Q1 24 | -323.2% | 3.2% |
| Q4 25 | -111.7% | — | ||
| Q3 25 | -320.6% | -284.7% | ||
| Q2 25 | -342.2% | -119.9% | ||
| Q1 25 | -440.7% | -127.3% | ||
| Q4 24 | -447.7% | -483.8% | ||
| Q3 24 | -283.4% | -95.5% | ||
| Q2 24 | -279.7% | -112.4% | ||
| Q1 24 | -298.9% | -41.9% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.14 | $-1.14 | ||
| Q2 25 | $-0.12 | $-0.93 | ||
| Q1 25 | $-0.12 | $-1.21 | ||
| Q4 24 | $-0.14 | $-7.14 | ||
| Q3 24 | $-0.14 | $-1.56 | ||
| Q2 24 | $-0.14 | $-3.62 | ||
| Q1 24 | $-0.14 | $-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 | $35.1M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $41.0M | $14.5M |
| Total Assets | $55.3M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.1M | — | ||
| Q3 25 | $21.6M | — | ||
| Q2 25 | $25.4M | — | ||
| Q1 25 | $33.1M | — | ||
| Q4 24 | $37.6M | — | ||
| Q3 24 | $45.8M | — | ||
| Q2 24 | $53.8M | — | ||
| Q1 24 | $63.2M | — |
| 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 | $41.0M | — | ||
| Q3 25 | $26.9M | $14.5M | ||
| Q2 25 | $35.1M | $-19.5M | ||
| Q1 25 | $43.1M | $-16.1M | ||
| Q4 24 | $49.0M | $-12.5M | ||
| Q3 24 | $58.3M | $20.9M | ||
| Q2 24 | $66.8M | $24.4M | ||
| Q1 24 | $75.6M | $21.5M |
| Q4 25 | $55.3M | — | ||
| Q3 25 | $41.5M | $152.0M | ||
| Q2 25 | $45.2M | $92.0M | ||
| Q1 25 | $53.4M | $90.0M | ||
| Q4 24 | $58.9M | $88.0M | ||
| Q3 24 | $69.4M | $97.3M | ||
| Q2 24 | $76.6M | $98.7M | ||
| Q1 24 | $85.4M | $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 | $-5.2M | $-2.2M |
| Free Cash FlowOCF − Capex | $-5.3M | $-6.8M |
| FCF MarginFCF / Revenue | -99.6% | -81.4% |
| Capex IntensityCapex / Revenue | 1.2% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-29.1M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.2M | — | ||
| Q3 25 | $-5.6M | $-2.2M | ||
| Q2 25 | $-7.9M | $-1.1M | ||
| Q1 25 | $-9.2M | $-177.0K | ||
| Q4 24 | $-8.4M | $-5.1M | ||
| Q3 24 | $-8.5M | $61.0K | ||
| Q2 24 | $-9.4M | $-7.3M | ||
| Q1 24 | $-12.5M | $3.9M |
| Q4 25 | $-5.3M | — | ||
| Q3 25 | $-5.7M | $-6.8M | ||
| Q2 25 | $-8.4M | $-9.7M | ||
| Q1 25 | $-9.7M | $-4.0M | ||
| Q4 24 | $-8.4M | $-13.9M | ||
| Q3 24 | $-8.7M | $-3.4M | ||
| Q2 24 | $-9.5M | $-7.6M | ||
| Q1 24 | $-12.7M | $3.3M |
| Q4 25 | -99.6% | — | ||
| Q3 25 | -166.2% | -81.4% | ||
| Q2 25 | -312.7% | -156.8% | ||
| Q1 25 | -454.9% | -67.1% | ||
| Q4 24 | -360.4% | -168.3% | ||
| Q3 24 | -238.2% | -44.8% | ||
| Q2 24 | -260.4% | -78.2% | ||
| Q1 24 | -384.1% | 26.5% |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 3.8% | 55.2% | ||
| Q2 25 | 19.3% | 139.0% | ||
| Q1 25 | 22.1% | 64.2% | ||
| Q4 24 | 0.3% | 107.0% | ||
| Q3 24 | 4.4% | 45.6% | ||
| Q2 24 | 2.0% | 2.5% | ||
| Q1 24 | 4.4% | 4.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HYPR
| Products | $4.9M | 92% |
| Other | $436.0K | 8% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
