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Side-by-side financial comparison of MIND CTI LTD (MNDO) 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 $4.9M, roughly 1.7× MIND CTI LTD). MIND CTI LTD runs the higher net margin — 19.4% vs -284.7%, a 304.1% gap on every dollar of revenue. MIND CTI LTD produced more free cash flow last quarter ($4.0M vs $-6.8M). Over the past eight quarters, Soluna Holdings, Inc's revenue compounded faster (-8.8% CAGR vs -45.1%).
MIND CTI Ltd. is a global provider of billing and customer care solutions and messaging services for voice, data, video and content services. Headquartered in Yokneam, Israel; the company also has offices in the United States of America, Iaşi in Romania and in Germany.
MNDO vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.9M | $8.4M |
| Net Profit | $950.0K | $-24.0M |
| Gross Margin | 55.4% | 9.5% |
| Operating Margin | 16.5% | -92.5% |
| Net Margin | 19.4% | -284.7% |
| Revenue YoY | — | 11.8% |
| Net Profit YoY | — | -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 | $4.9M | — | ||
| Q3 25 | $16.2M | $8.4M | ||
| Q2 25 | $11.0M | $6.2M | ||
| Q1 25 | — | $5.9M | ||
| Q4 24 | $5.2M | $8.3M | ||
| Q3 24 | $16.0M | $7.5M | ||
| Q2 24 | $10.7M | $9.7M | ||
| Q1 24 | — | $12.5M |
| Q4 25 | $950.0K | — | ||
| Q3 25 | $3.4M | $-24.0M | ||
| Q2 25 | $2.5M | $-7.4M | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | $1.2M | $-40.0M | ||
| Q3 24 | $3.7M | $-7.2M | ||
| Q2 24 | $2.5M | $-10.9M | ||
| Q1 24 | — | $-5.3M |
| Q4 25 | 55.4% | — | ||
| Q3 25 | 48.3% | 9.5% | ||
| Q2 25 | 50.6% | 6.3% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | 55.6% | -360.8% | ||
| Q3 24 | 50.6% | -39.1% | ||
| Q2 24 | 50.4% | 34.6% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 16.5% | — | ||
| Q3 25 | 18.8% | -92.5% | ||
| Q2 25 | 21.0% | -107.6% | ||
| Q1 25 | — | -120.9% | ||
| Q4 24 | 25.4% | -426.0% | ||
| Q3 24 | 22.5% | -119.8% | ||
| Q2 24 | 22.2% | -38.0% | ||
| Q1 24 | — | 3.2% |
| Q4 25 | 19.4% | — | ||
| Q3 25 | 20.9% | -284.7% | ||
| Q2 25 | 22.3% | -119.9% | ||
| Q1 25 | — | -127.3% | ||
| Q4 24 | 23.8% | -483.8% | ||
| Q3 24 | 23.3% | -95.5% | ||
| Q2 24 | 23.1% | -112.4% | ||
| Q1 24 | — | -41.9% |
| Q4 25 | $0.05 | — | ||
| Q3 25 | $0.16 | $-1.14 | ||
| Q2 25 | $0.12 | $-0.93 | ||
| Q1 25 | — | $-1.21 | ||
| Q4 24 | $0.06 | $-7.14 | ||
| Q3 24 | $0.18 | $-1.56 | ||
| Q2 24 | $0.12 | $-3.62 | ||
| Q1 24 | — | $-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 | $8.3M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $23.0M | $14.5M |
| Total Assets | $30.2M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | — | ||
| Q3 25 | $4.5M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $4.6M | — | ||
| Q3 24 | $3.0M | — | ||
| Q2 24 | $3.0M | — | ||
| Q1 24 | — | — |
| 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 | $23.0M | — | ||
| Q3 25 | $24.3M | $14.5M | ||
| Q2 25 | $24.3M | $-19.5M | ||
| Q1 25 | — | $-16.1M | ||
| Q4 24 | $24.3M | $-12.5M | ||
| Q3 24 | $24.5M | $20.9M | ||
| Q2 24 | $24.5M | $24.4M | ||
| Q1 24 | — | $21.5M |
| Q4 25 | $30.2M | — | ||
| Q3 25 | $30.7M | $152.0M | ||
| Q2 25 | $30.7M | $92.0M | ||
| Q1 25 | — | $90.0M | ||
| Q4 24 | $30.7M | $88.0M | ||
| Q3 24 | $31.6M | $97.3M | ||
| Q2 24 | $31.6M | $98.7M | ||
| Q1 24 | — | $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 | $4.0M | $-2.2M |
| Free Cash FlowOCF − Capex | $4.0M | $-6.8M |
| FCF MarginFCF / Revenue | 81.0% | -81.4% |
| Capex IntensityCapex / Revenue | 0.6% | 55.2% |
| Cash ConversionOCF / Net Profit | 4.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.7M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0M | — | ||
| Q3 25 | $3.8M | $-2.2M | ||
| Q2 25 | $2.9M | $-1.1M | ||
| Q1 25 | — | $-177.0K | ||
| Q4 24 | $4.1M | $-5.1M | ||
| Q3 24 | $3.4M | $61.0K | ||
| Q2 24 | $2.4M | $-7.3M | ||
| Q1 24 | — | $3.9M |
| Q4 25 | $4.0M | — | ||
| Q3 25 | $3.8M | $-6.8M | ||
| Q2 25 | $2.9M | $-9.7M | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | $4.1M | $-13.9M | ||
| Q3 24 | $3.3M | $-3.4M | ||
| Q2 24 | $2.4M | $-7.6M | ||
| Q1 24 | — | $3.3M |
| Q4 25 | 81.0% | — | ||
| Q3 25 | 23.4% | -81.4% | ||
| Q2 25 | 25.8% | -156.8% | ||
| Q1 25 | — | -67.1% | ||
| Q4 24 | 78.9% | -168.3% | ||
| Q3 24 | 20.8% | -44.8% | ||
| Q2 24 | 22.1% | -78.2% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | 0.6% | — | ||
| Q3 25 | 0.0% | 55.2% | ||
| Q2 25 | 0.0% | 139.0% | ||
| Q1 25 | — | 64.2% | ||
| Q4 24 | 0.2% | 107.0% | ||
| Q3 24 | 0.3% | 45.6% | ||
| Q2 24 | 0.4% | 2.5% | ||
| Q1 24 | — | 4.2% |
| Q4 25 | 4.20× | — | ||
| Q3 25 | 1.12× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNDO
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
