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Side-by-side financial comparison of Navitas Semiconductor Corp (NVTS) 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 $7.3M, roughly 1.2× Navitas Semiconductor Corp). Soluna Holdings, Inc runs the higher net margin — -284.7% vs -436.1%, a 151.4% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -59.4%). Soluna Holdings, Inc produced more free cash flow last quarter ($-6.8M vs $-8.2M). Over the past eight quarters, Soluna Holdings, Inc's revenue compounded faster (-8.8% CAGR vs -43.9%).
Navitas Semiconductor Corp is a leading global semiconductor firm specializing in gallium nitride (GaN) power integrated circuits. Its high-efficiency, compact power solutions serve consumer electronics, electric vehicles, renewable energy, and industrial sectors, with clients spanning North America, Asia, and Europe.
NVTS vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.3M | $8.4M |
| Net Profit | $-31.8M | $-24.0M |
| Gross Margin | 38.1% | 9.5% |
| Operating Margin | -567.3% | -92.5% |
| Net Margin | -436.1% | -284.7% |
| Revenue YoY | -59.4% | 11.8% |
| Net Profit YoY | 20.2% | -233.2% |
| EPS (diluted) | $-0.14 | $-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 | $10.1M | $8.4M | ||
| Q2 25 | $14.5M | $6.2M | ||
| Q1 25 | $14.0M | $5.9M | ||
| Q4 24 | $18.0M | $8.3M | ||
| Q3 24 | $21.7M | $7.5M | ||
| Q2 24 | $20.5M | $9.7M | ||
| Q1 24 | $23.2M | $12.5M |
| Q4 25 | $-31.8M | — | ||
| Q3 25 | $-19.2M | $-24.0M | ||
| Q2 25 | $-49.1M | $-7.4M | ||
| Q1 25 | $-16.8M | $-7.6M | ||
| Q4 24 | $-39.9M | $-40.0M | ||
| Q3 24 | $-18.7M | $-7.2M | ||
| Q2 24 | $-22.3M | $-10.9M | ||
| Q1 24 | $-3.7M | $-5.3M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 37.9% | 9.5% | ||
| Q2 25 | 16.1% | 6.3% | ||
| Q1 25 | 37.9% | 5.7% | ||
| Q4 24 | 12.4% | -360.8% | ||
| Q3 24 | 39.7% | -39.1% | ||
| Q2 24 | 39.0% | 34.6% | ||
| Q1 24 | 41.1% | 45.4% |
| Q4 25 | -567.3% | — | ||
| Q3 25 | -192.0% | -92.5% | ||
| Q2 25 | -149.4% | -107.6% | ||
| Q1 25 | -180.5% | -120.9% | ||
| Q4 24 | -216.9% | -426.0% | ||
| Q3 24 | -133.6% | -119.8% | ||
| Q2 24 | -152.1% | -38.0% | ||
| Q1 24 | -136.2% | 3.2% |
| Q4 25 | -436.1% | — | ||
| Q3 25 | -190.2% | -284.7% | ||
| Q2 25 | -338.7% | -119.9% | ||
| Q1 25 | -120.1% | -127.3% | ||
| Q4 24 | -221.7% | -483.8% | ||
| Q3 24 | -86.4% | -95.5% | ||
| Q2 24 | -109.1% | -112.4% | ||
| Q1 24 | -15.9% | -41.9% |
| Q4 25 | $-0.14 | — | ||
| Q3 25 | $-0.09 | $-1.14 | ||
| Q2 25 | $-0.25 | $-0.93 | ||
| Q1 25 | $-0.09 | $-1.21 | ||
| Q4 24 | $-0.22 | $-7.14 | ||
| Q3 24 | $-0.10 | $-1.56 | ||
| Q2 24 | $-0.12 | $-3.62 | ||
| Q1 24 | $-0.02 | $-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 | $236.9M | — |
| Total DebtLower is stronger | — | $13.3M |
| Stockholders' EquityBook value | $443.7M | $14.5M |
| Total Assets | $500.5M | $152.0M |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $236.9M | — | ||
| Q3 25 | $150.6M | — | ||
| Q2 25 | $161.2M | — | ||
| Q1 25 | $75.1M | — | ||
| Q4 24 | $86.7M | — | ||
| Q3 24 | $98.3M | — | ||
| Q2 24 | $111.7M | — | ||
| Q1 24 | $128.9M | — |
| 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 | $443.7M | — | ||
| Q3 25 | $371.0M | $14.5M | ||
| Q2 25 | $388.9M | $-19.5M | ||
| Q1 25 | $341.8M | $-16.1M | ||
| Q4 24 | $348.0M | $-12.5M | ||
| Q3 24 | $380.8M | $20.9M | ||
| Q2 24 | $388.1M | $24.4M | ||
| Q1 24 | $397.9M | $21.5M |
| Q4 25 | $500.5M | — | ||
| Q3 25 | $430.2M | $152.0M | ||
| Q2 25 | $449.4M | $92.0M | ||
| Q1 25 | $370.8M | $90.0M | ||
| Q4 24 | $390.0M | $88.0M | ||
| Q3 24 | $419.4M | $97.3M | ||
| Q2 24 | $439.1M | $98.7M | ||
| Q1 24 | $467.9M | $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 | $-8.1M | $-2.2M |
| Free Cash FlowOCF − Capex | $-8.2M | $-6.8M |
| FCF MarginFCF / Revenue | -111.8% | -81.4% |
| Capex IntensityCapex / Revenue | 0.7% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-44.4M | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.1M | — | ||
| Q3 25 | $-10.0M | $-2.2M | ||
| Q2 25 | $-11.2M | $-1.1M | ||
| Q1 25 | $-13.5M | $-177.0K | ||
| Q4 24 | $-10.2M | $-5.1M | ||
| Q3 24 | $-13.7M | $61.0K | ||
| Q2 24 | $-15.1M | $-7.3M | ||
| Q1 24 | $-19.8M | $3.9M |
| Q4 25 | $-8.2M | — | ||
| Q3 25 | $-10.7M | $-6.8M | ||
| Q2 25 | $-11.9M | $-9.7M | ||
| Q1 25 | $-13.6M | $-4.0M | ||
| Q4 24 | $-10.8M | $-13.9M | ||
| Q3 24 | $-14.3M | $-3.4M | ||
| Q2 24 | $-17.9M | $-7.6M | ||
| Q1 24 | $-22.7M | $3.3M |
| Q4 25 | -111.8% | — | ||
| Q3 25 | -106.1% | -81.4% | ||
| Q2 25 | -82.2% | -156.8% | ||
| Q1 25 | -96.8% | -67.1% | ||
| Q4 24 | -59.8% | -168.3% | ||
| Q3 24 | -65.9% | -44.8% | ||
| Q2 24 | -87.3% | -78.2% | ||
| Q1 24 | -97.9% | 26.5% |
| Q4 25 | 0.7% | — | ||
| Q3 25 | 7.0% | 55.2% | ||
| Q2 25 | 4.7% | 139.0% | ||
| Q1 25 | 0.3% | 64.2% | ||
| Q4 24 | 3.1% | 107.0% | ||
| Q3 24 | 2.6% | 45.6% | ||
| Q2 24 | 13.4% | 2.5% | ||
| Q1 24 | 12.5% | 4.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NVTS
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
