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Side-by-side financial comparison of SYNTEC OPTICS HOLDINGS, INC. (OPTX) 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 $7.5M, roughly 1.1× SYNTEC OPTICS HOLDINGS, INC.). SYNTEC OPTICS HOLDINGS, INC. runs the higher net margin — -4.6% vs -284.7%, a 280.1% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs 2.5%). SYNTEC OPTICS HOLDINGS, INC. produced more free cash flow last quarter ($-4.4K vs $-6.8M). Over the past eight quarters, SYNTEC OPTICS HOLDINGS, INC.'s revenue compounded faster (9.5% CAGR vs -8.8%).
OPTX vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.5M | $8.4M |
| Net Profit | $-343.8K | $-24.0M |
| Gross Margin | 23.6% | 9.5% |
| Operating Margin | 4.2% | -92.5% |
| Net Margin | -4.6% | -284.7% |
| Revenue YoY | 2.5% | 11.8% |
| Net Profit YoY | 77.7% | -233.2% |
| EPS (diluted) | $-0.01 | $-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 | $7.5M | — | ||
| Q3 25 | $7.0M | $8.4M | ||
| Q2 25 | $6.6M | $6.2M | ||
| Q1 25 | $7.1M | $5.9M | ||
| Q4 24 | $7.3M | $8.3M | ||
| Q3 24 | $7.9M | $7.5M | ||
| Q2 24 | $7.0M | $9.7M | ||
| Q1 24 | $6.3M | $12.5M |
| Q4 25 | $-343.8K | — | ||
| Q3 25 | $-1.4M | $-24.0M | ||
| Q2 25 | $-343.9K | $-7.4M | ||
| Q1 25 | $323.7K | $-7.6M | ||
| Q4 24 | $-1.5M | $-40.0M | ||
| Q3 24 | $-13.3K | $-7.2M | ||
| Q2 24 | $281.8K | $-10.9M | ||
| Q1 24 | $-1.2M | $-5.3M |
| Q4 25 | 23.6% | — | ||
| Q3 25 | 12.3% | 9.5% | ||
| Q2 25 | 24.4% | 6.3% | ||
| Q1 25 | 32.7% | 5.7% | ||
| Q4 24 | 13.5% | -360.8% | ||
| Q3 24 | 23.3% | -39.1% | ||
| Q2 24 | 31.0% | 34.6% | ||
| Q1 24 | 11.3% | 45.4% |
| Q4 25 | 4.2% | — | ||
| Q3 25 | -17.5% | -92.5% | ||
| Q2 25 | -2.2% | -107.6% | ||
| Q1 25 | 7.5% | -120.9% | ||
| Q4 24 | -19.6% | -426.0% | ||
| Q3 24 | 1.4% | -119.8% | ||
| Q2 24 | 2.3% | -38.0% | ||
| Q1 24 | -22.5% | 3.2% |
| Q4 25 | -4.6% | — | ||
| Q3 25 | -20.6% | -284.7% | ||
| Q2 25 | -5.2% | -119.9% | ||
| Q1 25 | 4.6% | -127.3% | ||
| Q4 24 | -21.0% | -483.8% | ||
| Q3 24 | -0.2% | -95.5% | ||
| Q2 24 | 4.0% | -112.4% | ||
| Q1 24 | -19.3% | -41.9% |
| Q4 25 | $-0.01 | — | ||
| Q3 25 | $-0.04 | $-1.14 | ||
| Q2 25 | $-0.01 | $-0.93 | ||
| Q1 25 | $0.01 | $-1.21 | ||
| Q4 24 | $-0.05 | $-7.14 | ||
| Q3 24 | $0.00 | $-1.56 | ||
| Q2 24 | $0.01 | $-3.62 | ||
| Q1 24 | $-0.03 | $-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 | — | — |
| Total DebtLower is stronger | $2.6M | $13.3M |
| Stockholders' EquityBook value | $9.5M | $14.5M |
| Total Assets | $24.3M | $152.0M |
| Debt / EquityLower = less leverage | 0.28× | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.6M | — | ||
| Q3 25 | $2.7M | $13.3M | ||
| Q2 25 | $2.9M | $10.0M | ||
| Q1 25 | $3.0M | $10.2M | ||
| Q4 24 | $3.1M | $7.1M | ||
| Q3 24 | $3.2M | $8.1M | ||
| Q2 24 | $2.8M | $9.0M | ||
| Q1 24 | $3.0M | — |
| Q4 25 | $9.5M | — | ||
| Q3 25 | $9.8M | $14.5M | ||
| Q2 25 | $11.0M | $-19.5M | ||
| Q1 25 | $11.4M | $-16.1M | ||
| Q4 24 | $11.0M | $-12.5M | ||
| Q3 24 | $12.1M | $20.9M | ||
| Q2 24 | $12.1M | $24.4M | ||
| Q1 24 | $11.9M | $21.5M |
| Q4 25 | $24.3M | — | ||
| Q3 25 | $24.6M | $152.0M | ||
| Q2 25 | $25.3M | $92.0M | ||
| Q1 25 | $26.3M | $90.0M | ||
| Q4 24 | $26.0M | $88.0M | ||
| Q3 24 | $27.3M | $97.3M | ||
| Q2 24 | $25.8M | $98.7M | ||
| Q1 24 | $24.6M | $90.6M |
| Q4 25 | 0.28× | — | ||
| Q3 25 | 0.28× | 0.92× | ||
| Q2 25 | 0.26× | — | ||
| Q1 25 | 0.26× | — | ||
| Q4 24 | 0.28× | — | ||
| Q3 24 | 0.26× | 0.39× | ||
| Q2 24 | 0.23× | 0.37× | ||
| Q1 24 | 0.25× | — |
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 | $-3.9K | $-2.2M |
| Free Cash FlowOCF − Capex | $-4.4K | $-6.8M |
| FCF MarginFCF / Revenue | -0.1% | -81.4% |
| Capex IntensityCapex / Revenue | 0.0% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $28.3K | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.9K | — | ||
| Q3 25 | $535.3K | $-2.2M | ||
| Q2 25 | $-158.0K | $-1.1M | ||
| Q1 25 | $299.3K | $-177.0K | ||
| Q4 24 | $623.8K | $-5.1M | ||
| Q3 24 | $417.3K | $61.0K | ||
| Q2 24 | $-1.7M | $-7.3M | ||
| Q1 24 | $-289.8K | $3.9M |
| Q4 25 | $-4.4K | — | ||
| Q3 25 | $496.3K | $-6.8M | ||
| Q2 25 | $-548.1K | $-9.7M | ||
| Q1 25 | $84.6K | $-4.0M | ||
| Q4 24 | $12.1K | $-13.9M | ||
| Q3 24 | $43.8K | $-3.4M | ||
| Q2 24 | $-1.9M | $-7.6M | ||
| Q1 24 | $-385.1K | $3.3M |
| Q4 25 | -0.1% | — | ||
| Q3 25 | 7.1% | -81.4% | ||
| Q2 25 | -8.4% | -156.8% | ||
| Q1 25 | 1.2% | -67.1% | ||
| Q4 24 | 0.2% | -168.3% | ||
| Q3 24 | 0.6% | -44.8% | ||
| Q2 24 | -26.5% | -78.2% | ||
| Q1 24 | -6.2% | 26.5% |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.6% | 55.2% | ||
| Q2 25 | 5.9% | 139.0% | ||
| Q1 25 | 3.0% | 64.2% | ||
| Q4 24 | 8.4% | 107.0% | ||
| Q3 24 | 4.7% | 45.6% | ||
| Q2 24 | 2.3% | 2.5% | ||
| Q1 24 | 1.5% | 4.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.92× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -6.01× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OPTX
Segment breakdown not available.
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
