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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and SoFi Technologies, Inc. (SOFI). Click either name above to swap in a different company.
SoFi Technologies, Inc. is the larger business by last-quarter revenue ($1.0B vs $8.4M, roughly 121.8× Soluna Holdings, Inc). SoFi Technologies, Inc. runs the higher net margin — 16.9% vs -284.7%, a 301.6% gap on every dollar of revenue. On growth, SoFi Technologies, Inc. posted the faster year-over-year revenue change (39.6% vs 11.8%). Soluna Holdings, Inc produced more free cash flow last quarter ($-6.8M vs $-4.0B). Over the past eight quarters, SoFi Technologies, Inc.'s revenue compounded faster (26.1% CAGR vs -8.8%).
SoFi Technologies, Inc. is an American financial technology company. Founded in 2011 by Stanford University students, it operates as a nationally chartered online bank and is a technology provider to other financial institutions. SoFi is the largest U.S. based online lender, and has 13.7 million customers as of 2025.
SLNH vs SOFI — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $1.0B |
| Net Profit | $-24.0M | $173.5M |
| Gross Margin | 9.5% | 84.2% |
| Operating Margin | -92.5% | 18.1% |
| Net Margin | -284.7% | 16.9% |
| Revenue YoY | 11.8% | 39.6% |
| Net Profit YoY | -233.2% | -47.8% |
| EPS (diluted) | $-1.14 | $0.14 |
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 | — | $1.0B | ||
| Q3 25 | $8.4M | $961.6M | ||
| Q2 25 | $6.2M | $854.9M | ||
| Q1 25 | $5.9M | $771.8M | ||
| Q4 24 | $8.3M | $734.1M | ||
| Q3 24 | $7.5M | $697.1M | ||
| Q2 24 | $9.7M | $598.6M | ||
| Q1 24 | $12.5M | $645.0M |
| Q4 25 | — | $173.5M | ||
| Q3 25 | $-24.0M | $139.4M | ||
| Q2 25 | $-7.4M | $97.3M | ||
| Q1 25 | $-7.6M | $71.1M | ||
| Q4 24 | $-40.0M | $332.5M | ||
| Q3 24 | $-7.2M | $60.7M | ||
| Q2 24 | $-10.9M | $17.4M | ||
| Q1 24 | $-5.3M | $88.0M |
| Q4 25 | — | 84.2% | ||
| Q3 25 | 9.5% | 83.2% | ||
| Q2 25 | 6.3% | 82.4% | ||
| Q1 25 | 5.7% | 82.4% | ||
| Q4 24 | -360.8% | 82.5% | ||
| Q3 24 | -39.1% | 82.3% | ||
| Q2 24 | 34.6% | 81.7% | ||
| Q1 24 | 45.4% | 84.5% |
| Q4 25 | — | 18.1% | ||
| Q3 25 | -92.5% | 15.4% | ||
| Q2 25 | -107.6% | 13.1% | ||
| Q1 25 | -120.9% | 10.3% | ||
| Q4 24 | -426.0% | 8.2% | ||
| Q3 24 | -119.8% | 9.2% | ||
| Q2 24 | -38.0% | 2.6% | ||
| Q1 24 | 3.2% | 14.6% |
| Q4 25 | — | 16.9% | ||
| Q3 25 | -284.7% | 14.5% | ||
| Q2 25 | -119.9% | 11.4% | ||
| Q1 25 | -127.3% | 9.2% | ||
| Q4 24 | -483.8% | 45.3% | ||
| Q3 24 | -95.5% | 8.7% | ||
| Q2 24 | -112.4% | 2.9% | ||
| Q1 24 | -41.9% | 13.7% |
| Q4 25 | — | $0.14 | ||
| Q3 25 | $-1.14 | $0.11 | ||
| Q2 25 | $-0.93 | $0.08 | ||
| Q1 25 | $-1.21 | $0.06 | ||
| Q4 24 | $-7.14 | $0.31 | ||
| Q3 24 | $-1.56 | $0.05 | ||
| Q2 24 | $-3.62 | $0.01 | ||
| Q1 24 | $-2.62 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.9B |
| Total DebtLower is stronger | $13.3M | — |
| Stockholders' EquityBook value | $14.5M | $10.5B |
| Total Assets | $152.0M | $50.7B |
| Debt / EquityLower = less leverage | 0.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $4.9B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $2.1B | ||
| Q1 25 | — | $2.1B | ||
| Q4 24 | — | $2.5B | ||
| Q3 24 | — | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | — | $3.7B |
| 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 | — | $10.5B | ||
| Q3 25 | $14.5M | $8.8B | ||
| Q2 25 | $-19.5M | $6.9B | ||
| Q1 25 | $-16.1M | $6.7B | ||
| Q4 24 | $-12.5M | $6.5B | ||
| Q3 24 | $20.9M | $6.1B | ||
| Q2 24 | $24.4M | $5.9B | ||
| Q1 24 | $21.5M | $5.8B |
| Q4 25 | — | $50.7B | ||
| Q3 25 | $152.0M | $45.3B | ||
| Q2 25 | $92.0M | $41.1B | ||
| Q1 25 | $90.0M | $37.7B | ||
| Q4 24 | $88.0M | $36.3B | ||
| Q3 24 | $97.3M | $34.4B | ||
| Q2 24 | $98.7M | $32.6B | ||
| Q1 24 | $90.6M | $31.3B |
| 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 | $-2.2M | $-3.7B |
| Free Cash FlowOCF − Capex | $-6.8M | $-4.0B |
| FCF MarginFCF / Revenue | -81.4% | -388.8% |
| Capex IntensityCapex / Revenue | 55.2% | 23.7% |
| Cash ConversionOCF / Net Profit | — | -21.56× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | $-6.9B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-3.7B | ||
| Q3 25 | $-2.2M | $-1.3B | ||
| Q2 25 | $-1.1M | $-1.5B | ||
| Q1 25 | $-177.0K | $21.5M | ||
| Q4 24 | $-5.1M | $-1.1B | ||
| Q3 24 | $61.0K | $-1.2B | ||
| Q2 24 | $-7.3M | $-484.4M | ||
| Q1 24 | $3.9M | $738.2M |
| Q4 25 | — | $-4.0B | ||
| Q3 25 | $-6.8M | $-1.4B | ||
| Q2 25 | $-9.7M | $-1.5B | ||
| Q1 25 | $-4.0M | $-31.1M | ||
| Q4 24 | $-13.9M | $-1.3B | ||
| Q3 24 | $-3.4M | $-1.2B | ||
| Q2 24 | $-7.6M | $-521.1M | ||
| Q1 24 | $3.3M | $706.3M |
| Q4 25 | — | -388.8% | ||
| Q3 25 | -81.4% | -142.0% | ||
| Q2 25 | -156.8% | -179.0% | ||
| Q1 25 | -67.1% | -4.0% | ||
| Q4 24 | -168.3% | -173.5% | ||
| Q3 24 | -44.8% | -174.6% | ||
| Q2 24 | -78.2% | -87.0% | ||
| Q1 24 | 26.5% | 109.5% |
| Q4 25 | — | 23.7% | ||
| Q3 25 | 55.2% | 6.2% | ||
| Q2 25 | 139.0% | 7.4% | ||
| Q1 25 | 64.2% | 6.8% | ||
| Q4 24 | 107.0% | 21.0% | ||
| Q3 24 | 45.6% | 6.2% | ||
| Q2 24 | 2.5% | 6.1% | ||
| Q1 24 | 4.2% | 5.0% |
| Q4 25 | — | -21.56× | ||
| Q3 25 | — | -9.37× | ||
| Q2 25 | — | -15.08× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | -3.37× | ||
| Q3 24 | — | -19.32× | ||
| Q2 24 | — | -27.83× | ||
| Q1 24 | — | 8.39× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
SOFI
Segment breakdown not available.
