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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and Sensus Healthcare, Inc. (SRTS). Click either name above to swap in a different company.

Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $4.9M, roughly 1.7× Sensus Healthcare, Inc.). Sensus Healthcare, Inc. runs the higher net margin — -64.1% vs -284.7%, a 220.6% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -62.2%). Sensus Healthcare, Inc. produced more free cash flow last quarter ($-2.4M vs $-6.8M). Over the past eight quarters, Soluna Holdings, Inc's revenue compounded faster (-8.8% CAGR vs -31.9%).

Sensus Healthcare, Inc. is a medical technology company that designs, manufactures and commercializes innovative non-invasive superficial radiation therapy systems. Its products are primarily used for treating non-melanoma skin cancers, keloids, and select cosmetic dermatology conditions, serving healthcare providers and clinical facilities worldwide.

SLNH vs SRTS — Head-to-Head

Bigger by revenue
SLNH
SLNH
1.7× larger
SLNH
$8.4M
$4.9M
SRTS
Growing faster (revenue YoY)
SLNH
SLNH
+74.0% gap
SLNH
11.8%
-62.2%
SRTS
Higher net margin
SRTS
SRTS
220.6% more per $
SRTS
-64.1%
-284.7%
SLNH
More free cash flow
SRTS
SRTS
$4.5M more FCF
SRTS
$-2.4M
$-6.8M
SLNH
Faster 2-yr revenue CAGR
SLNH
SLNH
Annualised
SLNH
-8.8%
-31.9%
SRTS

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SLNH
SLNH
SRTS
SRTS
Revenue
$8.4M
$4.9M
Net Profit
$-24.0M
$-3.2M
Gross Margin
9.5%
38.4%
Operating Margin
-92.5%
-63.8%
Net Margin
-284.7%
-64.1%
Revenue YoY
11.8%
-62.2%
Net Profit YoY
-233.2%
-304.9%
EPS (diluted)
$-1.14
$-0.19

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.

Revenue
SLNH
SLNH
SRTS
SRTS
Q4 25
$4.9M
Q3 25
$8.4M
$6.9M
Q2 25
$6.2M
$7.3M
Q1 25
$5.9M
$8.3M
Q4 24
$8.3M
$13.1M
Q3 24
$7.5M
$8.8M
Q2 24
$9.7M
$9.2M
Q1 24
$12.5M
$10.7M
Net Profit
SLNH
SLNH
SRTS
SRTS
Q4 25
$-3.2M
Q3 25
$-24.0M
$-943.0K
Q2 25
$-7.4M
$-1.0M
Q1 25
$-7.6M
$-2.6M
Q4 24
$-40.0M
$1.5M
Q3 24
$-7.2M
$1.2M
Q2 24
$-10.9M
$1.6M
Q1 24
$-5.3M
$2.3M
Gross Margin
SLNH
SLNH
SRTS
SRTS
Q4 25
38.4%
Q3 25
9.5%
39.4%
Q2 25
6.3%
39.7%
Q1 25
5.7%
52.2%
Q4 24
-360.8%
54.4%
Q3 24
-39.1%
59.3%
Q2 24
34.6%
58.7%
Q1 24
45.4%
62.5%
Operating Margin
SLNH
SLNH
SRTS
SRTS
Q4 25
-63.8%
Q3 25
-92.5%
-37.3%
Q2 25
-107.6%
-26.6%
Q1 25
-120.9%
-31.7%
Q4 24
-426.0%
13.2%
Q3 24
-119.8%
16.9%
Q2 24
-38.0%
21.5%
Q1 24
3.2%
27.1%
Net Margin
SLNH
SLNH
SRTS
SRTS
Q4 25
-64.1%
Q3 25
-284.7%
-13.7%
Q2 25
-119.9%
-14.2%
Q1 25
-127.3%
-30.8%
Q4 24
-483.8%
11.8%
Q3 24
-95.5%
13.7%
Q2 24
-112.4%
17.4%
Q1 24
-41.9%
21.3%
EPS (diluted)
SLNH
SLNH
SRTS
SRTS
Q4 25
$-0.19
Q3 25
$-1.14
$-0.06
Q2 25
$-0.93
$-0.06
Q1 25
$-1.21
$-0.16
Q4 24
$-7.14
$0.10
Q3 24
$-1.56
$0.07
Q2 24
$-3.62
$0.10
Q1 24
$-2.62
$0.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
SLNH
SLNH
SRTS
SRTS
Cash + ST InvestmentsLiquidity on hand
$22.1M
Total DebtLower is stronger
$13.3M
Stockholders' EquityBook value
$14.5M
$48.1M
Total Assets
$152.0M
$53.0M
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNH
SLNH
SRTS
SRTS
Q4 25
$22.1M
Q3 25
$24.5M
Q2 25
$22.2M
Q1 25
$19.1M
Q4 24
$22.1M
Q3 24
$22.6M
Q2 24
$19.0M
Q1 24
$14.7M
Total Debt
SLNH
SLNH
SRTS
SRTS
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
Stockholders' Equity
SLNH
SLNH
SRTS
SRTS
Q4 25
$48.1M
Q3 25
$14.5M
$51.2M
Q2 25
$-19.5M
$52.1M
Q1 25
$-16.1M
$53.0M
Q4 24
$-12.5M
$55.8M
Q3 24
$20.9M
$54.1M
Q2 24
$24.4M
$52.9M
Q1 24
$21.5M
$51.2M
Total Assets
SLNH
SLNH
SRTS
SRTS
Q4 25
$53.0M
Q3 25
$152.0M
$58.3M
Q2 25
$92.0M
$58.9M
Q1 25
$90.0M
$60.2M
Q4 24
$88.0M
$62.2M
Q3 24
$97.3M
$59.9M
Q2 24
$98.7M
$58.2M
Q1 24
$90.6M
$57.3M
Debt / Equity
SLNH
SLNH
SRTS
SRTS
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
SLNH
SLNH
SRTS
SRTS
Operating Cash FlowLast quarter
$-2.2M
$-2.2M
Free Cash FlowOCF − Capex
$-6.8M
$-2.4M
FCF MarginFCF / Revenue
-81.4%
-47.9%
Capex IntensityCapex / Revenue
55.2%
3.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-34.4M
$332.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNH
SLNH
SRTS
SRTS
Q4 25
$-2.2M
Q3 25
$-2.2M
$2.3M
Q2 25
$-1.1M
$3.1M
Q1 25
$-177.0K
$-2.7M
Q4 24
$-5.1M
$-827.0K
Q3 24
$61.0K
$4.0M
Q2 24
$-7.3M
$4.2M
Q1 24
$3.9M
$-8.2M
Free Cash Flow
SLNH
SLNH
SRTS
SRTS
Q4 25
$-2.4M
Q3 25
$-6.8M
$2.3M
Q2 25
$-9.7M
$3.1M
Q1 25
$-4.0M
$-2.7M
Q4 24
$-13.9M
$-1.1M
Q3 24
$-3.4M
$3.6M
Q2 24
$-7.6M
$4.2M
Q1 24
$3.3M
$-8.4M
FCF Margin
SLNH
SLNH
SRTS
SRTS
Q4 25
-47.9%
Q3 25
-81.4%
33.3%
Q2 25
-156.8%
42.2%
Q1 25
-67.1%
-32.2%
Q4 24
-168.3%
-8.6%
Q3 24
-44.8%
40.9%
Q2 24
-78.2%
45.8%
Q1 24
26.5%
-79.0%
Capex Intensity
SLNH
SLNH
SRTS
SRTS
Q4 25
3.2%
Q3 25
55.2%
0.1%
Q2 25
139.0%
0.4%
Q1 25
64.2%
0.1%
Q4 24
107.0%
2.3%
Q3 24
45.6%
3.8%
Q2 24
2.5%
0.0%
Q1 24
4.2%
2.2%
Cash Conversion
SLNH
SLNH
SRTS
SRTS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.53×
Q3 24
3.25×
Q2 24
2.62×
Q1 24
-3.60×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

SLNH
SLNH

Data Hosting Revenue$5.3M62%
Cryptocurrency Mining Revenue$2.8M33%
Other$389.0K5%

SRTS
SRTS

Products$2.8M57%
Other$2.1M43%

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