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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.
SS Innovations International, Inc. is the larger business by last-quarter revenue ($14.5M vs $8.4M, roughly 1.7× Soluna Holdings, Inc). SS Innovations International, Inc. runs the higher net margin — -17.0% vs -284.7%, a 267.7% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 11.8%). SS Innovations International, Inc. produced more free cash flow last quarter ($-3.2M vs $-6.8M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% CAGR vs -8.8%).
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
SLNH vs SSII — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $14.5M |
| Net Profit | $-24.0M | $-2.5M |
| Gross Margin | 9.5% | 43.9% |
| Operating Margin | -92.5% | -3.7% |
| Net Margin | -284.7% | -17.0% |
| Revenue YoY | 11.8% | 79.1% |
| Net Profit YoY | -233.2% | -28.5% |
| EPS (diluted) | $-1.14 | $-0.01 |
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 | — | $14.5M | ||
| Q3 25 | $8.4M | $12.8M | ||
| Q2 25 | $6.2M | $10.0M | ||
| Q1 25 | $5.9M | $5.1M | ||
| Q4 24 | $8.3M | $8.1M | ||
| Q3 24 | $7.5M | $4.4M | ||
| Q2 24 | $9.7M | $4.5M | ||
| Q1 24 | $12.5M | $3.6M |
| Q4 25 | — | $-2.5M | ||
| Q3 25 | $-24.0M | $-3.7M | ||
| Q2 25 | $-7.4M | $-256.7K | ||
| Q1 25 | $-7.6M | $-5.7M | ||
| Q4 24 | $-40.0M | $-1.9M | ||
| Q3 24 | $-7.2M | $-3.2M | ||
| Q2 24 | $-10.9M | $-4.1M | ||
| Q1 24 | $-5.3M | $-9.8M |
| Q4 25 | — | 43.9% | ||
| Q3 25 | 9.5% | 48.1% | ||
| Q2 25 | 6.3% | 59.1% | ||
| Q1 25 | 5.7% | 21.2% | ||
| Q4 24 | -360.8% | 48.9% | ||
| Q3 24 | -39.1% | 52.8% | ||
| Q2 24 | 34.6% | 31.9% | ||
| Q1 24 | 45.4% | 20.0% |
| Q4 25 | — | -3.7% | ||
| Q3 25 | -92.5% | -14.3% | ||
| Q2 25 | -107.6% | 1.0% | ||
| Q1 25 | -120.9% | -115.6% | ||
| Q4 24 | -426.0% | -22.7% | ||
| Q3 24 | -119.8% | -73.1% | ||
| Q2 24 | -38.0% | -90.9% | ||
| Q1 24 | 3.2% | -270.3% |
| Q4 25 | — | -17.0% | ||
| Q3 25 | -284.7% | -29.0% | ||
| Q2 25 | -119.9% | -2.6% | ||
| Q1 25 | -127.3% | -111.0% | ||
| Q4 24 | -483.8% | -23.7% | ||
| Q3 24 | -95.5% | -74.0% | ||
| Q2 24 | -112.4% | -91.8% | ||
| Q1 24 | -41.9% | -270.5% |
| Q4 25 | — | $-0.01 | ||
| Q3 25 | $-1.14 | $-0.02 | ||
| Q2 25 | $-0.93 | $0.00 | ||
| Q1 25 | $-1.21 | $-0.03 | ||
| Q4 24 | $-7.14 | $-0.01 | ||
| Q3 24 | $-1.56 | $-0.02 | ||
| Q2 24 | $-3.62 | $-0.02 | ||
| Q1 24 | $-2.62 | $-0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.2M |
| Total DebtLower is stronger | $13.3M | — |
| Stockholders' EquityBook value | $14.5M | $38.2M |
| Total Assets | $152.0M | $74.2M |
| Debt / EquityLower = less leverage | 0.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.2M | ||
| Q3 25 | — | $5.7M | ||
| Q2 25 | — | $11.4M | ||
| Q1 25 | — | $15.9M | ||
| Q4 24 | — | $466.5K | ||
| Q3 24 | — | $220.4K | ||
| Q2 24 | — | $608.2K | ||
| Q1 24 | — | $948.1K |
| 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 | — | $38.2M | ||
| Q3 25 | $14.5M | $39.6M | ||
| Q2 25 | $-19.5M | $42.0M | ||
| Q1 25 | $-16.1M | $40.6M | ||
| Q4 24 | $-12.5M | $13.5M | ||
| Q3 24 | $20.9M | $13.7M | ||
| Q2 24 | $24.4M | $14.8M | ||
| Q1 24 | $21.5M | $16.7M |
| Q4 25 | — | $74.2M | ||
| Q3 25 | $152.0M | $69.6M | ||
| Q2 25 | $92.0M | $70.0M | ||
| Q1 25 | $90.0M | $63.5M | ||
| Q4 24 | $88.0M | $42.4M | ||
| Q3 24 | $97.3M | $39.0M | ||
| Q2 24 | $98.7M | $35.7M | ||
| Q1 24 | $90.6M | $35.2M |
| 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 | $-1.5M |
| Free Cash FlowOCF − Capex | $-6.8M | $-3.2M |
| FCF MarginFCF / Revenue | -81.4% | -22.3% |
| Capex IntensityCapex / Revenue | 55.2% | 11.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $-2.2M | $-7.5M | ||
| Q2 25 | $-1.1M | $-3.5M | ||
| Q1 25 | $-177.0K | $-6.1M | ||
| Q4 24 | $-5.1M | $-3.3M | ||
| Q3 24 | $61.0K | $-2.5M | ||
| Q2 24 | $-7.3M | $-1.0M | ||
| Q1 24 | $3.9M | $-2.7M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-6.8M | $-8.2M | ||
| Q2 25 | $-9.7M | $-3.8M | ||
| Q1 25 | $-4.0M | $-7.0M | ||
| Q4 24 | $-13.9M | $-3.4M | ||
| Q3 24 | $-3.4M | $-4.2M | ||
| Q2 24 | $-7.6M | $-3.1M | ||
| Q1 24 | $3.3M | $-2.8M |
| Q4 25 | — | -22.3% | ||
| Q3 25 | -81.4% | -64.1% | ||
| Q2 25 | -156.8% | -37.7% | ||
| Q1 25 | -67.1% | -136.2% | ||
| Q4 24 | -168.3% | -41.7% | ||
| Q3 24 | -44.8% | -96.9% | ||
| Q2 24 | -78.2% | -69.5% | ||
| Q1 24 | 26.5% | -76.9% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | 55.2% | 5.9% | ||
| Q2 25 | 139.0% | 3.2% | ||
| Q1 25 | 64.2% | 17.0% | ||
| Q4 24 | 107.0% | 1.5% | ||
| Q3 24 | 45.6% | 38.8% | ||
| Q2 24 | 2.5% | 46.8% | ||
| Q1 24 | 4.2% | 3.5% |
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% |
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
