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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and STRATA Skin Sciences, Inc. (SSKN). Click either name above to swap in a different company.
STRATA Skin Sciences, Inc. is the larger business by last-quarter revenue ($9.3M vs $8.4M, roughly 1.1× Soluna Holdings, Inc). STRATA Skin Sciences, Inc. runs the higher net margin — 0.6% vs -284.7%, a 285.3% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -3.0%). STRATA Skin Sciences, Inc. produced more free cash flow last quarter ($-551.0K vs $-6.8M). Over the past eight quarters, STRATA Skin Sciences, Inc.'s revenue compounded faster (17.3% CAGR vs -8.8%).
Strata Skin Sciences is an American medical device company focused on the design, development and commercialization of non-invasive tools to provide additional information to dermatologists during melanoma skin examinations.
SLNH vs SSKN — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $9.3M |
| Net Profit | $-24.0M | $58.0K |
| Gross Margin | 9.5% | 61.8% |
| Operating Margin | -92.5% | 5.3% |
| Net Margin | -284.7% | 0.6% |
| Revenue YoY | 11.8% | -3.0% |
| Net Profit YoY | -233.2% | 101.3% |
| 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 | — | $9.3M | ||
| Q3 25 | $8.4M | $6.9M | ||
| Q2 25 | $6.2M | $7.7M | ||
| Q1 25 | $5.9M | $6.8M | ||
| Q4 24 | $8.3M | $9.6M | ||
| Q3 24 | $7.5M | $8.8M | ||
| Q2 24 | $9.7M | $8.4M | ||
| Q1 24 | $12.5M | $6.8M |
| Q4 25 | — | $58.0K | ||
| Q3 25 | $-24.0M | $-1.6M | ||
| Q2 25 | $-7.4M | $-2.6M | ||
| Q1 25 | $-7.6M | $-2.1M | ||
| Q4 24 | $-40.0M | $-4.6M | ||
| Q3 24 | $-7.2M | $-2.1M | ||
| Q2 24 | $-10.9M | $-91.0K | ||
| Q1 24 | $-5.3M | $-3.4M |
| Q4 25 | — | 61.8% | ||
| Q3 25 | 9.5% | 60.4% | ||
| Q2 25 | 6.3% | 56.2% | ||
| Q1 25 | 5.7% | 53.5% | ||
| Q4 24 | -360.8% | 61.4% | ||
| Q3 24 | -39.1% | 60.1% | ||
| Q2 24 | 34.6% | 59.0% | ||
| Q1 24 | 45.4% | 45.6% |
| Q4 25 | — | 5.3% | ||
| Q3 25 | -92.5% | -16.9% | ||
| Q2 25 | -107.6% | -30.1% | ||
| Q1 25 | -120.9% | -25.0% | ||
| Q4 24 | -426.0% | -44.7% | ||
| Q3 24 | -119.8% | -18.2% | ||
| Q2 24 | -38.0% | -5.7% | ||
| Q1 24 | 3.2% | -42.7% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | -284.7% | -23.4% | ||
| Q2 25 | -119.9% | -33.6% | ||
| Q1 25 | -127.3% | -31.2% | ||
| Q4 24 | -483.8% | -47.6% | ||
| Q3 24 | -95.5% | -23.6% | ||
| Q2 24 | -112.4% | -1.1% | ||
| Q1 24 | -41.9% | -49.8% |
| Q4 25 | — | $0.14 | ||
| Q3 25 | $-1.14 | $-0.36 | ||
| Q2 25 | $-0.93 | $-0.62 | ||
| Q1 25 | $-1.21 | $-0.51 | ||
| Q4 24 | $-7.14 | $-2.01 | ||
| Q3 24 | $-1.56 | $-0.51 | ||
| Q2 24 | $-3.62 | $-0.03 | ||
| Q1 24 | $-2.62 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $7.9M |
| Total DebtLower is stronger | $13.3M | $15.3M |
| Stockholders' EquityBook value | $14.5M | $2.9M |
| Total Assets | $152.0M | $30.5M |
| Debt / EquityLower = less leverage | 0.92× | 5.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $7.9M | ||
| Q3 25 | — | $7.1M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $6.5M | ||
| Q4 24 | — | $7.3M | ||
| Q3 24 | — | $7.1M | ||
| Q2 24 | — | $5.5M | ||
| Q1 24 | — | $5.2M |
| Q4 25 | — | $15.3M | ||
| Q3 25 | $13.3M | $15.3M | ||
| Q2 25 | $10.0M | $15.0M | ||
| Q1 25 | $10.2M | $15.0M | ||
| Q4 24 | $7.1M | $15.0M | ||
| Q3 24 | $8.1M | $15.0M | ||
| Q2 24 | $9.0M | $15.0M | ||
| Q1 24 | — | $15.0M |
| Q4 25 | — | $2.9M | ||
| Q3 25 | $14.5M | $1.3M | ||
| Q2 25 | $-19.5M | $532.0K | ||
| Q1 25 | $-16.1M | $3.0M | ||
| Q4 24 | $-12.5M | $5.0M | ||
| Q3 24 | $20.9M | $9.4M | ||
| Q2 24 | $24.4M | $9.5M | ||
| Q1 24 | $21.5M | $9.4M |
| Q4 25 | — | $30.5M | ||
| Q3 25 | $152.0M | $30.7M | ||
| Q2 25 | $92.0M | $29.5M | ||
| Q1 25 | $90.0M | $33.0M | ||
| Q4 24 | $88.0M | $34.9M | ||
| Q3 24 | $97.3M | $39.4M | ||
| Q2 24 | $98.7M | $38.8M | ||
| Q1 24 | $90.6M | $39.2M |
| Q4 25 | — | 5.28× | ||
| Q3 25 | 0.92× | 11.65× | ||
| Q2 25 | — | 28.20× | ||
| Q1 25 | — | 5.04× | ||
| Q4 24 | — | 3.02× | ||
| Q3 24 | 0.39× | 1.60× | ||
| Q2 24 | 0.37× | 1.58× | ||
| Q1 24 | — | 1.59× |
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 | $-239.0K |
| Free Cash FlowOCF − Capex | $-6.8M | $-551.0K |
| FCF MarginFCF / Revenue | -81.4% | -5.9% |
| Capex IntensityCapex / Revenue | 55.2% | 3.4% |
| Cash ConversionOCF / Net Profit | — | -4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-239.0K | ||
| Q3 25 | $-2.2M | $-64.0K | ||
| Q2 25 | $-1.1M | $-1.9M | ||
| Q1 25 | $-177.0K | $-550.0K | ||
| Q4 24 | $-5.1M | $703.0K | ||
| Q3 24 | $61.0K | $-302.0K | ||
| Q2 24 | $-7.3M | $591.0K | ||
| Q1 24 | $3.9M | $-804.0K |
| Q4 25 | — | $-551.0K | ||
| Q3 25 | $-6.8M | $-1.1M | ||
| Q2 25 | $-9.7M | $-2.0M | ||
| Q1 25 | $-4.0M | $-749.0K | ||
| Q4 24 | $-13.9M | $199.0K | ||
| Q3 24 | $-3.4M | $-364.0K | ||
| Q2 24 | $-7.6M | $246.0K | ||
| Q1 24 | $3.3M | $-1.5M |
| Q4 25 | — | -5.9% | ||
| Q3 25 | -81.4% | -15.6% | ||
| Q2 25 | -156.8% | -26.1% | ||
| Q1 25 | -67.1% | -11.0% | ||
| Q4 24 | -168.3% | 2.1% | ||
| Q3 24 | -44.8% | -4.1% | ||
| Q2 24 | -78.2% | 2.9% | ||
| Q1 24 | 26.5% | -22.6% |
| Q4 25 | — | 3.4% | ||
| Q3 25 | 55.2% | 14.7% | ||
| Q2 25 | 139.0% | 0.8% | ||
| Q1 25 | 64.2% | 2.9% | ||
| Q4 24 | 107.0% | 5.3% | ||
| Q3 24 | 45.6% | 0.7% | ||
| Q2 24 | 2.5% | 4.1% | ||
| Q1 24 | 4.2% | 10.7% |
| Q4 25 | — | -4.12× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
SSKN
| Dermatology Recurring Procedures | $6.1M | 65% |
| Dermatology Procedures Equipment | $3.2M | 35% |
