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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and TRANSACT TECHNOLOGIES INC (TACT). Click either name above to swap in a different company.

TRANSACT TECHNOLOGIES INC is the larger business by last-quarter revenue ($11.5M vs $8.4M, roughly 1.4× Soluna Holdings, Inc). On growth, TRANSACT TECHNOLOGIES INC posted the faster year-over-year revenue change (11.9% vs 11.8%). TRANSACT TECHNOLOGIES INC produced more free cash flow last quarter ($589.0K vs $-6.8M). Over the past eight quarters, TRANSACT TECHNOLOGIES INC's revenue compounded faster (3.5% CAGR vs -8.8%).

SLNH vs TACT — Head-to-Head

Bigger by revenue
TACT
TACT
1.4× larger
TACT
$11.5M
$8.4M
SLNH
Growing faster (revenue YoY)
TACT
TACT
+0.1% gap
TACT
11.9%
11.8%
SLNH
More free cash flow
TACT
TACT
$7.4M more FCF
TACT
$589.0K
$-6.8M
SLNH
Faster 2-yr revenue CAGR
TACT
TACT
Annualised
TACT
3.5%
-8.8%
SLNH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
SLNH
SLNH
TACT
TACT
Revenue
$8.4M
$11.5M
Net Profit
$-24.0M
Gross Margin
9.5%
47.6%
Operating Margin
-92.5%
-10.1%
Net Margin
-284.7%
Revenue YoY
11.8%
11.9%
Net Profit YoY
-233.2%
EPS (diluted)
$-1.14
$-0.11

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
TACT
TACT
Q4 25
$11.5M
Q3 25
$8.4M
$13.2M
Q2 25
$6.2M
$13.8M
Q1 25
$5.9M
$13.1M
Q4 24
$8.3M
$10.2M
Q3 24
$7.5M
$10.9M
Q2 24
$9.7M
$11.6M
Q1 24
$12.5M
$10.7M
Net Profit
SLNH
SLNH
TACT
TACT
Q4 25
Q3 25
$-24.0M
$15.0K
Q2 25
$-7.4M
$-143.0K
Q1 25
$-7.6M
$19.0K
Q4 24
$-40.0M
Q3 24
$-7.2M
$-551.0K
Q2 24
$-10.9M
$-319.0K
Q1 24
$-5.3M
$-1.0M
Gross Margin
SLNH
SLNH
TACT
TACT
Q4 25
47.6%
Q3 25
9.5%
49.8%
Q2 25
6.3%
48.2%
Q1 25
5.7%
48.7%
Q4 24
-360.8%
44.2%
Q3 24
-39.1%
48.1%
Q2 24
34.6%
52.7%
Q1 24
45.4%
52.6%
Operating Margin
SLNH
SLNH
TACT
TACT
Q4 25
-10.1%
Q3 25
-92.5%
0.1%
Q2 25
-107.6%
-1.9%
Q1 25
-120.9%
-0.1%
Q4 24
-426.0%
-10.3%
Q3 24
-119.8%
-7.7%
Q2 24
-38.0%
-3.8%
Q1 24
3.2%
-12.2%
Net Margin
SLNH
SLNH
TACT
TACT
Q4 25
Q3 25
-284.7%
0.1%
Q2 25
-119.9%
-1.0%
Q1 25
-127.3%
0.1%
Q4 24
-483.8%
Q3 24
-95.5%
-5.1%
Q2 24
-112.4%
-2.8%
Q1 24
-41.9%
-9.7%
EPS (diluted)
SLNH
SLNH
TACT
TACT
Q4 25
$-0.11
Q3 25
$-1.14
$0.00
Q2 25
$-0.93
$-0.01
Q1 25
$-1.21
$0.00
Q4 24
$-7.14
$-0.80
Q3 24
$-1.56
$-0.06
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
SLNH
SLNH
TACT
TACT
Cash + ST InvestmentsLiquidity on hand
$20.4M
Total DebtLower is stronger
$13.3M
Stockholders' EquityBook value
$14.5M
$31.1M
Total Assets
$152.0M
$44.8M
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNH
SLNH
TACT
TACT
Q4 25
$20.4M
Q3 25
$20.0M
Q2 25
$17.7M
Q1 25
$14.2M
Q4 24
$14.4M
Q3 24
$11.3M
Q2 24
$11.1M
Q1 24
$10.6M
Total Debt
SLNH
SLNH
TACT
TACT
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
TACT
TACT
Q4 25
$31.1M
Q3 25
$14.5M
$31.8M
Q2 25
$-19.5M
$31.3M
Q1 25
$-16.1M
$30.9M
Q4 24
$-12.5M
$30.6M
Q3 24
$20.9M
$38.4M
Q2 24
$24.4M
$38.5M
Q1 24
$21.5M
$38.6M
Total Assets
SLNH
SLNH
TACT
TACT
Q4 25
$44.8M
Q3 25
$152.0M
$45.0M
Q2 25
$92.0M
$44.5M
Q1 25
$90.0M
$44.2M
Q4 24
$88.0M
$44.0M
Q3 24
$97.3M
$50.5M
Q2 24
$98.7M
$50.4M
Q1 24
$90.6M
$51.9M
Debt / Equity
SLNH
SLNH
TACT
TACT
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
TACT
TACT
Operating Cash FlowLast quarter
$-2.2M
$609.0K
Free Cash FlowOCF − Capex
$-6.8M
$589.0K
FCF MarginFCF / Revenue
-81.4%
5.1%
Capex IntensityCapex / Revenue
55.2%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-34.4M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNH
SLNH
TACT
TACT
Q4 25
$609.0K
Q3 25
$-2.2M
$3.6M
Q2 25
$-1.1M
$3.6M
Q1 25
$-177.0K
$-161.0K
Q4 24
$-5.1M
$2.4M
Q3 24
$61.0K
$327.0K
Q2 24
$-7.3M
$636.0K
Q1 24
$3.9M
$-1.5M
Free Cash Flow
SLNH
SLNH
TACT
TACT
Q4 25
$589.0K
Q3 25
$-6.8M
$3.6M
Q2 25
$-9.7M
$3.6M
Q1 25
$-4.0M
$-171.0K
Q4 24
$-13.9M
$2.4M
Q3 24
$-3.4M
$259.0K
Q2 24
$-7.6M
$499.0K
Q1 24
$3.3M
$-1.6M
FCF Margin
SLNH
SLNH
TACT
TACT
Q4 25
5.1%
Q3 25
-81.4%
27.1%
Q2 25
-156.8%
25.9%
Q1 25
-67.1%
-1.3%
Q4 24
-168.3%
23.2%
Q3 24
-44.8%
2.4%
Q2 24
-78.2%
4.3%
Q1 24
26.5%
-14.9%
Capex Intensity
SLNH
SLNH
TACT
TACT
Q4 25
0.2%
Q3 25
55.2%
0.5%
Q2 25
139.0%
0.1%
Q1 25
64.2%
0.1%
Q4 24
107.0%
0.1%
Q3 24
45.6%
0.6%
Q2 24
2.5%
1.2%
Q1 24
4.2%
1.0%
Cash Conversion
SLNH
SLNH
TACT
TACT
Q4 25
Q3 25
242.00×
Q2 25
Q1 25
-8.47×
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
SLNH

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

TACT
TACT

Segment breakdown not available.

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