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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and TECHPRECISION CORP (TPCS). Click either name above to swap in a different company.
Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $7.1M, roughly 1.2× TECHPRECISION CORP). TECHPRECISION CORP runs the higher net margin — -20.8% vs -284.7%, a 263.9% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -6.9%). TECHPRECISION CORP produced more free cash flow last quarter ($-827.0K vs $-6.8M). Over the past eight quarters, Soluna Holdings, Inc's revenue compounded faster (-8.8% CAGR vs -9.2%).
TechPrecision Corp is a manufacturer of custom high-precision metal fabricated components and integrated systems, serving aerospace, defense, medical technology, renewable energy, and industrial end markets primarily across North America and Europe. It specializes in producing tight-tolerance, mission-critical parts that adhere to rigorous industry quality requirements.
SLNH vs TPCS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $7.1M |
| Net Profit | $-24.0M | $-1.5M |
| Gross Margin | 9.5% | 5.4% |
| Operating Margin | -92.5% | -19.1% |
| Net Margin | -284.7% | -20.8% |
| Revenue YoY | 11.8% | -6.9% |
| Net Profit YoY | -233.2% | -84.4% |
| EPS (diluted) | $-1.14 | $-0.15 |
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 | — | $7.1M | ||
| Q3 25 | $8.4M | $9.1M | ||
| Q2 25 | $6.2M | $7.4M | ||
| Q1 25 | $5.9M | $9.5M | ||
| Q4 24 | $8.3M | $7.6M | ||
| Q3 24 | $7.5M | $8.9M | ||
| Q2 24 | $9.7M | $8.0M | ||
| Q1 24 | $12.5M | $8.6M |
| Q4 25 | — | $-1.5M | ||
| Q3 25 | $-24.0M | $825.0K | ||
| Q2 25 | $-7.4M | $-597.0K | ||
| Q1 25 | $-7.6M | $112.0K | ||
| Q4 24 | $-40.0M | $-799.0K | ||
| Q3 24 | $-7.2M | $-601.0K | ||
| Q2 24 | $-10.9M | $-1.5M | ||
| Q1 24 | $-5.3M | $-5.1M |
| Q4 25 | — | 5.4% | ||
| Q3 25 | 9.5% | 27.1% | ||
| Q2 25 | 6.3% | 14.0% | ||
| Q1 25 | 5.7% | 22.0% | ||
| Q4 24 | -360.8% | 13.0% | ||
| Q3 24 | -39.1% | 11.3% | ||
| Q2 24 | 34.6% | 3.0% | ||
| Q1 24 | 45.4% | 14.3% |
| Q4 25 | — | -19.1% | ||
| Q3 25 | -92.5% | 10.4% | ||
| Q2 25 | -107.6% | -6.3% | ||
| Q1 25 | -120.9% | 3.9% | ||
| Q4 24 | -426.0% | -9.1% | ||
| Q3 24 | -119.8% | -5.5% | ||
| Q2 24 | -38.0% | -16.8% | ||
| Q1 24 | 3.2% | -28.6% |
| Q4 25 | — | -20.8% | ||
| Q3 25 | -284.7% | 9.1% | ||
| Q2 25 | -119.9% | -8.1% | ||
| Q1 25 | -127.3% | 1.2% | ||
| Q4 24 | -483.8% | -10.5% | ||
| Q3 24 | -95.5% | -6.7% | ||
| Q2 24 | -112.4% | -18.3% | ||
| Q1 24 | -41.9% | -59.5% |
| Q4 25 | — | $-0.15 | ||
| Q3 25 | $-1.14 | $0.08 | ||
| Q2 25 | $-0.93 | $-0.06 | ||
| Q1 25 | $-1.21 | $0.01 | ||
| Q4 24 | $-7.14 | $-0.08 | ||
| Q3 24 | $-1.56 | $-0.06 | ||
| Q2 24 | $-3.62 | $-0.16 | ||
| Q1 24 | $-2.62 | $-0.59 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $50.0K |
| Total DebtLower is stronger | $13.3M | — |
| Stockholders' EquityBook value | $14.5M | $8.0M |
| Total Assets | $152.0M | $32.8M |
| Debt / EquityLower = less leverage | 0.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.0K | ||
| Q3 25 | — | $220.0K | ||
| Q2 25 | — | $143.0K | ||
| Q1 25 | — | $195.0K | ||
| Q4 24 | — | $165.0K | ||
| Q3 24 | — | $132.0K | ||
| Q2 24 | — | $44.8K | ||
| Q1 24 | — | $138.0K |
| Q4 25 | — | — | ||
| Q3 25 | $13.3M | — | ||
| Q2 25 | $10.0M | — | ||
| Q1 25 | $10.2M | $3.0K | ||
| Q4 24 | $7.1M | $19.0K | ||
| Q3 24 | $8.1M | — | ||
| Q2 24 | $9.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $8.0M | ||
| Q3 25 | $14.5M | $9.1M | ||
| Q2 25 | $-19.5M | $8.2M | ||
| Q1 25 | $-16.1M | $8.7M | ||
| Q4 24 | $-12.5M | $8.1M | ||
| Q3 24 | $20.9M | $8.9M | ||
| Q2 24 | $24.4M | $7.9M | ||
| Q1 24 | $21.5M | $7.8M |
| Q4 25 | — | $32.8M | ||
| Q3 25 | $152.0M | $33.8M | ||
| Q2 25 | $92.0M | $32.1M | ||
| Q1 25 | $90.0M | $33.5M | ||
| Q4 24 | $88.0M | $32.2M | ||
| Q3 24 | $97.3M | $35.0M | ||
| Q2 24 | $98.7M | $35.7M | ||
| Q1 24 | $90.6M | $34.7M |
| Q4 25 | — | — | ||
| Q3 25 | 0.92× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.00× | ||
| 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 | $183.0K |
| Free Cash FlowOCF − Capex | $-6.8M | $-827.0K |
| FCF MarginFCF / Revenue | -81.4% | -11.7% |
| Capex IntensityCapex / Revenue | 55.2% | 14.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | $-4.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $183.0K | ||
| Q3 25 | $-2.2M | $-1.1M | ||
| Q2 25 | $-1.1M | $646.0K | ||
| Q1 25 | $-177.0K | $396.0K | ||
| Q4 24 | $-5.1M | $-570.0K | ||
| Q3 24 | $61.0K | $-532.0K | ||
| Q2 24 | $-7.3M | $107.0K | ||
| Q1 24 | $3.9M | $-452.0K |
| Q4 25 | — | $-827.0K | ||
| Q3 25 | $-6.8M | $-2.1M | ||
| Q2 25 | $-9.7M | $-604.0K | ||
| Q1 25 | $-4.0M | $-930.0K | ||
| Q4 24 | $-13.9M | $-1.7M | ||
| Q3 24 | $-3.4M | $-2.0M | ||
| Q2 24 | $-7.6M | $-94.0K | ||
| Q1 24 | $3.3M | $-900.0K |
| Q4 25 | — | -11.7% | ||
| Q3 25 | -81.4% | -22.9% | ||
| Q2 25 | -156.8% | -8.2% | ||
| Q1 25 | -67.1% | -9.8% | ||
| Q4 24 | -168.3% | -22.9% | ||
| Q3 24 | -44.8% | -21.8% | ||
| Q2 24 | -78.2% | -1.2% | ||
| Q1 24 | 26.5% | -10.5% |
| Q4 25 | — | 14.2% | ||
| Q3 25 | 55.2% | 11.0% | ||
| Q2 25 | 139.0% | 16.9% | ||
| Q1 25 | 64.2% | 14.0% | ||
| Q4 24 | 107.0% | 15.4% | ||
| Q3 24 | 45.6% | 15.9% | ||
| Q2 24 | 2.5% | 2.5% | ||
| Q1 24 | 4.2% | 5.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | -1.31× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.54× | ||
| 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% |
TPCS
| Defense | $6.7M | 94% |
| Other | $410.0K | 6% |
