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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and Ucommune International Ltd (UK). Click either name above to swap in a different company.

Ucommune International Ltd is the larger business by last-quarter revenue ($16.4M vs $8.4M, roughly 1.9× Soluna Holdings, Inc). Ucommune International Ltd runs the higher net margin — -42.2% vs -284.7%, a 242.5% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -56.1%). Ucommune International Ltd produced more free cash flow last quarter ($-892.0K vs $-6.8M).

Ucommune International Ltd., formerly known as UrWork, is a Beijing-based co-working space provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after WeWork, with properties in three dozen cities around the world, including Shanghai, Singapore, Hong Kong and New York City. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic unicorn in the Chinese co-working space, but by November 2018, Ucommune had completed i...

SLNH vs UK — Head-to-Head

Bigger by revenue
UK
UK
1.9× larger
UK
$16.4M
$8.4M
SLNH
Growing faster (revenue YoY)
SLNH
SLNH
+67.9% gap
SLNH
11.8%
-56.1%
UK
Higher net margin
UK
UK
242.5% more per $
UK
-42.2%
-284.7%
SLNH
More free cash flow
UK
UK
$6.0M more FCF
UK
$-892.0K
$-6.8M
SLNH

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
SLNH
SLNH
UK
UK
Revenue
$8.4M
$16.4M
Net Profit
$-24.0M
$-6.9M
Gross Margin
9.5%
Operating Margin
-92.5%
-23.6%
Net Margin
-284.7%
-42.2%
Revenue YoY
11.8%
-56.1%
Net Profit YoY
-233.2%
-30.2%
EPS (diluted)
$-1.14
$-8.55

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
UK
UK
Q3 25
$8.4M
Q2 25
$6.2M
Q1 25
$5.9M
Q4 24
$8.3M
Q3 24
$7.5M
Q2 24
$9.7M
$16.4M
Q1 24
$12.5M
Q4 23
$10.1M
Net Profit
SLNH
SLNH
UK
UK
Q3 25
$-24.0M
Q2 25
$-7.4M
Q1 25
$-7.6M
Q4 24
$-40.0M
Q3 24
$-7.2M
Q2 24
$-10.9M
$-6.9M
Q1 24
$-5.3M
Q4 23
$-6.7M
Gross Margin
SLNH
SLNH
UK
UK
Q3 25
9.5%
Q2 25
6.3%
Q1 25
5.7%
Q4 24
-360.8%
Q3 24
-39.1%
Q2 24
34.6%
Q1 24
45.4%
Q4 23
42.4%
Operating Margin
SLNH
SLNH
UK
UK
Q3 25
-92.5%
Q2 25
-107.6%
Q1 25
-120.9%
Q4 24
-426.0%
Q3 24
-119.8%
Q2 24
-38.0%
-23.6%
Q1 24
3.2%
Q4 23
-23.9%
Net Margin
SLNH
SLNH
UK
UK
Q3 25
-284.7%
Q2 25
-119.9%
Q1 25
-127.3%
Q4 24
-483.8%
Q3 24
-95.5%
Q2 24
-112.4%
-42.2%
Q1 24
-41.9%
Q4 23
-66.2%
EPS (diluted)
SLNH
SLNH
UK
UK
Q3 25
$-1.14
Q2 25
$-0.93
Q1 25
$-1.21
Q4 24
$-7.14
Q3 24
$-1.56
Q2 24
$-3.62
$-8.55
Q1 24
$-2.62
Q4 23
$-1.99

Balance Sheet & Financial Strength

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

Metric
SLNH
SLNH
UK
UK
Cash + ST InvestmentsLiquidity on hand
$10.7M
Total DebtLower is stronger
$13.3M
Stockholders' EquityBook value
$14.5M
$4.7M
Total Assets
$152.0M
$68.0M
Debt / EquityLower = less leverage
0.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNH
SLNH
UK
UK
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$10.7M
Q1 24
Q4 23
Total Debt
SLNH
SLNH
UK
UK
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 23
Stockholders' Equity
SLNH
SLNH
UK
UK
Q3 25
$14.5M
Q2 25
$-19.5M
Q1 25
$-16.1M
Q4 24
$-12.5M
Q3 24
$20.9M
Q2 24
$24.4M
$4.7M
Q1 24
$21.5M
Q4 23
$26.5M
Total Assets
SLNH
SLNH
UK
UK
Q3 25
$152.0M
Q2 25
$92.0M
Q1 25
$90.0M
Q4 24
$88.0M
Q3 24
$97.3M
Q2 24
$98.7M
$68.0M
Q1 24
$90.6M
Q4 23
$91.3M
Debt / Equity
SLNH
SLNH
UK
UK
Q3 25
0.92×
Q2 25
Q1 25
Q4 24
Q3 24
0.39×
Q2 24
0.37×
Q1 24
Q4 23

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
UK
UK
Operating Cash FlowLast quarter
$-2.2M
$-677.0K
Free Cash FlowOCF − Capex
$-6.8M
$-892.0K
FCF MarginFCF / Revenue
-81.4%
-5.5%
Capex IntensityCapex / Revenue
55.2%
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-34.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNH
SLNH
UK
UK
Q3 25
$-2.2M
Q2 25
$-1.1M
Q1 25
$-177.0K
Q4 24
$-5.1M
Q3 24
$61.0K
Q2 24
$-7.3M
$-677.0K
Q1 24
$3.9M
Q4 23
$1.4M
Free Cash Flow
SLNH
SLNH
UK
UK
Q3 25
$-6.8M
Q2 25
$-9.7M
Q1 25
$-4.0M
Q4 24
$-13.9M
Q3 24
$-3.4M
Q2 24
$-7.6M
$-892.0K
Q1 24
$3.3M
Q4 23
$1.2M
FCF Margin
SLNH
SLNH
UK
UK
Q3 25
-81.4%
Q2 25
-156.8%
Q1 25
-67.1%
Q4 24
-168.3%
Q3 24
-44.8%
Q2 24
-78.2%
-5.5%
Q1 24
26.5%
Q4 23
12.3%
Capex Intensity
SLNH
SLNH
UK
UK
Q3 25
55.2%
Q2 25
139.0%
Q1 25
64.2%
Q4 24
107.0%
Q3 24
45.6%
Q2 24
2.5%
1.3%
Q1 24
4.2%
Q4 23
1.7%

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%

UK
UK

Segment breakdown not available.

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