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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and Worksport Ltd (WKSP). Click either name above to swap in a different company.
Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $4.7M, roughly 1.8× Worksport Ltd). On growth, Worksport Ltd posted the faster year-over-year revenue change (62.0% vs 11.8%). Worksport Ltd produced more free cash flow last quarter ($-6.3M vs $-6.8M). Over the past eight quarters, Worksport Ltd's revenue compounded faster (204.2% CAGR vs -8.8%).
Worksport LtdWKSPEarnings & Financial Report
Worksport Ltd is a cleantech company specializing in portable solar energy solutions and custom truck bed accessories. Its core offerings include solar-powered tonneau covers for pickup trucks and portable mobile power stations, serving the North American automotive aftermarket and consumer clean energy segments.
SLNH vs WKSP — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $4.7M |
| Net Profit | $-24.0M | — |
| Gross Margin | 9.5% | 30.1% |
| Operating Margin | -92.5% | -129.6% |
| Net Margin | -284.7% | — |
| Revenue YoY | 11.8% | 62.0% |
| Net Profit YoY | -233.2% | — |
| EPS (diluted) | $-1.14 | $-0.65 |
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 | — | $4.7M | ||
| Q3 25 | $8.4M | $5.0M | ||
| Q2 25 | $6.2M | $4.1M | ||
| Q1 25 | $5.9M | $2.2M | ||
| Q4 24 | $8.3M | $2.9M | ||
| Q3 24 | $7.5M | $3.1M | ||
| Q2 24 | $9.7M | $1.9M | ||
| Q1 24 | $12.5M | $512.6K |
| Q4 25 | — | — | ||
| Q3 25 | $-24.0M | $-4.9M | ||
| Q2 25 | $-7.4M | $-3.7M | ||
| Q1 25 | $-7.6M | $-4.5M | ||
| Q4 24 | $-40.0M | — | ||
| Q3 24 | $-7.2M | $-4.1M | ||
| Q2 24 | $-10.9M | $-4.0M | ||
| Q1 24 | $-5.3M | $-3.7M |
| Q4 25 | — | 30.1% | ||
| Q3 25 | 9.5% | 31.3% | ||
| Q2 25 | 6.3% | 26.4% | ||
| Q1 25 | 5.7% | 17.7% | ||
| Q4 24 | -360.8% | 11.1% | ||
| Q3 24 | -39.1% | 7.9% | ||
| Q2 24 | 34.6% | 15.4% | ||
| Q1 24 | 45.4% | 7.3% |
| Q4 25 | — | -129.6% | ||
| Q3 25 | -92.5% | -95.6% | ||
| Q2 25 | -107.6% | -88.1% | ||
| Q1 25 | -120.9% | -190.0% | ||
| Q4 24 | -426.0% | -137.0% | ||
| Q3 24 | -119.8% | -125.1% | ||
| Q2 24 | -38.0% | -203.5% | ||
| Q1 24 | 3.2% | -709.9% |
| Q4 25 | — | — | ||
| Q3 25 | -284.7% | -98.3% | ||
| Q2 25 | -119.9% | -91.0% | ||
| Q1 25 | -127.3% | -199.1% | ||
| Q4 24 | -483.8% | — | ||
| Q3 24 | -95.5% | -132.4% | ||
| Q2 24 | -112.4% | -208.9% | ||
| Q1 24 | -41.9% | -724.6% |
| Q4 25 | — | $-0.65 | ||
| Q3 25 | $-1.14 | $-0.75 | ||
| Q2 25 | $-0.93 | $-0.71 | ||
| Q1 25 | $-1.21 | $-1.05 | ||
| Q4 24 | $-7.14 | $-1.14 | ||
| Q3 24 | $-1.56 | $-1.40 | ||
| Q2 24 | $-3.62 | $-1.55 | ||
| Q1 24 | $-2.62 | $-1.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.9M |
| Total DebtLower is stronger | $13.3M | $2.7M |
| Stockholders' EquityBook value | $14.5M | $22.9M |
| Total Assets | $152.0M | $30.7M |
| Debt / EquityLower = less leverage | 0.92× | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.9M | ||
| Q3 25 | — | $3.8M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | $5.1M | ||
| Q4 24 | — | $4.9M | ||
| Q3 24 | — | $1.9M | ||
| Q2 24 | — | $3.4M | ||
| Q1 24 | — | $3.5M |
| Q4 25 | — | $2.7M | ||
| Q3 25 | $13.3M | $2.9M | ||
| Q2 25 | $10.0M | $2.5M | ||
| Q1 25 | $10.2M | $3.1M | ||
| Q4 24 | $7.1M | $5.3M | ||
| Q3 24 | $8.1M | — | ||
| Q2 24 | $9.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | $22.9M | ||
| Q3 25 | $14.5M | $19.8M | ||
| Q2 25 | $-19.5M | $17.3M | ||
| Q1 25 | $-16.1M | $20.1M | ||
| Q4 24 | $-12.5M | $17.4M | ||
| Q3 24 | $20.9M | $16.4M | ||
| Q2 24 | $24.4M | $19.1M | ||
| Q1 24 | $21.5M | $18.9M |
| Q4 25 | — | $30.7M | ||
| Q3 25 | $152.0M | $27.0M | ||
| Q2 25 | $92.0M | $23.6M | ||
| Q1 25 | $90.0M | $26.7M | ||
| Q4 24 | $88.0M | $25.7M | ||
| Q3 24 | $97.3M | $24.9M | ||
| Q2 24 | $98.7M | $27.2M | ||
| Q1 24 | $90.6M | $27.3M |
| Q4 25 | — | 0.12× | ||
| Q3 25 | 0.92× | 0.15× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.30× | ||
| 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 | $-6.1M |
| Free Cash FlowOCF − Capex | $-6.8M | $-6.3M |
| FCF MarginFCF / Revenue | -81.4% | -132.4% |
| Capex IntensityCapex / Revenue | 55.2% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | $-18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-6.1M | ||
| Q3 25 | $-2.2M | $-4.3M | ||
| Q2 25 | $-1.1M | $-3.1M | ||
| Q1 25 | $-177.0K | $-3.8M | ||
| Q4 24 | $-5.1M | $-2.2M | ||
| Q3 24 | $61.0K | $-1.5M | ||
| Q2 24 | $-7.3M | $-3.6M | ||
| Q1 24 | $3.9M | $-2.8M |
| Q4 25 | — | $-6.3M | ||
| Q3 25 | $-6.8M | $-4.6M | ||
| Q2 25 | $-9.7M | $-3.2M | ||
| Q1 25 | $-4.0M | $-4.0M | ||
| Q4 24 | $-13.9M | $-2.2M | ||
| Q3 24 | $-3.4M | $-1.7M | ||
| Q2 24 | $-7.6M | $-3.7M | ||
| Q1 24 | $3.3M | $-3.0M |
| Q4 25 | — | -132.4% | ||
| Q3 25 | -81.4% | -92.1% | ||
| Q2 25 | -156.8% | -77.1% | ||
| Q1 25 | -67.1% | -180.4% | ||
| Q4 24 | -168.3% | -75.4% | ||
| Q3 24 | -44.8% | -54.5% | ||
| Q2 24 | -78.2% | -195.1% | ||
| Q1 24 | 26.5% | -586.7% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 55.2% | 7.3% | ||
| Q2 25 | 139.0% | 1.7% | ||
| Q1 25 | 64.2% | 9.0% | ||
| Q4 24 | 107.0% | 0.9% | ||
| Q3 24 | 45.6% | 5.3% | ||
| Q2 24 | 2.5% | 6.4% | ||
| Q1 24 | 4.2% | 41.5% |
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% |
WKSP
Segment breakdown not available.
