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Side-by-side financial comparison of Soluna Holdings, Inc (SLNH) and cbdMD, Inc. (YCBD). Click either name above to swap in a different company.
Soluna Holdings, Inc is the larger business by last-quarter revenue ($8.4M vs $5.0M, roughly 1.7× cbdMD, Inc.). cbdMD, Inc. runs the higher net margin — -5.6% vs -284.7%, a 279.0% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -1.9%). cbdMD, Inc. produced more free cash flow last quarter ($-977.3K vs $-6.8M). Over the past eight quarters, cbdMD, Inc.'s revenue compounded faster (7.1% CAGR vs -8.8%).
cbdMD, Inc. is a U.S.-based consumer wellness company that manufactures and distributes hemp-derived CBD products, including tinctures, topicals, gummies, pet care items, and bath products. All offerings undergo third-party quality testing, and are sold via e-commerce platforms, brick-and-mortar retail stores, and wellness partner channels primarily across the United States.
SLNH vs YCBD — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $8.4M | $5.0M |
| Net Profit | $-24.0M | $-283.1K |
| Gross Margin | 9.5% | 59.8% |
| Operating Margin | -92.5% | -5.7% |
| Net Margin | -284.7% | -5.6% |
| Revenue YoY | 11.8% | -1.9% |
| Net Profit YoY | -233.2% | -1975.7% |
| EPS (diluted) | $-1.14 | — |
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 | — | $5.0M | ||
| Q3 25 | $8.4M | $4.7M | ||
| Q2 25 | $6.2M | $4.6M | ||
| Q1 25 | $5.9M | $4.7M | ||
| Q4 24 | $8.3M | $5.1M | ||
| Q3 24 | $7.5M | $4.6M | ||
| Q2 24 | $9.7M | $5.2M | ||
| Q1 24 | $12.5M | $4.4M |
| Q4 25 | — | $-283.1K | ||
| Q3 25 | $-24.0M | $-680.0K | ||
| Q2 25 | $-7.4M | $-895.3K | ||
| Q1 25 | $-7.6M | $-480.8K | ||
| Q4 24 | $-40.0M | $15.1K | ||
| Q3 24 | $-7.2M | $-152.8K | ||
| Q2 24 | $-10.9M | $459.7K | ||
| Q1 24 | $-5.3M | $-3.0M |
| Q4 25 | — | 59.8% | ||
| Q3 25 | 9.5% | 58.8% | ||
| Q2 25 | 6.3% | 61.5% | ||
| Q1 25 | 5.7% | 62.3% | ||
| Q4 24 | -360.8% | 66.5% | ||
| Q3 24 | -39.1% | 53.9% | ||
| Q2 24 | 34.6% | 65.8% | ||
| Q1 24 | 45.4% | 59.0% |
| Q4 25 | — | -5.7% | ||
| Q3 25 | -92.5% | -14.5% | ||
| Q2 25 | -107.6% | -19.6% | ||
| Q1 25 | -120.9% | -10.2% | ||
| Q4 24 | -426.0% | -1.7% | ||
| Q3 24 | -119.8% | -6.9% | ||
| Q2 24 | -38.0% | -7.4% | ||
| Q1 24 | 3.2% | -35.4% |
| Q4 25 | — | -5.6% | ||
| Q3 25 | -284.7% | -14.4% | ||
| Q2 25 | -119.9% | -19.4% | ||
| Q1 25 | -127.3% | -10.1% | ||
| Q4 24 | -483.8% | 0.3% | ||
| Q3 24 | -95.5% | -3.4% | ||
| Q2 24 | -112.4% | 8.9% | ||
| Q1 24 | -41.9% | -68.8% |
| Q4 25 | — | — | ||
| Q3 25 | $-1.14 | — | ||
| Q2 25 | $-0.93 | — | ||
| Q1 25 | $-1.21 | — | ||
| Q4 24 | $-7.14 | — | ||
| Q3 24 | $-1.56 | — | ||
| Q2 24 | $-3.62 | $-0.15 | ||
| Q1 24 | $-2.62 | $-1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $3.4M |
| Total DebtLower is stronger | $13.3M | — |
| Stockholders' EquityBook value | $14.5M | $9.0M |
| Total Assets | $152.0M | $11.8M |
| Debt / EquityLower = less leverage | 0.92× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $3.4M | ||
| Q3 25 | — | $2.3M | ||
| Q2 25 | — | $1.1M | ||
| Q1 25 | — | $1.8M | ||
| Q4 24 | — | $2.0M | ||
| Q3 24 | — | $2.5M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $2.1M |
| 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 | — | — |
| Q4 25 | — | $9.0M | ||
| Q3 25 | $14.5M | $7.2M | ||
| Q2 25 | $-19.5M | $6.1M | ||
| Q1 25 | $-16.1M | $665.8K | ||
| Q4 24 | $-12.5M | $1.8M | ||
| Q3 24 | $20.9M | $2.0M | ||
| Q2 24 | $24.4M | $3.0M | ||
| Q1 24 | $21.5M | $3.1M |
| Q4 25 | — | $11.8M | ||
| Q3 25 | $152.0M | $10.4M | ||
| Q2 25 | $92.0M | $9.9M | ||
| Q1 25 | $90.0M | $10.9M | ||
| Q4 24 | $88.0M | $11.5M | ||
| Q3 24 | $97.3M | $10.6M | ||
| Q2 24 | $98.7M | $13.8M | ||
| Q1 24 | $90.6M | $14.6M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.2M | $-812.5K |
| Free Cash FlowOCF − Capex | $-6.8M | $-977.3K |
| FCF MarginFCF / Revenue | -81.4% | -19.5% |
| Capex IntensityCapex / Revenue | 55.2% | 3.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.4M | $-2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-812.5K | ||
| Q3 25 | $-2.2M | $-240.7K | ||
| Q2 25 | $-1.1M | $-704.2K | ||
| Q1 25 | $-177.0K | $-189.5K | ||
| Q4 24 | $-5.1M | $-317.9K | ||
| Q3 24 | $61.0K | $167.4K | ||
| Q2 24 | $-7.3M | $289.8K | ||
| Q1 24 | $3.9M | $-704.1K |
| Q4 25 | — | $-977.3K | ||
| Q3 25 | $-6.8M | $-243.6K | ||
| Q2 25 | $-9.7M | $-705.7K | ||
| Q1 25 | $-4.0M | $-205.0K | ||
| Q4 24 | $-13.9M | $-482.3K | ||
| Q3 24 | $-3.4M | $157.4K | ||
| Q2 24 | $-7.6M | — | ||
| Q1 24 | $3.3M | $-708.7K |
| Q4 25 | — | -19.5% | ||
| Q3 25 | -81.4% | -5.2% | ||
| Q2 25 | -156.8% | -15.3% | ||
| Q1 25 | -67.1% | -4.3% | ||
| Q4 24 | -168.3% | -9.4% | ||
| Q3 24 | -44.8% | 3.5% | ||
| Q2 24 | -78.2% | — | ||
| Q1 24 | 26.5% | -16.2% |
| Q4 25 | — | 3.3% | ||
| Q3 25 | 55.2% | 0.1% | ||
| Q2 25 | 139.0% | 0.0% | ||
| Q1 25 | 64.2% | 0.3% | ||
| Q4 24 | 107.0% | 3.2% | ||
| Q3 24 | 45.6% | 0.2% | ||
| Q2 24 | 2.5% | 0.0% | ||
| Q1 24 | 4.2% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | -21.06× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.63× | ||
| 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% |
YCBD
| Sales Channel Directly To Consumer | $3.6M | 72% |
| Sales Channel Through Intermediary | $1.4M | 28% |
