SLNH · XBRL financial data
Soluna Holdings financial statements, every fiscal year
The same tables from 7 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (SLNH's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 9,599 | 14,345 | 28,547 | 21,066 | 38,021 | — |
| Revenue from contracts with customers | — | — | — | — | 38,021 | 29,717 |
| Cost of revenue | — | — | — | 15,829 | 28,627 | 23,259 |
| Cost of goods and services sold | 2,669 | — | 36,506 | 15,829 | — | — |
| Gross profit | — | — | — | 2,770 | (23,736) | 1,798 |
| Research and development | 1,491 | — | — | — | — | — |
| Selling, general and administrative | 3,584 | 10,751 | 28,709 | 24,903 | 28,194 | 40,127 |
| General and administrative | — | 9,170 | 19,203 | 15,390 | 18,581 | 30,519 |
| Operating income (loss) | 1,450 | (4,476) | (84,790) | (20,241) | (47,523) | (33,681) |
| Interest expense | — | 1,879 | 8,375 | 2,748 | 2,527 | 4,835 |
| Other income (expense) | 104 | 11 | 22 | (1,479) | (3,357) | (700) |
| Income tax expense (benefit) | (392) | 44 | (1,346) | (1,067) | (2,487) | (2,316) |
| Net income (loss) | 1,946 | (5,261) | (98,715) | (29,201) | (63,334) | (53,411) |
| Earnings per share, basic USD per share | 0.20 | (0.50) | (6.89) | (27.79) | (12.15) | (2.38) |
| Earnings per share, diluted USD per share | 0.20 | (0.50) | (174.41) | (27.79) | (12.15) | (2.38) |
| Weighted average shares, basic thousands of shares | 9,582 | 11,840 | 14,983 | 1,314 | 6,281 | 29,049 |
| Weighted average shares, diluted thousands of shares | 9,635 | 11,840 | 14,983 | 1,314 | 6,281 | 29,049 |
Balance sheet
CSVFiscal years (SLNH's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 2,630 | 10,258 | 1,136 | 6,368 | 7,843 | 76,423 |
| Accounts receivable | 975 | 531 | 320 | 2,948 | 2,693 | 5,522 |
| Inventory | 828 | — | — | — | — | — |
| Prepaid and other current assets | 346 | 977 | 1,326 | 1,416 | 1,768 | 2,664 |
| Total current assets | 4,779 | 24,982 | 4,642 | 14,284 | 13,495 | 92,127 |
| Property and equipment, net | 847 | 44,597 | 42,504 | 44,572 | 47,283 | 74,783 |
| Right-of-use asset | 1,203 | 405 | 233 | 431 | 313 | 252 |
| Total assets | 8,647 | 117,694 | 84,961 | 91,276 | 88,040 | 187,944 |
| Accounts payable | 300 | 2,958 | 3,548 | 2,099 | 2,840 | 4,859 |
| Accrued liabilities | 1,019 | 2,859 | 2,721 | 4,906 | 29,075 | 13,182 |
| Current portion of long-term debt | — | — | — | — | 14,444 | 8,858 |
| Total current liabilities | 1,637 | 15,683 | 29,516 | 28,175 | 47,873 | 49,189 |
| Total deposits | — | — | — | 975 | 975 | — |
| Long-term debt | — | — | — | — | 7,061 | 17,899 |
| Lease liability, non-current | 891 | 237 | 84 | 216 | 252 | 187 |
| Total liabilities | 2,731 | 26,706 | 38,689 | 37,917 | 60,678 | 75,698 |
| Accumulated deficit | (117,793) | (123,684) | (221,769) | (250,970) | (314,304) | (367,715) |
| Total stockholders' equity | 5,916 | 90,988 | 41,866 | 26,514 | (12,479) | 53,550 |
| Total liabilities and equity | 8,647 | 117,694 | 84,961 | 91,276 | 88,040 | 187,944 |
| Common shares outstanding (cover page) thousands of shares | 9,822 | 13,950 | 24,677 | 2,841 | 12,487 | 13,754 |
Cash flows
CSVFiscal years (SLNH's year ends in late December)
| In thousands of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 1,946 | (5,261) | (98,715) | (29,201) | (63,334) | (53,411) |
| Stock-based compensation | 54 | 1,941 | 3,673 | 4,225 | 5,311 | 10,566 |
| Net cash from operating activities | 1,622 | 4,635 | (6,118) | (2,987) | (5,069) | (9,149) |
| Purchases of property and equipment | 835 | 45,792 | 63,684 | 12,705 | 9,160 | 28,065 |
| Net cash from investing activities | (1,585) | (57,268) | (54,714) | (10,330) | (13,163) | (31,853) |
| Proceeds from issuing common stock | — | — | 2,858 | 817 | — | — |
| Proceeds from issuing equity | — | 17,250 | — | — | — | — |
| Share repurchases | — | — | — | — | 0 | 75 |
| Dividends paid | 0 | 630 | — | — | — | — |
| Net cash from financing activities | 83 | 59,381 | 42,942 | 21,863 | 18,318 | 119,392 |
| Net change in cash | — | — | (17,890) | 8,546 | 86 | 78,390 |
Compare with peers
SIC 6199 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6199 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Soluna Holdings | 113,364 | 15,060 | (5,183)* | 244.6M | 21.9 quarters | 10-QJun 30, 2026 |
| Axe Compute | 21,906 | not reported | not reported | 11.6M | — | 10-QJun 30, 2026 |
| OpenWorld | 5,092 | 1,908 | (291)* | 13.2M | 17.5 quarters | 10-QJun 30, 2026 |
| Beneficient | 5,582 | 12,165 | (4,105) | not reported | 1.4 quarters | 10-QJun 30, 2026 |
| Marygold Companies | 2,880 | 6,925* | 129* | 42.7M | — | 10-KJun 30, 2026 |
| Sono Group | 166 | not reported | not reported | 1.4M | — | 10-QJun 30, 2026 |
| House of Doge | 662 | 38 | (1,581) | 84.9M | 0.4 quarters | 10-QJun 30, 2026 |
| TON Strategy | 28,805 | 15,019 | not reported | 55.1M | — | 10-QJun 30, 2026 |
| HeartSciences | 30 | 2.1 | (1,319) | 4.8M | 0.0 quarters | 10-QJul 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.