# Soluna Holdings, Inc: overview

SLNH · Nasdaq · CIK 64463 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/slnh.md) · [Financials](/companies/slnh/financials.md) · [Filings](/companies/slnh/filings.md) · [Insiders](/companies/slnh/insiders.md)

Latest reported revenue: [$15.1m](/filings/0001628280-26-056702.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001628280-26-056702).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [7.5](/filings/0001493152-25-023503.md) | [8.3 d](/filings/0001628280-26-021847.md) | [5.9](/filings/0001628280-26-035538.md) | [6.2](/filings/0001628280-26-056702.md) | [8.4](/filings/0001493152-25-023503.md) | [9.2 d](/filings/0001628280-26-021847.md) | [9.4](/filings/0001628280-26-035538.md) | [15.1](/filings/0001628280-26-056702.md) |
| Gross margin | % | [(39.1%)](/filings/0001493152-25-023503.md) | [(360.7%) d](/filings/0001628280-26-021847.md) | [5.7%](/filings/0001628280-26-035538.md) | [6.3%](/filings/0001628280-26-056702.md) | [9.5%](/filings/0001493152-25-023503.md) | [6.0% d](/filings/0001628280-26-021847.md) | [5.2%](/filings/0001628280-26-035538.md) | [(8.4%)](/filings/0001628280-26-056702.md) |
| Operating margin | % | [(119.8%)](/filings/0001493152-25-023503.md) | [(426.0%) d](/filings/0001628280-26-021847.md) | [(120.9%)](/filings/0001628280-26-035538.md) | [(107.6%)](/filings/0001628280-26-056702.md) | [(92.5%)](/filings/0001493152-25-023503.md) | [(131.4%) d](/filings/0001628280-26-021847.md) | [(177.0%)](/filings/0001628280-26-035538.md) | [(112.5%)](/filings/0001628280-26-056702.md) |
| Net margin | % | [(95.5%)](/filings/0001493152-25-023503.md) | [(465.6%) d](/filings/0001493152-25-023503.md) | [(127.3%)](/filings/0001628280-26-035538.md) | [(119.9%)](/filings/0001628280-26-056702.md) | [(284.7%)](/filings/0001493152-25-023503.md) | [(174.5%) d](/filings/0001628280-26-056702.md) | [(185.9%)](/filings/0001628280-26-035538.md) | [(137.5%)](/filings/0001628280-26-056702.md) |
| Diluted EPS | $ per share | [(1.56)](/filings/0001628280-26-021847.md) | not reported | [(1.21)](/filings/0001628280-26-035538.md) | [(0.93)](/filings/0001628280-26-056702.md) | [(1.14)](/filings/0001493152-25-023503.md) | not reported | [(0.24)](/filings/0001628280-26-035538.md) | [(0.18)](/filings/0001628280-26-056702.md) |
| Free cash flow | $m | [(3.4) d](/filings/0001493152-25-023503.md) | [(6.8) d](/filings/0001628280-26-021847.md) | [(3.7)](/filings/0001628280-26-035538.md) | [(5.4) d](/filings/0001628280-26-056702.md) | [(11.4) d](/filings/0001493152-25-023503.md) | [(16.7) d](/filings/0001628280-26-021847.md) | [(8.9)](/filings/0001628280-26-035538.md) | [(12.1) d](/filings/0001628280-26-056702.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Net income: us-gaap:ProfitLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [14.3](/filings/0001493152-23-010333.md) | [28.5](/filings/0001493152-24-012303.md) | [21.1](/filings/0001641172-25-001756.md) | [38.0](/filings/0001628280-26-021847.md) | [29.7](/filings/0001628280-26-021847.md) |
| Gross margin | % | not reported | not reported | [13.1%](/filings/0001641172-25-001756.md) | [(62.4%)](/filings/0001628280-26-021847.md) | [6.1%](/filings/0001628280-26-021847.md) |
| Operating margin | % | [(31.2%)](/filings/0001493152-23-010333.md) | [(297.0%)](/filings/0001493152-24-012303.md) | [(96.1%)](/filings/0001641172-25-001756.md) | [(125.0%)](/filings/0001628280-26-021847.md) | [(113.3%)](/filings/0001628280-26-021847.md) |
| Net margin | % | [(36.7%)](/filings/0001493152-23-010333.md) | [(345.8%)](/filings/0001493152-24-012303.md) | [(138.6%)](/filings/0001641172-25-001756.md) | [(166.6%)](/filings/0001628280-26-021847.md) | [(179.7%)](/filings/0001628280-26-021847.md) |
| Diluted EPS | $ per share | [(0.50)](/filings/0001753926-22-000384.md) | [(174.41)](/filings/0001493152-24-012303.md) | [(27.79)](/filings/0001641172-25-001756.md) | [(14.94)](/filings/0001628280-26-021847.md) | [(2.38)](/filings/0001628280-26-021847.md) |
| Free cash flow | $m | [(41.2)](/filings/0001493152-23-010333.md) | [(69.8)](/filings/0001493152-24-012303.md) | [(15.7)](/filings/0001641172-25-001756.md) | [(13.9)](/filings/0001628280-26-021847.md) | [(37.2)](/filings/0001628280-26-021847.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:Revenues; Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/slnh/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $14.0m | 3,889,529 |  | Added +1,204,091 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $11.2m | 8,330,254 |  | Added +7,545,266 |
| [Nuveen, LLC](/funds/1871926.md) | 2026-06-30 | $7.5m | 5,577,158 |  | New +5,577,158 |
| [Vident Advisory, LLC](/funds/1744347.md) | 2026-06-30 | $7.1m | 5,227,200 |  | Added +5,160,797 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $6.3m | 4,661,391 |  | Added +4,034,537 |
| [J. Goldman & Co LP](/funds/1412741.md) | 2026-06-30 | $3.2m | 2,384,409 |  | New +2,384,409 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $2.5m | 1,824,507 |  | Added +1,531,831 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $2.3m | 1,695,300 |  | Added +1,108,267 |
| [MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.](/funds/1705339.md) | 2026-06-30 | $1.4m | 1,029,709 |  | Added +233,057 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $1.3m | 999,446 |  | Added +109,143 |

## Recent filings

[All 972 filings](/companies/slnh/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-26 | 07:30 ET | [8-K](/filings/0001493152-26-048420.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-048420 |
| 2026-10-21 | 17:07 ET | [8-K](/filings/0001493152-26-047930.md) | 1.01 Entry into a material agreement; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001493152-26-047930 |
| 2026-10-21 | 07:30 ET | [8-K](/filings/0001493152-26-047846.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-047846 |
| 2026-10-20 | 08:59 ET | [8-K](/filings/0001493152-26-047705.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-047705 |
| 2026-10-19 | 16:54 ET | [8-K](/filings/0001493152-26-047604.md) | 5.03 Amendment to articles or bylaws; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001493152-26-047604 |
| 2026-09-28 | 07:30 ET | [8-K](/filings/0001493152-26-044444.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-044444 |
| 2026-09-14 | 07:30 ET | [8-K](/filings/0001493152-26-042479.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-042479 |
| 2026-09-09 | 07:30 ET | [8-K](/filings/0001493152-26-041870.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-041870 |
| 2026-09-08 | 07:30 ET | [8-K](/filings/0001493152-26-041699.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-041699 |
| 2026-08-25 | 07:30 ET | [8-K](/filings/0001493152-26-039964.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001493152-26-039964 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001628280-26-021847.md), filed Mar 30, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/fd233a92-1cc5-4043-be65-653669483b42)

## About the filer

- CIK: 64463
- Tickers: SLNH, SLNHP
- Exchange: Nasdaq
- SIC code: 6199 Finance Services
- State of incorporation: NV
- Filer category: Non-accelerated filer<br>Smaller reporting company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 27, 2026, 17:30 ET. No prices; not investment advice.
