MARKETS / NASDAQ / SLNH
NASDAQ · FINANCE SERVICES · SMALL CAP

Soluna Holdings, Inc. SLNH

16 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$29.7M
▼ 21.8% vs FY2024
EPS · FY25
$-2.38
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-260.1%
Net margin · FY25
-179.7%
Dividend coverage
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Result
USD 29.7M
Revenue, FY2025 · full 16-year series below
Revenue Net income
0.010.020.030.040.0-0.1200920122015201920222025
0.010.020.030.040.0-0.12016202020232025

The company lost 180 cents on every revenue dollar this year.

Per share
USD -2.38
Diluted EPS, FY2025
EPS
0.40.81.2-2.38200920122015201920222025
0.40.81.2-2.382016202020232025

The company pays no cash dividend.

Profitability
-260.1%
Return on equity, FY2025
ROE
800160024003200-260.1%200920122015201920222025
800160024003200-260.1%2016202020232025
Operating margin-113.3%
Net margin-179.7%
Return on assets-38.7%

Each USD of equity lost 260 cents this year.

Returned to shareholders
USD 75,000.00
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 75,000.00
Share of profit-0.1%
Consecutive raises

USD 75,000.00 in buybacks went back to shareholders in a year without profit.

Growth
+118.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+1.3%
+118.6%
+16.7%
+8.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.10B
Shares outstanding, FY2025
0.000.10200920122015201920222025
0.010.102016202020232025
Change, 5 years+52.6%
Change, 10 years

The share count grew 53% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 187.9M
total assets, end of FY2025
Total assetsUSD 187.9M
EquityUSD 53.5M
Gross debtUSD 26.8M
Current ratio1.87×

Equity funds 28% of total assets.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.0
−0.0
−0.0
−0.1
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
EBITDA $B
−0.0
−0.0
−0.0
−0.1
−0.0
−0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
0.0
−0.0
0.0
Income tax $B
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
−0.0
0.0
−0.0
0.0
−0.0
−0.0
0.0
−0.0
Net income $B
−0.1
−0.1
−0.0
−0.1
−0.0
0.0
0.0
0.0
−0.0
−0.0
0.0
0.0
−0.0
0.0
−0.0
−0.0
EPS, diluted $
−2.38
−14.94
−27.79
−174.41
−0.50
0.20
0.03
0.06
−0.06
−0.54
0.14
0.69
−0.40
0.48
−0.37
−0.65
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
−12
0
1096
·
·
·
·
·
·
·
·
·
ROE %
−260.1
−902.5
−85.4
−148.6
−10.9
39.9
8.4
12.8
−12.6
−98.6
19.4
112.0
−0.1
3078.7
·
·
Shares out B
0.10
0.01
0.00
0.00
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.00
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
43 of 47
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 4 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed