Soluna Holdings, Inc

SLNH

Soluna Holdings, Inc

SLNH

Insider Sentiment (TTM):

Last Purchase:2026-05-21Last Sale:2026-06-22Shares Purchased (TTM):100,000Shares Sold (TTM):45,269

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:10,147,742Shares Outstanding:84,101,320Institutional Ownership Pct.:12.07%

Earnings Market Reaction:

Filing Date:2026-08-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Series A Preferred Stock	-	0	0	-	0	5	0	-	-	-	-	-
Series B Preferred Stock	-	0	0	-	0	0	0	-	-	-	-	-
Assets
Assets Current
Cash	113	69	76	51	10	9	8	9	10	8	6	6
Restricted Cash Current	10	9	5	4	2	2	1	2	2	2	3	3
Accounts Receivable Net Current	7	5	6	4	3	2	3	2	3	4	3	2
Notes And Loans Receivable Net Current	-	-	-	-	-	-	0	0	0	0	0	0
Prepaid Expense And Other Assets Current	5	4	3	4	2	2	2	6	12	2	1	2
Deposit Assets	-	-	-	-	-	-	-	-	-	-	-	1
Assets Held For Sale Not Part Of Disposal Group Cu…	-	-	0	-	-	0	0	0	0	0	0	0
Assets Current	135	91	92	66	17	16	13	19	27	17	14	14
Restricted Cash	-	-	-	-	-	-	-	-	-	-	-	1
Restricted Cash Noncurrent	8	8	8	5	3	3	1	1	1	1	1	-
Other Assets Noncurrent	-	-	-	1	1	1	-	-	-	-	-	-
Other Assets	1	1	1	-	-	-	3	9	3	3	3	3
Deposits Assets Noncurrent	0	3	1	1	1	5	5	5	3	1	1	-
Property Plant And Equipment Net	138	80	75	64	57	50	47	43	41	43	45	46
Intangible Assets Net Excluding Goodwill	6	6	8	11	13	15	18	20	22	25	27	29
Operating Lease Right Of Use Asset	4	0	0	4	0	0	0	0	0	0	0	0
Finance Lease Right Of Use Asset	-	2	2	-	-	-	0	-	-	-	-	-
Assets	294	190	188	152	92	90	88	97	99	91	91	94
Liabilities And Stockhold…
Liabilities Current
Accounts Payable Current	4	4	5	5	4	3	3	3	2	3	2	3
Accrued Liabilities Current	8	16	13	12	6	6	7	8	6	6	5	4
Convertible Notes Payable Current	-	-	-	-	-	-	-	3	8	6	8	11
Interest Payable Current	0	0	0	0	3	3	2	-	-	-	-	-
Contract With Customer Liability Current	19	19	19	19	19	19	20	2	2	1	2	-
Other Long Term Debt Current	-	10	9	10	13	14	14	15	13	10	11	9
Accrued Income Taxes Current	0	0	0	0	0	0	0	0	0	0	0	-
Derivative Liabilities Current	-	-	-	7	-	-	-	-	-	-	-	-
Deferred Income Current	1	1	1	-	-	-	0	-	-	-	-	-
Operating Lease Liability Current	0	0	0	0	0	0	0	0	0	0	0	0
Finance Lease Liability Current	-	0	0	-	-	-	0	-	-	-	-	-
Liabilities Current	65	52	49	56	48	48	48	31	33	32	28	28
Other Liabilities Noncurrent	-	-	-	2	0	0	-	-	-	-	-	-
Other Liabilities	0	1	1	-	-	-	0	0	0	0	0	1
Contract With Customer Liability Noncurrent	2	3	3	-	-	-	0	-	-	1	1	-
Long Term Debt	3	16	18	13	10	10	7	8	2	-	-	1
Operating Lease Liability Noncurrent	4	0	0	4	0	0	0	0	0	0	0	0
Finance Lease Liability Noncurrent	-	2	2	-	-	-	0	-	-	-	-	-
Deferred Income Tax Liabilities Net	2	2	3	4	4	5	5	6	7	7	8	8
Liabilities	82	76	76	79	63	63	61	46	49	42	38	39
Temporary Equity
Temporary Equity Carrying Amount Including Portion…	1	1	1	-	0	0	0	-	-	-	-	-
Stockholders Equity
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	576	446	435	381	324	320	316	309	305	292	291	287
Retained Earnings Accumulated Deficit	-406	-385	-368	-353	-329	-322	-314	-274	-267	-256	-251	-244
Treasury Stock Value	-14	-14	-14	-14	-14	-14	-14	-14	-14	-14	-14	-14
Stockholders Equity	210	113	111	14	-19	27	27	21	50	22	27	55
Minority Interest	54	66	57	59	49	43	40	31	26	27	27	27
Liabilities And Stockholders Equity	294	190	188	152	92	90	88	97	99	91	91	94
Allowance For Doubtful Accounts Receivable Current	0	0	0	0	0	0	0	1	0	-	0	-
Common Stock Par Or Stated Value Per Share	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001	0.001
Common Stock Shares Authorized	375	375	375	75	75	75	375	75	75	75	75	-
Common Stock Shares Issued	226	112	103	64	19	13	11	8	5	3	3	1
Shares Outstanding	226	112	103	64	19	13	11	8	5	3	3	1
Treasury Stock Common Shares	0	0	0	0	0	0	0	0	0	0	0	-

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-39.64%	-46.40%	-45.05%	-	-	-	-	-	-	-	-	-
2025	-22.22%	-11.11%	-46.91%	-15.79%	289.47%	512.28%	-0.60%	-15.57%	-36.53%	96.72%	180.33%	181.97%
2024	5.75%	129.50%	65.13%	-22.09%	-17.21%	-23.72%	-4.05%	-35.68%	-48.38%	42.19%	12.50%	-12.50%
2023	-	-	-	-29.03%	-32.26%	-69.94%	51.85%	57.20%	16.46%	-8.30%	-11.19%	89.17%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	2.06	1.75	1.87	1.18	0.35	0.33	0.28	0.59	0.84	0.52	0.51	0.52
Quick Ratio	1.99	1.67	1.82	1.12	0.31	0.29	0.24	0.41	0.46	0.47	0.46	0.46
Working Capital	69.18M	38.81M	42.94M	10.22M	-30.87M	-31.80M	-34.38M	-12.82M	-5.05M	-15.50M	-13.89M	-13.18M
Leverage & Debt
Debt to Equity	0.39	0.67	0.68	5.43	-3.22	2.34	2.22	2.19	0.98	1.94	0.71	0.70
Interest Coverage TTM	-9.12	-11.09	-10.38	-13.93	-15.74	-18.74	-18.81	-7.05	-5.35	-7.13	-7.37	-15.55
Debt Ratio	0.28	0.40	0.40	0.52	0.68	0.70	0.69	0.47	0.49	0.46	0.42	0.41
Efficiency & Turnover
Asset Turnover TTM	0.17	0.17	0.15	0.23	0.29	0.35	0.42	0.45	0.42	0.38	0.27	0.15
Days Sales Outstanding TTM	52.11	59.55	73.10	40.92	39.80	39.47	27.08	17.29	22.01	26.49	24.70	48.89
Receivables Turnover TTM	7.00	6.13	4.99	8.92	9.17	9.25	13.48	21.11	16.58	13.78	14.78	7.47
Per Share Metrics
Diluted EPS TTM	-0.58	-0.75	-1.84	-3.11	-5.85	-7.84	-12.40	-4.04	-5.54	-8.26	-21.09	-35.37
Free Cash Flow Per Share TTM	-0.33	-0.50	-1.28	-1.00	-1.71	-2.46	-2.82	-1.00	-2.89	-3.01	-11.94	-13.98
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	-	-	-	15.30%	2.55%	11.57%	24.71%	39.69%	48.08%	45.57%	34.45%	-66.59%
Operating Profit Margin TTM	-162.61%	-179.96%	-164.23%	-197.42%	-208.15%	-175.46%	-124.99%	-34.23%	-22.86%	-38.14%	-83.82%	-295.21%
Net Profit Margin TTM	-231.98%	-264.20%	-260.43%	-291.34%	-233.96%	-217.61%	-166.58%	-60.10%	-61.33%	-68.97%	-114.72%	-330.25%
Growth Metrics
Net Revenue Growth (1Y)	17.85%	-23.69%	-46.06%	-32.99%	-32.34%	-6.57%	57.45%	183.87%	162.48%	50.65%	-15.41%	-54.06%
Net Income Growth (1Y)	16.85%	-7.35%	-15.67%	224.86%	158.09%	194.79%	128.62%	-48.34%	-74.58%	-76.16%	-72.04%	-32.87%
EPS Growth (1Y)	-90.06%	-90.39%	-85.17%	-23.09%	5.67%	-5.08%	-41.22%	-88.58%	-93.73%	-92.66%	-87.25%	-72.06%
Valuation Metrics
P/E TTM	-2.32	-0.94	-0.64	-0.76	-0.10	-0.08	-0.17	-0.77	-1.10	-0.35	-0.19	-0.15
P/B TTM	0.84	0.53	0.31	4.38	-0.33	0.21	0.39	0.96	0.56	0.38	0.10	0.13
P/S TTM	5.38	2.49	1.66	2.20	0.23	0.18	0.28	0.47	0.67	0.24	0.22	0.49
Market Cap	176.82M	59.71M	33.99M	63.41M	6.46M	5.58M	10.73M	20.00M	27.79M	8.09M	5.25M	7.42M
Enterprise Value	66.47M	7.05M	-24.54M	25.29M	6.61M	6.61M	9.95M	22.70M	28.25M	5.86M	7.36M	13.64M
Calculated Values
Free Cash Flow TTM	-42.99M	-42.44M	-37.21M	-27.11M	-19.06M	-21.45M	-14.41M	-6.37M	-13.20M	-8.45M	-15.69M	-19.75M
Net Debt	-110.35M	-52.66M	-58.52M	-38.12M	143.00K	1.03M	-782.00K	2.70M	453.00K	-2.22M	2.11M	6.22M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
PEG Ratio
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
EV Revenue TTM
EV FCF TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-22Sale

Owner: Phelan, William P

Title: -

Shares: 3,074

Price/Share: $11.00

Value: $33,814.00

Shares Owned: 106,233

Relationship: Director

Ownership: Direct

2026-06-15Sale

Owner: Thomas, Jessica L.

Title: Chief Accounting Officer

Shares: 4,838

Price/Share: $1.70

Value: $8,224.60

Shares Owned: 1,516,760

Relationship: Officer

Ownership: Direct

2026-06-11Sale

Owner: Oreilly, Mary Jennifer

Title: Chief People Officer

Shares: 1,071

Price/Share: $11.10

Value: $11,888.10

Shares Owned: -

Relationship: Officer

Ownership: Direct

2026-06-10Sale

Owner: Thomas, Jessica L.

Title: Chief Accounting Officer

Shares: 2,500

Price/Share: $10.90

Value: $27,250.00

Shares Owned: 900

Relationship: Officer

Ownership: Direct

2026-06-08Sale

Owner: Oreilly, Mary Jennifer

Title: Chief People Officer

Shares: 6,600

Price/Share: $10.80

Value: $71,280.00

Shares Owned: 6,800

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-22	Phelan, William P	Director	-	Direct	Sale	3,074	11.00	$33,814.00	106,233	4
2026-06-15	Thomas, Jessica L.	Officer	Chief Accounting Officer	Direct	Sale	4,838	1.70	$8,224.60	1,516,760	4
2026-06-11	Oreilly, Mary Jennifer	Officer	Chief People Officer	Direct	Sale	1,071	11.10	$11,888.10	0	4
2026-06-10	Thomas, Jessica L.	Officer	Chief Accounting Officer	Direct	Sale	2,500	10.90	$27,250.00	900	4
2026-06-08	Oreilly, Mary Jennifer	Officer	Chief People Officer	Direct	Sale	6,600	10.80	$71,280.00	6,800	4
2026-06-01	Bottomley, John	Director	-	Direct	Sale	1,000	10.00	$10,000.00	26,489	4
2026-06-01	Belizaire, John	Director,Officer	Chief Executive Officer	Direct	Sale	1,000	10.40	$10,400.00	99,042	4
2026-05-21	Picchi, Michael	Officer	Chief Financial Officer	Direct	Purchase	100,000	1.63	$163,000.00	1,381,250	4
2026-04-06	Belizaire, John	Director,Officer	Chief Executive Officer	Direct	Sale	1,000	7.25	$7,250.00	100,042	4
2025-12-16	Phelan, William P	Director	-	Direct	Sale	1,300	1.41	$1,833.00	1,318,715	4
2025-12-12	Michaels, David C	Director,Officer	Chief Financial Officer	Direct	Sale	6,686	5.72	$38,243.92	52,977	4
2025-12-11	Hirshfield, Edward R	Director	-	Direct	Sale	741	9.90	$7,335.90	11,007	4
2025-12-11	Phelan, William P	Director	-	Direct	Sale	3,737	9.52	$35,576.24	124,233	4
2025-11-28	Hirshfield, Edward R	Director	-	Direct	Sale	1,000	8.75	$8,750.00	13,748	4
2025-11-24	Hirshfield, Edward R	Director	-	Direct	Sale	1,000	8.00	$8,000.00	14,748	4
2025-11-21	Belizaire, John	Director,Officer	Chief Executive Officer	Direct	Sale	9,222	1.44	$13,279.68	1,212,478	4
2025-11-20	Phelan, William P	Director	-	Direct	Sale	500	7.80	$3,900.00	171,471	4
2025-06-12	Tunison, John	Officer	Chief Financial Officer	Direct	Purchase	1,000	2.48	$2,480.00	27,000	4
2025-06-11	Phelan, William P	Director	-	Direct	Sale	3,350	2.80	$9,380.00	172,071	4
2025-06-10	Thomas, Jessica L.	Officer	Chief Accounting Officer	Direct	Sale	3,300	2.80	$9,240.00	3,400	4
2025-06-02	Oreilly, Mary Jennifer	Officer	Chief People Officer	Direct	Sale	1,600	3.68	$5,888.00	15,400	4
2025-05-22	Thomas, Jessica L.	Officer	Chief Accounting Officer	Direct	Sale	10,851	0.78	$8,463.78	55,188	4
2025-05-20	Marusak, Thomas J	Director	-	Direct	Sale	1,991	0.80	$1,592.80	144,727	4
2024-12-11	Toporek, Michael	Director,TenPercentOwner	-	Direct	Sale	574	10.00	$5,740.00	1,246,188	4
2024-12-10	Michaels, David C	Director	-	Direct	Sale	400	3.15	$1,260.00	176,491	4
2024-12-09	Toporek, Michael	Director,TenPercentOwner	-	Direct	Sale	208	10.60	$2,204.80	1,246,862	4
2024-12-09	Lipman, Matthew E.	Director	-	Direct	Sale	762	10.65	$8,115.30	26,489	4
2024-11-21	Oreilly, Mary Jennifer	Officer	Chief People Officer	Direct	Sale	2,000	11.48	$22,960.00	15,000	4
2024-11-21	Belizaire, John	Director,Officer	Chief Executive Officer	Direct	Sale	2,053	3.54	$7,267.62	333,434	4
2024-11-19	Hirshfield, Edward R	Director	-	Direct	Sale	8,741	11.93	$104,280.13	17,748	4
2024-11-19	Thomas, Jessica L.	Officer	Chief Accounting Officer	Direct	Sale	3,300	12.22	$40,326.00	6,700	4
2024-11-11	Toporek, Michael	Director	-	Indirect	Sale	9,080	4.00	$36,320.00	0	4
2024-11-11	Lipman, Matthew E.	Director	-	Indirect	Sale	9,080	4.00	$36,320.00	0	4
2024-11-07	Lipman, Matthew E.	Director	-	Indirect	Sale	24,420	3.59	$87,667.80	30,980	4
2024-11-06	Toporek, Michael	Director	-	Indirect	Sale	23,700	3.56	$84,372.00	55,400	4
2024-11-04	Lipman, Matthew E.	Director	-	Indirect	Sale	20,600	3.11	$64,066.00	90,100	4
2024-11-01	Toporek, Michael	Director	-	Indirect	Sale	31,300	3.39	$106,107.00	110,700	4
2024-06-18	Michaels, David C	Director	-	Direct	Purchase	9,100	3.47	$31,577.00	87,826	4
2024-06-18	Belizaire, John	Director,Officer	Chief Executive Officer	Direct	Purchase	9,123	0.00	$0.00	173,810	4
2023-12-15	Michaels, David C	Director,Officer	Chief Financial Officer	Direct	Purchase	3,000	3.25	$9,750.00	5,669	4
2023-12-12	Thomas, Jessica L.	Officer	Chief Accounting Officer	Direct	Sale	622	3.59	$2,232.98	0	4
2023-12-12	Belizaire, John	Director,Officer	Chief Executive Officer	Direct	Sale	1,463	4.00	$5,852.00	2,150	4
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Institutional Ownership

No data available for chart

2026-03-31

12.07%

Inst. Shares: 10,147,742

Shares Outstanding: 84,101,320

2025-12-31

42.46%

Inst. Shares: 12,334,510

Shares Outstanding: 29,048,848

2025-09-30

10.36%

Inst. Shares: 2,796,119

Shares Outstanding: 26,983,023

2025-06-30

3.39%

Inst. Shares: 507,466

Shares Outstanding: 14,991,125

2025-03-31

6.96%

Inst. Shares: 606,854

Shares Outstanding: 8,719,351

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	10,147,742	84,101,320	12.07%
2025-12-31	12,334,510	29,048,848	42.46%
2025-09-30	2,796,119	26,983,023	10.36%
2025-06-30	507,466	14,991,125	3.39%
2025-03-31	606,854	8,719,351	6.96%
2024-12-31	376,725	5,109,339	7.37%
2024-09-30	329,986	6,388,335	5.17%
2024-06-30	65,985	4,563,696	1.45%
2024-03-31	66,307	2,807,555	2.36%
2023-12-31	61,573	1,313,718	4.69%
2023-09-30	707,702	1,412,640	50.10%
2023-06-30	853,210	1,126,022	75.77%
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Soluna Holdings, Inc (SLNH) — SEC Financial Statements & Analysis

Soluna Holdings, Inc (SLNH) is a finance services company, incorporated in NV. Soluna Holdings, Inc trades on Nasdaq as: SLNH, SLNHP. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Soluna Holdings, Inc reported a 17.85% year-over-year revenue growth, a Gross Profit Margin of 15.30% (TTM), a Debt-to-Equity ratio of 0.39x, a Price-to-Sales (P/S) ratio of 5.38x (TTM), a Price-to-Book (P/B) ratio of 0.84x (TTM), at a market cap of $176.82M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 17.85%
Gross Profit Margin TTM: 15.30%
Debt To Equity: 0.39x
P/S TTM: 5.38x
P/B TTM: 0.84x
Market Cap: $176.82M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Soluna Holdings, Inc in?

Soluna Holdings, Inc (SLNH) operates in the Finance Services industry.

What is SLNH's market cap?

Soluna Holdings, Inc (SLNH) has a market capitalization of $176.82M as of 2026-06-30.

What exchange does SLNH trade on?

Soluna Holdings, Inc (SLNH) trades on the Nasdaq.

Where is Soluna Holdings, Inc incorporated?

Soluna Holdings, Inc is incorporated in NV.