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Reported August 13, 2026 · After market close

Revenue$15.1MMiss by $640.0K
EPS-$0.18Miss by $0.07
Revenue estimate$15.7M
EPS estimate-$0.11
This is Soluna's fifth consecutive quarter of sequential revenue growth, and a 145% year-over-year increase that reflects the operating leverage we are building across the portfolio. Kati 1 delivered its first positive gross profit, and Dorothy 1A had its strongest quarter to date. That operating base is the foundation for the much larger AI build-out now taking shape across our pipeline. And with Ryan Carver joining as Chief Development Officer, we've added hyperscale AI delivery experience to lead that build.
John Belizaire

Next report

Nov 12, 2026 (in 2 months)
Revenue estimate$17.9M
EPS estimate-$0.06

Financials

Q2 2026

Income statement

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Revenue$15.1M+145%
Gross profit$766.0K-35.5%
Operating income-$16.9M-156%
Net income-$20.7M-181%
EPS (diluted)-$0.18+80.6%

Balance sheet

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Cash & equivalents$113.4M+1,048%
Total debt$39.3M+281%
Total equity$155.9M+901%
Total assets$293.5M+219%

Cash flow

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Operating cash flow-$5.2M-373%
CapEx$6.9M+62.5%
Free cash flow-$12.1M-126%

Valuation & ratios

Valuation

as of 08/27/26
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Market cap$283.73M+1,877%
Enterprise value$209.66M+1,319%
P/S6.7×+6.2×

Profitability

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Gross margin16.1%+12.5pp
Operating margin-127%-35.6pp
Net margin-185.9%-23.6pp
FCF margin-116.9%+267pp

Returns & leverage

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Debt / equity0.3×
Current ratio2.1×+1.7×

Segments

By product

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Data hosting revenue$12.7M+303%
Wind energy generation revenue$2.5M
Cryptocurrency mining revenue$1.7M-39.9%
Demand response service revenue$321.0K+99.4%
High-performance computing service revenue-

By segment

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Data Center Hosting$12.7M
Cryptocurrency Mining$1.7M
High- Performance Computing Services-

FAQ

When did Soluna Holdings, Inc. report Q2 2026 earnings?
Soluna Holdings, Inc. (SLNH) reported Q2 2026 earnings on August 13, 2026 after market close.
What were Soluna Holdings, Inc.'s Q2 2026 revenue and EPS?
Soluna Holdings, Inc. reported revenue of $15.1M and eps of $-0.18 for Q2 2026.
Did Soluna Holdings, Inc. beat estimates in Q2 2026?
Revenue missed the consensus estimate of $15.7M by $640.0K. EPS missed the consensus estimate of $-0.11 by $0.07.
How did Soluna Holdings, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 144.6% from $6.2M a year earlier and eps grew 73.9% from $-0.69.
Where can I find Soluna Holdings, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001493152-26-037734) and the 10-Q periodic report (0001628280-26-056702) directly on SEC EDGAR. The filing index links above go to sec.gov.