Skip to content
OpenCapital
Get started

Soluna Holdings, Inc. SLNH Q3 2025 earnings

Reported November 14, 2025 · Before market open

Revenue$8.4MMiss by $585.0KDiluted EPS-$0.70Miss by $0.09
Revenue estimate$9.0M
EPS estimate-$0.61

Next report

Aug 13, 2026 (in a month)

Financials

Q3 2025

Income statement

See full
Revenue$8.4M+11.8%
Gross profit$2.3M+271%
Operating income-$7.8M+13.7%
Net income-$24.0M-233%
EPS (diluted)-$1.14+26.9%

Balance sheet

See full
Cash & equivalents$51.4M+486%
Total debt$16.9M+623%
Total equity$14.5M-30.7%
Total assets$152.0M+56.2%

Cash flow

See full
Operating cash flow-$2.2M—
CapEx$4.6M+35.2%
Free cash flow-$6.8M-103%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$144.6M+497%
Enterprise value$110.16M+519%
P/S5×+4.4×

Profitability

See full
Gross margin16.3%-18.7pp
Operating margin-197.4%-256pp
Net margin-269%-419pp
FCF margin-94.8%-123pp

Returns & leverage

See full
Return on equity-438%-676pp
Debt / equity1.2×+1.1×
Current ratio1.2×+0.6×

Versus estimates

Revenue

Q1 2026$9.4MQ4 2025$9.2MMiss by $1.4M
Q3 2025$8.4MMiss by $585.0K
Q2 2025$6.2MMiss by $2.8MQ1 2025$5.9MQ4 2024$8.3M

Diluted EPS

Q1 2026-$0.24Q4 2025-$0.20In line
Q3 2025-$0.70Miss by $0.09
Q2 2025-$0.69Beat by $0.07Q1 2025-$0.88Q4 2024-$4.28

Ask the moment Soluna Holdings, Inc. reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Soluna Holdings, Inc. report Q3 2025 earnings?
Soluna Holdings, Inc. (SLNH) reported Q3 2025 earnings on November 14, 2025 before market open.
What were Soluna Holdings, Inc.'s Q3 2025 revenue and EPS?
Soluna Holdings, Inc. reported revenue of $8.4M and diluted EPS of $-0.70 for Q3 2025.
Did Soluna Holdings, Inc. beat estimates in Q3 2025?
Revenue missed the consensus estimate of $9.0M by $585.0K. EPS missed the consensus estimate of $-0.61 by $0.09.
How did Soluna Holdings, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.8% from $7.5M a year earlier and diluted EPS grew 45.7% from $-1.29.
Where can I find Soluna Holdings, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001493152-25-022111) and the 10-Q periodic report (0001493152-25-023503) directly on SEC EDGAR. The filing index links above go to sec.gov.