What is Soluna Holdings, Inc.'s debt-to-equity?

Soluna Holdings, Inc. (SLNH) reported debt-to-equity of 0.6× in Q1 2026.

What is the long-term trend for Soluna Holdings, Inc.'s debt-to-equity?

Over 4 years (2020 to 2025), Soluna Holdings, Inc.'s debt-to-equity has grown at a 65.5% compound annual growth rate (CAGR), from 0.1× to 0.5×.

What does debt-to-equity mean?

Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

Soluna Holdings, Inc. SLNH Debt-to-equity

Debt-to-equity at other companies

TeraWulfWULF

25.4×+25.4×

Riot Platforms, Inc.RIOT

0.4×+0.2×

Marathon Digital HoldingsMARA

1.1×+0.5×

CleanSparkCLSK

0×0.0×

KEE

Keel Infrastructure Corp. Common StockKEEL

1.4×—

Cipher Digital, Inc. CIFR

6.6×+6.6×

Other financials

Income statement

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Revenue$9.4M+58.3%

Gross profit$1.9M+63.3%

Operating income-$16.6M-132%

Net income-$17.5M-131%

EPS (diluted)-$0.24+80.2%

Balance sheet

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Cash & equivalents$68.6M+649%

Total debt$28.0M+167%

Total equity$47.2M+394%

Total assets$190.4M+111%

Cash flow

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Operating cash flow-$6.4M-3,500%

CapEx$2.6M-27.4%

Free cash flow-$8.9M-141%

Valuation

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Market cap$187.72M+1,757%

Enterprise value$147.14M+1,297%

P/S5.7×+5.3×

Profitability

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Gross margin21.7%+9.2pp

Operating margin-130%-26.7pp

Net margin-195.6%-7.9pp

FCF margin-127.9%+1,415pp

Returns & leverage

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Return on equity-438%-676pp

Current ratio1.7×+1.4×

Where this comes from

Calculated from Soluna Holdings, Inc.’s reported figures.

total debt/total stockholders equity=0.6×

Based on the most recent quarter.

The official record: Soluna Holdings, Inc.’s 10-Q, filed May 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Soluna Holdings, Inc.'s debt-to-equity?: Soluna Holdings, Inc. (SLNH) reported debt-to-equity of 0.6× in Q1 2026.
What is the long-term trend for Soluna Holdings, Inc.'s debt-to-equity?: Over 4 years (2020 to 2025), Soluna Holdings, Inc.'s debt-to-equity has grown at a 65.5% compound annual growth rate (CAGR), from 0.1× to 0.5×.
What does debt-to-equity mean?: Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.