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Discontinued — last reported Q1 '26

Invested capital at other companies

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18.8%+0.1pp
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BeldenBDC
12.2%+0.5pp
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Cabot CorporationCBT
14.7%-6.0pp
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Envista Holdings CorporationNVST
3.4%+1.8pp
Liberty Broadband Corporation logo
Liberty Broadband CorporationLBRDK
-0.3%-0.1pp
Archer Aviation logo
Archer AviationACHR
-129.7%-62.3pp

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
Debt / equity0.6×
Current ratio1.7×+1.4×

Where this comes from

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

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 invested capital?
Soluna Holdings, Inc. (SLNH) reported invested capital of $6.67M in Q1 2026.
How has Soluna Holdings, Inc.'s invested capital changed year-over-year?
Soluna Holdings, Inc.'s invested capital increased by 145.2% year-over-year, from -$14.74M to $6.67M.
What is the long-term trend for Soluna Holdings, Inc.'s invested capital?
Over 5 years (2020 to 2025), Soluna Holdings, Inc.'s invested capital has grown at a 11.5% compound annual growth rate (CAGR), from $3.72M to $6.39M.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).