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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
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.

Based on trailing twelve months.

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 operating margin?
Soluna Holdings, Inc. (SLNH) reported operating margin of -130% in Q1 2026.
How has Soluna Holdings, Inc.'s operating margin changed year-over-year?
Soluna Holdings, Inc.'s operating margin increased by 25.9% year-over-year, from -175.5% to -130%.
What is the long-term trend for Soluna Holdings, Inc.'s operating margin?
Over 4 years (2021 to 2025), Soluna Holdings, Inc.'s operating margin has grown at a 38.1% compound annual growth rate (CAGR), from -31.2% to -113.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.