Soluna Holdings, Inc. SLNH Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 21.7%+9.2pp | 21.7%-3.7pp | 16.3%-18.7pp | 3.6%-40.3pp | 12.5%-27.6pp | |
| Operating margin | -130%+45.4pp | -113.3%+11.6pp | -197.4%-161pp | -208.2%-183pp | -175.5%-133pp | |
| Net margin | -195.6%+8.6pp | -185%-22.3pp | -269%-198pp | -217.4%-145pp | -204.2%-120pp | |
| EBITDA margin | -101.1%+43.8pp | -81%+18.7pp | -164%-151pp | -173.7%-174pp | -144.8%-134pp | |
| Free cash flow margin | -127.9%-61.2pp | -125.2%-88.6pp | -94.8%-76.9pp | -85.4%-48.8pp | -66.7%-35.0pp | |
| Returns | ||||||
| Return on assets | -46.3%+24.7pp | -39.8%+29.1pp | -62.1%-32.5pp | -63.6%-35.2pp | -71%-41.6pp | |
| Efficiency | ||||||
| Asset turnover | 0.2×-0.1× | 0.2×-0.2× | 0.2×-0.2× | 0.3×-0.1× | 0.3×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.7×+1.4× | 1.9×+1.6× | 1.2×+0.6× | 0.4×-0.5× | 0.3×-0.2× | |
| Quick ratio | 1.7×+1.4× | 1.9×+1.6× | 1.2×+0.6× | 0.4×-0.5× | 0.3×-0.2× | |
| Cash ratio | 1.3×+1.1× | 1.6×+1.4× | 0.9×+0.6× | 0.2×-0.1× | 0.2×-0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.6×— | 0.5×— | 1.2×+1.1× | —— | —— | |
| Debt-to-assets | 0.1×0.0× | 0.2×+0.1× | 0.1×+0.1× | 0.1×0.0× | 0.1×0.0× | |
| Interest coverage | -7.9×+10.9× | -7×+11.8× | -13.9×-6.9× | -15.7×-10.4× | -18.7×-11.6× | |
| Per Share | ||||||
| Book value per share | $0.56+130% | $1.84+175% | $0.54-83.6% | -$1.75-127% | -$1.84-124% | |
| Valuation | ||||||
| Market capitalization | $187.72M+1,757% | $115.33M+553% | $144.6M+497% | $10.02M-64.0% | $6.77M-16.3% | |
| Enterprise value | $147.14M+1,297% | $68.17M+296% | $110.16M+519% | $10.44M-62.1% | $8.09M+29.9% | |
| Price / sales | 5.7×+5.3× | 3.9×+3.4× | 5×+4.4× | 0.4×-0.4× | 0.2×0.0× | |
| Price / book | 4×— | 2.2×— | 10×+8.8× | —— | —— | |
| EV / sales | 4.4×+4.1× | 2.3×+1.8× | 3.8×+3.4× | 0.4×-0.3× | 0.3×+0.1× | |
| Free cash flow yield | -22.6%+213pp | -32.3%+46.5pp | -18.9%+10.5pp | -237.6%-187pp | -309.7%-190pp | |
| Earnings yield | -34.6%+565pp | -47.7%+302pp | -53.5%+63.4pp | -605.3%-505pp | -947.8%-630pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Soluna Holdings, Inc.'s profit margins?
- Soluna Holdings, Inc. (SLNH) runs a 21.7% gross margin and a -130.0% operating margin, with a -195.6% net margin.
- Where do Soluna Holdings, Inc.'s ratios come from?
- Every ratio is computed from Soluna Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
