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Return on equity at other companies

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-343.7%-382pp
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Riot Platforms, Inc.RIOT
-32.5%-189pp
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Marathon Digital HoldingsMARA
-68.5%-83.9pp
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CleanSparkCLSK
-34.7%-67.6pp
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Keel Infrastructure Corp. Common StockKEEL
-6.1%-2.5pp
Cipher Digital, Inc.
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Cipher Digital, Inc. CIFR
-123.9%

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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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 November 14, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Soluna Holdings, Inc.'s return on equity?
Soluna Holdings, Inc. (SLNH) reported return on equity of -438% in Q3 2025.
How has Soluna Holdings, Inc.'s return on equity changed year-over-year?
Soluna Holdings, Inc.'s return on equity decreased by 283.7% year-over-year, from -114.1% to -438%.
What is the long-term trend for Soluna Holdings, Inc.'s return on equity?
Over 3 years (2020 to 2023), Soluna Holdings, Inc.'s return on equity has grown at a 26.3% compound annual growth rate (CAGR), from 39.9% to -80.4%.
What does return on equity mean?
Trailing-twelve-month net income divided by average shareholders' equity (average of the start and end of the trailing-twelve-month window). Measures the profit generated on each dollar of shareholder capital.