What is Soluna Holdings, Inc.'s SG&A?

Soluna Holdings, Inc. (SLNH) reported SG&A of $18.54M in Q1 2026.

How has Soluna Holdings, Inc.'s SG&A changed year-over-year?

Soluna Holdings, Inc.'s SG&A increased by 122.0% year-over-year, from $8.35M to $18.54M.

What is the long-term trend for Soluna Holdings, Inc.'s SG&A?

Over 4 years (2021 to 2025), Soluna Holdings, Inc.'s SG&A has grown at a 39.0% compound annual growth rate (CAGR), from $10.75M to $40.13M.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Soluna Holdings, Inc. SLNH SG&A

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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

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

Reported directly by Soluna Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Soluna Holdings, Inc. (SLNH) reported SG&A of $18.54M in Q1 2026.
How has Soluna Holdings, Inc.'s SG&A changed year-over-year?: Soluna Holdings, Inc.'s SG&A increased by 122.0% year-over-year, from $8.35M to $18.54M.
What is the long-term trend for Soluna Holdings, Inc.'s SG&A?: Over 4 years (2021 to 2025), Soluna Holdings, Inc.'s SG&A has grown at a 39.0% compound annual growth rate (CAGR), from $10.75M to $40.13M.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.