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Soluna Holdings, Inc. SLNH Cryptocurrency mining revenue — Cost, exclusive of depreciation

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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:CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization.

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 cryptocurrency mining revenue — cost, exclusive of depreciation?
Soluna Holdings, Inc. (SLNH) reported cryptocurrency mining revenue — cost, exclusive of depreciation of $1.66M in Q1 2026.
How has Soluna Holdings, Inc.'s cryptocurrency mining revenue — cost, exclusive of depreciation changed year-over-year?
Soluna Holdings, Inc.'s cryptocurrency mining revenue — cost, exclusive of depreciation decreased by 15.1% year-over-year, from $1.95M to $1.66M.
What is the long-term trend for Soluna Holdings, Inc.'s cryptocurrency mining revenue — cost, exclusive of depreciation?
Over 2 years (2022 to 2024), Soluna Holdings, Inc.'s cryptocurrency mining revenue — cost, exclusive of depreciation has grown at a -27.4% compound annual growth rate (CAGR), from $14.23M to $7.5M.
What does cryptocurrency mining revenue — cost, exclusive of depreciation mean?
This metric captures the direct operating expenses associated with cryptocurrency mining, excluding non-cash depreciation charges. It primarily includes costs such as electricity, facility maintenance, and labor required to sustain computing operations. Monitoring this helps evaluate the cash-based operational efficiency and direct cost structure of the mining segment.