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Soluna Holdings, Inc. SLNH Demand response service revenue — Total Revenue

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 demand response service revenue — total revenue?
Soluna Holdings, Inc. (SLNH) reported demand response service revenue — total revenue of $537K in Q1 2026.
How has Soluna Holdings, Inc.'s demand response service revenue — total revenue changed year-over-year?
Soluna Holdings, Inc.'s demand response service revenue — total revenue increased by 5.9% year-over-year, from $507K to $537K.
What does demand response service revenue — total revenue mean?
This metric represents the total revenue generated from providing demand response services, where the company adjusts its power consumption in response to grid operator signals. It reflects the financial contribution of monetizing energy flexibility by curtailing or shifting computing-intensive operations during periods of peak grid demand. This revenue stream serves as a key indicator of the company's ability to integrate data center operations with energy market stability requirements.