Soluna Holdings, Inc. (SLNH)

Soluna Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	15.23	18.85	10.2	4.14	3.41	-
Other Revenue	13.55	19.17	10.87	24.41	10.93	0.6
Revenue	28.78	38.02	21.07	28.55	14.35	0.6
Revenue Growth (YoY)	-27.81%	80.48%	-26.21%	99.00%	2310.92%	-90.94%
Cost of Revenue	10.87	15.1	5.6	3.57	2.44	-
Gross Profit	17.91	22.92	15.47	24.98	11.9	0.6
Selling, General & Admin	23.01	18.58	15.39	19.2	9.17	1.83
Other Operating Expenses	7.17	7.45	6.07	14.16	3.5	0.41
Operating Expenses	74.72	70.31	35.13	61.64	16.38	2.24
Operating Income	-56.81	-47.39	-19.67	-36.67	-4.48	-1.64
Interest Expense	-4.08	-2.53	-2.75	-8.38	-1.88	-
Other Non Operating Income (Expenses)	-25.37	-3.36	-1.48	0.02	0.01	0.1
EBT Excluding Unusual Items	-86.25	-53.28	-23.89	-45.02	-6.34	-1.54
Gain (Loss) on Sale of Investments	-	-	-	-0.75	-	-
Gain (Loss) on Sale of Assets	-0.81	-0.03	-0.4	-4.09	-	-
Asset Writedown	-0.01	-0.13	-0.58	-47.37	-	-
Other Unusual Items	5.2	-7.35	-3.9	-11.13	-	-
Pretax Income	-81.88	-60.79	-28.77	-108.36	-6.34	-1.54
Income Tax Expense	-2.44	-2.49	-1.07	-1.35	0.04	-0.33
Earnings From Continuing Operations	-79.44	-58.3	-27.7	-107.02	-6.39	-1.21
Earnings From Discontinued Operations	-	-	-	7.92	1.13	3.16
Net Income to Company	-79.44	-58.3	-27.7	-99.1	-5.26	1.95
Minority Interest in Earnings	0.53	-5.03	-1.5	0.38	-	-
Net Income	-78.91	-63.33	-29.2	-98.72	-5.26	1.95
Preferred Dividends & Other Adjustments	15.97	10.84	6.89	5.81	0.63	-
Net Income to Common	-94.88	-74.18	-36.09	-104.53	-5.89	1.95
Net Income Growth	-	-	-	-	-	502.48%
Shares Outstanding (Basic)	15	6	1	1	0	0
Shares Outstanding (Diluted)	15	6	1	1	0	0
Shares Change (YoY)	302.02%	378.10%	119.21%	26.54%	23.57%	-0.21%
EPS (Basic)	-6.41	-11.81	-27.47	-174.41	-12.44	5.08
EPS (Diluted)	-6.41	-11.81	-27.47	-174.41	-12.44	4.98
EPS Growth	-	-	-	-	-	564.57%
Free Cash Flow	-28.64	-18.35	-15.69	-69.43	-40.24	0.82
Free Cash Flow Per Share	-1.94	-2.92	-11.95	-115.86	-84.96	2.13
Gross Margin	62.23%	60.28%	73.41%	87.49%	82.96%	100.00%
Operating Margin	-197.37%	-124.65%	-93.35%	-128.45%	-31.20%	-275.97%
Profit Margin	-329.66%	-195.10%	-171.31%	-366.15%	-41.07%	327.06%
Free Cash Flow Margin	-99.50%	-48.25%	-74.49%	-243.22%	-280.52%	137.31%
EBITDA	-40.93	-31.75	-6.29	-8.45	-0.77	-1.48
EBITDA Margin	-142.22%	-83.51%	-29.85%	-29.61%	-5.39%	-247.90%
D&A For EBITDA	15.88	15.64	13.38	28.21	3.7	0.17
EBIT	-56.81	-47.39	-19.67	-36.67	-4.48	-1.64
EBIT Margin	-197.37%	-124.65%	-93.35%	-128.45%	-31.20%	-275.97%
Revenue as Reported	28.78	38.02	21.07	28.55	14.35	0.6
Advertising Expenses	-	-	-	-	-	0.04

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q