Soluna Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	51.37	7.84	6.37	1.14	10.26	2.63
Cash & Short-Term Investments	51.37	7.84	6.37	1.14	10.26	2.63
Cash Growth	486.03%	23.16%	460.56%	-88.93%	290.04%	4.78%
Accounts Receivable	3.64	1.18	2.67	0.07	0.45	-
Other Receivables	0.78	1.52	0.28	0.25	0.08	0.06
Receivables	7.9	2.71	3.39	0.54	0.53	0.06
Prepaid Expenses	3.45	1.77	1.42	1.11	0.98	0.02
Restricted Cash	3.63	1.15	3	0.69	-	-
Other Current Assets	0.06	0.03	0.11	0.3	13.22	2.07
Total Current Assets	66.41	13.5	14.28	3.76	24.98	4.78
Property, Plant & Equipment	67.67	47.6	45	42.44	45	1.15
Long-Term Investments	-	-	-	-	0.75	0.75
Other Intangible Assets	10.59	17.62	27.01	36.43	45.84	-
Long-Term Deferred Tax Assets	-	-	-	-	-	0.7
Other Long-Term Assets	7.32	9.33	4.98	2.33	1.12	1.27
Total Assets	152.04	88.04	91.28	84.96	117.69	8.65
Accounts Payable	4.86	2.84	2.1	3.55	2.96	0.19
Accrued Expenses	12.41	8.69	4.54	2.12	2.5	0.3
Short-Term Debt	-	-	8.47	12.09	8.12	-
Current Portion of Long-Term Debt	10	14.44	10.86	10.55	-	-
Current Portion of Leases	0.1	0.06	0.22	0.16	0.18	0.13
Current Income Taxes Payable	0.07	0.04	0.02	-	0	0
Current Unearned Revenue	19.35	-	-	0.45	0.32	-
Other Current Liabilities	9.41	21.8	1.96	0.61	1.61	1.01
Total Current Liabilities	56.19	47.87	28.18	29.52	15.68	1.64
Long-Term Debt	13.25	7.06	-	-	-	-
Long-Term Leases	3.58	0.25	0.22	0.08	0.24	0.3
Long-Term Deferred Tax Liabilities	3.54	5.26	7.78	8.89	10.28	-
Other Long-Term Liabilities	2	0.24	1.75	0.2	0.51	0.8
Total Liabilities	78.57	60.68	37.92	38.69	26.71	2.73
Common Stock	0.06	0.01	0	0	0.02	0.01
Additional Paid-In Capital	381.4	315.61	291.28	277.43	227.79	137.46
Retained Earnings	-353.2	-314.3	-250.97	-221.77	-123.05	-117.79
Treasury Stock	-13.8	-13.8	-13.8	-13.8	-13.76	-13.76
Total Common Equity	14.47	-12.48	26.51	41.86	90.99	5.92
Minority Interest	58.99	39.84	26.85	4.41	-	-
Shareholders' Equity	73.47	27.36	53.36	46.27	90.99	5.92
Total Liabilities & Equity	152.04	88.04	91.28	84.96	117.69	8.65
Total Debt	26.93	21.82	19.77	22.88	8.54	0.43
Net Cash (Debt)	24.44	-13.98	-13.41	-21.74	1.72	2.2
Net Cash Growth	-	-	-	-	-21.96%	40.69%
Net Cash Per Share	1.65	-2.22	-10.20	-36.28	3.62	5.74
Filing Date Shares Outstanding	68.42	12.49	2.84	0.99	0.56	0.39
Total Common Shares Outstanding	64.05	10.61	2.51	0.75	0.55	0.39
Working Capital	10.22	-34.38	-13.89	-25.75	9.3	3.14
Book Value Per Share	0.23	-1.18	10.58	55.98	165.38	15.19
Tangible Book Value	3.87	-30.1	-0.5	5.43	45.15	5.92
Tangible Book Value Per Share	0.06	-2.84	-0.20	7.26	82.06	15.19
Land	2.8	1.55	1.54	0.54	0.05	-
Buildings	32.29	25.45	25.37	6.41	5.65	-
Machinery	29.04	20.89	20.85	10.58	33.52	1.14
Construction In Progress	14.54	9.25	1.11	26.18	7.59	-
Leasehold Improvements	-	-	-	-	0.32	0.22

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

SEC Filings: 10-K · 10-Q