Soluna Holdings, Inc. (SLNH)

Soluna Holdings Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-56.99	-58.3	-27.7	-214.03	-12.78
Depreciation & Amortization	16.35	15.64	13.38	28.21	3.7
Stock-Based Compensation	10.57	5.31	4.31	3.85	2.05
Other Adjustments	13.3	37.22	4.76	68.69	2.09
Change in Receivables	-2.83	-0.51	-2.62	0.21	-0.47
Changes in Accounts Payable	2.01	0.74	-0.86	0.55	2.77
Changes in Accrued Expenses	4.31	4.77	3.89	-0.37	2.2
Changes in Unearned Revenue	-0.67	-	-0.45	0.14	0.32
Changes in Other Operating Activities	3.8	-9.95	2.31	-0.39	-1.62
Operating Cash Flow	-9.15	-5.07	-2.99	-5.75	5.55
Operating Cash Flow Growth	-	-	-	-	192.06%
Capital Expenditures	-28.07	-8.85	-12.71	-63.68	-45.79
Sale of Property, Plant & Equipment	-	0.22	2.29	2.61	-
Purchases of Intangible Assets	-0.13	-0.1	-0.06	-0.08	-1.57
Other Investing Activities	-3.65	-4.42	0.15	15.53	-9.95
Investing Cash Flow	-31.85	-13.16	-10.33	-54.71	-57.27
Short-Term Debt Issued	-	-	-	-	1
Net Short-Term Debt Issued (Repaid)	-	-	-	-	1
Long-Term Debt Issued	23.89	14.47	3.1	30.54	15
Long-Term Debt Repaid	-6.68	-2.68	-1.41	-4.49	-
Net Long-Term Debt Issued (Repaid)	17.21	11.8	1.69	26.05	15
Issuance of Common Stock	80.35	2.33	0.82	3.79	21.94
Repurchase of Common Stock	-0.08	-	-	-	-
Net Common Stock Issued (Repurchased)	80.27	2.33	0.82	3.79	21.94
Issuance of Preferred Stock	-	-	-	16.66	27.97
Net Preferred Stock Issued (Repurchased)	-	-	-	16.66	27.97
Preferred Share Dividends Paid	-	-	-	-3.85	-0.63
Other Financing Activities	17.55	4.19	19.35	0.29	-5.89
Financing Cash Flow	119.39	18.32	21.86	42.94	59.38
Net Cash Flow	78.39	0.09	8.55	-17.52	7.67
Free Cash Flow	-37.21	-13.92	-15.69	-69.43	-40.24
FCF Margin	-125.23%	-36.62%	-74.49%	-243.22%	-280.52%
Free Cash Flow Per Share	-1.28	-2.72	-11.94	-115.86	-84.96
Levered Free Cash Flow	-38.47	-49.19	-21.95	-108.21	-27.69
Unlevered Free Cash Flow	-34.63	-43.23	-13.93	-120.33	-42.91

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q