Latest revenue
$9.4M
as of 2026-03-31
Latest net income
$-17.5M
as of 2026-03-31
Net margin
-185.9%
as of 2026-03-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $269.7M
- Enterprise value
- $269.7M
- P/E (trailing)
- —
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.0%
- 52-wk high
- $5.14
- 52-wk low
- $0.41
- Beta
- —
- Shares out
- 157.7M
5-year trend
What this company does
Item 1: Business Unless the context requires otherwise in this Annual Report, the terms “SHI,” “Soluna,” the “Company,” “we,” “us,” and “our” refer to Soluna Holdings, Inc. together with its consolidated subsidiaries, “SDI” refers to Soluna Digital, Inc. “SCI” refers to Soluna Computing, Inc., formerly known as EcoChain, Inc., “Soluna Cloud” or “Cloud” refer to Soluna Cloud, Inc., and “SEI” refers to Soluna Energy, Inc. Other trademarks, trade names, and service marks used in this Annual Report are the property of their respective owners. Overview Our mission is to make renewable energy a global superpower by using computing as a catalyst. We develop, own, and operate digital infrastructure…
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Generated from SLNH's filing dated 2026-03-30
Key risks
Item 1A. Risk Factors An investment in our securities is highly speculative and involves a high degree of risk. We face a variety of risks that may affect our operations or financial results and many of those risks are driven by factors that we cannot control or predict. You should carefully consider the risks described below together with all of the other information in this Annual Report, including our consolidated financial statements and the related notes and the information described in the section entitled “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and in our other filings with the SEC. If any of the risks described below occur,…
AI summary unavailable — showing raw filing excerpt
Generated from SLNH's filing dated 2026-03-30
Profitability
Operating margin
-113.3%
9.3%Net margin
-179.7%
7.9%Return on equity
-99.7%
119.7%Return on assets
-28.4%
60.5%Leverage
Debt / equity
2.51×
131.2%Long-term debt / equity
0.33×
159.1%Debt / assets
71.5%
37.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | $9.4M | +58.3% | $-17.5M | -131.2% | -185.9% |
Q4 2025 2025-12-31 | $9.2M | +11.3% | $-14.5M | +63.7% | -157.7% |
Q3 2025 2025-09-30 | $8.4M | +11.8% | $-24.0M | -233.2% | -284.7% |
Q2 2025 2025-06-30 | $6.2M | -36.4% | $-7.4M | +32.1% | -119.9% |
Q1 2025 2025-03-31 | $5.9M | -52.7% | $-7.6M | -43.8% | -127.3% |
Q4 2024 2024-12-31 | $8.3M | — | $-40.0M | — | -483.8% |
Q3 2024 2024-09-30 | $7.5M | +29.8% | $-7.2M | -7.9% | -95.5% |
Q2 2024 2024-06-30 | $9.7M | +367.8% | $-10.9M | -23.9% | -112.4% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Finance Services · SIC 6199
Your notes
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Insider activity
Insider buying
$5.3K
Insider selling
$316.1K
Net activity
−$310.8K
Distinct insiders
7
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns SLNH
Institutional value
$2.4M
Total shares held
3.4M
Distinct holders
18
-27 vs prior
As of
2026-03-31
Prior: 2025-12-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | UBS Group AG | 890.3K | $629.4K | -212.9K (-19.3%) | Trimmed |
| 2 | BlackRock, Inc. | 785.0K | $554.8K | +268.5K (+52.0%) | Added |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 626.9K | $443.2K | — | New |
| 4 | Yorkville Advisors Global, LP | 336.0K | $237.5K | — | New |
| 5 | VANGUARD FIDUCIARY TRUST CO | 293.6K | $207.6K | — | New |
| 6 | Fiduciary Alliance LLC | 89.9K | $94.4K | +2.1K (+2.4%) | Added |
| 7 | Invesco Ltd. | 117.0K | $82.7K | — | New |
| 8 | Meramec Financial Planners, LLC | 38.7K | $54.1K | +0 (+0.0%) | No change |
| 9 | JPMORGAN CHASE & CO | 68.8K | $41.8K | — | New |
| 10 | Vanguard Global Advisers, LLC | 34.5K | $24.4K | — | New |
| 11 | MATAURO, LLC | 33.7K | $23.8K | +10.0K (+42.1%) | Added |
| 12 | LPL Financial LLC | 17.8K | $12.6K | -596 (-3.2%) | Trimmed |
| 13 | CITIGROUP INC | 12.3K | $8.7K | -54.8K (-81.7%) | Trimmed |
| 14 | SBI Securities Co., Ltd. | 11.0K | $7.8K | +2.0K (+22.7%) | Added |
| 15 | Quantbot Technologies LP | 1.4K | $977 | -193.7K (-99.3%) | Trimmed |
| 16 | Timmons Wealth Management, LLC | 195 | $138 | — | New |
| 17 | Steward Partners Investment Advisory, LLC | 21 | $15 | +0 (+0.0%) | No change |
| 18 | Covestor Ltd | 429 | $0 | +0 (+0.0%) | No change |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once SLNH's latest filing finishes processing.