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SLNH Soluna Holdings, Inc

Trailing twelve months to 2026-06-30 · as filed 2026-08-13, not restated
Financials

Scale

Market cap
$292m
Revenue TTM
$42m
Net income TTM
$-78m
Free cash flow
$-45m
Composite score
29.4
Sector rank
#2677

Valuation

P / E
EV / EBITDA
EV / sales
7.0
FCF yield
-15.30%
Earnings yield vs 10-yr
-31.55pp

Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.

Quality and growth

Net margin
-185.8%
EBITDA margin
-82.3%
ROE
-50.1%
ROIC
-33.6%
Revenue growth
50.9%

Insider activity, last 90 days

Net open-market
$-0.84m
Buyers
2
Sellers
6

Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.

What management said

For the three months ended June 30, 2026 and 2025, our Bitcoin / Data Center Hosting Business accounted for approximately 84% and 51% of total revenue, respectively. For the three months ended June 30, 2026 , four customers accounted for 80% of hosting revenue and 67% of total revenue. For the six months ended June 30, 2026 and 2025, our Bitcoin / Data Center Hosting Business accounted for approximately 79% and 46% of total revenue, respectively. For the six months ended June 30, 2026 , four customers accounted for 79% of hosting revenue and 63% of total revenue. We believe this model reduces revenue volatility as compared to operating on a solo mining basis. …Soluna Holdings, Inc, 10-Q, period ended 2026-06-30, filed 2026-08-13

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