Soluna Holdings, Inc 9.0% Series A Cumulative Perpetual Preferred Stock financials
$12.82+0.55%
Close Sep 24, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.1M | $9.4M | $9.2M | $8.4M | $6.2M | $5.9M | $8.3M | $7.5M | $9.7M | $12.5M | $10.1M | $5.8M |
| Gross profit | $766.0K | $1.9M | $1.8M | $2.3M | $1.2M | $1.2M | -$287.0K | -$1.4M | $4.1M | $6.9M | $4.3M | $1.4M |
| Gross margin | 5.1% | 20.4% | 19.2% | 27.7% | 19.3% | 19.8% | −3.5% | −18.1% | 42.5% | 55.3% | 42.4% | 24.3% |
| Operating income | -$16.9M | -$16.6M | -$12.1M | -$7.8M | -$6.6M | -$7.2M | -$35.2M | -$9.0M | -$3.7M | $407.0K | -$1.8M | -$3.7M |
| Net income | -$23.7M | -$20.4M | -$17.5M | -$30.7M | -$10.3M | -$10.5M | -$45.4M | -$10.0M | -$13.5M | -$7.4M | -$8.4M | -$8.4M |
| Net margin | −157.5% | −217.3% | −189.7% | −365.4% | −167.9% | −177.0% | −549.4% | −132.6% | −140.0% | −58.7% | −83.3% | −145.3% |
| Diluted EPS | $-0.18 | $-0.24 | $-0.25 | $-1.14 | $-0.93 | $-1.21 | $-6.81 | $-1.56 | $-2.97 | $-2.62 | $-4.55 | $-5.96 |
| EBITDA | -$11.1M | -$12.0M | -$7.7M | -$3.7M | -$2.6M | -$3.3M | -$2.8M | -$5.1M | $232.0K | $4.5M | $1.6M | -$117.0K |
| Operating cash flow | -$5.2M | -$6.4M | -$5.7M | -$2.2M | -$1.1M | -$177.0K | -$1.7M | $61.0K | -$7.3M | $3.9M | $1.4M | -$568.0K |
| Free cash flow | -$12.1M | -$8.9M | -$16.7M | -$6.8M | -$5.4M | -$3.7M | -$6.8M | -$3.4M | -$7.6M | $3.3M | $1.2M | -$10.2M |
| Diluted shares | 131.0M | 84.1M | 69.3M | 27.0M | 11.1M | 8.7M | 6.7M | 6.4M | 4.6M | 2.8M | 1.9M | 1.4M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $113.4M | $68.6M | $76.4M | $51.4M | $9.9M | $9.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $35.0M | $28.1M | $29.3M | $23.6M | $26.6M | $26.7M |
| Total assets | $293.5M | $190.4M | $187.9M | $152.0M | $92.0M | $90.0M |
| Total liabilities | $81.8M | $76.1M | $75.7M | $78.6M | $62.6M | $63.1M |
| Shareholders' equity | $211.7M | $113.0M | $112.2M | $73.5M | $29.3M | $27.0M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology