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Soluna(NASDAQ) SLNH

Market Cap$179.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (1986)-100%
5 Year-99%
1 Year+136%
1 Month-19%
$1.32
+15.35%
+0.18Today
Soluna last closing stock price
MetricPriceDate
Last closeUSD 1.142026-07-29
Soluna stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-12.31%USD 1.302026-07-22
1 month-18.57%USD 1.402026-06-29
3 month-31.33%USD 1.662026-04-30
Year to date-2.56%USD 1.172025-12-31
1 year+135.83%USD 0.482025-07-29
3 year-85.29%USD 7.752023-07-28
5 year-99.4%USD 189.752021-07-30
Since inception-99.6%USD 285.521986-08-19

Soluna Financials at a Glance

Market Cap

$179.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$33.17M

Net Income (TTM)

-$63.32M

EPS (TTM)

-$2.24

P/E Ratio

-0.51

Dividend

$0.00

Beta (Volatility)

2.42 (High)

Price

$1.32

Volume

15,666,623.554

Open

$1.21

Previous Close

$1.14

Daily Range

$1.21 - $1.36

52-Week Range

$0.42 - $5.14

Estimated Earnings Date

Aug 13, 2026

SLNH News

GettyImages-2175694227-1201x899-8313029

Mara Holdings vs. Soluna Holdings: Which AI Pivot Is More Compelling?

Marc GubertiJun 23, 2026
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Soluna Revenue Falls 36 Percent

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About Soluna

Soluna builds data centers that run on extra renewable energy. These centers process Bitcoin transactions and run complex software for artificial intelligence. The company uses electricity that would otherwise go to waste.

What Soluna Does

  • Data Hosting: Providing space, power, and internet for third-party computers; this segment generated $6.7 million in Q1 2026.
  • Cryptocurrency Mining: Using company-owned hardware to earn digital currencies like Bitcoin; this brought in $2.2 million in Q1 2026.
  • Grid Services: Managing electricity use to help keep power grids stable; this provided $537 thousand in Q1 2026.
  • Cloud Computing: Offering high-speed processing for research and AI through the Soluna Cloud brand.

Building the Network

  • Acquired 100% of Briscoe Wind Farm, LLC, a 150 MW wind power project, on April 1, 2026.
  • Launched Soluna Cloud, Inc. in March 2024 to provide computing resources for AI applications.
  • Formed Soluna Energy, Inc. in April 2024 to manage renewable energy contracts and land leases.
  • Created Soluna Wind Holdings, Inc. in January 2026 to operate wind-powered electricity generation facilities.
  • Purchased the remaining 85.4% ownership interest in Soluna DVSL ComputeCo, LLC after March 2026.

Why Soluna Stands Out

Soluna places its data centers directly at renewable energy sites like wind and solar farms. This strategy uses curtailment, which is electricity that power plants reduce because the grid is full. By using this surplus, Soluna gets lower energy costs while helping the grid stay balanced.

The Quarterly Scorecard

  • Revenue reached $9.4 million in Q1 2026, up 58.3% from $5.9 million in Q1 2025.
  • Operating loss deepened to $16.6 million in Q1 2026, worsening by 131.7% from $7.2 million in Q1 2025.
  • Net loss reached $17.5 million in Q1 2026, worsening by 131.2% from $7.6 million the previous year.
  • Free cash flow was negative $8.9 million in Q1 2026, worsening by 124.3% from Q1 2025.
  • Operating cash flow was negative $6.4 million in Q1 2026, compared to negative $177 thousand in Q1 2025.

Bottom Line

Soluna has evolved from a pure cryptocurrency miner into a developer of diversified digital infrastructure. Its strategy combines renewable energy production with specialized computing power for the blockchain and artificial intelligence sectors.

AI Generated • May 19, 2026

Industry

Software

Sector

Information Technology

Employees

55

CEO

John Belizaire

Website

www.solunacomputing.com

Headquarters

Albany, NY 12205, US

SLNH Financials

Key Financial Metrics (TTM)

Gross Margin

14.46%

Operating Margin

-130.01%

Net Income Margin

-190.88%

Return on Equity

-257.31%

Return on Capital

-40.02%

Return on Assets

-33.25%

Earnings Yield

-1.96%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$179.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

157.75M

Volume

15.67M

Avg. Volume

21.06M

Financials (TTM)

Gross Profit

$4.80M

Operating Income

-$43.13M

EBITDA

-$46.72M

Operating Cash Flow

-$15.34M

Capital Expenditure

-$34.66M

Free Cash Flow

-$50.00M

Cash & ST Invst.

$68.57M

Total Debt

$27.99M

Soluna Performance Analysis

Soluna annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 28,547,00099.0%
20232023-12-31USD 21,066,000-26.2%
20242024-12-31USD 38,021,00080.5%
20252025-12-31USD 29,717,000-21.8%
Soluna sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-303.7%
Q32025-09-3036.7%
Q42025-12-319.4%
Q12026-03-312.0%
Soluna annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -164.721382.8%
20232023-12-31USD -27.79-83.1%
20242024-12-31USD -12.15-56.3%
20252025-12-31USD -2.38-80.4%
Soluna sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3021.6%
Q32025-09-30-65.2%
Q42025-12-3185.1%
Q12026-03-31-41.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$9.39M

+58.3%

Gross Profit

-$486.00K

-141.4%

Gross Margin

-5.17%

N/A

Market Cap

$179.83MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.27M

N/A

Employees

55

N/A

Net Income

-$17.47M

-131.2%

EBITDA

-$11.82M

-288.0%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$68.57M

+648.5%

Total Debt

$27.99M

+15.0%

Accounts Receivable

$8.47M

+258.5%

Inventory

$0.00

N/A

Long Term Debt

$17.87M

+71.4%

Short Term Debt

$10.13M

-27.2%

Return on Assets

-33.25%

N/A

Return on Invested Capital

-31.14%

N/A

Free Cash Flow

-$8.94M

-124.3%

Operating Cash Flow

-$6.37M

-3500.0%

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Questions About SLNH

What is the current price of Soluna?

Soluna is trading at $1.32 per share.

What is the 52-week range for Soluna?

Over the past 52 weeks, Soluna has traded between $0.42 and $5.14.

How much debt does Soluna have?

As of the most recent reporting period, Soluna reported total debt of $27.99M.

How much cash does Soluna have on hand?

Soluna reported $78.07M in cash and cash equivalents in its most recent financial results.

What is Soluna’s dividend yield?

Soluna does not currently have a dividend yield.

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