FY2025 · ended Dec 31, 2025 · Revenue $29.72M, -21.8% YoY · Filed Mar 30, 2026
Soluna Holdings, Inc. (SLNH) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $29.7 million and a net loss of $53.4 million. Free cash flow was -$37.2 million. As of Jun 30, 2026 it held $113.4 million in cash and investments and $39.3 million in total debt.
Revenue (TTM)
$42.08M
+50.9% vs year-ago TTM
Net income (TTM)
$-76.65M
-23.3% vs year-ago TTM
Operating cash flow (TTM)
$-19.43M
-577.3% vs year-ago TTM
Free cash flow (TTM)
$-49.19M
-155.7% vs year-ago TTM
EPS (TTM)
$-1.19
+86.8% vs year-ago TTM
Dividend per share
None
Shares outstanding
111.38M
+792.0% vs prior year
Net cash
$74.07M
as of Jun 30, 2026
Operating margin
-127.0%
FY 2026
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- SLNH (Nasdaq), SLNHP (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- NV
- Headquarters
- Albany, NY
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 64463
- Former names
- MECHANICAL TECHNOLOGY INC (until Oct 29, 2021)
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $29.7M | $38.0M | $21.1M | $28.5M | $14.3M |
| Operating income | -$33.7M | -$47.5M | -$20.2M | -$84.8M | -$4.5M |
| Net income | -$53.4M | -$63.3M | -$29.2M | -$98.7M | -$5.3M |
| Diluted EPS | -$2.38 | -$14.94 | -$27.79 | — | -$0.50 |
| Operating cash flow | -$9.1M | -$5.1M | -$3.0M | -$6.1M | $4.6M |
| Free cash flow | -$37.2M | -$13.9M | -$15.7M | -$69.8M | -$41.2M |
| Total assets | $187.9M | $88.0M | $91.3M | $85.0M | $117.7M |
| Total liabilities | $75.7M | $60.7M | $37.9M | $38.7M | $26.7M |
| Stockholders' equity | $53.5M | -$12.5M | $26.5M | $41.9M | $91.0M |
| Cash and investments | $76.4M | $7.8M | $6.4M | $1.1M | $10.3M |
| Total debt | $29.3M | $7.4M | $436,000 | $13.2M | $421,000 |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Regulation FD disclosure
|
Oct 26, 2026 | Oct 26, 2026 |
| 8-K |
Current report
Material agreement, Unregistered share sale
|
Oct 21, 2026 | Oct 20, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 21, 2026 | Oct 21, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Oct 20, 2026 | Oct 20, 2026 |
| 8-K |
Current report
Bylaw or fiscal year change, Shareholder vote results
|
Oct 19, 2026 | Oct 16, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Sep 28, 2026 | Sep 28, 2026 |
All 1001 Soluna Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.