Soluna Holdings (SLNH) EBITDA Margin (2010 - 2026)
Soluna Holdings' EBITDA Margin was -74.21% in Q2 2026, down 31.16 percentage points from -43.05% a year earlier but up 53.78 percentage points from the prior quarter.
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Analysis
Soluna Holdings (SLNH) EBITDA Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Soluna Holdings' EBITDA Margin was -82.31% through Jun 30, 2026, up 69.69 percentage points year-over-year; for FY2025, it was -58.18%, up 25.55 percentage points from FY2024.
- EBITDA Margin shows a five-year change of +204.18 percentage points (FY2020 to FY2025).
- In earlier years, EBITDA Margin was -83.73% in FY2024 (-51.18 pp), -32.55% in FY2023 (+165.63 pp), -198.19% in FY2022 (-203.80 pp) and 5.62% in FY2021 (+267.97 pp).
- Quarterly EBITDA Margin has moved between -517.36% (Q4 2022) and 34.90% (Q1 2024) over five years.
- Compared with a year earlier, EBITDA Margin was higher in two of the last eight quarters, with an average year-over-year change of -47.32 percentage points.
- The best year-over-year quarter for EBITDA Margin over five years was Q4 2023 (a gain of 531.69 percentage points); the worst was Q4 2022 (a drop of 538.42 percentage points).
- Per Business Quant data, SLNH's EBITDA Margin in the three quarters before Q2 2026 was -127.99% (Q1 2026), -83.93% (Q4 2025) and -44.05% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,964.86 Bn | 3,888.01 Bn | 60.48 Bn | 57.36% |
| 2 | International Business Machines | 222.38 Bn | 173.19 Bn | 9.91 Bn | 23.10% |
| 3 | Cloudflare | 105.62 Bn | 89.15 Bn | 499.52 Mn | -15.49% |
| 4 | Equinix | 96.25 Bn | 84.81 Bn | 1.40 Bn | 46.55% |
| 5 | Nebius | 41.41 Bn | 14.84 Bn | 448.70 Mn | 18.99% |
| 6 | CoreWeave | 33.73 Bn | 20.82 Bn | 1.70 Bn | 53.94% |
| 7 | Verisign | 27.82 Bn | 25.04 Bn | 384.60 Mn | 69.70% |
| 8 | Nutanix | 18.15 Bn | 9.84 Bn | 651.35 Mn | 11.68% |
| 9 | GoDaddy | 13.94 Bn | 9.52 Bn | 828.20 Mn | 27.41% |
| 10 | Soluna Holdings | 76.14 Mn | 76.14 Mn | 766,000.00 | -74.21% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -74.21% |
| Mar 31, 2026 | -127.99% |
| Dec 31, 2025 | -83.93% |
| Sep 30, 2025 | -44.05% |
| Jun 30, 2025 | -43.05% |
| Mar 31, 2025 | -55.56% |
| Dec 31, 2024 | -378.41% |
| Sep 30, 2024 | -68.35% |
| Jun 30, 2024 | 2.03% |
| Mar 31, 2024 | 34.90% |
| Dec 31, 2023 | 14.33% |
| Sep 30, 2023 | -2.86% |
| Jun 30, 2023 | -200.92% |
| Mar 31, 2023 | -130.14% |
| Dec 31, 2022 | -517.36% |
| Sep 30, 2022 | -522.98% |
| Jun 30, 2022 | 16.00% |
| Mar 31, 2022 | 25.18% |
| Dec 31, 2021 | 21.06% |
| Sep 30, 2021 | -24.97% |
API Access
Soluna Holdings EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "SLNH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();