Soluna Holdings (SLNH) Gross Margin (2010 - 2026)
Soluna Holdings (SLNH) reported Gross Margin of 20.39% for Q1 2026, up 62.0% on a YoY basis from 12.58% in Q1 2025, and up 6.28% quarter-over-quarter from 19.18% in Q4 2025.
Soluna Holdings (SLNH) Gross Margin (2010 - 2026) Analysis & Trends
Soluna Holdings has reported Gross Margin for 12 years, with the latest figure at 20.39% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 62.0% year-over-year to 20.39%; the trailing twelve-month figure through Mar 2026 stood at 21.7% (up 1013.0% YoY), and the FY2025 full-year result was 21.73%, up 8416.0% from the prior year.
- Gross Margin for Q1 2026 stood at 20.39%, up from 19.18% in the prior quarter.
- The five-year high for Gross Margin was 63.54% in Q1 2022, with the low at 75.58% in Q3 2022.
- Historically, Gross Margin has averaged 8.69% across 5 years, with a median of 19.29% in 2025.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 15564 bps — and 2023, when it soared 9985 bps.
- Soluna Holdings' Gross Margin stood at 51.8% in 2022, then surged by 182 bps to 42.35% in 2023, then tumbled by 108 bps to 3.47% in 2024, then soared by 653 bps to 19.18% in 2025, then advanced by 6 bps to 20.39% in 2026.
- The last three Gross Margin figures came in at 20.39% (Q1 2026), 19.18% (Q4 2025), and 27.68% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 89.97% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 84.10% |
| 10 | Soluna Holdings | 116.06 Mn | 114.69 Mn | 1.92 Mn | 20.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.39% |
| Dec 31, 2025 | 19.18% |
| Sep 30, 2025 | 27.68% |
| Jun 30, 2025 | 19.29% |
| Mar 31, 2025 | 19.76% |
| Dec 31, 2024 | -3.47% |
| Sep 30, 2024 | -18.13% |
| Jun 30, 2024 | 42.48% |
| Mar 31, 2024 | 55.26% |
| Dec 31, 2023 | 42.35% |
| Sep 30, 2023 | 24.27% |
| Jun 30, 2023 | -18.86% |
| Mar 31, 2023 | -2.14% |
| Dec 31, 2022 | -51.80% |
| Sep 30, 2022 | -75.58% |
| Jun 30, 2022 | -16.52% |
| Mar 31, 2022 | 63.54% |
| Dec 31, 2021 | 73.95% |
| Sep 30, 2021 | 80.06% |
| Jun 30, 2021 | 76.10% |