Soluna Holdings (SLNH) Gross Margin (2010 - 2026)

Soluna Holdings' (SLNH) quarterly Gross Margin came in at 20.39% in Q1 2026, up 62.0% YoY from 12.58% in Q1 2025, and up 6.28% on a QoQ basis from 19.18% in Q4 2025.

Soluna Holdings (SLNH) Gross Margin (2010 - 2026) Analysis & Trends

Soluna Holdings (SLNH) has 12 years of Gross Margin data on file, last reported at 20.39% in Q1 2026.

  • Quarterly Gross Margin rose 62.0% year-over-year to 20.39% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 21.7% (up 1013.0% YoY) and the FY2025 annual result came in at 21.73%, up 8416.0% from the prior year.
  • Gross Margin rose to 20.39% in Q1 2026, from 19.18% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 63.54% in Q1 2022 to a low of 75.58% in Q3 2022.
  • A 5-year average of 8.69% and a median of 19.29% in 2025 frame the typical range for Gross Margin.
  • Annual changes were most pronounced in 2022 — Gross Margin slumped 15564 bps — and 2023, when it soared 9985 bps.
  • Tracing SLNH's Gross Margin over 5 years: 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 Morgan Stanley 338.83 Bn 205.30 Bn - -
2 Goldman Sachs 316.34 Bn -660.01 Bn - -
3 Schwab Charles 220.55 Bn 135.80 Bn - -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn 206.12%
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 92.05%
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 72.42%
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - -
10 Soluna Holdings 101.76 Mn 97.53 Mn 1.92 Mn 20.39%

Historic Data

Download Data
DateValue
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%