Soluna Holdings (SLNH) Gross Margin (2010 - 2026)
Soluna Holdings' (SLNH) quarterly Gross Margin came in at 5.09% in Q2 2026, down 1421.0% on a YoY basis from 0.39% in Q2 2025, and down 75.05% quarter-over-quarter from 20.39% in Q1 2026.
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Soluna Holdings (SLNH) Gross Margin (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNH) has reported Gross Margin for 12 consecutive years, with 5.09% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Gross Margin fell 1421.0% year-over-year to 5.09%; the trailing twelve-month figure through Jun 2026 stood at 16.1% (up 1356.0% YoY), and the FY2025 full-year result was 21.73%, up 8416.0% from the prior year.
- Gross Margin retreated to 5.09% in Q2 2026 per SLNH's latest filing, from 20.39% in the prior quarter.
- Across five years, Gross Margin topped out at 63.54% in Q1 2022 and bottomed at 75.58% in Q3 2022.
- Historically, Gross Margin has averaged 8.49% across 5 years, with a median of 19.24% in 2025.
- The sharpest annual moves came in 2022 and 2023: Gross Margin tumbled 15564 bps in 2022, then jumped 9985 bps in 2023.
- Over 5 years, Gross Margin stood at 51.8% in 2022, then jumped by 182 bps to 42.35% in 2023, then sank by 108 bps to 3.47% in 2024, then surged by 653 bps to 19.18% in 2025, then tumbled by 73 bps to 5.09% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 5.09%, 20.39%, and 19.18% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.32 Bn | 102.12 Bn | 1.40 Bn | 53.14% |
| 2 | Terawulf | 8.71 Bn | 5.94 Bn | 32.37 Mn | 72.30% |
| 3 | Applied Digital | 8.12 Bn | 6.10 Bn | 97.29 Mn | 37.60% |
| 4 | Cipher Digital | 7.83 Bn | 3.83 Bn | 9.79 Mn | 39.42% |
| 5 | GDS Holdings | 7.07 Bn | 5.01 Bn | 97.89 Mn | 21.51% |
| 6 | Core Scientific | 5.87 Bn | 3.93 Bn | 70.04 Mn | 42.66% |
| 7 | Vnet | 1.95 Bn | 1.06 Bn | 74.45 Mn | 18.18% |
| 8 | Sify Technologies | 1.53 Bn | 1.53 Bn | 51.65 Mn | 39.59% |
| 9 | WhiteFiber | 771.39 Mn | 711.02 Mn | 18.88 Mn | 65.45% |
| 10 | Soluna Holdings | 167.65 Mn | 161.65 Mn | 766,000.00 | 5.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.09% |
| 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% |
API Access
Soluna Holdings Gross 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=gross-margin&ticker=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();