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
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%