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

Soluna Holdings (SLNH) posted Gross Margin of 20.39% for Q1 2026, up 6.28% quarter-over-quarter from 19.18% in Q4 2025, and up 62.0% year-on-year from 12.58% in Q1 2025.

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

Soluna Holdings (SLNH) has reported Gross Margin for 12 consecutive years, with 20.39% the latest figure, recorded in Q1 2026.

  • Gross Margin for Q1 2026 came in at 20.39%, up 62.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.7% (up 1013.0% YoY), and the FY2025 annual result was 21.73%, up 8416.0% from the prior year.
  • Gross Margin was 20.39% for Q1 2026 at Soluna Holdings, up from 19.18% in the prior quarter.
  • Over five years, Gross Margin peaked at 63.54% in Q1 2022 and troughed at 75.58% in Q3 2022.
  • Average Gross Margin over 5 years is 8.69%, with a median of 19.29% recorded in 2025.
  • Year-over-year, Gross Margin plunged 15564 bps in 2022 and surged 9985 bps in 2023.
  • Over 5 years, Gross Margin stood at 51.8% in 2022, then surged by 182 bps to 42.35% in 2023, then slumped by 108 bps to 3.47% in 2024, then soared by 653 bps to 19.18% in 2025, then increased by 6 bps to 20.39% in 2026.
  • Per Business Quant data, the three most recent Gross Margin figures were 20.39% in Q1 2026, 19.18% in Q4 2025, and 27.68% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -
2 Goldman Sachs 309.79 Bn -627.76 Bn - -
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 206.12%
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 89.97%
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - -
7 Tradeweb Markets 21.59 Bn 20.34 Bn - -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 84.10%
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 99.97%
10 Soluna Holdings 105.97 Mn 104.60 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%