Soluna Holdings (SLNH) Gross Margin (2010 - 2026)
Soluna Holdings' Gross Margin was 5.09% in Q2 2026, down 14.21 percentage points from 19.29% a year earlier and down 15.30 percentage points from the prior quarter.
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Analysis
Soluna Holdings (SLNH) Gross Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Soluna Holdings' Gross Margin was 16.10% through Jun 30, 2026, up 13.56 percentage points year-over-year; for FY2025, it was 21.73%, up 84.16 percentage points from FY2024.
- Gross Margin shows a three-year change of +49.61 percentage points (FY2022 to FY2025).
- In earlier years, Gross Margin was -62.43% in FY2024 (-75.58 pp), 13.15% in FY2023 (+41.03 pp) and -27.88% in FY2022.
- The Q2 2026 figure marks the lowest quarterly Gross Margin since Q4 2024.
- Compared with a year earlier, Gross Margin was higher in three of the last eight quarters, with an average year-over-year change of -11.50 percentage points.
- The best year-over-year quarter for Gross Margin over five years was Q3 2023 (a gain of 99.85 percentage points); the worst was Q3 2022 (a drop of 154.42 percentage points).
- Per Business Quant data, SLNH's Gross Margin in the three quarters before Q2 2026 was 20.39% (Q1 2026), 19.18% (Q4 2025) and 27.68% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,949.74 Bn | 3,872.90 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 225.50 Bn | 176.31 Bn | 9.91 Bn | 57.73% |
| 3 | Cloudflare | 103.91 Bn | 87.44 Bn | 499.52 Mn | 71.76% |
| 4 | Equinix | 97.23 Bn | 85.79 Bn | 1.40 Bn | 53.14% |
| 5 | Nebius | 41.03 Bn | 14.46 Bn | 448.70 Mn | 77.06% |
| 6 | CoreWeave | 34.20 Bn | 21.29 Bn | 1.70 Bn | 65.86% |
| 7 | Verisign | 27.85 Bn | 25.07 Bn | 384.60 Mn | 88.50% |
| 8 | Nutanix | 18.18 Bn | 9.86 Bn | 651.35 Mn | 86.03% |
| 9 | GoDaddy | 14.33 Bn | 9.91 Bn | 828.20 Mn | 63.81% |
| 10 | Soluna Holdings | 77.37 Mn | 77.37 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 | 4.91% |
| Sep 30, 2021 | 78.84% |
| Jun 30, 2021 | 69.70% |
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();