Soluna Holdings (SLNH) Invested Capital (2010 - 2026)
Soluna Holdings' (SLNH) quarterly Invested Capital came in at $139.0 million in Q1 2026, up 172.37% on a YoY basis from $51.0 million in Q1 2025, and up 33.72% quarter-over-quarter from $103.9 million in Q3 2025.
Powered by 
Analysis
Soluna Holdings (SLNH) Invested Capital (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNH) has reported Invested Capital for 8 consecutive years, with $139.0 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 172.37% year-over-year to $139.0 million; the trailing twelve-month figure through Mar 2026 stood at $139.0 million (up 172.37% YoY), and the FY2024 full-year result was $48.9 million, down 32.99% from the prior year.
- Invested Capital advanced to $139.0 million in Q1 2026 per SLNH's latest filing, from $103.9 million in the prior quarter.
- Across five years, Invested Capital topped out at $166.7 million in Q2 2023 and bottomed at $48.9 million in Q4 2024.
- Historically, Invested Capital has averaged $88.3 million across 5 years, with a median of $77.5 million in 2023.
- The sharpest annual moves came in 2024 and 2026: Invested Capital tumbled 52.8% in 2024, then surged 172.37% in 2026.
- Over 5 years, Invested Capital stood at $80.9 million in 2022, then dropped by 9.81% to $72.9 million in 2023, then plunged by 32.99% to $48.9 million in 2024, then surged by 112.71% to $103.9 million in 2025, then jumped by 33.72% to $139.0 million in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $139.0 million, $103.9 million, and $52.6 million for Q1 2026, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.32 Bn | 102.12 Bn | 1.40 Bn | 34.07 Bn |
| 2 | Terawulf | 8.71 Bn | 5.94 Bn | 32.37 Mn | 4.36 Bn |
| 3 | Applied Digital | 8.12 Bn | 6.10 Bn | 97.29 Mn | 6.70 Bn |
| 4 | Cipher Digital | 7.83 Bn | 3.83 Bn | 9.79 Mn | 6.20 Bn |
| 5 | GDS Holdings | 7.07 Bn | 5.01 Bn | 97.89 Mn | 8.45 Bn |
| 6 | Core Scientific | 5.87 Bn | 3.93 Bn | 70.04 Mn | 3.69 Bn |
| 7 | Vnet | 1.95 Bn | 1.06 Bn | 74.45 Mn | 3.23 Bn |
| 8 | Sify Technologies | 1.53 Bn | 1.53 Bn | 51.65 Mn | 801.51 Mn |
| 9 | WhiteFiber | 771.39 Mn | 711.02 Mn | 18.88 Mn | 402.28 Mn |
| 10 | Soluna Holdings | 167.65 Mn | 161.65 Mn | 766,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 138.99 Mn |
| Sep 30, 2025 | 103.94 Mn |
| Jun 30, 2025 | 52.60 Mn |
| Mar 31, 2025 | 51.03 Mn |
| Dec 31, 2024 | 48.87 Mn |
| Sep 30, 2024 | 72.89 Mn |
| Jun 30, 2024 | 78.69 Mn |
| Mar 31, 2024 | 71.52 Mn |
| Dec 31, 2023 | 72.92 Mn |
| Sep 30, 2023 | 76.29 Mn |
| Jun 30, 2023 | 166.71 Mn |
| Mar 31, 2023 | 68.82 Mn |
| Dec 31, 2022 | 80.86 Mn |
| Sep 30, 2022 | 92.90 Mn |
| Jun 30, 2022 | 124.54 Mn |
| Mar 31, 2022 | 110.77 Mn |
| Dec 31, 2021 | 106.23 Mn |
| Dec 31, 2011 | 4.92 Mn |
| Sep 30, 2011 | 2.45 Mn |
| Jun 30, 2011 | 2.16 Mn |
API Access
Soluna Holdings Invested Capital 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=invested-capital&ticker=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();