Soluna Holdings (SLNH) Net Margin (2010 - 2026)
Soluna Holdings' (SLNH) quarterly Net Margin came in at 150.23% in Q2 2026, down 2389.0% on a YoY basis from 6.56% in Q2 2025, and up 21.17% quarter-over-quarter from 190.57% in Q1 2026.
Powered by 
Analysis
Soluna Holdings (SLNH) Net Margin (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNH) has reported Net Margin for 12 consecutive years, with 150.23% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin fell 2389.0% year-over-year to 150.23%; the trailing twelve-month figure through Jun 2026 stood at 195.8% (up 2558.0% YoY), and the FY2025 full-year result was 191.78%, down 3844.0% from the prior year.
- Net Margin grew to 150.23% in Q2 2026 per SLNH's latest filing, from 190.57% in the prior quarter.
- Across five years, Net Margin topped out at 20.27% in Q1 2024 and bottomed at 881.42% in Q3 2022.
- Historically, Net Margin has averaged 239.51% across 5 years, with a median of 138.28% in 2025.
- The sharpest annual moves came in 2022 and 2023: Net Margin slumped 86189 bps in 2022, then jumped 77764 bps in 2023.
- Over 5 years, Net Margin stood at 656.63% in 2022, then soared by 92 bps to 49.4% in 2023, then sank by 843 bps to 465.64% in 2024, then jumped by 63 bps to 174.54% in 2025, then advanced by 14 bps to 150.23% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 150.23%, 190.57%, and 174.54% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.32 Bn | 102.12 Bn | 1.40 Bn | 18.17% |
| 2 | Terawulf | 8.71 Bn | 5.94 Bn | 32.37 Mn | -2,076.90% |
| 3 | Applied Digital | 8.12 Bn | 6.10 Bn | 97.29 Mn | -43.18% |
| 4 | Cipher Digital | 7.83 Bn | 3.83 Bn | 9.79 Mn | -1,077.14% |
| 5 | GDS Holdings | 7.07 Bn | 5.01 Bn | 97.89 Mn | 27.05% |
| 6 | Core Scientific | 5.87 Bn | 3.93 Bn | 70.04 Mn | -703.59% |
| 7 | Vnet | 1.95 Bn | 1.06 Bn | 74.45 Mn | -5.21% |
| 8 | Sify Technologies | 1.53 Bn | 1.53 Bn | 51.65 Mn | 10.40% |
| 9 | WhiteFiber | 771.39 Mn | 711.02 Mn | 18.88 Mn | -51.93% |
| 10 | Soluna Holdings | 167.65 Mn | 161.65 Mn | 766,000.00 | -150.23% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -150.23% |
| Mar 31, 2026 | -190.57% |
| Dec 31, 2025 | -174.54% |
| Sep 30, 2025 | -306.44% |
| Jun 30, 2025 | -126.34% |
| Mar 31, 2025 | -123.89% |
| Dec 31, 2024 | -465.64% |
| Sep 30, 2024 | -107.55% |
| Jun 30, 2024 | -94.52% |
| Mar 31, 2024 | -20.27% |
| Dec 31, 2023 | -49.40% |
| Sep 30, 2023 | -103.78% |
| Jun 30, 2023 | -447.63% |
| Mar 31, 2023 | -241.14% |
| Dec 31, 2022 | -656.63% |
| Sep 30, 2022 | -881.42% |
| Jun 30, 2022 | -75.58% |
| Mar 31, 2022 | -95.60% |
| Dec 31, 2021 | -32.78% |
| Sep 30, 2021 | -19.53% |
API Access
Soluna Holdings Net 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=net-margin&ticker=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();