Soluna Holdings (SLNH) Operating Expenses (2010 - 2026)
Soluna Holdings' (SLNH) quarterly Operating Expenses came in at $18.5 million in Q1 2026, up 115.27% YoY from $8.6 million in Q1 2025, and up 61.7% on a QoQ basis from $11.5 million in Q4 2025.
Soluna Holdings (SLNH) Operating Expenses (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNH) has 12 years of Operating Expenses data on file, last reported at $18.5 million in Q1 2026.
- Quarterly Operating Expenses rose 115.27% year-over-year to $18.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $46.6 million (up 106.85% YoY) and the FY2025 annual result came in at $30.5 million, up 2.31% from the prior year.
- Operating Expenses climbed to $18.5 million in Q1 2026, from $11.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $18.5 million in Q1 2026 to a low of -$23000.0 in Q1 2024.
- A 5-year average of $4.7 million and a median of $1.2 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses tumbled 100.43% — and 2025, when it surged 142983.33%.
- Tracing SLNH's Operating Expenses over 5 years: stood at -$20000.0 in 2022, then jumped by 5990.0% to $1.2 million in 2023, then jumped by 1078.1% to $13.9 million in 2024, then slipped by 17.38% to $11.5 million in 2025, then soared by 61.7% to $18.5 million in 2026.
- The last three Operating Expenses figures came in at $18.5 million (Q1 2026), $11.5 million (Q4 2025), and $8.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 734.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | 81.75 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 381.00 Mn |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 4.67 Bn |
| 10 | Soluna Holdings | 101.76 Mn | 97.53 Mn | 1.92 Mn | 18.54 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.54 Mn |
| Dec 31, 2025 | 11.47 Mn |
| Sep 30, 2025 | 8.59 Mn |
| Jun 30, 2025 | 8.04 Mn |
| Mar 31, 2025 | 8.61 Mn |
| Dec 31, 2024 | 13.88 Mn |
| Sep 30, 2024 | 6,000.00 |
| Jun 30, 2024 | 49,000.00 |
| Mar 31, 2024 | -23,000.00 |
| Dec 31, 2023 | 1.18 Mn |
| Sep 30, 2023 | 74,000.00 |
| Jun 30, 2023 | 238,000.00 |
| Mar 31, 2023 | -12,000.00 |
| Dec 31, 2022 | -20,000.00 |
| Sep 30, 2022 | -2,000.00 |
| Jun 30, 2022 | 4.87 Mn |
| Mar 31, 2022 | 4.88 Mn |
| Dec 31, 2021 | 4.63 Mn |
| Sep 30, 2021 | 2.72 Mn |
| Jun 30, 2021 | 2.91 Mn |