Soluna Holdings (SLNH) Operating Expenses (2010 - 2026)
Soluna Holdings (SLNH) reported Operating Expenses of $20.7 million for Q1 2026, up 105.62% on a YoY basis from $10.1 million in Q1 2025, and up 49.59% quarter-over-quarter from $13.9 million in Q4 2025.
Soluna Holdings (SLNH) Operating Expenses (2010 - 2026) Analysis & Trends
Soluna Holdings has reported Operating Expenses for 12 years, with the latest figure at $20.7 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 105.62% year-over-year to $20.7 million; the trailing twelve-month figure through Mar 2026 stood at $48.8 million (up 190.48% YoY), and the FY2025 full-year result was $46.9 million, up 30.07% from the prior year.
- Operating Expenses for Q1 2026 stood at $20.7 million, up from $13.9 million in the prior quarter.
- The five-year high for Operating Expenses was $20.7 million in Q1 2026, with the low at -$23000.0 in Q1 2024.
- Historically, Operating Expenses has averaged $4.8 million across 5 years, with a median of $1.2 million in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses slumped 100.43% — and 2025, when it surged 142983.33%.
- Soluna Holdings' Operating Expenses stood at -$20000.0 in 2022, then jumped by 5990.0% to $1.2 million in 2023, then soared by 466.13% to $6.7 million in 2024, then soared by 107.93% to $13.9 million in 2025, then jumped by 49.59% to $20.7 million in 2026.
- The last three Operating Expenses figures came in at $20.7 million (Q1 2026), $13.9 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 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 330.51 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 242.35 Mn |
| 10 | Soluna Holdings | 119.84 Mn | 118.48 Mn | 1.92 Mn | 20.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.74 Mn |
| Dec 31, 2025 | 13.87 Mn |
| Sep 30, 2025 | 8.59 Mn |
| Jun 30, 2025 | 5.64 Mn |
| Mar 31, 2025 | 10.09 Mn |
| Dec 31, 2024 | 6.67 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 | 10.37 Mn |
| Mar 31, 2022 | 4.88 Mn |
| Dec 31, 2021 | 4.63 Mn |
| Sep 30, 2021 | 2.88 Mn |
| Jun 30, 2021 | 3.06 Mn |