Soluna Holdings (SLNH) Operating Expenses (2010 - 2026)
Soluna Holdings' (SLNH) quarterly Operating Expenses came in at $20.9 million in Q2 2026, up 117.12% on a YoY basis from $9.6 million in Q2 2025, and up 0.81% quarter-over-quarter from $20.8 million in Q1 2026.
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Analysis
Soluna Holdings (SLNH) Operating Expenses (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNH) has reported Operating Expenses for 12 consecutive years, with $20.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 117.12% year-over-year to $20.9 million; the trailing twelve-month figure through Jun 2026 stood at $66.6 million (up 151.77% YoY), and the FY2025 full-year result was $47.0 million, up 30.52% from the prior year.
- Operating Expenses advanced to $20.9 million in Q2 2026 per SLNH's latest filing, from $20.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $20.9 million in Q2 2026 and bottomed at -$23000.0 in Q1 2024.
- Historically, Operating Expenses has averaged $6.4 million across 5 years, with a median of $3.9 million in 2023.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses tumbled 100.43% in 2022, then surged 183000.0% in 2025.
- Over 5 years, Operating Expenses stood at -$20000.0 in 2022, then soared by 5990.0% to $1.2 million in 2023, then surged by 466.13% to $6.7 million in 2024, then surged by 107.93% to $13.9 million in 2025, then soared by 51.0% to $20.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $20.9 million, $20.8 million, and $13.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.32 Bn | 102.12 Bn | 1.40 Bn | 1.96 Bn |
| 2 | Terawulf | 8.71 Bn | 5.94 Bn | 32.37 Mn | 185.22 Mn |
| 3 | Applied Digital | 8.12 Bn | 6.10 Bn | 97.29 Mn | 383.57 Mn |
| 4 | Cipher Digital | 7.83 Bn | 3.83 Bn | 9.79 Mn | 35.08 Mn |
| 5 | GDS Holdings | 7.07 Bn | 5.01 Bn | 97.89 Mn | -28.32 Mn |
| 6 | Core Scientific | 5.87 Bn | 3.93 Bn | 70.04 Mn | 49.39 Mn |
| 7 | Vnet | 1.95 Bn | 1.06 Bn | 74.45 Mn | -40.67 Mn |
| 8 | Sify Technologies | 1.53 Bn | 1.53 Bn | 51.65 Mn | -97.82 Mn |
| 9 | WhiteFiber | 771.39 Mn | 711.02 Mn | 18.88 Mn | 38.09 Mn |
| 10 | Soluna Holdings | 167.65 Mn | 161.65 Mn | 766,000.00 | 20.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.94 Mn |
| Mar 31, 2026 | 20.77 Mn |
| Dec 31, 2025 | 13.87 Mn |
| Sep 30, 2025 | 10.99 Mn |
| Jun 30, 2025 | 9.64 Mn |
| Mar 31, 2025 | 10.12 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 | 12.75 Mn |
| Mar 31, 2022 | 7.26 Mn |
| Dec 31, 2021 | 4.63 Mn |
| Sep 30, 2021 | 2.88 Mn |
API Access
Soluna Holdings Operating Expenses 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=operating-expenses&ticker=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();