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
DateValue
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