Soluna Holdings (SLNH) Operating Income (2010 - 2026)
Soluna Holdings (SLNH) reported Operating Income of -$16.6 million for Q1 2026, down 131.66% on a YoY basis from $52.5 million in Q1 2025, and down 37.39% quarter-over-quarter from -$12.1 million in Q4 2025.
Soluna Holdings (SLNH) Operating Income (2010 - 2026) Analysis & Trends
Soluna Holdings has reported Operating Income for 12 years, with the latest figure at -$16.6 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 131.66% year-over-year to -$16.6 million; the trailing twelve-month figure through Mar 2026 stood at -$43.1 million (up 21.73% YoY), and the FY2025 full-year result was -$33.7 million, up 29.13% from the prior year.
- Operating Income for Q1 2026 stood at -$16.6 million, down from -$12.1 million in the prior quarter.
- The five-year high for Operating Income was $407000.0 in Q1 2024, with the low at -$41.7 million in Q3 2022.
- Historically, Operating Income has averaged -$11.9 million across 5 years, with a median of -$7.2 million in 2025.
- Annual changes were most pronounced in 2022 — Operating Income slumped 4356.84% — and 2024, when it jumped 105.8%.
- Soluna Holdings' Operating Income stood at -$26.8 million in 2022, then surged by 90.98% to -$2.4 million in 2023, then plunged by 1355.0% to -$35.2 million in 2024, then surged by 65.66% to -$12.1 million in 2025, then plunged by 37.39% to -$16.6 million in 2026.
- The last three Operating Income figures came in at -$16.6 million (Q1 2026), -$12.1 million (Q4 2025), and -$7.8 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | - |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | - |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | - |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | - |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | - |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | - |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 287.25 Mn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 45.00 Mn |
| 10 | Soluna Holdings | 119.84 Mn | 118.48 Mn | 1.92 Mn | -16.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -16.63 Mn |
| Dec 31, 2025 | -12.10 Mn |
| Sep 30, 2025 | -7.78 Mn |
| Jun 30, 2025 | -6.62 Mn |
| Mar 31, 2025 | -7.18 Mn |
| Dec 31, 2024 | -35.24 Mn |
| Sep 30, 2024 | -9.02 Mn |
| Jun 30, 2024 | -3.68 Mn |
| Mar 31, 2024 | 407,000.00 |
| Dec 31, 2023 | -2.42 Mn |
| Sep 30, 2023 | -3.74 Mn |
| Jun 30, 2023 | -7.07 Mn |
| Mar 31, 2023 | -7.01 Mn |
| Dec 31, 2022 | -26.84 Mn |
| Sep 30, 2022 | -41.72 Mn |
| Jun 30, 2022 | -9.43 Mn |
| Mar 31, 2022 | -6.80 Mn |
| Dec 31, 2021 | -1.52 Mn |
| Sep 30, 2021 | -936,000.00 |
| Jun 30, 2021 | -1.39 Mn |