Soluna Holdings (SLNH) Operating Income (2010 - 2026)
Soluna Holdings' (SLNH) quarterly Operating Income came in at -$16.9 million in Q2 2026, down 155.78% on a YoY basis from $30.4 million in Q2 2025, and down 1.91% quarter-over-quarter from -$16.6 million in Q1 2026.
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Analysis
Soluna Holdings (SLNH) Operating Income (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNH) has reported Operating Income for 12 consecutive years, with -$16.9 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income fell 155.78% year-over-year to -$16.9 million; the trailing twelve-month figure through Jun 2026 stood at -$53.4 million (up 7.94% YoY), and the FY2025 full-year result was -$33.7 million, up 29.13% from the prior year.
- Operating Income fell to -$16.9 million in Q2 2026 per SLNH's latest filing, from -$16.6 million in the prior quarter.
- Across five years, Operating Income topped out at $407000.0 in Q1 2024 and bottomed at -$41.7 million in Q3 2022.
- Historically, Operating Income has averaged -$12.2 million across 5 years, with a median of -$7.5 million in 2025.
- The sharpest annual moves came in 2022 and 2024: Operating Income tumbled 4356.84% in 2022, then surged 105.8% in 2024.
- Over 5 years, Operating Income stood at -$26.8 million in 2022, then jumped by 90.98% to -$2.4 million in 2023, then slumped by 1355.0% to -$35.2 million in 2024, then jumped by 65.66% to -$12.1 million in 2025, then sank by 40.01% to -$16.9 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$16.9 million, -$16.6 million, and -$12.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 104.32 Bn | 102.12 Bn | 1.40 Bn | 665.00 Mn |
| 2 | Terawulf | 8.71 Bn | 5.94 Bn | 32.37 Mn | -140.45 Mn |
| 3 | Applied Digital | 8.12 Bn | 6.10 Bn | 97.29 Mn | -124.82 Mn |
| 4 | Cipher Digital | 7.83 Bn | 3.83 Bn | 9.79 Mn | -78.54 Mn |
| 5 | GDS Holdings | 7.07 Bn | 5.01 Bn | 97.89 Mn | 64.73 Mn |
| 6 | Core Scientific | 5.87 Bn | 3.93 Bn | 70.04 Mn | -78.47 Mn |
| 7 | Vnet | 1.95 Bn | 1.06 Bn | 74.45 Mn | 33.79 Mn |
| 8 | Sify Technologies | 1.53 Bn | 1.53 Bn | 51.65 Mn | 11.79 Mn |
| 9 | WhiteFiber | 771.39 Mn | 711.02 Mn | 18.88 Mn | -9.26 Mn |
| 10 | Soluna Holdings | 167.65 Mn | 161.65 Mn | 766,000.00 | -16.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.94 Mn |
| 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 |
API Access
Soluna Holdings Operating Income 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-income&ticker=SLNH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "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-income&ticker=SLNH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();