Soluna Holdings (SLNH) Operating Margin (2010 - 2026)
Soluna Holdings (SLNH) reported Operating Margin of 176.99% for Q1 2026, down 5608.0% on a YoY basis from 3.21% in Q1 2025, and down 34.66% quarter-over-quarter from 131.43% in Q4 2025.
Soluna Holdings (SLNH) Operating Margin (2010 - 2026) Analysis & Trends
Soluna Holdings has reported Operating Margin for 12 years, with the latest figure at 176.99% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 5608.0% year-over-year to 176.99%; the trailing twelve-month figure through Mar 2026 stood at 130.01% (up 4544.0% YoY), and the FY2025 full-year result was 113.34%, up 1165.0% from the prior year.
- Operating Margin for Q1 2026 stood at 176.99%, down from 131.43% in the prior quarter.
- The five-year high for Operating Margin was 3.24% in Q1 2024, with the low at 654.68% in Q3 2022.
- Historically, Operating Margin has averaged 196.82% across 5 years, with a median of 119.81% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin tumbled 62472 bps — and 2023, when it surged 61780 bps.
- Soluna Holdings' Operating Margin stood at 641.74% in 2022, then soared by 96 bps to 23.94% in 2023, then sank by 1680 bps to 426.02% in 2024, then jumped by 69 bps to 131.43% in 2025, then plunged by 35 bps to 176.99% in 2026.
- The last three Operating Margin figures came in at 176.99% (Q1 2026), 131.43% (Q4 2025), and 92.45% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 46.50% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 108.11% |
| 10 | Soluna Holdings | 116.06 Mn | 114.69 Mn | 1.92 Mn | -176.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -176.99% |
| Dec 31, 2025 | -131.43% |
| Sep 30, 2025 | -92.45% |
| Jun 30, 2025 | -107.57% |
| Mar 31, 2025 | -120.91% |
| Dec 31, 2024 | -426.02% |
| Sep 30, 2024 | -119.81% |
| Jun 30, 2024 | -37.98% |
| Mar 31, 2024 | 3.24% |
| Dec 31, 2023 | -23.94% |
| Sep 30, 2023 | -64.45% |
| Jun 30, 2023 | -342.07% |
| Mar 31, 2023 | -227.51% |
| Dec 31, 2022 | -641.74% |
| Sep 30, 2022 | -654.68% |
| Jun 30, 2022 | -108.71% |
| Mar 31, 2022 | -72.97% |
| Dec 31, 2021 | -17.70% |
| Sep 30, 2021 | -29.96% |
| Jun 30, 2021 | -83.95% |