Soluna Holdings (SLNHP) Cost of Revenue (2010 - 2026)

Soluna Holdings (SLNHP) reported Cost of Revenue of $7.5 million for Q1 2026, up 57.02% on a YoY basis from $4.8 million in Q1 2025, and up 0.51% quarter-over-quarter from $7.4 million in Q4 2025.

Soluna Holdings (SLNHP) Cost of Revenue (2010 - 2026) Analysis & Trends

Soluna Holdings has reported Cost of Revenue for 12 years, with the latest figure at $7.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 57.02% year-over-year to $7.5 million; the trailing twelve-month figure through Mar 2026 stood at $26.0 million (down 6.48% YoY), and the FY2025 full-year result was $23.3 million, down 18.75% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $7.5 million, up from $7.4 million in the prior quarter.
  • The five-year high for Cost of Revenue was $11.2 million in Q3 2022, with the low at $2.5 million in Q2 2023.
  • Historically, Cost of Revenue has averaged $6.2 million across 5 years, with a median of $5.8 million in 2023.
  • Annual changes were most pronounced in 2022 — Cost of Revenue surged 2452.78% — and 2023, when it slumped 75.69%.
  • Soluna Holdings' Cost of Revenue stood at $6.4 million in 2022, then decreased by 8.14% to $5.8 million in 2023, then surged by 46.73% to $8.6 million in 2024, then slipped by 13.06% to $7.4 million in 2025, then climbed by 0.51% to $7.5 million in 2026.
  • The last three Cost of Revenue figures came in at $7.5 million (Q1 2026), $7.4 million (Q4 2025), and $6.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SOL Strategies 94,425.84 Bn 94,425.84 Bn - -
2 Morgan Stanley 349.82 Bn 216.29 Bn - -
3 Goldman Sachs 333.85 Bn -603.70 Bn - -
4 Schwab Charles 160.31 Bn 115.33 Bn - -
5 Robinhood Markets 97.28 Bn 92.64 Bn 960.00 Mn 107.00 Mn
6 Interactive Brokers 42.79 Bn 53.38 Bn - -
7 LPL Financial Holdings 23.54 Bn 22.51 Bn - -
8 Tradeweb Markets 21.20 Bn 19.96 Bn - -
9 Iren 19.97 Bn 17.75 Bn 144.76 Mn 39,000.00
10 Soluna Holdings - - 1.92 Mn 7.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 7.48 Mn
Mar 31, 2026 7.48 Mn
Dec 31, 2025 7.44 Mn
Dec 31, 2025 7.44 Mn
Sep 30, 2025 6.09 Mn
Sep 30, 2025 6.09 Mn
Jun 30, 2025 4.97 Mn
Jun 30, 2025 4.97 Mn
Mar 31, 2025 4.76 Mn
Mar 31, 2025 4.76 Mn
Dec 31, 2024 8.56 Mn
Dec 31, 2024 8.56 Mn
Sep 30, 2024 8.89 Mn
Sep 30, 2024 8.89 Mn
Jun 30, 2024 5.57 Mn
Jun 30, 2024 5.57 Mn
Mar 31, 2024 5.62 Mn
Mar 31, 2024 5.62 Mn
Dec 31, 2023 5.83 Mn
Dec 31, 2023 5.83 Mn