Soluna Holdings (SLNHP) Gross Margin (2010 - 2026)
Soluna Holdings posted quarterly Gross Margin of 20.39% for Q1 2026, up 62.0% year-on-year from 12.58% in Q1 2025, and up 6.28% on a QoQ basis from 19.18% in Q4 2025.
Soluna Holdings (SLNHP) has 12 years of Gross Margin data on file, last reported at 20.39% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 62.0% year-over-year to 20.39%; the trailing twelve-month figure through Mar 2026 stood at 21.7% (up 1013.0% YoY), and the FY2025 full-year result was 21.73%, up 8416.0% from the prior year.
- Gross Margin for Q1 2026 stood at 20.39%, up from 19.18% in the prior quarter.
- Across five years, Gross Margin topped out at 63.54% in Q1 2022 and bottomed at 75.58% in Q3 2022.
- The 5-year median for Gross Margin is 19.29% (2025), against an average of 8.69%.
- The widest annual swing landed in 2022, when Gross Margin plunged 15564 bps; it then soared 9985 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 51.8% in 2022, then soared by 182 bps to 42.35% in 2023, then slumped by 108 bps to 3.47% in 2024, then jumped by 653 bps to 19.18% in 2025, then climbed by 6 bps to 20.39% in 2026.
- The last three Gross Margin figures came in at 20.39% (Q1 2026), 19.18% (Q4 2025), and 27.68% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.71 Bn | 197.18 Bn | - | - |
| 2 | Goldman Sachs | 318.59 Bn | -618.96 Bn | - | - |
| 3 | Schwab Charles | 154.74 Bn | 109.76 Bn | - | - |
| 4 | Robinhood Markets | 81.79 Bn | 77.15 Bn | 960.00 Mn | 89.97% |
| 5 | Interactive Brokers | 39.54 Bn | 50.13 Bn | - | - |
| 6 | Circle Internet | 25.60 Bn | 24.08 Bn | 35.01 Mn | 84.10% |
| 7 | LPL Financial Holdings | 22.12 Bn | 21.10 Bn | - | - |
| 8 | Iren | 21.58 Bn | 19.37 Bn | 144.76 Mn | 99.97% |
| 9 | Tradeweb Markets | 21.29 Bn | 20.04 Bn | - | - |
| 10 | Soluna Holdings | - | - | 1.92 Mn | 20.39% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.39% |
| Dec 31, 2025 | 19.18% |
| Sep 30, 2025 | 27.68% |
| Jun 30, 2025 | 19.29% |
| Mar 31, 2025 | 19.76% |
| Dec 31, 2024 | -3.47% |
| Sep 30, 2024 | -18.13% |
| Jun 30, 2024 | 42.48% |
| Mar 31, 2024 | 55.26% |
| Dec 31, 2023 | 42.35% |
| Sep 30, 2023 | 24.27% |
| Jun 30, 2023 | -18.86% |
| Mar 31, 2023 | -2.14% |
| Dec 31, 2022 | -51.80% |
| Sep 30, 2022 | -75.58% |
| Jun 30, 2022 | -16.52% |
| Mar 31, 2022 | 63.54% |
| Dec 31, 2021 | 73.95% |
| Sep 30, 2021 | 80.06% |
| Jun 30, 2021 | 76.10% |
| Mar 31, 2021 | 67.04% |
| Dec 31, 2020 | 102.21% |
| Sep 30, 2020 | 93.27% |
| Jun 30, 2020 | 100.00% |
| Jun 30, 2014 | 59.77% |
| Dec 31, 2013 | 60.89% |
| Sep 30, 2013 | 62.14% |
| Jun 30, 2013 | 64.67% |
| Mar 31, 2013 | 99.96% |
| Dec 31, 2012 | 46.94% |
| Sep 30, 2012 | 42.75% |
| Jun 30, 2012 | 45.83% |
| Mar 31, 2012 | 51.99% |
| Dec 31, 2011 | 65.47% |
| Sep 30, 2011 | 62.98% |
| Jun 30, 2011 | 60.28% |
| Mar 31, 2011 | 63.02% |
| Dec 31, 2010 | 63.92% |
| Sep 30, 2010 | 66.57% |
| Jun 30, 2010 | 55.38% |