Soluna Holdings (SLNHP) Operating Expenses (2010 - 2026)
Soluna Holdings (SLNHP) posted Operating Expenses of $20.7 million for Q1 2026, up 49.59% quarter-over-quarter from $13.9 million in Q4 2025, and up 105.62% year-on-year from $10.1 million in Q1 2025.
Soluna Holdings (SLNHP) Operating Expenses (2010 - 2026) Analysis & Trends
Soluna Holdings (SLNHP) has reported Operating Expenses for 12 consecutive years, with $20.7 million the latest figure, recorded in Q1 2026.
- Operating Expenses for Q1 2026 came in at $20.7 million, up 105.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $48.8 million (up 190.48% YoY), and the FY2025 annual result was $46.9 million, up 30.07% from the prior year.
- Operating Expenses was $20.7 million for Q1 2026 at Soluna Holdings, up from $13.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $20.7 million in Q1 2026 and troughed at -$23000.0 in Q1 2024.
- Average Operating Expenses over 5 years is $4.8 million, with a median of $1.2 million recorded in 2023.
- Year-over-year, Operating Expenses plunged 100.43% in 2022 and jumped 142983.33% in 2025.
- Over 5 years, Operating Expenses stood at -$20000.0 in 2022, then jumped by 5990.0% to $1.2 million in 2023, then soared by 466.13% to $6.7 million in 2024, then soared by 107.93% to $13.9 million in 2025, then jumped by 49.59% to $20.7 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $20.7 million in Q1 2026, $13.9 million in Q4 2025, and $8.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 13.47 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 10.43 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 3.29 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | -200.78 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 656.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 4.45 Bn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 330.51 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 242.35 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 81.75 Mn |
| 10 | Soluna Holdings | - | - | 1.92 Mn | 20.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.74 Mn |
| Dec 31, 2025 | 13.87 Mn |
| Sep 30, 2025 | 8.59 Mn |
| Jun 30, 2025 | 5.64 Mn |
| Mar 31, 2025 | 10.09 Mn |
| Dec 31, 2024 | 6.67 Mn |
| Sep 30, 2024 | 6,000.00 |
| Jun 30, 2024 | 49,000.00 |
| Mar 31, 2024 | -23,000.00 |
| Dec 31, 2023 | 1.18 Mn |
| Sep 30, 2023 | 74,000.00 |
| Jun 30, 2023 | 238,000.00 |
| Mar 31, 2023 | -12,000.00 |
| Dec 31, 2022 | -20,000.00 |
| Sep 30, 2022 | -2,000.00 |
| Jun 30, 2022 | 10.37 Mn |
| Dec 31, 2021 | 4.63 Mn |
| Sep 30, 2021 | 2.88 Mn |
| Jun 30, 2021 | 3.06 Mn |
| Dec 31, 2020 | -800,000.00 |