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
DateValue
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