Growth Metrics

Soluna Holdings (SLNHP) Operating Expenses (2010 - 2026)

Soluna Holdings posted quarterly Operating Expenses of $20.7 million for Q1 2026, up 105.62% year-on-year from $10.1 million in Q1 2025, and up 49.59% on a QoQ basis from $13.9 million in Q4 2025.

Soluna Holdings (SLNHP) has 12 years of Operating Expenses data on file, last reported at $20.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 105.62% year-over-year to $20.7 million; the trailing twelve-month figure through Mar 2026 stood at $48.8 million (up 190.48% YoY), and the FY2025 full-year result was $46.9 million, up 30.07% from the prior year.
  • Operating Expenses for Q1 2026 stood at $20.7 million, up from $13.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $20.7 million in Q1 2026 and bottomed at -$23000.0 in Q1 2024.
  • The 5-year median for Operating Expenses is $1.2 million (2023), against an average of $4.8 million.
  • The widest annual swing landed in 2022, when Operating Expenses plunged 100.43%; it then surged 142983.33% in 2025.
  • A 5-year view of Operating Expenses shows it stood at -$20000.0 in 2022, then surged by 5990.0% to $1.2 million in 2023, then jumped by 466.13% to $6.7 million in 2024, then jumped by 107.93% to $13.9 million in 2025, then surged by 49.59% to $20.7 million in 2026.
  • The last three Operating Expenses figures came in at $20.7 million (Q1 2026), $13.9 million (Q4 2025), and $8.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 Soluna Holdings - - 1.92 Mn 20.74 Mn

Historic Data

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DateValue
Mar 31, 2026 20.74 Mn
Dec 31, 2025 13.87 Mn
Sep 30, 2025 8.59 Mn
Jun 30, 2025 8.04 Mn
Mar 31, 2025 6.21 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
Mar 31, 2022 7.26 Mn
Dec 31, 2021 4.63 Mn
Sep 30, 2021 2.88 Mn
Jun 30, 2021 3.06 Mn
Mar 31, 2021 1.30 Mn
Dec 31, 2020 -800,000.00
Sep 30, 2020 1.35 Mn
Jun 30, 2020 1.21 Mn
Jun 30, 2014 1.30 Mn
Dec 31, 2013 -2.62 Mn
Sep 30, 2013 1.18 Mn
Jun 30, 2013 1.23 Mn
Mar 31, 2013 1.16 Mn
Dec 31, 2012 -3.05 Mn
Sep 30, 2012 1.64 Mn
Jun 30, 2012 1.32 Mn
Mar 31, 2012 1.47 Mn
Dec 31, 2011 1.38 Mn
Sep 30, 2011 1.68 Mn
Jun 30, 2011 1.69 Mn
Mar 31, 2011 1.72 Mn
Dec 31, 2010 1.87 Mn
Sep 30, 2010 2.00 Mn
Jun 30, 2010 2.02 Mn