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
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 | 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 |