Soluna Holdings, Inc. (SLNH)
Nasdaq · Finance Services · Finance, insurance and real estate · CIK 64463 · fiscal year ends in Dec
Closing price $0.67 on 30 Oct 2026; 52-week range $0.52 to $3.49.
Key figures
The last twelve months reported, with the latest price and balance sheet.
- Revenue, last twelve months
- $42.1M
- Revenue growth
- 50.9%
- Net income, last twelve months
- -$76.6M
- Gross margin
- 0.7%
- Operating margin
- -127.0%
- Net margin
- -182.2%
- Return on equity
- -49.2%
- Market value
- $151.7M
- Cash
- $113.4M
- Debt
- $3.0M
- Debt to equity
- 0.02
- Shares outstanding
- 225.8M
Financial statements
Revenue, profit and cash flow by fiscal year, each year linked to its annual report.
| Fiscal year | Year end | Revenue | Operating income | Net income | EPS | Free cash flow | Filing |
|---|---|---|---|---|---|---|---|
| FY2025 | 31 Dec 2025 | $29.7M | -$33.7M | -$53.4M | -$2.38 | -$37.2M | 10-K filed 30 Mar 2026 |
| FY2024 | 31 Dec 2024 | $38.0M | -$47.5M | -$63.3M | -$12.15 | -$13.9M | 10-K filed 31 Mar 2025 |
| FY2023 | 31 Dec 2023 | $21.1M | -$20.2M | -$29.2M | -$27.79 | -$15.7M | 10-K filed 1 Apr 2024 |
| FY2022 | 31 Dec 2022 | $28.5M | -$84.8M | -$98.7M | -$174.41 | -$69.8M | 10-K filed 31 Mar 2023 |
| FY2021 | 31 Dec 2021 | $14.3M | -$4.5M | -$5.3M | -$0.50 | -$41.2M | 10-K filed 31 Mar 2022 |
By quarter
| Quarter | Quarter end | Revenue | Net income | EPS |
|---|---|---|---|---|
| Q2 FY2026 | 30 Jun 2026 | $15.1M | -$20.7M | -$0.18 |
| Q1 FY2026 | 31 Mar 2026 | $9.4M | -$17.5M | -$0.24 |
| Q4 FY2025 | 31 Dec 2025 | $9.2M | -$14.5M | – |
| Q3 FY2025 | 30 Sep 2025 | $8.4M | -$24.0M | -$1.14 |
| Q2 FY2025 | 30 Jun 2025 | $6.2M | -$7.4M | -$0.69 |
| Q1 FY2025 | 31 Mar 2025 | $5.9M | -$7.6M | -$0.88 |
| Q4 FY2024 | 31 Dec 2024 | $8.3M | -$38.5M | -$5.27 |
| Q3 FY2024 | 30 Sep 2024 | $7.5M | -$7.2M | -$1.29 |
Company events
The newest 8-K filings of 327 held.
| Filed | Form | Event | Items |
|---|---|---|---|
| 26 Oct 2026 | 8-K | Investor update | 7.01, 9.01 |
| 21 Oct 2026 | 8-K | Material agreement, Share sale | 1.01, 3.02, 9.01 |
| 21 Oct 2026 | 8-K | Investor update | 7.01, 9.01 |
| 20 Oct 2026 | 8-K | Investor update | 7.01, 9.01 |
| 19 Oct 2026 | 8-K | Shareholder vote, Bylaws or fiscal year change | 5.03, 5.07, 9.01 |
| 28 Sep 2026 | 8-K | Investor update | 7.01, 9.01 |
| 14 Sep 2026 | 8-K | Investor update | 7.01, 9.01 |
| 9 Sep 2026 | 8-K | Investor update | 7.01, 9.01 |
| 8 Sep 2026 | 8-K | Investor update | 7.01, 9.01 |
| 25 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 24 Aug 2026 | 8-K | Investor update | 7.01, 9.01 |
| 13 Aug 2026 | 8-K | Results, Investor update | 2.02, 7.01, 9.01 |
Every filing
The newest filings with the SEC of 778 held.
| Filed | Form | Period |
|---|---|---|
| 26 Oct 2026 | 8-K | 26 Oct 2026 |
| 21 Oct 2026 | 8-K | 20 Oct 2026 |
| 21 Oct 2026 | 8-K | 21 Oct 2026 |
| 20 Oct 2026 | 8-K | 20 Oct 2026 |
| 19 Oct 2026 | 8-K | 16 Oct 2026 |
| 28 Sep 2026 | 8-K | 28 Sep 2026 |
| 14 Sep 2026 | 8-K | 14 Sep 2026 |
| 9 Sep 2026 | 8-K | 9 Sep 2026 |
| 8 Sep 2026 | 8-K | 8 Sep 2026 |
| 25 Aug 2026 | 8-K | 25 Aug 2026 |
| 24 Aug 2026 | ARS | 31 Dec 2025 |
| 24 Aug 2026 | DEF 14A | 31 Dec 2025 |
Insider trades
Form 4 trades by officers, directors and 10% owners, last 12 months.
| Traded | Insider | Type | Shares | Price | Value | Held after | Form 4 |
|---|---|---|---|---|---|---|---|
| 23 Sep 2026 | Thomas Jessica L., Chief Accounting Officer | Sale outside a trading plan | 30,000 | $1.26 | $37.8K | 1,481,417 | 24 Sep 2026 |
| 3 Sep 2026 | Phelan William P, Director | Sale outside a trading plan | 12,037 | $1.12 | $13.5K | 2,279,985 | 4 Sep 2026 |
| 1 Sep 2026 | Belizaire John, Chief Executive Officer | Sale under a trading plan | 1,000 | $11.91 | $11.9K | 98,042 | 1 Sep 2026 |
| 31 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 3,188 | $12.08 | $38.5K | 63,045 | 1 Sep 2026 |
| 28 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 5,039 | $12.25 | $61.7K | 66,233 | 1 Sep 2026 |
| 28 Aug 2026 | Picchi Michael, Chief Financial Officer | Purchase | 20,000 | $1.13 | $22.6K | 1,431,250 | 31 Aug 2026 |
| 27 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 8,099 | $12.08 | $97.8K | 71,272 | 27 Aug 2026 |
| 26 Aug 2026 | Belizaire John, Chief Executive Officer | Purchase | 50,000 | $1.20 | $60.0K | 7,063,105 | 27 Aug 2026 |
| 26 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 1,862 | $12.09 | $22.5K | 79,371 | 27 Aug 2026 |
| 25 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 5,000 | $12.00 | $60.0K | 81,233 | 27 Aug 2026 |
| 24 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 5,000 | $11.66 | $58.3K | 86,233 | 25 Aug 2026 |
| 21 Aug 2026 | Phelan William P, Director | Sale outside a trading plan | 8,843 | $12.29 | $108.7K | 91,233 | 25 Aug 2026 |
Planned insider sales
Form 144 notices, filed when the sell order goes to the broker.
| Filed | Seller | Shares | Value | Planned sale |
|---|---|---|---|---|
| 3 Sep 2026 | Phelan William P, Director | 12,037 | $12.7K | 3 Sep 2026 |
| 1 Sep 2026 | Belizaire John, Officer | 1,000 | $11.9K | 1 Sep 2026 |
| 19 Aug 2026 | Phelan William P, Director | 43,188 | $539.4K | 19 Aug 2026 |
| 17 Jun 2026 | Phelan William P, Director | 18,000 | $192.6K | 17 Jun 2026 |
| 1 Jun 2026 | Belizaire John, Officer | 1,000 | $10.4K | 1 Jun 2026 |
| 6 Apr 2026 | Belizaire John, Officer | 1,000 | $7.3K | 6 Apr 2026 |
| 16 Dec 2025 | Phelan William P, Director | 1,301 | $2.0K | 16 Dec 2025 |
| 11 Dec 2025 | MICHAELS DAVID C, Officer, Director | 5,669 | $56.0K | 11 Dec 2025 |
| 21 Nov 2025 | Belizaire John, Officer | 9,222 | $13.7K | 21 Nov 2025 |
| 19 Nov 2025 | Phelan William P, Director | 11,338 | $95.8K | 19 Nov 2025 |
Large holders
Schedule 13D and 13G filings by holders of more than 5% of the voting shares.
| Filed | Holder | Schedule | Stake | Shares |
|---|---|---|---|---|
| 27 Oct 2026 | BlackRock, Inc. | 13G amended | 4.1% | 10.1M |
| 5 Aug 2026 | BUGBEE ROBERT L | 13G | 9.8% | 15.4M |
| 30 Jul 2026 | BlackRock, Inc. | 13G | 5.3% | 8.3M |
| 26 May 2026 | BUGBEE ROBERT L | 13G | 8.5% | 13.3M |
| 11 Feb 2026 | BUGBEE ROBERT L | 13G | 9.3% | 9.2M |
| 12 Nov 2025 | Alpha Capital Anstalt | 13G amended | 1.531% | 1.0M |
| 7 Nov 2025 | Mitchell P. Kopin | 13G amended | 0% | 0 |
Short interest
Shares sold short and not yet bought back, on each FINRA settlement date.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 15 Oct 2026 | 25.3M | +0.78% | 2.87 |
| 30 Sep 2026 | 25.1M | +2.98% | 3.75 |
| 15 Sep 2026 | 24.4M | -3.56% | 3.44 |
| 31 Aug 2026 | 25.2M | -13.91% | 2.52 |
| 14 Aug 2026 | 29.3M | +14.32% | 3.18 |
| 31 Jul 2026 | 25.7M | -25.44% | 2.04 |
| 15 Jul 2026 | 34.4M | +6.99% | 2.21 |
| 30 Jun 2026 | 32.2M | +17.13% | 1.54 |
Funds that hold it
From each fund's latest Form 13F.
110 funds held it at 30 Jun 2026: 84 added and 6 trimmed in the quarter. The largest:
| Fund | Shares | Value | Change in the quarter |
|---|---|---|---|
| Geode Capital Management, LLC | 3,889,529 | $14.0M | +1,204,091 |
| BlackRock, Inc. | 8,330,254 | $11.2M | +7,545,266 |
| Nuveen, LLC | 5,577,158 | $7.5M | +5,577,158 |
| Vident Advisory, LLC | 5,227,200 | $7.1M | +5,160,797 |
| Vanguard Capital Management LLC | 4,661,391 | $6.3M | +4,034,537 |
| J. Goldman & Co LP | 2,384,409 | $3.2M | +2,384,409 |
| State Street Corp. | 1,824,507 | $2.5M | +1,531,831 |
| Marshall Wace, LLP | 1,695,300 | $2.3M | +1,108,267 |
| Mirae Asset Global ETFS Holdings Ltd. | 1,029,709 | $1.4M | +233,057 |
| UBS Group AG | 999,446 | $1.3M | +109,143 |
Peers
Companies in the same industry.
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