Soluna Holdings, Inc. (SLNH) 10-Year Financial Performance & Capital Metrics

SLNH • • Industrial / General

TechnologyTech Hardware & EquipmentSpecialized Industrial SystemsIndustrial Monitoring & Control

AboutSoluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York.Show more

Revenue $38M +80.5%
EBITDA -$32M -364.5%
Net Income -$63M -116.9%
EPS (Diluted) -0.80 +97.1%
Gross Margin 60.28% -17.9%
EBITDA Margin -83.86% -157.4%
Operating Margin -124.99% -30.1%
Net Margin -166.58% -20.2%
ROE -156.92% -167.7%
ROIC -65.94% -192.7%
Debt/Equity 0.80 +115.2%
Interest Coverage -18.81 -155.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓Strong 5Y sales CAGR of 42.1%

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.78%

5Y42.06%

3Y38.39%

TTM-27.81%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-162.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM14.86%

ROCE

10Y Avg-29.13%

5Y Avg-54.07%

3Y Avg-77.96%

Latest-92.04%

Peer Comparison

Industrial Monitoring & Control

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SOTKSono-Tek Corporation	66.45M	4.23	52.35	4.08%	7.72%	8.24%	0.08%
ELSEElectro-Sensors, Inc.	15.24M	4.38	33.69	9.56%	4.13%	2.75%	0.51%
ITRIItron, Inc.	4.53B	100.91	19.48	12.29%	10.69%	15.03%	4.59%	0.91
TRMBTrimble Inc.	18.69B	78.57	12.90	-3.04%	9.93%	6.18%	2.66%	0.26
FCUVFocus Universal Inc.	5.72M	0.70	-1.45	-9.63%	-15.19%	-33.66%		0.04
SLNHSoluna Holdings, Inc.	157.72M	1.60	-2	80.49%	-274.18%	-107.41%		0.80

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.33M	7.06M	7.06M	8.06M	6.57M	595K	14.35M	28.55M	21.07M	38.02M
Revenue Growth %	-0.28%	0.11%	0%	0.14%	-0.18%	-0.91%	23.11%	0.99%	-0.26%	0.8%
Cost of Goods Sold+	2.48M	2.72M	2.23M	2.33M	2.21M	405K	8.07M	3.57M	5.6M	15.1M
COGS % of Revenue	0.39%	0.39%	0.32%	0.29%	0.34%	0.68%	0.56%	0.13%	0.27%	0.4%
Gross Profit+	3.85M	4.33M	4.83M	5.74M	4.37M	190K	6.28M	24.98M	15.46M	22.92M
Gross Margin %	0.61%	0.61%	0.68%	0.71%	0.66%	0.32%	0.44%	0.87%	0.73%	0.6%
Gross Profit Growth %	-0.3%	0.12%	0.11%	0.19%	-0.24%	-0.96%	32.03%	2.98%	-0.38%	0.48%
Operating Expenses+	5.33M	4.7M	4.24M	4.21M	4.11M	1.83M	10.75M	109.77M	35.71M	70.44M
OpEx % of Revenue	0.84%	0.67%	0.6%	0.52%	0.63%	3.08%	0.75%	3.85%	1.69%	1.85%
Selling, General & Admin	3.78M	3.45M	3.09M	2.98M	2.73M	1.83M	9.17M	19.27M	15.69M	47.22M
SG&A % of Revenue	0.6%	0.49%	0.44%	0.37%	0.41%	3.08%	0.64%	0.68%	0.74%	1.24%
Research & Development	1.55M	1.24M	1.15M	1.24M	1.38M	1.49M	0	0	0	0
R&D % of Revenue	0.24%	0.18%	0.16%	0.15%	0.21%	2.51%	-	-	-	-
Other Operating Expenses	0	0	0	0	0	-1.49M	1.58M	90.5M	20.02M	23.22M
Operating Income+	-1.47M	-361K	588K	1.52M	259K	-1.64M	-4.48M	-84.79M	-20.24M	-47.52M
Operating Margin %	-0.23%	-0.05%	0.08%	0.19%	0.04%	-2.76%	-0.31%	-2.97%	-0.96%	-1.25%
Operating Income Growth %	-3.6%	0.75%	2.63%	1.59%	-0.83%	-7.34%	-1.73%	-17.94%	0.76%	-1.35%
EBITDA+	-1.39M	-276K	669K	1.62M	346K	-1.48M	-604K	-56.58M	-6.86M	-31.88M
EBITDA Margin %	-0.22%	-0.04%	0.09%	0.2%	0.05%	-2.48%	-0.04%	-1.98%	-0.33%	-0.84%
EBITDA Growth %	-3.15%	0.8%	3.42%	1.42%	-0.79%	-5.26%	0.59%	-92.67%	0.88%	-3.64%
D&A (Non-Cash Add-back)	80K	85K	81K	96K	87K	167K	3.87M	28.21M	13.38M	15.64M
EBIT	-1.47M	-368K	588K	1.52M	295K	-1.54M	-4.46M	-36.67M	-19.67M	-47.39M
Net Interest Income+	0	0	0	0	0	0	-1.88M	-8.38M	-2.75M	-2.53M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	4K	14K	0	0	0	0	1.88M	8.38M	2.75M	2.53M
Other Income/Expense	-2K	-7K	0	21K	36K	100K	-1.87M	-23.57M	-8.53M	-13.26M
Pretax Income+	-1.47M	-368K	588K	1.54M	295K	-1.54M	-6.34M	-108.36M	-28.77M	-60.79M
Pretax Margin %	-0.23%	-0.05%	0.08%	0.19%	0.04%	-2.59%	-0.44%	-3.8%	-1.37%	-1.6%
Income Tax+	1.36M	-9K	6K	-392K	-28K	-332K	44K	-1.35M	-1.07M	-2.49M
Effective Tax Rate %	1.92%	0.98%	0.99%	1.25%	1.09%	-1.26%	0.83%	0.91%	1.01%	1.04%
Net Income+	-2.83M	-359K	582K	1.94M	323K	1.95M	-5.26M	-98.72M	-29.2M	-63.33M
Net Margin %	-0.45%	-0.05%	0.08%	0.24%	0.05%	3.27%	-0.37%	-3.46%	-1.39%	-1.67%
Net Income Growth %	-4.83%	0.87%	2.62%	2.33%	-0.83%	5.02%	-3.7%	-17.76%	0.7%	-1.17%
Net Income (Continuing)	-2.83M	-359K	582K	1.94M	323K	-1.21M	-6.39M	-107.02M	-27.7M	-58.3M
Discontinued Operations	0	0	0	0	0	3.16M	1.13M	7.92M	0	0
Minority Interest	0	0	0	0	0	0	0	4.41M	26.84M	39.84M
EPS (Diluted)+	-1.01	-0.13	1.56	5.12	0.84	5.08	-13.49	-178.57	-27.79	-0.80
EPS Growth %	-4.88%	0.87%	13%	2.28%	-0.84%	5.05%	-3.66%	-12.24%	0.84%	0.97%
EPS (Basic)	-1.01	-0.13	1.50	5.16	0.85	5.08	-13.49	-178.57	-27.79	-0.80
Diluted Shares Outstanding	2.81M	2.81M	388K	377.99K	384.1K	383.27K	473.61K	599.3K	1.31M	62.81M
Basic Shares Outstanding	2.79M	2.79M	373.31K	375.28K	381.94K	383.27K	473.61K	599.3K	1.31M	62.81M
Dividend Payout Ratio	-	-	-	-	10.96%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.47M	5.02M	6.02M	7.56M	4.24M	4.78M	24.98M	3.76M	14.28M	13.49M
Cash & Short-Term Investments	462K	3.38M	3.83M	5.77M	2.51M	2.63M	10.26M	1.14M	6.37M	7.84M
Cash Only	462K	3.38M	3.83M	5.77M	2.51M	2.63M	10.26M	1.14M	6.37M	7.84M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	931K	881K	1.41M	871K	745K	59K	531K	539K	3.39M	2.71M
Days Sales Outstanding	53.68	45.57	72.68	39.43	41.38	36.19	13.51	6.89	58.81	25.98
Inventory	1.01M	676K	694K	863K	924K	0	0	0	0	0
Days Inventory Outstanding	148.36	90.65	113.39	135.37	152.95	-	-	-	-	-
Other Current Assets	72K	82K	90K	0	0	2.09M	4M	912K	4.52M	2.95M
Total Non-Current Assets+	115K	160K	184K	576K	1.52M	3.87M	92.71M	81.2M	76.99M	74.55M
Property, Plant & Equipment	115K	160K	184K	181K	1.12M	1.15M	45M	42.44M	45M	47.6M
Fixed Asset Turnover	55.04x	44.10x	38.38x	44.54x	5.86x	0.52x	0.32x	0.67x	0.47x	0.80x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	45.84M	36.43M	27.01M	17.62M
Long-Term Investments	0	0	0	0	0	750K	750K	0	0	1.46M
Other Non-Current Assets	0	0	0	0	0	1.27M	1.12M	2.33M	4.98M	7.87M
Total Assets+	2.59M	5.18M	6.2M	8.14M	5.75M	8.65M	117.69M	84.96M	91.28M	88.04M
Asset Turnover	2.45x	1.36x	1.14x	0.99x	1.14x	0.07x	0.12x	0.34x	0.23x	0.43x
Asset Growth %	-0.53%	1%	0.2%	0.31%	-0.29%	0.5%	12.61%	-0.28%	0.07%	-0.04%
Total Current Liabilities+	1.06M	1.03M	1.24M	1.19M	1.14M	1.64M	15.68M	29.52M	28.18M	47.87M
Accounts Payable	152K	124K	325K	201K	210K	192K	2.96M	3.55M	2.1M	2.84M
Days Payables Outstanding	22.42	16.63	53.1	31.53	34.76	173.04	133.79	362.55	136.79	68.64
Short-Term Debt	0	0	0	0	0	134K	8.12M	22.63M	19.34M	14.51M
Deferred Revenue (Current)	0	0	0	0	0	0	316K	453K	1000K	1000K
Other Current Liabilities	379K	656K	581K	617K	520K	961K	1.24M	0	0	1.1M
Current Ratio	2.33x	4.87x	4.86x	6.34x	3.71x	2.92x	1.59x	0.13x	0.51x	0.28x
Quick Ratio	1.38x	4.22x	4.30x	5.62x	2.90x	2.92x	1.59x	0.13x	0.51x	0.28x
Cash Conversion Cycle	179.63	119.59	132.97	143.27	159.57	-	-	-	-	-
Total Non-Current Liabilities+	152K	124K	325K	0	776K	1.09M	11.02M	9.17M	9.74M	12.8M
Long-Term Debt	0	0	0	0	0	0	0	0	0	7.06M
Capital Lease Obligations	0	0	0	0	776K	297K	237K	84K	216K	252K
Deferred Tax Liabilities	0	0	0	0	0	0	10.28M	8.89M	7.78M	5.26M
Other Non-Current Liabilities	0	0	0	0	0	797K	509K	203K	499K	235K
Total Liabilities	1.06M	1.03M	1.24M	1.19M	1.92M	2.73M	26.71M	38.69M	37.92M	60.68M
Total Debt+	0	0	0	0	947K	431K	8.54M	22.88M	19.77M	21.82M
Net Debt	-462K	-3.38M	-3.83M	-5.77M	-1.56M	-2.2M	-1.72M	21.74M	13.41M	13.97M
Debt / Equity	-	-	-	-	0.25x	0.07x	0.09x	0.49x	0.37x	0.80x
Debt / EBITDA	-	-	-	-	2.74x	-	-	-	-	-
Net Debt / EBITDA	-	-	-5.72x	-3.56x	-4.52x	-	-	-	-	-
Interest Coverage	-367.50x	-25.79x	-	-	-	-	-2.38x	-10.12x	-7.37x	-18.81x
Total Equity+	1.53M	4.15M	4.96M	6.95M	3.83M	5.92M	90.99M	46.27M	53.36M	27.36M
Equity Growth %	-0.64%	1.72%	0.2%	0.4%	-0.45%	0.54%	14.38%	-0.49%	0.15%	-0.49%
Book Value per Share	0.54	1.48	12.79	18.38	9.98	15.44	192.12	77.21	40.62	0.44
Total Shareholders' Equity	1.53M	4.15M	4.96M	6.95M	3.83M	5.92M	90.99M	41.87M	26.51M	-12.48M
Common Stock	63K	100K	104K	105K	106K	11K	15K	1K	3K	5K
Retained Earnings	-120.62M	-120.98M	-120.4M	-118.46M	-119.74M	-117.79M	-123.05M	-221.77M	-250.97M	-314.3M
Treasury Stock	-13.75M	-13.76M	-13.76M	-13.76M	-13.76M	-13.76M	-13.76M	-13.8M	-13.8M	-13.8M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	4.41M	26.84M	39.84M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.43M	522K	363K	2M	289K	1.9M	5.55M	-5.75M	-2.99M	-5.07M
Operating CF Margin %	-0.23%	0.07%	0.05%	0.25%	0.04%	3.19%	0.39%	-0.2%	-0.14%	-0.13%
Operating CF Growth %	-3.08%	1.37%	-0.3%	4.5%	-0.86%	5.58%	1.92%	-2.04%	0.48%	-0.7%
Net Income	-2.83M	-359K	582K	1.94M	323K	-1.21M	-6.39M	-99.09M	-27.7M	-58.3M
Depreciation & Amortization	80K	85K	81K	96K	87K	81K	3.87M	28.42M	13.62M	15.77M
Stock-Based Compensation	141K	449K	41K	6K	0	0	1.94M	3.67M	4.31M	5.31M
Deferred Taxes	1.33M	-99K	0	-395K	0	-336K	41K	-1.39M	-1.11M	-2.52M
Other Non-Cash Items	139K	449K	-27K	-208K	68K	3.24M	2.9M	62.51M	5.63M	39.61M
Working Capital Changes	-289K	-3K	-314K	435K	-189K	125K	3.19M	139K	2.27M	-4.94M
Change in Receivables	209K	71K	-527K	535K	125K	-26K	-471K	211K	-2.62M	-505K
Change in Inventory	-316K	-35K	13K	-87K	-94K	99K	0	0	0	0
Change in Payables	-64K	-28K	201K	-124K	9K	163K	2.77M	553K	-862K	741K
Cash from Investing+	-35K	-136K	-107K	-93K	-83K	-1.86M	-57.3M	-45.63M	-10.33M	-13.16M
Capital Expenditures	-55K	-136K	-107K	-93K	-83K	-1.08M	-55.7M	-63.68M	-12.71M	-13.38M
CapEx % of Revenue	0.01%	0.02%	0.02%	0.01%	0.01%	1.82%	3.88%	2.23%	0.6%	0.35%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20K	-136K	-107K	0	0	-30K	-1.6M	18.05M	2.38M	215K
Cash from Financing+	0	2.53M	191K	40K	-3.47M	83K	59.38M	42.94M	21.86M	18.32M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-3.54M	0	-630K	-3.85M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-194K	216K	40K	0	0	-1.2M	1.23M	18.3M	6.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.48M	386K	256K	1.9M	206K	817K	-51.72M	-69.51M	-15.75M	-18.45M
FCF Margin %	-0.23%	0.05%	0.04%	0.24%	0.03%	1.37%	-3.61%	-2.43%	-0.75%	-0.49%
FCF Growth %	-3.43%	1.26%	-0.34%	6.43%	-0.89%	2.97%	-64.3%	-0.34%	0.77%	-0.17%
FCF per Share	-0.53	0.14	0.66	5.03	0.54	2.13	-109.20	-115.98	-11.99	-0.29
FCF Conversion (FCF/Net Income)	0.50x	-1.45x	0.62x	1.03x	0.89x	0.98x	-1.06x	0.06x	0.10x	0.08x
Interest Paid	0	0	0	0	0	0	6K	1.31M	827K	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-98.59%	-12.65%	12.77%	32.51%	5.99%	39.92%	-10.86%	-143.84%	-58.62%	-156.92%
Return on Invested Capital (ROIC)	-65.63%	-29.53%	46.3%	98.85%	11.28%	-41.14%	-7.22%	-80.86%	-22.53%	-65.94%
Gross Margin	60.9%	61.42%	68.36%	71.14%	66.44%	31.93%	43.74%	87.49%	73.41%	60.28%
Net Margin	-44.74%	-5.09%	8.24%	24.01%	4.92%	327.06%	-36.67%	-345.8%	-138.62%	-166.58%
Debt / Equity	-	-	-	-	0.25x	0.07x	0.09x	0.49x	0.37x	0.80x
Interest Coverage	-367.50x	-25.79x	-	-	-	-	-2.38x	-10.12x	-7.37x	-18.81x
FCF Conversion	0.50x	-1.45x	0.62x	1.03x	0.89x	0.98x	-1.06x	0.06x	0.10x	0.08x
Revenue Growth	-27.91%	11.47%	0.07%	14.18%	-18.49%	-90.95%	2310.92%	99%	-26.21%	80.49%

Revenue by Segment

	2012	2020	2021	2022	2023	2024
Data Hosting Revenue	-	-	3.41M	3.52M	10.2M	18.84M
Data Hosting Revenue Growth	-	-	-	3.05%	189.91%	84.76%
Cryptocurrency Mining Revenue	-	-	-	24.41M	10.6M	17.03M
Cryptocurrency Mining Revenue Growth	-	-	-	-	-56.57%	60.60%
Cryptocurrency Revenue	-	-	10.93M	-	-	-
Cryptocurrency Revenue Growth	-	-	-	-	-	-
Test and Measurement Instrumentation	-	9M	-	-	-	-
Test and Measurement Instrumentation Growth	-	-	-	-	-	-
Crytocurrency	-	-	-	-	-	-
Crytocurrency Growth	-	-	-	-	-	-
Other	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-
Test and Measurement Instrumentation	579K	-	-	-	-	-
Test and Measurement Instrumentation Growth	-	-	-	-	-	-

Revenue by Geography

	2012	2020	2021	2022	2023	2024
United States	3.68M	6.67M	-	-	-	-
United States Growth	-	81.05%	-	-	-	-
ASEAN	-	1.51M	-	-	-	-
ASEAN Growth	-	-	-	-	-	-
E M E A	-	713K	-	-	-	-
E M E A Growth	-	-	-	-	-	-
North America	-	111K	-	-	-	-
North America Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group One	1.58M	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group One Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Three	466K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Three Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Five	72K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Five Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Two	57K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Two Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Four	23K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Four Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Six	20K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Six Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Soluna Holdings, Inc. (SLNH) reported $28.8M in revenue for fiscal year 2024. This represents a 180% increase from $10.3M in 2011.

Soluna Holdings, Inc. (SLNH) grew revenue by 80.5% over the past year. This is strong growth.

Soluna Holdings, Inc. (SLNH) reported a net loss of $78.9M for fiscal year 2024.

Dividend & Returns

Soluna Holdings, Inc. (SLNH) has a return on equity (ROE) of -156.9%. Negative ROE indicates the company is unprofitable.

Soluna Holdings, Inc. (SLNH) had negative free cash flow of $32.8M in fiscal year 2024, likely due to heavy capital investments.

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Soluna Holdings, Inc. (SLNH) 10-Year Financial Performance & Capital Metrics

SLNH • • Industrial / General

TechnologyTech Hardware & EquipmentSpecialized Industrial SystemsIndustrial Monitoring & Control

AboutSoluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York.Show more

Revenue $38M +80.5%
EBITDA -$32M -364.5%
Net Income -$63M -116.9%
EPS (Diluted) -0.80 +97.1%
Gross Margin 60.28% -17.9%
EBITDA Margin -83.86% -157.4%
Operating Margin -124.99% -30.1%
Net Margin -166.58% -20.2%
ROE -156.92% -167.7%
ROIC -65.94% -192.7%
Debt/Equity 0.80 +115.2%
Interest Coverage -18.81 -155.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 92 (top 8%)
✓Strong 5Y sales CAGR of 42.1%

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 100.0% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y15.78%

5Y42.06%

3Y38.39%

TTM-27.81%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-162.87%

EPS CAGR

10Y-

5Y-

3Y-

TTM14.86%

ROCE

10Y Avg-29.13%

5Y Avg-54.07%

3Y Avg-77.96%

Latest-92.04%

Peer Comparison

Industrial Monitoring & Control

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SOTKSono-Tek Corporation	66.45M	4.23	52.35	4.08%	7.72%	8.24%	0.08%
ELSEElectro-Sensors, Inc.	15.24M	4.38	33.69	9.56%	4.13%	2.75%	0.51%
ITRIItron, Inc.	4.53B	100.91	19.48	12.29%	10.69%	15.03%	4.59%	0.91
TRMBTrimble Inc.	18.69B	78.57	12.90	-3.04%	9.93%	6.18%	2.66%	0.26
FCUVFocus Universal Inc.	5.72M	0.70	-1.45	-9.63%	-15.19%	-33.66%		0.04
SLNHSoluna Holdings, Inc.	157.72M	1.60	-2	80.49%	-274.18%	-107.41%		0.80

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	6.33M	7.06M	7.06M	8.06M	6.57M	595K	14.35M	28.55M	21.07M	38.02M
Revenue Growth %	-0.28%	0.11%	0%	0.14%	-0.18%	-0.91%	23.11%	0.99%	-0.26%	0.8%
Cost of Goods Sold+	2.48M	2.72M	2.23M	2.33M	2.21M	405K	8.07M	3.57M	5.6M	15.1M
COGS % of Revenue	0.39%	0.39%	0.32%	0.29%	0.34%	0.68%	0.56%	0.13%	0.27%	0.4%
Gross Profit+	3.85M	4.33M	4.83M	5.74M	4.37M	190K	6.28M	24.98M	15.46M	22.92M
Gross Margin %	0.61%	0.61%	0.68%	0.71%	0.66%	0.32%	0.44%	0.87%	0.73%	0.6%
Gross Profit Growth %	-0.3%	0.12%	0.11%	0.19%	-0.24%	-0.96%	32.03%	2.98%	-0.38%	0.48%
Operating Expenses+	5.33M	4.7M	4.24M	4.21M	4.11M	1.83M	10.75M	109.77M	35.71M	70.44M
OpEx % of Revenue	0.84%	0.67%	0.6%	0.52%	0.63%	3.08%	0.75%	3.85%	1.69%	1.85%
Selling, General & Admin	3.78M	3.45M	3.09M	2.98M	2.73M	1.83M	9.17M	19.27M	15.69M	47.22M
SG&A % of Revenue	0.6%	0.49%	0.44%	0.37%	0.41%	3.08%	0.64%	0.68%	0.74%	1.24%
Research & Development	1.55M	1.24M	1.15M	1.24M	1.38M	1.49M	0	0	0	0
R&D % of Revenue	0.24%	0.18%	0.16%	0.15%	0.21%	2.51%	-	-	-	-
Other Operating Expenses	0	0	0	0	0	-1.49M	1.58M	90.5M	20.02M	23.22M
Operating Income+	-1.47M	-361K	588K	1.52M	259K	-1.64M	-4.48M	-84.79M	-20.24M	-47.52M
Operating Margin %	-0.23%	-0.05%	0.08%	0.19%	0.04%	-2.76%	-0.31%	-2.97%	-0.96%	-1.25%
Operating Income Growth %	-3.6%	0.75%	2.63%	1.59%	-0.83%	-7.34%	-1.73%	-17.94%	0.76%	-1.35%
EBITDA+	-1.39M	-276K	669K	1.62M	346K	-1.48M	-604K	-56.58M	-6.86M	-31.88M
EBITDA Margin %	-0.22%	-0.04%	0.09%	0.2%	0.05%	-2.48%	-0.04%	-1.98%	-0.33%	-0.84%
EBITDA Growth %	-3.15%	0.8%	3.42%	1.42%	-0.79%	-5.26%	0.59%	-92.67%	0.88%	-3.64%
D&A (Non-Cash Add-back)	80K	85K	81K	96K	87K	167K	3.87M	28.21M	13.38M	15.64M
EBIT	-1.47M	-368K	588K	1.52M	295K	-1.54M	-4.46M	-36.67M	-19.67M	-47.39M
Net Interest Income+	0	0	0	0	0	0	-1.88M	-8.38M	-2.75M	-2.53M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	4K	14K	0	0	0	0	1.88M	8.38M	2.75M	2.53M
Other Income/Expense	-2K	-7K	0	21K	36K	100K	-1.87M	-23.57M	-8.53M	-13.26M
Pretax Income+	-1.47M	-368K	588K	1.54M	295K	-1.54M	-6.34M	-108.36M	-28.77M	-60.79M
Pretax Margin %	-0.23%	-0.05%	0.08%	0.19%	0.04%	-2.59%	-0.44%	-3.8%	-1.37%	-1.6%
Income Tax+	1.36M	-9K	6K	-392K	-28K	-332K	44K	-1.35M	-1.07M	-2.49M
Effective Tax Rate %	1.92%	0.98%	0.99%	1.25%	1.09%	-1.26%	0.83%	0.91%	1.01%	1.04%
Net Income+	-2.83M	-359K	582K	1.94M	323K	1.95M	-5.26M	-98.72M	-29.2M	-63.33M
Net Margin %	-0.45%	-0.05%	0.08%	0.24%	0.05%	3.27%	-0.37%	-3.46%	-1.39%	-1.67%
Net Income Growth %	-4.83%	0.87%	2.62%	2.33%	-0.83%	5.02%	-3.7%	-17.76%	0.7%	-1.17%
Net Income (Continuing)	-2.83M	-359K	582K	1.94M	323K	-1.21M	-6.39M	-107.02M	-27.7M	-58.3M
Discontinued Operations	0	0	0	0	0	3.16M	1.13M	7.92M	0	0
Minority Interest	0	0	0	0	0	0	0	4.41M	26.84M	39.84M
EPS (Diluted)+	-1.01	-0.13	1.56	5.12	0.84	5.08	-13.49	-178.57	-27.79	-0.80
EPS Growth %	-4.88%	0.87%	13%	2.28%	-0.84%	5.05%	-3.66%	-12.24%	0.84%	0.97%
EPS (Basic)	-1.01	-0.13	1.50	5.16	0.85	5.08	-13.49	-178.57	-27.79	-0.80
Diluted Shares Outstanding	2.81M	2.81M	388K	377.99K	384.1K	383.27K	473.61K	599.3K	1.31M	62.81M
Basic Shares Outstanding	2.79M	2.79M	373.31K	375.28K	381.94K	383.27K	473.61K	599.3K	1.31M	62.81M
Dividend Payout Ratio	-	-	-	-	10.96%	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.47M	5.02M	6.02M	7.56M	4.24M	4.78M	24.98M	3.76M	14.28M	13.49M
Cash & Short-Term Investments	462K	3.38M	3.83M	5.77M	2.51M	2.63M	10.26M	1.14M	6.37M	7.84M
Cash Only	462K	3.38M	3.83M	5.77M	2.51M	2.63M	10.26M	1.14M	6.37M	7.84M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	931K	881K	1.41M	871K	745K	59K	531K	539K	3.39M	2.71M
Days Sales Outstanding	53.68	45.57	72.68	39.43	41.38	36.19	13.51	6.89	58.81	25.98
Inventory	1.01M	676K	694K	863K	924K	0	0	0	0	0
Days Inventory Outstanding	148.36	90.65	113.39	135.37	152.95	-	-	-	-	-
Other Current Assets	72K	82K	90K	0	0	2.09M	4M	912K	4.52M	2.95M
Total Non-Current Assets+	115K	160K	184K	576K	1.52M	3.87M	92.71M	81.2M	76.99M	74.55M
Property, Plant & Equipment	115K	160K	184K	181K	1.12M	1.15M	45M	42.44M	45M	47.6M
Fixed Asset Turnover	55.04x	44.10x	38.38x	44.54x	5.86x	0.52x	0.32x	0.67x	0.47x	0.80x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	45.84M	36.43M	27.01M	17.62M
Long-Term Investments	0	0	0	0	0	750K	750K	0	0	1.46M
Other Non-Current Assets	0	0	0	0	0	1.27M	1.12M	2.33M	4.98M	7.87M
Total Assets+	2.59M	5.18M	6.2M	8.14M	5.75M	8.65M	117.69M	84.96M	91.28M	88.04M
Asset Turnover	2.45x	1.36x	1.14x	0.99x	1.14x	0.07x	0.12x	0.34x	0.23x	0.43x
Asset Growth %	-0.53%	1%	0.2%	0.31%	-0.29%	0.5%	12.61%	-0.28%	0.07%	-0.04%
Total Current Liabilities+	1.06M	1.03M	1.24M	1.19M	1.14M	1.64M	15.68M	29.52M	28.18M	47.87M
Accounts Payable	152K	124K	325K	201K	210K	192K	2.96M	3.55M	2.1M	2.84M
Days Payables Outstanding	22.42	16.63	53.1	31.53	34.76	173.04	133.79	362.55	136.79	68.64
Short-Term Debt	0	0	0	0	0	134K	8.12M	22.63M	19.34M	14.51M
Deferred Revenue (Current)	0	0	0	0	0	0	316K	453K	1000K	1000K
Other Current Liabilities	379K	656K	581K	617K	520K	961K	1.24M	0	0	1.1M
Current Ratio	2.33x	4.87x	4.86x	6.34x	3.71x	2.92x	1.59x	0.13x	0.51x	0.28x
Quick Ratio	1.38x	4.22x	4.30x	5.62x	2.90x	2.92x	1.59x	0.13x	0.51x	0.28x
Cash Conversion Cycle	179.63	119.59	132.97	143.27	159.57	-	-	-	-	-
Total Non-Current Liabilities+	152K	124K	325K	0	776K	1.09M	11.02M	9.17M	9.74M	12.8M
Long-Term Debt	0	0	0	0	0	0	0	0	0	7.06M
Capital Lease Obligations	0	0	0	0	776K	297K	237K	84K	216K	252K
Deferred Tax Liabilities	0	0	0	0	0	0	10.28M	8.89M	7.78M	5.26M
Other Non-Current Liabilities	0	0	0	0	0	797K	509K	203K	499K	235K
Total Liabilities	1.06M	1.03M	1.24M	1.19M	1.92M	2.73M	26.71M	38.69M	37.92M	60.68M
Total Debt+	0	0	0	0	947K	431K	8.54M	22.88M	19.77M	21.82M
Net Debt	-462K	-3.38M	-3.83M	-5.77M	-1.56M	-2.2M	-1.72M	21.74M	13.41M	13.97M
Debt / Equity	-	-	-	-	0.25x	0.07x	0.09x	0.49x	0.37x	0.80x
Debt / EBITDA	-	-	-	-	2.74x	-	-	-	-	-
Net Debt / EBITDA	-	-	-5.72x	-3.56x	-4.52x	-	-	-	-	-
Interest Coverage	-367.50x	-25.79x	-	-	-	-	-2.38x	-10.12x	-7.37x	-18.81x
Total Equity+	1.53M	4.15M	4.96M	6.95M	3.83M	5.92M	90.99M	46.27M	53.36M	27.36M
Equity Growth %	-0.64%	1.72%	0.2%	0.4%	-0.45%	0.54%	14.38%	-0.49%	0.15%	-0.49%
Book Value per Share	0.54	1.48	12.79	18.38	9.98	15.44	192.12	77.21	40.62	0.44
Total Shareholders' Equity	1.53M	4.15M	4.96M	6.95M	3.83M	5.92M	90.99M	41.87M	26.51M	-12.48M
Common Stock	63K	100K	104K	105K	106K	11K	15K	1K	3K	5K
Retained Earnings	-120.62M	-120.98M	-120.4M	-118.46M	-119.74M	-117.79M	-123.05M	-221.77M	-250.97M	-314.3M
Treasury Stock	-13.75M	-13.76M	-13.76M	-13.76M	-13.76M	-13.76M	-13.76M	-13.8M	-13.8M	-13.8M
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	4.41M	26.84M	39.84M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-1.43M	522K	363K	2M	289K	1.9M	5.55M	-5.75M	-2.99M	-5.07M
Operating CF Margin %	-0.23%	0.07%	0.05%	0.25%	0.04%	3.19%	0.39%	-0.2%	-0.14%	-0.13%
Operating CF Growth %	-3.08%	1.37%	-0.3%	4.5%	-0.86%	5.58%	1.92%	-2.04%	0.48%	-0.7%
Net Income	-2.83M	-359K	582K	1.94M	323K	-1.21M	-6.39M	-99.09M	-27.7M	-58.3M
Depreciation & Amortization	80K	85K	81K	96K	87K	81K	3.87M	28.42M	13.62M	15.77M
Stock-Based Compensation	141K	449K	41K	6K	0	0	1.94M	3.67M	4.31M	5.31M
Deferred Taxes	1.33M	-99K	0	-395K	0	-336K	41K	-1.39M	-1.11M	-2.52M
Other Non-Cash Items	139K	449K	-27K	-208K	68K	3.24M	2.9M	62.51M	5.63M	39.61M
Working Capital Changes	-289K	-3K	-314K	435K	-189K	125K	3.19M	139K	2.27M	-4.94M
Change in Receivables	209K	71K	-527K	535K	125K	-26K	-471K	211K	-2.62M	-505K
Change in Inventory	-316K	-35K	13K	-87K	-94K	99K	0	0	0	0
Change in Payables	-64K	-28K	201K	-124K	9K	163K	2.77M	553K	-862K	741K
Cash from Investing+	-35K	-136K	-107K	-93K	-83K	-1.86M	-57.3M	-45.63M	-10.33M	-13.16M
Capital Expenditures	-55K	-136K	-107K	-93K	-83K	-1.08M	-55.7M	-63.68M	-12.71M	-13.38M
CapEx % of Revenue	0.01%	0.02%	0.02%	0.01%	0.01%	1.82%	3.88%	2.23%	0.6%	0.35%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	20K	-136K	-107K	0	0	-30K	-1.6M	18.05M	2.38M	215K
Cash from Financing+	0	2.53M	191K	40K	-3.47M	83K	59.38M	42.94M	21.86M	18.32M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	-3.54M	0	-630K	-3.85M	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-194K	216K	40K	0	0	-1.2M	1.23M	18.3M	6.46M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-1.48M	386K	256K	1.9M	206K	817K	-51.72M	-69.51M	-15.75M	-18.45M
FCF Margin %	-0.23%	0.05%	0.04%	0.24%	0.03%	1.37%	-3.61%	-2.43%	-0.75%	-0.49%
FCF Growth %	-3.43%	1.26%	-0.34%	6.43%	-0.89%	2.97%	-64.3%	-0.34%	0.77%	-0.17%
FCF per Share	-0.53	0.14	0.66	5.03	0.54	2.13	-109.20	-115.98	-11.99	-0.29
FCF Conversion (FCF/Net Income)	0.50x	-1.45x	0.62x	1.03x	0.89x	0.98x	-1.06x	0.06x	0.10x	0.08x
Interest Paid	0	0	0	0	0	0	6K	1.31M	827K	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-98.59%	-12.65%	12.77%	32.51%	5.99%	39.92%	-10.86%	-143.84%	-58.62%	-156.92%
Return on Invested Capital (ROIC)	-65.63%	-29.53%	46.3%	98.85%	11.28%	-41.14%	-7.22%	-80.86%	-22.53%	-65.94%
Gross Margin	60.9%	61.42%	68.36%	71.14%	66.44%	31.93%	43.74%	87.49%	73.41%	60.28%
Net Margin	-44.74%	-5.09%	8.24%	24.01%	4.92%	327.06%	-36.67%	-345.8%	-138.62%	-166.58%
Debt / Equity	-	-	-	-	0.25x	0.07x	0.09x	0.49x	0.37x	0.80x
Interest Coverage	-367.50x	-25.79x	-	-	-	-	-2.38x	-10.12x	-7.37x	-18.81x
FCF Conversion	0.50x	-1.45x	0.62x	1.03x	0.89x	0.98x	-1.06x	0.06x	0.10x	0.08x
Revenue Growth	-27.91%	11.47%	0.07%	14.18%	-18.49%	-90.95%	2310.92%	99%	-26.21%	80.49%

Revenue by Segment

	2012	2020	2021	2022	2023	2024
Data Hosting Revenue	-	-	3.41M	3.52M	10.2M	18.84M
Data Hosting Revenue Growth	-	-	-	3.05%	189.91%	84.76%
Cryptocurrency Mining Revenue	-	-	-	24.41M	10.6M	17.03M
Cryptocurrency Mining Revenue Growth	-	-	-	-	-56.57%	60.60%
Cryptocurrency Revenue	-	-	10.93M	-	-	-
Cryptocurrency Revenue Growth	-	-	-	-	-	-
Test and Measurement Instrumentation	-	9M	-	-	-	-
Test and Measurement Instrumentation Growth	-	-	-	-	-	-
Crytocurrency	-	-	-	-	-	-
Crytocurrency Growth	-	-	-	-	-	-
Other	-	-	-	-	-	-
Other Growth	-	-	-	-	-	-
Test and Measurement Instrumentation	579K	-	-	-	-	-
Test and Measurement Instrumentation Growth	-	-	-	-	-	-

Revenue by Geography

	2012	2020	2021	2022	2023	2024
United States	3.68M	6.67M	-	-	-	-
United States Growth	-	81.05%	-	-	-	-
ASEAN	-	1.51M	-	-	-	-
ASEAN Growth	-	-	-	-	-	-
E M E A	-	713K	-	-	-	-
E M E A Growth	-	-	-	-	-	-
North America	-	111K	-	-	-	-
North America Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group One	1.58M	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group One Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Three	466K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Three Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Five	72K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Five Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Two	57K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Two Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Four	23K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Four Growth	-	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Six	20K	-	-	-	-	-
Segment, Geographical, Groups Of Countries, Group Six Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Soluna Holdings, Inc. (SLNH) reported $28.8M in revenue for fiscal year 2024. This represents a 180% increase from $10.3M in 2011.

Soluna Holdings, Inc. (SLNH) grew revenue by 80.5% over the past year. This is strong growth.

Soluna Holdings, Inc. (SLNH) reported a net loss of $78.9M for fiscal year 2024.

Dividend & Returns

Soluna Holdings, Inc. (SLNH) has a return on equity (ROE) of -156.9%. Negative ROE indicates the company is unprofitable.

Soluna Holdings, Inc. (SLNH) had negative free cash flow of $32.8M in fiscal year 2024, likely due to heavy capital investments.