Soluna Holdings, Inc. (SLNH) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 90.72M | 92.13M | 66.41M | 16.98M | 15.76M | 13.49M | 18.52M | 27.48M | 17M | 14.28M | 14.34M | 22.67M | 7.82M | 3.76M | 5.91M | 17.55M | 22.4M | 24.98M | 24.62M | 20.56M |
| Cash & Short-Term Investments | 68.57M | 76.42M | 55M | 9.88M | 9.16M | 7.84M | 8.77M | 9.56M | 8.44M | 9.37M | 5.63M | 7.46M | 4.55M | 1.14M | 1.08M | 4.63M | 2.83M | 10.26M | 15.82M | 12.1M |
| Cash Only | 68.57M | 76.42M | 55M | 9.88M | 9.16M | 7.84M | 8.77M | 9.56M | 8.44M | 9.37M | 5.63M | 7.46M | 4.55M | 1.14M | 1.08M | 4.63M | 2.83M | 10.26M | 15.82M | 12.1M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 5.46M | 5.52M | 4.41M | 2.65M | 2.36M | 2.71M | 2.08M | 3.48M | 4.73M | 3.39M | 2.47M | 832K | 452K | 73K | 2.03M | 688K | 324K | 531K | 1.03M | 691K |
| Days Sales Outstanding | 52.59 | 49.61 | 38.58 | 37.04 | 38.44 | 26.6 | 33.99 | 38.64 | 29.47 | 26.66 | 26.2 | 28.25 | 7.67 | 23.12 | 19.61 | 5.31 | 4.13 | 19.71 | 25.3 | 19.47 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.16M | 1.19M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 61.89 | 91.7 |
| Other Current Assets | 16.69M | 10.18M | 7M | 4.45M | 4.23M | 2.95M | 7.67M | 14.44M | 3.82M | 1.52M | 5.27M | 12.96M | 1.84M | 1.45M | 1.62M | 1.57M | 4.39M | 14.19M | 0 | 89K |
| Total Non-Current Assets | 99.7M | 95.82M | 85.63M | 74.97M | 74.29M | 74.55M | 78.83M | 71.19M | 73.64M | 76.99M | 79.75M | 73.98M | 76.42M | 81.2M | 103.83M | 130.36M | 113.94M | 92.71M | 21.99M | 5M |
| Property, Plant & Equipment | 81.56M | 77.28M | 67.67M | 56.8M | 54.81M | 47.6M | 43.65M | 41.8M | 45.02M | 45M | 46.42M | 38.29M | 39.38M | 42.44M | 63.79M | 87.37M | 68.61M | 45M | 19.42M | 3.18M |
| Fixed Asset Turnover | 0.12x | 0.13x | 0.14x | 0.11x | 0.12x | 0.18x | 0.18x | 0.22x | 0.28x | 0.22x | 0.14x | 0.05x | 0.08x | 0.08x | 0.08x | 0.11x | 0.16x | 0.11x | 0.28x | 1.23x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 5.93M | 8.26M | 10.59M | 12.96M | 15.29M | 17.62M | 19.99M | 22.33M | 24.67M | 27.01M | 29.37M | 31.73M | 34.09M | 36.43M | 38.84M | 41.18M | 43.51M | 45.84M | 0 | 0 |
| Long-Term Investments | 7.92M | 7.92M | 5.46M | 3.06M | 3.06M | 1.46M | 1.46M | 0 | 0 | 1M | 1M | 0 | 0 | 0 | 0 | 750K | 750K | 750K | 750K | 750K |
| Other Non-Current Assets | 4.3M | 2.35M | 1.9M | 2.15M | 1.12M | 7.87M | 13.74M | 7.07M | 3.95M | 3.98M | 3.96M | 3.96M | 2.95M | 2.33M | 1.19M | 1.06M | 1.06M | 767K | 1.06M | 1.07M |
| Total Assets | 190.42M | 187.94M | 152.03M | 91.95M | 90.05M | 88.04M | 97.35M | 98.67M | 90.64M | 91.28M | 94.09M | 96.65M | 84.24M | 84.96M | 109.73M | 147.92M | 136.34M | 117.69M | 46.61M | 25.56M |
| Asset Turnover | 0.05x | 0.05x | 0.07x | 0.07x | 0.07x | 0.09x | 0.08x | 0.10x | 0.14x | 0.11x | 0.06x | 0.02x | 0.04x | 0.04x | 0.05x | 0.06x | 0.07x | 0.04x | 0.09x | 0.19x |
| Asset Growth % | 111.46% | 113.48% | 56.18% | -6.81% | -0.65% | -3.55% | 3.47% | 2.1% | 7.59% | 7.43% | -14.26% | -34.66% | -38.21% | -27.81% | 135.44% | 478.74% | 1353.33% | 1261.1% | 452.36% | 252.2% |
| Total Current Liabilities | 51.91M | 49.19M | 56.19M | 47.85M | 47.56M | 47.87M | 31.34M | 32.53M | 32.5M | 28.18M | 27.52M | 16.53M | 25.04M | 29.52M | 27.34M | 27.24M | 32.52M | 15.68M | 6.61M | 3.71M |
| Accounts Payable | 4.22M | 4.86M | 4.86M | 3.94M | 3.32M | 2.84M | 3.39M | 2.45M | 2.53M | 2.1M | 3M | 3.15M | 3.82M | 3.55M | 3.84M | 4.84M | 4.36M | 2.96M | 3.99M | 2.01M |
| Days Payables Outstanding | 41.34 | 60.08 | 66.53 | 66.49 | 58.21 | 33.47 | 23.79 | 28.44 | 37.49 | 97.02 | 64.49 | 129.06 | 105.35 | 894.7 | 35.7 | 41.42 | 289.49 | 83.27 | 158.32 | 153.1 |
| Short-Term Debt | 10.13M | 8.94M | 10.1M | 13.26M | 13.85M | 14.51M | 17.93M | 21.02M | 16.47M | 19.56M | 20.06M | 8.09M | 18.37M | 22.63M | 20.39M | 18.98M | 24.38M | 8.3M | 0 | 0 |
| Deferred Revenue (Current) | 537K | 1.91M | 19.35M | 21.31M | 21.12M | 21.43M | 2.29M | 2.39M | 1.28M | 0 | 0 | 0 | 0 | 0 | 434K | 307K | 307K | 316K | 237K | 0 |
| Other Current Liabilities | 21.83M | 19.87M | 20.16M | 0 | 0 | 1.1M | -26K | 1.66M | 6.05M | 6.07M | -215K | 985K | -205K | 1.06M | 0 | 0 | 1.1M | 1.42M | 0 | 28K |
| Current Ratio | 1.75x | 1.87x | 1.18x | 0.35x | 0.33x | 0.28x | 0.59x | 0.84x | 0.52x | 0.51x | 0.52x | 1.37x | 0.31x | 0.13x | 0.22x | 0.64x | 0.69x | 1.59x | 3.73x | 5.54x |
| Quick Ratio | 1.75x | 1.87x | 1.18x | 0.35x | 0.33x | 0.28x | 0.59x | 0.84x | 0.52x | 0.51x | 0.52x | 1.37x | 0.31x | 0.13x | 0.22x | 0.64x | 0.69x | 1.59x | 3.55x | 5.22x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -71.14 | -41.93 |
| Total Non-Current Liabilities | 24.15M | 26.51M | 22.38M | 14.78M | 15.5M | 12.8M | 14.42M | 16.22M | 9.29M | 9.74M | 11.18M | 21.5M | 9.03M | 9.17M | 13.08M | 14.11M | 16.23M | 11.02M | 1.27M | 989K |
| Long-Term Debt | 15.91M | 17.9M | 13.25M | 10.02M | 10.19M | 7.06M | 8.1M | 9.03M | 0 | 0 | 1.05M | 11.88M | 0 | 0 | 3.84M | 3.98M | 5.8M | 0 | 0 | 0 |
| Capital Lease Obligations | 1.96M | 2.42M | 3.58M | 220K | 236K | 252K | 155K | 169K | 189K | 216K | 273K | 325K | 379K | 84K | 109K | 142K | 192K | 237K | 762K | 725K |
| Deferred Tax Liabilities | 2.28M | 2.91M | 3.54M | 4.21M | 4.82M | 5.26M | 5.97M | 6.52M | 7.23M | 7.78M | 8.36M | 0 | 8.34M | 0 | 8.93M | 9.48M | 9.73M | 10.28M | 0 | 0 |
| Other Non-Current Liabilities | 946K | 743K | 2M | 333K | 249K | 235K | 191K | 499K | 499K | 1.75M | 1.5M | 9.29M | 307K | 9.09M | 201K | 509K | 509K | 509K | 509K | 264K |
| Total Liabilities | 76.06M | 75.7M | 78.57M | 62.63M | 63.06M | 60.68M | 45.75M | 48.74M | 41.79M | 37.92M | 38.7M | 38.03M | 34.06M | 38.69M | 40.41M | 41.35M | 48.76M | 26.71M | 7.88M | 4.7M |
| Total Debt | 27.99M | 29.27M | 26.93M | 23.56M | 24.34M | 21.82M | 26.18M | 30.37M | 16.85M | 19.77M | 21.6M | 20.5M | 18.95M | 22.88M | 24.53M | 23.3M | 30.57M | 8.73M | 1.14M | 1.05M |
| Net Debt | -40.58M | -47.16M | -28.07M | 13.68M | 15.18M | 13.97M | 17.41M | 20.82M | 8.42M | 10.41M | 15.98M | 13.04M | 14.4M | 21.74M | 23.45M | 18.67M | 27.74M | -1.53M | -14.68M | -11.04M |
| Debt / Equity | 0.25x | 0.26x | 0.37x | 0.80x | 0.90x | 0.80x | 0.51x | 0.61x | 0.35x | 0.37x | 0.39x | 0.35x | 0.38x | 0.49x | 0.35x | 0.22x | 0.35x | 0.10x | 0.03x | 0.05x |
| Debt / EBITDA | - | - | - | - | - | - | - | 103.31x | 3.84x | 13.57x | - | - | - | - | - | - | - | 6.85x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | 70.80x | 1.92x | 7.14x | - | - | - | - | - | - | - | -1.20x | - | - |
| Interest Coverage | -8.13x | -9.50x | -20.83x | -6.01x | -8.28x | -46.13x | -9.52x | -20.81x | -6.29x | -5.76x | -10.00x | -19.17x | -4.81x | -16.82x | -32.93x | -3.34x | -2.36x | -1.06x | - | - |
| Total Equity | 113.04M | 112.25M | 73.47M | 29.32M | 26.99M | 27.36M | 51.59M | 49.93M | 48.85M | 53.36M | 55.39M | 58.62M | 50.18M | 46.27M | 69.32M | 106.57M | 87.58M | 90.99M | 38.73M | 20.86M |
| Equity Growth % | 318.79% | 310.23% | 42.39% | -41.28% | -44.74% | -48.72% | -6.85% | -14.82% | -2.65% | 15.32% | -20.09% | -44.99% | -42.71% | -49.14% | 78.98% | 410.94% | 1523.39% | 1438% | 563.18% | 382.58% |
| Book Value per Share | 1.34 | 3.86 | 2.72 | 1.96 | 2.26 | 2.58 | 6.67 | 10.94 | 17.40 | 21.30 | 39.21 | 52.06 | 58.02 | 70.43 | 117.90 | 189.64 | 157.85 | 173.38 | 76.23 | 44.53 |
| Total Shareholders' Equity | 47.25M | 54.86M | 14.47M | -19.46M | -16.07M | -12.48M | 20.88M | 24.36M | 21.53M | 26.51M | 28.74M | 32.77M | 37.38M | 41.87M | 65.3M | 106.57M | 87.58M | 90.99M | 38.73M | 20.86M |
| Common Stock | 112K | 103K | 64K | 19K | 13K | 11K | 8K | 5K | 3K | 3K | 1K | 31K | 26K | 1K | 16K | 15K | 15K | 15K | 14K | 14K |
| Retained Earnings | -385.18M | -367.71M | -353.2M | -329.24M | -321.86M | -314.3M | -274.29M | -267.1M | -256.22M | -250.97M | -244.27M | -237.61M | -228.83M | -221.77M | -194.41M | -138.52M | -131.96M | -123.68M | -120.42M | -119.63M |
| Treasury Stock | -13.87M | -13.87M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.8M | -13.76M | -13.76M | -13.76M | -13.76M |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 65.8M | 57.38M | 58.99M | 48.78M | 43.06M | 39.84M | 30.72M | 25.57M | 27.32M | 26.84M | 26.65M | 25.86M | 12.79M | 4.41M | 4.02M | 0 | 0 | 0 | 0 | 0 |