Soluna Holdings, Inc. (SLNH) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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SLNH Revenue Growth
Revenue Breakdown (FY 2024)
SLNH's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
SLNH Revenue Analysis (2013–2024)
As of May 8, 2026, Soluna Holdings, Inc. (SLNH) generated trailing twelve-month (TTM) revenue of $28.8 million, reflecting strong growth of +11.8% year-over-year. The most recent quarter (Q3 2025) recorded $8.4 million in revenue, up 36.7% sequentially.
Looking at the longer-term picture, SLNH's 5-year compound annual growth rate (CAGR) stands at +42.1%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $38.0 million in 2024, representing a new all-time high.
Revenue diversification analysis shows SLNH's business is primarily driven by Data Hosting Revenue (53%), and Cryptocurrency Mining Revenue (47%). With over half of revenue concentrated in Data Hosting Revenue, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including MARA, RIOT, and CLSK (+68.0% YoY), SLNH has underperformed the peer group in terms of revenue growth. Compare SLNH vs MARA →
SLNH Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| SLNHCurrent | $29M | +11.8% | +42.1% | -125.0% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +68.0% | +138.0% | 41.6% | |
 IREN | $501M | - | - | 3.5% | |
 HUT | $15M | - | - | -2104.6% |
SLNH Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $38.0M | +80.5% | $22.9M | 60.3% | $-47,523,000 | -125.0% |
| 2023 | $21.1M | -26.2% | $15.5M | 73.4% | $-20,241,000 | -96.1% |
| 2022 | $28.5M | +99.0% | $25.0M | 87.5% | $-84,790,000 | -297.0% |
| 2021 | $14.3M | +2310.9% | $6.3M | 43.7% | $-4,476,000 | -31.2% |
| 2020 | $595K | -90.9% | $190K | 31.9% | $-1,642,000 | -276.0% |
| 2019 | $6.6M | -18.5% | $4.4M | 66.4% | $259K | 3.9% |
| 2018 | $8.1M | +14.2% | $5.7M | 71.1% | $1.5M | 18.9% |
| 2017 | $7.1M | +0.1% | $4.8M | 68.4% | $588K | 8.3% |
| 2016 | $7.1M | +11.5% | $4.3M | 61.4% | $-361,000 | -5.1% |
| 2015 | $6.3M | -27.9% | $3.9M | 60.9% | $-1,470,000 | -23.2% |
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Start ComparisonSLNH — Frequently Asked Questions
Quick answers to the most common questions about buying SLNH stock.
Is SLNH's revenue growth accelerating or slowing?
SLNH maintains +11.8% revenue growth, in line with its 5-year CAGR of +42.1%. TTM revenue stands at $29M. Growth rate remains consistent with historical average.
What is SLNH's long-term revenue growth rate?
Soluna Holdings, Inc.'s 5-year revenue CAGR of +42.1% reflects the sustained expansion pattern. Current YoY growth of +11.8% is near this long-term average.
How is SLNH's revenue distributed by segment?
SLNH reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.