Big Digital Energy vs Soluna Holdings
Big Digital Energy is the larger business, with $39.8m of revenue in fiscal 2025 against $29.7m for Soluna Holdings (1.3 times as much). Soluna Holdings grew faster (-21.8% against -32.9%). Big Digital Energy kept more of each dollar of sales as profit: a net margin of -59.5% against -179.7%.
| Latest fiscal year | Big Digital EnergyBGDE, 2025 | Soluna HoldingsSLNH, 2025 |
|---|---|---|
| Revenue | $39.8m | $29.7m |
| Revenue growth | -32.9% | -21.8% |
| Net income | −$23.7m | −$53.4m |
| Operating margin | — | -113.3% |
| Net margin | -59.5% | -179.7% |
| Return on equity | — | — |
| Free cash flow | −$7.0m | −$37.2m |
| Cash | $13.3m | — |
| Total debt | $25.2m | $26.8m |
| Debt to equity | — | 50.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $75,000 |
| Employees | 33 | — |
| Market value | $17.5m | $125m |
| Price vs our value range | — | — |
| Moat score | 13 (Weak) | 12 (Weak) |
| Insider trades, 12 months | 82 buys, 0 sales | 5 buys, 40 sales |