Soluna Holdings, Inc balance sheet

At the end of fiscal 2025, Soluna Holdings, Inc had total assets of $188m, total liabilities of $75.7m and shareholders' equity of $53.5m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Soluna Holdings, Inc: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	1	1	0	0	—	—	—	—	—	—	—	—
Receivables	—	1	2	0	1	0	1	0	3	3	6	7
Inventory	—	1	1	0	1	1	—	—	—	—	—	—
Total current assets	—	3	5	0	4	5	25	4	14	13	92	135
Total assets	—	4	6	0	6	9	118	85	91	88	188	294
Accounts payable	—	0	0	0	0	0	3	4	2	3	5	4
Deferred revenue (current)	—	0	0	0	—	—	—	—	2	20	19	19
Total current liabilities	—	2	1	0	1	2	16	30	28	48	49	65
Short-term debt	—	—	—	—	—	—	—	—	—	14	9	30
Long-term debt	—	—	—	—	—	—	—	13	—	7	18	3
Total debt	0	0	0	0	0	0	14	13	8	22	27	33
Total liabilities	—	—	—	—	2	3	27	39	38	61	76	82
Shareholders' equity	2	−1	2	3	4	6	91	42	27	−12	54	156
Non-controlling interests and other (assets − liabilities − equity)	—	—	—	—	—	—	—	4	27	40	59	56
Net debt (negative = net cash)	−1	−1	−0	−0	—	—	—	—	—	—	—	—
Shares outstanding	—	150m	—	—	—	—	—	2m	5m	—	—	226m

US$ millions unless shown otherwise. Fiscal quarters.

Soluna Holdings, Inc: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	2	3	2	3	4	6	5	7
Total current assets	19	13	16	17	66	92	91	135
Total assets	97	88	90	92	152	188	190	294
Accounts payable	3	3	3	4	5	5	4	4
Deferred revenue (current)	2	20	19	19	19	19	19	19
Total current liabilities	31	48	48	48	56	49	52	65
Short-term debt	—	14	—	—	—	9	10	30
Long-term debt	8	7	10	10	13	18	16	3
Total debt	8	22	10	10	13	27	26	33
Total liabilities	46	61	63	63	79	76	76	82
Shareholders' equity	21	−12	−16	−19	14	54	47	156
Non-controlling interests and other (assets − liabilities − equity)	31	40	43	49	59	59	67	56
Shares outstanding	8m	11m	13m	19m	64m	103m	112m	226m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Soluna Holdings, Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Soluna Holdings, Inc.