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Soluna Holdings, Inc income statement

In fiscal 2025, Soluna Holdings, Inc reported revenue of $29.7m, down 21.8% on the year before, operating income of −$33.7m (a -113.3% margin) and net income of −$53.4m, or −$2.38 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue8810671142921383042
Cost of revenue————23—3716292335
Gross profit————4−2—−83−2421
Research and development541111——————
Selling, general and administrative355032112925284060
Operating income45−30−00−2−4−85−20−48−34−53
Interest expense000−0——283357
Income before tax−4−30−00−2−6−108−29−61−59−85
Income tax−00−2−0−0−00−1−1−2−2−2
Net income−3−22−002−5−99−29−63−53−78
Diluted EPS−$0.16−$0.09$3.00−$0.10$0.19$0.05−$0.13−$43.60−$6.95−$14.94−$2.38—
Diluted shares (average)————2m2m2m2m5m5m29m—
EBITDA46−30−00−2−3−75−11−38−24−44

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.