Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc (SLNH)
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -17,902 | -16,070 | -40,921 | NaN |
| Depreciation expense | 2,229 | 1,986 | 1,745 | 3,121 |
| Amortization expense | 2,374 | 2,374 | 2,373 | 4,746 |
| Stock-based compensation | 10,222 | 4,895 | 1,882 | 3,789 |
| Deferred income taxes | -632 | -623 | -665 | -1,051 |
| Impairment on fixed assets | NaN | 0 | 12 | NaN |
| Provision for credit losses | NaN | 0 | NaN | NaN |
| Right of first refusal amortization gain | -90 | NaN | NaN | NaN |
| Amortization of operating and finance lease asset | 56 | 189 | NaN | NaN |
| Amortization of operating lease asset | NaN | NaN | 49 | 30 |
| Debt issuance costs | NaN | 0 | NaN | NaN |
| Gain on debt extinguishment and revaluation, net | 0 | 0 | 10,658 | NaN |
| Loss on contract | NaN | 0 | NaN | NaN |
| Amortization of deferred financing costs and discount on notes | 436 | 553 | 223 | 338 |
| Fair value adjustments, including sepa | 0 | 1,515 | 22,165 | NaN |
| Fair value on placement agent warrant financing cost | NaN | 0 | 146 | NaN |
| Sepa commitment cost | 250 | NaN | NaN | NaN |
| Gain on sale of fixed assets | 32 | -349 | -802 | NaN |
| Conversion inducement expense | NaN | 0 | NaN | NaN |
| Accounts receivable | -66 | 1,114 | 1,759 | -44 |
| Prepaid expenses and other current assets | 1,514 | -857 | 1,286 | 455 |
| Other long-term assets | 0 | -96 | -1 | -1,607 |
| Accounts payable | -2,085 | -8 | 918 | 1,102 |
| Contract termination liability | 0 | 0 | 0 | -667 |
| Deferred revenue | 161 | 1,012 | NaN | NaN |
| Operating lease liabilities | -8 | 14 | -45 | -30 |
| Other liabilities and customer deposits | 406 | 871 | 1,529 | 644 |
| Sepa fair value revaluation | NaN | NaN | NaN | 118 |
| Accrued liabilities and interest payable | -309 | -2,487 | 5,750 | 1,042 |
| Net cash used in operating activities | -6,372 | -5,670 | -2,206 | -1,273 |
| Purchases of property, plant, and equipment | 2,565 | 11,057 | 4,643 | 12,365 |
| Purchases of intangible assets | 45 | 42 | 9 | 83 |
| Proceeds from sale of property, plant, and equipment | 32 | 0 | NaN | 0 |
| Deposits on equipment | 3,646 | 2,626 | 5,127 | -4,099 |
| Net cash used in investing activities | -6,224 | -13,725 | -9,779 | -8,349 |
| Proceeds from common stock warrant exercises | 8 | 817 | 9,455 | 0 |
| Proceeds from sale of common stock on sepa | 0 | 6,176 | NaN | NaN |
| Proceeds from notes | 0 | 23,885 | NaN | NaN |
| Proceeds from issuance-At The Market | NaN | 34,153 | NaN | NaN |
| Proceeds from issuance-July Equity Issuance | NaN | 4,364 | NaN | NaN |
| Net proceeds from december equity issuance-December Equity Issuance | NaN | 29,748 | NaN | NaN |
| Proceeds from sale of common stock on sepa | NaN | NaN | 6,176 | NaN |
| Payments on notes | NaN | 6,676 | NaN | NaN |
| Proceeds from notes | NaN | NaN | 13,165 | 5,269 |
| Payments of debt issuance costs | NaN | 2,790 | NaN | NaN |
| Proceeds from sale of common stock on atm | NaN | NaN | 22,961 | NaN |
| Payments on other financing costs | NaN | 0 | NaN | NaN |
| Proceeds from july equity issuance | NaN | NaN | 4,509 | NaN |
| Payments on warrant redemptions | NaN | 452 | NaN | NaN |
| Costs associated with july equity issuance | NaN | NaN | 145 | NaN |
| Payments on financing lease liabilities | NaN | 118 | NaN | NaN |
| Payments on notes and deferred financing costs | -5,937 | NaN | 3,663 | 3,275 |
| Payments on financing lease liabilities | 56 | -87 | 162 | NaN |
| Contributions from non-controlling interest | 10,918 | 7,481 | 10,226 | 11,852 |
| Payments on atm | NaN | NaN | NaN | 132 |
| Proceeds from sale of common stock on sepa | NaN | NaN | NaN | 2,005 |
| Proceeds from sale of common stock on atm | NaN | NaN | NaN | 2,178 |
| Distributions to non-controlling interest | 131 | 3,901 | 1,178 | 3,575 |
| Net cash provided by financing activities | 9,738 | 47,777 | 57,293 | 14,322 |
| (decrease) increase in cash & restricted cash | -2,858 | 28,382 | 45,308 | 4,700 |
| Cash & restricted cash beginning of period | 88,843 | 60,461 | 10,453 | NaN |
| Cash & restricted cash end of period | 85,985 | 88,843 | 60,461 | NaN |