For the year ending 2025-12-31, SLNH made $29,717K in revenue. -$56,991K in net income. Net profit margin of -191.78%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 29,717 | 38,021 | ||
| Cost, exclusive of depreciation-Cryptocurrency Mining Revenue | 7,411 | - | ||
| Cost, exclusive of depreciation-Data Hosting Revenue | 9,104 | - | ||
| Cost, exclusive of depreciation-High Performance Computing Service Revenue | 7 | - | ||
| Depreciation-Cryptocurrency Mining Revenue | 4,304 | - | ||
| Depreciation-Data Hosting Revenue | 2,433 | - | ||
| Total cost of revenue | 23,259 | 28,627 | ||
| General and administrative expenses, exclusive of depreciation and amortization | 30,519 | 18,581 | ||
| Depreciation and amortization associated with general and administrative expenses | 9,608 | 9,613 | ||
| Total general and administrative expenses | 40,127 | 28,194 | ||
| Loss on contract | 0 | 28,593 | ||
| Impairment on fixed assets | 12 | 130 | ||
| Operating loss | -33,681 | -47,523 | ||
| Interest expense | 4,835 | 2,527 | ||
| Gain (loss) on debt extinguishment and revaluation, net | 10,658 | -7,349 | ||
| Fair value adjustment loss | -23,681 | - | ||
| Loss on sale of fixed assets and credit on equipment deposit | -1,151 | -31 | ||
| Other financing expense | 5,917 | - | ||
| Other (expense) income, net | -700 | -3,357 | ||
| Loss before income taxes | -59,307 | -60,787 | ||
| Us federal statutory tax rate-US | -12,470 | - | ||
| All other states income tax effect-KY | -581 | - | ||
| All other states income tax effect-State And Local Tax Jurisdiction Other | -12 | - | ||
| State rate adjustment | -117 | - | ||
| State nol adjustment | -760 | - | ||
| Partnership differential | 1,282 | - | ||
| Stock based compensation | 113 | - | ||
| Fair value adjustment of warrants | 4,973 | - | ||
| Cancellation of debt income | 0 | - | ||
| Loss on extinguishment of debt | -2,592 | - | ||
| Other permanent items | 5 | - | ||
| Expiration of net operating losses | -2,985 | - | ||
| Return to provision adjustments | -5 | - | ||
| Other | -2 | - | ||
| Change in valuation allowances | 3,345 | - | ||
| Income tax benefit, net | -2,316 | -2,487 | ||
| Net loss | -56,991 | -58,300 | ||
| (less) net income attributable to non-controlling interest, net | - | 5,034 | ||
| Net loss attributable to soluna holdings, inc | - | -63,334 | ||
| Basic EPS | -2.38 | -12.15 | ||
| Diluted EPS | -2.38 | -12.15 | ||
| Basic Average Shares | 29,048,848 | 6,280,915 | ||
| Diluted Average Shares | 29,048,848 | 6,280,915 | ||
Soluna Holdings, Inc (SLNH)
Soluna Holdings, Inc (SLNH)