| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net loss | -40,921 | - |
| Depreciation expense | 4,866 | 3,121 |
| Amortization expense | 7,119 | 4,746 |
| Stock-based compensation | 5,671 | 3,789 |
| Deferred income taxes | -1,716 | -1,051 |
| Impairment on fixed assets | 12 | - |
| Amortization of operating lease asset | 79 | 30 |
| (gain) loss on debt extinguishment and revaluation, net | 10,658 | - |
| Amortization of deferred financing costs and discount on notes | 561 | 338 |
| Fair value adjustments, including sepa | 22,165 | - |
| Fair value on placement warrant financing cost | 146 | - |
| Loss on sale of fixed assets and credit on equipment deposit | -802 | - |
| Accounts receivable | 1,715 | -44 |
| Prepaid expenses and other current assets | 1,741 | 455 |
| Other long-term assets | -1,608 | -1,607 |
| Accounts payable | 2,020 | 1,102 |
| Contract liability | -667 | -667 |
| Operating lease liabilities | -75 | -30 |
| Other liabilities and customer deposits | 2,173 | 644 |
| Sepa fair value revaluation | - | 118 |
| Accrued liabilities and interest payable | 6,792 | 1,042 |
| Net cash used in operating activities | -3,479 | -1,273 |
| Proceeds from sale of property, plant and equipment | - | 0 |
| Purchases of property, plant, and equipment | 17,008 | 12,365 |
| Purchases of intangible assets | 92 | 83 |
| Deposits on equipment | 1,028 | -4,099 |
| Net cash used in investing activities | -18,128 | -8,349 |
| Proceeds from common stock warrant exercises | 9,455 | 0 |
| Proceeds from sale of common stock on sepa | 6,176 | - |
| Proceeds from notes | 18,434 | 5,269 |
| Proceeds from sale of common stock on atm | 22,961 | - |
| Proceeds from july equity issuance | 4,509 | - |
| Costs associated with july equity issuance | 145 | - |
| Payments on notes and deferred financing costs | 6,938 | 3,275 |
| Payments on atm | 162 | - |
| Contributions from non-controlling interest | 22,078 | 11,852 |
| Payments on atm | - | 132 |
| Proceeds from sale of common stock on sepa | - | 2,005 |
| Proceeds from sale of common stock on atm | - | 2,178 |
| Distributions to non-controlling interest | 4,753 | 3,575 |
| Net cash provided by financing activities | 71,615 | 14,322 |
| Increase in cash & restricted cash | 50,008 | 4,700 |
| Cash and cash equivalents at beginning of period | 10,453 | - |
| Cash and cash equivalents at end of period | 60,461 | - |
Soluna Holdings, Inc (SLNHP)
Soluna Holdings, Inc (SLNHP)