Soluna Holdings, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $29.7M | $38.0M | $21.1M | $28.5M | $14.3M | $595.0K | $6.6M | $7.1M |
| Cost of Revenue | $23.3M | $28.6M | $15.8M | $36.5M | — | $2.7M | $2.2M | $2.2M |
| Gross Profit | $1.8M | $-23.7M | $2.8M | $-8.0M | — | $-2.1M | $4.4M | $4.8M |
| Gross Margin | 6.1% | -62.4% | 13.1% | -27.9% | — | -348.6% | 66.4% | 68.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | $1.5M | $1.4M | $1.1M |
| SG&A Expense | $40.1M | $28.2M | $24.9M | $28.7M | $10.8M | $1.8M | $2.7M | $3.1M |
| Operating Income | $-33.7M | $-47.5M | $-20.2M | $-84.8M | $-4.5M | $-1.6M | $259.0K | $588.0K |
| Operating Margin | -113.3% | -125.0% | -96.1% | -297.0% | -31.2% | -276.0% | 3.9% | 8.3% |
| Interest Expense | — | $2.5M | $2.7M | $8.4M | $1.9M | — | — | — |
| Pretax Income | $-59.3M | $-60.8M | $-28.8M | $-108.4M | $-6.3M | $-1.5M | $295.0K | $588.0K |
| Income Tax Expense | $-2.3M | $-2.5M | $-1.1M | $-1.3M | $44.0K | $-332.0K | $-28.0K | $6.0K |
| Net Income | $-53.4M | $-63.3M | $-29.2M | $-98.7M | $-5.3M | $1.9M | $323.0K | $582.0K |
| Net Margin | -179.7% | -166.6% | -138.6% | -345.8% | -36.7% | 327.1% | 4.9% | 8.2% |
| EPS (Basic) | $-2.38 | $-2.49 | $-1.16 | $-3.63 | $-0.01 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $-2.38 | $-2.49 | $-1.16 | $-3.63 | $-0.01 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 29.0M | 30.7M | 31.5M | 28.8M | 568.3M | 459.9M | 458.3M | 438.2M |
| Shares Outstanding (Diluted) | 29.0M | 30.7M | 31.5M | 28.8M | 568.3M | 459.9M | 460.9M | 448.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |