Soluna Holdings, Inc (SLNHP) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
325 WASHINGTON AVENUE EXTENSION ALBANY, NY 12205 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 7,843 | 6,368 | 1,136 | 10,258 | 2,630 | 3,828 | |||
| Cash and cash equivalent | 7,843 | 6,368 | 1,136 | 10,258 | 2,630 | 3,828 | |||
| Restricted cash and investments | 1,150 | 2,999 | 685 | ||||||
| Receivables | 2,706 | 3,394 | 320 | 531 | 975 | 1,406 | |||
| Inventory, net of allowances, customer advances and progress billings | 828 | 694 | |||||||
| Inventory | 828 | 694 | |||||||
| Disposal group, including discontinued operation | 3,028 | ||||||||
| Asset, held-for-sale, not part of disposal group | 28 | 107 | |||||||
| Other undisclosed current assets | 1,768 | 1,416 | 2,501 | 11,165 | 346 | 90 | |||
| Total current assets: | 13,495 | 14,284 | 4,642 | 24,982 | 4,779 | 6,018 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 313 | 431 | 233 | 405 | 1,203 | ✕ | |||
| Property, plant and equipment | 47,283 | 44,572 | 42,504 | 44,597 | 847 | 184 | |||
| Long-term investments and receivables | 750 | 750 | |||||||
| Long-term investments | 750 | 750 | |||||||
| Intangible assets, net (including goodwill) | 17,620 | 27,007 | 36,432 | 45,839 | |||||
| Intangible assets, net (excluding goodwill) | 17,620 | 27,007 | 36,432 | 45,839 | |||||
| Deposits noncurrent assets | 5,145 | 1,028 | |||||||
| Restricted cash and investments | 1,460 | 1,000 | |||||||
| Disposal group, including discontinued operation, noncurrent assets | 101 | ||||||||
| Deferred income tax assets | 759 | ✕ | |||||||
| Other noncurrent assets | |||||||||
| Other undisclosed noncurrent assets | 2,724 | 2,954 | 1,150 | 1,020 | 309 | ||||
| Total noncurrent assets: | 74,545 | 76,992 | 80,319 | 92,712 | 3,868 | 184 | |||
| TOTAL ASSETS: | 88,040 | 91,276 | 84,961 | 117,694 | 8,647 | 6,202 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 31,915 | 7,005 | 6,269 | 5,819 | 1,321 | 1,238 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 2 | 2 | |||
| Accounts payable | 2,840 | 2,099 | 3,548 | 2,958 | 300 | 325 | |||
| Accrued liabilities | 29,075 | 4,906 | 2,721 | 2,859 | 1,019 | 913 | |||
| Deferred revenue | 1,416 | 1,588 | ✕ | ||||||
| Debt | 14,444 | 19,338 | 12,087 | 1,000 | |||||
| Disposal group, including discontinued operation | 1,243 | ||||||||
| Other undisclosed current liabilities | 98 | 244 | 11,160 | 7,621 | 316 | ||||
| Total current liabilities: | 47,873 | 28,175 | 29,516 | 15,683 | 1,637 | 1,238 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 237 | 891 | |||||||
| Liabilities, other than long-term debt | 5,509 | 9,243 | 8,970 | ||||||
| Deferred revenue | 1,248 | ✕ | |||||||
| Deferred income tax liabilities | 5,257 | 7,779 | 8,886 | ✕ | |||||
| Other liabilities | |||||||||
| Operating lease, liability | 252 | 216 | 84 | 237 | 891 | ✕ | |||
| Other undisclosed noncurrent liabilities | 7,296 | 499 | 203 | 10,549 | (688) | ||||
| Total noncurrent liabilities: | 12,805 | 9,742 | 9,173 | 11,023 | 1,094 | ||||
| Total liabilities: | 60,678 | 37,917 | 38,689 | 26,706 | 2,731 | 1,238 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (12,479) | 26,514 | 41,866 | 90,988 | 5,916 | 4,964 | |||
| Preferred stock | 1 | ||||||||
| Common stock | 11 | 3 | 20 | 15 | 108 | 104 | |||
| Treasury stock, value | (13,798) | (13,798) | (13,798) | (13,764) | (13,764) | (13,764) | |||
| Additional paid in capital | 315,607 | 291,276 | 277,410 | 228,420 | 137,365 | 139,022 | |||
| Accumulated deficit | (314,304) | (250,970) | (221,769) | (123,684) | (117,793) | (120,398) | |||
| Other undisclosed equity, attributable to parent | 5 | 3 | 3 | ||||||
| Equity, attributable to noncontrolling interest | 39,841 | 26,845 | 4,406 | ||||||
| Total equity: | 27,362 | 53,359 | 46,272 | 90,988 | 5,916 | 4,964 | |||
| TOTAL LIABILITIES AND EQUITY: | 88,040 | 91,276 | 84,961 | 117,694 | 8,647 | 6,202 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 38,021 | 21,066 | 28,547 | 14,345 | 9,599 | 7,061 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,061 | |
| Cost of revenue | (28,627) | (15,829) | (14,281) | (5,626) | (3,074) | (2,234) | ||
| Cost of product and service sold | (536) | (15,829) | (2,669) | (2,234) | ||||
| Other cost of operating revenue | (14,281) | (5,626) | (405) | |||||
| Other undisclosed gross profit | (33,130) | |||||||
| Gross profit: | (23,736) | 5,237 | 14,266 | 8,719 | 6,525 | 4,827 | ||
| Operating expenses | (28,324) | (25,478) | (76,081) | (10,751) | (5,075) | (4,239) | ||
| Other undisclosed operating income (loss) | 4,537 | (22,975) | (2,444) | |||||
| Operating income (loss): | (47,523) | (20,241) | (84,790) | (4,476) | 1,450 | 588 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | (3,357) | (1,479) | 22 | 11 | 104 | |||
| Interest and debt expense | (7,349) | (6,652) | (19,505) | (1,879) | ||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (58,229) | (28,372) | (104,273) | (6,344) | 1,554 | 588 | ||
| Other undisclosed loss from continuing operations before income taxes | (2,558) | (398) | (4,089) | |||||
| Income (loss) from continuing operations before income taxes: | (60,787) | (28,770) | (108,362) | (6,344) | 1,554 | 588 | ||
| Income tax expense (benefit) | 2,487 | 1,067 | 1,346 | (44) | 392 | (6) | ||
| Income (loss) from continuing operations: | (58,300) | (27,703) | (107,016) | (6,388) | 1,946 | 582 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (2,649) | 1,946 | 582 | |
| Income from discontinued operations | 3,739 | |||||||
| Other undisclosed net income (loss) | 7,921 | (2,612) | ||||||
| Net income (loss): | (58,300) | (27,703) | (99,095) | (5,261) | 1,946 | 582 | ||
| Net income (loss) attributable to noncontrolling interest | (5,034) | (1,498) | 380 | |||||
| Net income (loss) attributable to parent: | (63,334) | (29,201) | (98,715) | (5,261) | 1,946 | 582 | ||
| Preferred stock dividends and other adjustments | (630) | |||||||
| Other undisclosed net loss available to common stockholders, basic | (12,997) | (7,309) | ||||||
| Net income (loss) available to common stockholders, diluted: | (76,331) | (36,510) | (99,345) | (5,261) | 1,946 | 582 | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (58,300) | (27,703) | (99,095) | (5,261) | 1,946 | 582 | ||
| Comprehensive income (loss): | (58,300) | (27,703) | (99,095) | (5,261) | 1,946 | 582 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (5,034) | (1,498) | 380 | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (63,334) | (29,201) | (98,715) | (5,261) | 1,946 | 582 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.