SLNH: Soluna Holdings Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Soluna Holdings Inc (SLNH).

OverviewDividends

$17.58M Market Cap.

As of 04/01/2025 5:00 PM ET (MRY) • Disclaimer

SLNH Market Cap. (MRY)


SLNH Shares Outstanding (MRY)


SLNH Assets (MRY)


Total Assets

$88.04M

Total Liabilities

$60.68M

Total Investments

$13.00K

SLNH Income (MRY)


Revenue

$38.02M

Net Income

-$63.33M

Operating Expense

$60.30M

SLNH Cash Flow (MRY)


CF Operations

-$5.07M

CF Investing

-$13.16M

CF Financing

$18.32M

SLNH Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$88,040,000 (-3.55%)

$91,276,000 (7.43%)

$84,961,000 (-27.81%)

$117,694,000 (1261.10%)

Assets Current

$13,495,000 (-5.52%)

$14,284,000 (189.33%)

$4,937,000 (-80.24%)

$24,982,000 (422.75%)

Assets Non-Current

$74,545,000 (-3.18%)

$76,992,000 (-3.79%)

$80,024,000 (-13.69%)

$92,712,000 (2296.90%)

Goodwill & Intangible Assets

$17,620,000 (-34.76%)

$27,007,000 (-25.87%)

$36,432,000 (-20.52%)

$45,839,000 (0%)

Shareholders Equity

-$12,479,000 (-147.07%)

$26,514,000 (-36.67%)

$41,866,000 (-53.99%)

$90,988,000 (1438.00%)

Property Plant & Equipment Net

$47,624,000 (5.57%)

$45,110,000 (5.55%)

$42,737,000 (-5.03%)

$45,002,000 (3816.62%)

Cash & Equivalents

$8,993,000 (-3.99%)

$9,367,000 (414.39%)

$1,821,000 (-82.25%)

$10,258,000 (290.04%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$453,000 (43.35%)

$316,000 (0%)

Total Investments

$13,000 (-97.09%)

$446,000 (103.65%)

$219,000 (-70.80%)

$750,000 (0.00%)

Investments Current

$13,000 (-97.09%)

$446,000 (103.65%)

$219,000 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$0 (0%)

$0 (0%)

$750,000 (0.00%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$2,693,000 (-8.65%)

$2,948,000 (821.25%)

$320,000 (-39.74%)

$531,000 (800.00%)

Trade & Non-Trade Payables

$2,840,000 (35.30%)

$2,099,000 (-40.84%)

$3,548,000 (19.95%)

$2,958,000 (1440.63%)

Accumulated Retained Earnings (Deficit)

-$314,304,000 (-25.24%)

-$250,970,000 (-13.17%)

-$221,769,000 (-80.22%)

-$123,054,000 (-4.47%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$5,294,000 (-32.15%)

$7,803,000 (-12.19%)

$8,886,000 (-13.55%)

$10,279,000 (513850.00%)

Total Debt

$21,818,000 (10.34%)

$19,774,000 (-13.57%)

$22,878,000 (167.83%)

$8,542,000 (1881.90%)

Debt Current

$14,505,000 (-25.84%)

$19,558,000 (-14.20%)

$22,794,000 (174.46%)

$8,305,000 (6097.76%)

Debt Non-Current

$7,313,000 (3285.65%)

$216,000 (157.14%)

$84,000 (-64.56%)

$237,000 (-20.20%)

Total Liabilities

$60,678,000 (60.03%)

$37,917,000 (-2.00%)

$38,689,000 (44.87%)

$26,706,000 (877.88%)

Liabilities Current

$47,873,000 (69.91%)

$28,175,000 (-4.54%)

$29,516,000 (88.20%)

$15,683,000 (858.03%)

Liabilities Non-Current

$12,805,000 (31.44%)

$9,742,000 (6.20%)

$9,173,000 (-16.78%)

$11,023,000 (907.59%)

SLNH Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$38,021,000 (80.49%)

$21,066,000 (-26.21%)

$28,547,000 (99.00%)

$14,345,000 (2310.92%)

Cost of Revenue

$28,627,000 (80.85%)

$15,829,000 (-56.64%)

$36,506,000 (352.37%)

$8,070,000 (1892.59%)

Selling General & Administrative Expense

$28,194,000 (13.22%)

$24,903,000 (-13.26%)

$28,709,000 (167.04%)

$10,751,000 (486.84%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$60,305,000 (120.45%)

$27,355,000 (-65.87%)

$80,148,000 (646.26%)

$10,740,000 (520.09%)

Interest Expense

$2,527,000 (-8.04%)

$2,748,000 (-67.19%)

$8,375,000 (345.72%)

$1,879,000 (0%)

Income Tax Expense

-$2,487,000 (-133.08%)

-$1,067,000 (20.73%)

-$1,346,000 (-3159.09%)

$44,000 (113.25%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

-$7,921,000 (-602.84%)

-$1,127,000 (64.29%)

Consolidated Income

-$58,300,000 (-110.45%)

-$27,703,000 (72.04%)

-$99,095,000 (-1783.58%)

-$5,261,000 (-370.35%)

Net Income to Non-Controlling Interests

$5,034,000 (236.05%)

$1,498,000 (494.21%)

-$380,000 (0%)

$0 (0%)

Net Income

-$63,334,000 (-116.89%)

-$29,201,000 (70.42%)

-$98,715,000 (-1776.35%)

-$5,261,000 (-370.35%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$63,334,000 (-116.89%)

-$29,201,000 (70.42%)

-$98,715,000 (-1776.35%)

-$5,261,000 (-370.35%)

Weighted Average Shares

$6,280,915 (378.10%)

$1,313,718 (119.21%)

$599,300 (26.54%)

$473,610 (23.57%)

Weighted Average Shares Diluted

$6,280,915 (378.10%)

$1,313,718 (119.21%)

$599,300 (26.54%)

$473,610 (23.57%)

Earning Before Interest & Taxes (EBIT)

-$63,294,000 (-129.99%)

-$27,520,000 (69.98%)

-$91,686,000 (-2646.73%)

-$3,338,000 (-306.82%)

Gross Profit

$9,394,000 (79.38%)

$5,237,000 (165.80%)

-$7,959,000 (-226.84%)

$6,275,000 (3202.63%)

Operating Income

-$50,911,000 (-130.18%)

-$22,118,000 (74.90%)

-$88,107,000 (-1873.28%)

-$4,465,000 (-189.56%)

SLNH Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$13,163,000 (-27.42%)

-$10,330,000 (81.12%)

-$54,714,000 (4.46%)

-$57,268,000 (-3022.57%)

Net Cash Flow from Financing

$18,318,000 (-16.21%)

$21,863,000 (-49.09%)

$42,942,000 (-27.68%)

$59,381,000 (71443.37%)

Net Cash Flow from Operations

-$5,069,000 (-69.70%)

-$2,987,000 (51.18%)

-$6,118,000 (-232.00%)

$4,635,000 (481.80%)

Net Cash Flow / Change in Cash & Cash Equivalents

$86,000 (-98.99%)

$8,546,000 (201.29%)

-$8,437,000 (-210.61%)

$7,628,000 (6256.67%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$13,062,000 (-27.16%)

-$10,272,000 (81.20%)

-$54,638,000 (1.91%)

-$55,701,000 (-5038.47%)

Issuance (Repayment) of Debt Securities

$11,795,000 (596.69%)

$1,693,000 (-92.94%)

$23,974,000 (63.51%)

$14,662,000 (0%)

Issuance (Purchase) of Equity Shares

$2,332,000 (188.97%)

$807,000 (-75.44%)

$3,286,000 (-83.64%)

$20,091,000 (24106.02%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$5,311,000 (25.70%)

$4,225,000 (15.03%)

$3,673,000 (89.23%)

$1,941,000 (4752.50%)

Depreciation Amortization & Accretion

$15,773,000 (15.85%)

$13,615,000 (-52.09%)

$28,416,000 (633.88%)

$3,872,000 (2218.56%)

SLNH Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

24.70% (-0.80%)

24.90% (189.25%)

-27.90% (-163.84%)

43.70% (36.99%)

Profit Margin

-166.60% (-20.20%)

-138.60% (59.92%)

-345.80% (-842.23%)

-36.70% (-111.22%)

EBITDA Margin

-125.00% (-89.39%)

-66.00% (70.22%)

-221.60% (-6089.19%)

3.70% (-98.76%)

Return on Average Equity (ROAE)

-466.60% (-401.18%)

-93.10% (28.93%)

-131.00% (-870.37%)

-13.50% (-133.83%)

Return on Average Assets (ROAA)

-67.60% (-111.91%)

-31.90% (61.29%)

-82.40% (-677.36%)

-10.60% (-139.26%)

Return on Sales (ROS)

-166.50% (-27.49%)

-130.60% (59.34%)

-321.20% (-1278.54%)

-23.30% (-108.59%)

Return on Invested Capital (ROIC)

-127.00% (-122.03%)

-57.20% (54.28%)

-125.10% (-793.57%)

-14.00% (-134.06%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0% (0%)

Price to Earnings Ratio (P/E)

-0.17 (-20.14%)

-0.14 (-278.95%)

-0.04 (99.82%)

-21.52 (-191.38%)

Price to Sales Ratio (P/S)

0.35 (39.36%)

0.25 (81.75%)

0.14 (-98.46%)

8.88 (-88.29%)

Price to Book Ratio (P/B)

-1.41 (-679.84%)

0.24 (122.94%)

0.11 (-92.80%)

1.51 (-79.70%)

Debt to Equity Ratio (D/E)

-4.86 (-440.00%)

1.43 (54.76%)

0.92 (214.29%)

0.29 (-36.36%)

Earnings Per Share (EPS)

-12.15 (56.28%)

-27.79 (83.87%)

-172.25 (-1278.00%)

-12.5 (-350.00%)

Sales Per Share (SPS)

6.05 (-62.25%)

16.04 (-66.34%)

47.63 (57.27%)

30.29 (1851.61%)

Free Cash Flow Per Share (FCFPS)

-2.89 (71.40%)

-10.09 (90.04%)

-101.38 (5.98%)

-107.82 (-1698.25%)

Book Value Per Share (BVPS)

-1.99 (-109.85%)

20.18 (-71.11%)

69.86 (-63.64%)

192.12 (1144.68%)

Tangible Assets Book Value Per Share (TABVPS)

11.21 (-77.08%)

48.92 (-39.59%)

80.98 (-46.63%)

151.72 (572.48%)

Enterprise Value Over EBIT (EV/EBIT)

-1 (0.00%)

-1 (0%)

0 (0%)

-37 (-242.31%)

Enterprise Value Over EBITDA (EV/EBITDA)

-0.69 (45.62%)

-1.28 (-188.49%)

-0.44 (-100.19%)

230.5 (865.51%)

Asset Turnover

0.41 (76.52%)

0.23 (-3.36%)

0.24 (-17.36%)

0.29 (246.99%)

Current Ratio

0.28 (-44.38%)

0.51 (203.59%)

0.17 (-89.52%)

1.59 (-45.43%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

-$18,131,000 (-36.74%)

-$13,259,000 (78.18%)

-$60,756,000 (-18.98%)

-$51,066,000 (-2122.19%)

Enterprise Value (EV)

$33,015,861 (85.76%)

$17,773,152 (-36.57%)

$28,021,054 (-77.23%)

$123,085,228 (189.49%)

Earnings Before Tax (EBT)

-$65,821,000 (-117.46%)

-$30,268,000 (69.75%)

-$100,061,000 (-1817.98%)

-$5,217,000 (-423.23%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$47,521,000 (-241.75%)

-$13,905,000 (78.02%)

-$63,270,000 (-11948.31%)

$534,000 (-70.02%)

Invested Capital

$35,372,000 (-23.93%)

$46,501,000 (16.05%)

$40,070,000 (-26.42%)

$54,456,000 (1031.91%)

Working Capital

-$34,378,000 (-147.48%)

-$13,891,000 (43.48%)

-$24,579,000 (-364.32%)

$9,299,000 (195.96%)

Tangible Asset Value

$70,420,000 (9.57%)

$64,269,000 (32.43%)

$48,529,000 (-32.46%)

$71,855,000 (730.98%)

Market Capitalization

$17,582,861 (173.06%)

$6,439,152 (40.74%)

$4,575,054 (-96.68%)

$137,762,228 (212.18%)

Average Equity

$13,572,500 (-56.71%)

$31,350,500 (-58.38%)

$75,327,500 (93.18%)

$38,992,500 (699.93%)

Average Assets

$93,675,250 (2.31%)

$91,562,750 (-23.53%)

$119,737,500 (140.39%)

$49,810,500 (591.91%)

Invested Capital Average

$49,821,500 (3.53%)

$48,124,250 (-34.32%)

$73,272,750 (207.24%)

$23,849,000 (507.08%)

Shares

8,372,791 (420.12%)

1,609,788 (129.50%)

701,426 (36.96%)

512,127 (36.65%)