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Soluna Holdings, Inc SLNH

Nasdaq · stock · Finance Services · website · IPO 1981-04-14

Soluna Holdings, Inc statistics & valuation

Market cap$225.6M
P / S7.6×
P / B2.0×
Net margin-179.7%
Return on equity-48.1%
FCF margin-125.2%
Net debt$17.9M
Enterprise value USD$243.5M
Earnings yield EBIT/EV-13.8%
Return on capital-24.3%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
4.90% 327.10% -36.70% -345.80% -138.60% -166.60% -179.70% 2015201620172019202020212022202320242025
Gross margin (%)
13.10% -62.40% 6.10% 2015201620172019202020212022202320242025
Operating margin (%)
3.90% -276.00% -31.20% -297.00% -96.10% -125.00% -113.30% 2015201620172019202020212022202320242025
Return on equity (%)
-185.50% -8.70% 11.70% 8.40% 32.90% -5.80% -213.30% -54.70% -231.50% -48.10% 2015201620172019202020212022202320242025
Shares outstanding
15.8M 27.0M 28.1M 28.8M 32.3M 41.3M 2.2M 2.5M 10.6M 102.5M 2015201620172019202020212022202320242025
Net debt ($)
$13.0M $7.1M $17.9M 2015201620172019202020212022202320242025
Share buybacks ($)
2015201620172019202020212022202320242025
Return on assets (%)
-109.50% -6.90% 9.40% 5.60% 22.50% -4.50% -116.20% -32.00% -71.90% -28.40% 2015201620172019202020212022202320242025
Free cash flow margin (%)
3.10% -339.30% -286.90% -244.50% -74.50% -36.60% -125.20% 2015201620172019202020212022202320242025
Debt / equity (×)
0.28× 0.26× 0.16× 2015201620172019202020212022202320242025
EPS ($)
-$0.18 -$0.02 $0.02 $0.01 $0.07 -$0.17 -$58.14 -$27.79 -$14.94 -$2.38 2015201620172019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Soluna Holdings, Inc trades at about 20.3× earnings — below its 10-year norm (10-year range 97.8×–2175×, median 1025×).

20.3× 2175×

Shaded band = 10-year range (97.8×–2175×); dot = today's 20.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2017FY2016FY2015
Gross margin6.1%-62.4%13.1%———————
Operating margin-113.3%-125.0%-96.1%-297.0%-31.2%-276.0%3.9%———
Net margin-179.7%-166.6%-138.6%-345.8%-36.7%327.1%4.9%———
FCF margin-125.2%-36.6%-74.5%-244.5%-286.9%-339.3%3.1%———
Return on assets-28.4%-71.9%-32.0%-116.2%-4.5%22.5%5.6%9.4%-6.9%-109.5%
Return on equity-48.1%-231.5%-54.7%-213.3%-5.8%32.9%8.4%11.7%-8.7%-185.5%
Debt / equity0.16×0.26×—0.28×——————
Current ratio1.870.280.510.131.592.923.714.864.872.33

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.