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Soluna Holdings, Inc (SLNHP) Stock Fundamental Analysis & AI Rating 2026

SLNHP Nasdaq Finance Services NV CIK: 0000064463
Recently Updated • Analysis: Apr 16, 2026 • SEC Data: 2025-12-31
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 SLNHP Key Takeaways

Revenue: $29.7M
Net Margin: -179.7%
Free Cash Flow: $-37.2M
Current Ratio: 1.87x
Debt/Equity: 0.33x
EPS: $-2.38
AI Rating: STRONG SELL with 88% confidence
Soluna Holdings, Inc (SLNHP) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $29.7M, net profit margin of -179.7%, and return on equity (ROE) of -99.7%, Soluna Holdings, Inc demonstrates mixed fundamentals in the Finance sector. Below is our complete SLNHP stock analysis for 2026.

Is Soluna Holdings, Inc (SLNHP) a Good Investment?

Claude

Soluna is severely unprofitable with net losses of $53.4M on $29.7M revenue (-179.7% net margin), declining sales (-21.8% YoY), and negative operating cash flow of -$9.1M. While the company maintains $76.4M in cash providing near-term runway, the combination of operational losses far exceeding revenue, negative free cash flow of -$37.2M, and deteriorating fundamentals indicate the business model is not generating value.

Why Buy Soluna Holdings, Inc Stock? SLNHP Key Strengths

Claude
  • + Strong cash position of $76.4M provides 1-2 years of operational runway at current burn rates
  • + Healthy short-term liquidity with current ratio of 1.87x and quick ratio of 1.85x
  • + Moderate leverage with debt/equity of 0.33x limits near-term solvency risk

SLNHP Stock Risks: Soluna Holdings, Inc Investment Risks

Claude
  • ! Massive net losses of $53.4M represent 179.7% of revenue with no clear path to profitability
  • ! Revenue declining 21.8% YoY indicates deteriorating business fundamentals and market demand
  • ! Negative operating cash flow of -$9.1M combined with $28.1M capex creates unsustainable burn of -$37.2M free cash flow
  • ! Extremely low gross margin of 6.1% provides no buffer for operational profitability
  • ! Negative interest coverage of -10.4x means company cannot service debt from operations

Key Metrics to Watch

Claude
  • * Operating cash flow trend - critical indicator of whether business model can self-sustain
  • * Revenue growth rate - must return to positive growth to justify capital expenditures
  • * Cash balance depletion rate - determines runway before liquidity crisis
  • * Gross margin expansion - essential to achieve any meaningful profitability

Soluna Holdings, Inc (SLNHP) Financial Metrics & Key Ratios

Revenue
$29.7M
Net Income
$-53.4M
EPS (Diluted)
$-2.38
Free Cash Flow
$-37.2M
Total Assets
$187.9M
Cash Position
$76.4M

💡 AI Analyst Insight

Soluna Holdings, Inc presents a mixed fundamental picture. Review the detailed metrics above to form your own investment thesis.

SLNHP Profit Margin, ROE & Profitability Analysis

Gross Margin 6.1%
Operating Margin -113.3%
Net Margin -179.7%
ROE -99.7%
ROA -28.4%
FCF Margin -125.2%

SLNHP vs Finance Sector: How Soluna Holdings, Inc Compares

How Soluna Holdings, Inc compares to Finance sector averages

Net Margin
SLNHP -179.7%
vs
Sector Avg 25.0%
SLNHP Sector
ROE
SLNHP -99.7%
vs
Sector Avg 12.0%
SLNHP Sector
Current Ratio
SLNHP 1.9x
vs
Sector Avg 1.2x
SLNHP Sector
Debt/Equity
SLNHP 0.3x
vs
Sector Avg 2.0x
SLNHP Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Soluna Holdings, Inc Stock Overvalued? SLNHP Valuation Analysis 2026

Based on fundamental analysis, Soluna Holdings, Inc has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
-99.7%
Sector avg: 12%
Net Profit Margin
-179.7%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.33x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Soluna Holdings, Inc Balance Sheet: SLNHP Debt, Cash & Liquidity

Current Ratio
1.87x
Quick Ratio
1.85x
Debt/Equity
0.33x
Debt/Assets
40.3%
Interest Coverage
-10.38x
Long-term Debt
$17.9M

SLNHP Revenue & Earnings Growth: 5-Year Financial Trend

SLNHP 5-year financial data: Year 2025: Revenue $38.0M, Net Income -$63.3M, EPS $-6.38.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Soluna Holdings, Inc's revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-6.38 indicates the company is currently unprofitable.

SLNHP Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-125.2%
Free cash flow / Revenue

SLNHP Quarterly Earnings & Performance

Quarterly financial performance data for Soluna Holdings, Inc including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $7.5M -$7.2M $-0.93
Q2 2025 $6.2M -$7.4M $-0.69
Q1 2025 $5.9M -$5.3M $-0.88
Q3 2024 $5.8M -$6.7M $-1.29
Q2 2024 $2.1M -$8.8M $-2.97

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Soluna Holdings, Inc Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$9.1M
Cash generated from operations
Stock Buybacks
$75.0K
Shares repurchased (TTM)
Capital Expenditures
$28.1M
Investment in assets
Dividends Paid
$630.0K
Returned to shareholders

SLNHP SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Soluna Holdings, Inc (CIK: 0000064463)

📋 Recent SEC Filings

Date Form Document Action
Apr 15, 2026 S-1 forms-1.htm View →
Apr 15, 2026 8-K form8-k.htm View →
Apr 9, 2026 8-K form8-k.htm View →
Apr 8, 2026 4 xslF345X06/ownership.xml View →
Apr 3, 2026 8-K form8-k.htm View →

Frequently Asked Questions about SLNHP

What is the AI rating for SLNHP?

Soluna Holdings, Inc (SLNHP) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are SLNHP's key strengths?

Claude: Strong cash position of $76.4M provides 1-2 years of operational runway at current burn rates. Healthy short-term liquidity with current ratio of 1.87x and quick ratio of 1.85x.

What are the risks of investing in SLNHP?

Claude: Massive net losses of $53.4M represent 179.7% of revenue with no clear path to profitability. Revenue declining 21.8% YoY indicates deteriorating business fundamentals and market demand.

What is SLNHP's revenue and growth?

Soluna Holdings, Inc reported revenue of $29.7M.

Does SLNHP pay dividends?

Soluna Holdings, Inc pays dividends, with $0.6M distributed to shareholders in the trailing twelve months.

Where can I find SLNHP SEC filings?

Official SEC filings for Soluna Holdings, Inc (CIK: 0000064463) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is SLNHP's EPS?

Soluna Holdings, Inc has a diluted EPS of $-2.38.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is SLNHP a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Soluna Holdings, Inc has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is SLNHP stock overvalued or undervalued?

Valuation metrics for SLNHP: ROE of -99.7% (sector avg: 12%), net margin of -179.7% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy SLNHP stock in 2026?

Our dual AI analysis gives Soluna Holdings, Inc a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is SLNHP's free cash flow?

Soluna Holdings, Inc's operating cash flow is $-9.1M, with capital expenditures of $28.1M. FCF margin is -125.2%.

How does SLNHP compare to other Finance stocks?

Vs Finance sector averages: Net margin -179.7% (avg: 25%), ROE -99.7% (avg: 12%), current ratio 1.87 (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 16, 2026 | Data as of: 2025-12-31 | Powered by Claude AI