SL
SLNH.O
—
NASDAQ
IT Services & Consulting
Soluna Holdings Inc
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
146,3M USD
P/E
—
EV / Rev
—
Div yield
—
Op margin
-77,5 %
ROE
-99,7 %
Net margin
-179,7 %
Debt / equity
0,54
Beta
—
52w range
—
Volume
4,3k
Day range
—
Prev close
$1,83
Open
—
Next earnings
2026-07-28
Ex-dividend
—
TR 1Y
—
About
Soluna Holdings Inc provides IT services and consulting, primarily focused on delivering software solutions and related services to clients in the technology sector.
Business. Soluna Holdings Inc (SLNH.O) is a technology company operating in the IT Services & Consulting industry, providing IT services to clients. The firm generates revenue through a service-based model, with key performance indicators including bookings, utilization rates, and attrition. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryIT Services & Consulting
ActivityIT Services
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target5,00
Analyst recommendations
1 analysts · consensus BuyBuy1
Hold0
Sell0
12-month price target
5,00
Consensus of sell-side coverage.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,2 %+1,6 %+2,4 %
Energy+1,2 %+5,3 %+1,4 %
Real Estate+0,7 %+4,1 %+0,8 %
Health Care+0,6 %−0,5 %+0,8 %
Consumer Discretionary+0,3 %+8,7 %+0,5 %
Information Technology · THIS SECTOR−0,3 %+6,5 %−0,1 %
Financials−0,3 %−4,5 %−0,1 %
Consumer Staples−1,0 %+3,0 %−0,8 %
Utilities−1,5 %−21,2 %−1,3 %
Industrials−1,7 %−2,3 %−1,6 %
Communication Services———
Developing storylines
No tracked sagas currently linked to SLNH.O. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-07-07
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ2 2026 earnings (expected)2026-07-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Composite score32 / 100
Composite score 0-100 · Data quality 0,58
Data quality0,58 / 1.00
Synthesis
Business
Soluna Holdings Inc (SLNH.O) is a technology company operating in the IT Services & Consulting industry, providing IT services to clients. The firm generates revenue through a service-based model, with key performance indicators including bookings, utilization rates, and attrition. Specific details regarding operating segments, headquarters location, and primary stock exchange listings are not available in the provided data.
Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryIT Services & Consulting
ActivityIT Services
AI synthesis
GENERATEDSoluna Holdings Inc has a market capitalization of $173.69 million and a price-to-book ratio of 3.24, indicating that the market values the company at a premium to its book value. The company's liquidity position is assessed as medium, with a current ratio of 1.87, suggesting it has sufficient short-term assets to cover its short-term liabilities, but not in excess.
The company's profitability is weak, with a net loss of $53.41 million and an operating loss of $23.02 million. Its return on equity is -99.74%, and return on assets is -28.42%, both significantly below the industry median for IT Services & Consulting. These metrics indicate that the company is not generating returns for its shareholders or effectively utilizing its assets.
Geographically and segment-wise, the company's exposure is not disclosed in the available data. However, the lack of segment-specific information limits the ability to assess the diversification of its revenue streams. The company's revenue concentration is not specified, but the absence of detailed segment data suggests a potential risk of over-reliance on a single business line or geographic region.
The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the available data. The operating cash flow is negative at -$9.15 million, and free cash flow is -$68.63 million, indicating that the company is not generating positive cash from operations and is using significant amounts of cash to fund its operations and capital expenditures.
The risk assessment highlights a medium liquidity risk and a low dilution risk. The company has a debt-to-equity ratio of 0.54, suggesting a moderate level of leverage. However, the negative net cash position after subtracting total debt is a key flag, indicating potential liquidity constraints. The dilution risk is low, with no significant dilution potential identified in the basic shares outstanding.
Recent events and filings do not provide specific details on new developments or strategic initiatives. The company's financial performance and cash flow position suggest a need for careful monitoring of its liquidity and profitability. Analysts have provided a mean price target of $5.00, with a mean recommendation of 2.00, indicating a cautious outlook.
Key takeaways
- Soluna Holdings Inc is valued at a premium to its book value, with a price-to-book ratio of 3.24.
- The company is experiencing significant losses, with a net loss of $53.41 million and an operating loss of $23.02 million.
- The company's liquidity position is medium, with a current ratio of 1.87, but it has a negative net cash position after subtracting total debt.
- Analysts have provided a mean price target of $5.00, with a mean recommendation of 2.00, indicating a cautious outlook.
- The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the available data.
Bull / Bear case
Generated · model-assisted— missing data
In focus — financials by report
Valuation
Market price
$1,28
Market cap
$173.7M
Enterprise valueⓘ
$202.7M
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
3.2x
P / Tangible bookⓘ
3.2x
Tangible book
$53.5M
Net cashⓘ
-$29.0M
Current ratioⓘ
1.9
Debt / equityⓘ
0.5
ROAⓘ
-28.4%
ROEⓘ
-99.7%
Cash conversionⓘ
17.0%
CapEx / revenueⓘ
-94.9%
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Data Center Hosting57,2 %
disclosed · sec_xbrl · 2024-02-28
Business relationships
Business relationships31 disclosed relationships · 1 type · extracted from filings & disclosures
Subsidiaries31
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EX21:f07e559c94f0EX21:f07e559c94f0Subsidiarie97%Source ↗
Supply chain
— missing data
Peer comparison
Peer comparison8 peers · vs SLNH · multiples and returns
AC
ACN—
Accenture PLC
$137,45
86,9B USDP/E
10,5x
— vs self
Div yield
4,3 %
— vs self
ROE
25,0 %
+124,7 vs self
IB
IBM—
Intl Business Machines Corp
$39,71
347,6B USDP/E
180,7x
— vs self
Div yield
2,9 %
— vs self
ROE
7,6 %
+107,4 vs self
IN
INGM—
INGRAM MICRO INC.
$28,45
6,6B USDP/E
17,8x
— vs self
Div yield
1,2 %
— vs self
ROE
7,7 %
+107,5 vs self
CR
CRM—
Salesforce Inc
$166,64
145,1B USDP/E
62,1x
— vs self
Div yield
—
— vs self
ROE
6,2 %
+105,9 vs self
CT
CTSH—
Cognizant Tech Solutions
$41,44
19,6B USDP/E
44,3x
— vs self
Div yield
2,5 %
— vs self
ROE
4,1 %
+103,8 vs self
AD
ADP—
Automatic Data Processing, Inc.
$239,51
95,9B USDP/E
102,5x
— vs self
Div yield
3,2 %
— vs self
ROE
18,2 %
+118,0 vs self
IN
INFY—
Infosys Ltd
$11,90
48,2B USDP/E
0,7x
— vs self
Div yield
4,2 %
— vs self
ROE
7,7 %
+107,4 vs self
LD
LDOS—
LEIDOS, INC.
$121,69
15,3B USDP/E
10,7x
— vs self
Div yield
1,2 %
— vs self
ROE
29,4 %
+129,2 vs self
Market position
Stress test
— missing data
Predictor forecast
Next quarternear-term
Earnings · next quarterconf 33 %
EPS
Consensus EPS
-0,46
Predicted surprise
-0,03
Beat probability
33 %
Analysts
1
Other metrics
Revenue
—
no estimate
Segment revenue
—
no estimate
Margin
—
no estimate
Segment margin
—
no estimate
as of 2026-05-10 · Earnings Surprise V1
Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
Full fiscal year~1 year ahead
Full fiscal year · our forecast vs guidance vs consensus
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | -0,46 |
| Revenue | —no estimate | —no estimate | 45,4M USD |
| Operating income | —no estimate | —no estimate | -41,3M USD |
Full-year consensus mean (period as reported by source) · consensus in USD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
Probabilistic model output — not investment advice. · generated 2026-07-07
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution1 analysts
Strong buy0
Buy1
Hold0
Sell0
Strong sell0
12-month price target$5,00 · Median $5,00
Low $5,00High $5,00
Operating income · consensus-41,3M USD
EPS surprise
−417,4 %
reported vs consensus · miss
Revenue surprise
−34,5 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$5,00
Mean$5,00
Median$5,00
High$5,00
Spot$1,28
+290.6 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Op Margin-77,5 %Bottom quartile
Net Margin-179,7 %Bottom quartile
ROE-99,7 %Bottom quartile
Capex / Rev-94,9 %Bottom quartile
D/E0,54Bottom quartile
Cash Conv0,17Below median
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
— missing data
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
How metrics are computed
- Return On Equitynet_income / total_equity
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- Market Capmarket_price * shares_outstanding_diluted
- Ev To Revenueenterprise_value / revenue
Source documents
- Soluna Holdings Inc Market data — financials · 2026-05-29
- Soluna Holdings Inc Market data — analyst estimates · 2026-05-29
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2025-12-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Funds · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2024-06-300,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$0M
Leadership
- Michael E. ToporekExecutive Chairman of the Board
Insider activity
Net selling1 buys · 19 sellsnet -$446K12 insiders · last 365d
- Director · 9.0% Series A Cumulative Perpetual Preferred StockSold 3 074 @ $11,00$34K · 2026-06-22
- Director · 9.0% Series A Cumulative Perpetual Preferred StockSold 4 813 @ $11,00$53K · 2026-06-18
- Director · 9.0% Series A Cumulative Perpetual Preferred StockSold 10 113 @ $10,75$109K · 2026-06-17
- Chief Accounting Officer · Common StockSold 4 838 @ $1,70$8K · 2026-06-15
- Chief People Officer · 9.0% Series A Cumulative Perpetual Preferred StockSold 1 071 @ $11,10$12K · 2026-06-11
- Chief Accounting Officer · 9.0% Series A Cumulative Perpetual Preferred StockSold 2 500 @ $10,90$27K · 2026-06-10
- Chief People Officer · 9.0% Series A Cumulative Perpetual Preferred StockSold 5 729 @ $10,80$62K · 2026-06-10
- Chief People Officer · 9.0% Series A Cumulative Perpetual Preferred StockSold 6 600 @ $10,80$71K · 2026-06-08
- Director, Chief Executive Officer · Common StockOther 3 018 802 · 2026-06-01
- Director · Common StockOther 7 310 534 · 2026-06-01
- Director · Common StockOther 726 401 · 2026-06-01
- Director · 9.0% Series A Cumulative Perpetual Preferred StockSold 1 000 @ $10,00$10K · 2026-06-01
- Chief Accounting Officer · Common StockOther 726 401 · 2026-06-01
- Director · Common StockOther 726 401 · 2026-06-01
- Director · Common StockOther 726 401 · 2026-06-01
- Director, Chief Executive Officer · Common StockOther 58 984 @ $1,67$99K · 2026-06-01
- Director · Common StockOther 726 401 · 2026-06-01
- Director · Common StockOther 849 556 · 2026-06-01
- Chief People Officer · Common StockOther 726 401 · 2026-06-01
- Director · Common StockOther 849 556 · 2026-06-01
- Director · Common StockOther 973 307 · 2026-06-01
- Director, Chief Executive Officer · 9.0% Series A Cumulative Perpetual Preferred StockSold 1 000 @ $10,40$10K · 2026-06-01
- Chief Financial Officer · Common StockBought 100 000 @ $1,63$163K · 2026-05-21
- Director, Chief Executive Officer · 9.0% Series A Cumulative Perpetual Preferred StockSold 1 000 @ $7,25$7K · 2026-04-06
- Chief Accounting Officer · Common StockOther 460 000 · 2026-01-01
Short positioning
27.5Mshares short+15.2% vs prior
1.52days to cover
56.4%short of daily vol
251.2Kfails-to-deliver
as of 2026-06-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
SLNH.OCanonical
NASDAQ · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Relationship graph
This companySectorSubsidiaries
Evidence & claims
From filings & derived data- Gross profit (YoY) (2025-12-31 vs 2024-12-31): 107.6%Derived (calculated)
- Debt-to-equity (FY 2025-12-31): 1.41xDerived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): 24.8%Derived (calculated)
- Net income (YoY) (2025-12-31 vs 2024-12-31): 15.7%Derived (calculated)
- EPS (diluted) (YoY) (2025-12-31 vs 2024-12-31): 84.1%Derived (calculated)
- EPS (basic) (YoY) (2025-12-31 vs 2024-12-31): 84.1%Derived (calculated)
- Cost of revenue (YoY) (2025-12-31 vs 2024-12-31): -18.8%Derived (calculated)
- Capex (YoY) (2025-12-31 vs 2024-12-31): 217.0%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 529.1%Derived (calculated)
- Current ratio (FY 2025-12-31): 1.87xDerived (calculated)
- Revenue (YoY) (2025-12-31 vs 2024-12-31): -21.8%Derived (calculated)
- Operating income (YoY) (2025-12-31 vs 2024-12-31): 29.1%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 113.5%Derived (calculated)
- Long-term debt (YoY) (2025-12-31 vs 2024-12-31): 153.5%Derived (calculated)
- Net margin (FY 2025-12-31): -179.7%Derived (calculated)
- Gross margin (FY 2025-12-31): 6.1%Derived (calculated)
- Return on equity (FY 2025-12-31): -99.7%Derived (calculated)
- Return on assets (FY 2025-12-31): -28.4%Derived (calculated)
- Operating cash flow (YoY) (2025-12-31 vs 2024-12-31): -80.5%Derived (calculated)
- Long-term debt (annual): USD 17.9MSEC XBRL filing
- Shares outstanding (annual): 102.53MSEC XBRL filing
- EPS (diluted) (annual): USD-PER-SHARES -2SEC XBRL filing
- EPS (basic) (annual): USD-PER-SHARES -2SEC XBRL filing
- Total assets (annual): USD 187.94MSEC XBRL filing
Showing 24 of 60 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-07-28EVENTUpcomingQ2 2026 earnings (expected) estimated date
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: insider_flow_signal (90d)
2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
2026-06-22INSIDERPhelan William P sold 3.1k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Director ~$34k
2026-06-18INSIDERPhelan William P sold 4.8k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Director ~$53k
2026-06-17INSIDERPhelan William P sold 10.1k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Director ~$109k
2026-06-15 00:00 UTCINSIDER14 insider transactions — 2026-06 · net sell $117k
2026-06-15INSIDERThomas Jessica L. sold 4.8k sh — Chief Accounting Officer ~$8k
2026-06-11INSIDEROReilly Mary Jennifer sold 1.1k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Chief People Officer ~$12k
2026-06-10INSIDERThomas Jessica L. sold 2.5k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Chief Accounting Officer ~$27k
2026-06-10INSIDEROReilly Mary Jennifer sold 5.7k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Chief People Officer ~$62k
2026-06-08INSIDEROReilly Mary Jennifer sold 6.6k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Chief People Officer ~$71k
2026-06-01INSIDERBelizaire John transacted 3.02M sh — Director, Chief Executive Officer
2026-06-01INSIDERTOPOREK MICHAEL transacted 7.31M sh — Director
2026-06-01INSIDERBottomley John transacted 726.4k sh — Director
2026-06-01INSIDERBottomley John sold 1.0k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Director ~$10k
2026-06-01INSIDERThomas Jessica L. transacted 726.4k sh — Chief Accounting Officer
2026-06-01INSIDERLipman Matthew E. transacted 726.4k sh — Director
2026-06-01INSIDERHirshfield Edward R transacted 726.4k sh — Director
2026-06-01INSIDERBelizaire John transacted 59.0k sh — Director, Chief Executive Officer ~$99k
2026-06-01INSIDERHazelip William transacted 726.4k sh — Director
2026-06-01INSIDERMarusak Thomas J transacted 849.6k sh — Director
2026-06-01INSIDEROReilly Mary Jennifer transacted 726.4k sh — Chief People Officer
2026-06-01INSIDERMICHAELS DAVID C transacted 849.6k sh — Director
2026-06-01INSIDERPhelan William P transacted 973.3k sh — Director
2026-06-01INSIDERBelizaire John sold 1.0k sh 9.0% Series A Cumulative Perpetual Preferred Stock — Director, Chief Executive Officer ~$10k
2026-05-21 00:00 UTCINSIDER1 insider transaction — 2026-05 · net buy $163k
2026-05-21INSIDERPICCHI MICHAEL bought 100.0k sh — Chief Financial Officer ~$163k
Showing the 40 most recent of 45 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data
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