SLNH
Soluna Holdings, Inc.
NasdaqCMUSDEQUITY
Financial Services
DELAYED
Last price
1.18
▼ 0.01 (0.76%)
MARKET · —
Price
Open
1.20
Prev close
1.19
Day high
1.27
Day low
1.15
Volume
8.87M
Market cap
$288.62M
P/E (TTM)
—
52W range
0.43 – 5.14
Trailing performance
Returnvs SPY
1W
-9.92%
-8.6%
1M
-10.61%
-14.3%
3M
-32.57%
-35.7%
6M
+31.11%
+20.0%
YTD
+0.85%
-11.4%
1Y
+174.42%
+154.4%
3Y
-83.14%
-157.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$288.62M
Enterprise value$269.01M
Revenue (TTM)$42.08M
Gross profit$24.63M
EBITDA$-34.44M
Net income$-92.36M
EPS (TTM)$-0.69
Free cash flow$-40.09M
Total cash$113.36M
Total debt$39.30M
Book value / share$0.70
Shares outstanding244.59M
Float186.55M
Short % of float18.89%
Dividend yield—
Beta (5Y)5.12
Valuation & profitability ratios
Trailing P/E—
Forward P/E-5.13
PEG ratio—
Price / sales—
Price / book1.70
EV / revenue6.39
EV / EBITDA-7.81
Gross margin58.53%
Operating margin-112.04%
Profit margin-182.16%
Return on equity-68.36%
Return on assets-17.31%
Debt / equity18.56
Current ratio2.06
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2007 | 2006 |
|---|---|---|---|---|
| Total revenue | $29.72M | $0 | $10.58M | $8.16M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $0 | -$63.33M | $0 | $0 |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2007 | 2006 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2007 | 2006 |
|---|---|---|---|---|
| Net income | $0 | -$63.33M | $0 | $0 |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | -0.11 | -0.13 | -14.8% |
| Mar 2026 | — | -0.24 | — |
| Dec 2025 | -0.20 | — | — |
| Sep 2025 | -0.61 | -0.42 | +30.7% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | -0.06 | 1 | $17.90M | +112.7% |
| Next quarter | -0.06 | 1 | $19.50M | +111.8% |
| Current year | -0.41 | 1 | $61.80M | +108.0% |
| Next year | -0.23 | 1 | $79.80M | +29.1% |
Analyst targets & ownership
Mean target$4.00
High target$4.00
Low target$4.00
Implied upside238.72%
Analyst count1
ConsensusSTRONG BUY
Strong buy / Buy0 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders23.06%
Held by institutions20.89%
Institutions holding133
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
+20.65M
Net buying
Buy transactions
13
20.66M shares
Sell transactions
2
5.84K shares
Net transactions
+15
Buys less sells
Sell : buy shares
0.0 : 1
Mixed
Insider-held shares
56.40M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 15, 26 | THOMAS JESSICA L Officer |
SELL | 4.84K | $8.22K | Direct |
| Jun 1, 26 | THOMAS JESSICA L Officer |
STOCK | 726.40K | $0 | Direct |
| Jun 1, 26 | HAZELIP WILLIAM Director |
STOCK | 726.40K | $0 | Direct |
| Jun 1, 26 | OREILLY MARY JENNIFER Officer |
STOCK | 726.40K | $0 | Direct |
| Jun 1, 26 | BELIZAIRE JOHN Chief Executive Officer |
STOCK | 3.02M | $0 | Direct |
| Jun 1, 26 | BOTTOMLEY JOHN Director |
STOCK | 726.40K | $0 | Direct |
| Jun 1, 26 | PHELAN WILLIAM P Director |
STOCK | 973.31K | $0 | Direct |
| Jun 1, 26 | MICHAELS DAVID C. Director |
STOCK | 849.56K | $0 | Direct |
| Jun 1, 26 | TOPOREK MICHAEL M Director |
STOCK | 7.31M | $0 | Direct |
| Jun 1, 26 | MARUSAK THOMAS J Director |
STOCK | 849.56K | $0 | Direct |
| Jun 1, 26 | LIPMAN MATTHEW E Director |
STOCK | 726.40K | $0 | Direct |
| Jun 1, 26 | HIRSHFIELD EDWARD R Director |
STOCK | 726.40K | $0 | Direct |
| May 21, 26 | PICCHI MICHAEL D Chief Financial Officer |
BUY | 100.00K | $163.20K | Direct |
| Apr 6, 26 | BELIZAIRE JOHN Chief Executive Officer |
SELL | 1.00K | $710 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BELIZAIRE JOHN |
Chief Executive Officer | 7.01M | Stock Award(Grant) |
BOTTOMLEY JOHN |
Director | 1.70M | Stock Award(Grant) |
HAZELIP WILLIAM |
Director | 1.70M | Stock Award(Grant) |
HIRSHFIELD EDWARD R |
Director | 1.70M | Stock Award(Grant) |
LIPMAN MATTHEW E |
Director | 1.70M | Stock Award(Grant) |
MARUSAK THOMAS J |
Director | 2.00M | Stock Award(Grant) |
MICHAELS DAVID C. |
Director | 2.03M | Stock Award(Grant) |
OREILLY MARY JENNIFER |
Officer | 1.70M | Stock Award(Grant) |
PHELAN WILLIAM P |
Director | 2.29M | Stock Award(Grant) |
TOPOREK MICHAEL M |
Director | 17.13M | Stock Award(Grant) |
Moving averages & technicals
SMA 10
1.25
-5.53% from price
SMA 20
1.23
-3.87% from price
SMA 50
1.31
-9.88% from price
SMA 100
1.36
-13.09% from price
SMA 200
1.36
-13.43% from price
EMA 12
1.23
-3.82% from price
EMA 26
1.25
-5.43% from price
EMA 50
1.29
-8.45% from price
RSI (14)
44.4
Neutral
MACD (12,26,9)
-0.02
Hist -0.00
ATR (14)
0.11
9.08% of price
Realised vol 30D
95.4%
Annualised
Bollinger upper
1.35
20, 2σ
Bollinger lower
1.11
20, 2σ
50 / 200 cross
Death
1.31 vs 1.36
Trend bias
Below 200
-13.43%
Risk profile
Beta vs SPY
4.30
More volatile than market
Correlation to SPY
0.29
Largely independent
Realised vol 30D
95.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-86.2%
Peak to trough
Max drawdown 5Y
-99.9%
Peak to trough
ATR 14
0.11
9.08% of price
Beta (reported)
5.12
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Headlines
Soluna Holdings Inc (SLNH) (Q2 2026) Earnings Call Highlights: Revenue Surges 145% as AI ...
GuruFocus.com · 5d ago
Hedge fund Alpine Fox trims Cipher and adds Soluna as IREN holding stays flat
Blockspace · 8d ago
Soluna Q2 revenue rises 145% as development pipeline reaches 6.3 GW: Earnings
Blockspace · 8d ago
Soluna Holdings, Inc. Q2 2026 Earnings Call Summary
Moby · 8d ago
Soluna Q2 Earnings Call Highlights
MarketBeat · 9d ago
Soluna raises CEO John Belizaire’s salary to $600,000, sets 100% bonus target
Blockspace · 24d ago
Soluna names former Microsoft executive Ryan Carver chief development officer
Blockspace · 37d ago
Soluna Appoints Microsoft Hyperscale Executive Ryan Carver to Lead Soluna’s AI
Business Wire · 37d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.