Filing Flows › Soluna Holdings (SLNH) › Q2 2026 › vs Q2 2025
Soluna Holdings (SLNH) Q2 2026 vs Q2 2025 (year over year)
Soluna Holdings's revenue rose $8.9M (+145%) from $6.2M in Q2 2025 to $15.1M in Q2 2026. The biggest changes: External Customers +$8.7M (+146%); Demand response service revenue +$160K (+99%).
Soluna Holdings, Q2 2026: revenue $15.1M (+145% year over year), operating margin -112.5%, net loss $22.6M, operating cash flow −$5.2M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Data hosting revenue | $12.7M | $3.1M | $9.5M | +303% |
| Cryptocurrency mining revenue | $1.7M | $2.9M | −$1.1M | -40% |
| Wind energy generation revenue | $366K | $0 | $366K | — |
| External Customers | $14.7M | $6.0M | $8.7M | +146% |
| Demand response service revenue | $321K | $161K | $160K | +99% |
| Revenue | $15.1M | $6.2M | $8.9M | +145% |
| Income tax benefit | $547K | $608K | −$61K | -10% |
| Net loss | $22.6M | $7.8M | $14.8M | +191% |
| Costs & expenses | $38.2M | $14.5M | $23.7M | +163% |
| Operating costs | $32.0M | $12.8M | $19.2M | +150% |
| Interest & other, net | $6.2M | $1.8M | $4.5M | +253% |
| Operating cash sources | $22.6M | $7.8M | $14.8M | +191% |
| Depreciation & amortization | $2.4M | $2.4M | −$3K | -0.1% |
| Share-based compensation | $9.5M | $1.9M | $7.5M | +388% |
| Working capital & other | $5.6M | $2.3M | $3.2M | +138% |
| Cash used in operations | $5.2M | $1.1M | $4.1M | +373% |
| Net loss absorbed | $22.6M | $7.8M | $14.8M | +191% |
Questions
How much did Soluna Holdings's revenue grow year over year in Q2 2026?
Soluna Holdings's revenue rose $8.9M (+145%) from $6.2M in Q2 2025 to $15.1M in Q2 2026.
What drove Soluna Holdings's revenue change in Q2 2026?
External Customers +$8.7M (+146%); Demand response service revenue +$160K (+99%).