Filing Flows › Soluna Holdings (SLNH) › Q4 2024
Soluna Holdings (SLNH) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Soluna Holdings (SLNH) reported revenue of $8.3M for the fourth quarter 2024 (Q4 2024), -18% from a year earlier and +10% from the quarter before. Operating margin was -426.0%, net loss $38.5M (465.6% of revenue).
Soluna Holdings, Q4 2024: revenue $8.3M (-18% year over year), operating margin -426.0%, net loss $38.5M, operating cash flow −$1.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3M | +10% | -18% |
| Operating profit | −$35.2M | — | — |
| Net earnings | −$38.5M | — | — |
| Operating cash flow | −$1.7M | — | — |
What changed
Revenue was $8.3M in Q4 2024, down 18% year over year and up 10% from the previous quarter. Data Hosting Revenue was the largest line at 53% of revenue.
Operating costs exceeded revenue by $35.2M, an operating margin of -426.0%. Total costs grew 247% against a revenue fall of 18%. The fastest-growing cost line was Other operating costs (+18112%). The quarter ended with a net loss of $38.5M, wider than the previous quarter's $8.1M loss.
Operating cash flow was −$1.7M. Non-cash charges added back $2.4M of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items added $32.4M. Capital expenditures of $5.1M exceeded it, leaving free cash flow of −$6.8M.
Questions
What was Soluna Holdings' revenue in the fourth quarter 2024?
Soluna Holdings (SLNH) reported revenue of $8.3M for the fourth quarter 2024 (Q4 2024), -18% from a year earlier and +10% from the quarter before.
Was Soluna Holdings profitable in the fourth quarter 2024?
Operating loss was $35.2M (-426.0% of revenue) and net loss $38.5M.
Source: Soluna Holdings 10-K on SEC EDGAR.