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Marblegate Capital vs Soluna Holdings: MGTE and SLNH compared
Marblegate Capital is the larger company: $16.7M of revenue in its latest quarter (Q2 2026) against $15.1M for Soluna Holdings (Q2 2026). Soluna Holdings is growing faster (+145% against -6% a year earlier). Marblegate Capital is more profitable, with an operating margin of -25.8% against -112.5%.
Where the money goes: MGTE and SLNH
Marblegate Capital (MGTE) · Q2 2026
Marblegate Capital, Q2 2026: revenue $16.7M (-6% year over year), operating margin -25.8%, net loss $4.8M, operating cash flow −$5.2M. The chart follows the revenue to costs, profit and cash.
Soluna Holdings (SLNH) · Q2 2026
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 follows the revenue to costs, profit and cash.
| Marblegate Capital (MGTE) | Soluna Holdings (SLNH) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $16.7M | $15.1M |
| Revenue growth, Y/Y | -6% | +145% |
| Operating margin | -25.8% | -112.5% |
| Net earnings | −$4.8M | −$22.6M |
| Net margin | -28.7% | -150.2% |
| Operating cash flow | −$5.2M | −$5.2M |
Where the revenue comes from
Soluna Holdings
- External Customers: $14.7M (98%)
- Demand response service revenue: $321K (2%)
Questions
Which is bigger, Marblegate Capital or Soluna Holdings?
Marblegate Capital is the larger company: $16.7M of revenue in its latest quarter (Q2 2026) against $15.1M for Soluna Holdings (Q2 2026).
Is Marblegate Capital or Soluna Holdings growing faster?
Soluna Holdings is growing faster (+145% against -6% a year earlier).
Which is more profitable, Marblegate Capital or Soluna Holdings?
Marblegate Capital is more profitable, with an operating margin of -25.8% against -112.5%.
More: Marblegate Capital earnings · how Marblegate Capital makes money · Soluna Holdings earnings · how Soluna Holdings makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.