Soluna Holdings Pref Share SLNHP 9 Perp 08/23/26 | 8-K: FY2025 Q3 Revenue: USD 8.415 M

Revenue: As of FY2025 Q3, the actual value is USD 8.415 M.

EPS: As of FY2025 Q3, the actual value is USD -1.14.

EBIT: As of FY2025 Q3, the actual value is USD -6.568 M.

Segment Revenue

• Cryptocurrency Mining Revenue: $2,769 thousand for Q3 2025, compared to $2,811 thousand for Q3 2024.
• Data Hosting Revenue: $5,257 thousand for Q3 2025, compared to $4,271 thousand for Q3 2024.
• Demand Response Service Revenue: $389 thousand for Q3 2025, compared to $443 thousand for Q3 2024.

Operational Metrics

• Gross Profit: Increased to 28% in Q3 2025 from 19% in Q2 2025.
• Net Loss: Increased by - $17.7 million from Q3 2024 to Q3 2025, driven by fair value adjustment of exercised warrants and other financing expenses.
• Adjusted EBITDA: Decreased to - $6.4 million in Q3 2025 from - $3.482 million in Q3 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was - $3.479 million for the nine months ended September 30, 2025.

Unique Metrics

• Record Level Cash Reserves: Cash increased by $45 million to $60.5 million in Q3 2025.
• Capital Raised: Over $64 million gross raised in Q3 2025 from a mix of public market and project-level equity and debt sources.

Outlook / Guidance

• Soluna Holdings, Inc. plans to accelerate the growth of its existing business and expand into the fast-growing AI market.
• The company has strengthened its capital structure to be more flexible and growth-oriented.
• Soluna aims to surpass 1 gigawatt of clean computing projects and continue its long-term roadmap towards 2.8 gigawatts.