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SOLUNA HOLDINGS INC (SLNH) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:SLNH - US5835433013 - Common Stock

1.54 USD
-0.03 (-1.91%)
Last: 11/26/2025, 8:03:44 PM
1.55 USD
+0.01 (+0.65%)
After Hours: 11/26/2025, 8:03:44 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SLNH. SLNH was compared to 280 industry peers in the Software industry. SLNH has a bad profitability rating. Also its financial health evaluation is rather negative. SLNH is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year SLNH has reported negative net income.
SLNH had a negative operating cash flow in the past year.
In the past 5 years SLNH reported 4 times negative net income.
In multiple years SLNH reported negative operating cash flow during the last 5 years.
SLNH Yearly Net Income VS EBIT VS OCF VS FCFSLNH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20M -40M -60M -80M

1.2 Ratios

With a Return On Assets value of -51.90%, SLNH is not doing good in the industry: 85.36% of the companies in the same industry are doing better.
SLNH has a Return On Equity of -545.27%. This is amonst the worse of the industry: SLNH underperforms 85.71% of its industry peers.
Industry RankSector Rank
ROA -51.9%
ROE -545.27%
ROIC N/A
ROA(3y)-73.36%
ROA(5y)-40.37%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SLNH Yearly ROA, ROE, ROICSLNH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200 400

1.3 Margins

The Profit Margin and Operating Margin and Gross Margin are not available for SLNH so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
SLNH Yearly Profit, Operating, Gross MarginsSLNH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 -200

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1

2. Health

2.1 Basic Checks

SLNH does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, SLNH has more shares outstanding
Compared to 5 years ago, SLNH has more shares outstanding
Compared to 1 year ago, SLNH has a worse debt to assets ratio.
SLNH Yearly Shares OutstandingSLNH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2M 4M 6M 8M 10M
SLNH Yearly Total Debt VS Total AssetsSLNH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

Based on the Altman-Z score of -3.10, we must say that SLNH is in the distress zone and has some risk of bankruptcy.
SLNH has a worse Altman-Z score (-3.10) than 81.43% of its industry peers.
SLNH has a Debt/Equity ratio of 0.92. This is a neutral value indicating SLNH is somewhat dependend on debt financing.
SLNH has a worse Debt to Equity ratio (0.92) than 73.57% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Altman-Z -3.1
ROIC/WACCN/A
WACC10.74%
SLNH Yearly LT Debt VS Equity VS FCFSLNH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M

2.3 Liquidity

SLNH has a Current Ratio of 1.18. This is a normal value and indicates that SLNH is financially healthy and should not expect problems in meeting its short term obligations.
SLNH has a worse Current ratio (1.18) than 66.43% of its industry peers.
A Quick Ratio of 1.18 indicates that SLNH should not have too much problems paying its short term obligations.
The Quick ratio of SLNH (1.18) is worse than 65.36% of its industry peers.
Industry RankSector Rank
Current Ratio 1.18
Quick Ratio 1.18
SLNH Yearly Current Assets VS Current LiabilitesSLNH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M 40M

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5

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 30.90% over the past year.
The Revenue for SLNH has decreased by -27.81% in the past year. This is quite bad
Measured over the past years, SLNH shows a very strong growth in Revenue. The Revenue has been growing by 42.07% on average per year.
EPS 1Y (TTM)30.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4.45%
Revenue 1Y (TTM)-27.81%
Revenue growth 3Y38.37%
Revenue growth 5Y42.07%
Sales Q2Q%11.83%

3.2 Future

SLNH is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 33.85% yearly.
SLNH is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.85% yearly.
EPS Next Y76.23%
EPS Next 2Y33.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-13.88%
Revenue Next 2Y10.85%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
SLNH Yearly Revenue VS EstimatesSLNH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 10M 20M 30M 40M
SLNH Yearly EPS VS EstimatesSLNH Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 -0.5 -1 -1.5 -2

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1

4. Valuation

4.1 Price/Earnings Ratio

SLNH reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year SLNH is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SLNH Price Earnings VS Forward Price EarningsSLNH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
SLNH Per share dataSLNH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -2 -4 -6

4.3 Compensation for Growth

A more expensive valuation may be justified as SLNH's earnings are expected to grow with 33.85% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y33.85%
EPS Next 3YN/A

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0

5. Dividend

5.1 Amount

SLNH does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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SOLUNA HOLDINGS INC

NASDAQ:SLNH (11/26/2025, 8:03:44 PM)

After market: 1.55 +0.01 (+0.65%)

1.54

-0.03 (-1.91%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-14 2025-11-14/amc
Earnings (Next)03-30 2026-03-30
Inst Owners4.95%
Inst Owner Change540.05%
Ins Owners19.49%
Ins Owner Change60.84%
Market Cap112.96M
Revenue(TTM)28.78M
Net Income(TTM)-78.91M
Analysts43.33
Price TargetN/A
Short Float %4.27%
Short Ratio0.13
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)0%
EPS NQ rev (3m)27.06%
EPS NY rev (1m)0%
EPS NY rev (3m)23.95%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-8.77%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-8.55%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 3.92
P/FCF N/A
P/OCF N/A
P/B 7.81
P/tB 29.12
EV/EBITDA N/A
EPS(TTM)-6.15
EYN/A
EPS(NY)-2.1
Fwd EYN/A
FCF(TTM)-0.38
FCFYN/A
OCF(TTM)-0.07
OCFYN/A
SpS0.39
BVpS0.2
TBVpS0.05
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -51.9%
ROE -545.27%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM N/A
FCFM N/A
ROA(3y)-73.36%
ROA(5y)-40.37%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score2
Asset Turnover0.19
Health
Industry RankSector Rank
Debt/Equity 0.92
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 141.39%
Cap/Sales 77.99%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.18
Quick Ratio 1.18
Altman-Z -3.1
F-Score2
WACC10.74%
ROIC/WACCN/A
Cap/Depr(3y)126.88%
Cap/Depr(5y)534.63%
Cap/Sales(3y)102.76%
Cap/Sales(5y)154.66%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)30.9%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%4.45%
EPS Next Y76.23%
EPS Next 2Y33.85%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-27.81%
Revenue growth 3Y38.37%
Revenue growth 5Y42.07%
Sales Q2Q%11.83%
Revenue Next Year-13.88%
Revenue Next 2Y10.85%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-95.69%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-39.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y4.89%
OCF growth 3YN/A
OCF growth 5YN/A

SOLUNA HOLDINGS INC / SLNH FAQ

Can you provide the ChartMill fundamental rating for SOLUNA HOLDINGS INC?

ChartMill assigns a fundamental rating of 2 / 10 to SLNH.


What is the valuation status for SLNH stock?

ChartMill assigns a valuation rating of 1 / 10 to SOLUNA HOLDINGS INC (SLNH). This can be considered as Overvalued.


Can you provide the profitability details for SOLUNA HOLDINGS INC?

SOLUNA HOLDINGS INC (SLNH) has a profitability rating of 0 / 10.


What is the financial health of SOLUNA HOLDINGS INC (SLNH) stock?

The financial health rating of SOLUNA HOLDINGS INC (SLNH) is 1 / 10.


What is the expected EPS growth for SOLUNA HOLDINGS INC (SLNH) stock?

The Earnings per Share (EPS) of SOLUNA HOLDINGS INC (SLNH) is expected to grow by 76.23% in the next year.