Jun 2026 (Q2 FY26) — Aug 13, 2026
Soluna Q2 FY26 — AI Campus Development and Pipeline Expansion
Read the full callSoluna (SLNH) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Soluna earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 15.1 | +144.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -112.5 | −4.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -20.7 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$0.75 +4.17% · +$0.03
Performance −73.1% 1Y
1Y: $2.79 on 14 Oct 2025 → $0.75. High $4.42 (17 Oct 2025), low $0.61 (30 Mar 2026).
- Previous close
- $0.72
- 52-week range
- $0.61 – $4.42
- One year
- −82.52%
Overview
- Symbol
- SLNH
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Soluna earnings calls (SLNH)
Financials
What the filings say
Net profit, year on year: −181% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 8 | 8 | 6 | 6 | 8 | 9 | 9 | 15 |
| Operating profit | -9 | -35 | -7 | -7 | -8 | -12 | -17 | -17 |
| Operating margin | −119.8% | −426.0% | −120.9% | −107.6% | −92.5% | −131.4% | −177.0% | −112.5% |
| Interest | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 3 |
| Profit before tax | -9 | -39 | -8 | -8 | -26 | -17 | -19 | -23 |
| Tax rate | 6.3% | 1.9% | 5.5% | 7.3% | 2.5% | 3.7% | 3.4% | 2.4% |
| Net profit | -7 | -40 | -8 | -7 | -24 | -15 | -17 | -21 |
| EPS ($ per share) | -1.56 | — | -1.21 | -0.93 | -1.14 | — | -0.24 | -0.18 |
| Line item | Dec 2017 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -120 | -120 | -118 | -123 | -222 | -251 | -314 | -368 |
| Total liabilities | 1 | 2 | 3 | 27 | 39 | 38 | 61 | 76 |
| Fixed assets | 0 | 0 | 1 | 45 | 42 | 45 | 47 | 75 |
| Total assets | 6 | 6 | 9 | 118 | 85 | 91 | 88 | 188 |
| Line item | Dec 2017 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | 0 | -1 | 5 | -6 | -3 | -5 | -9 |
| Cash from investing | -0 | -0 | -2 | -57 | -55 | -10 | -13 | -32 |
| Cash from financing | 0 | -3 | 0 | 59 | 43 | 22 | 18 | 119 |
| Net cash flow | — | — | — | — | -18 | 9 | 0 | 78 |
| Capital expenditure | -0 | -0 | -1 | -46 | -64 | -13 | -9 | -28 |
| Free cash flow | 0 | 0 | -2 | -41 | -70 | -16 | -14 | -37 |
Insider filings
44 filings between Nov 21, 2025 and Sep 23, 2026.
Open market
decisions to buy or sellPurchases
$280.2K
5 purchases by 2 insiders
Sales
$146.6K
10 sales by 5 insiders
10% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 24
- Award — granted as compensation
- 5
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| PICCHI MICHAEL | $220.2K | — | Aug 28, 2026 |
| Belizaire John | $60.0K | $20.6K | Aug 26, 2026 |
| MICHAELS DAVID C | — | $54.7K | Dec 12, 2025 |
| Thomas Jessica L. | — | $46.0K | Sep 23, 2026 |
| Phelan William P | — | $15.3K | Sep 3, 2026 |
| Bottomley John | — | $10.0K | Jun 1, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 23, 2026 | Thomas Jessica L. Chief Accounting Officer | Sale | 30,000 | $37.8K |
| Sep 3, 2026 | Phelan William P Director | Sale | 12,037 | $13.5K |
| Sep 1, 2026 | OReilly Mary Jennifer Chief People Officer | Tax withheld | 16,189 | $17.0K |
| Sep 1, 2026 | Thomas Jessica L. Chief Accounting Officer | Tax withheld | 5,343 | $5.6K |
| Aug 28, 2026 | PICCHI MICHAEL Chief Financial Officer | Purchase | 20,000 | $22.6K |
| Aug 26, 2026 | Belizaire John Chief Executive Officer | Purchase | 50,000 | $60.0K |
| Aug 24, 2026 | PICCHI MICHAEL Chief Financial Officer | Purchase | 10,000 | $11.4K |
| Aug 20, 2026 | PICCHI MICHAEL Chief Financial Officer | Purchase | 20,000 | $23.0K |
| Aug 1, 2026 | Carver Ryan Chief Development Officer | Award | 3,200,000 | $0 |
| Jun 15, 2026 | Thomas Jessica L. Chief Accounting Officer | Sale | 4,838 | $8.2K |
| Jun 1, 2026 | Bottomley John Director | Award | 726,401 | $0 |
| Jun 1, 2026 | Thomas Jessica L. Chief Accounting Officer | Award | 726,401 | $0 |
| Jun 1, 2026 | Marusak Thomas J Director | Award | 849,556 | $0 |
| Jun 1, 2026 | Bottomley John Director | Sale | 1,000 | $10.0K |
| Jun 1, 2026 | MICHAELS DAVID C Director | Award | 849,556 | $0 |
| Jun 1, 2026 | Hirshfield Edward R Director | Award | 726,401 | $0 |
| Jun 1, 2026 | Belizaire John Chief Executive Officer | Tax withheld | 58,984 | $98.5K |
| Jun 1, 2026 | Lipman Matthew E. Director | Award | 726,401 | $0 |
| Jun 1, 2026 | Belizaire John Chief Executive Officer | Award | 3,018,802 | $0 |
| Jun 1, 2026 | OReilly Mary Jennifer Chief People Officer | Award | 726,401 | $0 |
| Jun 1, 2026 | TOPOREK MICHAEL Director | Award | 7,310,534 | $0 |
| Jun 1, 2026 | Hazelip William Director | Award | 726,401 | $0 |
| Jun 1, 2026 | Phelan William P Director | Award | 973,307 | $0 |
| May 21, 2026 | PICCHI MICHAEL Chief Financial Officer | Purchase | 100,000 | $163.2K |
| Apr 6, 2026 | Belizaire John Chief Executive Officer | Sale 10b5-1 plan | 1,000 | $7.3K |
| Jan 1, 2026 | Thomas Jessica L. Chief Accounting Officer | Award | 460,000 | $0 |
| Dec 16, 2025 | Phelan William P Director | Sale | 1,300 | $1.8K |
| Dec 12, 2025 | MICHAELS DAVID C Chief Financial Officer | Sale | 1,017 | $2.2K |
| Dec 12, 2025 | MICHAELS DAVID C Chief Financial Officer | Sale | 5,669 | $52.5K |
| Dec 1, 2025 | Thomas Jessica L. Chief Accounting Officer | Tax withheld | 3,412 | $5.6K |
| Dec 1, 2025 | Thomas Jessica L. Chief Accounting Officer | Award | 226,108 | $0 |
| Dec 1, 2025 | Belizaire John Chief Executive Officer | Award | 2,861,788 | $0 |
| Dec 1, 2025 | Belizaire John Chief Executive Officer | Tax withheld | 20,979 | $34.2K |
| Dec 1, 2025 | Hirshfield Edward R Director | Award | 685,074 | $0 |
| Dec 1, 2025 | Hazelip William Director | Award | 685,074 | $0 |
| Dec 1, 2025 | Budzyn Agnieszka Teresa Director | Award | 350,000 | $0 |
| Dec 1, 2025 | Marusak Thomas J Director | Award | 801,222 | $0 |
| Dec 1, 2025 | Lipman Matthew E. Director | Award | 685,074 | $0 |
| Dec 1, 2025 | Phelan William P Director | Award | 917,932 | $0 |
| Dec 1, 2025 | TOPOREK MICHAEL Director | Award | 6,894,614 | $0 |
| Dec 1, 2025 | OReilly Mary Jennifer Chief People Officer | Award | 685,074 | $0 |
| Dec 1, 2025 | MICHAELS DAVID C Chief Financial Officer | Award | 801,222 | $0 |
| Nov 21, 2025 | Belizaire John Chief Executive Officer | Sale | 4,300 | $6.2K |
| Nov 21, 2025 | Belizaire John Chief Executive Officer | Sale | 4,922 | $7.1K |
| Oct 15, 2025 | Budzyn Agnieszka Teresa Director | Award | 135,000 | $0 |
| Sep 1, 2025 | Thomas Jessica L. Chief Accounting Officer | Award | 32,899 | $0 |
| Sep 1, 2025 | MICHAELS DAVID C Chief Financial Officer | Award | 116,579 | $0 |
| Sep 1, 2025 | Marusak Thomas J Director | Award | 116,579 | $0 |
| Sep 1, 2025 | Lipman Matthew E. Director | Award | 99,679 | $0 |
| Sep 1, 2025 | Hirshfield Edward R Director | Award | 33,226 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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