Bedrijfsoverzicht
Soluna Holdings, Inc. is a financial services entity operating within the capital markets sector that engages in the mining of cryptocurrency through data centres alongside blockchain operations. The company structures its business activities across three distinct segments, specifically Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services, which defines its operational scope in the digital asset infrastructure space. The total market capitalization stands at $79.08M, while the reported annual revenue for the trailing twelve months amounts to $29.72M; employee headcount data is not available in the provided records. These valuation and revenue figures indicate that Soluna operates as a mid-sized player within the capital markets industry, where the market cap of $79.08M suggests a smaller enterprise relative to large-cap financial institutions, yet the revenue base of $29.72M demonstrates a significant operational footprint in the high-energy cryptocurrency mining and hosting sectors.
Financiële gezondheid
The company reported revenue of $29.72M over the trailing twelve months, yet this revenue generated a net income of -$69,059,000 and an EBITDA of -$17,324,000, revealing a substantial gap between top-line sales and bottom-line profitability that points to a highly volatile cost structure involving high energy and operational expenditures. Free cash flow stands at -$30,878,000, indicating that current operational cash generation is insufficient to cover capital expenditures, which limits immediate financial flexibility and suggests reliance on existing cash reserves or external financing to fund ongoing operations. Gross margin is calculated at 69.3%, which reflects the high value of the core mining and hosting services before accounting for significant operating expenses, whereas the operating margin of -131.4% and profit margin of -179.7% demonstrate that operating costs and other expenses severely erode profitability, resulting in negative returns on capital deployed. The balance sheet holds $76.42M in cash against $29.27M in debt, resulting in a debt-to-equity ratio of 26.07, which implies a leveraged position despite the high absolute cash balance, as the ratio is driven by the equity base rather than absolute debt levels. The current ratio is 1.87, indicating that the company possesses sufficient liquid assets to cover its short-term obligations without immediate distress. Return on Equity is -81.6% and Return on Assets is -15.2%, metrics that reveal management is currently unable to generate positive returns on the shareholders' equity or the total asset base, highlighting the challenges in profitability within the current fiscal period.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio is not available due to the negative net income, while the forward P/E ratio is listed at -1.54, a metric that is often used when earnings are negative to project future valuation multiples based on anticipated earnings recovery or growth. The price-to-book ratio stands at 1.33, indicating that the market values the company's equity at a 33% premium over its book value, suggesting investors are pricing in potential future growth or asset value appreciation despite current losses. The price-to-sales ratio is 2.66 and the EV/EBITDA is -5.16, which suggests that valuation is being driven primarily by revenue multiples rather than earnings power, as negative EBITDA renders traditional multiple comparisons less relevant for assessing fundamental value. The stock has traded between a 52-week high of $5.14 and a 52-week low of $0.42, providing a wide trading range that reflects high investor sentiment volatility within the cryptocurrency sector. The beta value is 4.28, which signifies that the stock price is extremely volatile and fluctuates at more than four times the magnitude of the broader market index.
Growth & Income
Revenue growth for the year over year is 11.3%, while earnings growth is not applicable due to the negative earnings situation; this disparity implies that revenue expansion is occurring without a corresponding improvement in profitability, likely due to lagging cost reductions or increasing operational burn rates. The company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, which confirms that the firm retains all earnings, although in this specific period, retained earnings are negative. Instead of distributing income to shareholders, the company reinvests its operational focus into expanding its cryptocurrency mining capacity and data center infrastructure to drive future revenue scalability. The overall growth and income profile is characterized by strong top-line expansion of 11.3% coupled with a complete absence of dividend income and significant negative earnings growth, creating a high-risk, high-volatility investment scenario driven entirely by operational scaling in the digital asset space.