Soluna Holdings 2025 Q2 Earnings Narrowed Losses, Revenue Slump

Soluna Holdings (SLNH) reported its fiscal 2025 Q2 earnings on August 14, 2025. The results showed a significant reduction in losses, although revenue declined sharply. The company narrowed its per-share loss to $0.69 from $2.97 a year earlier, with total net loss improving by 14.9% to $7.78 million. Despite these improvements, the company remains unprofitable for the sixth consecutive year.

Revenue for Soluna Holdings fell 36.4% year-over-year to $6.16 million, driven by lower demand for its core services. Cryptocurrency mining revenue dropped to $2.86 million, while data hosting accounted for $3.14 million. Demand response services generated $161,000, and there was no revenue from depreciation. These figures reflect ongoing challenges in the crypto and energy markets.

The earnings/losses performance indicates a positive, albeit modest, improvement in the company’s financial health. However, the continued net losses highlight structural challenges in achieving profitability.

The post-earnings price action was mixed and volatile. A strategy of buying SLNH when revenue beat expectations and holding for 30 days resulted in a disastrous -99.77% return, significantly underperforming the benchmark by 141.85%. The strategy showed high risk with a Sharpe ratio of -0.56, indicating poor risk-adjusted returns and extreme volatility.

Nate Finlay, CEO of Soluna, reiterated the company’s commitment to innovation in energy solutions and the growing demand for its battery systems. He emphasized the need for continued R&D investment and global expansion. While the company remains unprofitable, it is focused on long-term value creation through product development and cost discipline.

Soluna expects to maintain a disciplined approach to capital allocation and R&D in 2025, with a focus on improving battery efficiency and expanding international markets. While no specific revenue or EPS guidance was provided, the company remains committed to operational improvements and long-term growth.

Additional News

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