Quarterly ResultMay 15, 2026, 04:10 PM
Soluna Holdings Q1 Revenue $9.39M (+58%); Net Loss $(17.9M); EPS $(0.24)
AI Summary
Soluna Holdings, Inc. reported a significant increase in total revenue for Q1 2026, reaching $9.39 million, up 58% year-over-year, primarily driven by a 178.4% surge in data hosting revenue to $6.69 million. Despite this revenue growth, the company's net loss widened to $17.90 million from $7.35 million in Q1 2025, though basic and diluted loss per share improved to $(0.24) from $(1.21) due to increased shares outstanding. Subsequent to the quarter, Soluna acquired 100% of the Briscoe Wind Farm, a 150 MW capacity wind generation project, and the remaining 85.4% Class B membership interest in Project Dorothy 1A.
Key Highlights
- Total revenue increased 58% to $9.39 million for Q1 2026.
- Data hosting revenue surged 178.4% to $6.69 million in Q1 2026.
- Net loss widened to $(17.90) million in Q1 2026 from $(7.35) million in Q1 2025.
- Basic and diluted loss per share improved to $(0.24) from $(1.21) year-over-year.
- Net cash used in operating activities increased to $(6.37) million.
- Acquired 100% of Briscoe Wind Farm (150 MW capacity) on April 1, 2026.
- Acquired remaining 85.4% Class B interest in Project Dorothy 1A post-quarter.
Price Impact
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