Soluna Holdings, Inc
For the period ended Dec 31, 2025. Filed Mar 30, 2026.
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FY2025 · Filed Mar 30, 2026
SLNH$0.52-4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
As of December 31, 2025 and December 31, 2024
| (Dollars in thousands, except per share) | December 31, 2025 | December 31, 2024 |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash | $76,423 | $7,843 |
| Restricted cash | 4,500 | 1,150 |
| Accounts receivable, net (allowance for expected credit losses $244 as of December 31, 2025 and December 31, 2024) | 5,522 | 2,693 |
| Loan commitment assets | 3,018 | — |
| Prepaid expenses and other current assets | 2,664 | 1,781 |
| Equipment held for sale | — | 28 |
| Total Current Assets | 92,127 | 13,495 |
| Restricted cash, noncurrent | 7,920 | 1,460 |
| Other assets | 978 | 2,724 |
| Deposits and credits on equipment | 1,377 | 5,145 |
| Property, plant and equipment, net | 74,783 | 47,283 |
| Intangible assets, net | 8,261 | 17,620 |
| Operating lease right-of-use assets | 252 | 313 |
| Financing lease right-of-use assets | 2,246 | — |
| Total Assets | $187,944 | $88,040 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $4,859 | $2,840 |
| Accrued liabilities | 13,182 | 6,785 |
| Accrued interest | 303 | 2,275 |
| Contract liability | 19,348 | 20,015 |
| Current portion of debt | 8,858 | 14,444 |
| Income tax payable | 123 | 37 |
| Customer deposits-current | 1,913 | 1,416 |
| Deferred revenue | 518 | — |
| Operating lease liability | 65 | 61 |
| Financing lease liability | 20 | — |
| Total Current Liabilities | 49,189 | 47,873 |
| Other liabilities | 743 | 235 |
| Customer deposits- long-term | 2,533 | - |
| Long-term debt | 17,899 | 7,061 |
| Operating lease liability | 187 | 252 |
| Financing lease liability | 2,236 | — |
| Deferred tax liability, net | 2,911 | 5,257 |
| Total Liabilities | 75,698 | 60,678 |
| Commitments and Contingencies (Note 13) | ||
| Mezzanine equity: | ||
| Placement agent warrants | 1,313 | — |
| Stockholders’ Equity: | ||
| 9.00% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, $25.00 liquidation preference; authorized 6,040,000; 4,928,545 and 4,953,545 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 5 | 5 |
| Series B Preferred Stock, par value $0.0001 per share, authorized 187,500; 62,500 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | — | — |
| Common stock, par value $0.001 per share, authorized 375,000,000; 102,617,684 shares issued and 102,531,089 shares outstanding as of December 31, 2025 and 10,647,761 shares issued and 10,607,020 shares outstanding as of December 31, 2024 | 103 | 11 |
| Additional paid-in capital | 435,030 | 315,607 |
| Accumulated deficit | (367,715) | (314,304) |
| Common stock in treasury, at cost, 86,595 shares at December 31, 2025 and 40,741 shares at December 31, 2024 | (13,873) | (13,798) |
| Total Soluna Holdings, Inc. Stockholders’ Equity (Deficit) | 53,550 | (12,479) |
| Non-Controlling Interest | 57,383 | 39,841 |
| Total Stockholders’ Equity | 110,933 | 27,362 |
| Total Liabilities, Mezzanine Equity, and Stockholders’ Equity | $187,944 | $88,040 |
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