Soluna Holdings, Inc. (SLNH) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -6.37M | -5.67M | -2.21M | -1.1M | -177K | -1.66M | 61K | -7.32M | 3.85M | 1.42M | -568K | -783K | -3.05M | -997K | -6.84M | 780K | 1.31M | 8.33M | 1.78M | 94K |
| Operating CF Margin % | -67.83% | -61.58% | -26.22% | -17.8% | -2.98% | -20.03% | 0.81% | -75.69% | 30.68% | 14% | -9.8% | -37.86% | -99.06% | -23.83% | -107.39% | 8.99% | 14.07% | 229.1% | 57.01% | 2.84% |
| Operating CF Growth % | -3500% | -242.18% | -3716.39% | 85.03% | -104.6% | -216.94% | 110.74% | -835.25% | 226.11% | 242.13% | 91.7% | -200.38% | -332.88% | -111.97% | -484.22% | 729.79% | 30.84% | 7758.49% | 12.94% | -65.44% |
| Net Income | -17.9M | -16.07M | -23.96M | -7.78M | -7.56M | -40.02M | -8.09M | -9.14M | -2.54M | -6.7M | -6.02M | -9.26M | -7.43M | -27.64M | -63.91M | -6.56M | -8.91M | -3.94M | -935K | -1.39M |
| Depreciation & Amortization | 2.29M | 4.47M | 4.17M | 4M | 3.89M | 3.88M | 3.93M | 3.97M | 3.99M | 3.94M | 3.64M | 2.98M | 3.06M | 5.27M | 8.44M | 7.96M | 6.75M | 3.44M | 201K | 149K |
| Stock-Based Compensation | 10.22M | 4.89M | 0 | 1.94M | 1.85M | 0 | 1.26M | 1.37M | 661K | 603K | 598K | 2.23M | 879K | 926K | 795K | 1.02M | 927K | 568K | 334K | 0 |
| Deferred Taxes | -632K | -623K | -665K | -614K | -437K | -716K | -547K | -711K | -548K | 0 | 570K | -547K | -547K | -44K | -547K | -250K | -547K | 0 | 0 | 0 |
| Other Non-Cash Items | 2.94M | 2.42M | 13.14M | 219K | -78K | 34.7M | -716K | 5.92M | 3.23M | 1.41M | 1.19M | 2.41M | 315K | 18.8M | 51.28M | -2.42M | 2.76M | 2.92M | 189K | 1.2M |
| Working Capital Changes | -3.28M | -759K | 5.11M | 1.13M | 2.15M | 491K | 4.23M | -8.72M | -941K | 2.16M | -552K | 1.4M | 675K | 1.69M | -2.9M | 1.01M | 331K | 5.34M | 1.99M | 132K |
| Change in Receivables | 66K | -1.11M | -1.76M | -285K | 329K | -1.04M | 1.02M | 994K | -1.48M | -1.07M | -628K | -965K | 41K | 1.71M | -1.34M | -363K | 206K | -419K | -81K | -29K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36K | -244K |
| Change in Payables | -2.08M | -8K | 918K | 621K | 481K | -418K | 806K | -77K | 430K | 0 | -145K | -672K | 1.37M | -331K | -998K | 477K | 1.41M | -933K | 2.08M | 358K |
| Cash from Investing | -6.22M | -13.72M | 447K | -4.71M | -3.64M | 4.17M | -5.47M | -1.4M | -827K | -213K | -548K | -9.13M | -435K | -1.62M | -2.41M | -13.54M | -28.07M | -39.63M | -15.86M | -6.46M |
| Capital Expenditures | -2.56M | -13.68M | -9.78M | -8.56M | -3.81M | -5.47M | -5.44M | -1.51M | -867K | -171K | -1.72M | -9.95M | -860K | -1.82M | -9.25M | -24.59M | -28.03M | -38.03M | -15.84M | -6.49M |
| CapEx % of Revenue | 27.3% | 148.62% | 116.21% | 138.96% | 64.15% | 66.15% | 72.25% | 15.58% | 6.91% | 1.69% | 29.72% | 481.19% | 27.9% | 43.44% | 145.15% | 283.43% | 300.86% | 1045.96% | 506.91% | 196.28% |
| Acquisitions | 0 | 0 | 10.23M | 0 | 0 | 9.64M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -3.66M | -42K | 0 | 3.85M | 168K | 0 | -31K | 111K | 40K | -42K | 1.18M | 817K | 425K | 198K | 6.84M | 11.05M | -40K | -1.6M | -20K | 22K |
| Cash from Financing | 9.74M | 47.78M | 47.07M | 6.51M | 7.81M | -4.26M | 5.11M | 9.83M | -2M | -890K | 925K | 15.12M | 6.71M | 3.35M | 5.71M | 14.55M | 19.33M | 25.75M | 17.8M | 15.78M |
| Debt Issued (Net) | -1.06M | 12.27M | 30.25M | -1.03M | 3.02M | -2.69M | 899K | 11.93M | -616K | -547K | -310K | 2M | 685K | -3.68M | -32.92M | 8.36M | 18.79M | 0 | 0 | 0 |
| Equity Issued (Net) | 8K | 41.61M | 17.99M | 2.18M | 2M | 2K | 0 | 0 | 0 | 0 | 774K | 2K | 41K | 2.86M | 5M | 10.49M | 1.17M | 7.8M | 20.16M | 15.78M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.72M | -1.38M | -749K | -454K | -176K | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 10.79M | -6.11M | -1.18M | 5.36M | 2.79M | -1.58M | 4.21M | -2.09M | -1.38M | -343K | 461K | 13.11M | 5.99M | 4.18M | 35.35M | -2.91M | 118K | 18.4M | -2.19M | 0 |
| Net Change in Cash | -2.86M | 28.38M | 42.91M | 705K | 4M | -1.75M | -302K | 1.11M | 1.03M | 314K | -191K | 5.2M | 3.23M | 738K | -3.54M | 1.8M | -7.43M | -5.56M | 3.72M | 9.37M |
| Free Cash Flow | -8.94M | -19.39M | -11.98M | -9.69M | -3.98M | -7.12M | -5.41M | -8.86M | 2.94M | 1.25M | -2.3M | -10.75M | -3.94M | -2.78M | -16.13M | -23.85M | -26.76M | -31.27M | -14.05M | -6.39M |
| FCF Margin % | -95.14% | -210.65% | -142.32% | -157.37% | -67.13% | -86.11% | -71.85% | -91.53% | 23.47% | 12.31% | -39.61% | -520.02% | -127.74% | -66.36% | -253.09% | -274.88% | -287.22% | -859.96% | -449.9% | -193.43% |
| FCF Growth % | -124.27% | -172.29% | -121.49% | -9.43% | -235.31% | -671.67% | -135.5% | 17.65% | 174.8% | 144.88% | 85.76% | 54.91% | 85.29% | 91.12% | -14.74% | -273.17% | -76548.57% | -8910.95% | -1010.89% | -9438.81% |
| FCF per Share | -0.11 | -0.67 | -0.44 | -0.65 | -0.33 | -0.67 | -0.70 | -1.94 | 1.05 | 0.50 | -1.63 | -9.55 | -4.55 | -4.23 | -27.43 | -42.44 | -48.23 | -59.58 | -27.66 | -13.64 |
| FCF Conversion (FCF/Net Income) | 0.36x | 0.39x | 0.09x | 0.15x | 0.02x | 0.04x | -0.01x | 0.67x | -0.73x | -0.21x | 0.09x | 0.09x | 0.43x | 0.04x | 0.12x | -0.12x | -0.15x | -2.97x | -2.92x | -0.08x |
| Interest Paid | 0 | 0 | 0 | 400K | 0 | 0 | 15K | 31K | 172K | 260K | 561K | 0 | 6K | 163K | 409K | 425K | 345K | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |