What is the 13F Pro Quality Score for SLNH?

13F Pro ranks Soluna Holdings, Inc (SLNH) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View SLNH's current score at https://13fpro.ai/research/SLNH (free sign-up required for the full ranking).

Which hedge funds own the most SLNH stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of SLNH include GEODE CAPITAL MANAGEMENT,, UBS Group AG, RENAISSANCE TECHNOLOGIES. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/SLNH as soon as new 13F filings post.

Where does 13F Pro source SLNH data?

All Soluna Holdings, Inc fundamentals and ownership data come directly from SEC EDGAR. Soluna Holdings, Inc files with the SEC under CIK 64463. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is SLNH in?

Soluna Holdings, Inc (SLNH) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is SLNH research updated on 13F Pro?

SLNH's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Soluna Holdings, Inc(SLNH)Stock Analysis

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13F Pro Quality Score

20.8/100

Rank #2,668 of 2,879 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

71.2/100

Profitability

5.5/100

Balance Sheet

7.5/100

Earnings Quality

30.0/100

Free Cash Flow

7.0/100

Institutional Flow

7.5/100

Revenue Scale

7.2/100

Dilution Risk

6.9/100

SLNH Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Soluna Holdings, Inc (SLNH), a Financials sector company. 13F Pro's AI-powered ranking engine scores SLNH at 20.8/100 on a 32-signal composite quality model, placing it at rank #2,668 of 2,879 stocks — the bottom half of the AI-ranked universe. Areas of concern include profitability (5.5) and free cash flow (7.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 6.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Soluna Holdings, Inc reports quarterly revenue of $9.4M, net income of $-17.5M, free cash flow of $-8.9M. Top institutional holders of SLNH by reported 13-F value include GEODE CAPITAL MANAGEMENT,, UBS Group AG, RENAISSANCE TECHNOLOGIES, based on the most recent SEC filings. SLNH trades on the Nasdaq exchange and files with the SEC under CIK 64463. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate SLNH daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Soluna Holdings, Inc directly from SEC EDGAR. Soluna Holdings, Inc's 13F Pro composite quality score has ranged between 14 and 34 since 2022, currently 20.8 — a declining long-term trajectory across 21 quarterly and live scoring snapshots.

✦

Fun facts about Soluna Holdings, Inc

Quirks, history, and lore behind SLNH — the kind of stuff that makes a stock memorable.

1
The Basics
A small-cap U.S. company operating at the crossroads of clean energy and digital assets, listed on Nasdaq.
2
The Numbers
Revenue is measured in the tens of millions — firmly micro-cap territory — with a history of net losses as it funds an ambitious pivot.
3
The History
The company reinvented itself from a legacy financial-services firm into a renewable energy and cryptocurrency mining hybrid, shedding its old identity entirely.
4
The Secret
Its core thesis: pair stranded or curtailed wind and solar power with energy-hungry Bitcoin mining rigs to monetize electricity that would otherwise go to waste.
5
The Lore
It operates data centers co-located with renewable energy assets and markets itself as a way to make green crypto mining a reality — a pitch that was nearly unheard of when it launched.
6
The Giveaway
Ticker SLNH, the word "luna" baked right into the name — this company wants to be the sustainable energy Bitcoin miner that Wall Street can feel good about.

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Revenue

Q1 2026

$9.4M

Net Income

Q1 2026

$-17.5M

Free Cash Flow

Q1 2026

$-8.9M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-21.8% YoY

$29.7MFY 2025

FY21 $14.3MFY23 $21.1MFY24 $38.0MFY25 $29.7M

Net Income

+15.7% YoY

$-53.4MFY 2025

FY21 $-5.3MFY23 $-29.2MFY24 $-63.3MFY25 $-53.4M

Operating Income

+29.1% YoY

$-33.7MFY 2025

FY21 $-4.5MFY23 $-20.2MFY24 $-47.5MFY25 $-33.7M

EPS (Diluted)

+84.1% YoY

$-2.38FY 2025

FY21 $-0.01FY23 $-27.79FY24 $-14.94FY25 $-2.38

Total Assets

+113.5% YoY

$187.9MFY 2025

FY21 $117.7MFY23 $91.3MFY24 $88.0MFY25 $187.9M

Total Debt

+24.4% YoY

$26.8MFY 2025

FY21 —FY23 —FY24 $21.5MFY25 $26.8M

Op. Cash Flow

-80.5% YoY

$-9.1MFY 2025

FY21 $4.6MFY23 $-3.0MFY24 $-5.1MFY25 $-9.1M

Metric	FY 2025	FY 2024	FY 2023	FY 2021	FY 2019	FY 2018
Revenue	$29.7M -21.8%	$38.0M +80.5%	$21.1M +46.9%	$14.3M +118.3%	$6.6M	—
Net Income	$-53.4M +15.7%	$-63.3M -116.9%	$-29.2M -455.0%	$-5.3M -1728.8%	$323.0K	—
Operating Income	$-33.7M +29.1%	$-47.5M -134.8%	$-20.2M -352.2%	$-4.5M -1828.2%	$259.0K	—
EPS (Diluted)	$-2.38 +84.1%	$-14.94 +46.2%	$-27.79 -188947.6%	$-0.01 -1733.3%	$0.00	—
Total Assets	$187.9M +113.5%	$88.0M -3.5%	$91.3M -22.4%	$117.7M +1946.5%	$5.8M	—
Total Debt	$26.8M +24.4%	$21.5M	—	—	—	—
Operating Cash Flow	$-9.1M -80.5%	$-5.1M -69.7%	$-3.0M -164.4%	$4.6M +1503.8%	$289.0K	—

AI Insight: SLNH Financial Trends

Soluna remains unprofitable with shrinking operating cash flow; equity stabilized but debt nearly tripled since mid-2024.

• Revenue declined 40% from $10M (Q2 2024) to $6M (Q1–Q2 2025), recovered modestly to $9M by Q1 2026 but remains 10% below Q2 2024.

• Operating cash outflow widened to -$6M in Q4 2025 and Q1 2026, vs. breakeven or near-zero in prior four quarters.

• Total debt surged from $7M (Q4 2024) to $27M (Q4 2025), while equity swung from negative (-$19M in Q2 2025) to +$47M (Q1 2026).

⚠ Eight consecutive quarters of net losses; Q4 2024 loss of -$40M signals a one-time charge or impairment event requiring clarification.

⚠ Operating margin remains deeply negative (-189% in Q1 2026); no clear path to profitability or positive operating cash flow visible.

AI Insight: SLNH Ratio Trends

Soluna's profitability and returns have deteriorated sharply; Q1 2026 shows the worst operating margin (-177%) and ROIC (-90.9%) in the dataset.

• Operating margin worsened from -92.4% in Q3 2025 to -177.0% in Q1 2026, the steepest quarterly decline recorded.

• ROIC collapsed to -90.9% in Q1 2026 from -60.3% in Q4 2025, indicating severely negative capital productivity.

• Leverage (D/E) rose to 0.55 in Q1 2026 from 0.50 in Q4 2025, despite persistent losses eroding equity value.

⚠ Net profit margin deteriorated to -185.9% in Q1 2026 from -157.7% in Q4 2025—accelerating cash burn.

⚠ ROA worsened to -36.7% in Q1 2026, the worst quarterly result, signaling deteriorating asset utilization.

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Available Research

13F Pro tracks comprehensive data for Soluna Holdings, Inc including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of SLNH

GEODE CAPITAL MANAGEMENT, LLC
$1.9M2,685,438 sh
UBS Group AG
$629.4K890,303 sh
RENAISSANCE TECHNOLOGIES LLC
$590.4K835,277 sh
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
$563.1K796,652 sh
BlackRock, Inc.
$554.8K784,988 sh
VANGUARD CAPITAL MANAGEMENT LLC
$443.2K626,854 sh
MARSHALL WACE, LLP
$416.8K587,033 sh
Diametric Capital, LP
$313.1K442,942 sh
Intrinsic Edge Capital Management LLC
$247.4K350,000 sh
Yorkville Advisors Global, LP
$237.5K335,976 sh

Fund	Value	Shares
GEODE CAPITAL MANAGEMENT, LLC	$1.9M	2,685,438
UBS Group AG	$629.4K	890,303
RENAISSANCE TECHNOLOGIES LLC	$590.4K	835,277
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	$563.1K	796,652
BlackRock, Inc.	$554.8K	784,988
VANGUARD CAPITAL MANAGEMENT LLC	$443.2K	626,854
MARSHALL WACE, LLP	$416.8K	587,033
Diametric Capital, LP	$313.1K	442,942
Intrinsic Edge Capital Management LLC	$247.4K	350,000
Yorkville Advisors Global, LP	$237.5K	335,976

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Is SLNH a good stock to buy?

13F Pro's AI-powered analysis of Soluna Holdings, Inc (SLNH) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for SLNH are available on the SLNH stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own SLNH?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling SLNH. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Soluna Holdings, Inc's investment landscape.