🚀 VC round data is live in beta, check it out!
Soluna Holdings Valuation Multiples
Discover revenue and EBITDA valuation multiples for Soluna Holdings and similar public comparables like The9, Mawson Infrastructure Group, Greenidge Generation, Ebang and more.
Soluna Holdings Overview
About Soluna Holdings
Soluna Holdings Inc is a U.S.-based company that conducts operations through its subsidiary. The group is engaged in the mining of cryptocurrency through data centers that can be powered by renewable energy sources. The data centers buy every excess megawatt to use for batch-oriented, computing-intensive processes such as cryptocurrency mining or machine learning which is a low-risk and low-friction solution to use as a smartphone.
Founded
1961
HQ
Employees
48
Website
Sectors
Financials (LTM)
EV
$81M
Soluna Holdings Financials
Soluna Holdings reported last 12-month revenue of $34M.
In the same LTM period, Soluna Holdings generated $9M in gross profit and had net loss of ($51M).
Revenue (LTM)
Soluna Holdings P&L
In the most recent fiscal year, Soluna Holdings reported revenue of $30M and EBITDA of ($38M).
Soluna Holdings expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $34M | XXX | $30M | XXX | XXX | XXX |
| Gross Profit | $9M | XXX | $6M | XXX | XXX | XXX |
| Gross Margin | 27% | XXX | 22% | XXX | XXX | XXX |
| EBITDA | — | XXX | ($38M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (128%) | XXX | XXX | XXX |
| EBIT Margin | (158%) | XXX | (113%) | XXX | XXX | XXX |
| Net Profit | ($51M) | XXX | ($53M) | XXX | XXX | XXX |
| Net Margin | (149%) | XXX | (180%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Soluna Holdings Stock Performance
Soluna Holdings has current market cap of $128M, and enterprise value of $81M.
Market Cap Evolution
Soluna Holdings' stock price is $1.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $81M | $128M | 0.0% | XXX | XXX | XXX | $-0.47 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialSoluna Holdings Valuation Multiples
Soluna Holdings trades at 2.4x EV/Revenue multiple, and (2.1x) EV/EBITDA.
EV / Revenue (LTM)
Soluna Holdings Financial Valuation Multiples
As of April 19, 2026, Soluna Holdings has market cap of $128M and EV of $81M.
Equity research analysts estimate Soluna Holdings' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Soluna Holdings has a P/E ratio of (2.5x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $128M | XXX | $128M | XXX | XXX | XXX |
| EV (current) | $81M | XXX | $81M | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | 2.7x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (2.1x) | XXX | XXX | XXX |
| EV/EBIT | (1.5x) | XXX | (2.4x) | XXX | XXX | XXX |
| EV/Gross Profit | 8.7x | XXX | 12.5x | XXX | XXX | XXX |
| P/E | (2.5x) | XXX | (2.4x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (2.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Soluna Holdings Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Soluna Holdings Margins & Growth Rates
Soluna Holdings' revenue in the last 12 month grew by 32%.
Soluna Holdings' revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.8M for the same period.
Soluna Holdings Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 32% | XXX | 53% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (128%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (11%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.8M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 94% | XXX | 115% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 135% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Soluna Holdings Public Comps
See public comps and valuation multiples for other Crypto Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Soluna Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| The9 | XXX | XXX | XXX | XXX | XXX | XXX |
| Mawson Infrastructure Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Greenidge Generation | XXX | XXX | XXX | XXX | XXX | XXX |
| Ebang | XXX | XXX | XXX | XXX | XXX | XXX |
| BTC Digital | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Soluna Holdings M&A Activity
Soluna Holdings acquired XXX companies to date.
Last acquisition by Soluna Holdings was on XXXXXXXX, XXXXX. Soluna Holdings acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Soluna Holdings
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialSoluna Holdings Investment Activity
Soluna Holdings invested in XXX companies to date.
Soluna Holdings made its latest investment on XXXXXXXX, XXXXX. Soluna Holdings invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Soluna Holdings
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout Soluna Holdings
| When was Soluna Holdings founded? | Soluna Holdings was founded in 1961. |
| Where is Soluna Holdings headquartered? | Soluna Holdings is headquartered in United States. |
| How many employees does Soluna Holdings have? | As of today, Soluna Holdings has over 48 employees. |
| Who is the CEO of Soluna Holdings? | Soluna Holdings' CEO is John Belizaire. |
| Is Soluna Holdings publicly listed? | Yes, Soluna Holdings is a public company listed on Nasdaq. |
| What is the stock symbol of Soluna Holdings? | Soluna Holdings trades under SLNH ticker. |
| When did Soluna Holdings go public? | Soluna Holdings went public in 2003. |
| Who are competitors of Soluna Holdings? | Soluna Holdings main competitors are The9, Mawson Infrastructure Group, Greenidge Generation, Ebang. |
| What is the current market cap of Soluna Holdings? | Soluna Holdings' current market cap is $128M. |
| What is the current revenue of Soluna Holdings? | Soluna Holdings' last 12 months revenue is $34M. |
| What is the current revenue growth of Soluna Holdings? | Soluna Holdings revenue growth (NTM/LTM) is 32%. |
| What is the current EV/Revenue multiple of Soluna Holdings? | Current revenue multiple of Soluna Holdings is 2.4x. |
| Is Soluna Holdings profitable? | No, Soluna Holdings is not profitable. |
| What is the current net income of Soluna Holdings? | Soluna Holdings' last 12 months net income is ($51M). |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.