---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-023755"
form_type: "8-K"
ticker: "SLNH"
cik: "0000064463"
company_name: "Soluna Holdings, Inc"
filed_at: "2025-11-17T23:59:59+00:00"
generated_at: "2026-05-16T19:29:53.809959+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Soluna Q3 revenue up 37% sequentially, cash hits record $60.5M; net loss widens

## Summary
- Revenue increased 37% sequentially to $2.3M; gross profit improved to 28% from 19% in Q2.
- Cash rose to a record $60.5M, up $45M, from equity and project-level financing.
- Net loss widened to ($17.7M) due to $22M fair value adjustment from warrant exercises.
- Adjusted EBITDA was ($6.4M); excluding special charges, it was positive $0.1M.
- Closed $100M credit facility from Generate Capital; surpassed 1 GW of clean computing projects.

## SEC filing metadata
- accession: 0001493152-25-023755
- form_type: 8-K
- ticker: SLNH
- cik: 0000064463
- company_name: Soluna Holdings, Inc
- filed_at: 2025-11-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/64463/000149315225023755/0001493152-25-023755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/64463/000149315225023755/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-023755
- JSON: https://secwatch.observer/filing/0001493152-25-023755.json
- Plain text: https://secwatch.observer/filing/0001493152-25-023755.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.