Soluna Holdings, Inc. — financial distress indicators
Financial-health summary
Soluna Holdings, Inc.'s reported numbers place it in the 'Weak' financial-health band (distress score 66/100). The main indicators are consecutive annual losses, deep share-price drawdown and massive shareholder dilution.
Stress by dimension
Share price — last 12 months
Indicators behind the score
Each red flag shows the evidence from the company’s own filings and the financial or legal principle behind it. Points add to the 0–100 score.
Net loss in each of the last two years.
Sustained losses at a lender usually mean credit losses are outrunning provisions — a risk-management failure.
Price is -79% from its 52-week high.
For financial firms a share-price run often precedes a deposit or funding run (confidence channel).
Share count up +864% in a year.
Survival financing: repeated equity raises at depressed prices.
Revenue changed -22% YoY.
Shrinking net revenue (interest margin, fees, premiums) weakens the capacity to absorb losses.
Last price $0.95.
Below the $1 minimum-bid listing standard (Nasdaq Rule 5550(a)(2) / NYSE 802.01C); sustained breach leads to delisting and loss of capital-market access.
Total assets grew +113% in a year.
Hyper-growth outpacing risk controls preceded failures such as Yes Bank (2020) and SVB (2023).
Annualised volatility is 145%.
High equity volatility raises the market-implied default probability.
Revenue vs net income
Cash generation
Debt vs cash vs equity
✅ Mitigating factors
- No material mitigating factors found in the available data.
📰 Recent news scan
- Soluna to Present at the Water Tower Research Insights Conference on September 23, 2026Yahoo Finance · 2026-09-22
- Rosenblatt starts Soluna at Buy, sees 118 MW HPC buildout topping $200 million in annual revenueYahoo Finance · 2026-09-17
- Soluna secures conditional ERCOT Base Load status for 100 MW Dorothy campusYahoo Finance · 2026-09-14
- Soluna’s Revenue Rose 73% Excluding an Accounting Change. Can Its AI Pipeline Deliver?Yahoo Finance · 2026-09-03
- Bitdeer Adds 28 MW at Soluna’s Wind-Powered Texas Mining SiteYahoo Finance · 2026-08-25
- Soluna and Bitdeer Agree 28 MW Bitcoin Co-Mining Deployment in TexasYahoo Finance · 2026-08-25
⚖️ U.S. legal pathway — broker-dealer liquidation
- Stockbrokers and commodity brokers cannot reorganise under Chapter 11 (§109(d)); they liquidate under Chapter 7 (subchapters III/IV) or in a SIPA proceeding.
- SIPC protects customer accounts up to $500,000 (including $250,000 cash) for missing customer property — not market losses.
- Net-capital rule (SEC Rule 15c3-1) breaches are the regulatory early warning.
Frequently asked questions
What do Soluna Holdings, Inc.'s financial-health indicators show?
As of 2026-10-08, Soluna Holdings, Inc.'s public financial data places it in the 'Weak' band with a distress score of 66/100, driven by consecutive annual losses, deep share-price drawdown and massive shareholder dilution. This is a statistical screen of reported numbers — it does not mean the company is insolvent, has defaulted or will enter insolvency proceedings.
What is Soluna Holdings, Inc.'s financial distress score?
66/100 ('Weak').
What works in Soluna Holdings, Inc.'s favour?
No material mitigating factors were found in the available data.
How are shareholders treated if a company enters insolvency?
In a Chapter 11 reorganisation the absolute priority rule pays secured lenders, then unsecured creditors, before shareholders — so existing shares are usually cancelled or heavily diluted. In Chapter 7 the company is liquidated and shareholders rarely recover anything.
Other Bank & Finance companies with distress indicators
- CaliberCos Inc. (CWD)Very weak 79/100
- loanDepot, Inc. (LDI)Weak 69/100
- Pineapple Financial Inc. (PAPL)Weak 69/100
- TeraWulf Inc. (WULF)Weak 68/100
- SHF Holdings, Inc. (SHFS)Weak 67/100
- Streamex Corp. (STEX)Weak 67/100
Methodology
Score = capped sum of rule-based red flags across seven dimensions (liquidity, solvency, profitability, cash flow, sales trend, market signal, news). Ohlson O-score (1980) gives an accounting-based 1-year failure probability; Merton distance-to-default (Bharath & Shumway 2008) gives a market-implied probability. Financial institutions use a capital-based rule set. Recalculated every trading day from the latest filings, prices and news.