Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 219

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 219
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    revenue (a) 
     -  
     -  
     -  
     1,612 
  
    Total consolidated revenue 

     29,749 
  
    Less: Segment cost of revenue 

    Utility costs 
     4,093  
     4,243  
     -  
     8,336 
  
    Wages, benefits, and employee
    related costs 
     594  
     1,443  
     -  
     2,037 
  
    Facilities and Equipment
    costs 
     780  
     1,011  
     2,859  
     4,650 
  
    Cost of revenue- depreciation 
     3,220  
     1,320  
     -  
     4,540 
  
    Other
    cost of revenue* 
     488  
     530  
     -  
     1,018 
  
    Total segment cost of revenue 
     9,175  
     8,547  
     2,859  
     20,581 
  
    General and administrative
    expenses 
     193  
     994  
     141  
     1,328 
  
    Impairment
    on fixed assets 
     130  
     -  
     -  
     130 
  
    Segment
    operating income (loss) 
    $4,193  
    $4,905  
    $(3,000) 
    $6,098 

    (a)
     
    Demand
    response service revenue is included as a reconciling item of total revenue and not included as part of segment gross profit or loss.

    *
     
    Other
    cost of revenue includes insurance, outside service costs and margins, and general costs.

The
following table presents the reconciliation of segment operating income (loss) to net income (loss) before taxes:

    2025  
    2024 

    For
    the nine months ended September 30, 

    2025  
    2024 
  
    Segment operating
    income 
    $1,246  
    $6,098 

    Reconciling Items: 

    Elimination of intercompany
    costs 
     708