Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 86

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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    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  
     513 
  
    Other revenue (a) 
     1,057  
     1,612 
  
    General and administrative,
    exclusive of depreciation and amortization (b) 
     (17,384) 
     (13,297)
  
    General and administrative,
    depreciation and amortization 
     (7,207) 
     (7,209)
  
    Interest expense 
     (3,246) 
     (1,694)
  
    Gain (loss) on debt extinguishment
    and revaluation, net 
     10,658  
     (1,888)
  
    Loss on sale of fixed assets
    and credit on equipment deposit 
     (802) 
     (21)
  
    Fair value adjustment loss 
     (22,165) 
     (5,607)
  
    Other financing expense 
     (5,203) 
     - 
  
    Other
    expense, net 
     (280) 
     (32)
  
    Net
    loss before taxes 
    $(42,618) 
    $(21,525)

    (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.

    (b)
     
    The
    reconciling general and administrative expense, exclusive of depreciation and amortization represent corporate and unallocated general