Solana Company (HSDT)
NASDAQ:HSDT
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Earnings Data
Report Date
May 07, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-386Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but constructive operational progress story: strong staking performance (outperforming benchmarks), rapid revenue growth from staking, SOL-per-share accretion (+14% over six months), meaningful treasury and asset base, and strategic partnerships/infrastructure initiatives that position the company for future yield and ecosystem growth. Offsetting these positives are large GAAP operating losses driven by substantial noncash digital asset markdowns, a spike in SG&A/operating costs, modest cash on hand, and earnings volatility—Q4 profitability was driven largely by a one-time derivative fair-value gain. Anchor/Kamino borrowing and Pacific Backbone are strategic positives but not yet fully monetized. Overall, operational and strategic momentum is clear, but financial statement volatility, liquidity and execution timing risks temper the near-term outlook.Company Guidance
Staking Outperformance
Average net staking yield of 6.8% in Q4 2025 vs system-wide 6.2% (outperformance ~60 bps). Year-to-date 2026 staking yield 7.0% vs system-wide 6.0% (outperformance ~100 bps). Yields driven by validator selection, MEV capture and continuous rebalancing.
Material Revenue Growth from Staking
Full year 2025 revenue of $6.0M including $5.5M staking revenue vs $0.5M in FY2024 — an increase of ~1,100% year-over-year in total revenue (staking revenue rose ~1,000%). Q4 2025 revenue was $5.2M (staking $5.1M).
SOL per Share Accretion
SOL per share increased by 14% over roughly six months (from the strategy start Sept 18, 2025 to March 27, 2026), reflecting active management and accretive capital markets actions.
Treasury Size and Asset Base
As of Dec 31, 2025 the company held ~2.36M SOL and $7.3M cash with approximately $293.7M in digital assets (digital intangible assets $217.7M, digital assets receivable $70.4M, digital assets fund investment $5.6M), total assets ~$303.9M and shareholders' equity ~$300.9M.
Capital Markets Toolkit and Execution
ATM program raised >$29M in proceeds (deployed mainly into SOL) and the company executed >$3M in share repurchases year-to-date under the buyback program, demonstrating ability to issue at premiums and repurchase at discounts to accrete value.
Institutional Partnerships and Infrastructure Initiatives
Announced collaboration with Anchorage Digital and Kamino for borrowing against natively staked SOL with institutional-grade custody/collateral management; launched Pacific Backbone roadmap to build low-latency APAC nodes (Tokyo, Singapore, Hong Kong) with plan to activate nodes immediately and roll out liquidity products in 12–18 months.
Q4 GAAP Net Income Driven by Nonoperating Gain
Reported Q4 2025 net income of $325.6M ($4.25 per share) primarily due to a $526.3M gain from change in fair value of derivative liability related to the September PIPE stapled warrants.
HSDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HSDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 30, 2026 | $1.86 | $1.73 | -6.99% |
Nov 18, 2025 | $4.00 | $3.76 | -6.00% |
Aug 14, 2025 | $6.02 | $6.03 | +0.17% |
May 08, 2025 | $208.50 | $215.00 | +3.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Solana Company (HSDT) report earnings?
Solana Company (HSDT) is schdueled to report earning on May 07, 2026, TBA (Confirmed).
What is Solana Company (HSDT) earnings time?
Solana Company (HSDT) earnings time is at May 07, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is HSDT EPS forecast?
Currently, no data Available