Solana CoHSDT

NasdaqFinanceFinance Services
Price (close)
$2.90
Market cap
$175.3M
P/E
—
Revenue (TTM)
$12.1M
Net income
-$157.3M
Dividend yield
—
1-year total return
-79.1%
Net margin
-1302.8%
Revenue growth
3992.2%
Debt / equity
—

What Solana Co does.

We are a listed digital asset treasury (“DAT”) dedicated to acquiring and holding Solana tokens (“SOL”). Solana Company’s DAT objective is to maximize SOL per share through strategic use of capital markets and onchain opportunities, offering public market investors direct exposure to Solana.

Strategic digital asset reserves like SOL lay the groundwork for a future where global payments, credentialing, and personalized learning can be powered by decentralized infrastructure, enhancing how we grow our company. We believe that Solana represents a uniquely scalable, high-performance blockchain platform that aligns with our long-term vision of integrating innovative technologies into our services. By investing in and participating in the Solana ecosystem, we aim to both enhance our digital asset treasury strategy and create strategic optionality for product innovation in our core business.

In September 2025, we adopted a digital asset treasury strategy centered on acquiring SOL and began repositioning a substantial portion of our balance sheet around that strategy. We expect the digital asset treasury strategy to be our principal strategic focus. Our assets are expected to remain concentrated primarily in SOL. Our objective is to increase long-term shareholder value by increasing the amount of SOL underlying each share, generating yield on treasury assets where appropriate, and using public-market financing and treasury tools in a disciplined manner to compound net asset value (“NAV”) over time.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$661,000$522,000$787,000$644,000$520,000$6.0M
Net income-$14.1M-$18.1M-$14.1M-$8.8M-$11.7M-$40.9M
Free cash flow-$11.8M-$13.4M-$14.3M-$10.4M-$11.0M—

More on HSDT.

Figures from Solana Co's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.