Solana HSDT
NASDAQ HSDT
$2.20 -0.04 (-1.79%)
At close: Sep 9, 2026 · 4:00 PM EDT

Solana (HSDT) Capital Expenditures (2017 - 2025)

Solana's (HSDT) quarterly Capital Expenditures came in at $153.3 million in Q4 2025, down 42.67% quarter-over-quarter from $267.4 million in Q3 2025.

Analysis

Solana (HSDT) Capital Expenditures (2017 - 2025) Analysis & Trends

Solana has disclosed Capital Expenditures across 9 years of filings, most recently posting $153.3 million for Q4 2025.

  • In Q4 2025, Capital Expenditures changed N/A year-over-year to $153.3 million; the TTM figure through Dec 2025 stood at $420.7 million (up 8413480.0% YoY), while the FY2025 annual figure was $420.7 million, up 8413480.0% from the prior year.
  • Capital Expenditures came in at $153.3 million for Q4 2025 at Solana, down from $267.4 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $267.4 million in Q3 2025 to a low of -$2000.0 in Q4 2022.
  • Average Capital Expenditures over 5 years is $30.1 million, with a median of $6500.0 recorded in 2022.
  • Year-over-year, Capital Expenditures slumped 140.0% in 2022 and surged 850.0% in 2023.
  • Over 5 years, Capital Expenditures stood at $5000.0 in 2021, then tumbled by 140.0% to -$2000.0 in 2022, then surged by 250.0% to $3000.0 in 2023, then jumped by 66.67% to $5000.0 in 2024, then jumped by 3065820.0% to $153.3 million in 2025.
  • Per Business Quant data, the three most recent Capital Expenditures figures were $153.3 million in Q4 2025, $267.4 million in Q3 2025, and $5000.0 in Q1 2024.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Circle Internet 23.15 Bn 21.42 Bn 288.85 Mn 20.16 Mn
2 Galaxy Digital 4.86 Bn 3.30 Bn 8.38 Bn 398.79 Mn
3 Gemini Space Station 545.12 Mn 356.50 Mn - -372,000.00
4 Solana 176.26 Mn 172.62 Mn 2.45 Mn -
5 Empery Digital 85.00 Mn 85.00 Mn -68,184.00 2.00
6 Metalpha Technology Holding 42.47 Mn 38.53 Mn - -
7 Fold Holdings 29.04 Mn 637,726.97 5.36 Mn 273,153.00
8 Amber International Holding 16.89 Mn -17.36 Mn 11.06 Mn -
9 Fabric.AI 10.22 Mn -11.45 Mn - -
10 CEA Industries 5.16 Mn 2.10 Mn 2.64 Mn 205.61 Mn
Historic Data

Historic Data

Download Data
DateValue
Dec 31, 2025 153.30 Mn
Sep 30, 2025 267.38 Mn
Mar 31, 2024 5,000.00
Dec 31, 2023 3,000.00
Sep 30, 2023 6,000.00
Jun 30, 2023 1,000.00
Mar 31, 2023 19,000.00
Dec 31, 2022 -2,000.00
Sep 30, 2022 7,000.00
Jun 30, 2022 10,000.00
Mar 31, 2022 2,000.00
Dec 31, 2021 5,000.00
Sep 30, 2021 30,000.00
Mar 31, 2021 19,000.00
Dec 31, 2020 49,000.00
Sep 30, 2020 7,000.00
Mar 31, 2020 7,000.00
Dec 31, 2019 18,000.00
Sep 30, 2019 56,000.00
Jun 30, 2019 43,000.00