Solana HSDT
NASDAQ HSDT
$2.22 +0.07 (+3.26%)
At close: Sep 11, 2026 · 4:00 PM EDT

Solana (HSDT) Cash from Operations (2015 - 2026)

Solana's (HSDT) quarterly Cash from Operations came in at -$11.9 million in Q2 2026, down 331.34% year-over-year from $5.1 million in Q2 2025, and down 146.16% quarter-over-quarter from -$4.8 million in Q1 2026.

Analysis

Solana (HSDT) Cash from Operations (2015 - 2026) Analysis & Trends

Solana has disclosed Cash from Operations across 12 years of filings, most recently posting -$11.9 million for Q2 2026.

  • In Q2 2026, Cash from Operations fell 331.34% year-over-year to -$11.9 million; the TTM figure through Jun 2026 stood at -$26.9 million (down 135.48% YoY), while the FY2025 annual figure was -$16.5 million, down 49.57% from the prior year.
  • Cash from Operations came in at -$11.9 million for Q2 2026 at Solana, down from -$4.8 million in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of -$2.0 million in Q4 2023 to a low of -$11.9 million in Q2 2026.
  • Average Cash from Operations over 5 years is -$3.8 million, with a median of -$3.1 million recorded in 2023.
  • Year-over-year, Cash from Operations surged 38.12% in 2022 and sank 331.34% in 2026.
  • Over 5 years, Cash from Operations stood at -$2.1 million in 2022, then gained by 5.09% to -$2.0 million in 2023, then retreated by 16.91% to -$2.4 million in 2024, then plunged by 159.76% to -$6.2 million in 2025, then slumped by 92.52% to -$11.9 million in 2026.
  • Per Business Quant data, the three most recent Cash from Operations figures were -$11.9 million in Q2 2026, -$4.8 million in Q1 2026, and -$6.2 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn 517.43 Mn
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn 371.99 Mn
3 Gemini Space Station 573.86 Mn 385.24 Mn - -51.45 Mn
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn -11.89 Mn
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 -6.90 Mn
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn -9.45 Mn
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn -
9 Fabric.AI 10.06 Mn -11.61 Mn - -6.12 Mn
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn -6.48 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -11.89 Mn
Mar 31, 2026 -4.83 Mn
Dec 31, 2025 -6.18 Mn
Sep 30, 2025 -4.04 Mn
Jun 30, 2025 -2.76 Mn
Mar 31, 2025 -3.54 Mn
Dec 31, 2024 -2.38 Mn
Sep 30, 2024 -2.77 Mn
Jun 30, 2024 -2.89 Mn
Mar 31, 2024 -3.00 Mn
Dec 31, 2023 -2.03 Mn
Sep 30, 2023 -2.45 Mn
Jun 30, 2023 -2.74 Mn
Mar 31, 2023 -3.19 Mn
Dec 31, 2022 -2.14 Mn
Sep 30, 2022 -3.82 Mn
Jun 30, 2022 -3.66 Mn
Mar 31, 2022 -4.68 Mn
Dec 31, 2021 -3.46 Mn
Sep 30, 2021 -3.24 Mn