Solana (HSDT) Cost of Revenue (2019 - 2026)

Solana's (HSDT) quarterly Cost of Revenue came in at $180000.0 in Q1 2026, up 48.76% year-on-year from $121000.0 in Q1 2025, and little changed quarter-over-quarter from $180000.0 in Q4 2025.

Solana (HSDT) Cost of Revenue (2019 - 2026) Analysis & Trends

Solana has disclosed Cost of Revenue across 8 years of filings, most recently posting $180000.0 for Q1 2026.

  • Cost of Revenue for Q1 2026 came in at $180000.0, up 48.76% year-over-year; the trailing twelve-month figure through Mar 2026 was $559000.0 (down 3.62% YoY), and the FY2025 annual result was $500000.0, down 14.09% from the prior year.
  • Cost of Revenue came in at $180000.0 for Q1 2026 at Solana, roughly flat from $180000.0 in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $187000.0 in Q3 2023 to a low of $88000.0 in Q2 2022.
  • The 5-year median for Cost of Revenue is $123000.0 (2024), against an average of $135764.7.
  • Across the five-year window, Cost of Revenue soared 726.67% in 2022 and tumbled 44.92% in 2025, its largest moves.
  • Solana's Cost of Revenue stood at $150000.0 in 2022, then sank by 40.0% to $90000.0 in 2023, then jumped by 71.11% to $154000.0 in 2024, then gained by 16.88% to $180000.0 in 2025, then changed by 0.0% to $180000.0 in 2026.
  • The last three Cost of Revenue figures came in at $180000.0 (Q1 2026), $180000.0 (Q4 2025), and $103000.0 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 BlackRock 160.20 Bn 150.57 Bn - -
2 Blackstone 96.40 Bn 95.35 Bn - -
3 Kkr 85.87 Bn 133.39 Bn - -
4 Apollo Global Management 79.90 Bn 98.63 Bn 5.04 Bn 15.00 Mn
5 State Street 46.62 Bn 20.95 Bn - -
6 Ameriprise Financial 42.78 Bn 42.65 Bn 4.57 Bn 317.00 Mn
7 Northern Trust 32.35 Bn 32.35 Bn - -
8 Ares Management 30.25 Bn 33.62 Bn - -
9 Raymond James Financial 30.24 Bn 18.99 Bn - -
10 Solana 157.34 Mn 152.94 Mn 3.44 Mn 180,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 180,000.00
Mar 31, 2026 180,000.00
Dec 31, 2025 180,000.00
Dec 31, 2025 180,000.00
Sep 30, 2025 103,000.00
Sep 30, 2025 103,000.00
Jun 30, 2025 96,000.00
Jun 30, 2025 96,000.00
Mar 31, 2025 121,000.00
Mar 31, 2025 121,000.00
Dec 31, 2024 154,000.00
Dec 31, 2024 154,000.00
Sep 30, 2024 187,000.00
Sep 30, 2024 187,000.00
Jun 30, 2024 118,000.00
Jun 30, 2024 118,000.00
Mar 31, 2024 123,000.00
Mar 31, 2024 123,000.00
Dec 31, 2023 90,000.00
Dec 31, 2023 90,000.00