Solana (HSDT) Cost of Revenue (2019 - 2026)
Solana's (HSDT) quarterly Cost of Revenue came in at $77000.0 in Q2 2026, down 19.79% year-over-year from $96000.0 in Q2 2025, and down 57.22% quarter-over-quarter from $180000.0 in Q1 2026.
Powered by 
Analysis
Solana (HSDT) Cost of Revenue (2019 - 2026) Analysis & Trends
Solana has disclosed Cost of Revenue across 8 years of filings, most recently posting $77000.0 for Q2 2026.
- In Q2 2026, Cost of Revenue fell 19.79% year-over-year to $77000.0; the TTM figure through Jun 2026 stood at $540000.0 (down 3.23% YoY), while the FY2025 annual figure was $500000.0, down 14.09% from the prior year.
- Cost of Revenue came in at $77000.0 for Q2 2026 at Solana, down 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 $77000.0 in Q2 2026.
- Average Cost of Revenue over 5 years is $132500.0, with a median of $122500.0 recorded in 2023.
- Year-over-year, Cost of Revenue jumped 726.67% in 2022 and slumped 44.92% in 2025.
- Over 5 years, Cost of Revenue stood at $150000.0 in 2022, then tumbled 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 sank by 57.22% to $77000.0 in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $77000.0 in Q2 2026, $180000.0 in Q1 2026, and $180000.0 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Circle Internet | 23.15 Bn | 21.42 Bn | 288.85 Mn | 412.47 Mn |
| 2 | Galaxy Digital | 4.86 Bn | 3.30 Bn | 8.38 Bn | 180.67 Mn |
| 3 | Gemini Space Station | 545.12 Mn | 356.50 Mn | - | - |
| 4 | Solana | 176.26 Mn | 172.62 Mn | 2.45 Mn | 77,000.00 |
| 5 | Empery Digital | 85.00 Mn | 85.00 Mn | -68,184.00 | 148,203.00 |
| 6 | Metalpha Technology Holding | 42.47 Mn | 38.53 Mn | - | - |
| 7 | Fold Holdings | 29.04 Mn | 637,726.97 | 5.36 Mn | 728,338.00 |
| 8 | Amber International Holding | 16.89 Mn | -17.36 Mn | 11.06 Mn | 2.86 Mn |
| 9 | Fabric.AI | 10.22 Mn | -11.45 Mn | - | - |
| 10 | CEA Industries | 5.16 Mn | 2.10 Mn | 2.64 Mn | 4.71 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 77,000.00 |
| Mar 31, 2026 | 180,000.00 |
| Dec 31, 2025 | 180,000.00 |
| Sep 30, 2025 | 103,000.00 |
| Jun 30, 2025 | 96,000.00 |
| Mar 31, 2025 | 121,000.00 |
| Dec 31, 2024 | 154,000.00 |
| Sep 30, 2024 | 187,000.00 |
| Jun 30, 2024 | 118,000.00 |
| Mar 31, 2024 | 123,000.00 |
| Dec 31, 2023 | 90,000.00 |
| Sep 30, 2023 | 187,000.00 |
| Jun 30, 2023 | 184,000.00 |
| Mar 31, 2023 | 122,000.00 |
| Dec 31, 2022 | 150,000.00 |
| Sep 30, 2022 | 101,000.00 |
| Jun 30, 2022 | 88,000.00 |
| Mar 31, 2022 | 124,000.00 |
| Dec 31, 2021 | 129,000.00 |
| Sep 30, 2021 | 86,000.00 |