Solana (HSDT) Cost of Revenue (2019 - 2026)
Solana's Cost of Revenue was $77,000 in Q2 2026, down 19.8% from $96,000 a year earlier and down 57.2% from the prior quarter.
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Analysis
Solana (HSDT) Cost of Revenue (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, Solana's Cost of Revenue was $540,000 through Jun 30, 2026, down 3.2% year-over-year; for FY2025, it came in at $500,000, down 14.1% from FY2024.
- Cost of Revenue shows a five-year compound annual growth rate of 5.2% (FY2020 to FY2025).
- In earlier years, Cost of Revenue was $582,000 in FY2024 (-0.2%), $583,000 in FY2023 (+25.9%), $463,000 in FY2022 (+55.4%) and $298,000 in FY2021 (-23.2%).
- The Q2 2026 figure marks the lowest quarterly Cost of Revenue since Q2 2021.
- Compared with a year earlier, Cost of Revenue was higher in three of the last eight quarters, with growth averaging 6.5%.
- The best year-over-year quarter for Cost of Revenue over five years was Q1 2022 (growth of 726.7%); the worst was Q3 2025 (a decline of 44.9%).
- Per Business Quant data, HSDT's Cost of Revenue in the three quarters before Q2 2026 was $180,000 (Q1 2026), $180,000 (Q4 2025) and $103,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Robinhood Markets | 101.35 Bn | 82.45 Bn | - | - |
| 2 | Bank of New York Mellon | 98.65 Bn | 38.02 Bn | - | - |
| 3 | Cme | 94.54 Bn | 94.54 Bn | - | - |
| 4 | Intercontinental Exchange | 84.23 Bn | 78.04 Bn | - | - |
| 5 | Nasdaq | 50.77 Bn | 48.20 Bn | 1.50 Bn | 1.03 Bn |
| 6 | State Street | 48.31 Bn | 48.31 Bn | - | - |
| 7 | Interactive Brokers | 39.79 Bn | 33.24 Bn | - | - |
| 8 | Northern Trust | 31.37 Bn | 31.37 Bn | - | - |
| 9 | Cboe Global Markets | 28.34 Bn | 20.00 Bn | 731.60 Mn | 711.20 Mn |
| 10 | Solana | 209.76 Mn | 70.33 Mn | 2.45 Mn | 77,000.00 |
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 |
API Access
Solana Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HSDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "HSDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=HSDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();