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

Solana (HSDT) EBITDA (2016 - 2026)

Solana's (HSDT) quarterly EBITDA came in at -$32.7 million in Q2 2026, down 883.53% year-over-year from $4.2 million in Q2 2025, and up 67.2% quarter-over-quarter from -$99.6 million in Q1 2026.

Analysis

Solana (HSDT) EBITDA (2016 - 2026) Analysis & Trends

Solana has disclosed EBITDA across 11 years of filings, most recently posting -$32.7 million for Q2 2026.

  • In Q2 2026, EBITDA fell 883.53% year-over-year to -$32.7 million; the TTM figure through Jun 2026 stood at -$368.8 million (down 2434.68% YoY), while the FY2025 annual figure was -$243.8 million, down 1653.87% from the prior year.
  • EBITDA came in at -$32.7 million for Q2 2026 at Solana, up from -$99.6 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of -$2.2 million in Q4 2023 to a low of -$201.1 million in Q4 2025.
  • Average EBITDA over 5 years is -$23.2 million, with a median of -$3.6 million recorded in 2022.
  • Year-over-year, EBITDA soared 44.37% in 2022 and sank 6288.78% in 2025.
  • Over 5 years, EBITDA stood at -$2.7 million in 2022, then increased by 15.85% to -$2.2 million in 2023, then tumbled by 40.12% to -$3.1 million in 2024, then slumped by 6288.78% to -$201.1 million in 2025, then jumped by 83.75% to -$32.7 million in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were -$32.7 million in Q2 2026, -$99.6 million in Q1 2026, and -$201.1 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Circle Internet 21.16 Bn 19.43 Bn 288.85 Mn 35.36 Mn
2 Galaxy Digital 9.54 Bn 8.88 Bn 8.38 Bn -462.79 Mn
3 Gemini Space Station 573.86 Mn 385.24 Mn - -76.94 Mn
4 Solana 177.06 Mn 173.41 Mn 2.45 Mn -32.67 Mn
5 Empery Digital 85.45 Mn 85.45 Mn -68,184.00 -42.07 Mn
6 Metalpha Technology Holding 40.05 Mn 36.11 Mn - -
7 Fold Holdings 29.71 Mn 1.31 Mn 5.36 Mn -8.50 Mn
8 Amber International Holding 28.97 Mn -4.44 Mn 11.06 Mn 1.04 Mn
9 Fabric.AI 10.06 Mn -11.61 Mn - -3.33 Mn
10 CEA Industries 7.41 Mn 324,022.19 1.96 Mn -21.23 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -32.67 Mn
Mar 31, 2026 -99.62 Mn
Dec 31, 2025 -201.06 Mn
Sep 30, 2025 -35.45 Mn
Jun 30, 2025 -3.32 Mn
Mar 31, 2025 -4.01 Mn
Dec 31, 2024 -3.15 Mn
Sep 30, 2024 -4.07 Mn
Jun 30, 2024 -3.27 Mn
Mar 31, 2024 -3.42 Mn
Dec 31, 2023 -2.25 Mn
Sep 30, 2023 -3.15 Mn
Jun 30, 2023 -3.22 Mn
Mar 31, 2023 -3.81 Mn
Dec 31, 2022 -2.67 Mn
Sep 30, 2022 -4.85 Mn
Jun 30, 2022 -3.43 Mn
Mar 31, 2022 -4.56 Mn
Dec 31, 2021 -4.10 Mn
Sep 30, 2021 -4.37 Mn