Solana (HSDT) EBITDA (2016 - 2026)

Solana's (HSDT) quarterly EBITDA came in at -$99.6 million in Q1 2026, down 2460.61% year-on-year from $4.2 million in Q1 2025, and down 130.61% quarter-over-quarter from $325.3 million in Q4 2025.

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

Solana has disclosed EBITDA across 11 years of filings, most recently posting -$99.6 million for Q1 2026.

  • EBITDA for Q1 2026 came in at -$99.6 million, down 2460.61% year-over-year; the trailing twelve-month figure through Mar 2026 was -$137.2 million (down 1006.52% YoY), and the FY2025 annual result was -$41.5 million, down 286.4% from the prior year.
  • EBITDA came in at -$99.6 million for Q1 2026 at Solana, down from $325.3 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $325.3 million in Q4 2025 to a low of -$352.5 million in Q3 2025.
  • The 5-year median for EBITDA is -$3.5 million (2022), against an average of -$10.3 million.
  • Peak annual rise in EBITDA reached 10369.89% in 2025, while the deepest fall reached 9014.09% in 2025.
  • Solana's EBITDA stood at -$5.0 million in 2022, then jumped by 75.03% to -$1.3 million in 2023, then sank by 151.63% to -$3.2 million in 2024, then jumped by 10369.89% to $325.3 million in 2025, then plunged by 130.61% to -$99.6 million in 2026.
  • The last three EBITDA figures came in at -$99.6 million (Q1 2026), $325.3 million (Q4 2025), and -$352.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - 2.81 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 1.59 Bn
3 Kkr 86.45 Bn 133.96 Bn - 1.99 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 79.00 Mn
5 State Street 46.95 Bn 21.27 Bn - 2.79 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 901.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - 2.28 Bn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 524.00 Mn
9 Ares Management 29.04 Bn 32.41 Bn - 363.68 Mn
10 Solana 165.46 Mn 161.06 Mn 3.44 Mn -99.58 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -99.58 Mn
Dec 31, 2025 325.35 Mn
Sep 30, 2025 -352.53 Mn
Jun 30, 2025 -10.41 Mn
Mar 31, 2025 -3.89 Mn
Dec 31, 2024 -3.17 Mn
Sep 30, 2024 -3.87 Mn
Jun 30, 2024 -1.47 Mn
Mar 31, 2024 -2.23 Mn
Dec 31, 2023 -1.26 Mn
Sep 30, 2023 -3.47 Mn
Jun 30, 2023 -1.92 Mn
Mar 31, 2023 -2.49 Mn
Dec 31, 2022 -5.04 Mn
Sep 30, 2022 -286,000.00
Jun 30, 2022 -3.46 Mn
Mar 31, 2022 -4.55 Mn
Dec 31, 2021 -4.10 Mn
Sep 30, 2021 -4.40 Mn
Jun 30, 2021 -6.17 Mn