Solana (HSDT) Enterprise Value (2015 - 2026)
Solana's (HSDT) quarterly Enterprise Value came in at $128.0 million in Q2 2026, up 2670.53% year-over-year from $4.6 million in Q2 2025, and little changed quarter-over-quarter from $128.4 million in Q1 2026.
Analysis
Solana (HSDT) Enterprise Value (2015 - 2026) Analysis & Trends
Solana has disclosed Enterprise Value across 12 years of filings, most recently posting $128.0 million for Q2 2026.
- In Q2 2026, Enterprise Value rose 2670.53% year-over-year to $128.0 million; the TTM figure through Jun 2026 stood at $128.0 million (up 2670.53% YoY), while the FY2025 annual figure was -$6.8 million, down 107.54% from the prior year.
- Enterprise Value came in at $128.0 million for Q2 2026 at Solana, roughly flat from $128.4 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of $619.4 million in Q1 2022 to a low of -$5.0 million in Q2 2025.
- Average Enterprise Value over 5 years is $186.9 million, with a median of $128.2 million recorded in 2026.
- Year-over-year, Enterprise Value tumbled 104.25% in 2025 and jumped 2670.53% in 2026.
- Over 5 years, Enterprise Value stood at $192.6 million in 2022, then jumped by 46.42% to $282.1 million in 2023, then plunged by 68.2% to $89.7 million in 2024, then sank by 73.56% to $23.7 million in 2025, then jumped by 439.64% to $128.0 million in 2026.
- Per Business Quant data, the three most recent Enterprise Value figures were $128.0 million in Q2 2026, $128.4 million in Q1 2026, and $23.7 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Circle Internet | 21.16 Bn | 19.43 Bn | 288.85 Mn |
| 2 | Galaxy Digital | 9.54 Bn | 8.88 Bn | 8.38 Bn |
| 3 | Gemini Space Station | 573.86 Mn | 385.24 Mn | - |
| 4 | Solana | 177.06 Mn | 173.41 Mn | 2.45 Mn |
| 5 | Empery Digital | 85.45 Mn | 85.45 Mn | -68,184.00 |
| 6 | Metalpha Technology Holding | 40.05 Mn | 36.11 Mn | - |
| 7 | Fold Holdings | 29.71 Mn | 1.31 Mn | 5.36 Mn |
| 8 | Amber International Holding | 28.97 Mn | -4.44 Mn | 11.06 Mn |
| 9 | Fabric.AI | 10.06 Mn | -11.61 Mn | - |
| 10 | CEA Industries | 7.41 Mn | 324,022.19 | 1.96 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 127.95 Mn |
| Mar 31, 2026 | 128.35 Mn |
| Dec 31, 2025 | 23.71 Mn |
| Sep 30, 2025 | 35.58 Mn |
| Jun 30, 2025 | -4.98 Mn |
| Mar 31, 2025 | 121.74 Mn |
| Dec 31, 2024 | 89.69 Mn |
| Sep 30, 2024 | 98.78 Mn |
| Jun 30, 2024 | 116.99 Mn |
| Mar 31, 2024 | 255.18 Mn |
| Dec 31, 2023 | 282.06 Mn |
| Sep 30, 2023 | 319.78 Mn |
| Jun 30, 2023 | 262.81 Mn |
| Mar 31, 2023 | 348.40 Mn |
| Dec 31, 2022 | 192.64 Mn |
| Sep 30, 2022 | 101.21 Mn |
| Jun 30, 2022 | 244.23 Mn |
| Mar 31, 2022 | 619.40 Mn |
| Dec 31, 2021 | 626.59 Mn |
| Sep 30, 2021 | 1.72 Bn |