Solana (HSDT) FCF Margin (2019 - 2026)
Solana (HSDT) recorded FCF Margin of -470.78% in Q2 2026, up 5940.84 percentage points from -6411.63% a year earlier but down 337.37 percentage points from the prior quarter.
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Analysis
Solana (HSDT) FCF Margin (2019 - 2026) Analysis & Trends
On a TTM basis, Solana's FCF Margin came in at -223.19% as of Jun 30, 2026, up 3655.45 percentage points year-over-year; for FY2025, it came in at -274.46%, up 1849.78 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +1510.87 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -2124.23% in FY2024 (-502.34 pp), -1621.89% in FY2023 (+198.56 pp), -1820.46% in FY2022 (+754.64 pp) and -2575.10% in FY2021 (-789.77 pp).
- Quarterly FCF Margin has ranged from -7216.33% in Q1 2025 to -118.15% in Q4 2025 over the past five years.
- On a year-over-year basis, FCF Margin has increased for four consecutive quarters, with an average year-over-year change of +718.95 percentage points over the last eight quarters.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 7082.91 percentage points in Q1 2026, against a drop of 4989.66 percentage points in Q1 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at -133.42% (Q1 2026), -118.15% (Q4 2025) and -580.20% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 54.13% |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | 51.34% |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | 54.13% |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | 25.04% |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | 326.90% |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | -37.17% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 3.90% |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 69.02% |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 73.63% |
| 10 | Solana | 185.83 Mn | 46.40 Mn | 2.45 Mn | -470.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -470.78% |
| Mar 31, 2026 | -133.42% |
| Dec 31, 2025 | -118.15% |
| Sep 30, 2025 | -580.20% |
| Jun 30, 2025 | -6,411.63% |
| Mar 31, 2025 | -7,216.33% |
| Dec 31, 2024 | -1,564.47% |
| Sep 30, 2024 | -5,433.33% |
| Jun 30, 2024 | -1,588.46% |
| Mar 31, 2024 | -2,226.67% |
| Dec 31, 2023 | -1,520.15% |
| Sep 30, 2023 | -1,718.88% |
| Jun 30, 2023 | -1,070.70% |
| Mar 31, 2023 | -2,890.99% |
| Dec 31, 2022 | -759.22% |
| Sep 30, 2022 | -1,953.06% |
| Jun 30, 2022 | -3,087.39% |
| Mar 31, 2022 | -2,465.26% |
| Dec 31, 2021 | -1,344.19% |
| Sep 30, 2021 | -2,995.41% |
API Access
Solana FCF Margin 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=fcf-margin&ticker=HSDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=HSDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();