Solana (HSDT) Free Cash Flow (2015 - 2026)
Solana (HSDT) posted Free Cash Flow of -$4.8 million for Q1 2026, up 22.29% sequentially from -$6.2 million in Q4 2025, and down 35.75% YoY from -$7.5 million in Q1 2025.
Solana (HSDT) Free Cash Flow (2015 - 2026) Analysis & Trends
Solana has reported Free Cash Flow for 12 years, with the latest figure at -$4.8 million in Q1 2026.
- Quarterly Free Cash Flow fell 35.75% year-over-year to -$4.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$17.8 million (down 53.58% YoY) and the FY2025 annual result came in at -$16.5 million, down 49.5% from the prior year.
- Free Cash Flow grew to -$4.8 million in Q1 2026 per HSDT's latest filing, from -$6.2 million in the prior quarter.
- Over five years, Free Cash Flow peaked at -$2.0 million in Q4 2023 and troughed at -$6.2 million in Q4 2025.
- A 5-year average of -$3.4 million and a median of -$3.0 million in 2024 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2022 and 2025: Free Cash Flow surged 38.26% in 2022, then plunged 159.76% in 2025.
- Over 5 years, Free Cash Flow stood at -$2.1 million in 2022, then grew by 4.86% to -$2.0 million in 2023, then declined by 16.74% to -$2.4 million in 2024, then slumped by 159.76% to -$6.2 million in 2025, then advanced by 22.29% to -$4.8 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$4.8 million, -$6.2 million, and -$4.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 1.12 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 1.91 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 3.20 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 535.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 2.88 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -3.00 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 2.85 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -308.00 Mn |
| 10 | Solana | 167.49 Mn | 163.84 Mn | 2.45 Mn | -11.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.80 Mn |
| Mar 31, 2026 | -4.80 Mn |
| Dec 31, 2025 | -6.18 Mn |
| Dec 31, 2025 | -6.18 Mn |
| Sep 30, 2025 | -4.04 Mn |
| Sep 30, 2025 | -4.04 Mn |
| Jun 30, 2025 | -2.76 Mn |
| Jun 30, 2025 | -2.76 Mn |
| Mar 31, 2025 | -3.54 Mn |
| Mar 31, 2025 | -3.54 Mn |
| Dec 31, 2024 | -2.38 Mn |
| Dec 31, 2024 | -2.38 Mn |
| Sep 30, 2024 | -2.77 Mn |
| Sep 30, 2024 | -2.77 Mn |
| Jun 30, 2024 | -2.89 Mn |
| Jun 30, 2024 | -2.89 Mn |
| Mar 31, 2024 | -3.01 Mn |
| Mar 31, 2024 | -3.01 Mn |
| Dec 31, 2023 | -2.04 Mn |
| Dec 31, 2023 | -2.04 Mn |