Solana (HSDT) Free Cash Flow (2015 - 2026)
Solana recorded quarterly Free Cash Flow of -$4.8 million in Q1 2026, up 22.26% quarter-over-quarter from -$6.2 million in Q4 2025, and down 36.62% year-over-year from -$7.6 million in Q1 2025.
Solana's Free Cash Flow history runs 12 years deep, the most recent figure standing at -$4.8 million for Q1 2026.
- In Q1 2026, Free Cash Flow fell 36.62% year-over-year to -$4.8 million; the TTM figure through Mar 2026 stood at -$17.8 million (down 53.84% YoY), while the FY2025 annual figure was -$16.5 million, down 49.5% from the prior year.
- Free Cash Flow came in at -$4.8 million for Q1 2026 at Solana, up from -$6.2 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$2.0 million in Q4 2023 to a low of -$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.
- Across the five-year window, Free Cash Flow surged 37.32% in 2022 and sank 161.31% in 2025, its largest moves.
- Solana's Free Cash Flow stood at -$2.1 million in 2022, then climbed by 4.86% to -$2.0 million in 2023, then dropped by 16.74% to -$2.4 million in 2024, then tumbled by 161.31% to -$6.2 million in 2025, then climbed by 22.26% 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 | 158.51 Bn | 148.89 Bn | - | -1.09 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 957.64 Mn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 1.72 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 332.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.62 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -12.41 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 430.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -329.40 Mn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 390.87 Mn |
| 10 | Solana | 176.63 Mn | 172.23 Mn | 3.44 Mn | -4.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -4.83 Mn |
| Mar 31, 2026 | -4.83 Mn |
| Dec 31, 2025 | -6.21 Mn |
| Dec 31, 2025 | -6.21 Mn |
| Sep 30, 2025 | -4.01 Mn |
| Sep 30, 2025 | -4.01 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 |
| Sep 30, 2023 | -2.46 Mn |
| Sep 30, 2023 | -2.46 Mn |
| Jun 30, 2023 | -2.74 Mn |
| Jun 30, 2023 | -2.74 Mn |
| Mar 31, 2023 | -3.21 Mn |
| Mar 31, 2023 | -3.21 Mn |
| Dec 31, 2022 | -2.14 Mn |
| Dec 31, 2022 | -2.14 Mn |
| Sep 30, 2022 | -3.83 Mn |
| Sep 30, 2022 | -3.83 Mn |
| Jun 30, 2022 | -3.67 Mn |
| Jun 30, 2022 | -3.67 Mn |
| Mar 31, 2022 | -4.68 Mn |
| Mar 31, 2022 | -4.68 Mn |
| Dec 31, 2021 | -3.47 Mn |
| Dec 31, 2021 | -3.47 Mn |
| Sep 30, 2021 | -3.28 Mn |
| Sep 30, 2021 | -3.28 Mn |
| Jun 30, 2021 | -3.75 Mn |
| Jun 30, 2021 | -3.75 Mn |
| Mar 31, 2021 | -2.94 Mn |
| Mar 31, 2021 | -2.94 Mn |
| Dec 31, 2020 | -2.17 Mn |
| Dec 31, 2020 | -2.17 Mn |
| Sep 30, 2020 | -2.59 Mn |
| Sep 30, 2020 | -2.59 Mn |
| Jun 30, 2020 | -3.23 Mn |
| Jun 30, 2020 | -3.23 Mn |
| Mar 31, 2020 | -3.75 Mn |
| Mar 31, 2020 | -3.75 Mn |
| Dec 31, 2019 | -4.56 Mn |
| Dec 31, 2019 | -4.56 Mn |
| Sep 30, 2019 | -5.30 Mn |
| Sep 30, 2019 | -5.30 Mn |
| Jun 30, 2019 | -4.46 Mn |
| Jun 30, 2019 | -4.46 Mn |
| Mar 31, 2019 | -6.96 Mn |
| Mar 31, 2019 | -6.96 Mn |
| Dec 31, 2018 | -5.16 Mn |
| Dec 31, 2018 | -5.16 Mn |
| Sep 30, 2018 | -3.57 Mn |
| Sep 30, 2018 | -3.57 Mn |
| Jun 30, 2018 | -6.44 Mn |
| Jun 30, 2018 | -6.44 Mn |
| Mar 31, 2018 | -4.89 Mn |
| Mar 31, 2018 | -4.89 Mn |
| Dec 31, 2017 | -5.10 Mn |
| Dec 31, 2017 | -5.10 Mn |
| Sep 30, 2017 | -5.01 Mn |
| Sep 30, 2017 | -5.01 Mn |
| Sep 30, 2016 | -5.78 Mn |
| Sep 30, 2016 | -5.78 Mn |
| Jun 30, 2016 | -2.37 Mn |
| Jun 30, 2016 | -2.37 Mn |
| Mar 31, 2016 | -1.68 Mn |
| Mar 31, 2016 | -1.68 Mn |
| Sep 30, 2015 | -1.25 Mn |
| Sep 30, 2015 | -1.25 Mn |
| Jun 30, 2015 | -2.15 Mn |
| Jun 30, 2015 | -2.15 Mn |