Solana (HSDT) Free Cash Flow (2015 - 2026)
Solana's (HSDT) quarterly Free Cash Flow came in at -$11.9 million in Q2 2026, down 331.34% year-over-year from $5.1 million in Q2 2025, and down 146.16% quarter-over-quarter from -$4.8 million in Q1 2026.
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Analysis
Solana (HSDT) Free Cash Flow (2015 - 2026) Analysis & Trends
Solana has disclosed Free Cash Flow across 12 years of filings, most recently posting -$11.9 million for Q2 2026.
- In Q2 2026, Free Cash Flow fell 331.34% year-over-year to -$11.9 million; the TTM figure through Jun 2026 stood at -$447.6 million (down 3812.1% YoY), while the FY2025 annual figure was -$437.2 million, down 3857.93% from the prior year.
- Free Cash Flow came in at -$11.9 million for Q2 2026 at Solana, down from -$4.8 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 -$271.4 million in Q3 2025.
- Average Free Cash Flow over 5 years is -$27.2 million, with a median of -$3.1 million recorded in 2023.
- Year-over-year, Free Cash Flow jumped 38.26% in 2022 and tumbled 9695.27% in 2025.
- Over 5 years, Free Cash Flow stood at -$2.1 million in 2022, then advanced by 4.86% to -$2.0 million in 2023, then slipped by 16.74% to -$2.4 million in 2024, then slumped by 6606.18% to -$159.5 million in 2025, then soared by 92.54% to -$11.9 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were -$11.9 million in Q2 2026, -$4.8 million in Q1 2026, and -$159.5 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Circle Internet | 21.16 Bn | 19.43 Bn | 288.85 Mn | 497.27 Mn |
| 2 | Galaxy Digital | 9.54 Bn | 8.88 Bn | 8.38 Bn | -26.80 Mn |
| 3 | Gemini Space Station | 573.86 Mn | 385.24 Mn | - | -51.07 Mn |
| 4 | Solana | 177.06 Mn | 173.41 Mn | 2.45 Mn | -11.89 Mn |
| 5 | Empery Digital | 85.45 Mn | 85.45 Mn | -68,184.00 | -6.90 Mn |
| 6 | Metalpha Technology Holding | 40.05 Mn | 36.11 Mn | - | - |
| 7 | Fold Holdings | 29.71 Mn | 1.31 Mn | 5.36 Mn | -9.72 Mn |
| 8 | Amber International Holding | 28.97 Mn | -4.44 Mn | 11.06 Mn | - |
| 9 | Fabric.AI | 10.06 Mn | -11.61 Mn | - | -6.12 Mn |
| 10 | CEA Industries | 7.41 Mn | 324,022.19 | 1.96 Mn | -6.60 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -11.89 Mn |
| Mar 31, 2026 | -4.83 Mn |
| Dec 31, 2025 | -159.47 Mn |
| Sep 30, 2025 | -271.43 Mn |
| Jun 30, 2025 | -2.76 Mn |
| Mar 31, 2025 | -3.54 Mn |
| Dec 31, 2024 | -2.38 Mn |
| Sep 30, 2024 | -2.77 Mn |
| Jun 30, 2024 | -2.89 Mn |
| Mar 31, 2024 | -3.01 Mn |
| Dec 31, 2023 | -2.04 Mn |
| Sep 30, 2023 | -2.46 Mn |
| Jun 30, 2023 | -2.74 Mn |
| Mar 31, 2023 | -3.21 Mn |
| Dec 31, 2022 | -2.14 Mn |
| Sep 30, 2022 | -3.83 Mn |
| Jun 30, 2022 | -3.67 Mn |
| Mar 31, 2022 | -4.68 Mn |
| Dec 31, 2021 | -3.47 Mn |
| Sep 30, 2021 | -3.27 Mn |