Solana (HSDT) Gross Margin (2019 - 2026)

Solana's (HSDT) quarterly Gross Margin came in at 95.03% in Q1 2026, up 24197.0% year-on-year from N/an in Q1 2025, and down 1.58% quarter-over-quarter from 96.56% in Q4 2025.

Solana (HSDT) Gross Margin (2019 - 2026) Analysis & Trends

Solana has disclosed Gross Margin across 8 years of filings, most recently posting 95.03% for Q1 2026.

  • Gross Margin for Q1 2026 came in at 95.03%, up 24197.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 94.27% (up 12791.0% YoY), and the FY2025 annual result was 91.69%, up 10361.0% from the prior year.
  • Gross Margin came in at 95.03% for Q1 2026 at Solana, down from 96.56% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 96.56% in Q4 2025 to a low of 266.67% in Q3 2024.
  • The 5-year median for Gross Margin is 27.16% (2023), against an average of 4.8%.
  • Across the five-year window, Gross Margin slumped 23590 bps in 2024 and soared 35189 bps in 2025, its largest moves.
  • Solana's Gross Margin stood at 48.35% in 2022, then plunged by 44 bps to 27.16% in 2023, then slumped by 105 bps to 1.32% in 2024, then soared by 7438 bps to 96.56% in 2025, then slipped by 2 bps to 95.03% in 2026.
  • The last three Gross Margin figures came in at 95.03% (Q1 2026), 96.56% (Q4 2025), and 85.22% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -
2 Blackstone 96.85 Bn 95.80 Bn - -
3 Kkr 86.45 Bn 133.96 Bn - -
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 99.70%
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 93.51%
7 Northern Trust 31.92 Bn 31.92 Bn - -
8 Raymond James Financial 30.62 Bn 19.37 Bn - -
9 Ares Management 29.04 Bn 32.41 Bn - -
10 Solana 165.46 Mn 161.06 Mn 3.44 Mn 95.03%

Historic Data

Download Data
DateValue
Mar 31, 2026 95.03%
Dec 31, 2025 96.56%
Sep 30, 2025 85.22%
Jun 30, 2025 -160.61%
Mar 31, 2025 -146.94%
Dec 31, 2024 -1.32%
Sep 30, 2024 -266.67%
Jun 30, 2024 35.16%
Mar 31, 2024 9.68%
Dec 31, 2023 27.16%
Sep 30, 2023 -30.77%
Jun 30, 2023 28.13%
Mar 31, 2023 -9.91%
Dec 31, 2022 48.35%
Sep 30, 2022 48.47%
Jun 30, 2022 26.05%
Mar 31, 2022 34.74%
Dec 31, 2021 46.07%
Sep 30, 2021 22.55%
Jun 30, 2021 6.35%