Solana (HSDT) Gross Margin (2019 - 2026)

Solana (HSDT) posted Gross Margin of 95.03% for Q1 2026, down 1.58% sequentially from 96.56% in Q4 2025, and up 24197.0% YoY from N/an in Q1 2025.

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

Solana has reported Gross Margin for 8 years, with the latest figure at 95.03% in Q1 2026.

Quarterly Gross Margin rose 24197.0% year-over-year to 95.03% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 94.27% (up 12791.0% YoY) and the FY2025 annual result came in at 91.69%, up 10361.0% from the prior year.
Gross Margin retreated to 95.03% in Q1 2026 per HSDT's latest filing, from 96.56% in the prior quarter.
Over five years, Gross Margin peaked at 96.56% in Q4 2025 and troughed at 266.67% in Q3 2024.
A 5-year average of 4.4% and a median of 28.12% in 2023 frame the typical range for Gross Margin.
The sharpest annual moves came in 2024 and 2025: Gross Margin tumbled 23333 bps in 2024, then surged 35189 bps in 2025.
Over 5 years, Gross Margin stood at 48.35% in 2022, then decreased by 26 bps to 35.77% in 2023, then slumped by 104 bps to 1.32% in 2024, then surged by 7438 bps to 96.56% in 2025, then declined by 2 bps to 95.03% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 95.03%, 96.56%, and 85.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	BlackRock	179.54 Bn	165.67 Bn	-	-
2	Blackstone	114.83 Bn	112.32 Bn	-	-
3	Kkr	97.26 Bn	-179.81 Bn	-	-
4	Brookfield	93.07 Bn	45.66 Bn	-	-
5	Brookfield Asset Management	83.46 Bn	81.96 Bn	-	-
6	Apollo Global Management	78.41 Bn	53.04 Bn	10.54 Bn	94.50%
7	State Street	51.66 Bn	51.66 Bn	-	-
8	Ameriprise Financial	51.12 Bn	40.07 Bn	4.72 Bn	94.14%
9	Raymond James Financial	33.99 Bn	20.74 Bn	-	-
10	Solana	167.49 Mn	163.84 Mn	2.45 Mn	96.95%

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