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| Date | Value |
|---|---|
| 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% |