Solana (HSDT) Net Margin (2019 - 2026)
Solana (HSDT) reported Net Margin of -1197.78% for Q2 2026, up 21669.66 percentage points from -22867.44% a year earlier and up 1558.33 percentage points from the prior quarter.
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Analysis
Solana (HSDT) Net Margin (2019 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Solana's Net Margin came in at -1302.78%, up 5912.47 percentage points year-over-year; for FY2025, it came in at -679.57%, up 1578.50 percentage points from FY2024.
- Net Margin has a five-year change of +1458.10 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at -2258.08% in FY2024 (-883.85 pp), -1374.22% in FY2023 (+413.83 pp), -1788.06% in FY2022 (+1685.51 pp) and -3473.56% in FY2021 (-1335.89 pp).
- Five-year quarterly Net Margin spans a low of -50612.34% in Q3 2025 and a high of 6227.07% in Q4 2025.
- Year over year, Net Margin has now increased in each of the last three quarters, with an average year-over-year change of -5281.05 percentage points over the last eight quarters.
- The high point for year-over-year Net Margin in five years was Q2 2026 (a gain of 21669.66 percentage points); the low point was Q3 2025 (a drop of 43384.89 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -2756.12% (Q1 2026), 6227.07% (Q4 2025) and -50612.34% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cme | 106.56 Bn | 94.66 Bn | - | 61.06% |
| 2 | Intercontinental Exchange | 89.45 Bn | 83.19 Bn | - | 26.53% |
| 3 | Robinhood Markets | 88.18 Bn | 69.22 Bn | - | 42.89% |
| 4 | Nasdaq | 53.47 Bn | 50.90 Bn | 1.50 Bn | 20.02% |
| 5 | Interactive Brokers | 37.14 Bn | 14.26 Bn | - | 16.46% |
| 6 | Cboe Global Markets | 33.00 Bn | 24.66 Bn | 731.60 Mn | 24.38% |
| 7 | LPL Financial Holdings | 25.71 Bn | 21.03 Bn | - | 7.31% |
| 8 | Tradeweb Markets | 25.33 Bn | 17.34 Bn | - | 32.44% |
| 9 | Circle Internet | 21.30 Bn | 15.18 Bn | 288.85 Mn | 6.88% |
| 10 | Solana | 185.83 Mn | 46.40 Mn | 2.45 Mn | -1,197.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,197.78% |
| Mar 31, 2026 | -2,756.12% |
| Dec 31, 2025 | 6,227.07% |
| Sep 30, 2025 | -50,612.34% |
| Jun 30, 2025 | -22,867.44% |
| Mar 31, 2025 | -7,832.65% |
| Dec 31, 2024 | -2,584.21% |
| Sep 30, 2024 | -7,227.45% |
| Jun 30, 2024 | -885.71% |
| Mar 31, 2024 | -1,863.70% |
| Dec 31, 2023 | -779.85% |
| Sep 30, 2023 | -2,561.54% |
| Jun 30, 2023 | -643.75% |
| Mar 31, 2023 | -2,246.85% |
| Dec 31, 2022 | -1,732.62% |
| Sep 30, 2022 | -525.51% |
| Jun 30, 2022 | -3,201.68% |
| Mar 31, 2022 | -2,287.37% |
| Dec 31, 2021 | -1,589.92% |
| Sep 30, 2021 | -4,300.00% |
API Access
Solana Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=HSDT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "HSDT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=HSDT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();