Solana (HSDT) Operating Expenses (2016 - 2026)
Solana (HSDT) posted Operating Expenses of $103.1 million for Q1 2026, down 50.0% sequentially from $206.1 million in Q4 2025, and up 2516.37% YoY from $3.9 million in Q1 2025.
Solana (HSDT) Operating Expenses (2016 - 2026) Analysis & Trends
Solana has reported Operating Expenses for 11 years, with the latest figure at $103.1 million in Q1 2026.
- Quarterly Operating Expenses rose 2516.37% year-over-year to $103.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $348.5 million (up 2328.06% YoY) and the FY2025 annual result came in at $249.4 million, up 1701.58% from the prior year.
- Operating Expenses slipped to $103.1 million in Q1 2026 per HSDT's latest filing, from $206.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $206.1 million in Q4 2025 and troughed at $2.3 million in Q4 2023.
- A 5-year average of $23.2 million and a median of $3.5 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses sank 43.91% in 2022, then jumped 6453.35% in 2025.
- Over 5 years, Operating Expenses stood at $2.8 million in 2022, then slipped by 18.24% to $2.3 million in 2023, then surged by 37.34% to $3.1 million in 2024, then surged by 6453.35% to $206.1 million in 2025, then sank by 50.0% to $103.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $103.1 million, $206.1 million, and $36.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.28 Bn | 165.41 Bn | - | 4.62 Bn |
| 2 | Blackstone | 114.40 Bn | 111.89 Bn | - | 2.38 Bn |
| 3 | Kkr | 96.93 Bn | -180.14 Bn | - | 5.41 Bn |
| 4 | Brookfield | 93.21 Bn | 45.81 Bn | - | 14.94 Bn |
| 5 | Brookfield Asset Management | 83.63 Bn | 82.12 Bn | - | 659.00 Mn |
| 6 | Apollo Global Management | 78.42 Bn | 53.05 Bn | 10.54 Bn | 8.74 Bn |
| 7 | State Street | 51.52 Bn | 51.52 Bn | - | 2.66 Bn |
| 8 | Ameriprise Financial | 51.08 Bn | 40.03 Bn | 4.72 Bn | 3.50 Bn |
| 9 | Northern Trust | 34.03 Bn | 34.03 Bn | - | 1.64 Bn |
| 10 | Solana | 167.49 Mn | 163.84 Mn | 2.45 Mn | 35.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 103.06 Mn |
| Dec 31, 2025 | 206.10 Mn |
| Sep 30, 2025 | 36.04 Mn |
| Jun 30, 2025 | 3.27 Mn |
| Mar 31, 2025 | 3.94 Mn |
| Dec 31, 2024 | 3.15 Mn |
| Sep 30, 2024 | 3.93 Mn |
| Jun 30, 2024 | 3.33 Mn |
| Mar 31, 2024 | 3.43 Mn |
| Dec 31, 2023 | 2.29 Mn |
| Sep 30, 2023 | 3.11 Mn |
| Jun 30, 2023 | 3.29 Mn |
| Mar 31, 2023 | 3.80 Mn |
| Dec 31, 2022 | 2.80 Mn |
| Sep 30, 2022 | 4.95 Mn |
| Jun 30, 2022 | 3.46 Mn |
| Mar 31, 2022 | 4.63 Mn |
| Dec 31, 2021 | 4.23 Mn |
| Sep 30, 2021 | 4.40 Mn |
| Jun 30, 2021 | 6.17 Mn |