Solana (HSDT) Operating Expenses (2016 - 2026)
Solana (HSDT) reported Operating Expenses of $103.1 million for Q1 2026, up 2516.37% on a YoY basis from $3.9 million in Q1 2025, and down 50.0% sequentially from $206.1 million in Q4 2025.
Solana (HSDT) Operating Expenses (2016 - 2026) Analysis & Trends
Solana (HSDT) has 11 years of Operating Expenses data on file, last reported at $103.1 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 2516.37% year-over-year to $103.1 million; the trailing twelve-month figure through Mar 2026 stood at $348.5 million (up 2328.06% YoY), and the FY2025 full-year result was $249.4 million, up 1701.58% from the prior year.
- Operating Expenses slipped to $103.1 million in Q1 2026, from $206.1 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $206.1 million in Q4 2025 to a low of $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.
- Across the five-year window, Operating Expenses tumbled 43.91% in 2022 and surged 6453.35% in 2025, its largest moves.
- Tracing HSDT's Operating Expenses over 5 years: stood at $2.8 million in 2022, then fell 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 slumped by 50.0% to $103.1 million in 2026.
- Business Quant data shows HSDT's Operating Expenses at $103.1 million in Q1 2026, $206.1 million in Q4 2025, and $36.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | -14.14 Bn |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | 3.88 Bn |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 2.26 Bn |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 4.68 Bn |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | 2.81 Bn |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 3.67 Bn |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | 1.51 Bn |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 3.12 Bn |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 1.18 Bn |
| 10 | Solana | 190.40 | -4.39 Mn | 3.44 Mn | 103.06 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 |